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Have been doing a bit of research into Cropx which I thought I would share . I have posted a bit of information on Twitter but realise that not everyone uses that format so apologies if you have read some of this already .
There is a real possibility that Cropx and Star could have some real tranformational news and here's why .
Cropx have recently taken over Cropmetrics who have recently signed a partnership deal with the Climate Corporation (Field View ) They are part of the Bayer group .So why is this so important ? Well Field view have 90 million paid acres on their books and they are in the process of looking for a field sensor system which measures nitrogen and moisture which in their own words will be a game changer ,See article https://cropscience.bayer.co.uk/blog/articles/2020/02/fieldview-instant-data-system-is-farming-game-changer/ . They also have a note on their website coming soon Fieldview ready sensor (Sound like a diy sensor doesn't it see link https://dev.fieldview.com/ .
Excellent analysis GLR, well said. At least the sp appears to have withstood today's avalanche when many companies are watching theirs go into freefall. Hopefully that augurs well for the future. When this years financials are formally announced, in the very near future, it will be interesting to see how the market at large reacts especially if they're in line with previous announcement. Also, a positive RNS/statement on the state of other contracts in the pipeline would be most welcome. Confirmation of a material order would be even better. Presumably Allenby's will also be updating their forecasts. Let's hope they can put a bit of gloss on what's happening in the background
Excellent well thought out factual post GLR, time will tell, the next rns should reveal all. If financials are fine, as well as cash position. I concede that a rerate would be in the cards. Ps.... I've found something very very interesting for the rampers!!!!
Star last raise was 650K on the back of 2018 results, no Zero orders and No CropX orders - bosch hadn't even released the TDL although that does appear to be a very slow mover and Lokies did not exist
- Cropx now have orders, they've also acquired cropmetrics (who are no joke with over 500K acres of land - one cropX sensor covers 40 acres) so that's indirectly two ag tech companies we supply - Zero have released two motorcycles to date, the SRF and SRS, showing the strength of our relationship for future growth, and a further recommendation for our tech that they've decided to go with us on more models - We've released Lokies targetting 2m in 2020 - EBITDA has improved to $300K - we have a lot of smaller contracts that add up such as Cubemonk, Contguard, WIMC, XP and ICL (ICL of course could eventually be massive)
The 650K raised, we will see what we have left, but that's almost 12 months now without dilution, compare to previous years where we raised over 1.4m USD and still had to come back for more - the company is accelerating there is no doubt about it, people want quicker growth and that's what the company are targetting with their new forecast ($8.4m in 2020)
with great clients, and at 4m MCAP IMO an II would be getting an absolute steal - honestly dont think we will struggle to find strategic partners, the issue for larger investors would be the BoD will not want to dilute their holdings down a such a small level/MCAP - half of them are being paid in shares!
Not trying to ramp and obviously there are pros and cons to every company, if we was valued at 20m I might say this and that needs to happen quickly otherwise we could see a 30-50% drop, but at 4m MCAP it's quite frankly ludicrous
a lot seem 'fearful' of financing when if anything, it could likely be our last and the start of further, significant accelerated growth - again should it be required - As mentioned bod have 20% so I just can't see them accepting anything on negative terms (you could say well they have in the past, but never with a balance sheet and client list like we have today)
As always this is just all in my opinion, please do your own research
FLX raised 4m GBP back end of 2018 at 3p (12m MCAP) with II's at no discount!? :-)
The contributions from Zero, Cropx and Lokies hopefully this year should bring in circa 4m USD of hardware revenue and 500k+ additional SaaS, to go with our current run rate of 2.1m SaaS per annum, this would make starcom a blue sky company going into 2021, and likely a buyout target due to the growth (and high margin, growing SaaS side of the business)
In terms of financing, the hope is that starcom, should they need to finance, does this on favourable terms - we can all see here the potential of 'where we could be' in 12 months time, with growth from the above and the likes of WIMC, Contguard, Cargo Signal, Bosch, ICL, Cubemonk etc. - however the next hurdle is obviously cash position, we could get very lucky and this could come from increased orders (quality clients pay up front, so we wouldn't always have to raise - look at the Ukraine order) or it could come from increased SaaS revenue (Zero pay 2 years up front) or a large CropX order for example - however more realistically speaking, with a strong balance sheet, and a very strong investment case with a low risk strategy of achieving that growth, one would hope that financing would be favourable as opposed to diluting at say 1p - sticky hands or non-dilutive, a bank loan for example or something along those lines - Should STARCOM achieve favourable financing, then we could see a serious rerate, as not only would that be a very strong confidence vote from the lendor, but would also allow investors to sit back and relax for potentially a very long time and watch the company, organically and aggressively grow