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.
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.
WTF is going on today? 50k shares traded in first 45 minutes.
The P/E was way too high at 45x prior to the earnings release. The P/E has since gone down to 33x which is reasonable since they've been experiencing such impressive growth numbers and near term growth is expected to continue in this direction.
I don't think the Australia announcement would have much of an affect on the PPS. Look back at the Gly-Tech Brazilian distributor announcement for instance. This distributor relationship never really materialized. Hopefully this Australia one does but we probably won't find out until FY2015.
More positive news. Just keeps getting better and better. Accumulate your shares!
http://seekingalpha.com/pr/9036283-profire-energy-announces-distribution-agreement-with-combustion-company-in-australia
"We have expanded our sales team, and plan to continue hiring additional sales professionals to grow revenue in the expanding U.S. market. With recent and planned hires coming on-board, we expect to soon have a sales team of approximately 20 people."
Hopefully some of the additional sales personnel will materialize in this last quarter.
Thank you!
Side note, I think FY2014 revenues come in slightly over $36 mill.
I need to check out the requirements to uplist. This being a technology focused company (within O&G industry) my guess is they'll shoot for the NASDAQ uplisting. I understand you have to maintain a certain level of equity on the balance sheet for x years but I'm not familiar with the other requirements. Would like to see how far/near along the way they are.
Q4-2013 revenue was $5,289,340. For the past 3 quarters the company has achieved >100% revenue growth each quarter over the previous year.
Assuming they do at least 75%- 100% growth in Q4 over Q3-2013:
1.75 x $5,289,340 = $9,256,345
2.00 x $5,289,340 = $10,578,680
Average = $9,9175,512
I think the action today was in part related the PE and RSI settling. PE Is too high. All of us that have followed this company know where its headed. I'm actually surprised there wasn't more selling considering 2.7 mill shares we're bought at such a huge discount from current PPS. Its actually encouraging. The signal i get from this is that those investors who got a discount on the private placement aren't willing to dump at this price. They're basically confident in the long term direction of the company.
The P/E should now be around 32.5x. Still pretty high but a reasonable P/E of 25x should put the PPS around $3.00. Like you said, some news between now and the 10k should hopefully keep this floating between $3- $4. Possible news on new sales offices, distributors, product line, international expansion, ect.
Haha
Do you have E-trade? Under PFIE's "Earnings" tab in E-trade is shows that 2 analyst were predicting $0.03 EPS but it does not state their names or who they're with...?
Awesome results! Their profit margins are ridiculous, 16%!
Each of the previous 3 three quarters this fiscal year they've achieved >100% growth. Assuming they achieve half of this in FY2015 they could see revenues of $50 million.
Going by the math, $50 mill x 16% PM = $8 mill profit.
$8 mill / 47.8 mill O/S = $0.17 EPS FY2015.
P/E 45x $0.17 = $7.65 PPS
P/E 30x $0.17 = $5.10 PPS
A lot of upside potential here over the next year. Accumulate!!
The Company reported record quarterly revenue for the three months ended December 31, 2013 of $9,530,837, and net income (after-tax) of $1,206,306, respectively. These figures represent a 169% increase in revenue and a 470% increase in net income (after-tax) compared to the same period of the prior fiscal year.
Yea, sooo..... based on these results, not sure why anyone would sell.
Great results!
So trailing twelve months EPS is $0.12. This should adjust the current P/E to 32x at $3.80 per share.
AWESOME Results!!
No, just check the news feed. Wouldn't expect it until 9am EST
Guess we'll find out tomorrow morning.
The largest insiders are the founders and owners of the company. I don't believe they would reduce their position on a disappointing quarter. Especially after a record 6 months so far.
History has shown they report before the bell.
Not exactly sure why someone would be selling into earnings considering the company has achieved record revenue & profit growth in the last 2 quarters.
Along with earnings tomorrow I'm thinking the company will release revised projections for year end. They're only $6 million away from their initial forecast of $22.5 million.
It would be encouraging to hear plans on international expansion but I get the feeling management wanting to solidify their foothold in the US market first.
Also, I completely agree with you on the P/E. It's much higher than the oil & gas supplies sector average. Impressed that it's held this level even after the placement. Then again, there's only a 7 mill float. Shares sold seem to get picked up pretty quick.
Glad to be around. Haven't been active on the board in a while. Been messing around with some intra-day trading on these crazy MJ stock.
I agree with you on pretty much all of your comments. With the addition of 2 new directors in Q3, executives, & sales personnel, I'd expect to see slightly higher G&A along with any non-cash stock expense issued to those employees. Not to mention the $568k finders fee to Maxim & Chardan for the offering. We'll surely see overall expenses be higher than Q2.
The horrible winter weather season should definitely be a factor. I started thinking about this. I wonder how much of their recent revenue growth has been tied to new wells/drilling and how much has been tied to replacing the manual legacy burner management systems that already exist on the refining side.
Q3-2012 revenues were 43% higher than Q3-2013, and this is when I believe they were purely Canada in 2012. It's obvious they've been building a lot steam this year and I don't expect Q3 revs to be that much less than Q2. I will buying tomorrow when my brokerage funds free up but may put a stop-loss in Friday morning depending on results.
If results come in much weaker than expected and we take a dip, I'll be buying back in at lower levels.
For the record, I'm expecting $0.03- $0.04 EPS, but I'm hoping for $0.05- $0.06
New patent filed. Filed on July 19, 2013 and published Jan 23, 2014. Coil System and Housing.
https://www.google.com/patents/US20140022038?dq=profire+energy&hl=en&sa=X&ei=yJL7UsuTEOjF2AXLuYCQCw&ved=0CEIQ6AEwAg
There's also another patent that was filed that I believe is unrelated to the valve technology announcement they made in September. It looks to be an extension of their burner plates.
https://www.google.com/patents/US20130280664?dq=inassignee:%22Profire+Energy,+Inc%22&hl=en&sa=X&ei=M5X7UuD2D8K22AXjmYDADA&ved=0CDwQ6AEwAQ
Any predictions on Q3? Revenues and PM?
Friday. Historically they've reported before the bell.
No paid promotions for MCIG. This is a great sign! The PPS is being driven purely by the market.
http://stockpromoters.com/View-Stock-Promotions-By-Symbol.aspx?symbol=MCIG&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.x=0&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.y=0
Yea, old as of Friday.
I wasn't saying it was bad news. It's good news.
mCig website: "**Due To Order Build-Up, All Orders Placed After January 27, 2014 Will Be Fulfilled On The Week of February 10** - See more at: http://www.mcig.org/buy-online/#sthash.0XMdbbhm.dpuf"
MCIG still best & most legit MJ stock! DD!
Keep in mind VAPE (another eCig company) went from $0.44 (8/23/13) to $49.00 (9/18/13). mCig is going to run!!
DD Notes ~ http://www.ddnotesmaker.com/MCIG
##### recent news/filings ~ source: finance.yahoo.com
Mon, 03 Feb 2014 13:35:00 GMT ~ mCig, Inc. Publishes First Investor Presentation and Officially Unveils VitaCig, Inc.
[GlobeNewswire] - BELLEVUE, Wash. -- mCig, Inc. (OTCQB:MCIG) is pleased to release its first investor presentation for the month of February 2014. This presentation also known as an "Investor Deck" will serve ...
read full: http://finance.yahoo.com/news/mcig-inc-publishes-first-investor-133500435.html
*********************************************************
Mon, 03 Feb 2014 10:30:00 GMT ~ Capitalizing On Cannabis: Marijuana Investing Moves To Main Street
read full: http://seekingalpha.com/article/1987681-capitalizing-on-cannabis-marijuana-investing-moves-to-main-street?source=yahoo
*********************************************************
Fri, 24 Jan 2014 13:40:00 GMT ~ mCig, Inc. Acquires Vapolution, Inc., Entering Traditional Vaporizer Market
[GlobeNewswire] - -- First Strategic Acquisition Marks Entry to New Market
read full: http://finance.yahoo.com/news/mcig-inc-acquires-vapolution-inc-134000743.html
*********************************************************
Wed, 22 Jan 2014 13:30:00 GMT ~ mCig, Inc. - Forms Medical Advisory Board in Preparation for Next Line of Products
[GlobeNewswire] - BELLEVUE, Wash. -- mCig, Inc. (OTCQB:MCIG) is pleased to announce the formation of a Medical Advisory Board to help oversee the company's strategy and assist in the preparation to enter new markets. The ...
read full: http://finance.yahoo.com/news/mcig-inc-forms-medical-advisory-133000205.html
*********************************************************
Fri, 10 Jan 2014 14:15:00 GMT ~ mCig, Inc. Officially Launches mCig 2.0 -- World's Most Affordable Personal Vaporizer
[GlobeNewswire] - BELLEVUE, Wash. -- mCig, Inc. (OTCQB:MCIG) is pleased to announce the official launch and rollout of the mCig 2.0, the company's next generation herbal eCig retailing for only $10 globally. The company ...
read full: http://finance.yahoo.com/news/mcig-inc-officially-launches-mcig-141500533.html
Link: http://www.otcmarkets.com/stock/MCIG/company-info
Ticker: $MCIG
OTC Market Place: OTCQB
CIK code: 0001525852
Company name: mCig, Inc.
Incorporated In: NV, USA
##### extra dd links
Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001525852&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/MCIG/filings
Latest financials: http://www.otcmarkets.com/stock/MCIG/financials
Latest news: http://www.otcmarkets.com/stock/MCIG/news - http://finance.yahoo.com/q/h?s=MCIG+Headlines
Major holdings: http://data.cnbc.com/quotes/MCIG/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=MCIG+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/MCIG.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=MCIG
RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=MCIG&search=search
DTCC: http://search2.dtcc.com/?q=mCig%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=mCig%2C+Inc.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=mCig%2C+Inc.&x=0&y=0
http://www.pennystocktweets.com/stocks/profile/MCIG
##### last known share structure ~ source: otcmarkets.com
Market Value: $97,907,625 a/o Feb 04, 2014
Shares Outstanding: 270,090,000 a/o Oct 31, 2013
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available
##### business description ~ source: otcmarkets.com
IC
DD Notes ~ http://www.ddnotesmaker.com/MCIG
Georgia and Alabama next??
http://www.cbsnews.com/news/medical-marijuana-gets-traction-in-the-deep-south/
Yep. Did my BBA and MBA their.
MCIG is a beast!!
Just a matter of time. PHO$, MJN$, GRN$, have all seen a squeeze. With MCIG's low O/S, when this squeezes, it'll be huge.
If their fiscal year ends January 31st then they will report mid March
Good call. Didn't see that. It's just a little weird they would set their fiscal year to end in January?