Unruffled.
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Lol. You’re right. Big picture it’s a mouse fart — as long as you didn’t dither then fomo buy then panic sell.
Longggggg and strong.
Impressive rebound. All the big new funds scooping any dips by the looks of it.
Every mega dip is a buying opp for those who don't get shooketh. Onwards and upwards.
Bought the dip, now for the fries...
Great burgers and great company ethos. Chain has 10-year history and grown to 130 locations. New money and new management recently arrived to roll it out further across the country.
Shake Shack watch out.
Yup. Never good for the price, but one can look at it as the price of surviving the pandemic hit to retail revs. Stores still open so company can make up for it by delivering next Q of earnings growth while staying on top of costs.
You sure called it. Well played. P/E definitely high now, and earnings now due Thursday will be relatively soft. But not stopping this new wave of buyers.
Really hope management outlines a nice slate of wider initiatives for the next few years. TPL private land only gets more attractive with federal fracking bans and the proposed Gulf leases getting nixed today.
Added some more. Weekly MACD still looks great. Another nice earnings update will send this back up nicely.
Choom-choom train moving back up nicely.
Agreed. Buybacks were only put on hold during the C-Corp transition. Would expect to see them resume. I also think a stock split will get put on the table before too long.
Buying ratio still very strong here thanks to funds now able to flow in.
What a beast. All time highs today and oil price still only around $55.
Onwards.
CEO sure knows how to kill a run. Not fatal, but terrible timing when you're trying to rebuild shareholder confidence.
Cashflow bumps not a surprise after year of lockdown, but next Q better show they are continuing to reduce costs while the revenue builds.
This PR got released last night:
Choom Announces Non-Brokered Private Placement
____________________________________________________________________________________
Vancouver, BC – January 26, 2021– Choom Holdings Inc. (“Choom” or the “Company”) (CSE: CHOO;
OTCQB: CHOOF), a fast-expanding retail cannabis company that has established one of the largest store
networks in Canada, to announce that it plans to conduct a non-brokered private placement of up to
27,500,000 units of the Company ("Units") at a price of C$0.07 per Unit for gross proceeds of up to
C$1,925,000 (the "Private Placement").
Each Unit consists of one common share (a "Share") and one-half of one transferable warrant with each
whole warrant (a "Warrant") exercisable at a price of $0.12 per Share for a period for a period of 24
months following the date of issuance (the "Closing Date").
All or a portion of this placement could be subject to finder’s fees or commissions. The private placement
is subject to the approval of the Canadian Securities Exchange and the securities will be subject to a four
month and one day hold period under securities laws.
The Company intends to use the net proceeds from the private placement for general working capital and
corporate purposes.
About Choom™:
Choom™ is a fast-expanding retail cannabis company that has established one of the largest store
networks in Canada. The Choom brand is inspired by Hawaii's “Choom Gang”—a group of buddies in
Honolulu during the 1970's who loved to smoke weed—or as the locals called it, “Choom”. Evoking the
spirit of the original Choom Gang, our brand caters to the Canadian market with the ethos of ‘cultivating
good times’. Choom™ is focused on delivering an elevated customer experience through our curated retail
environments, offering a diversity of brands for Canadians across a national retail network.
For additional information
Choom contacts:
Corey Gillon, CEO Chris Bogart, President
Telephone: 604-683-2509 Telephone: 604-683-2509
investors@choom.ca
Life in the OTC. Late arriving fomo buyers wetting the bed.
On the last run to .16, it churned around .10 before pushing on up. Let's see if it does that here.
Volume going nuts on the chart -- https://investorshub.advfn.com/uimage/uploads/2021/1/25/rurapScreen_Shot_2021-01-25_at_11.51.08_AM.png
This ran to .16 last spring. If it does so again, it'd make a fantastic cup and handle for next earnings update.
Choom had two big revenue jumps in last two Qs. If next one delivers more growth while maintaining the positive trend in managing costs, then the fun will really begin.
Agreed. Buy to sell ratio is 5:1 and still below radar given the overall volume. Hopefully company puts out upcoming date for next quarterly earnings PR.
Into the .08s. Go Choom.
Holding in the .06s. So far, so good.
Nice. Fake ask wall backed off and we broke above .06. Monthly MACD is a thing of beauty. Just add volume and next round of revenue figures in next Q.
https://investorshub.advfn.com/uimage/uploads/2021/1/14/r[nyoScreen_Shot_2021-01-14_at_11.46.22_AM.png
Next Q due in about six weeks. If they keep up revenue progress with the store reopenings, stock will start to move. Enterprise value is 3 times value of current market cap and chart has re-set nicely.
Choom Announces Q1 2021 Financial Results - Reporting Record Revenue of $6.1 million
Press Release | 12/01/2020
VANCOUVER, British Columbia, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Choom Holdings Inc. (“Choom” or the “Company”) (CSE: CHOO; OTCQB: CHOOF), a fast-expanding retail cannabis company that has established one of the largest store networks in Canada, is pleased to report its financial and operating results for the first quarter of fiscal 2021 ending September 30, 2020.
First Quarter Financial Highlights:
Q1 2021 revenue of $6.1M
• Increase of $2M and 50% over Q4 2020 revenue of $4.1M
Q1 2021 Gross Margin of 36.33%
• Increase of 3.06% over Q4 2020 gross margin of 33.26%
Q1 2021 G&A of $1M or 15.74% of revenue
• Versus $1.2M or 28.68% of revenue Q4 2020
Q1 2021 Salary and Wages of $1.1M or 18.24% of revenue
• Versus $0.8M or 20.17% of revenue Q4 2020
First Quarter Divisional Highlights:
Finance:
Choom continues to make strides in our strategic path to profitability, increasing sales while right sizing expenditures, improving margins, and inventory efficiency through our centralized product team resulting in positive adjusted EBITDA 1 for the quarter of $35K.
Operations:
As we move forward with our new store growth strategy, ground has broken in Yaletown, Vancouver, with an opening set for January 2021. Additionally, a 4th development permit was secured in Vancouver, further creating defensibility amongst other national competitors.
During the quarter, we re-opened the Westlock store location that had been previously closed due to COVID-19. Additionally, in Q2 we re-opened Camrose 48th, another location that was previously closed, bringing our open and operating store count to 14.
Brand:
Choom’s marketing vision receives industry recognition, with nominations for three prestigious awards by ADCANN this November: Storefront Brand of the Year, Marketer of the Year and Best Social Media of the year. Our digital development also continues as we enhance our industry-leading technology on Choom’s 2.0 digital platform, further positioning ourselves as a technology enabled Cannabis retailer, supporting our strategic pillar of creating a true omni-channel experience.
Culture:
The further centralization of our business model continues to attract top talent both at our store support center as well as at our retail locations. Work continues to bring key functions of our team in-house, reducing reliance and costs related to contractors and consultants, allowing for improved business support.
About Choom™
Choom™ is a fast-expanding retail cannabis company that has established one of the largest store networks in Canada. The Choom brand is inspired by Hawaii's “Choom Gang”—a group of buddies in Honolulu during the 1970's who loved to smoke weed—or as the locals called it, “Choom”. Evoking the spirit of the original Choom Gang, our brand caters to the Canadian market with the ethos of ‘cultivating good times’. Choom™ is focused on delivering an elevated customer experience through our curated retail environments, offering a diversity of brands for Canadians across a national retail network.
Inching closer to breaking .06. Weekly MACD now crossed over. Just need a little volume.
Off to a good start - New 52 Week High at $843.84.
So up 5% on first day as a corporation.
Monthly MACD heading back up after four year rise and fall is a big bull signal for me. Won't be surprised if we hit $1000 per share before too long. Buy-Sell ratio is nearly 4-1 today, presumably on first influx of institutional buyers. Partly depends on upcoming 10-K, but last Q showed revenue held up pretty solidly despite pandemic plunges all around, esp. in energy sector.
Royalty model means it doesn't matter if rest of the oil sector and Permian corrects and consolidates, just so long as they keep their drilling on $TPL land. No capex other than for water biz, which some think will spin off now under corporation status. (Insurance risks too high, for one thing.)
We shall see, but so far, so good.
Plus news of a stock split should materialize before too long.
Agreed. This is now set up for a strong few years chart-wise. Monthly MACD just crossed over as you can see.
Last time it did that was back in 2016 and it went on a 8-bag tear. Oil prices more likely to remain above $50 per barrel with vaccines rolling out and oil sector (harshly for many) consolidated, plus corp status switch opens up TPL to all the institutional money which couldn't invest while it was a trust...
Good times ahead for a while, methinks.
https://investorshub.advfn.com/uimage/uploads/2021/1/8/zozmqScreen_Shot_2021-01-08_at_9.56.04_AM.png
Up again. Nice little crypto trust here. Like owning bitcoin without all the drama.
Boss Hog approves!
Perfect U turn. Up 38% in two days. Price got beaten down by the unlocked Ethereum sells from ETHE, but bouncing right back.
2021 all set to be the year crypto settles into more and more mainstream portfolios.
Monster bounce today. C-Corp anticipation kicking in. Institutional investors will be able to buy in come Jan 11. Next few years shaping up nicely.
Grabbed a bunch of 7.00s. Strapping in for the long haul. GLTA.
Makings of a nice bottom play here. Was in for the run up a couple of years ago on basis of company presentation, then pot bubble cooled off. But always liked Choom's vibe and the company has now increased retail income dramatically this past quarter. If next Q continues that level of revenue growth, this should reset nicely as post-lockdown business returns. Plus they have toe-hold in US market.
Tony, I have 1.1 million shares to add to the count.
Best,
Nest
Hi Dusty, I've been doing a Jerry Falwell and watching from the corner. Great to see this ticker fighting back. Dilution has been grim, but still think the gummies are a long-term winner if they can progress to manufacturing out of Houston.
OS now up to 344,496,788. Was only 90 million not so long ago.
Impressive PPS considering.
Yup. Looks like it will be a long road back with grim Q2 figures for Shell too:
Royal Dutch Shell has reported a deep financial loss after a record writedown on the value of its oil and gas assets due to the collapse in global market prices triggered by coronavirus.
The Anglo-Dutch oil giant revealed a net loss of $18.3bn (£14.1bn) for the second quarter of 2020, down sharply from a net profit of $3bn over the same period last year and $2.7bn in the first three months of 2020.
But the company was rescued from what was expected to be its worst set of quarterly financial results on record by its oil trading business, which helped shore up the company’s income as prices plunged to 21-year lows.
Shell reported an adjusted net income of $638m in the second quarter, down 82% from the same period a year earlier, after analysts predicted a $664m loss.
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Ben van Beurden, Shell’s chief executive, said the company had delivered “resilient” cash flows in “a remarkably challenging environment”.
The company was still forced to make a record downgrade to the value of its oil and gas assets through a post-tax impairment charge of $16.8bn, after revising down its forecasts for global oil prices in the wake of the Covid-19 pandemic.
The writedown includes the group’s stake in an offshore oilfield in Nigeria, owned in partnership with Italian oil company Eni, which is at the centre of an ongoing corruption court case in Italy.
Shell expects global oil prices to remain well below average 2019 levels for the next three years. It has forecast oil prices to average $35 a barrel in 2020, rising to $40 in 2021, $50 in 2022 and $60 in 2023. The average oil price last year was $64.36 a barrel.
Falling oil price forecasts has also taken its toll on French oil company Total, which announced an $8bn writedown on the value of its assets, including $7bn from its Canadian oil sands.
Total reported a profit for the second quarter of $126m, down 96% from the same months last year, but has decided to keep its shareholder dividends in tact.
Earlier this year Shell slashed its shareholder dividend for the first time since the second world war and warned it is facing a “crisis of uncertainty” following the collapse of global oil prices.
Van Beurden said the “monumental” decision to cut the payout by 66%, from $15bn last year to $5bn this year, was difficult but necessary to preserve the financial resilience of the company.
Shell revealed in April that its profits for the first quarter tumbled to $2.9bn (£2.3bn), down 46% from $5.3bn in the same quarter last year, but that the second quarter would be worse.
The company said it would scrap all executive bonuses for this financial year, and cut its spending budgets and costs to save up to $9bn. Shell said it would “probably” consider voluntary redundancies later in the year.
Q2 Results:DALLAS--(Business Wire)--Texas Pacific Land Trust (NYSE: TPL) today announced financial and operating results for the second quarter ended June 30, 2020.
Net income of $27.6 million, or $3.56 per Sub-share Certificate, for the second quarter ended June 30, 2020 compared with $49.6 million, or $6.39 per Sub-share Certificate, for the second quarter ended June 30, 2019.
Revenues of $54.6 million for the second quarter ended June 30, 2020, compared with $87.3 million for the second quarter ended June 30, 2019.
Decreases of 48.3% in oil and gas royalty revenue and 58.8% in water sales and royalty revenue, partially offset by an increase of 10.8% in easements and other surface-related income for the second quarter ended June 30, 2020 compared with the second quarter ended June 30, 2019.
EBITDA of $38.6 million for the second quarter ended June 30, 2020, compared with $64.3 million for the second quarter ended June 30, 2019.
Results for the six months ended June 30, 2020:
Net income of $85.0 million, or $10.96 per Sub-share Certificate, for the six months ended June 30, 2020 compared with $189.6 million (which included a $100 million land sale), or $24.44 per Sub-share Certificate, for the six months ended June 30, 2019.
Revenues of $151.2 million for the six months ended June 30, 2020, compared with $278.6 million for the six months ended June 30, 2019 (which included a $100 million land sale).
Decreases of 13.7% in oil and gas royalty revenue, 18.5% in water sales and royalty revenue and 5.0% in easements and other surface-related income for the six months ended June 30, 2020 compared with the six months ended June 30, 2019.
EBITDA of $113.3 million for the six months ended June 30, 2020, compared with $241.1 million for the six months ended June 30, 2019 (which included a $100 million land sale).
“Despite continued record low oil prices and COVID-19’s persistent effects on the oil & gas industry, the Trust continues to generate positive operating results and believes it is well positioned to navigate continued challenges in the industry driven by COVID-19 in the second half of 2020,” said Tyler Glover, Chief Executive Officer of the Trust. “While uncertainties stemming from the pandemic are expected to remain, our top priorities continue to be the health and safety of our employees and maintaining our capital resource allocation discipline through this downturn while focusing on liquidity and cash preservation.”
Further details for the second quarter of 2020:
The Trust reported net income of $27.6 million for the second quarter ended June 30, 2020, a decrease of 44.4% compared to net income of $49.6 million for the second quarter ended June 30, 2019.
Oil and gas royalty revenue was $20.5 million for the second quarter ended June 30, 2020, compared with $39.6 million for the second quarter ended June 30, 2019, a decrease of 48.3%. Prices received for crude oil and gas production decreased 54.0% and 53.7%, respectively, in the second quarter ended June 30, 2020 compared to the same period of 2019. The decrease in prices received was partially offset by increased crude oil and gas production subject to the Trust’s royalty interests, which increased 10.6% and 49.6%, respectively, in the second quarter ended June 30, 2020 compared to the second quarter ended June 30, 2019.
Easements and other surface-related income was $24.8 million for the second quarter ended June 30, 2020, an increase of 10.8% compared with the second quarter ended June 30, 2019 when easements and other surface-related income was $22.4 million. The increase in easements and other surface-related income was largely driven by an increase of $3.6 million in commercial lease revenue (largely due to an increase in saltwater disposal royalties) partially offset by a decrease of $1.2 million in pipeline easement income for the second quarter ended June 30, 2020 compared to the same period of 2019.
Water sales and royalty revenue was $8.4 million for the second quarter ended June 30, 2020, a decrease of 58.8% compared with the second quarter ended June 30, 2019 when water sales and royalty revenue was $20.4 million. This decrease was principally due to a 48.0% decrease in the number of barrels of sourced and treated water sold and a $2.9 million decrease in water royalties in the second quarter of 2020 compared to the same period in 2019.
Further details for the six months ended June 30, 2020:
The Trust reported net income of $85.0 million for the six months ended June 30, 2020, a decrease of 55.2% compared to net income of $189.6 million for the six months ended June 30, 2019, which included a $100 million land sale. Excluding the impact of the 2019 land sale (net of income tax), net income for the six months ended June 30, 2019 was $110.6 million.
Oil and gas royalty revenue was $62.9 million for the six months ended June 30, 2020, compared with $72.9 million for the six months ended June 30, 2019, a decrease of 13.7%. Prices received for crude oil and gas production decreased 19.9% and 34.2%, respectively, in the six months ended June 30, 2020 compared to the same period of 2019. The decrease in prices received was partially offset by increased crude oil and gas production subject to the Trust’s royalty interests, which increased 10.9% and 30.1%, respectively, in the six months ended June 30, 2020 compared to the same period of 2019.
Easements and other surface-related income was $51.0 million for the six months ended June 30, 2020, a decrease of 5.0% compared with the six months ended June 30, 2019 when easements and other surface-related income was $53.7 million. The decrease in easements and other surface-related income was largely driven by a decrease of $9.6 million in pipeline easement income partially offset by an increase of $6.1 million in commercial lease revenue (largely due to an increase in saltwater disposal royalties) for the six months ended June 30, 2020 compared to the same period of 2019.
Water sales and royalty revenue was $35.4 million for the six months ended June 30, 2020, a decrease of 18.5% compared with the six months ended June 30, 2019 when water sales and royalty revenue was $43.4 million. This decrease was principally due to a $5.1 million decrease in water royalties for the six months ended June 30, 2020 compared to the same period in 2019.
The Trust recognized land sales revenue of $1.7 million for the six months ended June 30, 2020 and $108.4 million for the comparable period of 2019. Land sales revenue for the six months ended June 30, 2019, included a $100 million land sale consummated in January 2019.
It'll be two years next week when I first bought Rbiz shares, so I've seen the company grow dramatically and then stumble almost as much. CBD play is interesting, but the company still needs to find a way back to better funding. No way to sugarcoat 2020 after all the progress of 2019.
Now stock comp is done, it's up to Anshu to show he can protect shareholder value while growing the company. I still think the gummies are a long-term winner, and he was adamant the PPE play was already smart deal, delivering $820K on $100K upfront. But company has to get free of diluting notes.
I’m still here. I bought the gummies from Big 5 last week if you remember. Just waiting on the Q2 like everyone else.
If it holds, I'll swing back in with you. (Weekly MACD I meant to say in previous post.)