EXL 33.3% 0.4¢ elixinol wellness limited

Ann: Quarterly Report and Appendix 4C, page-79

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  1. 75 Posts.
    lightbulb Created with Sketch. 15
    Not sure what "rubbish figures" I am supposed to be quoting?

    Stock is capped at ~$150m - fact (100m shares * $1.50)
    Bell Potter in their report have $2m-$4m EBITDA in FY19 - Fact
    Colorado Cultivators are the key supplier of hemp in Nth America (section 9.6.2.1 of prospectus), and the contract is due to expire July 15 2018 - Fact
    Tiverton Agriculture is the main supplier in Australia - Fact

    EXL takes supply of such product and processes it into oil and food based hemp products - Fact

    So the much hoped Medical Cannabis license is based on "expertise" in growing crops they don't grow!

    At the prospectus, Elixinol was sold into EXL for $64.6m ($58m goodwill and 30x EBITDA).
    Hemp Foods was sold in for $5.2m ($4.1m goodwill) and no earnings
    Elixinol Aust was sold in at $12.3m ($9.7m goodwill) with no license, no revenue and 1 employee!
    That's a total of $82m ($72m goodwill), than add $20 raise to get $100m

    So tell me why the business should now be valued at $150m....

    No agenda - just a warning
 
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