sharetrader
Page 3 of 17 FirstFirst 123456713 ... LastLast
Results 41 to 60 of 326
  1. #41
    Member
    Join Date
    Jul 2015
    Posts
    474

    Default

    At least this should create some interesting banter between the bulls and the bears

  2. #42
    Member
    Join Date
    Jul 2016
    Posts
    47

    Default

    Going to put some into this, might end up with a good high in green or left with just sinking red eyes

  3. #43
    Senior Member
    Join Date
    Jun 2008
    Posts
    567

    Default

    From the PDS, Cannasouth will have an implied market capitalisation post IPO of $46m - $51m yet has no revenue or even products?!?

    The lucky wholesale investors who invested in August stand to make a 6.4x return in 9 months! While the poor investors who waited a month, stand only to make a 2x return in 8 months....!

    Summary of Capital Raising Initiatives and Commercial Milestones

    • in August 2018, Cannasouth undertook its first external capital raising where
    it raised $1.2 million at a pre-investment valuation of $5 million from several
    “wholesale investors” (as that term is defined in the Financial Markets Conduct
    Act); and

    • in October 2018, Cannasouth undertook its second external capital raising,
    where it raised $2.5 million at a pre-investment valuation of $18 million from
    approximately 38 “wholesale investors” (as that term is defined in the Financial
    Markets Conduct Act).
    Madness
    Last edited by Jaa; 29-05-2019 at 08:29 PM. Reason: Edited after SilverBlizard's comment below.

  4. #44
    Member
    Join Date
    Jul 2015
    Posts
    474

    Default

    It used to be tulips.... now its dope.....

  5. #45
    Membaa
    Join Date
    Nov 2004
    Location
    Paradise
    Posts
    3,175

    Default

    Quote Originally Posted by Jaa View Post
    From the PDS, Cannasouth will have an implied market capitalisation post IPO of $46m - $51m yet has no revenue or even products?!?

    The lucky wholesale investors who invested in August stand to make a 10x return in 9 months! While the poor investors who waited a month, stand only to make a 2.7x return in 8 months....!



    Madness
    Not madness at all, ask yourself why the wholesale (early) investors agreed to IPO? Surely not to get rich(er)? either way they win, by selling into the post IPO euphoria or by holding shares that are are 10 baggers.

    Sort of like private equity floats, or back door promoters, they expect pretty much instant returns of 10x+ multiples and it's the dumb f*ck punters who fund it.

    And you're right, no product, no revenue and they're a biotech research company. May never be any products, let alone whether any one wants to buy them if they do have products.

    And for that reason, I'm out.

    Edit: or the ability for production at scale, sales, marketing, distribution ... so many unknowns.
    Last edited by Baa_Baa; 29-05-2019 at 08:20 PM.

  6. #46
    2019 NZ Stock Picking Winner silverblizzard888's Avatar
    Join Date
    Oct 2013
    Posts
    698

    Default

    Quote Originally Posted by Jaa View Post
    From the PDS, Cannasouth will have an implied market capitalisation post IPO of $46m - $51m yet has no revenue or even products?!?

    The lucky wholesale investors who invested in August stand to make a 10x return in 9 months! While the poor investors who waited a month, stand only to make a 2.7x return in 8 months....!

    Madness

    Actually technically thats not right, since post IPO valuation includes dilution of existing shares. $46-51 million includes the raised $5-10 million. So valuation before dilution is $41 million

    August raise is calculated at $5 million valuation + $1.2 million raise = $6.2 million valuation after raise = 41/ 6.2 = 6.6x

    October raise is $18 million + $2.5 million = $20.5 million = 41/20.5 = 2x

    Still massive gains but not as high as you originally though, though comes with the risk thats why the gains are higher. Its only great when you win, but you'll also have to consider how many other investments that don't make it and to justify the risk they have to give a high reward. By no means do I think the valuation is worth it given no revenues and no ideal future prospects yet, though markets are not rational and think about the big possibilities that could happen.
    Last edited by silverblizzard888; 29-05-2019 at 08:25 PM.

  7. #47
    Senior Member
    Join Date
    Jun 2008
    Posts
    567

    Default

    Quote Originally Posted by silverblizzard888 View Post
    Actually technically thats not right, since post IPO valuation includes dilution of existing shares. $46-51 million includes the raised $5-10 million. So valuation before dilution is $41 million

    August raise is calculated at $5 million valuation + $1.2 million raise = $6.2 million valuation after raise = 41/ 6.2 = 6.6x

    October raise is $18 million + $2.5 million = $20.5 million = 41/20.5 = 2x

    Still massive gains but not as high as you originally though.
    Thanks silverblizzard888 that's really clear, will remember to exclude the money raised next time.

    Still massively exploitative.
    Last edited by Jaa; 29-05-2019 at 08:35 PM.

  8. #48
    Member
    Join Date
    Oct 2013
    Location
    NZ
    Posts
    242

    Default

    ...What I found interesting is the low amounts the directors are currently paid.

    Anthony Ho - $40,000
    Conor English - $40,000
    Mark Lucas - $80,000
    Nic Foreman - $80,000

    Furthermore
    "No prospective financial information provided"
    "Cannasouth has yet to generate any revenue as at the date of this PDS, andhas no contractual arrangements in place which provide for the generation offuture revenues"

    Last edited by vorno; 30-05-2019 at 01:39 PM.

  9. #49
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    3,285

    Default

    Can some one post Brian Gaynors Saturday N Z Herald business column, not too flattering comments me thinks and only for the very very very brave imho !!!

    buyer beware imo.

  10. #50
    Member
    Join Date
    Jun 2014
    Posts
    260

    Default

    Tim Preston, Sean Joyce and John Sorensen .............. not much else you really need to know....

  11. #51
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    3,285

    Default

    After reading the N Z Herald I see that one of the first actions that this outfit has done is give fish heads a big salary/pay rise even though there is no real business plan with meaningful financial plans available, says it all IMHO !

  12. #52
    Banned
    Join Date
    Nov 2016
    Posts
    173

    Default

    The NZX is sending out emails advertising the IPO. A sure sign that Cannasouth is having trouble filling up the issue. Not one to stag in my opinion.

  13. #53
    Legend
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    6,342

    Default

    Quote Originally Posted by SilverBack View Post
    The NZX is sending out emails advertising the IPO. A sure sign that Cannasouth is having trouble filling up the issue. Not one to stag in my opinion.
    if listed in aus probably would have been at 20c?
    bull
    One step ahead of the herd

  14. #54
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    5,357

    Default

    Quote Originally Posted by whatsup View Post
    Can some one post Brian Gaynors Saturday N Z Herald business column, not too flattering comments me thinks and only for the very very very brave imho !!!

    buyer beware imo.
    the title certainly gives you his views.
    no revenue
    no escrow.
    large profits for original shareholders despite short passage of time (and no obvious i.p though he doesnt actually say that)
    For clarity, nothing I say is advice....

  15. #55
    Senior Member
    Join Date
    Apr 2013
    Location
    Pourquoi?
    Posts
    843

    Default

    Quote Originally Posted by peat View Post
    the title certainly gives you his views.
    no revenue
    no escrow.
    large profits for original shareholders despite short passage of time (and no obvious i.p though he doesnt actually say that)

    No revenue and valued at $50M. Funds to be raised for *research*. Avoid.

    Received an NZX spam in my inbox must be desperate.
    Last edited by Schrodinger; 05-06-2019 at 09:21 AM.

  16. #56
    Senior Member
    Join Date
    Apr 2013
    Location
    Pourquoi?
    Posts
    843

    Default

    Quote Originally Posted by Baa_Baa View Post

    And for that reason, I'm out.
    Sharktank fan?

  17. #57
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    3,285

    Default

    Quote Originally Posted by Schrodinger View Post
    No revenue and valued at $50M. Funds to be raised for *research*. Avoid.
    IMHO this sort of outfit should be declined listing by the NZX , I thought that all of the cowboys were gone from the NZX ( ie Kiwibear et al ) but that does not appear to be the case.

  18. #58
    Senior Member
    Join Date
    Apr 2013
    Location
    Pourquoi?
    Posts
    843

    Default

    Yeah agreed. Some of the most recent tech listings are doing pretty well after slow starts. But pre revenue biotech gives me the heebies.

  19. #59
    Banned
    Join Date
    Nov 2016
    Posts
    173

    Default

    Quote Originally Posted by whatsup View Post
    IMHO this sort of outfit should be declined listing by the NZX , I thought that all of the cowboys were gone from the NZX ( ie Kiwibear et al ) but that does not appear to be the case.
    THe NZX is desperate to get new listings. If they can within their rules and security rules, they will.

  20. #60
    Legend
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    6,342

    Default

    Cannabis use in U.S. adults over age 65 saw more than a tenfold increase from 2007 to 2017

    https://www.cnbc.com/2019/06/07/mari...treatment.html

    looks the biggest market in the future will be over 65s
    bull
    One step ahead of the herd

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •