I have some more numbers I can share.
CA consulting revenue (million $)
2016 71
2015 87
2014 75
Total 233
Which confirms my suspicion that between 170 and 200 was for the MegaFarm. So far. The rest went to PF1 + PF2.
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Advanced to Advanced to CA consulting revenue
suppliers developers
Q1 17 13.7 10.8 13.2
Q4 16 9.4 7.5 15.3
Q3 16 13.3 28.0 23.4
Q2 16 14.0 28.0 19.3
Q1 16 9.6 28.0 13.1
Q4 15 8.0 28.0 23.1
Q3 15 7.4 28.0 28.6
Q2 15 7.7 28.0 8.8
Q1 15 11.3 28.0 26.1
I can't detect a correlation between the 1st and the 3rd column. And the 2nd column doesn't tell me much (except that they did the carve-out in Q4).
What we can conclude I think, is that between $50M and $70M of pre-IPO money should suffice to triple the rate of construction. Three buildings per year instead of one. But they want to do this even faster.
And consultancy revenue will not go up by much, if three buildings cost $60M going forward. There will also be less work done for the other fish farms.
So I didn't learn much today