Comment by 15Stanmoreon Dec 15, 2024 5:06pm

28 Views
Post# 36363342
RE:RE:RE:RE:PLAN Operating Results Analysis
RE:RE:RE:RE:PLAN Operating Results AnalysisHello Ciao,
My deconstruction of PLAN's existing operations was undertaken in order to arrive at a reasonable valuation analysis to support our accumulation of shares at the recent lows (below NBV of around $0.12 per share). What is the real value of PLAN as an existing operating entity, without giving any value to their IP pipeline and industry changing projects.
Based on the trend proven out over the last 5 quarters,I have been encouraged by Management's focus on the core business, with the resulting $830,000 Q1 Operating Profit. The fact that this then grew to $1,627,000 in Q2 (for a 6 month YTD figure of $2,457,000 profit on $10 million of top line sales) shows they are getting the core business functioning at the required efficiency and margin. With additional capital investment in automation and capacity growth, I see enough momentum to warrant adding to our PLAN holdings, which we have been doing over the last 5 months.
I agree the bluesky potential for the Company will be driven by one of its sement industry initiatives.The pilot plant is, I believe, a proof of concept to demonstrate to potential licencees of the processing facilities they will need to build to feed their local cement requirements. Getting this built without issuing additional share capital at current valuations is an objective I very much support. The BC manufacturing jobs fund looks to be an ideal source to acquire a significant part of the capital required to move this, and other projects ahead.