Thanks guys for the reminders. Simla, it was just a copy and paste from Direct Broking to Sharetrader (using Chrome). No magic was performed by me.
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Thanks guys for the reminders. Simla, it was just a copy and paste from Direct Broking to Sharetrader (using Chrome). No magic was performed by me.
Ah, if we knew! The company recently told 63% of shareholders with less than 25k shares that they had three months to buy more or be sold out. https://nzx.com/companies/BLT/announcements/231578 That must be part of what's happening, but is it the reason? Don't know. (The last annual report http://blis.co.nz/media/pdf/blis_annual_report.pdf states there were 2526 shareholders, p50, so 63% should be about 1600 shareholders.)
Okay, since the share price is of interest at present, I should probably try to be accurate. I've got out of the practice of keeping links to back up my posts.
In particular, I said I thought there had been a trickle of products appearing, meaning the last few months. But I'm not really keeping links any more, so here's a question for people. What news have they got to post links to of progress recently, as the group hasn't really been posting news much?
The M18 in Japan is recent, so that's easy. http://www.kenko-media.com/health_idst/007900.html Here's a Hungarian site with Blis for sale http://www.oralbiotikum.hu/now_oralbiotic___blis_k12_58 This German site isn't open but Google links it to Blis http://www.oralflora.de/ I think we mentioned this Italian one, and there's the link on the research as well. http://www.infomedicaintegrata.it/ I'm pretty sure this one in Japan is new, but I'm open to correction. http://kenkoumama.com/item/purobaiok12/ That's just a smattering to show at least some backup for the statement. If some of that isn't recent, my apologies, but I haven't been collecting links.
So just a trickle from my point of view. That's not all I saw, but I can't remember where or why, as I wasn't posting about it, but I may be remembering market progress as much as products. Plus I read about progress by things like Yomi which I posted recently.
So sorry for putting up "facts" but not sourcing them, I'm out of practice.
But what news has anyone else to bring to light?
As you say Sparky, no actual news. I'm in this for the dividends myself, as well as building a worthwhile company, and not getting too excited about the price. But nice that the company is getting a reponse finally, as the share price is absurd in my opinion, even at the current price. Just my opinion though. Have you locked in your own good news by selling out your position in the other companies then? Profits come with dividends or sale of shares and anything else is only today's price?
PEB and ATM haven't paid dividends either, but I imagine you're hoping for some! I can't see how Blis can not pay dividends sooner or later except by going bankrupt, and it's hard to see the current situation leading to that now. We'll see.
Life isn't a competition. We can all win.
There I definitely disagree. I am constantly amazed that nobody mentions the maths behind Blis. If the maths was otherwise, I would have a very different attitude to Blis. If you multiply the NZ sales per capita over it's other markets with the 50% or less cost of goods sold they've had so far, the results are more than satisfactory, even after a few years delay. And the NZ sales are not even supported by extensive advertising, and neither does that allow for other products in Blis's arsenal, nor the GRAS multiplier. When I complain that Blis is undervalued, it's because I have ... valued it. Nobody else seems to have thought of that basic idea. Beats me why not. If Blis reaches the stage of dividends, I don't think anyone will be complaining about them. Just my opinion, of course.
And yes, it is strange that the penny dreadfuls are collectively getting attention when you consider the large numbers of NZ companies that have no researchers following them.
There hasn't been any new news that justifies the share price rally. The buy back may be causing it? Or a penny dreadfuls suddenly in favour? How lovely...
I'm sure most of the posters on here haven't doubled their value, but a higher share price is better than a lower share price :) Many posters may have very low buy prices because of averaging down. Perhaps just another cent or two to make a profit for some? And it doesn't take the market valuing this company based on potential (something the market gave up on long ago) before the share price goes up hugely as a percentage from the 0.7 cent low.
Perhaps the price will drop again sometime soon. Just like that other company you refer to. Only time will tell!
Happy is good. That is why we like clowns :)
Popped into the Countdown you referred to Simla. What a nicely laid out shop. Yes they had both types of Throatguard for $18.99. If supermarkets go this way (of having Pharmacies in their new/bigger shops) then that would be a good thing, but it isn't going to change the future of BLT. NZ is too small for BLT to turn around based on lozenge sales.
Getting the ice-cream into more supermarkets (Countdowns, Pak and Slaves etc) would make more of a difference but again won't make BLT a winner. All good small steps though...
Its really is going off like a frog in a sock.
Brokerage costs must be a killer as the dollar value of trades is so low. If you wanted a reasonable holding to make it worthwhile, you would have to take out all the sellers.
Is anyone on here buying at the moment and pushing the price up?
Whats the process with the compulsory acquisition - will they just dump them on the market or will they have a buyer/s lined up to ensure the price doesn't crash (ie. a placement)?
No, Sparky, I won't be posting my valuation. That's for me to act on, sorry. I'm happy, but it does of course require Blis to pass critical mass point.
Emearg, I've seen Gourmet in Pak and Save, Moore Wilsons, Four Square and New World. All owned by the same outfit though I think. They are in other stores in the South Island too.
Yes, CJ, there are only so many shares available to be bought despite the 670m shares out there. The non-passive Blis shareholders have shown some tenacity and I can't see them selling out easily. But then price changes everything maybe. But never mind the price, this is a fascinating situation to watch play out.