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Bullboard - Stock Discussion Forum McCoy Global Inc T.MCB

Alternate Symbol(s):  MCCRF

McCoy Global Inc. is a Canada-based provider of technologies and equipment designed to support tubular running operations, wellbore integrity, and assist with collecting critical data for the global energy industry. It is focused on well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry... see more

TSX:MCB - Post Discussion

McCoy Global Inc > McCoy Global well on track!
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Post by Angles on Apr 18, 2022 8:43pm

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 1st 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
Comment by investboy8 on Apr 21, 2022 8:47am
Thanks for your post and optimism. That said, if this company was going to do $100m in revenue in 2024, then they should cancel the strategic review process -- why sell now?
Comment by Angles on Apr 21, 2022 10:54am
The strategic review was put in place by the board to seek alternatives to enhance shareholder value, NOT that they need it to survive, complete their capital smart program or hit the $100 million sales mark in 2024 with very large profits. In fact, MCB has worked very hard over the past number of years to "right size" the company for this plan and to be able to achieve its full long ...more  
Comment by investboy8 on Apr 21, 2022 11:51am
Thanks for the post and added color. Assuming the company continues to perform and expand and the stock does not -- maybe one of the things they do out of the strategic review is conduct a dutch offering or accelerated buyback of sorts.  Good news is wind is at the company's back now. I think despite all the desire for clean fuels, oil is here to stay for a long time and MCB should ...more  
Comment by Possibleidiot01 on Apr 22, 2022 12:39pm
On June the 2nd last year , they announced a strategic review - the day after  the stock was 80 cents ....... let's review the past year - the price of oil and natural gas soars , moe wells being drilled. more wear and tear on existing equipment. Now it's $1.05 a share which is a small increase compared to Ensign Resources. Precision Drilling, Pason Systems etc which might make sense ...more