A Master Strategist at Work, page-13

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bastowmichael

521 Posts.

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19/12/18

16:41

Post #: 36909279
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Originally posted by tukebay: ↑

I doubt we'll get a research report until a deal with a shipyard has been consummated, which I'd like to think should be some time in Q1 '19.Once that occurs, the company will have much better clarity on their expenses and some numbers can be run by analysts.

Re the $1, it's an arbitrary number, as I can see much higher valuations.

Back of an envelope, let's say each ship is returning $25m/year to GEV, and the first deal requires 4 ships - that's $100m in profit on the IOC deal alone. What PE do you put that on? How about 10x to be conservative. There you have a $1 billion company on one small deal. This equates to $2.50/share fully diluted.

Now, let's assume a deal is completed with Twinza that will require another 4 ships. An offtake to supply Port Meridien - another 4 ships. Another deal in India - another 4 ships. The potential is staggering. And this potential will be realised and reflected in the share price with someone like MB at the helm.

As @Specyray so correctly noted, the hard yards and grunt work on GEV are almost complete. Formal ABS approval is imminent, a shipyard deal is also not too far away, and 2 offtakes have been signed.

The stock is at bargain basement prices and is a great asymmetrical investment opportunity IMHO.

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thankyou for your input on my question and answering it with an open mind and maturity

GEV Price at posting: 18.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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A Master Strategist at Work, page-13

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