|From: Jimjones1972 (Rep: 3) reply to Jimjones1972||Date: 02/15/2017 17:07|
|Forum: Mining and Commodities Eh! - Msg #5737 - List SNF.V msgs ||Thread #673806379 (Rec: 0) |
|With the approval of CETA today (Trade agreement between Canada and the European Union), Sunora Foods will no longer have any obstacles entering any of the European countries if they so choose to. Management has been opposed to Europe for years because of the very high tariffs and other trade barriers. These will soon cease to exist, thus giving the company more potential customers around the world. |
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Canada’s agricultural exports to the EU totalled an annual average of $2.5 billion between 2011 and 2013, led by wheat, soybeans and other oilseeds, canola oil, frozen fruits and maple syrup. Canadian agricultural exports to the EU currently face high tariff rates, with average EU agricultural tariffs of 13.9 percent.
| Reply to Jimjones1972 - Msg #5735 - 02/08/2017 20:18|
SNF Yearly Revenue/Profit Comparison From 2014-2016
2014: Revenue - $13.2M & Net Income - $189K
2015: Revenue - $10.8M & Net Income - $502K (Co-packer issue started in Q4 2015 that hurt sales)
2016: Revenue - $12.3M & Net Income - $350K ( Co-packer issue did not end until Q3 2016)
(Note – 2016 is an estimate based on Q3 results, added with the news release announced today)
2014: Cash - $1.78M – Total Assets - $4.14M – Total Liabilities - $1.07M
2015: Cash - $2.62M – Total Assets - $4.22M – Total Liabilities - $548K
2016: Cash - $3.1M – Total Assets - $5.24M – Total Liabilities - $1.3M (These are Q3 results, not including Q4)
Keep in mind that the CEO owns 52% of the common shares. A Chinese investment group owns 19% of the common shares, so that leaves 29% or 12,253,756 shares held by retail investors.
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