Macessness
$XIFR
I won't. I'm invested following (after) the January 2025 strategic shift. But I admit the market re-rating is taking too long.
Since Jan 2025, the company has delivered quarter after quarter, on its new strategy.
I expected the stock to reach around $15 after 3–4 quarters and $20 by now. disapointing.
The fundamentals speak for themselves:
- $750M in FCFBG delivered in FY2025.
- Another $600–700M expected for 2026.
- Improving capital structure and debt profile (also thanks to meadle pipeline sold at 1.1 billion usd).
- Surging electricity demand and prices.
The negatives are real: restrictive US policies on renewables, borrowing rates up (market), CEPF, lawsuit, etc. But their impact is simply not comparable to the fundamentals and performance.
With a market cap of just $1.8B, a valuation similar to January/February 2025 is not justified. Market will catch up.
That said, 6–7 dead money and therefore very disapointing.
Anyone reading this can jump in.
