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SNF.V - Sunora Foods Inc.

Discussion in 'Canadian Stocks Message Boards' started by TheDude, Apr 5, 2016.

  1. TheDude

    TheDude Member

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    LEVEL 2 QUOTE
    Market Maker Shares Bid Price Ask Price Shares Market Maker
    125,000 0.120 0.135 54,000
    29,000 0.115 0.140 26,000
    61,000 0.110 0.150 10,000
    25,000 0.105 0.175 4,000
    25,000 0.100 0.210 18,000
    1,500 0.075 0.250 5,000
    10,000 0.050 -- -- --
    5,000 0.040 -- -- --
    6,000 0.035 -- -- --
     
  2. TheDude

    TheDude Member

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    Some decent volume this month on SNF. Can't wait for Q2 results in August as we already know they will be superior to Q1. Level 2:

    LEVEL 2 QUOTE
    Market Maker Shares Bid Price Ask Price Shares Market Maker
    14,000 0.115 0.130 5,000
    50,000 0.110 0.135 50,000
    25,000 0.105 0.140 25,000
    25,000 0.100 0.150 10,000
    1,500 0.080 0.175 4,000
    10,000 0.050 0.250 5,000
    5,000 0.040 -- -- --
    6,000 0.035 -- -- --
     
  3. TheDude

    TheDude Member

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    Despite lack of news and Q2 results coming out in 6 weeks, Sunora has been busy promoting the brand throughout North America in a March 2016 article and June 2016 show. Keep in mind that this came out before the Chinese investor purchased 19% of the stock(April 2016) which tells me expansion in Asia has likely increased since then. The Q1 news release even stats that sales are for sure going to be higher in Q2, so only positive notes going forward.

    June 2016 Minneapolis Exhibit: http://www1.agric.gov.ab.ca/$Depart.../$FILE/2016apr_taste_of_canada_exhibitors.pdf
    (SNF on Page 14)

    March 2016 Article: http://www1.agric.gov.ab.ca/$Depart...ade11517/$FILE/export_catalogue_2016_web2.pdf
    (SNF on Page 56)

    From Q1 news release:

    Sunora's Q1 2016 financial results were negatively impacted by a brief slowdown in demand from international customers due to economic restructuring, as China reorients from manufacturing to domestic consumption and from delays in shipments. International sales have trended upward in Q2, with expected additional sales during this period and beyond.
     
  4. TheDude

    TheDude Member

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    Price has held nicely as we wait for Q2 results. As stated in the last news release and MD&A, we will have a much better quarter. Keep in mind that every extra dollar SNF adds to it's cash position, the better chances are we will get one or more of the following: 1) Dividend, 2) Share Buyback, 3) Acqusition of new revenue generating asset. Heck who knows, maybe a company will just buyout SNF because of it's global exposure and growth. Funny how things were apparently bad in Q4/Q1 in China, yet right after that insider from China bought 19% of the stock. Tells me that things improved and we will see the numbers backing that up shortly.
     
  5. TheDude

    TheDude Member

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    SNF was also at a Food Expo in Singapore this year, which clearly states " New At Show", so additional deals could have been made in Q2. I have posted the link below and some older links as well. Keep in mind that quarterly results will be released in the next 20 days.

    http://www.foodnhotelasia.com/ptm/showcat/exhdetail.asp?exhid=FHA969497

    From my prior post:

    June 2016 Minneapolis Exhibit: http://www1.agric.gov.ab.ca/$Depart.../$FILE/2016apr_taste_of_canada_exhibitors.pdf
    (SNF on Page 14)

    March 2016 Article: http://www1.agric.gov.ab.ca/$Depart...ade11517/$FILE/export_catalogue_2016_web2.pdf
    (SNF on Page 56)
     
  6. TheDude

    TheDude Member

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    2 / 26,000 0.125 0.145 30,000 / 1
    2 / 54,000 0.12 0.15 35,000 / 2
    1 / 25,000 0.11 0.16 9,000 / 1
    1 / 1,500 0.08 0.17 18,000 / 1
    1 / 10,000 0.05 -- -- --
    1 / 5,000 0.04 -- -- --
    1 / 6,000 0.035 -- -- --
     
  7. TheDude

    TheDude Member

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    Sunora Foods earns $55,615 in Q2
    2016-08-25 06:42 MT - News Release
    Mr. Dean Stuart reports

    SUNORA FOODS ANNOUNCES QUARTER 2 FINANCIAL RESULTS

    Sunora Foods Inc. has filed its financials statements and management discussion and analysis for the fiscal period ending June 30, 2016. These filings are available for review on SEDAR and the Corporation's website.

    During the fiscal period ended June 30, 2016 Sunora's highlights include the following:

    -- Net Income for the period ending June 30, 2016 of $55,615 versus net income of $110,940 for the comparable period ending June 30, 2015; partly the result of internal issues at a co-packer.
    -- Gross margin for the period ending June 30, 2016 of 7.1% versus gross margin for the comparable period ending June 30, 2015 of 9.3%; partly the result of internal issues at a co-packer.
    -- Revenue of $2,835,773 for the 2016 Q2 versus revenue of $3,233,996 for the comparable 2015 Q2.
    -- Cash and Cash Equivalents of $2,589,380 for the period ending June 30, 2016 versus $2,620,566 at the end of December 31, 2015.
    -- Inventory of $1,097,463 for the period ending June 30, 2016; due to a build-up in inventory of bulk oil for future orders.
    -- 8,028,400 common shares now held by Shanghai Hao Zhuo International Trading Ltd. of China representing 19% of the outstanding common shares. The shares were purchased from President and Chief Exective Officer Steve Bank

    Financial Highlights

    Period ending June 30, 2016
    Sales $2,835,773
    Gross Margin $200,726
    Income before Taxes $76,185
    Net Income $55,615
    Earnings Per Share $0.001
    Sunora's Q2 2016 sales were impacted by a slowing in bulk oil sales in Canada, and partially offset by increased sales to the United States and International locations including China. It is anticipated that sales may increase in the second half of 2016, and the Corporation continues to identify and develop new markets with a specific focus on China. Management is also focused on working with packagers of Canadian manufactured products that are looking for a strategic partner to expand international operations.

    About Sunora Foods

    Sunora Foods is a Calgary, Alberta based food oil entity trading and supplying canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the "Sunora", "Sunera" and numerous private label brands.

    © 2016 Canjex Publishing Ltd. All rights reserved.
     
  8. TheDude

    TheDude Member

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    Sunora Foods Q2 Financial Statements with MD&A

    Price: $0.125
    Common Shares: 42,254,332
    Insider Holdings: 71% Total - 52% held by CEO , 19% by Chinese Company

    Financials

    Assets
    Cash: $2,589,380
    Receivable: $1,097,463
    Inventory: $706,287
    Prepaid Expenses: $18,375
    Tax Recoverable: $73,804
    Deferred Tax asset: $147,974
    Total Assets: $4,633,283 (Q1 was $4,744,888)

    Liabilities
    Accounts Payable: $849,782
    Deposits: $7000
    Total Liabilities: $856,782 (Q1 was $1,048,682)

    Profit Breakdown
    Net Income in Q1/Q2 2016: $80,586
    Net Income for 2015: $502,182
    Net Income for 2014: $189,073
    Cash added over last 10 quarters: $771,841

    **NOTE** Keep in mind that a packer problem has caused issues spanning from Q4 2015 until mid Q2 2016. These have since been resolved.

    MD&A Highlights

    At June 30, 2016, the Working Capital Ratio was 5.2:1 compared to 7.4:1 at December 31, 2015. The Company's business has been consistently managed with a strong working capital position which has enabled the Company to operate without debt. Additionally, the current nature of Sunora's operations has enabled it to expand without making capital investments. Therefore, the Company believes it is in a very favourable position to expand in the future.

    Sunora had lower sales for the six-month period ended June 30, 2016 than the comparative six month period. Sales were somewhat adversely impacted by lower commodity prices for food oil. The $80,586 of net income and comprehensive income in the six months ended June 30, 2016 was lower than the same period of 2015. This was partly a result of a foreign exchange loss of $53,337, as opposed to a foreign exchange gain of $102,603 in the comparative period. In addition, sales were 7.6% lower, and the gross margin declined from 10.1% to 8.2%. Gross margin was impacted by internal issues at a co-packer.

    Accounts payable increased by $381,556 since December 31, 2015, due to increased bulk oil purchases at the end of this quarter. Nevertheless, Sunora is committed to its policy to manage its trade payables on a current basis and maintain its excellent credit standing.

    Sunora's sales to the United States have recently trended higher in proportion of sales in Canada. Although overseas markets are generally continuing to grow, international sales were adversely impacted in the six months ended June 30, 2016 by short term conditions. Sales in Canada declined in this six month period compared to the same period last year due to reduced bulk oil shipments in Canada. The growth of sales in emerging markets is due to a trend in greater awareness of healthy food choices in an expanding middle class.

    Outlook

    Sunora maintains good relationships with customers in North America and overseas. These relationships continue to drive demand for food oil products from Canada, with Sunora well positioned to meet existing and additional demand. Management has focused on increasing visibility in emerging markets, with a specific focus on the economies in Asia, with a view to meet this increased demand for Canadian manufactured food oil products. Sunora’s operations are impacted by geopolitical situations that may hold up deliveries as was experienced in recent quarters. As the middle class in these emerging economies demands higher quality and healthier foods, Sunora is well positioned to meet additional demand.

    Management is actively identifying and analyzing operations that might increase gross margins for the Company. Prospective businesses considered include packagers and suppliers in the food oil industry. With each operation identified, a detailed review and analysis is undertaken by management. Specific focus is currently on packagers with operations in Canada that are looking for a strategic partner to expand international operations. Management is also actively considering possible new products that may benefit from new domestic and international markets.

    With the continuing positive momentum in the United States economy and new customers being added in Asia Sunora is well placed for the future.
     
  9. TheDude

    TheDude Member

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    CBC article with CEO Steve Bank that clearly states the company can only be positively impacted from this experience:

    http://www.cbc.ca/news/canada/calgary/canola-dispute-china-alberta-1.3740468

    Oil producers could benefit
    One group that could benefit from those lower prices are domestic crushers, who turn the seeds into oil.

    "If there's less seed in China for processors, and there may be somewhat less, it opens up an opportunity for those of us who are exporting canola oil itself," said Steven Bank, the CEO of Sunora Oil, whose second largest market after the U.S. is China.
     
  10. TheDude

    TheDude Member

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    Sunora unaffected by Chinese canola seed restriction

    2016-09-01 05:50 MT - News Release

    Mr. Steve Bank reports

    SUNORA FOODS MAINTAINS MOMENTUM IN CHINA

    Sunora Foods Inc. has provided a clarification on the potential impact on Sunora Foods of the restrictions on the export of canola seed to China. The current concern relates strictly to canola seed and is with regard to the amount of dockage, or foreign material such as weeds, other crops or detritus in the exported material. Sunora is not actively exporting canola seed and would not be impacted in China by any potential restriction on the export of this material.

    Sunora exports to China and other Asian jurisdictions are strictly related to canola oil and other food oils. Management continues to develop new sales channels and customers in China and other Southeast Asian countries. The corporation was recently interviewed by CBC News Calgary for input on the potential disruption to canola seed and meal exports.

    "If there's less seed in China for processors, and there may be somewhat less, it opens up an opportunity for those of us who are exporting canola oil itself," said Steve Bank, the chief executive officer of Sunora Foods, whose second largest market after the United States is China.

    © 2016 Canjex Publishing Ltd. All rights reserved.
     
  11. TheDude

    TheDude Member

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  12. TheDude

    TheDude Member

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    Some of the many places that sell Sunora's different oil products. As stated in the last news release "Sunora Foods is a Calgary, Alberta based food oil entity trading and supplying canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the "Sunora", "Sunera" and numerous private label brands."

    http://www.foodfacts.com/ci/nutriti...canola-oil-extra-virgin-olive-oil-16-oz/93840

    http://www.keyfood.com/pd/Sunera/Canola-and-Extra-Virgin-Olive-Oil/16-oz/770099167716/

    https://www.amazon.com/Sunera-Canola-Extra-Virgin-Olive/dp/B00C37UDPA

    http://www.fooducate.com/app#!page=product&id=AAA8D67A-E116-11DF-A102-FEFD45A4D471

    http://www.shopwell.com/sunera-canola-extra-virgin-olive-oil/oil/p/7009916771?f=sp226958

    https://seasonskosher.com/#!/hb/c/1...king-needs/kosher-oil/sunora-canola-oil-32-oz
     
  13. TheDude

    TheDude Member

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    LEVEL 2 QUOTE
    Market Maker Shares Bid Price Ask Price Shares Market Maker
    25,000 0.115 0.130 5,000
    265,000 0.100 0.135 75,000
    5,000 0.095 0.140 9,000
    1,500 0.085 0.150 94,000
    10,000 0.050 0.170 18,000
    5,000 0.040 -- -- --
    6,000 0.035 -- -- --
    225,000 0.005 -- -- --
     
  14. TheDude

    TheDude Member

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    LEVEL 2 QUOTE
    Market Maker Shares Bid Price Ask Price Shares Market Maker
    60,000 0.125 0.140 95,500
    5,500 0.120 0.150 74,000
    200,000 0.100 0.200 17,500
    1,500 0.085 -- -- --
    10,000 0.050 -- -- --
    5,000 0.040 -- -- --
    6,000 0.035 -- -- --
    225,000 0.005 -- -- --
     
  15. TheDude

    TheDude Member

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  16. TheDude

    TheDude Member

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    1 month left until Q3 is out and the sellers have been cleaned out! Level 2:

    LEVEL 2 QUOTE
    Market Maker Shares Bid Price Ask Price Shares Market Maker
    34,500 0.135 0.150 1,000
    61,000 0.130 0.170 1,000
    2,000 0.125 0.175 --
    20,500 0.120 0.180 6,000
    200,000 0.100 0.185 1,000
    1,500 0.085 0.200 13,500
    10,000 0.060 -- -- --
    10,000 0.050 -- -- --
    5,000 0.040 -- -- --
    6,000 0.035 -- -- --
     
  17. TheDude

    TheDude Member

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    SNF hit an all time high today of $0.18 with less than 25,000 on the ask side left. Q3 in one month from now!
     
  18. TheDude

    TheDude Member

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    Really nothing left for sale today. But makes sense given the earnings and balance sheet on SNF. People need to realize that there's only 12.3 million common shares available since the other 30 million are held by Steve Banks the CEO and a Chinese investment group.

    LEVEL 2 QUOTE
    Market Maker Shares Bid Price Ask Price Shares Market Maker
    8,000 0.155 0.250 5,000
    10,000 0.150 -- -- --
    3,000 0.145 -- -- --
    3,000 0.140 -- -- --
    33,500 0.135 -- -- --
    60,000 0.130 -- -- --
    2,000 0.125 -- -- --
    20,500 0.120 -- -- --
    200,000 0.100 -- -- --
    1,500 0.085 -- -- --
     
  19. TheDude

    TheDude Member

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    No new sellers really. Just some people that had orders in the 20's moving down. But to try and acquire a 100K+ position right now wouldn't be that easy.

    LEVEL 2 QUOTE
    Market Maker Shares Bid Price Ask Price Shares Market Maker
    9,500 0.165 0.170 49,000
    4,000 0.160 0.195 11,500
    2,000 0.145 0.200 14,500
    6,000 0.140 0.205 3,000
    60,000 0.130 0.270 2,500
    5,500 0.120 0.300 5,000
    1,500 0.085 0.330 10,000
    10,000 0.060 0.400 79,000
    10,000 0.050 0.500 73,000
    5,000 0.040 -- -- --
     
  20. TheDude

    TheDude Member

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    The TD seller went from $0.30 all the way down to $0.155, so you knew it was some flipper. Now were back to an thin level 2 on the ask side:

    LEVEL 2 QUOTE
    Market Maker Shares Bid Price Ask Price Shares Market Maker
    23,000 0.150 0.190 7,000
    48,000 0.140 0.195 11,500
    70,000 0.135 0.200 14,500
    55,000 0.110 0.205 3,000
    100,000 0.100 0.265 2,500
    1,500 0.085 0.330 10,000
    -- 0.060 0.400 79,000
    10,000 0.050 0.500 73,000
    5,000 0.040 -- -- --
    6,000 0.035 -- -- --
     

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