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Mission Newenergy Limited (MNELF)

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Last Post: 3/29/2019 9:32:34 PM - Followers: 31 - 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 www.missionnewenergy.com .

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

Current Price
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MNELF News: Report of Foreign Issuer (6-k) 04/26/2019 11:42:38 AM
MNELF News: Report of Foreign Issuer (6-k) 02/28/2019 06:29:38 AM
MNELF News: Report of Foreign Issuer (6-k) 02/12/2019 06:17:41 AM
MNELF News: Report of Foreign Issuer (6-k) 01/31/2019 06:56:45 AM
MNELF News: Report of Foreign Issuer (6-k) 01/24/2019 10:30:56 AM
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#1703   What's happening with this stock. Playchip called the Kapitalk12 03/29/19 09:32:34 PM
#1702   Filing out jokerwild477 02/28/19 09:07:34 AM
#1701   $$$ $MNELF $$$ Welcome2Pinkyland 01/23/19 09:22:56 AM
#1700   PlayChip are excited to be announcing various sporting buylowrk 01/23/19 08:51:15 AM
#1699   nice! $$$ $MNELF $$$ Welcome2Pinkyland 01/22/19 02:32:56 PM
#1698   PlayChip will kick off the year with buylowrk 01/22/19 02:27:38 PM
#1697   the way I understand things-> The deal with Welcome2Pinkyland 01/19/19 11:29:03 AM
#1696   What is happening here now that the deal ICXCNIKA 01/18/19 07:02:04 PM
#1695   Ok thank you buylowrk! KMR73 01/18/19 01:33:59 PM
#1694   KMR Sorry for delay in getting back to buylowrk 01/18/19 01:07:42 PM
#1693   $MNELF $0.170 +0.14024 (+471.24%) Broke resistance. Sky's the limit. buylowrk 01/18/19 09:46:27 AM
#1692   News: $MNELF Mission NewEnergy Limited (MNELF) PlayUp Fails whytestocks 01/17/19 05:51:22 PM
#1691   $$$ $MNELF $$$ Welcome2Pinkyland 01/17/19 02:29:46 PM
#1690   I agree definitely on watch mrpickem 01/11/19 11:19:17 AM
#1689   What does immune therapeutics inc have to do hold23 01/10/19 11:01:50 AM
#1688   $MNELF Love the Naked shorts. They are going buylowrk 12/27/18 09:09:29 AM
#1687   .33 is a good start :-) $$$ $MNELF $$$ Welcome2Pinkyland 12/27/18 08:52:09 AM
#1686   Love the ask this morning. It looks buylowrk 12/27/18 08:50:48 AM
#1684   Yep the float here is very small ,little KMR73 12/19/18 09:59:27 AM
#1683   $MNELF feels like pps breakout is getting close Welcome2Pinkyland 12/19/18 09:29:14 AM
#1682   Hmmm opens at 19,ha maybe one day we KMR73 12/18/18 10:31:19 AM
#1681   Dec 17,2018... The PlayChip Foundation is proud to StockHobit 12/17/18 06:01:19 PM
#1680   The winning of the Draper Hero’s Choice Award KMR73 12/16/18 06:34:38 PM
#1679   PlayChip ICO Takes out the ‘Draper Hero’s Choice KMR73 12/16/18 06:32:39 PM
#1678   MNELF $$$$ GOING TO GO HUGE !!!!!.. halbroke1 12/16/18 05:14:07 PM
#1677   PlayUp is seeking a dual listing on the Welcome2Pinkyland 12/16/18 05:04:11 PM
#1676   Enormous potential! $MNELF KMR73 12/15/18 06:39:42 PM
#1675   Going to be a fun ride $MNELF Welcome2Pinkyland 12/15/18 06:37:33 PM
#1674   Yep,i still scratching my head and think how KMR73 12/15/18 06:35:39 PM
#1673   PlayChip and $MNELF $$$ Welcome2Pinkyland 12/15/18 06:29:02 PM
#1672   https://markets.businessinsider.com/news/stocks/playchip-announces-conor-mcgrego KMR73 12/15/18 10:37:28 AM
#1671   PlayChip Foundation Ltd, the operators of the token, KMR73 12/15/18 09:38:58 AM
#1670   I wouldn't be surprised at all,this company has KMR73 12/15/18 09:07:52 AM
#1669   MNELF $$$$ $10.00/SHARE...WHEN EVERYTHING(DEAL) IS SAID AND DONE.. halbroke1 12/15/18 01:22:18 AM
#1668   https://markets.businessinsider.com/news/stocks/playup-launches-draftstars-india KMR73 12/15/18 01:20:05 AM
#1667   https://markets.businessinsider.com/news/stocks/playchip-closes-25m-presale-in-b KMR73 12/15/18 01:17:55 AM
#1666   makes sense. thanks. $$$ $MNELF $$$ Welcome2Pinkyland 12/14/18 01:17:09 PM
#1665   At $.10 with 41m shares outstanding and 4% ICXCNIKA 12/14/18 01:16:04 PM
#1664   Great volume today!! StockHobit 12/14/18 01:12:22 PM
#1663   for sure. .10 is under valued for this Welcome2Pinkyland 12/14/18 12:49:46 PM
#1662   Ahh ok, yea I’m ok with that! Jerm17 12/14/18 12:48:40 PM
#1661   using those numbers and the 40m o/s was Welcome2Pinkyland 12/14/18 12:43:46 PM
#1660   Well i think the os is now 40m KMR73 12/14/18 09:10:36 AM
#1659   If Playup gets valued at $700 million, it Jerm17 12/14/18 08:39:13 AM
#1658   https://youtu.be/h0RBD3Sd1fI KMR73 12/14/18 12:09:38 AM
#1657   https://www.rabbitohs.com.au/news/2018/04/27/playup-joins-rabbitohs-in-nrl-first KMR73 12/14/18 12:07:46 AM
#1656   Mission will undertake a capital raising of new KMR73 12/13/18 11:31:26 PM
#1655   Young Australian technology entrepreneur has resurrected the collapsed KMR73 12/13/18 11:13:54 PM
#1654   Agree Welcome2Pinkyland 12/13/18 08:52:57 PM