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CLI - CropLogic Limited

Discussion in 'Stocks 0-H' started by System, Aug 4, 2017.

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  1. willoneau

    willoneau

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    Hi Calmside, what sort of answer are you looking for?
    I have some CLI shares , what do you want to know?
     
  2. Calmside

    Calmside

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    It just seems like a really good investment at the moment but I don't know what I don't know I guess. I'm just unsure of where the dangers are here apart from those that usually apply to small caps. I suppose what I mean is that CLI looks too good at the current price so where's the catch on this one?
     
  3. willoneau

    willoneau

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    I carn't answer those questions Calmside, my system told me to buy it so I did.
    On what basis are you thinking it looks too good?
     
  4. willoneau

    willoneau

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    It sounds like you don't have a methodology to let you know if it is a good stock to buy or not?
    If you had reasons say to buy it and informed other here you might receive some peoples thoughts but no one will tell you buy it.
    People here in general help you to improve your trading/investing so you decide if you should buy, sell or do nothing.
     
    cynic and sptrawler like this.
  5. Calmside

    Calmside

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    Thanks. The reason for my interest was their announcement. I don't buy purely based on charts but by a company's financial situation and it was based more on that than anything else. I take it your a technical trader?I
    only use charts to time entry and exit to a certain extent. It is a very new company that had an unimpressive IPO but my feeling was that with their latest announcement it could go quite well. It has alto reversed it's original downward trend since January and is now up about 700% this year. The timing of the announcement was terrible with the recent market volitity though. It went down like a lot of others in the market but is back up 9.5% at time of writing today and still has another 12.5% to go from here. I was wondering what you thought of the deal they just signed that I linked to in the article?

    "Under the terms of the agreement, CropLogic’s wholly-owned subsidiary Logical Cropping LLC will supply biomass to Deschutes in weekly allotments from October, with payment for each allotment made in US dollars on delivery.

    Provided the deliveries are completed, the total supply contract value will be around A$15 million.

    CropLogic chief executive officer James Cooper-Jones said the Deschutes agreement puts the company on the hemp map and on target to achieve over $45 million in revenue from the 2019 growing season."

    Seeming as the company only has a market cap of 30.64M this deal alone should at least take the price above 10c I'd think. Your thoughts?
     
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  6. willoneau

    willoneau

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    Your correct I come from the TA side of trading and just noticed your question has been moved to the thread relating to that stock if you wish to read what others think of it?
     
  7. sptrawler

    sptrawler

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    That is the same with most share buys, to you it seems like a good investment, to someone else they think it is a sell.
    That's how the market works, for every buyer, there has to be a seller.
    Willoneau gave great advice.
    There are formula on the net, where you can input the details of a companies financials and it will give you an idea as to the viability. Check out Altman's z score
     
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  8. HelloU

    HelloU

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    hmmmm .... not on my list though
    anyway .....
     
  9. peter2

    peter2

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    The main risks for CLI are the same for all farmers, the weather.
     
  10. HelloU

    HelloU

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    escrow .......
    (some things never change - not sayin no substance - just some things never change)
     
  11. peter2

    peter2

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    CLI is due to report on their first hemp harvest 3/12/19. Their shares have been suspended for the past two weeks while they've produced their first harvest. I thought it was an unusual request for a trading halt then suspension. There must have been news either good or bad about the harvest that was readily apparent or they wouldn't have requested the suspension.

    The reputation or reliability of their CropLogic technology is on the line with this first cash crop.
     
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  12. frugal.rock

    frugal.rock "Time wait's for no man"

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    I smell a rat...
    Quite uncanny, the day after you posted, there's reports of hailstorms in the approximate vicinity of CLI's farm (locations vague).

    "Deschutes County Farm Bureau President Matt Cyrus, who also operates Triple C Farms, a hemp farm close to Sisters, estimates that 400-500 acres in between Cline Falls and Tumalo have been either broken or destroyed – amounting to an estimated $25 million in losses."

    https://topcbdgummies.com/2019/08/1...-farms-causes-potentially-millions-in-losses/

    If they did get damage, and didn't report to shareholders, umm mah.
    F.Rock
     
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  13. barney

    barney

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    Interesting … and well found;)

    Hopefully the Suspension doesn't end with the old classic "The Carnival is Over":eek:
     
  14. Austwide

    Austwide

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    I don't think CLI grow hemp as a product, rather to try varying harvesting and processing methods.
    They tend to be focused on the technology side.
    Their crop was only 15 acres or so.
     
  15. frugal.rock

    frugal.rock "Time wait's for no man"

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    This part of your post appears to me as disinformation. Honest blue is it?

    ASX release,
    "16 July 2019
    Planting Successfully Completed at Central Oregon Hemp Trial Farm
    Highlights
    • Planting completed at 500 acre CBD producing Hemp Trial Farm
    • Two Stages Completed Successfully
    • Third Stage – Growth, Maintenance & Management Underway
    • Showcasing CropLogic agronomy and agtech expertise"

    From memory, they started with a smaller figure (50 acre's by memory?- not fact checked but somewhat irrelevant now) and went to 500 acres before planting.
    There's no better way to showcase their knowledge and tech than producing a bumper crop of hemp.
    Further, to date, there's no information to indicate that they haven't produced a bumper crop.
    F.Rock
     
    Last edited: Dec 4, 2019
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  16. Austwide

    Austwide

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    I had a quick look at this a few months ago and only read the 21/10/19 announcement Hemp Trial Farm Harvest Update.
    I didn't have much interest in it and that was it.
    Having read the ASX release you referred to, I see there is a lot more to CLI than I initially believed.
     
  17. Clansman

    Clansman

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    Maybe little more than a quick look is required next time. Just a lazy 485 acre error....
     
  18. peter2

    peter2

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    Thanks to @frugal.rock for cleaning up that mess. Yes, there is more substance to the CLI company. However they're having a hard time showing it. Their irrigation tech does help produce better yielding crops as demonstrated in fruit and veg in Aust and some US states.

    CLI decided to try to expand sales to the latest fashionable crop, hemp. Oregon is one of the larger hemp producers in the US and CLI thought they could sell their tech there. Along the way, CLI thought it might be better if they grew a hemp crop using their tech to show the improvements that their tech could deliver. They thought their tech would help them produce the best hemp crop in Oregon and the whole state would then buy their tech.

    This decision meant raising capital for the land, seeds and harvesting equipment. The company invested a lot to become a farmer and the rewards for doing a better job than the rest of the state were huge. Where there's big rewards there's big risk.

    In Aug there were huge storms and many hemp crops in Oregon were ruined. No news about the storms or news of any damage to the CLI crops from CLI. Strange that.

    CLI is now well into harvesting and preparing their harvest for the markets they're selling to. No news, in fact, they requested a two week suspension. Very strange for a farmer. Now after two weeks, still no news. They've requested another two weeks suspension.

    Farming is an activity very much like trading. You can do all the right things but that doesn't guarantee you'll get a bumper crop or a winning trade.
     
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  19. HelloU

    HelloU

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    hey, too smoky here for boating
    I did not see peeps trying to build a great business to leave as a on-going legacy - that does not mean they will not be successful of course - but those were my niggles - notwithstanding the whole farmer risks.

    Not wearing any pants here - and the whole wardrobe is pretty empty anyway.

    See ya.
     
  20. frugal.rock

    frugal.rock "Time wait's for no man"

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    There's no indication of anything to support the show is over, or that the "generously proportioned" lady has sung. (politically corrected term...)
    In their financial report, they have stated that their cash crop asset value was $5 million, with the clarification of rather than trying to put a true value on it, they put the cost value on it. I like it when companies err on the lower side of values, in this case the bar has been set very low.
    The purchase order they have, was representative of approximately 30% of the anticipated crop or ~ $15 million.
    Their financial report to the end of September Q, doesn't represent any income from the farming activities, as you would expect, and by itself, doesn't look too worrying.
    I am looking at the scenario "no news is good news" as I could imagine it's all hands on deck processing the crop.
    If they have managed to produce and sold even half of a crop, that still puts them receiving $25 million. Well in front.
    I don't hold anymore, took a loss after their recent highs after some in and out profits since May.
    However, if an opportunity arises when they lift the voluntary suspension, I will have a go.
    Somehow, I think a "gap up" may occur on opening, as suggested in previous posts by others.
    F.Rock
     
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