FormerXBC Inc XEBEQ

Takeover bid > So cheap > When ? Coming weeks ?

[SunnyTimes]

Coming weeks?

Very attractive strategy !!

• Capitalizing on large addressable markets in renewable natural gas (USD$42 billion¹), carbon capture & sequestration (USD$27 billion²) and the upcoming hydrogen economy (USD$2.5 trillion³)
• Adding U.S. renewable natural gas manufacturing and sales base with a focus on small-scale agriculture applications and paired with a significant ramp up in annual Biostream production run rate (from 4 units in 2020 to over 100 units targeted in FY2024)
• Going global with hydrogen business supported by target industrial customers as demand from the hydrogen mobility sector ramps up and further accelerated with a target of 20–25 decentralized hydrogen production hubs by FY2024
• Expanding our Pressure Swing Adsorption (“PSA”) and compression technologies for Carbon Capture Utilization and Storage (“CCUS”) to reduce the carbon intensity of both our Cleantech Systems and to enter new markets in CO2 source capture and transportation
• Introducing XBC Flow Services as a unified brand to encompass the U.S. Cleantech Service Network, industrial product sales & distribution, and targeting CAD$150+ million in global segment revenues by FY2024
• Building on strong partnerships in North America and China to support OEM growth and create long-term value
• Invest in new clean technologies to help drive new business models by our fiscal year ended December 31, 2025 and beyond with a target of 2%–3% per year of revenues earmarked for R&D until FY2024
• Financial goals of CAD$300–$350 million in revenues and adjusted EBITDA margin (non-IFRS) of 8%–10% in FY2024, representing up to 40% revenue CAGR and an improvement in adjusted EBITDA margin (non-IFRS) from (7%) for our fiscal year ended December 31, 2021

[Ciao]

That's a compelling case. And the valuation is cheap at just over book value. An opportunistic bid may come. Cheap assets will only be so cheap for so long. The $143M contract with SCS for CCUS definitely attracts more attention given the profile of SCS with world's largest CCUS project so far. Kurt will no longer be a board member as of May 13th and will have no official duties with the

[ZouZS3]

how much do you think could be offered ?

[kulewater]

Interesting that his ownership is close to what the short interest is.  Kurt will no longer be a board member as of May 13th and will have no official duties with the company. Holding 7M shares to which he has no influence over the company, he may shop them around or someone could be knocking on his door.   Curious?  

[SunnyTimes]

Let say takeover bid Xebec starts around $10. A simplified calculation: Assume revenues 2025 Plug Power is 9 times revenues Xebec. Market cap. PP is 13,2B , then Xebec 13,2 / 9 = 1,5B But current market cap. Xebec is just 0,35B. Of course there are more hidden values...

[filoux004]

Can't stop laughing...

[SunnyTimes]

shorter  ;-))

[SunnyTimes]

By the way: Revenues 2025 PP was announced by PP. Revenues 2025 Xebec is an extrapolation of published goal 2024 (minus cad/usd)