Member Info for Moneysponge

I am not trying to talk price down at all
I am trying to value the company
Play the ball not the man here please

In 2021 the company had net assets on the balance sheet of 59m & 734m shares in issue
That gives a NTAV per share of 8p
Current price over 20p and revenue for 2021 is miniscule

I do not understand the valuation of the company right now which is all i am trying to do
If you are getting defensive about legitimate questions then thats your problem

Take it from me OGGS
Revenue absolutely does matter
Just look what has happened to ITM
One good thing for AFC is they have a huge cash pile
But so do ITM
Need sales growth to back it up
As someone interested in this company and its potential I admit I am
I would like to buy
But need to see some revenue projections in order to determine whether it is good value or not
At the moment based on less than 600k revenue in 2021 and no visibility of 2022/2023 revenue
150m market cap looks obscene so I would not buy
Thats why I am asking if I have missed something
Are we expecting huge increase in revenue numbers for 2022 when reported please and what are 2023 revenue targets.

Thanks
MS

Hello Johnnyboy999
I am grateful for your response
I used to hold ITM
I do fully understand the drive to netzero will be achieved with huge increase in hydrogen use
That is not in any doubt
I had heard of AFC before but never looked at it until today
The RNS is good, ammonia is easier to tranport H2 I do get it and there will be a big market for it
Are we there yet though?

Looking at current valuation I believe a lot is baked in here
So its hard for new investors to look at this as a growth stock if you get me
2022 revenues will need to be at least 20x 2020 revenues and that would put AFC on a trailing PSR of over 12 still which is ok if company is seeing massive sales growth a Price to Sales Ratio of 12 is just about justifiable
Is it though?
That's the question
All I am after is some revenue targets please if anyone can help
2022 and 2023 revenue estimates.
Thank you

At 140m on say a price to sales of 5
They would need to be doing 25m+ in revenue
Is that realistic or is this just another hype stock?
Genuinely asking

Saw the RNS today
Caught my eye
Looking at financials
These did less than £600k revenue in 2021
And lost £9.3m
Yet are valued at over £140m

What are we expecting 2022/2023 numbers to look like
They need to be about 20x 2021 revenue to make valuation look reasonable

I see a lot of cash on the balance sheet but far as I can tell
Thats dwindling

What am I missing
Thanks

huge prints yesterday
Could very well be the end of the selling
WBI are very unlucky in that 2 huge holders have needed to sell at the same time
This is a dropportunity
Fair value is much higher than this
So around these levels its a screaming buy
Even if you cant pick exact bottom
it is definitely very close

https://zakmir.com/zakstraderscafe-bulletin-board-heroes-march-21/#gs.t8fy65

Zak Mir points to bullish divergence and says immediate target is the 50dma at 1.55p but could do 1.75p before finding a bit of resistance
That is based on technicals alone
Fundamentally I expect around 6p here is achievable this year
Especially with improving financials like were seeing
and FSC being achieved
and carbon credits on top

Just took another 2k myself

Looking ready to blow here

https://twitter.com/Blowster85/status/1638139947646435330?s=20

And timber prices continue to rise

And it aint retail

Does anyone have any research to share
Talking about the daily share price movements is...
futile
Especially in this market
When can we expect FSC do people think
Given it was 61% complete last year

https://twitter.com/Borg74/status/1636993355237171203?s=20

Lumbar potentially put in a double bottom which would be fantastic for WBI if it has
Expecially with price of shipping also falling drastically
The net effect on WBI margins would be
very significant

I'm confused about the raise tbh
But it is behind us now
So not really of any concern to me as a new investor

Carbon credits will put rockets under this
But the underlying business is doing very well regardless:

$23.1m total revenue FY 2022 vs $17.5m FY 2021, a 32% increase.

· FY 2022 gross profit up 69% to $5.9m vs FY 2021 of $3.5m.

· FY 2022 gross profit margin increased to 25% vs 20% in FY 2021.

· FY 2022 EBITDAS[i] of >$3m was >3x the $1.0m in FY 2021.

· Q4 2022 revenue rose 25% to $6m vs $4.8m in Q4 2021.

The SP has dropped because we are in a deep bear market
And have been unfortunate that x2 major holders needed out at the same time

Current SP is 1.2p
Net assets per share are 9p
Company have just raised money so fully cashed up
This is the perfect time to be accumulating not moaning
Its called a dropportunity

FSC certification also shouldn't be too far of
If company was liquidated today
Net assets per share = 9p
Current price just 1.2p
lol
Safe as houses this investment

https://twitter.com/MarkNew39311665/status/1636018927649058817?s=20

As well as shipping costs falling will do very good things for WBI's margins
Very strong buy

Big buyers coming in at the close
AGAIN
Don't get mugged off thinking the bottom isn't in here
Net tangible asset value per share is 9p remember
Broker target is 7p
But yeah, Southcoastbather target is 0.8p based on....
That's right, nothing.
LOL

This on my radar but before diving into it can anyone here give a quick summary of
What CLON are all about and what they're hoping to achieve this year please
Thank you

Anyone have any idea on when we can expect FSC?
From investor presentation last year it was 61% complete
Company have since confirmed its on track for full completion this year
But no said when this year
Obviously Gabon are mandating companies operating in their country have this by end of the year
So big big milestone for us