Tax Season is Here! Save 15% on H&R Block Online
iconAll times are GMT -4. The time now is 06:00 PM. | Search:

» StockRants Stock Forum » Public Stock Forums » Canadian Stock Picks » Buy: SNF.V - Sunora Foods Inc.



Reply
 
Thread Tools Search this Thread
Old 04-15-2017, 06:00 PM   Nav to Top  #41
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,271
Rep Power: 176
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

Saw this article today and did a little more research and confirmed that it is true via the company's LinkedIn page:

Article: corporate corner - This article only showed up on Google Search less than 24 hours ago and I do weekly Sunora Foods Google word searches

Key Line: LAHORE (PR): Agro Processor & Atmospheric Gases Pvt Ltd (APAG) is a leading company in the edible oil industry of the country. With renowned brands like Soya Supreme, Smart, Malta & Champion APAG continues to satisfy the needs of its consumers through its high-quality brands. APAG has been offering Smart Canola Cooking Oil under the license of Sunora Foods Canada.

AGAP Linkedin Page: https://www.linkedin.com/company/agr...gases-pvt-ltd-

Sunora Foods & AGAP Commercial - https://www.youtube.com/watch?v=ZBN9fVzN3Ss - This commercial came out end of 2016 on Youtube
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 04-30-2017, 03:30 PM   Nav to Top  #42
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,271
Rep Power: 176
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

Sunora Foods earns $282,794 in 2016

2017-04-28 13:34 MT - News Release

Mr. Steve Bank reports
SUNORA FOODS ANNOUNCES 2016 YEAR END FINANCIAL RESULTS
Sunora Foods Inc. has filed its financial statements, and management's discussion and analysis for the fiscal year ending Dec. 31, 2016. These filings are available for review on SEDAR and the corporation's website.
During the fiscal year ended Dec. 31, 2016, Sunora's highlights included the following:

Revenue of $12,254,101 for the 2016 fiscal year versus revenue of $10,815,959 for the comparable 2015 fiscal year;
International sales of $2,691,977 for the 2016 fiscal year versus international sales of $1,848,317 for the 2015 fiscal year;
Gross margin for the period ending Dec. 31, 2016, of 8.9 per cent versus gross margin for the comparable period ending Dec. 31, 2015, of 10.7 per cent;
Foreign exchange expense of $33,456 for the 2016 fiscal year versus a foreign exchange gain of $204,165 for the 2015 fiscal year;
Net income for the period ending Dec. 31, 2016, of $282,794 versus net income of $502,182 for the comparable period ending Dec. 31, 2015, a decrease of 44 per cent;
Cash and cash equivalents of $3,353,921 for the period ending Dec. 31, 2016, versus $2,620,566 for the comparable period ending Dec. 31, 2015;
Acquisition of 8,028,400 shares by Shanghai Hao Zhuo International Trading Ltd. from president and chief executive officer Steve Bank.


FINANCIAL HIGHLIGHTS

Period ending Dec. 31, 2016

Sales $12,254,101
Gross margin $1,087,617
Income before taxes $370,744
Net income $282,794
Earnings per share $0.007

About Sunora Foods Inc.
Sunora Foods is a food oil entity based in Calgary, Ata., trading and supplying canola oil, corn oil, soybean oil, olive oil and specialty oils in Canada and internationally.
© 2017 Canjex Publishing Ltd. All rights reserved.
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 04-30-2017, 07:28 PM   Nav to Top  #43
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,271
Rep Power: 176
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

Sunora Foods Inc. (SNF.V) Audited Year End Results

Price: $0.255
Common Shares: 42,254,332
Insider/Institutional Holdings: 71% total, as per information circular. CEO holds 52%

Financials

ASSETS
Cash: $3,353,921
Accounts Receivable: $949,816
Accrued Interest: $2,908
Inventory: $438,064
Prepaid Expenses: $21,874
Income Tax Recoverable: $110,457
Goods Tax Recoverable: $11,023
Total Assets: $5,047,608

LIABILITIES
Accounts Payable: $954,092
Customer Deposits: $71,510
Total Liabilities: $1,025,602

Note: Sales in Q4 2015, Q1/Q2 2016 were affected by a co-packer issue. This meant that Sunora Foods Inc was required to find other means of distribution, hence hurting sales and margins during those 9 months. This is now resolved, see MD&A below. As well, sales are up year over year even after co-packer setback. Sales were stable year over year despite all this and the larger profit from 2015 was caused by currency exchange, not sales income.

Q3 Sales - $3,281,156 ($2,451,477 in 2015)
9 Month Sales - $8,804,308 ($8,452,570 in 2015)
Year - Sales - Net Income* -- Company Was Private Until 2014

2014 - $13,235,038 - $189,073 - Added listing expenses incurred
2015 - $10,815,959 - $502,182 -* Net income of $200,000 affected by currency exchange
2016 - $12,254,101 - $282,794 - Currency loss of $34,000 or else net income was stable y/o/y

Q1 2017 results will be released end of May, 2017.

MD&A Highlights

Sunora sales for the year ended December 31, 2016 were positively impacted by an increase of 13.3% over the previous year due to sales growth in the United States and internationally.*

The net income and comprehensive income in the year ended December 31, 2016 of $282,794 compared to $502,182 for the previous year, a decline of 43.68%. Instead of foreign exchange gain of $204,165, there was a foreign exchange loss of $33,456. In addition, the gross margin for the year ended December 31, 2016 declined by 0.2% from previous year despite the 13.3% increase in sales. The lower total gross margin can be attributed to a lower percentage of sales in packaged products that have a higher value added.

The Company also had an economic dependence on one customer in 2016 and 2015. Sales to this customer were 21% in the three months ended December 31, 2016 (2015 28%) and 19% (2015 17%) of total sales in the year ended December 31, 2016.

Sunora's sales to the United States have recently trended higher in comparison to sales in Canada. Overseas markets are continuing to grow and provide greater long term stability to sales.* The growth of sales in emerging markets, with growing awareness of healthy food choices by the expanding middle classes, is a positive trend for Sunora.* Overseas sales in the fourth quarter increased significantly because of the timing of the New Year celebrations in Asia and the general positive trend.

Sunora has increased sales over the year due to marketing efforts. Sunora has established strong relationships with sales staff and given them more flexibility and support as mutual trust has developed in these relationships. In North America, Sunora has outstanding commissioned brokers who have introduced new customers to the Company. Sales to independent distributors have also grown for Sunora, mostly in countries overseas, which has given Sunora entry into many foreign markets.
The foreign exchange gain or loss is primarily a result of the inventory purchases and sales that are denominated in US currency.
*
Outlook

Sunora maintains strong relationships with strategically located 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. Sunoras operations are impacted by geopolitical situations that may hold up deliveries as was experienced in the fourth quarter of 2015. 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 sales and profitability 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.
*
Management is also actively considering possible new products that may benefit from new domestic and international markets.
*
With the continuing improvement in the United States economy and new customers being added in Asia Sunora is well placed to improve its profitability and financial position.

Sunora has only one long term contractual obligation of a lease on its office facilities in the Provident Professional Building in Calgary, Alberta. This lease for 1,038 square feet of office space terminates on August 31, 2017, and has an early termination clause with nine months' notice during the last two years. *
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 05-02-2017, 11:12 PM   Nav to Top  #44
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,271
Rep Power: 176
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

Spring presentation has some more possible leads to where Sunora Foods is headed. It mentions vertical integration, also bio diesel with canola oil. This is all mentioned in the second last page.

http://www.sunora.com/assets/docs/pp...0502084840.pdf

Continue expansion into Asia where demand for premium quality Canadian brand Canola is highest
Focus on developing Asian and Chinese markets Partner locally to expand volume sales
Expand the global distribution network Build on existing North American customer base and brand
Vertical integration opportunities
Investigating complementary food and shelf stable goods for export to current countries and region with high demand for Canadian made products
Exploring potential sales channels for Biodiesel
Increase private labeling activity

Interesting article on bio-diesel made from Canola that came out a couple weeks ago: Attention Required! | Cloudflare
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 05-08-2017, 01:48 PM   Nav to Top  #45
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,271
Rep Power: 176
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

Canola oil demand to rise in China: Attention Required! | Cloudflare
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 05-18-2017, 11:30 AM   Nav to Top  #46
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,271
Rep Power: 176
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

QAI : Search Products

The new addition should add some more credibility to the Canola oil they sell in the United States and hopefully more sales with it. Just showed up on Google search

Facility Information:

Facility #1: Sunora Foods Ltd.
4616 Valiant Dr., NW Ste. 205
Calgary, Alberta T3A 0X9
Canada
Certification Type:

Hide products COR - Handling (Trader)
Certification Number: C0030537-CORHTR-13

Product Details:
Product Name Claim Description Listed Date
Canola Oil Organic 3/31/2015
Canola Oil Organic 3/16/2010
Canola Oil Organic 4/20/2016
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 05-18-2017, 11:54 AM   Nav to Top  #47
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,271
Rep Power: 176
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

Canola exports hit record on Chinese demand only months after trade dispute | The Chronicle Herald

CALGARY — Strong demand from China helped lift canola exports to a record $845 million in January and boost the national trade surplus, Statistics Canada said on Tuesday, a sharp rebound for a sector threatened by a trade dispute last year.

China had said last year that because of disease concerns, it would toughen restrictions on the amount of foreign materials - such as weeds, other crops and detritus - permitted in Canadian canola exports. Canadian producers and handlers were worried this could hurt demand for the oilseed, which is used to make cooking oil, animal feed and biofuel.

The dispute was partially resolved as part of wider talks between Prime Minister Justin Trudeau and Chinese Premier Li Keqiang, with an agreement signed in September to maintain the current levels until early 2020.

The uncertainty helped push down canola exports to China to 80,000 tonnes in September, the lowest since 2013, before rebounding to a record high of 741,000 tonnes in January.

The value of all Canadian canola exports was up 38.4 per cent in January compared from December, and more than double from October, Statistics Canada said Tuesday, helping push a third straight trade surplus for Canada.

Export volumes of canola reached a record level of about 1.4 million tonnes in January according to Statistics Canada, driven in part by lower prices that appealed to international buyers, said Ken Ball, a senior adviser at PI Financial.

"The main reason was canola was just extremely cheap," he said.

Prices have since climbed, said Ball, but the market still looks strong for the year with potential for close to 20 million tonnes of demand, and supply expected to be only a few hundred thousand tonnes higher.

"We could be left with a fairly tight situation," said Ball.

The Canola Council of Canada said that exports could be further boosted if Canada and China were to reach a free trade deal.

The council released a report on Monday that showed if China eliminated the nine per cent tariff on canola seed, exports to the country could increase by up to $1.2 billion, the equivalent of about 10 per cent of Canada's 18.5 million tonnes of production.

China was the second largest export market for canola after the United States last year, taking in 4.8 million tonnes of seed, oil and meal worth $2.7-billion, according to the Canola Council.

Ian Bickis, The Canadian Press
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 05-30-2017, 11:16 AM   Nav to Top  #48
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,271
Rep Power: 176
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

Sunora Foods earns $66,560 in Q1 2017

2017-05-30 07:59 MT - News Release

Mr. Dean Stuart reports

SUNORA FOODS ANNOUNCES FIRST QUARTER FINANCIAL RESULTS

Sunora Foods Inc. has filed its financial statements and management discussion and analysis for the period ended March 31, 2017. These filings are available for review on SEDAR and the corporation's website.

During the fiscal year ended March 31, 2017, Sunora's highlights include the following:

Revenue of $3,480,230 for the first quarter of 2017 versus revenue of $2,687,379 for the comparable first quarter of 2016, an increase of 29.5 per cent;
International sales of $526,157 for in the first quarter of 2017 versus international sales of $284,251 for the comparable first quarter of 2016, due to increased distribution and increased demand for healthy foods in Asia;
Net income for the period ended March 31, 2017, of $66,560 versus net income of $24,971 for the comparable period ended March 31, 2016, an increase of 167 per cent;
Cash and cash equivalents of $3,133,920 and working capital of $3,942,885 at the end of the first quarter of 2017.

FINANCIAL HIGHLIGHTS

Period ended
March 31, 2017

Sales $3,480,230
Gross margin $232,734
Income before taxes $91,178
Net income $66,560
Earnings per share $0.002
About Sunora Foods Inc.

Sunora Foods is a food oil entity based in Calgary, Alta., 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.

© 2017 Canjex Publishing Ltd. All rights reserved.
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 05-31-2017, 11:01 AM   Nav to Top  #49
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,271
Rep Power: 176
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

New company presentation: http://www.sunora.com/assets/docs/pp...ummer-2017.pdf
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Old 05-31-2017, 11:23 AM   Nav to Top  #50
JonnyR512
Senior Trader
 
JonnyR512's Avatar
 
Join Date: Jul 2009
Location: N/A
Posts: 1,271
Rep Power: 176
Reputation: 168
JonnyR512 has a spectacular aura aboutJonnyR512 has a spectacular aura about
Thread Starter
Default

Sunora Foods Q1 Results. Financials + MD&A Highlights

Price: $0.20
Common Shares: 42,254,332
Insider/Institutional Holdings: 71% total, as per information circular. CEO holds 52%
Website: Home | Sunora Foods

Financials

Assets
Cash: $3,133,920
Accounts Receivable: $1,254,247
Accrued Interest: $1,537
Inventory: $533,623
Prepaid Expenses: $15,760
Goods & Services Tax Recoverable: $10,545
Income Tax Recoverable: $118,130
Deferred Tax Asset: $159,545
Total Assets: $5,227,307

Liabilities
Accounts Payable: $1,084,857
Customer Deposits: $40,020
Total Liabilities: $1,124,877

NAV = $5,227,307 - $1,124,877 = $4,102,430 or ($0.097) or $0.10c a share net asset value. Junior earnings based companies with established positive cash flow usually trade at a 4-5 times multiple, if not more. Even exploration based companies with no revenue and high-risk trade at a greater multiple than SNF, which is a 27 year old established company(see their website)

Q1 2017 Sales Breakdown
Sales: $3,480,230 (last year sales - $2,687,379)
Income Before Tax: $91,178
Net Income: $66,560 (last year profit - $24,971)

Breakdown of sales by region
USA - $2,701,689 (Last year - $2,167,415)
Canada - $252,384 (Last year - $235,713)
International - $526,157 (Last year - $284,251)

Previous FULL Years Of Sales
2014 - $13,235,038 - $189,073 - Added listing expenses incurred from merger with capital pool
2015 - $10,815,959 - $502,182 - Net income of $200,000 affected by currency exchange
2016 - $12,254,101 - $282,794 - Currency loss of $34,000 or else net income was stable y/o/y

MD&A Highlights
Sunora Foods Inc. (“Sunora Foods”) is a Calgary-based trader and supplier of canola, olive and other food oils. Currently, the Company is a relatively modestly-sized player participating in an international business populated by some of the largest companies in the world. It has successfully maintained a niche position that has been achieved by building strong relationships with its suppliers and customers through a history of reliable and responsive service. While the Company regularly cooperates with many of these companies, it also occasionally competes with companies that have far greater resources.

Sunora had 29.5% higher sales for the three-month period ended March 31, 2017 than the comparative three-month period. The increase in sales resulted from greater sales of bulk oil to the United States and an 85% increase in sales overseas.

The $66,560 of net income and comprehensive income in the three-months ended March 31, 2017 was 167% higher than the same period of 2016. This was primarily a result of foreign exchange income of $10,833 as opposed to a foreign exchange loss of $82,655 in the comparative period. Gross margin declined from 9.4% to 6.7% as a result of an increase in bulk sales, which yield lower margins relative to packaged products.

Sunora's current assets consist of cash, accounts receivable, inventory, prepaid expenses and income tax recoverable. Cash is held for working capital requirements and to fund expansion costs for new markets and customers. A policy of conserving cash is rigorously followed by management in order to sustain operations and foster its marketing strategies. Accounts receivable increased 32.1% from December 31, 2016 due to higher sales. The 21.8% increase in inventory is due to increased purchases in anticipation of future sales.

Sunora's current liabilities consist of accounts payable and accrued liabilities, income tax payable and customer deposits. Accounts payables and accrued liabilities increased 13.8% from December 31, 2016, due to increased 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.

A direct correlation to Sunora's increased sales has been its marketing efforts. Over the years, Sunora has established good relationships with its sale staff, giving them more flexibility and autonomy as mutual trust has developed in these relationships. In North America, Sunora has worked with brokers who have introduced new customers to the Company. Sales to independent distributors have also grown, mostly in overseas countries, who have given Sunora entry into many foreign markets. Product sales to foreign distributors and for other customers are final and not returnable.

Net income for the first quarter of 2017 decreased 16% from the fourth quarter of 2016. The decrease was due to the lower gross margins. Compared to the quarter ended March 31, 2016, net income increased by 167%. Earnings per share – basic and diluted, for the first quarter of 2017 and for the fourth quarter of 2016 were $0.002 per share for each quarter. It increased from $0.001 per share for the quarter ended March 31, 2016.

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 where it is currently active. With the continuing positive momentum in the United States economy and new customers being added in Asia, Sunora is well placed for the future.
JonnyR512 is online now   Rate this post Yes | No Reply With Quote
Reply

Similar Threads
Thread Thread Starter Forum Replies Last Post
Buy: CAG - ConAgra Foods teenwolf41 US Stock Picks 1 10-10-2010 02:06 AM
Watch: KFT - Kraft Foods Inc. alcastleinnovations US Stock Picks 5 09-09-2009 03:00 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On