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NobleCon18 Recap – 2 Days in Less Than 20 MinutesIf you didn’t make it to the LIVE event, or even if you did and want to revisit this memorable conference, here’s your opportunity exclusively on Channelchek. Our on-demand catalog captured close to 50 hours of content. Individual corporate presentations and compelling panels. Get a taste for it with our “2 Days in Less Than 20 Minutes” video. It’s all here on Channelchek. And as always, it’s free for subscribers (and there’ no cost to subscribe). Take your time or binge. If you’re looking for the next apple, this is the orchard. NobleCon 18 Complete Rebroadcast
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Month: May 2022
Harte Hanks (HHS) NobleCon18 Presentation Replay
Global Crossing Airlines (JETMF) NobleCon18 Presentation Replay
Alliance Resource Partners (ARLP) – Adjusted Estimates Reflect Income Tax Estimate Revisions
Monday, May 02, 2022
Alliance Resource Partners (ARLP)
Adjusted Estimates Reflect Income Tax Estimate Revisions
ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basins. ARLP currently produces coal from seven mining complexes its subsidiaries operate in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States. In addition, ARLP is positioning itself as an energy provider for the future by leveraging its core technology and operating competencies to make strategic investments in the fast growing energy and infrastructure transition.
Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Recent company guidance. Alliance Resource Partners recently provided first quarter EPS guidance. The company expects to report GAAP first quarter net income of $35.0 million to $37.0 million, or $0.27 to $0.28 per unit, inclusive of a negative $27 million net income impact associated with lower coal shipments due to transportation constraints, and a negative $37 million net income impact associated with the one-time conversion of its oil & gas business to a corporate taxable entity.
Updating 2022 estimates. We have revised our model to better reflect current income tax and the treatment of a one-time non-cash deferred income tax expense and liability. We forecast first quarter and full year 2022 GAAP reported net income of $36.1 million and $363.0 million, respectively, or $0.28 per share and $3.15 per share. On an adjusted basis, we forecast first quarter and full year 2022 net income of $73.1 million and $400.8 million, respectively, or $0.57 and $3.15 per share. Our adjusted net income estimate excludes the one-time impact of converting Alliance Minerals to a corporate taxable entity but reflects lower shipments due to transportation constraints….
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
Pangaea Logistics (PANL) – Taking Over Coverage
Monday, May 02, 2022
Pangaea Logistics (PANL)
Taking Over Coverage
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company addresses the transportation needs of its customers with a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning. Learn more at www.pangaeals.com.
Michael Heim, CFA, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
We are assuming coverage of PANL maintaining an Outperform rating and a $7.50 price target. We believe PANL will do well in a positive Dry Bulk pricing environment given its low order book and expanded fleet. We view the flexibility and a global presence as attributes that will allow it to take advantage of changing shipping demand. Increased liquidity following insider sales makes investing in PANL easier.
Management laid out a positive case for investing in PANL at NobleCon18. In the presentation, CFO Gianni Del Signore stressed that 1) the company is in a unique position to capitalize on an improving dry bulk market, 2) PANL is a good steward of investor capital that grows the business in a sustainable manner, and 3) its integrated platform results in consistent, higher margins. A link to the presentations can be found at Channelchek.com….
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
Tokens.com Corp. (SMURF) – Broadening the Scope
Monday, May 02, 2022
Tokens.com Corp. (SMURF)
Broadening the Scope
Tokens.com Corp is a publicly traded company that invests in Web3 assets and businesses focused on the Metaverse, NFTs, DeFi, and gaming based digital assets. Tokens.com is the majority owner of Metaverse Group, one of the world’s first virtual real estate companies. Hulk Labs, a wholly-owned Tokens.com subsidiary, focuses on investing in play-to-earn revenue generating gaming tokens and NFTs. Additionally, Tokens.com owns and stakes crypto assets to earn additional tokens. Through its growing digital assets and NFTs, Tokens.com provides public market investors with a simple and secure way to gain exposure to Web3.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
A New Subsidiary. Tokens.com’s management announced that its subsidiary, Metaverse Group, launched a new advisory service practice called Metaverse Advisors. This practice will provide virtual land brokering and consulting services for clients looking to get into virtual worlds.
More into the Subsidiary. The Company expanded on the services offered with the subsidiary, including software analytics and reporting tools for clients in evaluating virtual land, appraisals, and visitor traffic information (includes time spent in a virtual store or on a property). As the Company has experience across a couple of different worlds, this can be leveraged towards these services….
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
