Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
just added 2k shares this week, will add more later
hoping this one acts as a hedge in the portfolio
Jeff
just added 2k shares this week, will add more later
hoping this one acts as a hedge in the portfolio
Jeff
Canola price drops just in time for INP new contract negotiations. Probably due to the crisis in China. That will be another good year for INP. If we would get further news on the soybean ...
somebody knows something........
http://www.stockhouse.com/companies/bullboard/v.inp/input-capital-corp?postid=23950243
Jeff, I know how You feel. I know that feeling well. But this is one of the exceptions, one who will end well. Despite a small corectie now and then, I suppose we going to see such corectie every year. Head cool and above all not be tempted to sell. Rather occasional buy more. What I also do every month, when the rate allows, under $ 3, I'm happy with every opportunity these days. Planned to build out my position to 50% of portfolio. That goal is now a little further through the fall. Have never had a stock where I felt so good at and slept well.
Some of Hackett's recommendations have been under-performing,
XPLT is drifting sideways, his RIBT turned out a flop, but i
still am accumulating this one INPCF for the future big bang for the buck,
time will tell........we're right back where we started 2 years ago,,,,,
just lovely
all the best
Jeff
I reread the posts at breakneck pace. We're still here on the right track.
Jeff,
Why do you find an opportunity to buy cheap disillusionment? You know better than anyone that this is only temporary.
10 new contracts during the silent period.
Input Capital Corp. Reports Strong Q1 Operations
https://finance.yahoo.com/news/input-capital-corp-reports-strong-200100927.html
Canola Prices on the Rise
Canola prices have been increasing since late May due to weather and the strong Canadian Dollar. November
futures of canola exceeded $500 for the first time this year on Friday, June 19. The November futures price chart
is shown below.
Frost across Western Canada had a major impact on canola seeding in late May and early June. Reports from
farmers note many were forced to re-seed their crops due to the frost. We feel that the frost is a benefit for Input
as it has led to higher canola futures prices. The re-seeding may have also led some farmers to seek alternative
sources of financing such as Input. Weather continues to be a concern for many farmers and reports indicate
crop conditions are below last year at this time.
The weak Canadian dollar has also helped demand for canola, which is benefiting canola prices. These factors
have led to canola exceeding the $500 mark for the November futures. We had previously estimated a $475 per
tonne price of canola for this year’s harvest.
We feel the improving price will be a benefit to Input in the short term and weather conditions may help with
their deployment.
credit to; Daniel Iwata, BA, Dip. Fin. Mgmt.
Equity Research Associate
http://www.researchfrc.com/new/
I do not know the numbers by head, but yes, they are moving in the right direction.
Still very much under the radar, but we can benefit from it. (I do)
If this gets too much attention ...
If I understand the Conference Call correctly, there will be about 85,000 tonnes of canola to be delivered within the next 12 months. This compares to approximately 24,000 tonnes delivered in the last 12 months.
What's not to like.
Thank you sellers, I expanded my position with 10 percent. beautiful. Pleased with this opportunity.
April 7, 2015
Input Capital Corp. Announces Record Capital Deployment in Q4.
$20.2 Million Deployed into 35 new Canola Streams.
Record Canola Tonnage Delivered and Sold.
http://investor.inputcapital.com/news/Press-Release-Details/2015/Input-Capital-Corp-Announces-Record-Capital-Deployment-in-Q4-Operations-Update/default.aspx
I like the action of the past few weeks, now catch your breath and take back a small step.
Used opportunity to buy under $3 again. :)
I would like to see them start with a small dividend. Grenville Royalty has done recently, and since then the trade volume increased significantly.
For the record, from fundamental Research Corp..........
credit goes to:
Daniel Iwata, BA, Dip. Fin. Mgmt.
Equity Research Associate
Canola Council of Canada 2025 targets
The Canola Council of Canada (“CCC”) released their 2014 annual report a few weeks ago discussing 2014,
and gives targets for the canola industry into 2025. We feel that the targets are encouraging for Input Capital
(TSX-V- INP) as the CCC looks to grow the Canola Industry. Input Capital provides financing to canola
farmers through canola streams and recently hit a 52 week high of $3.06 on March 27.
The chart below outlines the 2014 results and the CCC’s 2025 targets. They estimate canola production will
increase to 26 million tonnes from 15.6 million tonnes in 2014. Seeded acreage is estimated to increase by 10%,
but the yield per acre is anticipated to rise substantially to 52 bushels an acre.
[img][/img]
Yield performance is a significant factor for the Industry and Input. There is limited remaining farmland in
Canada that is not yet being farmed. In order to increase production, and grow canola production, gains need tocome from higher yields. CCC is projecting large increases in canola production through technology. They
estimate that harvest management, pest control, fertility management, and genetic improvements, can improve
the yield to 52 bushels per acre.
Another highlight of the report is the work the CCC is doing to expand Canola throughout the globe. The report
notes the CCC were in 13 trade discussions trying to improve the access of Canadian canola internationally.
They have also taken significant steps to expand canola to China, which they see as their number one target
market. These steps include developing a mandarin language website and educating users on the differences
between canola and rapeseed, and expanding trade relationships.
We feel that production of canola in Canada will continue to improve and anticipate a healthy demand for
canola. We continue to maintain a positive outlook on Input Capital.
http://www.researchfrc.com/new/idea-of-the-week/
Nice week with big turnovers, new all-time high, I think we can expect news soon.
Slowly they build upon and excellent idea.
I especially like the cautious approach.
Press Release Details 02/25/2015
Input Capital Corp. to Study Soybean StreamingREGINA, Feb. 25, 2015 /CNW/ - Input Capital Corp. ("Input" or the "Company") (INP.V) (INPCF) is pleased to announce that it has begun a study into streaming soybeans with Canadian farmers.
"We have been getting feedback from farmers in Manitoba and Ontario that they see potential value in streaming contracts for soybeans, and they have encouraged us to look at this market," said President & CEO Doug Emsley. "Our plan is to be consistent with our approach to new ideas: first, we'll educate ourselves on the soybean market, and if we agree with farmers that there is an opportunity for soybean streaming, we'll start with a limited number of small contracts as a pilot test. If those go well, we'll make soybean streaming into a standard offering along with our existing canola contracts."
Emsley continued, "Input has proven the canola streaming model and its applicability for Canadian farmers. Soybeans appear to be a natural extension of Input's canola streaming model, and streaming soybeans offers the possibility to spread our wings into more markets in Canada, and potentially beyond, in the years to come."
Keith Carpenter, MBA, CFA | Canaccord Genuity Corp. (Canada) | KCarpenter@canaccordgenuity.com | 1.416.869.7325
Vitali Savitski | Canaccord Genuity Corp. (Canada) | VSavitski@canaccordgenuity.com | 1.416.869.7354
Raising Target Price
Q3 results are in line - 2015 is the inflection point; TP
to C$3.75 (from C$3.50), BUY
Investment recommendation
We believe Input Capital has reached an inflection point with the deployment of
C$17M in the last quarter, which was predominantly deployed in December. Given the
historical ramping of capital deployment towards spring planting, we have confidence
of a substantial increase in that capital deployment over the next several months,
and the April update should highlight that view. The improvement in the company’s
multiple over the past month speaks to this positive development. Add in the average
20% IRR management continues to realize in their contract signings, a strong canola
export market supporting pricing at our long term assumption, and the substantial cash
flow generation this model displays, we recommend investors initiate positions in this
company or add to existing positions.
Q3/F15 results are in line
Input Capital reported adjusted Q2/F2015 EPS of C$0.00 versus our estimate of US
$0.00 and consensus of C$0.01 while CFPS was reported at C$0.04, versus our forecast
of C$0.03 and consensus of C$0.04.
We expect the next catalyst to occur in early April with the release of their FQ4
capital deployment figures
INP deployed C$43M in total over the previous two years. Given they deployed a further
C$17M in a historically quiet period in FQ3, our expectation for a C$25M capital
deployment quarter in FQ4/15 should be comfortably attained. We then estimate
a C$20M deployment in FQ1/16 (April-June quarter). Over the past two years, INP
has deployed C$12M in that quarter, but given their expanded sales team, expanded
marketing effort and stronger prospect pipeline, we fully expect the company to swing
above the C$12M average of the past two years.
Cash flow per share growth is significant
In the current F15 (which ends in March), we estimate CFPS of C$0.13, C$0.25 in F16,
C$0.37 in F17, C$0.52 in F18, C$0.69 in F19 and C$1.08 in F20. We have assumed a
long term canola price of C$450 (net of basis) - prices are just shy of that level today.
Multiple expansion
We estimate the company to deploy significant amounts of capital in the coming
quarters, and as a result, we expect an increase in the company’s multiple. There are no
agriculture streamers to compare the company to but if we look at the precious metal
streamers, they trade in a range of 14x-31x in 2015 and 12x-30x in 2016. As INP’s fiscal
year end is March, their F2016 is closest to calendar year 2015 and similarly the F17
is closest to CY16. INP currently trades at 10.2x consensus F16 and 7.4x consensus
F17. INP’s multiple has been improving and we believe the inflection point arrived with
the announcement of a significant cash deployment update in January. We believe this
multiple will continue to improve through 2015 and will move into the lower double digits.
Canaccord Genuity Raises Input Capital Corp Price Target to C$3.75 (INP)
February 11th, 2015 - 0 comments - Filed Under - by Faye Duncan
Input Capital Corp (CVE:INP) had its price target upped by Canaccord Genuity from C$3.50 to C$3.75 in a research note issued to investors on Monday.
Canaccord Genuity has also taken action a number of other stocks recently. The firm reiterated its buy rating on shares of Glencore PLC. They have a GBX 390 ($5.94) price target on that stock. Also, Canaccord Genuity reiterated its buy rating on shares of TELUS Co.. Finally, Canaccord Genuity gave shares of Teva Pharmaceutical Industries Ltd (ADR) a new $60.00 price target. They now have a hold rating on that stock.
Separately, analysts at Fundamental Research lowered their price target on shares of Input Capital Corp from C$3.50 to C$3.40 and set a buy rating on the stock in a research note on Friday, December 5th.
Input Capital Corp. (CVE:INP) is an agricultural commodity streaming company. The Company’s primary focus is on serving the domestic market for canola production. It has entered into canola streaming contracts with producers across Alberta, Saskatchewan and Manitoba.
Press Release Details
Press Release: Input Capital Corp. Wins Investor Relations Award
Press Release Details
Input Capital Corp. Named to the TSX Venture 50®
2 news reports, less than one week, which can contribute positively.
Press Release Details
Input Capital Corp. Named to the TSX Venture 50®
02/11/2015
REGINA, Feb. 11, 2015 /CNW/ - Input Capital Corp. ("Input" or the "Company") (INP.V) (INPCF) is pleased to announce that it has been named to the TSX Venture 50 for 2015 in the diversified industries category.
The TSX Venture 50 is an annual ranking of the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors – mining, oil & gas, technology & life sciences, diversified industries and clean technology – based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2014.
This is the first time that Input has been named to this distinguished group and the company is honoured to be included.
Amazing, I thought they were therefore still be unknown to the broad public. :)
Press Release: Input Capital Corp. Wins Investor Relations Award
Input Capital Corp. Wins Investor Relations Award
Canada NewsWire
REGINA, Feb. 9, 2015
REGINA, Feb. 9, 2015 /CNW/ - Input Capital Corp. ("Input" or the "Company") (INP.V) (INPCF) is pleased to announce that only nineteen months after becoming listed on the TSX Venture Exchange, the Company won the award for "Best IR by a TSX Venture Exchange-listed company" at the 2015 IR Magazine Awards held in Toronto on February 4, 2015.
"I would like to congratulate our team at Input Capital for their hard work and dedication in winning this award," said Input President & CEO Doug Emsley. Emsley added, "We have an ongoing responsibility to our shareholders to manage, discuss and report about our business in an accurate and timely manner, and we take that very seriously."
The "IR Magazine Awards -- Canada 2015" are decided by an independent telephone survey of more than 270 analysts, portfolio managers and investors based in Canada. The voters select companies that are giving them the best investor relations service across a range of different areas, including reporting and disclosure, corporate executives, and corporate governance.
Grenville Strategic Royalty Corp annonces 1st dividend. Share increases by several% I suppose people of Sand and Input will follow this closely.
Jan 30/15 Jan 26/15 Catlin Underwriting Agencies Limited for and on behalf of Syndicate 2003 Direct Ownership Common Shares 11 - Acquisition carried out privately 1,400,000 $2.40
These men were responsible for the huge sales on January 26.
https://canadianinsider.com/node/7?ticker=INP
Jeff,
do you follow other royalties? Ihave a weak spot for royalty's.
I have a small position in Grenville Strategic Royalty Corp. (GRC.V). Matter of not putting all the eggs in the same basket. they provide about as much capital (2m) to their partner goals. But more like Alaris diversified across sectors. Alaris then doing again larger amounts, as Sandstorm.
Wow this brings us quickly to the bigger boys.
Grenville Strategic Royalty Corp. (GRC.V) goal is a quarter million dollar, per partner per year. What they have not quite achieved.(just not) But even here, it is a young company, still full tn startup phase. They look familiar? Ves
Yes recovered post 24, but everything was October 2009. But with $ 10 to start, I am quite satisfied. but with the fastgrapfs post 11 and target of $ 117 more :) yes we can have a nice dream ....
Funny, I just read all the posts from number one, and that name was also against. Yet there was a link to his name? Will have to look back. How lucky they are only 70 entries.
I just reread the first report from Hackett Financial from Dec 22, 2013
and that alone recharged me right on up, I only have a printed copy
so I cannot copy and paste it, But Shawn hinted $10 down the road
or better if they expand the model, this could be a Billion dollar company,
ummmmmmmmmmm
greedy? you betcha.
Good analysis, in part 3, I look forward to number 4.
Beautiful end quote from Brad Farquhar. As, the CFO put it:
“I think those willing to invest before there is a five year history will be the “early bird that gets the worm”.
Hey Jeff,
I know it probably was a rhetorical question but
Never ever take an additional loan on your house for stocks. Unless you have 10 houses, then you can do some extra on 1.
feel greedy Jeff? :)
A correction in the stock market is coming sooner or later. As a correction also attracts the best down, then you feel you are obliged to sell just on the depth point. I certainly will not do that. Though I understand your enthousiasm. I am convinced of that we still have time, as you say still very unknown. If we keep pace with the company, we can do little wrong. Ves
Now I'm starting to wonder if I should Mortgage the farm on this one?
looking better and better, another long thesis, take your time, and peruse it slowly. IMO this stock could be in the $20s some year, if not sooner.
lucky for us, not many seems interested because its not a PumpNDump
model. best to us
http://www.aboveaverageodds.com/2015/01/25/input-capital-inp-v-game-changing-inflection-point/
interview CEO Doug Emsley
http://www.bnn.ca/Video/player.aspx?vid=337433
copied from stockhouse.
points on canola
there is only one public company providing investment exposure to Canadian canola production: and that’s Input Capital Corp. (TSX.V: INP). It has a market cap of only $90 million.
Canola is a bigger global market than potash
Canola is a bigger export business for Canada than potash
Canadian canola exports have been growing at a CAGR of 18.3% over the last 10 years (compared to 13.6% for potash)
Canola is Canada’s #7 export to the world (potash is #10)
Canadian canola exports have double the market share in global export markets than potash
Canadian canola exports to China are 8.5x the value of Canadian potash exports to China
As already noted, Canadian canola exports to China have been growing at a CAGR of 36.4% over the last 10 years (compared to only 4.1% with potash)
Canola currently represents 16.0% of all Canadian exports to China (compared to only 1.9% for potash)
Canola is Canada’s #1 export to China (potash is #12)
Canola employs 228,000 Canadians. Potash employs 5,041 Canadians.
Read more at http://www.stockhouse.com/companies/bullboard/v.inp/input-capital-corp#g2GJEhXH2mTIAsps.99
Input Capital close at C$2.60 gives us a US$2.08 ask and that's where
we stand tonight, found a research report covering Input, so more exposure coming......who knows what is next?
http://www.theglobeandmail.com/globe-investor/article22291410.ece/BINARY/M%20Partners%202015%20Top%20Picks.pdf
Thank you Jeff.
It confirms my feeling that I am on the right track. This is an FNV or SLW or SAND in its early days. I better still looking for more money befor February 5 :)
Now you can buy a lot of shares/$ of what will be possible in a few years. I feel greedy for this one. To achieve a better balance, this company is just what I was looking for.
Input Capital Corp: If You Build it, Farmers Will Come… [Part II]
Posted By: Guest PostPosted date: January 25, 2015 03:18:26 PMIn:
Perhaps this write up got everyone's attention....I did not read Part 1 & 2
in its entirety because it is time consuming, I will peruse thru it tonight,.
http://www.valuewalk.com/2015/01/input-capital-corp-build-farmers-will-come-part-ii/?format=pdf
Input Capital Corp: “A Field of Streams” [Part I]
lots of reading but well worth it, this one's a keeper for sure....
http://www.valuewalk.com/2015/01/input-capital-corp-stock/2/?format=pdf
50 day average is about to cross the 200 day moving average at an upward movement. Both are now rising.
Is this closing the gap up? Or is there news coming? In any case, thanks to the sellers :)
Update on Input Capital from Fundamental Research Corp.
Analysts’ Ideas of the Week – January 12, 2015
( these guys do a wonderful job IMO)
Q3-FY2015 Operational Update Sends Input Capital Higher
Last week Input Capital (TSX-V:INP) released their Q3-FY2015 update on operations for their quarter ended
December 31, 2014. Input plans to release their financial statement and MD&A for the quarter at a later date.
Input reported a strong quarter for revenue and an impressive quarter of deployments.
Sales of canola in the quarter were 8,027 tonnes of canola at an average price of $437 per tonne for total revenue
from canola streams of $3.5 million. Input also reported $1.2 million in canola trading revenue. Input noted that
the remaining canola from the FY2014 harvest has been complete, which was approximately 3,664 tonnes of
canola. Previously, management had estimated 35,000-40,000 tonnes of canola would be due to Input in the
FY2015 harvest season. After taking into account the canola from the previous harvest season, Input received approximately 4,363 tonnes of canola in Q3 from their FY2015 contracts. We had expected approximately half
of the FY2015 canola to be delivered in this quarter. We are not particularly concerned with the exact timing of
the canola deliveries, and feel that as the company progresses, the estimated timing of deliveries will improve.
We have estimated an average price of $440 for the FY2015 harvest year, with Q3 being in line with that
estimate. The cash price in January 2015 has averaged around $430, with the March 2015 futures contracts
trading at $450 per tonne. We feel that the price per tonne of canola will remain around our estimate in Q4.
The highlight of the update was the deployment of $16.9 million into 26 streaming contracts. Our major concern
from our last report was pace of deployment due to the $64.1 million in cash Input had at the end of Q2. Input
reported that of the 26 contracts, 22 are new customers which we feel is encouraging and highlights Input’s
marketing plan and ability to attract new farmers. Input now has 42 farmers under contract. Input’s
management had previously discussed that they maintained a strong pipeline of deals, and this quarter showed
their ability to close on those deals. From the update, management remains positive that their awareness
campaign is working and that deployment will continue at these levels. We anticipate continued strength in
deployment of capital in Q4.
After the operational update, Input’s stock jumped to $2.45, from $2.10.
We continue to maintain a positive
outlook on Input.
credit also goes to:
Daniel Iwata, BA, Dip. Fin. Mgmt.
Equity Research Associate
http://www.researchfrc.com/new/
Followers
|
1
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
153
|
Created
|
05/27/14
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |