Verde Agritech Ltd T.NPK

Alternate Symbol(s): VNPKF

Chemicals Basic Materials

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.

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Verde Agritech Ltd > Range of Q2 Production estimates

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Comment by Ciaoon Aug 16, 2021 12:23pm

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Post# 33710351

RE:RE:RE:Range of Q2 Production estimates

Hi Stan,

It's a good thing you're an accountant, and you can interpret this as it appears they cannot carry forward any losses;

The Group companies in Brazil are currently under “presumed profits” method, which is the most efficient method at this time. Under “presumed profits” method, it is not possible to utilise prior period losses to reduce corporation tax. When the Group switches to “actual profits” method, these losses can be utilised

Regards,
Ciao

15Stanmore wrote:

Ciao wrote:
Hi Stan, Did you work out any EPS numbers to the production projections? Thanks

Hello Ciao,

My full year model previously shared with 4 scenarios show an EPS from 15 cents to 28 cents, assuming income taxes are reduced significantly by application of prior loss carry forward deductions. A 15 cent EPS makes a $2 share price at 13 times earnings. At 28 cents, the $2 share price is at 7 times earning, hence my growing confidence for getting to a $2 share price by year end, and increasing from there as the results continue to grow.

Cheers,

S.