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Bullboard - Stock Discussion Forum Imaflex Inc. V.IFX

Alternate Symbol(s):  IFLXF

Imaflex Inc is focused on the development and manufacturing of innovative solutions for the flexible packaging space. The company develops and manufactures films for the agriculture industry. Its products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. It manufactures and sells industrial bags using recycled material, including garbage bags, compostable bags, gaylord bags and bags on rolls. It also specializes in the metalization of plastic film primarily for food packaging and agricultural mulches.

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New Press Release - Imaflex Announces Results of Annual General Meeting of Shareholders

MONTREAL, June 17, 2022 /CNW Telbec/ - Imaflex Inc. ("Imaflex" or the "Corporation") (TSXV: IFX), announces the results of its Virtual Annual General Meeting (the "Meeting"), held on June 16, 2022. At the Meeting, incumbent directors Joe Abbandonato, Tony Abbandonato, Michel Baril, Consolato...read article.

Stock being accumulated

Within 6 months we will see the fruits of this buying.  rate and reply

RE:Imaflex AG Film

Ag film is a growing market. Much less wastage and way more effective. It is the future of farming.  rate and reply

Imaflex AG Film

Hello, I found this company while reading Sedar reports. I think it is quite interesting. I bought 10,000 shares a couple weeks ago. I had watched their videos on youtube as well as other information...read more

Beacon BUY

IMAFLEX has a 67 per cent runway, Beacon says By Geordie Carragher Published on May 30, 2022 Last Updated on May 30, 2022 Filed under:   All posts, Analysts Stock:   ifx ...read more

Insider buy

75k at 1.19 exercised options. Good sign. See today's pr.  rate and reply

New Press Release - Imaflex Announces Grant of Options

MONTREAL, May 27, 2022 /CNW Telbec/ - Imaflex Inc. ("Imaflex" or the "Corporation") (TSXV: IFX), announces that it has granted a total of 300,000 stock options (the "Options") to an employee of the Corporation and one member of the Corporation's Board of Directors. The options are convertible...read article.

RE:I thought the numbers were excellent.

Same here, I think results were good too and they are investing for their future by upgrading/adding new equipment which is better than just sitting on the cash or doing M&A (where you don't...read more

I thought the numbers were excellent.

The revenue growth was great. They are investing in their future and I expect the remainder of the year to be even stronger.   This is typical of smaller growth industrial stocks. Their...read more

New Press Release - Imaflex Reports Strong Q1 2022 Results and Provides Business Update

Consistency and dependability of business model continues Q1 2022 HighlightsRevenues of $31.1 million, up 24.7% over Q1 2021Net income of $2.1 million ($0.04 cents per share1), up 6.7% from $2.0 million in prior yearLiquidity remains strong. Free cash flow2of $1.3 million, despite equipment...read article.

IFX Small Cap Discovery New Video

Imaflex (TSX.V: IFX) Update with VP John Ripplinger - YouTube  rate and reply

new equipment and financing

The interest rate of 4.89% for equipment financing is only given by banks ot their best customers as I work with the banking industry. Business must be really looing up. I predict the share price will...read more

RE:new equipment

I have been told the same as well ... for some reason the market doesn't care lol.  I have bid in to buy if it drops lower  rate and reply

new equipment

I have been told that the new equipment will add  about 20% more capacity and that the new machines will be used for the higher margin products.  rate and reply

RE:NR

Beacon's update from cantechletter.com including capacity expansion. By Geordie Carragher Published on April 25, 2022 Last Updated on April 25, 2022 Filed under:   All posts, Analysts...read more

RE:What is current capacity?

True.  We don't know if these are small or average sized machines. But I doubt they have say 100 extruders, so adding 3 is likely a significant increase in production capacity.  rate and reply

RE:RE:NR

From the Cantech report, it makes no sense to increase capacity without believing there will be a much more significant increase in revenues. Maybe it's for the Advaseal line?  "“On the...read more

What is current capacity?

They say they are increasing 12-15 million pounds but i don't think they've ever told us their production volume in pounds?  rate and reply

RE:NR

It would appear the Beacon analyst was not aware of the new equipment purchases. I expect he will issue updated guidance once he talks with management and runs his numbers. I wonder if this equipment...read more

NR

Looks like there's a significant increase in production coming with equipment running at full capacity by q2 2023. Hard to understand why the Beacon analyst noted low single digit rev growth over...read more