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I absolutely agree with your target price,
to reach the 5 range, you must first pass the 4 :)
But I think that first we will close the gap up, so 2.2-2.3 will also come on the board. I know, it's not really a gap up, but it feels so. I like what Those guys are doing. Building an agro Franco-Nevada.
BTW, good judgment from Patton.
Fundamental Research Corp Updated coverage on Input Capital....
Week of January 5, 2015
Strong Start for Canola Exports to China
In a previous article, we had mentioned how strong canola demand from China would benefit the canola industry
and help canola pricing. In a recent trade mission to China, the agriculture minister signed a $1 billion dollar
agreement to export Canadian canola oil to China over the next 7 years. The Canadian Grain commission also
noted a significant increase in canola exports to China for the 2014/2015 growing season. There has also been a
push from the Canadian canola industry, to raise the awareness of canola in China with the Canadian Canola
Council introducing a Mandarin language information site. We feel the increasing demand from China will
benefit the Canola industry.
Canola is Canada’s number one agricultural export to China, valued at $2.83 billion in 2013 (Source: Canada
Canola Council). For the 2014-2015 harvest year, year to date exports to China are 1,389,000 tonnes, up 24.6%
over the 2013/2014 harvest year (Source: Grain Commission Canada). Last year, China accounted for 3.9
million of the 8.6 million canola tones exported (Source: Grain Commission Canada). Agri-Food Canada
estimates that canola exports for this year will be 9.2 million tonnes. China canola imports from Canada are
shown below
(not available)
We feel that the demand for canola from China will continue to help the canola industry. We feel in the longterm,
this will benefit Input Capital (TSX-V:INP) with our longer term estimate of canola at $475 per tonne.
Current prices for the Jan 15 futures market are currently trading at around $450 per tonne, up from $410 in
early December. We continue to maintain a positive long-term outlook on Input. As mentioned in our last
update, this quarter should produce record revenues for Input.
credit to FRC and
Daniel Iwata, BA, Dip. Fin. Mgmt.
Equity Research Associate
www.researchfrc.com
Agricultural Streaming
May 9, 2013 6:00 PM
http://seekingalpha.com/instablog/1123571-capitalist-exploits/1843161-agricultural-streaming
A beautiful film found on youtube about canola. Filmed with a drome. Sowing and harvesting and crucherplant.
Found through a link on twitter, date December 24, it's the only tweet on that day, so not hard to find.
https://twitter.com/InputCapital
Oh yeah I don't mind, I plan on adding some more just taking my time,
have to do it slow but sure, have some in the IRA and trading account
and as long as I've known about this just cannot get anyone interested
in it. Of course like any other investment you have to keep a close watch on things just in case........Hackett financial did a great report on this
one and I believe he did mention a $10 to $20/sh long term target if all
comes to fruition.I'd like to have about 25k shares of this sometime next
year, commodities will always be around no doubt about it, and always room for expanding to other ones also, best to you in 2015, glad to have someone around, keep in touch,,,,Jeff
Jeff,
As long as they can fly under the radar of the masses we accumulate quietly. We are now in their quiet period in which they negotiate new contracts. I think that each year it will be the same. Love the business model. They plan to pay a dividend as they growth mature. That could take a while, but then it will be too late to get on in at reasonable prices,I think.
Wish you a strong 2015.
Ves.
Jeff,
do not worry, there are still others who follow this comp.
Slowly building a position, and grow with the company.
This is a Alaris or Franco Nevada, in their early years.
Delighted that I have found them on time.
A position where I feel very good at. E-mailed the CEO twice and got twice very quickly a reply.
I wonder if that would be the same on a Sunday afternoon with an IBM or HP, Boeing or Microsoft ceo.?
I buy until I reach my target number, and then buy on the dips.
Happy New Year to all.
VES
In the August 26th issue of The Hackett Stock Report
Shawn Hackett had this to say about Input Capital........
Input Capital (INPCF $2.47/share)-This one of a kind Canadian canola centric agricultural streaming
company continues to deliver impressive growth in new streaming contracts, increased deliverable
bushels and consistent well above average returns. The recent crash in grain prices and the recent
logistical bottleneck nightmare in Canada over the winter actually accelerate the need for farmers to seek
alternative and flexible financing options that Input offers.
This company is a great long term buy with double digit prices destined for shareholders.
TADA!!!
Kudos Jeffster
Fair value of Input Capital increased
http://www.researchfrc.com/new/idea-of-the-week/
As mentioned last week, Input Capital (TSX-V: INP) reported their Q1 -2015 earnings. The following gives a
brief overview of our recent update. The full update can be found on our website.
The company reported $2.26 million in revenue from canola sales. This canola was due from the previous
growing season, and Input expects to recognize a further 7,810 tonnes of canola in 2015 that was due from the
FY 2014 harvest year. Input noted that they are due 38,338 tonnes of canola for FY2015, and we estimate that
41,000 tonnes of canola will be received. Our higher amount accounts for canola that may be received from
additional streams signed in FY2015. Due to the significant financing, and high amount of cash on hand for
Input, we raised our FY2016 capital deployment and revenue estimates.
We have lowered our estimate of the price received per tonne of canola to $450 from $475 for FY2014. This is
due to an anticipated bumper year for soy beans. Soy beans and canola have similar uses and pricing is highly
correlated. The below shows the January 2015 futures price of soy beans and Canola.
We estimate that expenses will rise as the company continues to grow. In their earnings call, management noted
that they had hired additional staff.
Given the lower canola prices and higher expenses, our net income estimate declined in FY2015 to $6.06 million
(EPS: $0.08) from $7.56 million (EPS: $0.12). Despite the short term decreases in revenue, our discounted cash
flow estimated increased. Due to the capital available, we anticipate Input can increase their rate of capital
deployment, which resulted in a higher valuation. Our fair value for the stock increased to $3.50 per share from
$3.30 per share.
Michael Smedley on Input Capital
http://www.bnn.ca/Video/player.aspx?vid=422423
Canada’s wheat, canola production dip below expectations
Rod Nickel, Reuters
1:10 PM, E.T. | August 21, 2014
Energy & Resources
Canadian farmers are on course to produce less wheat and canola than expected, according to Statistics Canada’s first report on this year’s harvest.
Statscan, using a farmer survey, pegged the 2014/15 all-wheat crop at 27.7 million tonnes, down 26 percent from last year’s record harvest and below the average trade expectation of 28.5 million tonnes. Canada is projected to be the fourth-largest wheat exporter this year.
Canola production in the biggest global exporting country looked set to reach 13.9 million tonnes, a drop of 23 percent from last year and less than the average trade forecast of 14.5 million tonnes.
“I think the trade is going to view this report as fairly friendly [to price],” said Dave Reimann, market analyst for Cargill Ltd.’s grain marketing services division. “The canola number is going to jump out a little bit because we’re looking at a tightening supply situation versus last year, and this turns the screw one more turn.”
ICE Canada November canola futures and Minneapolis September spring wheat futures were up slightly after the report.
Despite the production drop, the all-wheat crop is Canada’s third-largest in the last 10 years and the canola harvest would be the third-biggest ever. Statscan said yields look lower year-over-year at 43.6 bushels per acre for spring wheat, 39 bushels for durum and 32 bushels for canola.
The smaller than expected canola crop raises questions about whether there is enough to supply domestic crushers and export sales, said John Duvenaud, analyst at Wild Oats Grain Market Advisory, on a conference call organized by Minneapolis Grain Exchange. Tighter supplies could give canola prices more upside later in the year than soybean oil, a competitor in the global vegetable oil market, he said.
Expectations for a big U.S. soybean crop otherwise overhang canola prices.
Similarly, global wheat supplies looked to top 716 million tonnes, a record high, according to a U.S. Department of Agriculture report on Aug. 12.
Canada might also have bigger than usual leftover supplies from last year’s bumper harvest. Statscan will estimate on Sept. 5 stocks as of July 31.
“In Western Canada, we’re moving from a huge glut of wheat to still a pretty big carry-over, but by no means the kind of over-supply we had in the last year,” Duvenaud said.
The harvest is off to a slow start in Western Canada, with much of the crop developing more slowly than usual.
Duvenaud said the quality of crops is still unclear. Fusarium head blight, a fungal disease, has downgraded some winter wheat and may damage spring wheat as well.
Crops of oats, barley and durum also look sharply smaller year over year, and smaller than expected.
http://www.bnn.ca/News/2014/8/21/Canadas-wheat-canola-production-dip-below-expectations.aspx
Seems like a lot of fluff to me. Management is questionable from what I can tell. Good luck. Price is probably going to drop significantly soon.
Input Capital,,,,$21 million in cash, $60 million Stockholders equity,
operating cash flow almost $2 million, no debt,,,,,,better hurry and buy all you can,,,,,,you can thank me l8r
and oh yeah,,,,,,,we have approximately $60 million that we are getting ready to invest
jeff
,,,,,$$$$$
REGINA, Aug. 19, 2014 (Canada NewsWire via COMTEX) -- Input Capital Corp. ("Input" or the "Company") (INP.V) (INPCF) has released its unaudited results for the first quarter ended June 30, 2014. All figures are presented in Canadian dollars.
FIRST QUARTER FINANCIAL HIGHLIGHTS
-- Input generated revenues of $2,261,253 from streaming contracts
on the sale of 4,585 ("MT" or "tonnes") of canola at an average
price of $493.23;
-- Cash operating margin(1) of $397.31 per MT (81% cash operating
margin) from streaming contracts;
-- Adjusted net income(1) of $35,541, or $0.00 per share;
-- Operating cash flow of $1,933,892, or $0.03 per share;
-- Invested $11.65 million of upfront payments(2) into multi-year
streaming contracts, adding 49,755 contracted MT to the
Company's future canola sales. These base tonnes have been
acquired for an average upfront cost of $234.15 per MT and
Input will purchase them in the year they are produced for an
average crop payment of $70.18 for a total cost of $304.33 per
MT; and
-- Finished the quarter with:
o Cash and cash equivalents of $20,871,197;
o Total canola interests of $35,753,814 (current portion and
long-term portion);
o Multi-year streaming contracts with 20 farm partners, with
179,299 contracted base
o MT of canola remaining to be delivered to the Company over
the terms of the streaming contracts, of which 7,810 MT are
from the 2013 harvest;
o Total shareholder's equity of $59,015,803; and
o No debt.
"The first quarter results highlight the strength of our canola marketing program, as we once again achieved strong pricing for our product. We continue to make sales of canola from the 2013 harvest and over the next quarters will shift our focus to the sale of the approximately 38,000 MT we have contracted from the upcoming harvest, which is over double the 18,000 MT we contracted from the 2013 crop," said Input President & CEO Doug Emsley. Emsley added, "With the bought-deal financing that we closed subsequent to quarter-end, we have approximately $60 million that we are getting ready to invest and we have the back-office in place to meet the demand as we market our streaming contracts."
Looks to be overbought. Correction coming. I'd sell if I were you. You're welcome! Good luck.
Input Set to Release Q1-FY2015 This Week
Input is set to release their Q1 audited financials this week. The following gives a summary or our expectations
for the quarter and FY2015.
We expect Canola revenues for FY2015 of $25.18 million. A majority of the canola will be realized in later
quarters when the canola is harvested. However, in Q1 FY2015, INP will report revenues that were from the
FY2014 harvest season due to the backlog in shipping. In a Q1 update released by management, the company
received 4,585 tonnes of canola in the quarter, bringing their total received to 11,134 tonnes. Input is due
18,932 tonnes of canola plus any bonus tonnage. The average price realized per tonne was $493.
We anticipate gross margins for FY2015 of 36.9%. We also anticipate that expenses will normalize as there are
no one-time expenses from the listing of the company. Our estimated net income estimate for FY2015 is $7.56
million FY2015.
Input raised $40.25 million plus a fully subscribed over allotment for $6.04 million during the quarter. The
aggregate gross proceeds raised by Input were $40.29 million. We feel that capital deployed continues to be
strong. Input entered into 11 new streaming contracts making $11.7 million in upfront payments. Management
notes this is in line with their internal estimates. With the bought deal financing ,the company has substantial
cash on hand and we feel the strong deployment of capital will continue.
Input is due to release their Q1 financials August 19, 2014. We feel that Input will report a strong start for
FY2015, and anticipate the company to continue with strong capital deployment.
http://www.researchfrc.com/new/idea-of-the-week/
Input Capital gearing up to head over $3 and keep moving up, Commodities
is the big trend word, load up, you won't regret it.........maybe $10/share
not too distant future,,,,,,,,long and strong,,,,,,INPCF was first covered
by Hackett Financial.........https://www.hackettadvisors.com/
Another down day. Lots of selling pressure here. Buyer beware. Good luck.
That chart looks to be breaking down to me! I see all sell signals. Chart needs to correct quite a bit. Good luck!
Mr. Colman initiated coverage on the stock earlier in July with an outperform rating and $4.50 price target, representing an upside of 80% from the stock’s current price of approximately $2.50.
http://business.financialpost.com/2014/07/28/more-gains-ahead-for-input-capital-national-bank/
Low volume , it seems to me buyers are not convinced into this crap . Chart is pointing south . Jmho
Good luck
You won't be retiring on this one in my opinion. Company seems questionable to me. I wonder how far down the share price is going to drop. Good luck.
But also great job jefft. Kudos.
Not looking good here. MACD turning south. Based on your chart I'd sell. Increasing volume with decreasing PPS. Very bearish.
keep building position, holding for long term,,,,,,,,retirement
sweeetttt
http://business.financialpost.com/2014/07/28/more-gains-ahead-for-input-capital-national-bank/?utm_source=dlvr.it&utm_medium=twitter
Input Capital target price 3/20/23 $117/shs...........
www.fastgraphs.com
found this on stockhousedotcom
Closing Price(07/17/2014): $2.27 - Assume an Investment of $10,000
Estimated Earnings $43,786.02 -vs- T-Bond Earnings $2,500.00
Input Capital Corp.(TSXV:INP) 10 Yr Treasury Bond
# Year 4,405.29
Shares @ Dividends
per Share EPS Gr 40.0%
P/CFL=G x 40.0 Earnings
Yield Div.
Yield Estimated
Dividends Target Prc
Est Tot Ret T-Bond Rate
2.50% Annual
Yield
1) 3/2014 $ 0.07 $ 0.00 E $293.39 E 2.9% 0.0% *$ $ 2.66
25.3% $250.00 2.5%
2) 3/2015 $ 0.24 E $ 0.00 E $1,057.27 E 10.6% 0.0% *$ $ 9.60
132.8% $250.00 2.5%
3) 3/2016 $ 0.33 E $ 0.00 E $1,453.75 E 14.5% 0.0% *$ $13.20
91.6% $250.00 2.5%
4) 3/2017 $ 0.39 E $ 0.00 E $1,718.06 E 17.2% 0.0% *$ $15.60
68.2% $250.00 2.5%
5) 3/2018 $ 0.55 E $ 0.00 E $2,405.29 E 24.1% 0.0% *$ $21.84
61.8% $250.00 2.5%
6) 3/2019 $ 0.76 E $ 0.00 E $3,367.40 E 33.7% 0.0% *$ $30.58
57.7% $250.00 2.5%
7) 3/2020 $ 1.07 E $ 0.00 E $4,714.37 E 47.1% 0.0% *$ $42.81
54.9% $250.00 2.5%
8) 3/2021 $ 1.50 E $ 0.00 E $6,600.11 E 66.0% 0.0% *$ $59.93
52.9% $250.00 2.5%
9) 3/2022 $ 2.10 E $ 0.00 E $9,240.16 E 92.4% 0.0% *$ $83.90
51.4% $250.00 2.5%
10) 3/2023 $ 2.94 E $ 0.00 E $12,936.22 E 129.4% 0.0% *$ $117.46
50.1% $250.00 2.5%
Totals $43,786.02 E Ratio 17.5:1 $ 0.00 E $2,500.00
* Sub-total dividends is less than the breakeven point of investing in T-bonds
Performance History - Copyright © 2014, F.A.S.T. Graphs™ - All Rights Reservedwww.fastgraphs.com
Read more at http://www.stockhouse.com/companies/bullboard/v.inp/input-capital-corp#heol7bCq6GsmLf5u.99
About Input
Input is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. Input enters into canola streaming contracts with canola farmers in western Canada. Pursuant to the streaming contract, Input purchases a fixed portion of the canola produced, at a fixed price, for the duration of the term of the contract. Input is a non-operating farming company with a portfolio of twenty canola streams, all of which produce canola and revenue for Input in the year the agreement is signed. Input plans to grow and diversify its low cost canola production profile through entering into additional canola streaming contracts with farmers across western Canada.
Input is focused on farmers with quality production profiles, excellent upside yield potential, and strong management teams. Input has completed canola streaming contracts in Northern Alberta, Western Saskatchewan and throughout East Central Saskatchewan.
Input Capital Corp. Announces the Full Exercise of Over-Allotment Option in Connection with its Recent Bought Deal Offering
REGINA, July 18, 2014 /CNW/ - Input Capital Corp. ("Input") (TSX Venture Exchange: INP) is pleased to announce today the closing of the over-allotment option (the "Over-Allotment Option") granted in connection with its previously announced bought deal offering (the "Offering") of Class A common voting shares of Input ("Common Shares"). Pursuant to the Offering, a syndicate of underwriters led by GMP Securities L.P. and including Paradigm Capital Inc., Beacon Securities Limited, Acumen Capital Financial Partners Limited, AltaCorp Capital Inc., Canaccord Genuity Corp., Cormark Securities Inc. and National Bank Financial Inc. (the "Underwriters") have exercised in full their Over-Allotment Option to purchase an additional 2,625,000 Common Shares at a price of C$2.30 per Common Share for additional gross proceeds to Input of C$6,037,500.
The aggregate gross proceeds of the Offering, including the exercise of the Over-Allotment Option, are C$46,287,500.
loads of insider buying,,,,approval of confidence going forward.....
http://canadianinsider.com/node/7?menu_tickersearch=INP+|+Input+Capital
Input Capital Corp. Completes C$40,250,000.00 Offering
V.INP | 1 day ago
http://www.stockhouse.com/news/press-releases/2014/07/09/input-capital-corp-completes-c-40-250-000-00-offering
Input Capital Corp. Comments on Flooding in Saskatchewan
V.INP | 1 day ago
REGINA, July 9, 2014 /CNW/ - Input Capital Corp. ("Input") (TSX Venture Exchange: INP) commented today on media reports of flooding in Saskatchewan and the potential impact on its canola streams.
While the impact of flooding in SE Saskatchewan has had a severe impact on many towns and the roads that connect them, it is too early to know with certainty about the impact of the flooding on the farm partners of Input. Input President and CEO Doug Emsley made the following points:
Input pursues a deliberate strategy of geographic diversification across all three Prairie provinces. Some of our farmers are in the affected areas, but most are not.
Input requires every farmer to be a participant in crop insurance, which guarantees a farmer 70% of his long term production average. Crop insurance is designed to keep farmers farming, so it is a very good counterparty risk reduction tool for Input. Flooded fields will trigger crop insurance payments to farmers.
As part of the risk management in Input's underwriting of a farmer, Input's expected canola tonnage represents about 50% of the farmer's long term production average for canola, and often less. This is well below the yield guarantee the farmer has from crop insurance.
A decline in overall Prairie canola production tends usually leads to increased canola prices and/or narrower basis, which add to Input's revenue on every tonne of canola received from unaffected farmers.
We believe that Input can play a role in assisting affected farmers by signing them up to new streaming contracts. A streaming contract is much more flexible than bank financing or trade credit.
Emsley went on to say: "Many of our farm partners and their families have been farming for generations, through drought and flooding and grasshopper invasions and the Dirty Thirties. They are resilient. Our intention is to build Input into just as resilient a company, so that Input is also around for decades to come."
Read more at http://www.stockhouse.com/news/press-releases/2014/07/09/input-capital-corp-comments-on-flooding-in-saskatchewan#MKcLLUP1VRIQfbem.99
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