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Stock Market Manager Weekly Update: April 20th, 2020

Posted By Administration, Thursday, April 23, 2020

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Weekly Update: April 20th, 2020

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If it wasn’t for bad news there wouldn’t be any!!

Dow Jones Futures Dive On Trump Tweet, Crashing Oil Prices; 4 Key Stocks Set To Report Earnings

Dow Jones futures fell sharply Tuesday, along with S&P 500 futures and Nasdaq futures, as President Trump tweeted about temporarily suspending immigration into the United States. Oil prices crashed again in morning trade. Four key stocks set to report earnings in the coronavirus stock market rally include FANG stock leader Netflix and Dow Jones leader Intel.

Read Complete Report

 

3-23-20 Greenridge Global Securities Issues Update
WE Solutions (HK 860)

Apollo Acquisition & Corporate Name Change Approved

Acquisition & Name Change Approved At EGM.  Last week, the acquisition of Apollo was completed, which followed approval at the EGM the week prior, where the name change to Apollo Future Mobility Group Limited was also approved.  Upon reaching profit milestones, the Consideration Shares for the acquisition will be issued after the end of the 2021 fiscal year.

New EV Inverter Technology.  On February 18, Apollo’s subsidiary, GLM made a joint announcement with ROHM Co [TYO: 6963] regarding the joint development of an 800 volt twin silicon carbide inverter, which coupled with its battery offers a smaller, lighter, heat-resistant alternative to current 400 volt inverters while enabling charging at a significantly faster rate, at roughly 12 minutes for an 80% charge compared to 30 minutes for Tesla’s [Nasdaq: TSLA] Supercharger.  Management believes the product could be in commercial production by the second half of 2021 and incorporated into new EVs immediately upon release.  Production is expected to be outsourced to a leading motor supplier who will package the inverter with a motor, and AFMG will receive a license fee on each unit sold.  It is worth noting Delphi recently announced it secured a US$2.7 billion order for a similar 800 volt inverter that is expected to be in commercial production in 2022.

Coronavirus Impact on AFMG.  COVID-19 has resulted in plant shutdowns and delays for AFMG’s Asian and European operations.  China saw plant shutdowns and significant declines in vehicle sales, which likely has resulted in declining contract work for AAT China that could spread over fiscal 2020.  Additionally, the shutdowns have delayed formal approval of the Jinpeng JV and pushed the deadline to complete the Indeenion acquisition to June 30, 2020 due to travel restrictions and an increase in working from home in Hong Kong.  The coronavirus pandemic has also hit AFMG’s European operations, with production at Apollo’s manufacturing facility shut down.  We expect this will stretch deliveries on the IE into next fiscal year.  Thus far, AAT Europe’s engineering and consulting business appears to be relatively unaffected, although most workers are working from home.  We do not believe any of this negatively impacts the future prospects for AFMG, and if anything, could further highlight the need for outsourced work.

Model Update.  We made a number of changes to the model, including shifting out delivery of some of the Apollo IE hypercars, scaling back Revenue from AAT China and delaying the start of the Jinpeng JV, as noted above.  We also added in license fee income from the new inverter technology, starting with 25,000 units in fiscal 2021 and 80,000 units in fiscal 2022.  Given the distinct advantages this product provides and the range extension it offers to EVs, these estimates could prove to be quite conservative.

Maintaining Rating & Target.  The COVID-19 pandemic has had a negative near-term impact on AFMG, but longer term could reinforce the value the Company provides for its outsourced engineering work.  In addition to being an outsourced engineering provider and hypercar brand/manufacturer, the announcement of the new inverter technology changes the outlook of AFMG as it can also be viewed as a key component technology provider, which could become a significant source of profits for the Company.  With progress continuing on all fronts and a new source of income announced, we are reiterating our Buy rating and HK$0.75 target price on WE Solutions Limited.  Our target price is based on a P/E multiple of 17 times our fiscal 2021 Diluted EPS estimate of HK$4.94 cents, discounted one year at 15%.  We again note that our model assumes Ideenion’s consideration shares will be issued at HK$0.52 and not a likely higher price which would result in less shares being issued.

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WiSA Announces Support of Dolby Atmos Height Channels

WiSA® LLC, the Wireless Speaker and Audio Association, comprised of over 60 leading consumer electronics brands, and founded by Summit Wireless Technologies (NASDAQ: WISA), today announced support of Dolby Atmos height channels, allowing WiSA speaker partners to develop products that include immersive 3D audio experiences made possible by Dolby Atmos technology. WiSA users will be able to assign front height, side height and rear height audio channels to WiSA Certified™ speakers, making it easy for consumers to configure their systems for Dolby Atmos content during set-up.

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2-27-20 Trickle Research Issues Research Update
Cavitation Technologies, Inc. NASDAQ CVAT
12-24 Month Price Target $.10

Just a quick earnings update on Cavitation. The company reported nominal revenues for the quarter largely as a result of timing around its Desmet license. Recall, the Company has a license with Desmet Ballestra whereby Desmet pays a minimum license fee of $600,000 per year, which is then offset by unit sales to/by Desmet. Our assumption is that (in step with prior history) Desmet will see a few more units each year than the license minimum, and we use a straight-line approach(we estimate the Desmet sales in the context of the minimum licenses and we apply that equally to each quarter) to reflect that. However, the actual revenue recognitionis associated with actual Desmet deliveries. Our sense is that what they don’t recognize in one quarter, they will likely recognize in the next(or the prior). To translate, the revenue miss is not particularly germane to our view of the opportunity. In our view, what was germane in the quarter, was the filing’s narrative regarding “Enviro Watertek, LLC”.
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1-21-2020 Social Reality, Inc. SRAX NASDAQ

SRAX Announces Launch of Video Virtual Roadshow Feature into Investor Communications Platform, SRAX IR

Publicly traded companies can create their own video roadshow for investors through SRAX IR

SRAX, Inc. (NASDAQ: SRAX), a digital marketing and consumer data management technology company, announces SRAX IR Virtual Roadshow, a new tool that enables public companies to search for prospective investors and host video meetings.

Through SRAX IR Virtual Roadshow, companies can build their prospective investor list through SRAX’s proprietary platform. Companies will also be able to host one-on-one or one-to-many video and audio meetings to present their story to new shareholders and provide quarterly and annual updates to existing shareholders. After an event has ended, companies can track investors who attended and monitor their investments in the company in real time.

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1-21-2020 Social Reality, Inc. SRAX NASDAQ

SRAX and Experian Team Up to Offer Financial Services to BIGtoken Users

Collaboration Creates Additional Revenue Stream for BIGtoken

LOS ANGELES, Jan. 21, 2020 /PRNewswire/ -- SRAX, Inc. (Nasdaq: SRAX), a digital marketing and consumer data management technology company, and Experian®, the world's leading global information services company, announce their collaboration to provide people the opportunity to redeem their points in the BIGtoken platform for access to Experian IdentityWorksSM .

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1-12-20 Greenridge Global Securities Issues Update
WE Solutions (HK 860)

WE Solutions 860 To Become Apollo Future Mobility Group

860 To Become Apollo Future Mobility Group.  The Board announced its formal intent to change the name of the Company to Apollo Future Mobility Group Limited to better reflect its focus on mobility solutions.  The name change will be put to a vote upon shareholders approving the Apollo acquisition, both of which are expected to resoundingly pass.  The circular is expected by March 6, with the long stop date for the Apollo deal extended to March 31, 2020 with completion due no later than May 30, 2020.  The long stop date for the Ideenion acquisition was extended to March 31, 2020, with the circular due by March 16, 2020.  Management currently expects both acquisitions will be completed before the end of the fiscal year on March 31.

Jewelry/Watch Business Continues To Shut Down.  On December 30, the Company’s license for the exclusive wholesale distribution of jewelry products and watches in China was terminated effective December 31.  The announcement comes as no surprise as management has been working to refocus on the Company towards mobility solutions, as highlighted in greater detail in our November 4, 2019 report.  Management is still working to dispose of its remaining jewelry and watch inventory, which made up nearly all of the Company’s HK$214 million in inventory at the end of September 2019.  The Company still has its distribution agreement with Girard-Perregaux in place, but is looking to exit that in the near future. 

H2:19 Results Include Impairments of Legacy Businesses.  Revenue fell in the second half to HK$255.2 million as the jewelry and watch business scaled down.  Revenue from auto engineering services amounted to HK$4.2 million.  Other expenses in the period totaled over HK$512 million and included a loan receivable impairment of HK$257.3, goodwill impairment of HK$199.3 million, and a decrease in investment property value of HK$71.7 million, all of which help clear out legacy items ahead of the acquisitions closing.  Net Loss for the period was HK$592.9 million.

Model Update.  We made two big changes to our model.  The first was significantly scaling back the Jewelry business as management quickly shuts that down.  This should be viewed as a net positive to shareholders as its profits fluctuated in recent periods, however it did help cover corporate overhead.  The net result of this was a sizable decline in our near term Revenue estimates and a reduction in Net Profit due to the remaining unallocated corporate overhead.  The other big change was moving the Jinpeng deal from a license payment to the share of income from JV line.  The net effect of the Jingpeng move was minimal.

Maintaining Rating & Target.  With no significant changes to the business plan and our model we are reiterating our Buy rating and HK$0.75 target price on WE Solutions Limited.  Our target price is based on a P/E multiple of 17 times our fiscal 2021 Diluted EPS estimate of HK$5.05 cents, discounted one year at 15%.  We again note that our model assumes Ideenion’s consideration shares will be issued at HK$0.52 and not a likely higher price which would result in less shares being issued.

Read Complete Report

 

1-14-2020 Canbiola, Inc.  OTCQB (CANB)

Canbiola Announces Closing of Green Grow Farms Acquisition

HICKSVILLE, NY, Jan. 14, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canbiola, Inc. (OTCQB: CANB) (“Canbiola” or the “Company”), a developer, manufacturer, and supplier of a variety of hemp-derived THC-Free Cannabidiol (CBD) Isolate products such as oils, drops/tinctures, creams, moisturizers, chews, and capsules, announced today the closing of the previously announced agreement for an all-stock transaction to acquire 51% of Green Grow Farms Inc. 

Read Complete Press Release

 

Yahoo Finance 6-1-20

1-6-2020 Summit Wireless Technologies, Inc. NASDAQ (WISA)

WiSA Enables the Future of Speakerless TVs with Demo of Sharp’s WiSA Ready 8K Prototype TV

Consumer Electronics Show – WiSA® LLC, the Wireless Speaker and Audio Association, comprised of over 60 leading consumer electronics brands, and founded by Summit Wireless Technologies (NASDAQ: WISA), today announced it will showcase an exclusive prototype of Sharp’s new WiSA Ready™*, 8K speakerless TV, now in development and slated for release later this year. As the industry moves toward speakerless TVs, WiSA is quickly becoming the leading audio solution for major TV brands and manufacturers like Sharp. Demonstrations are being conducted January 7-10 in the WiSA suite (#29-236) at the Venetian Hotel.

Read Complete Release

 

The Wall Street Resource

We are partnering with the wall Street Resource to give our client companies another great resource in being able to distribute quality on line interviews to a broad investing audience.

Their new website launched this month that has webcast interviews with several microcap companies, including Trickles' favorites SRAX and Summit Wireless. Check out www.thewallstreetresource.com to hear the CEOs audio interview.

January 19, 2020                                                                                                                                                                                                                                                                                                                
The Wall Street Resource

Suggestions for companies you would like to hear on The Wall Street Resource are always welcome.  Below are our past interviews. Find a company and note the date of the interview. You can find them on the Webcast page listed chronologically at the link below.

www.thewallstreetresource.com

 

Alternative Investments-

 Fix N Flip Investors,

See below- We are featuring a previously listed property 
This is a previously listed property that was priced at $226,900 and is back on the market at  $195,900. 

Our estimate for repairs including converting the 2 small rooms back to a double garage came in at $77,100.00 which included a New Deck, a Complete Modern Kitchen and Interior and Exterior paint. 

Our Comp analysis shows this at a Post Rehab Price of $325,000 for a profit of $56,000.00. This house is in a great neighborhood close to downtown Dunedin and should be an easy post Rehab sale. 
                                         https://mcusercontent.com/56f6ae5fd9bb698fe3cb4340a/images/62963794-a2c1-46ad-8683-f8239b6bea75.jpg

 

Listing Agent Description:
BRAND NEW ROOF!! This bright and airy 3 bedroom home offer a spacious layout  plenty of room to spread out. Garage has been converted to 2 additional rooms that could easily be 2 additional bedrooms. Enjoy the huge fenced backyard with plenty of room for a pool or just as a relaxing area or playground. Enter to large living room that opens to dining area off of kitchen. Split plan with Master bedroom that offers a private master bath. Circular driveway. Property is zoned Misc Residential and has been an ALF in the past. This could be a perfect opportunity to start your own business. You will enjoy the location which is within walking distance to Dunedin's acclaimed community center, art facility, pool, and water park. Enjoy bike rides to the Dunedin Causeway and the beautiful sand beaches that Dunedin has to offer.
For More information contact:

Gemee Minkler

BRODERICK & ASSOCIATES INC

gemeem@broderickrealty.com
Ph: 479-221-0809

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If you have any questions, please feel free to email or give me a call.

 

April 20, 2020

COMPANY QUOTES, LISTINGS RESEARCH AND NEWS

 

             

Antibe Therapeutics, Inc (ATBPF)

 

 Profile

11/11/2018

News

   

AzuerRx Biopharma, Inc. (AZRX)

 

7/11/2019

News

   

Canbiola, Inc. (CANB)

 

Profile

 

News

   

Cavitation Technologies, Inc. (CVAT)

Profile

8/22/2019

News

   

Endurance Exploration Group, Ltd (EXPL)

 

 Profile

  03-26/19

News

   

Guangdong Land Holdings Limited (124) HK

6/6/2019

News

   

H-Source Holdings, Ltd (HSCHF)

4/9/2019

News

   

Summit Wireless Technologies, Inc.

 

  06/04/19

     

Social Reality, Inc. (SRAX)

   

   02/05/19

News

   

Apollo Future Mobility Ltd. (HK 0860)

 

      Profile

2/23/2020

News

   
               

 

 


 


April 20th, 2020

ValuEngine Weekly Report

By: Paul Henneman

 

All research on approximately 5,000 stocks, 16 sector groups, and 140 industries has been updated on www.ValuEngine.com. Stock pick of the week, overall market and sector valuations, and more. This week all sectors on average remain undervalued, with Oil/Energy the most undervalued and Computers/Technology the least.

Read more

www.ValuEngine.com to log in, or free two-week full trial. Over 5,000 stocks, 16 sector groups, 140 plus industries covered every day.

VALUATION WATCH: Overvalued stocks now make up 15.02% of our stocks assigned a valuation and 7.52% of those equities are calculated to be overvalued by 20% or more.

 

To subscribe to our bulletins and receive content whenever it is published, subscribe at our blog HERE

Want to learn more about ValuEngine? Our methods? Our history? 
Check out our video presentation HERE

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Event Calendar Updates

Not Surprisingly most conference events are cancelled or postponed-

Latest from NIBA:

NIBA April 27-28, 2020 New York, NY Conference

NIBA’s April 2020 event has been postponed due to COVID-19. We are monitoring the situation diligently, and we are working to reschedule. We will keep you informed as we know more. Thank you.

 

Visit our homepage for up to the minute Financial News, Quotes and our Latest Black Swan Connection Newsletter

Stock Market Manager Homepage

-SMM Distribution Update-

Distribution (Reach)

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SMM Global Facebook Page  (Reach last-30 days)               6,462

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Direct Email*                                                               249,000

Total                                                                           256,460

Note*  Our Instagram acct was recently hacked so we had to start over again.

We have also cleansed our email database of subscribers who haven’t opened for some time and or have errors or other delivery issues with their email.

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