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Avecho Biotechnology Ltd V.AVE


Primary Symbol: AVEFF

Avecho Biotechnology Limited is an Australia-based biopharmaceutical company. The Company develops and commercializes human and animal health products using its drug delivery system called Tocopheryl Phosphate Mixture (TPM). TPM is derived from vitamin E using patented processes. The Company's segments include Production and Human Health. The Production segment manufactures and sells TPM and Vital ET for use in drug delivery and cosmetic formulations. The Human Health portfolio covers delivery of pharmaceutical products through gels, injectables and patches, including conduct of research and development activities. The Company's products pipeline includes Weaner Pig Starter TPM Premix, Poultry TPM Premix, Dairy TPM Premix, Daptomycin, Propofol and Veterinary Applications. The Company is also developing TPM to enhance feed efficiency and the health of livestock. Its TPM products are commercialized under license: Voveran TPM Gel, Instanac TPM Gel, Vital ET, and Ashland TPM.


OTCPK:AVEFF - Post by User

Bullboard Posts
Post by 93Darkhorse93on Sep 02, 2017 2:26am
306 Views
Post# 26650110

Worth a 1.80/Share Based on Recent RigMinder Acquisition…

Worth a 1.80/Share Based on Recent RigMinder Acquisition…I found it real interesting looking through the Trinidad Drilling acquisition of RigMinder for 52M CAD all in.  Given they had the confidence to make this deal this should be the base valuation assessed to oilfield service names.  Granted the margin profile is a higher than Aveda but the base operating business and client base would be the same. It still is an oil field service name, they paid;
 
7x EBITDA and 5.0x Sales 
 
I project Revenues of 200M and 28M in EBITDA for Aveda in 2018. Given a targeted EBITDA margin in the long run of 20% pulled all through gross margin improvement from reduced usage of third party contractors and pricing improvement just assigning half the value that Trinidad paid on an EBITDA figure (3.5x EBITDA) gets you to 1.80/share.
 
That is 300% upside!!!
 
On a side note; I thought it was very telling that rig count didn’t drop this week, given the market conditions could not of been worse with the hurricane in Texas yet they keep pumping!!!

We are going to make another run to 0.60/share (Traded there not even 2 weeks ago) in a real hurry as all the short-term traders have finally moved on.

Very telling to see all the new names on this board, it was very quiet with myself, Zadman and Tadjames on the board…
 

LONG

Bullboard Posts