Australian Nutrition & Sports Limited

Australian Nutrition & Sports Limited (Proposed ASX Code: AN1) is developing and marketing food and nutritional products. These products include infant and adult milk formula products, dried dairy products, and protein supplements. It is into the FMCG industry.

Key Information (Source: Company Reports)
 
The company floated its prospectus for offering up to 40 Mn Shares at an issue price of $0.20 each, in order to raise $8,000,000(before costs), with a minimum subscription of at least $5,000,000. The funds raised will primarily be used to fund the development of the company’s brand and business, expenses and working capital.The Opening Date of the offer was 22 February 2019, and the offer closure date was 15 March 2019. The Issue of Securities under the Offers shall be made on 29 March 2019. The shares shall start trading on the ASX from 3rd April 2019.
 
The company’s business model is to produce and brand its products for the market segments in which it operates, and then to develop distribution channels. In doing this, the company currently intends to rely on a capital-light business model by outsourcing the production of its products to various third-party producers.
 
The company has for the period ended 30 June 2018 posted total revenue of $502,042, including sales revenue of $419,260, total expenses of $2,542,841 and incurred a net loss of $2,040,799. As on that reporting date, the Group had total assets of $1,086,480 and a cash balance of $304,024 with a total liabilities of $2,802,858.
 
The company will deploy the funds to increase the sales and marketing budget to expand brand awareness to drive both direct and retail channel sales for the company’s current commercialised products with a focus on export markets, grow the sales and brand presence in Hong Kong by continuing to add new customers to its network with a secondary focus to expand in other Asian markets in which the company already has a presence, rebrand it’s nutrition and fitness product ranges and also invest upstream into IMF & protein manufacturers.
 
 

Ecofibre Limited

Ecofibre Limited (Proposed ASX Code: EOF) Ecofibre got registered in 2009 and became the public company in 2018. The company and the Subsidiaries operate in the hemp industry in the United States and Australia. The company operates 3 key business lines through its Subsidiaries, namely: Ananda Health, Ananda Food and Hemp Black.

Structure of Ecofibre and its Subsidiaries (Source: Company Reports)
 
The company has issued a prospectus offering between 15,000,000 and 20,000,000 Shares at an Offer price of $1.00 per Share to raise capital between $15,000,000 and $20,000,000. The Opening Date to subscribe was 26 February 2019, and the offer closure date was 11 March 2019. The shares shall commence the trading on the ASX from 29 March 2019.
 
The purpose of the Offer is to fund the initial commercialisation of Ecofibre's Hemp Black fibre technologies, including product development, sales and marketing, customer samples and other commercialisation expenses. It also aims to fund the design, construction and commissioning of Ecofibre's new premises and facility in Georgetown, Kentucky, showcasing Hemp Black. The fund will also provide additional working capital to accelerate the growth of Ananda Food and would also be used for administration costs and working capital needs.
 
The key elements of Ecofibre's strategy are strategic focus, attractive markets, product quality, scale and efficiency, relationships and genetics. Ananda Health garners revenue via the sale of hemp nutraceutical products principally to wholesale, retail and white label customers in the US. Ananda Food garners revenue by the sale of hemp food products primarily to the wholesale as well as white label customers which are in Australia.It is worth a watch as the company aims to use the major proceeds for growing sales and profits and to increase its working capital to take advantage of expansion opportunities, whilst maximizing shareholder value. The company, however, yet to be seen in the upcoming periods.
 
 

Kina Petroleum Corporation

Kina Petroleum Corporation (Proposed ASX Code: KPE) is into acquiring and development of energy-related assets in Papua New Guinea and overseas. The Company’s Managing Director is Mr. Richard Schroder. Kina is the owner of four Petroleum Prospecting Licences (“PPLs”) (PPL 337, 338, 339 and 340).  The Company is offering to the public up to 62,500,000 new Shares in the Company at an issue price of $0.20 per Share or the Kina equivalent price of K0.47 to raise up to $12.5 million. There is one attaching option with an exercise price of $0.20.
 

Capital Structure (Source: Company Reports)
 
The company’s primary objectives of raising funds under the Offer include contribution to the funding of the initial two-year exploration and work program for the Company’s existing projects, to provide working capital for the Company including employment and administration costs, consulting feesand the usual costs associated with operating a publicly listed company; and paying all the costs related to the Offer including obtaining a listing on ASX and POMSoX. The company is planning to build a successful, sustainable oil and gas company, with a regional focus, producing strong returns for all of our stakeholders. For the half year ended 30 June 2018, the company reported a revenue of USD 2,102 & a loss after income tax of 1,649,829. The company had total assets of 34,393,330 & total liabilities of 1,470,764 leading to net assets of 32,922,566 as on 30 June 2018.
 
The investors are advised to take proper independent financial advice before investing in the company as the exploration, oil and gas development and production operations are complicated high risk, expensive ventures and success cannot be guaranteed from the Company’s existing projects or any other projects acquired in the future.
 

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