Sadot Group Inc (SDOT)

[hgfish]

Did anyone figure out what they needed 2 million dollars for so bad that they had to sale at discount to market?

[Fredric]

HOLDING TIGHT

[PURA VIDA]

Dumped it again - all of an 18 cent profit - didn't like the action at all today.
Oh well, always another day.

[PURA VIDA]

Yes, that sound much better - congrat's

I just jumped back in at 1.00 and will watch it VERY closely. I'm just flipping it for now.
I totally agree with your analysis and until such time it isn't so easily manipulated - just flip
and take small daily gains. I'm happy with 100-200 dollars a flip. It all adds up longer term.
If I can pay half of my bills every month with the small gains - it makes me happy. If I hit
a bigger gain - that makes me much happier 😀

Continued success and LUCK - one can always use luck as well.

[nudie]

Thanks. +17.03% looks much better in my account then this crap ah down to .99.

Still believe SDOT is way undervalued, but not burning my fingers on it as it could be also a pump and dump stock. Where are all those shares coming from, with such a low AS and golden future you would expect less selling

[PURA VIDA]

Glad to hear you are making profits in the other. Best of success !!!

[nudie]

I took starter again late friday on heavy buying but sold directly at open today when I saw L2. So far not lucky in this ticker, glad I turned back to other ticker going for +10% for the day :)

[PURA VIDA]

I flipped it already - made a decent little day-trade profit - going to keep flipping as they seem to run it to both sides of the bollingers almost daily. As well, they left a gap, and so far, every gap goes back to be filled.

Not falling in love with this one until it goes above both the upper bollinger and the 200 EMA on the 10 day - 30 minute chart and stays above them. Then, I might hold it a little longer for a "trend-trade".

[hgfish]

Good job the company says it is only worth a dollar so no one should pay more even though it was trading at a 1.30 at the time.

[PURA VIDA]

Still being manipulated - but seems to be tapering off. I went ahead and took another
starter position this morning at a buck. If technical's and other developments improve,
I will continue to add more. I'm going to keep a close eye on it though, and if I have to
sell - I won't risk too much. Have a great day.

[hgfish]

Don't look like the share holder call did much good.

[nudie]

Look at all the sells today, multiple 10K sell trades, where all these shares coming from? Get a bit a OTC share selling feeling here.

[nudie]

I put it in another ticker which at least is going up. Will keep an eye here, but only come back when we see a real break out, if we ever will see it.

[hgfish]

well another fine day of going no were.

[nudie]

Revenue in July is 53M. Expected more, american latin routes didnt add any revs so far.

[Fredric]

I'm shocked that with all that's going on. We can't take off.
They are holding this stock hostage

[hgfish]

Amen

[nudie]

Also fed up with this ticker. Why do I always stay too long in the same ticker, while knowing that trading suits me and my bank account much better.

[hgfish]

Well we go from a 10 million dollar company to a half billion dollar company and can, t hold much over a dollar stock price because of a dumbass 2 million dollar deal at a 30 cent discount. It just gave the short sellers a reason to sell and they are most likely the market makers.

[PURA VIDA]

I watched it do that and actually had a bid in at .91 while it was going on. I got hopscotched over though. The markets are pretty corrupt and MM's can actually sell to other MM's and piss on anyone else. We've seen some major WHIPLASH since the conversion/dilution - and again short selling numbers have actually increased.

Anyhow, I am getting kind of skeptical again about this. It appears as though both the dilution and the short-sellers are totally manipulating this ticker. I also got this in my inbox over the weekend which shows that even stock trading newsletters are getting alerts (basic numbers) on dilution.

I think longer term, this stock has a lot of promise - I just feel a little taken advantage of by the events of the past few weeks. Anyhow here's the newsletter update:

Simply Wall Street - SDOT: New major risk - Shareholder dilution

Sadot Group
SDOT
Share Price 1.10
7 Day -6.8%
1 Year 150.0%

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year.

Increase in shares outstanding: 60%

This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings.

Currently, the following risks have been identified for the company:

Major Risk

Shareholders have been substantially diluted in the past year (60% increase in shares outstanding).

Minor Risks

Share price has been volatile over the past 3 months (11% average weekly change).
Market cap is less than US$100m (US$50.7m market cap).

[nudie]

It just touched .90, that was a good re entry point. I missed it, didnt think it rould go there so fast.

[PURA VIDA]

Everyone have a good weekend. I am off for the day heading to a class reunion.

[PURA VIDA]

Yes, I also had to dump when we broke below 1.05 and EDGX was still heavy on selling.
Watching closely for re-entry.

[Fredric]

Selling us down the river. Which is bad but good for me. To buy more at a cheaper pps but geez man they're having a field day

Gotta love Friday's.

The market is starting to look like itself again pre pandemic

[PURA VIDA]

You are right - premarket is looking weak. I have an order sitting there at 1.05 and one filled above me at 1.0503

Not sure how low they will push it.... they have pushed it low before to run stops.

Upper bollinger 1.21
Lower bollinger 1.05

S1 - 1.05 (which is actually an extended hours inter-day gap 8-3-23 at 17:30)
S2 - 1.00
S3 - .96 (the low since ticker change to SDOT)

Bid 1.05
Ask 1.10

[nudie]

Premarket doesnt look good. Lets see how low they are going to push this.

[PURA VIDA]

I hear you - but I'm still hanging in here. I have flipped several times during the turbulence
might do it again - but so far averaged in decently. Best wishes and let me know if you get back
in.

TDA still only shows 41.1MM shares outstanding.

[nudie]

Out for now, dissapointed with the selling. I saw OS is now 46M+, so they gave out more shares then only the 2M for warrents.

[hgfish]

Sounds right here in backwards world show a profit and go down 5%.

[PURA VIDA]

We are at S3 which has been the low point 3 times... I just hope they stop dumping again here.
I have doubled down in this area - but hellllllll

[nudie]

Getting tired of manipulation. Where does al the shares come from?

[PURA VIDA]

UPDATE - yes, 34.4K
I think I did see that earlier. A lot of indecisiveness going on right now.
Markets not sure how to take the postive EPS, but the revenue miss.

EDGX currently has a "false ask" at 1.18 (more dumping ?? )

But, later in the day I "think" we will go up.

[nudie]

Is that 34K showing on 1.20 last EDGX have?

[PURA VIDA]

Yes, it would be "GREAT" to get enough buying interest and volume to not only take EDGX and any remaining converted warrants out of play - but to create a short-squeeze as well taking those who are shorting SDOT out of the picture. Shorts actually increased at the end of last month.

(Keep in mind, that the last 3 trading sessions, they run the price down early to take peoples shares)

Short Interest
(% of float 07/31/23) 8.76

“We are pleased and proud to report that Q2 was a strong continuation of the past two quarters highlighted with our first ever profitable quarter in the company’s history,” said Michael Roper, CEO of Sadot Group Inc. “We have begun reaping the financial benefits of our global diversification strategy, which exemplifies our strategic approach to expanding into each of our three main business units (“Sadot Agri-Foods” also known as “Sadot LLC”, “Sadot Farm Operations” and “Sadot Food Service Operations”). By broadening our perspective, we seized the opportunity to venture into new markets and businesses within the global food industry. This move not only offers significant financial prospects but also generates social and environmental value.”

[nudie]

Me too, hope we get real volume and they are not able to block anymore

[PURA VIDA]

Pre-market spread 1.18 to 1.21 with most shares at 1.21

Upper Bollinger 1.21
Lower Bollinger 1.17
R1 1.19
R2 1.21
R3 1.24
S1 1.17
S2 1.15
S3 1.10

At this moment, only 3,561 shares have been traded - so it's too early to predict reaction to Q

It sure would be nice to break and hold above 1.24 today and never look back.
Blue skies are what I am hoping for.

[nudie]

Both Zacks and Goldman which have price targets of $5 and $4,50 estimated a loss of 0.03. So they beated them by 4 cents!!

[nudie]

Quote from pr:

I am thrilled to announce that the days, weeks, and months ahead will be filled with exciting news.

Next will be July sales, curious to see what Safot Latam will contribite. Then also approval from Zambian government should be around the corner.

[PURA VIDA]

I'm quite happy with that. Net income, net profit, cash on hand, receivables etc. all increasing.
Much better days are still to come - what a turnaround tale.

https://feeds.issuerdirect.com/news-release.html?newsid=5825299395811174

[nudie]

Net profitable! Eps 0,01. Excluding stock consulting costs 0,04.

[Fredric]

Gonna get Interesting...

Changes in core parameters of SDOT’s service agreement with AGGIA serve as a boon to the Company’s adjusted net income.The 50% reduction in compensation expenses associated with these changes became effective as of April 2023.

The acquisition of farmland in Zambia and the formation of a business entity focused on the Americas diversifies SDOT’s business and could have a material impact on future gross margins. Revenue contribution to Sadot could commence in 4Q23.

Our revised forecasts reflect some seasonality and the new initiatives.As for the full P&L, for 2Q23, we project $160M in revenue with a loss per share of ($0.03). For the full year, we currently project revenue of $740.3M and a loss per share of ($0.09). In 2024, we project top-line of $850.8M and EPS of $0.11.

Our 12-month target is $4.50, which represents a reasonable 15x our adjusted EPS of $0.30 for 2024. We believe that given the structure, an adjusted P&L model is the most appropriate valuation metric for these shares.

[nudie]

https://www.goldmanresearch.com/202308081380/Opportunity-Research/new-name-new-initiatives-for-sdot.html

Update on previous report.

They expect revs in q2 160M and eps of -0,03. On adjusted base excl stock compasation a eps of 0,03.

[PURA VIDA]

Well, I believe they may have gotten the information out of the presentation link which was included
in the press release - and I did browse though it at that time and the link worked. Of course after that,
the link was deleted on Sadot's web server.

Just guessing that's where they found the info - but then again - they could have made a mistake
as the numbers they presented were the same as the Q1 numbers - who knows ??

[nudie]

With Sadot agreement change eps will come in higher. Hoping for b-e. Revs will probably fall short of estimate.

That b-e is including stock compasation. Without it will be profit.

[Fredric]

Enjoy that mower.

[Fredric]

1.20 flat. Says a lot. Probably be a steady and even trading day upon Rev release. Unless their is some awesome hidden news we know nothing about.

Funds clear Friday I'll be buying more to average down. I'm still under from the big rush last week

[PURA VIDA]

At this point, I can't understand why EDGX won't let it run. If it is indeed Altium still dumping
then you would think they'd like to get a little more money on their investment. But, it is definitely
EDGX doing the major block at 1.20 and bracketing on bottom at 1.19

Who knows - I just hope we get more buying to get rid of them.

Look, they are taking it to 1.18 to fill the little gap left this morning. GEESH
Might even hit 1.17 which is the inter-morning gap and 200 EMA 30m/10d support.

Closed her at 1.19

Have a great evening - I'm heading out to use my new mower that was just delivered.
Enjoy

[Fredric]

Yeah just checked it. They changed it to the 9th after hours
But it's also showing expected eps earnings per share negative - 0.02

I'm assuming this is the reason we have so many sells. But we're holding strong

Let's see what tomorrow brings

[PURA VIDA]

I can only speculate that it was in the press release that was let out yesterday. But again,
I have not combed through it. I've been busy trying to get a few things done today... checking
prices and such every so often. Expecting multiple deliveries today.

Hopefully have more time later this evening.... but yes, it is odd how things have unfolded at
this time.

[nudie]

Really curious where Benziga got that 210M revs from. Not a number you just make up.