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Thread: SeaDragon

  1. #1
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    Default SeaDragon

    Could not find thread for SeaDragon......hence this new one......
    A $2.5 million cash injection has provided fish oil producer SeaDragon Marine Oils the scale to treble its capacity and expand into global markets, an investment research firm says.

    An Edison Investment Research report on the Nelson-based company suggested a new fish oils plant, scheduled to be completed next year, would allow SeaDragon to diversify into omega-3 oils production.

    The report said "the corner has been turned" for SeaDragon, with a $2.5m boost from an Australian bioscience investor providing the catalyst for expansion.

    SeaDragon is the largest producer of refined fish oils in Australasia, but the report noted the company's historical financial performance was not promising.

    Omega-3 oils were in strong demand worldwide, whereas the company's squalene production was predominantly sold in Asia, the report said.

    The company produces hundreds of tonnes of refined hoki, and shark oil dietary supplements.

    Last July, SeaDragon announced a three-way deal with Bioscience Managers and Auckland-listed investment company Claridge Capital.

    Bioscience Managers agreed to invest $2.5m for 312.5 million shares in Claridge on the condition Claridge completed the purchase of SeaDragon.

    Edison Investment Research analyst Jane Anscombe said the investment had seen the company recover from a long period of cash constraints and unprofitable numbers.

    The company currently boasted net cash of $200,000 and a $3.75m shareholding in Snakk Media.

    "SeaDragon is at a turning point, with a restored balance sheet improving profitability and strong demand from a large and growing market," Anscombe said.

    "The real investment story is the potential for the group in the much larger omega-3 market."

    Edison expected SeaDragon's revenue for the five and a half months to March 2013 would be $9.3m.

    It said, however, that delays to the installation of the new plant, caused by supplier failure, had been frustrating.

    The new plant was expected to be operational next year and at full production in 2015.

    Edison's report said SeaDragon's outlook was tempered by caution over whether the company could consistently trade profitably.

    "The strength of market demand is such that, unusually, SeaDragon's competition is for raw materials rather than for customers," it said.

    "Its order books are full and we see upside to profit estimates."

    Contact Hamish McNicol
    Business reporter

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    Reincarnated Panthera Snow Leopard's Avatar
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    Talking May the best Dragon Thread Win

    As I said on the other one

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    om mani peme hum

  3. #3
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    The reason I started this thread was because search did not throw up link.......now I see why.
    Registered name is Seadragon NOT Sea Dragon!

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    Is this the 'Real Oil' this time?.....it's been a long road > Regal Salmon>Queen Charlotte Holdings>Aquaria 21>AQL Holdings>Certified Organics>CER Group>Claridge Capital and now SeaDragon!

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    Well things look like being on the up,at least for a while.They will probably beat their revenue forecast by nearly 42%.
    Lets see what happens.Yep and a snakk holding to boot.
    Last edited by kizame; 06-05-2013 at 12:17 PM.

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    Reincarnated Panthera Snow Leopard's Avatar
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    Cool Next Big Thing on the NZX

    And up to 3c on turnover of 300,000 shares ($9,000)

    This, significantly, could see me in positive territory in the NZX competition .

    Best Wishes
    Paper Tiger
    om mani peme hum

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    Quote Originally Posted by ari View Post
    Is this the 'Real Oil' this time?.....it's been a long road > Regal Salmon>Queen Charlotte Holdings>Aquaria 21>AQL Holdings>Certified Organics>CER Group>Claridge Capital and now SeaDragon!
    This can ONLY mean danger danger danger KW, SJ, JS, RG, BW etc give your money to charity and at least have a happy ending.

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    Default Looks

    Looks like SP support around 3cents. Do you think it's share holding in SNK will drag it higher?

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    Question Did you know

    Quote Originally Posted by Jasemc View Post
    Looks like SP support around 3cents. Do you think it's share holding in SNK will drag it higher?
    Did you know that at $0.030 SeaDragon has a market capitalization of $36,951,997 ?

    And did you know that at $0.136 Snakk has a market capitalization of $34,656,748 ?

    and did you also know that SeaDragon have 25,000,000 Snakk shares currently worth $3,400,000, which is less than 10% of the market capitalization of SeaDragon ?

    furthermore did you know that a change of $0.049 (4.9c) in the market price of Snakk changes the value of SeaDragons holding in Snakk by $1,225,000 which is equivalent to a $0.001 (0.1c) change in the market price of SeaDragon ?

    So do you now know that a 4.9c change in Snakk affects SeaDragon by 0.1c ?

    Finally did you know that Llamas are bigger than Frogs ?

    Best Wishes
    Paper Tiger
    Last edited by Snow Leopard; 28-05-2013 at 10:38 PM. Reason: picked up a few dropped'h's
    om mani peme hum

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    Thanks for the info about LLamas. So sea dragon will sell snakk to fund their new plant. And ants are smaller than elephants !
    Last edited by Jasemc; 28-05-2013 at 10:44 PM.

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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?

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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.

  13. #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

  14. #14
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    Default

    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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    Default

    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.

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