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Reading #NGL Fine Chem’s latest concall, it is very apparent that while the management is very good, the competitive structure of the industry does not allow them to have any sort of pricing power.
Some snippets from the Q2 concall looked at through the lens of Porter’s 5 forces that tell us that the company will do good in the next few quarters as commodity prices stabilize. But they will be back here again the next time commodity prices increase.
Bargaining power of customers: The company can pass on cost increases with a lag. But when commodity prices come down, the decrease in price for their products is immediate. 
Canadian Natural Gas names sneaking in on the 5 yr to outperform Meta / Facebook.
The @TourmalineOil difference is material.
The future looks bright outside of the metaverse also it would also seem.
$TOU.TO $CR.TO
#COM @JamieHeard5 @DividendDandy @AssetTraveller @BJamz2022
The @TourmalineOil difference is material.
The future looks bright outside of the metaverse also it would also seem.
$TOU.TO $CR.TO
#COM @JamieHeard5 @DividendDandy @AssetTraveller @BJamz2022
..and yes I have an Oculus, as does @AssetTraveller.
They're raising prices too. Paid $400 CAD.
ign.com/articles/meta-…
They're raising prices too. Paid $400 CAD.
ign.com/articles/meta-…
#NGL Fine Chem Earnings Call Notes📝🧵
@safiranand @unseenvalue @varinder_bansal @drprashantmish6 @AnyBodyCanFly @Arunstockguru
@safiranand @unseenvalue @varinder_bansal @drprashantmish6 @AnyBodyCanFly @Arunstockguru
1/ Performance
-Q2 FY-21 had the highest quarterly sales of 68 Cr, a growth of 84% y.o.y. Top 10 products contributed 71% of topline and Top 5 contributed 45% of topline.
-Growth reasons: Market share gain + Growing demand.
-Q2 FY-21 had the highest quarterly sales of 68 Cr, a growth of 84% y.o.y. Top 10 products contributed 71% of topline and Top 5 contributed 45% of topline.
-Growth reasons: Market share gain + Growing demand.
-Company’s traditional products are mainly responsible for this growth.
-Entire growth was led by volume growth of traditional products. They used newer capacities to manufacture traditional products.
-Entire growth was led by volume growth of traditional products. They used newer capacities to manufacture traditional products.
