Tag: Queensland
Queensland drops all testing, vaccine requirements for interstate travel
Is Converting Cannabis Liquid to Gel Form Revolutionary for the Marijuana Industry?
Last year, a revolutionary breakthrough was discovered by the University of Queensland in Australia together with the PreveCeutical Medical Inc. company in Canada. Called Sol-Gel technology, this process was developed by a team of researchers under the supervision of Dr. Harendra Parekh of the University of Queensland School of Pharmacy. Sol-Gel enables liquid cannabis solutions to be transformed into a gel form once it reaches “internal membranes of the human body, such as the nose.”
Solomon Airlines Extends International Flights Pause Until July
Watch: Second Qantas A380 returns to Australia from storage
Rex sees support from local leaders over snagged Qantas routes
NT to provide RAT tests to interstate arrivals, scraps PCR requirement
Australia Will Retire Its MRH90 Taipan Helicopters 10 Years Ahead Of Plans
Virgin Australia re-enters regional market with Link Airways partnership
Australia’s second-largest airline, Virgin Australia has announced it endeavours to re-enter the regional airline market in Australia through a partnership with existing, successful Australian regional carrier Link Airways (formerly known...
The post Virgin Australia re-enters regional market with Link Airways partnership appeared first on AeroNewsX.
Antipodean Dreams – Where is the Best Place to Live in Australia
Bringing Your Audience to Kickstarter with Spartacus Actor Dan Feuerriegel & Comics2Movies Publisher Shaun Keenan
Windlab
The Case for Windlab
. | 2017 | 2016 | 2015 |
Revenue | $ 24,515,379 | $ 18,101,100 | $ 10,012,006 |
Expenses | -$ 10,098,372 | -$ 13,023,113 | -$ 8,524,804 |
Profit before income tax | $ 14,417,007 | $ 5,077,987 | $ 1,487,202 |
Income tax | -$ 4,912,534 | -$ 1,779,491 | $ 14,687 |
Profit | $ 9,504,473 | $ 3,298,496 | $ 1,501,889 |
Equity at the start of the year | $ 13,404,230 | $ 9,207,680 | $ 7,699,065 |
ROE | 71% | 36% | 20% |
Average | 42% | ||
The company is able to achieve this sort of ROE as windfarm developments are sold once all approvals and agreements signed but before construction begins, meaning developing multi-million dollar projects does not require significant capital. For example, take the site of the Coonooer bridge wind farm, a 19.8 megawatt wind farm in North Western Victoria with a total development cost of $48.6 million. After identifying the site with Windscape, Windlab spent only $300,000 in acquiring the land, then spent $2.2 million or research and planning applications for a total investment of only $2.5 million. Windlab then sold 96.5% of the equity in the Coonoer Bridge to Eurus Energy for just over $4.7 million who then funded the construction of the site with help from grants from the state government. In total, Windlab walked away from this transaction with over $4.7 million in cash and a remaining 3.5% stake in the project, a return of over 111% on the initial investment.
Valuation
- 640 megawatts of approved potential capacity across multiple projects in South Africa. (While South African Renewable Energy projects have been on hiatus, it does seem the projects are about to get up and running again after a recent change of government
- 250 megawatt project in Northern Queensland that Windlab is intending to submit a development application for in 2019
- 230 megawatt project in Vedigre USA that Windlab no longer has control over, but is eligible for up to $4.6 million in success payments if the project reaches financial close.
Project | Value |
Lakeland | $ 10,200,000.00 |
East African projects | $ 42,300,000.00 |
Greenwich | $ 2,800,000.00 |
Other projects | $ 15,000,000.00 |
Total | $ 70,300,000.00 |
Book value | $ 9,690,000.00 |
three years of annual costs | $ 19,200,000.00 |
tax on projected profit | $ 12,423,000.00 |
Value after tax | $ 38,677,000.00 |
Area | Value |
Development Projects | $ 38,677,000.00 |
Operating wind farms | $ 52,770,000.00 |
Asset Management business | $ 8,500,000.00 |
Windscape software | $ 10,000,000.00 |
Cash | $ 14,622,414.00 |
Liabilities | -$ 10,755,130.00 |
Total | $ 113,814,284.00 |
Shares outstanding (diluted) | 73848070 |
Price | $ 1.54 |