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Looking forward to tomorrow's release, and to seeing what any news does to the shareprice! This stock seems to drift downwards between announcements as people maybe 'get tired of waiting' for the next update (?) but then has the tendency to jump very sharply on positive news. I think this company has a very bright future, and we're just starting to see some exciting developments as it sets up in new markets and brings new products on line.
As always, DYOR :)
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I am attending the Blis annual meeting tomorrow if any of you "members of the Blis Fan Club" guys happen to be there and want to catch up for a chat. Yes, I know it is well south of the Bombay Hills for a JAFA to travel out of his comfort zone.....oh well...."fear the fear and do it anyway".
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I would love to be there but it is a bit too far. Hopefully it will be a goody.
Share price is doing usual pre-AGM stuff - all over the place.
Mildly interesting read - http://couponclippingnutritionist.bl...iotic-gum.html
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Announcement from the AGM is out - https://www.directbroking.co.nz/Dire...spx?id=2561074
Highlight is - Rite Aid Pharmacy is launching a K12 based product. Rite Aid operates more than 4,780 stores in 31 states and the District of Columbia, features a strong presence on both the East and West Coasts, and employs approximately 109,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S.
4,780 is a lot of pharmacies!
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Yes, another round of good news.
"The latest US retailer to confirm their interest in the BLIS K12 probiotic is Rite Aid Pharmacy. This Fortune 500 Company is the third largest drug store chain in the United States with nearly 4800 stores nationwide."
"Sales of ingredient YTD have exceeded those for the same period last year." No detail though. "North America would remain a significant, profitable and growing market for the Company for several years to come"
I like this very much, an upscaling in consumer marketing: "a shift in emphasis toward communicating the benefit of the BLIS probiotic directly to consumers. The Company, in partnership with its North American distributor Frutarom, is building a new consumer-focused website to support US consumers. An on-going public relations campaign is also being developed to support the marketing effort, towards the retail consumer."
And "Company also announced that it would formally release the BLIS M18 probiotic in September 2010."
GRAS work proceeding, but no particular time scale mentioned. Access to Europe experiencing delay. No mention of the Nestle situation, but presumably we would have heard if anything untoward, so presumably on track.
"reaffirmed the company was well positioned for growth in the future".
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This is all from memory so forgive me if I make a few errors.
A few highlights- sales great so far.
Sales and orders year to date 600K (last year full year 720k)
Sales and orders M18 200K
Don't extrapolate this is the busy run up to the cold and flu season in USA.
Could do GRAS now but better to do a human trial.
Regulation a pain, but also a barrier to entry for competitors.
Rite Aid looks like a big one. Between them and Costco they have agreed to a marketing budget of $NZ1 million this year. (lets read that again folks!)
Nestle should have results over the next few months.
Other trials going well, but they want runs on the board and positive cashflow before they go there.
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Hey, thanks Arthur.
$1m marketing budget fantastic. Sales and orders great, too.
Extra details from the presentation compared to the press release:
GRAS expected end of this year.
Nestle evaluating trial results. (Anything further said at the meeting?)
M18 progressing well.
Initiating sales in Europe, so something is proceeding. (Any details of how at the meeting?)
Sales chart looking good.
So, we currently expect:
Bioguard to go nationwide in a few weeks, according to the presentation.
Rite Aid to launch it with 4800 stores in a few weeks, according to the presentation. Imagenetix was mentioned in relation to this new product.
M18 "formally launching" in September, which presumably means starting down the road that K12 has been down? Or will there be a different path? Last year's sales revenue was largely as a result of that K12 launch about 18 months ago, wasn't it? So that could be significant.
"shift in emphasis toward communicating the benefit of the BLIS probiotic directly to consumers" in conjunction with Frutarom.
No new details on Asia, but presumably the market continues to make ground there.
The company is taking on the look of a company now really concentrating on increasing it's sales (like they ever forgot that!). That's good. And the above surely shows the potential for significant success.
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Thanks Arthur, Simla and Cannibal.
The presentation tells a very positive story. Regulatory process still taking time but sales continue to grow, so much on the horizon in terms of new products and new markets, and Rite Aid is a massive piece of news.
I'm very very excited about the future of this company. In 2-5 years time I think we'll be shaking our heads with disbelief at an incredible NZ success story.
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Congraulations simla on 500 posts - am I correct in saying they are all on BLT?
Thanks for your dedication to this stock, for scouring the internet for updates and sharing your findings with us.