Looks like Geoff Speiser is still growing sales at a healthy rate: http://www.smartcompany.com.au/The-2...reezeCare.html
And this is really just the tip of the iceberg, isn't it, considering his particular niche?
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Looks like Geoff Speiser is still growing sales at a healthy rate: http://www.smartcompany.com.au/The-2...reezeCare.html
And this is really just the tip of the iceberg, isn't it, considering his particular niche?
Well spotted, Bobby. Pretty obviously Geoff Speiser would be pleased to drive Blis into profit single handedly if he can. With offshore sales reported here at $450,000, against his sales of $1.9 million, he appears to be making way more money than Blis from the product so far, but at least that is a great incentive for him. Good that he is gearing up for expansion anyway.
I think things are quiet here because there is nothing on the boil. The only news we might be expecting would be:
1. The US neutraceutical product has launched. Well, we haven't heard it has been cancelled. Merely seeing it appear, on the other hand, is probably not going to tell us a lot.
2. Significant sales into Ireland. Well, that is not that likely in the first year, and in any case winter does not come there for a few months yet.
3. The half year report at the end of November, which is therefore probably the only real news we can next expect.
Let's face it, the NZ sharemarket is so thin that usually nothing ever happens between half year reports. That, and the fact that the entire world seems to be sitting around holding it's breath, waiting to see how big the backwash from America is going to be ...
Thanks for that news Bobby. It's interesting that Geoff Speiser was doing well in the USA before BLT pulled the plug. Presumably because Barry thinks there's too much to be made for it all to go into Geoff's pocket.
That news snippet fits with the recent appointment of Grant Washington as USA sales manager.
'BUY' offers today at 3.3c.....very promising
Nice one Oman. Actually, there are only 370,000 shares currently on offer for sale, even if you include the ones offering at 8.5 cents. Whereas there are currently 136,829,042 shares in total apparently. So, no one much is actually willing to sell, even if no one much is buying. The last time shares sold in any real volume was around April 2007, when several million changed hands over a small time period. By my calculations, then, a mere 0.2% of the shares are currently for sale in the middle of the biggest crash since 1929 (according to the newspapers). So the share price reflects a lack of buyers, not a deluge of sellers. Needless to say, and as always, I find that encouraging.
I just bought the new Bio Restore with the new shiny metalic packaging, which is an improvement. They have changed to plastic bottle instead of glass.
They also have DSM Lafti strains instead of Howaru
Anyone else spotted any news?
Its a bit depressing waiting for news with the share price dropping.
Interesting to see Eion Edgar will recieve aound $38 Million from Mrchips sale.
.
Yes, it is not the stuff to warm the heart. Today, there was a sale of 50,000 shares at 3.9 cents - shares that someone just wanted to dump at any price presumably. Still very low sales volumes though, even if the prices is dropping. The fact remains that the share price has no influence on whether the company will make a profit or not. The question is not whether the price is dropping, but what effect this psychological and financial state will have on sales and on new markets taking up the product. Irritatingly, only time will tell.
Impatient, what's doing? With the pillars of the world's financial system exploding before our very eyes, the chances of Blis turning out a spectacular result just now are surely a little diminished. These results could be a clear victory to your point of view, but you aren't even staking your bet on the table. We won't hear for a couple of months, of course, but now is the end of another financial half year. I may argue with your point of view, but I do respect your ideas. What do you think will have happened?
Come on guys. Things are happening and nobody is saying a word. Well, I'll have a go at the maths of this.
The sales revenue of Blis falls into two bits: the existing sales, and potential new markets. Now the existing sales are potentially subject to downturn, so let's say they might go down by 10%, 30% and 60% as mild, medium, and worst cases. Against that, the potential new sales must surely carry a potential of at least doubling sales. And as well as both of those, Blis remains in a growth market, so even after a downturn it would seem reasonable to me to think sales would continue to grow at 30% a year, say 20% if things are bad. Why should news of the product not continue to spread just because there is a general downturn?
So, a mild downturn of 10% would still be attached to a 20% growth, and things would still be doing okay. Even a medium downturn should still attach some growth at the same time. However, a serious downturn might produce a 60% drop in sales, and that would be complex, because if sales growth was 20% at that time, it would take several years to recover to where we are now.
However, any of these would be swamped by a new market coming on stream, in which case Blis would be doing fine. Indeed, even if you take the serious downturn situation above, requiring several years to recover, that still requires no new markets coming on tap at any time during those several years.
So, judged from the profit point of view, it seems to me that the credit crunch should not have a severe long term effect on Blis, chiefly due to the fact that it is still in a growth phase. It could have a big short term bump, of course, and we won't know that till the next report, and the one after that perhaps.
The other question then becomes how much money Blis has in the bank to carry forward. As at 31 March 2008, Blis reported cash and short term deposits of $844,000. and in July announced a cornerstone share sale of $500,000, with the option for the cornerstone to buy a further $1,500,000 should they choose. Is this enough to weather any downturn. My guess is probably, and additionally the cornerstone shareholder is traditionally meant to be interested in getting out a cheque book when required. And of course, at such point as one of the other markets came on stream for Blis, I would have thought that this cash position was quite ample.
So, as usual, I remain optimistic. However, the above is complete speculation. Any one else?