GREY:XEBEQ - Post by User
Post by
tamaracktopon Mar 27, 2022 10:58pm
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Post# 34550664
Remember this? Not much more than a year ago..
Remember this? Not much more than a year ago..TD Investment Conclusion:
Based on its transformative acquisition of a hydrogen production platform, its increased market capitalization, and its upcoming move to the TSX, we believe that Xebec is well-positioned to experience increased funds flow and re-rate from a valuation perspective. Specifically, we believe that Xebec checks several boxes for growth-oriented investors, including: environmentally-focused trends that underpin its growth, strong insider ownership (CEO: ~5%), a track-record of successful project execution, including full-cycle service, profitability, and a preferential portfolio of technologies that sets it apart. Although a presumption of future growth is reflected in Xebec’s forward-year valuation multiples, we believe that our NAV calculation better reflects the intrinsic value and implies a much higher valuation. As a result, we are resuming coverage on Xebec Adsorption Inc. (XBC-V) with a BUY rating and $12.50 target price.
December 31, 2020
And what's his target now???