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Teal Valley T.TV


Primary Symbol: P.TEAL

Teal is a Canadian, pharmaceutical & NHP manufacturer selling to Canada’s national, chain drug stores, presently expanding its portfolio to include cannabinoid-based products utilizing proprietary formulations & extractions for both the global Rx & recreational markets.


P.TEAL - Post by User

Bullboard Posts
Comment by LuvtoInveston Jan 22, 2018 1:59pm
142 Views
Post# 27409742

RE:Accounting

RE:AccountingFirecracker74, you are actually underestimating the Q4 revenue. 

In my earlier calculation, I had estimated a revenue of US$193.5M from ongoing operations. Based on a change in assumption (FG inventory at Rosh Pinah & Perkoa is now assumed to be equal to 10 days production equivalent), I revise this figure to US$191.85M.

In addition, approx 65.270M payable lbs of acquired inventory @ US$1.4253/lb (lme price as on 31st Aug 2017, which was the acquisition date) would have sold for US$95.75M (assuming it was sold at av. Price of zinc for Q4).

Therefore total estimated revenue for Q4 (ongoing operations + trading activity) should be around US$287.6M.

However, though this trading activity will substantially affect the top line & cash in hand, it will have very little impact on net income after taxes (impact will be approx US$1.9M only).

Would welcome your comments.
Bullboard Posts