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Mission Newenergy Limited (MNELF)

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Last Post: 10/3/2018 3:58:13 PM - Followers: 33 - Board type: Free - Posts Today: 0

Company Background
Mission NewEnergy Limited (Mission NewEnergy) is a producer of biodiesel that integrates biodiesel feedstock cultivation, biodiesel production and wholesale biodiesel distribution. The Company has three segments: biodiesel refining in Malaysia; jatropha in India, and power generation in India. Its biodiesel production facilities are comprised of two separate transesterification refineries that convert feedstock oil to biodiesel located at Port Kuantan, Malaysia. Its feedstock business is engaged in growing and selling jatropha saplings from its nurseries to contract farmers. Mission NewEnergy has two wind mills, which had generated and delivered 6,082,344 kilowatt hour of total electricity as of June 30, 2011. The electricity is supplied to the Maharashtra State Electricity Distribution Company Limited under a power purchase agreement that expires in 2021. In April 2011, the Company conducted its initial public offering in the United States and listed on the NASDAQ Global Market.

Mission NewEnergy Limited is a global provider of sustainable, renewable energy. Operating in Asia, India, Australia, Europe and North America, Mission NewEnergy is a biodiesel producer and one of the world's largest Jatropha plantation companies.  At full capacity we can produce 105 million gallons of biodiesel and have over 234,000 acres of plantation representing a sustainable non-edible oil supply of an estimated 27 million barrels. Jatropha Curcas, an inedible biofuel feedstock, is being cultivated by Mission's contract farmers on arid, marginal lands.  Through the realization of Jatropha by-product value Mission is working towards a zero cost of sustainable non-edible fuel source. To learn more, visit .

Share Sturcture
OS: 8.63M shares
Float: 4.79M

2011 Q3:

Total revenue up 297% over same period last year to $18.1 million
Net profit up 269% over same period last year to $8.4 million
Buyback of $15 million 2012 convertible note debt
Subiaco Western Australia, November 10, 2011 -- Mission NewEnergy Limited (Nasdaq: MNEL, ASX:MBT), a global provider of environmentally sustainable biofuels, today announced its unaudited financial results for the first quarter of the 2012 fiscal year, ended September 30, 2011.
"We are delighted to kick off the fiscal year with a strong financial quarter.  Our biodiesel refining operations continue to deliver positive cashflow to our company as we build our Jatropha supply, with sales into the European and Malaysian markets.  During the quarter, we have also significantly strengthened our balance sheet by buying back our 2012 convertible notes at a significant discount," said Nathan Mahalingam CEO, Mission NewEnergy Limited. "Our Jatropha operations continue to develop towards providing a captive supply of low cost material for biofuels that we expect to be cost competitive with petroleum products at US$52 per barrel."
All numbers presented are unaudited and presented in Australian dollars, unless stated otherwise.
Unaudited Results for First Quarter Fiscal Year 2012 - the three months ending September 30, 2011.
Total Revenue: $18.1 million   é (increased 297% vs. last year)
Net Profit:  $ 8.4 million    é (increased 269% vs. last year)
Cash Loss:  $ 2.0 million    é (decreased  26% vs. last year)
Cash Position -  $12.7 million.
As of September 30, 2011 the group cash position was $12.7 million.

Financial Results
Total revenue for the first quarter of the 2012 fiscal year was $18.1 million, compared to $4.6 million for the first quarter of the 2011 fiscal year, an increase of $13.5 million or 297 percent. The increase in revenue relates primarily to increased revenue from biofuel product sales and recognition of biological asset revenue from the Company's Jatropha business of $3.2 million and the recognition of a gain from the buyback of the Company's 2012 convertible notes of $10.3 million.
Gross profit  for the first quarter of the 2012 fiscal year was $12.3 million (excluding the convertible note gain which totalled $2.0 million) compared to a gross profit of $0.05 million for the first quarter of the 2011 fiscal year.
Operating expenditure for the first quarter of the 2012 fiscal year was $2.0 million, with the same cost incurred in the first quarter of the 2011 fiscal year. Foreign currency revaluations for the first quarter of the 2012 fiscal year was a gain of $0.4 million, and a loss of $1.2 million for the first quarter of the 2011 fiscal year. Non cash related expenditure increased by $1.1 million to $1.3 million in the first quarter of the 2012 fiscal year, from $0.2 million over the first quarter of the 2011 fiscal year, primarily as a result of the increase in sales of Jatropha saplings and the associated provision for bad debts of $0.8 million and impairment of assets.
Net profit for the first quarter of the 2012 fiscal year was $8.4 million compared to a net loss of $5.0 million for the first quarter of the 2011 fiscal year, representing a 269% improvement. This improvement is primarily a result of the $10.3 million gain on the settlement of the 2012 convertible notes and operating performance.
Net cash loss in the first quarter of the 2012 fiscal year was $2.0 million, compared to net cash loss of $2.7 million for the first quarter of the 2011 fiscal year.
As of September 30, 2011, Mission held a cash position of $12.7 million.  Effective cash as of June 30, 2011, was $20.5 million, the reduction in cash is attributed to the $5 million dollar buyback of the $15 million convertible note debt and $2 million dollar cash loss for the quarter attributable to operations. Other current assets total $19.9 million and the Company's current liabilities total $4.7 million.
"Sales in Malaysia for the quarter resulted in a sharp revenue uptick relative to last year. We are delighted to be in a position to sell into multiple global markets, so despite negative commodity spreads for much of the quarter, our refining operation provided a positive cash contribution to our company, bringing us closer to our own captive supply of low cost feedstock," Mahalingam added.
**All numbers presented are unaudited and presented in Australian dollars, unless stated otherwise.
Business highlights for the quarter ended September 30, 2011
Commenced sales into the Malaysian biodiesel mandate
Executed term deal for European biodiesel sales commencing January 2012
Petitioned the US Environmental Protection Agency for approval of g-Palm
Buyback of $15 million in convertible note debt due in May 2012

$40 millions contract for 2012 Q1 and Q2

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MNELF News: Report of Foreign Issuer (6-k) 10/03/2018 09:06:38 AM
MNELF News: Report of Foreign Issuer (6-k) 09/21/2018 08:15:18 AM
MNELF News: Report of Foreign Issuer (6-k) 08/30/2018 06:27:12 AM
MNELF News: Report of Foreign Issuer (6-k) 08/01/2018 06:25:06 AM
MNELF News: Report of Foreign Issuer (6-k) 07/26/2018 07:03:14 AM
PlusOneCoin Top Posts
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#1609   Agree $$$ $MNELF $$$ love your neighbor 10/03/18 03:58:13 PM
#1608   New filing out, good to see things with Jerm17 10/03/18 09:14:55 AM
#1607   Completion of ICO by PLA 30 August 2018 StockHobit 09/06/18 02:46:30 PM
#1606   Does anyone have any idea what’s going on hst627 09/05/18 09:46:19 AM
#1605   Yeah I'm lost as to What's going on Numena 08/20/18 12:22:59 AM
#1604   Really don’t understand the trades on this stock....?. hold23 08/17/18 02:53:04 PM
#1603   What the HELL is going on with this STOCK!!!! BLOCK1985 08/15/18 07:23:43 PM
#1602   Why the BIG fall !!! BLOCK1985 07/19/18 09:59:55 AM
#1601   Why the huge jump in pps Numena 07/19/18 09:45:13 AM
#1600   Mnn hold23 07/14/18 05:34:10 PM
#1599   Calm down cowboy that is a link to georgie18 07/13/18 09:34:14 AM
#1598   Don’t use that link!, I get about 30 hst627 07/13/18 09:29:47 AM
#1597   MNELF...Please request a chart by hitting this link... georgie18 07/12/18 05:55:48 AM
#1596   WHAT IS GOING ON WITH THIS STOCK !! BLOCK1985 07/11/18 09:06:52 PM
#1595   Not retail love your neighbor 06/27/18 07:54:21 PM
#1594   Who can do 6 digit trades? Numena 06/27/18 07:40:51 PM
#1593   6 digit trade. 0.114651 $$$ $MNELF $$$ love your neighbor 06/25/18 04:46:38 PM
#1592   The board of directors of MBT is unanimous StockHobit 06/13/18 01:49:39 PM
#1591   Indicative Timetable StockHobit 06/13/18 01:47:19 PM
#1590   Any recent news? Guelo 06/13/18 09:50:28 AM
#1589   feast or famine $$$ $MNELF $$$ love your neighbor 06/08/18 01:43:10 PM
#1588   Certainly one of our lower volume days. Lol StockHobit 06/08/18 01:12:45 PM
#1587   Certainly one of the higher volume days. StockHobit 06/07/18 02:50:24 PM
#1586   nice action so far today $$$ $MNELF $$$ love your neighbor 06/07/18 01:58:56 PM
#1585   I agree I'm gonna be adding $MNeLF dheminger 06/03/18 02:01:12 PM
#1584   dheminger $$$ MNELF READY FOR $10.00+ HERE...SHOULD GET halbroke1 06/03/18 12:47:13 PM
#1583   Yeah I agree load up this one going dheminger 06/02/18 10:51:30 PM
#1582   This looks like it could run very hard StaleyCornell 05/30/18 06:25:45 PM
#1581   100,000,000 tokens sold since yesterday StockHobit 05/30/18 02:15:48 PM
#1580   823,908,407 tokens remaining StockHobit 05/30/18 02:15:09 PM
#1579   i'm ready $$$ $MNELF $$$ love your neighbor 05/30/18 01:47:04 PM
#1578   Should see dollars soon StockHobit 05/30/18 11:34:05 AM
#1577   Some movement today. Guelo 05/30/18 10:59:53 AM
#1576   920,518,087 tokens remaining StockHobit 05/29/18 10:17:07 AM
#1575   Bid keeps getting stronger todamoon 05/27/18 08:16:12 PM
#1574   MNELF READY TO ROCK..BIG PR COULD DROP ANYDAY...NEXT halbroke1 05/22/18 03:03:16 PM
#1573 PLAYUP token update : 1,072,203,243 REMAINING out GoAndCollect 05/22/18 01:53:06 PM
#1572   no shares available and MM's holding the GoAndCollect 05/22/18 01:41:14 PM
#1571   strange way of trading I must say, at GoAndCollect 05/22/18 01:39:31 PM
#1570   Imo, mm's screwing around, alot of people holding Guelo 05/22/18 01:25:57 PM
#1569   Newbie here, why is the ask so high hst627 05/22/18 12:07:31 PM
#1568   Our time is coming and we will make todamoon 05/21/18 08:11:41 PM
#1567   MNELF $$$$$ TIME SHOULD BE VERY CLOSE..ONLINE GAMES(FANTASY) halbroke1 05/20/18 10:39:11 AM
#1566   yes it's visible at 0.052 ... GoAndCollect 05/18/18 03:52:36 PM
#1565   MNELF SHOULD BE HAVING A MONSTER RUN TO halbroke1 05/18/18 12:55:57 AM
#1564   TOKEN UPDATE : 1,219,284,066 left GoAndCollect 05/17/18 02:47:04 PM
#1563   Probably just an out of sequence trade. Let’s love your neighbor 05/16/18 08:22:04 AM
#1562   We had a formt trade .... ??? GoAndCollect 05/16/18 01:18:34 AM
#1561   All good questions- and per usual- I don’t love your neighbor 05/15/18 04:24:24 PM
#1560   How long will it take to get an GoAndCollect 05/15/18 04:20:39 PM