Please update your analysis of GIP and indicate the risk level and possible entry point.
Always appreciating and thankful for your sage analysis.
Grazzia
At only $76M market cap, size risk is high. It is losing money, and in the past 12 months cash flow was also negative (marginally). The balance sheet has some debt/obligations, which adds further risks. Insiders own 5% directly. Construction costs of its Future Energy Park (FEP) have gone much higher than expected, to $1.5B. The company in November noted that construction is still expected to start this year and will take three years to complete. Revenue fell by 27% in the Q3. Its fortunes are going to depend on FEP. Such large scale projects have lots of risk (delays, inflation, completion, commissioning). With three years before completion, we would consider risks too high here. There will be plenty of time to buy this as the project gets closer to producing revenue/cash flow.