Good point. I missed that. :) If only he owned some - you could have made an offer to buy his holding at 0.02 cents per share!
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If any other company had just announced a 90% success rate in dealing with recurrent tonsilitis, people would be looking up with very much interest. And 40% success with recurrent glue ear is hardly small news to very many parents whose lives are driven mad by this problem.
I think David's attitude to the share price being right is a very common view and I've long since given up arguing. But I don't agree with that logic, even though I can see the weight of it. A2 Milk was 6 cents three years ago and is now 52. Pacific Edge was 7 cents at the time, now 42. Diligent was 10 cents, now $5.
David is quite correct that we need income to prove the point. On the other hand, Blis has now paid for some real assets, like K12, GRAS, Europe, China, M18, Q24 (somewhat), dog products somewhat (estimated on the market next year remember), numerous business partners, a strong NZ market position, an ice cream company, valuable food technology... so presumably much of the income in future can go straight to the bottom line. Well see.
By the way, people should try the Gourmet roulade. A seriously nice product that would go very well in many dinner parties I imagine. It has started showing up in many supermarkets here in Wellington now, after being very hard to find before that. And did people notice the Brandy Snap ice cream is now in the same flat-pack format as the Blis ice cream, where it used to be in pottles? Capitalising on market position gained? Blis ice cream is very visibly positioned in some supermarkets now.
I certainly can't see the fat lady anywhere near this company as it stands presently. Next year will certainly be an interesting one to watch. This year was certainly tough on shareholders, but I could see that changing with any reasonable tailwind of luck. We'll just have to wait and see.
A 10% jump in the SP today - somebody likes the latest anoouncement.
Can't help feeling that a share consolidation would be a good idea though to get BLT out of the penny dreadful category. A 1 for 10 deal would at least get it into the 10cent dreadful department. It might also attract a bit of market interest and add a modicum of credibility to the business - maybe!
pierre, it might be a 'big jump', but only $1100 spent.
i'll go and eat more Pineapple chunk icecream before the company fails completely!
Anyone interested in reading the article can find it here:
www.dovepress.com/getfile.php?fileID=14609
I don't think so. The share price would fall back to penny dreadful status pretty quickly unless Blis produces better financial results. Without those or an announcement of a serious product launch (Nestle rolling out a food product would be an example) the share price is where it belongs in my opinion.
If there was a share consolidation (to 10 cents per share, for example), there's no reason the price would drift lower again - certainly not back to 1 cent! If it *did*, then the market cap would be in the vicinity of $700k! I'd be mortgaging the house and buying the whole company at that price!