BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

NYSE:BFK - Post by User

BLACKROCK Municipal Income TRUST

Bullboard Posts

Comment by BUYING4MEon Oct 26, 2018 8:55am

122 Views

Post# 28876544

RE:HEXO share price estimate...v2

How can revenue per gram be $9.26 when they're selling 3.5g for $20 in Quebec ($5.7g), and this includes taxes and profit for the SDQC? Check out HELIOS.

Also, first year contract is 20,000KG... but that's minor compared to the $9.26 a gram dream

Reven

anm10M wrote:
Updating my previous post based on the latest results:

HEXO has a signed deal with the province of Quebec to supply 200 000Kg for a a period of 5 years...estimate value is 1 billion

avg cost of production is $0.90/gram

Revenue per gram...$9.26/gr

HEXO has 182M shares outstanding

So if we average out the produciton over 5 years, that's 40 000Kg/yr (40M grams/yr)

Revenue = 40M x $9.26 = 370.4M
Cost of production = 40M x 0.90 = 36M
Est earnings= 334.4.8M
Est EPS = 334.4M / 182M = $1.84 / share

Using a conservative EPS multiple of 15, you would get $27.60 / share.

This does not include any other sales or JV...jsut trying to set a minimum baseline from what is already known/signed.

What am I missing here???? Seems HEXO is severly undervalued.

I welcome anyone's input/correction to the above.