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Thread: SeaDragon

  1. #11
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    Quote Originally Posted by moosie_900 View Post
    read the edison report for a valuation range taking into account the snk holding
    Zoosie, can you post that link?

  2. #12
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    Quote Originally Posted by moosie_900 View Post
    http://www.edisoninvestmentresearch....on-marine-oils

    Don't know if it will work or not without signing in.

    I strongly suggest signing up. It's free, and you can get access to SEA, SNK and CRP.
    Thank you.

  3. #13
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    SEA
    30/05/2013 15:35
    FLLYR

    REL: 1535 HRS SeaDragon Limited

    FLLYR: SEA: SEADRAGON EXCEEDS REVENUE FORECASTS

    30 May 2013

    NZX & MEDIA RELEASE

    FINANCIAL RESULTS FOR THE 12 MONTHS TO 31 MARCH 2013

    SEADRAGON EXCEEDS REVENUE FORECASTS

    Australasia's largest refiner and blender of high-quality,
    internationally-certified concentrated Omega-3 fish oils SeaDragon (NZX:SEA)
    today reports good progress for financial year ending March 31 2013.

    Despite adverse conditions in the supply of raw materials, the financial
    results have exceeded revenue forecasts released as part of the reverse
    takeover of SeaDragon by the company's predecessor Claridge Capital in
    October of last year.

    Sales for the year to 31 March 2013 rose to $9 million from $2.3 million in
    the same period last year when SeaDragon was a private company. In the year
    to 31 March 2012, Claridge Capital reported sales of $15,000.

    Losses before tax for the period reduced to $0.29 million from a loss before
    tax of $0.71 million in 2012 when SeaDragon was a private company. Claridge
    Capital reported a net loss of $0.52 million. At the time of the reverse
    takeover SeaDragon forecast sales of $6.21 million and a loss before tax of
    $0.54 million.

    SeaDragon Marine Oils Chief Executive Ross Keeley said: "During the period we
    faced significant disruptions preventing the timely receipt of raw material
    and therefore produced lower volumes of Squalene than anticipated.

    "However, thanks to the flexibility of our Nelson manufacturing plant and our
    reputation in international markets we were able to make up the shortfall
    with new, albeit lower margin, contracts to sell Omega-3 rich krill oil."

    Profit attributable to shareholders for the group rose to $3.354 million up
    from a loss of $0.515 million due a significant rise in the market value of
    SeaDragon's stake in smartphone & tablet advertising group SNAKK Media,
    inherited as part of SeaDragon's NZX listing in October.

    Mr Keeley said SeaDragon's transition to the NZX and the associated
    recapitalisation of the business had provided a considerable boost to the
    business, putting in place strong foundation for growth. "SeaDragon
    Marine Oils has had sufficient working capital to fund raw material purchases
    to ensure that supply matches demand, hence the massive increase in revenue,"
    Mr Keeley said.

    "The business has also been repositioned to ensure flexibility exists in
    processing capability to take advantage of new product and customer
    opportunities. This has resulted in processing contracts being negotiated for
    the production of Krill Oil.

    "Relationships with suppliers remain strong, with increased availability of
    sustainable raw material over recent months. As a consequence new market and
    customer opportunities have arisen.

    "The omega 3 market continues to enjoy favourable growth internationally at
    7.3% CAGR with the Asia Pacific region leading the charge with forecast CAGR
    of 13.4% over the 2011 - 2016, 5 year period.

    "The business is therefore well positioned to participate in this market
    given its geographic location and the recent approval of the board to proceed
    with the refined fish oil processing facility, leveraging off the cache
    attached to health products sourced from New Zealand.

    The earn-out shares per the sale and purchase agreement for the acquisition
    of SDMO's business by SeaDragon, will be allotted to the earnout shareholders
    by 31 July 2013.

    ENDS

    Contact
    Ross Keeley
    Chief Executive
    Tel: +64 29 288 8882

    About SeaDragon (www.seadragon.co.nz)
    Nelson, New Zealand-based SeaDragon Marine Oils is Australasia's largest
    refiner and blender of high-quality, internationally-certified concentrated
    Omega-3 fish oils, and fractions. Our oils are sourced from fish caught in
    the clean and pure waters around New Zealand, in the Southern Ocean, and
    elsewhere. We have more than 20 years' experience processing fish oils and we
    are recognised for the quality and purity of our products. We supply health
    supplement manufacturers around the world to meet the burgeoning demand for
    pure, high-quality fish oils, which are scientifically proven to deliver
    significant human health benefits such as lowering the risk of heart disease,
    improving brain function and joint health. The majority of our supply is
    exported.
    End CA:00236881 For:SEA Type:FLLYR Time:2013-05-30 15:35:04

  4. #14
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    Great news, but my 102,379 shares, pale into insignificance when you see they have 1,231,733,227 on issue!

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    I'm struggling to understand what the following means - perhaps somebody can translate it for me?

    The earn-out shares per the sale and purchase agreement for the acquisition
    of SDMO's business by SeaDragon, will be allotted to the earnout shareholders
    by 31 July 2013.

  6. #16
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    Quote Originally Posted by blah View Post
    I'm struggling to understand what the following means - perhaps somebody can translate it for me?

    The earn-out shares per the sale and purchase agreement for the acquisition
    of SDMO's business by SeaDragon, will be allotted to the earnout shareholders
    by 31 July 2013.
    Not checked the details but probably the agreement says that if SeaDragon exceeded a certain level of sales/profit/whatever then extra shares would be given to the original sellers. Basically the initial purchase price has gone up.

    Best Wishes
    Paper Tiger
    om mani peme hum

  7. #17
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    Wow... the numbers are amazing:

    Revenue grew by 59893%
    Gross profit increased by 7700%
    Losses reduced by 43%

    Net Profit now 3.4m compared to a loss of 0.5m the previous year.

    Not bad in my opinion. I would think next year would be another wonderful year as their expanded capacity comes into operation.

  8. #18
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    QUOTE=ari;409841]Great news, but my 102,379 shares, pale into insignificance when you see they have 1,231,733,227 on issue![/QUOTE]

    Ever wonder why they have so many low value shares ???..

    Why do they not do what NPX did when their shares entered the " Penny Dreadful " arena..

    The more suckers that can be drawn in the greater the profits for the very small number of original investors..

    Will you be able to use them in margin trading ??? ( Not to be encouraged )..

    Of course there will be success for the odd one or two..

    Buyer beware comes to mind..

  9. #19
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    [QUOTE

    Ever wonder why they have so many low value shares ???..

    Why do they not do what NPX did when their shares entered the " Penny Dreadful " arena..

    The more suckers that can be drawn in the greater the profits for the very small number of original investors..

    Will you be able to use them in margin trading ??? ( Not to be encouraged )..

    Of course there will be success for the odd one or two..

    Buyer beware comes to mind..[/QUOTE]

    Yep, I know exactly what you are saying, I've been tied to this lot since Aquaria21 days and I lost heavily, but one day I might just get a little back.
    Talk about creative accounting.....I've seen it all!

  10. #20
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    Quote Originally Posted by ari View Post
    [QUOTE

    Ever wonder why they have so many low value shares ???..

    Why do they not do what NPX did when their shares entered the " Penny Dreadful " arena..

    The more suckers that can be drawn in the greater the profits for the very small number of original investors..

    Will you be able to use them in margin trading ??? ( Not to be encouraged )..

    Of course there will be success for the odd one or two..

    Buyer beware comes to mind..
    Yep, I know exactly what you are saying, I've been tied to this lot since Aquaria21 days and I lost heavily, but one day I might just get a little back.
    Talk about creative accounting.....I've seen it all![/QUOTE]

    Are you into the " Other ".. Low ball shares .. I.e. WDT SPY etc.. ??

    Why do you do it ??..

    GREED ??

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