Australian (ASX) Stock Market Forum

MCO - Myeco Group

Jump to new
Y

yogi-in-oz

Joined
6 November 2005
Posts
915
Reactions
0
:)

Hi folks,

Saddled-up CNN for this week, in shares contest ... it has
been in decline, since the highs in 1997 ... just announced
a new capital-raising with free option, ahead of a new
IPO, spinning off some of their assets .....

..... off its lows today ..... :)

Attached CNN chart says it all ..... !~!

happy trading

yogi

:)
 

Attachments

  • CNNupdate12052006.pdf
    65.5 KB · Views: 15
Re: CNN - Cardia Technologies

:)

Hi folks,

CNN ..... up 56+% today ..... hope some of
you got on board ..... :)

happy days

yogi

:)
 
Re: CNN - Cardia Technologies

:)

Hi folks,

..... and CNN finished the week up 39% ... a good
performance in the face of a seriously negative
market, overall ..... :)

happy days

yogi

:)
 
Re: CNN - Cardia Technologies

CNN popped up on my scan yesterday (about 6mths too late). Impressive 12mth chart and excellent volume over past three days (1.7m/3.4m/8m+). No doubt in anticipation of a uranium licence being granted very soon in Botswana.

Since Sept06 CNN has risen from 2.5c to it's current high of 19c today... :eek: Has some other diversified investments also and recently sold their interest in A-Cap Resources for $4.9m (a $4.3m profit!!).

Anyone else watching these guys? I guess if you were clever/lucky enough to have a decent chunk of change in since last year you would be kicking back in the Bahamas by now and not ready this!! :p:
 
Re: CNN - Cardia Technologies

I am in today. $850 worth. Reason: too speculative as if they don't get license you can lose 1/2 your capital.
 
Re: CNN - Cardia Technologies

Any thoughts on prospects for CNN? Seems like a good technology, new contract of $500k ...
 
On April 22nd, 2015, Cardio Bioplastics Limited (CNN) changed its name and ASX code to SECOS Group Ltd (SES).
 
not much interest in SES. Probably for good reason, though directors are buying and it is a GREEN choice.

Ongoing Developments:
- Several bioplastic resin qualification trials are progressing and are expected to lead to further orders as plastic converters move to switch production to bioplastics to supply customer demands. Some of these trials, if successful will include applications for major international brands;
- SECOS is in discussion with a number of Australian brands who are signatories to the Australian Packaging Covenant and National Packaging Targets. These targets require companies to change any single use plastic packaging to either 100% reusable, recyclable or compostable packaging by 2025.
- The development of a new compostable cast film application is progressing well and will expand opportunities into the hygiene market such as diapers, pads and medical film and flow wrap applications;
- Continued investment in R&D to develop new resin and film grades aimed at catering for emerging market demands for bioplastic applications; and
- Investment in Courier bag production assets underway with trials for compostable courier bags progressing to final stage development.

Our local council distributes compostable bags for food waste. Great idea? They don't seem too strong and, besides, the habits of residents leaves a lot to be desired. Unless 100% get involved, its pointless.

There must be a number of competitors out there. Stiffer grade material is needed for the "Compostable Bin Liner and Compostable Carry Bag market, where machine speed is important to converters and mechanical properties that support bag loading is an important feature, for consumers and retailers alike."
 
someone is either ambitious and positioning the company for the future, or hasn't looked out the window recently; Secos has gone to a Trading Halt to raise capital by way of a share placement.

SECOS Group is focused on leveraging its expertise and positioning in its target markets of Films & Packaging and Waste Management Solutions. It has sales offices in Australia, Malaysia, China and USA and network of leading distribution across USA, Asia and Europe.
Click to expand...
upload_2020-3-23_13-37-48.png
 
Likely pop at open. Finally the possibility of scale (a slow build)

Highlights:
- Woolworths selects SECOS to supply two certified compostable bin liners into their stores - 8L Kitchen Caddy Bag and 36L Bin Liner.
- Initial rollout will begin in July with 86 Eco Stores and a view to expand supply through the broader Woolworths retail network
-The availability of SECOS’ compostable bags via Woolworths stores will give households participating in approved council food organic waste programs the option to dispose of the bags and food waste in their green waste bin
- The acceptance by Woolworths together with a long list of government Councils requiring the use of SECOS’ compostable bag range further validates the Company’s reputation as a leader in sustainable and environmental products
- Volumes will be subject to instore sales however current demand for compostable bags via retail chains suggest good sales growth for this market.
- SECOS sees InStore products as a new market for its branded MyEcoBag and MyEcoPet line of products.
 
• SECOS secures a significant strategic supply contract with leading United States pet supply company, JC USA Inc a wholly owned subsidiary of Jewett-Cameron Trading Company Limited (NASDAQ Code: JCTCF). The contract is for the supply of compostable pet waste bags made from Cardia™ proprietary biopolymer resins.
• The contract and initial orders support sales of circa $3m annually, with upside potential as Jewett-Cameron grows its market reach and consequent compostable pet waste bag sales.

this seems to be the pattern, of getting initial orders.... whether it grows to being significant to SES remains to be seen.
- cost. Usually higher, then is a consumer decision to buy. Some will (inner city dog owners?)
- competition. I doubt this is uniquely proprietorial.
- mandated. Will authorities specify that plastic not be used, leaving this as the choice

upload_2020-8-10_10-34-18.png
 
kicking myself about not buying Secos when it came to my attention (late last year).
The caution then:
1. was it a unique proposition and was the moat sufficient?
2. most of the contracts gained were 'around the edges'; the occasional council, or niche player.
3. the cost per unit to end users = consumers would introduce 'sticker shock'. Uptake would languish
4. and despite the best interests of a concerned community, these eco initiatives have come and gone before (unbleached bog rolls; hemp bags?)

Since the WOW contract in July, others have been logged; with a large US pet company signing on to give a further boost. And it isn't only bags; biofilm as part of a composite (nappies, healthcare, PPE) is actually 50% of their market. Global production is split 55% for biodegradable / compostable products versus 45% for bio-based non-biodegradable products.

Again, the Europeans are setting the pace with mandated targets for plastics control (and related carbon emissions). Regulations will only increase:
While the major displacement of oil demand in the transport sector has yet to materialize as EV penetration has been slower than major projections estimated, the crusade against plastics has begun and will only intensify in the coming years. This would mean more initiatives for banning single-use plastics and more regulation in place for plastics recycling. Without regulation, the crusade will fail. According to Carbon Tracker, however, it will win, not least because of problems inherent in the plastics industry.
Click to expand...
...Plastics impose a massive untaxed externality upon society which this report estimates is about $1,000 per tonne ($350bn a year) from carbon dioxide, health costs, collection costs, and ocean pollution, the report authors wrote, adding that these can be mitigated through recycling, replacing with alternative materials, and improving the design and regulation.
Click to expand...
https://carbontracker.org/oil-industry-betting-future-on-shaky-plastics-as-world-battles-waste/

I don't think Secos is the only solution, but the tailwinds are there.
Market cap now $80million; management and board have 28%. and margins are running at 80%
upload_2020-9-8_9-14-20.png
 
Happens on lots of stocks everyday, buyer wants to buy and knows he will get in first at a lower than his bid price. Check out some stocks pre open and you will see.
 
From https://themarketherald.com.au/seco...m-to-support-production-expansion-2020-09-09/

Pleasingly, the placement was oversubscribed and received strong support from leading institutions as well as existing shareholders and institutional investors.

​
I'm a SES holder through Interactive Brokers since a long time but have not received any message or way how I could have signed for additional shares. Shouldn't IB have given me such option?
 
• December quarter sales expected to be in the range between $7.3 to $7.8 million (subject to final shipping schedules) compared to September quarter sales of $5.8 million, an increase of 26% over previous quarter and 35% over the December quarter last year.
• SECOS successfully wins tender contract for existing customer, Penrith City Council valued at over $3 million over the next three years plus additional contract extensions totaling $2 million over a two-year period.
• Lucky Dog compostable pet bag orders commenced delivery in the current quarter as announced on 10th August 2020. Jewett-Cameron Corporation (USA) expected to exceed the minimum contracted amount of $3.0 million per annum.
• SECOS has committed to the purchase and installation of an additional compostable resin manufacturing line in its Malaysian plant in response to growing resin sales into the Americas and Australasia.
• SECOS develops new compostable bioresin grade which is more suited to replace conventional plastic carry bags which are commonly sold or given away by supermarkets.
• Initial sales of newly developed compostable Cast-Film Magazine Wrap secured with formulation work continuing to expand Cast-Film applications to compostable hygiene film commonly used for diaper and FemCare applications
 
Top