Blumetric Environmental Inc V.BLM

Alternate Symbol(s): BLMWF

Industrials Pollution & Treatment Controls

BluMetric Environmental Inc. is a Canada-based environmental consulting and engineering cleantech company. The Company provides end-to-end solutions in environmental geosciences and engineering, industrial hygiene, occupational health and safety, water and wastewater treatment, and environmental contracting and management. Its products include Reverse Osmosis Water Purification Unit (ROWPU), Advanced Sub-Unit Water Purification System (ASUWPS), Mobile Wastewater Treatment Plant (MWWTP), Shipboard Reverse Osmosis Desalination (SROD), Shipboard Oily Water Separator (SOWS) and Portable Water Purification System (PWPS). The Company provides complete solutions to challenges such as water purification, protecting environments, and ensuring health and safety for industrial/commercial, mining, government, and military clients. The Company serves customers in many industrial sectors, and at all levels of government, both domestically and internationally.

TSXV:BLM - Post by User

Blumetric Environmental Inc > Upside to $2 by exit 2021

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Comment by BCdudeon Jun 12, 2021 2:06pm

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Post# 33377993

RE:Upside to $2 by exit 2021

That is certainly very achievable if they can continue growing the business. Tight share structure will be very beneficial to such a scenario unfolding.

nozzpack wrote:
Blumetric is seeing growth across all its sectors .

And its financial metrics are showing the resukts.
Gross margins are now at 20% and revenue growth is above 75%.

Net margins are way up, resulting in net earnings of $0.04 per share in its most recent quarter.

Cash is also rapidly increasing , now at $5.4 m.

The company also entered into a new lending agreement with its financial institution, which will result in significant savings on borrowing costs.

An existing term loan was replaced by a new term loan bearing interest at 3.28 per cent, compared with an effective interest rate of 14 per cent on the previous term loan.
This will also contribute to savings, even tho debt is very modest.

And in the sweet spot of a strong sector .

Combining scorching growth with increases in all of its financial metrics, a fair value of $2 per share on 12.5 times 2021 net earnings is how I see our exit at 2021