McCoy Global well on track!In my opinion, McCoy Global is on track to attain their 2024 targeted goal of $100 Million in sales at a 40% gross profit. This will lead to a much, much higher share price.
They will achieve this by completing their multi year program of developing and delivering a full line of automation remote assist drilling technology equipment and services. All with real time, cloud based, remote data transmission infrastructure.
The following is from their website. It accurately states what they have set out to achieve in this “tens of millions” capital digital road map program they have followed and enhanced for many years now. It should be complete by late 2023 with a full year of total benefits to MCB achieved in 2024.
“We are an innovator enabling safe, environmentally protected, access to hydrocarbons through the wellbore on land, shelf and deep-water offshore. Our tools and technologies automate tubular running services (TRS) by eliminating wellsite safety incidents, improving efficiency and maximizing wellbore integrity, driven by realtime data and our deep application expertise.” I urge all existing and prospective shareholders to take a good look at their latest investor presentation. Here is a link:
https://www.mccoyglobal.com/wp-content/uploads/2022/04/McCoy-Investor-Presentation-March-2022.pdf I am sure you will be impressed, if not totally amazed. I was and am further impressed by MCB’s management on how they have guided the company through this long and difficult journey. I further believe you will want to add more MCB shares to your portfolio or purchase some if you don’t have some currently.
I feel MCB is building a new low trading base above $1.00 and should be well over $1.35 around May 17, 2022 when they report their 1
st quarter results. This should be drastically improved results when compared with 2021. Then, I see MCB shares hitting newer new highs throughout the balance of this year, closing out 2022 at between $1.85 and $2.00 per share.
It should be at least at those levels as I show it will have a net book value of $1.65 by 2022 year end. I believe the real book value is considerably higher than that. In fact, we could get an announcement anytime about a partnership or takeover deal for McCoy Global which should be for a minimum of $1.75 or a lot higher, I hope. The higher, the more fairer to us shareholders.
Stay tuned. Good luck to all existing and new shareholders in MCB.
Angles