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CBR - Carbon Revolution

Discussion in 'Stocks 0-H' started by So_Cynical, Nov 9, 2019.

  1. So_Cynical

    So_Cynical The Contrarian Averager

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    Carbon Revolution will list in late November 2019, i can't find a prospectus because the IPO managers had a very easy time finding clients to take the few shares available at the top end of the range $2.60, two listed LICs have holdings ACQ Acorn Capital have been in since 2015 and TEK Thorney Technology since the IPO, both stocks have had a recent rise with the upwards revaluation of CBR.

    CBR make Carbon fibre wheels for expensive cars etc and they are the only company in the world doing it, they hold some technology patients, overall a very interesting company and a rare genuine success story with strong revenue growth and a growing high end market, Share price could jump quite a bit on the first few days of trade, perhaps one of those rare opportunity where its best to just buy at market early on day one.

    https://www.carbonrev.com/
     
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  2. Miner

    Miner

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    Time to buy Ferrari now :)
     
  3. So_Cynical

    So_Cynical The Contrarian Averager

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    New video released last week.
    ~

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    Serious cash burn going on but is supposed to be operationally profitable some time early 2021.
     
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  4. Dona Ferentes

    Dona Ferentes

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    CEO Jake Dingle said it was ''encouraging'' that Carbon Revolution was trading at a robust premium ...to the issue price of $2.60 (listed 29 Nov). And holding up well, now $4.05
    Mr Dingle declined to give a monthly rundown on production numbers of the carbon fibre wheels manufactured at a plant on a campus of Deakin University in suburban Geelong, but said the group was on target for annualised capacity of almost 32,000 wheels by June 2020. "We're currently on track for that,'' he said.

    Carbon Revolution's high-performance wheels are about 40 per cent lighter than normal wheels and its $90 million float was undertaken to raise funds to substantially lift production capability. The group supplies wheels to carmakers including Ford, Ferrari and Renault...

    Carbon Revolution pays an annual rent of $800,000. Deakin, which owns a 6.6 per cent stake in Carbon Revolution, is one of the biggest shareholders in the company. Deakin has been integral to the company's development through the university's materials science research and development arm.

    Carbon Revolution is also developing carbon fibre wheels for aircraft that are 30 per cent ligher than the current forged aluminium wheels used in aviation. The latest leasehold deal for the factory was signed in 2018 and stretches for 10 years. There is a right to renew for a further two five-year terms beyond that.

    About 85 per cent of Deakin University's 6.6 per cent stake is under voluntary escrow until December 1, 2020. Deakin University chief financial officer Kerrie Parker said there was a long-standing relationship between the two, but she bypassed questions about the specific intentions for the stake beyond the escrow period. Ms Parker said: "Carbon Revolution has been, and continues to be, a great partner to Deakin, as we have been to Carbon Revolution. "We have a long history and ongoing commitment with them, and we’re excited about the successful IPO and the long-term prospects for this Geelong success story.''

    The Victorian government has a 4.3 per cent stake in Carbon Revolution following the conversion of convertible notes. That holding is under a mandatory escrow period ending in the second half of 2020.

    https://www.afr.com/companies/trans...s-to-be-like-csl-and-cochlear-20191203-p53g9d

    I notice Mirrabooka (MIR) has a stake - probably bought in at the IPO
     
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  5. Dona Ferentes

    Dona Ferentes

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    Tuesday, potential bidders into the Carbon Revolution equity raising have been told the offer had been repriced down to $1.50 a share, to raise a minimum of $25 million. The company initially set out to raise $30 million at $2.10 a share.
    - bit of a bellwether in the current climate
     
  6. So_Cynical

    So_Cynical The Contrarian Averager

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    Hell of a time to raise money, all the other cap raisings have been pulled, was a feature of the GFC though.
     
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