NGEY DD - see this extract from an analyst report
Post# of 67
Posted On: 03/01/2016 10:50:41 AM
NGEY DD - see this extract from an analyst report written after the close yesterday:
New Global Energy Inc. (NGEY) is the company behind the new brand name and its product line of moringa products.
Moringa, which is sometimes described as the "miracle tree," "drumstick tree," or "horseradish tree," has small, rounded leaves that are chock-full of nutrition: protein, calcium, beta carotene, vitamin C, potassium, and more. It's got 9 times the protein of yogurt, 25 times more iron than spinach, 17 times the calcium of milk, and more. Moringa leaves are also rich in antioxidants like beta-carotene, quercetin, and chlorogenic acid. It's even been known to lower blood sugar levels. In that light it comes as no surprise it's been used medicinally and as a food source for several millennia.
It's only just now caught on in the United States, though, but now that it has it's taking the nation by storm. Problem: There's not enough moringa or moringa-based product to meet demand.
Enter New Global Energy.
Long story made short, New Global Energy is starting to get some serious traction with its relatively new moringa marketing effort now that it has some specifics to talk about, and sell.
In November, New Global Energy announced it had partnered up with International Sustainability Group -- which makes AlgaeUp(tm) bars -- to manufacture and distribute MoringaUP(tm) Protein Bars.
Surprised? Don't be. Algae is actually a great source of nutrition without a lot of carbs and calories. One startup making algae-based food ingredients is already doing $60 million per year, and the vegetarian market is worth nearly $3 billion per year. But, moringa is arguably an even better ingredient for power bars than what's in most power bars on the market right now.
The partnership is just the beginning, however. The moringa market is estimated to be worth more than $4 billion per year today, and is projected to be worth $7 billion by 2020 as more and more people start to learn about its benefits. That translates into an annual growth rate of 9%.
Fast forward to today. On Monday of this week, NGEY announced it had signed a memorandum of understanding to enter into a joint venture agreement with the world's largest Moringa farm. Located in Leon, Nicaragua, the 180-acre farm is a leading source of nutrient rich Moringa. Under terms of the agreement, New Global Energy, Inc. will launch Moringa Reserve, LLC to develop, operate, distribute and sell Moringa-based products to U.S. retail markets.
In many regards it's as if New Global Energy was teaming up with the enemy. That's because in many regards, it is. But, with the new moringa crop acreage at its Mecca, California farm capable of producing as much as $9 million worth of moringa and the 6000 moringa trees its planted in Thermal, California plus another 10,000 trees at its Mecca farm plus 20 acres of moringa tree in addition to a possible extra 100 acres in Costa Rica could produce $15 million worth of moringa every year, there are no competitors. There's just a scrambling industry that is years behind on its capacity to produce moringa and related products relative to demand. That's a key hint of the burgeoning demand compared to the supply of products and moringa itself - there are no enemies right now.
As for what kind of dollars a new brand of products could create, as was noted above, algae-based foods generate $60 million per year, and algae isn't an especially appetizing ingredient, and not as healthy as moringa. And remember, the broad moringa market itself is worth $4 billion right now. The advent of Moringa Reserve, LLC, could be huge for New Global Energy investors.
Whatever the case, the news was able to take hold of NGEY shares on Monday, although it looked like the stock was ready for a rally to begin with (a bullish clue in itself).
Shares have been testing the bullish waters since late January, and while that effort grew a little tired in the meantime, the bulls never went away. All it took was a nudge on Monday to push the stock back above the 20-day moving average line on huge volume. The ceiling at $0.59 came back into play, but it doesn't appear to be doing a very good job of holding the stock back any longer.
One more good day - and a close above the 100-day line at $0.66 - could be quite catalytic. It may be worth putting on your watchlist, if not in your portfolio.
$NGEY
New Global Energy Inc. (NGEY) is the company behind the new brand name and its product line of moringa products.
Moringa, which is sometimes described as the "miracle tree," "drumstick tree," or "horseradish tree," has small, rounded leaves that are chock-full of nutrition: protein, calcium, beta carotene, vitamin C, potassium, and more. It's got 9 times the protein of yogurt, 25 times more iron than spinach, 17 times the calcium of milk, and more. Moringa leaves are also rich in antioxidants like beta-carotene, quercetin, and chlorogenic acid. It's even been known to lower blood sugar levels. In that light it comes as no surprise it's been used medicinally and as a food source for several millennia.
It's only just now caught on in the United States, though, but now that it has it's taking the nation by storm. Problem: There's not enough moringa or moringa-based product to meet demand.
Enter New Global Energy.
Long story made short, New Global Energy is starting to get some serious traction with its relatively new moringa marketing effort now that it has some specifics to talk about, and sell.
In November, New Global Energy announced it had partnered up with International Sustainability Group -- which makes AlgaeUp(tm) bars -- to manufacture and distribute MoringaUP(tm) Protein Bars.
Surprised? Don't be. Algae is actually a great source of nutrition without a lot of carbs and calories. One startup making algae-based food ingredients is already doing $60 million per year, and the vegetarian market is worth nearly $3 billion per year. But, moringa is arguably an even better ingredient for power bars than what's in most power bars on the market right now.
The partnership is just the beginning, however. The moringa market is estimated to be worth more than $4 billion per year today, and is projected to be worth $7 billion by 2020 as more and more people start to learn about its benefits. That translates into an annual growth rate of 9%.
Fast forward to today. On Monday of this week, NGEY announced it had signed a memorandum of understanding to enter into a joint venture agreement with the world's largest Moringa farm. Located in Leon, Nicaragua, the 180-acre farm is a leading source of nutrient rich Moringa. Under terms of the agreement, New Global Energy, Inc. will launch Moringa Reserve, LLC to develop, operate, distribute and sell Moringa-based products to U.S. retail markets.
In many regards it's as if New Global Energy was teaming up with the enemy. That's because in many regards, it is. But, with the new moringa crop acreage at its Mecca, California farm capable of producing as much as $9 million worth of moringa and the 6000 moringa trees its planted in Thermal, California plus another 10,000 trees at its Mecca farm plus 20 acres of moringa tree in addition to a possible extra 100 acres in Costa Rica could produce $15 million worth of moringa every year, there are no competitors. There's just a scrambling industry that is years behind on its capacity to produce moringa and related products relative to demand. That's a key hint of the burgeoning demand compared to the supply of products and moringa itself - there are no enemies right now.
As for what kind of dollars a new brand of products could create, as was noted above, algae-based foods generate $60 million per year, and algae isn't an especially appetizing ingredient, and not as healthy as moringa. And remember, the broad moringa market itself is worth $4 billion right now. The advent of Moringa Reserve, LLC, could be huge for New Global Energy investors.
Whatever the case, the news was able to take hold of NGEY shares on Monday, although it looked like the stock was ready for a rally to begin with (a bullish clue in itself).
Shares have been testing the bullish waters since late January, and while that effort grew a little tired in the meantime, the bulls never went away. All it took was a nudge on Monday to push the stock back above the 20-day moving average line on huge volume. The ceiling at $0.59 came back into play, but it doesn't appear to be doing a very good job of holding the stock back any longer.
One more good day - and a close above the 100-day line at $0.66 - could be quite catalytic. It may be worth putting on your watchlist, if not in your portfolio.
$NGEY
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.