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Vert Infrastructure Ltd CRXPF

Vert Infrastructure Ltd is engaged in the business of branding, investing, constructing, owning and leasing infrastructure for specialty agricultural businesses.


GREY:CRXPF - Post by User

Post by RidernationBraon Jul 05, 2019 5:37pm
92 Views
Post# 29891069

A comparison - Chronos

A comparison - ChronosCRON is a stock I wish I entered. It's really taken off and looks to be a good company. On February 12, 2016 they were trading at .21 and flatlining. I think this is a pretty good value comparison b/w CROP and CRON. There are a number of indicators what a stock trades at. One of them, and probably most important, revenue. CRON reported revenues in 2018 at 17,145,000, up from 4,082,000 in 2017. CROP has two supply agreements totally approximately sub $57,000,000 in revenues by next filing. Plus their other properties. Cash is another indicator. Cash is king. CRON reported $32,634,000 in cash, whereas CROP reported $5,661,994. Both positive. Both have similar receivables at $15m +-$2m. What's interesting to me is CRONs cash compared to assets is 12.5%. CROPs is 23.2%. What this says to me is that CROP has more flexibility to grow even further. Comparatively, when CRON was CROPs share size, they reported $3,464,208, with double the assets but more debt. They carried $500,000 in revenue, but it cost them $2,000,000 to get to that number. Operating loss. Another biggie. Crop has an operating loss of $15,506,286. Still just beginning. CRON has an operating loss of $18,108,000, taking up their entire revenue stream. CROP has a greater cash ratio than CRON. They have similar losses and similar A/R. The revenues set them apart, but starting next year this will change. It took less than three years for CRON to hit $20.00 from 0.21. CROP has better numbers than CRON and will not suffer the operating loss that these companies face... they sub-contract the operating cost to their tenants. Reaching CRON's levels is achievable. Just need a little patience.
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