Interesting to speculate whether the expected annual profit will show as a half year profit by then. That may depend on when extra expenses hits the books, as it seems likely they are spending to expand as well.
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Yes, that was probably my most emotional post ever on this group. But I have a pretty shrewd idea that time will justify it.
I feel like Blis has been a concert pianist locked in prison all these years. Red tape every which way you look. But now Blis has been let out of prison and we will find out what sort of pianist we have been backing.
Certainly there is potential. K12 is still only just laying the groundwork overseas compared to the revenue levels in NZ. And M18 is still searching for it's natural spot. That recent study showing a big impact on cares is probably were they are trying to position it. And we haven't seen them touch toothpaste yet, but in Japan it is being advertised that way. And who knows whether the rheumatic fever thing may turn out to be big, there's plenty of that in the world.
And the whole food thing - yoghurt, ice cream, beverages etc - is still where I think the big gains are, and we haven't got far down that road yet. Dog products. Q24.
But they needed to get rid of the legal battles and get hold of some decent cash to really go down these roads. Well, maybe they just got there.
So we don't know how good this concert pianist is yet. But he seems to be out of jail and walking on stage at last. I'm ready to listen, that's for sure. I hope he's good!
......haha SIMLA. Many thanks for the offer to council and Im pleased Ive made you grin.........rather that than GRIM......as we all once were some time ago. Things are heading north down there in the deep south for Blis and the results are now proof of this. 100% plus growth pa is consistent now and pleasing (to say the least) Oh to be a fly on the wall or a fly on their courier vans......those drivers must be loving this growth story ah??!
So, today the market showed a sense of humour. Round the block and back again.
.......yep silly short sighted sheep, just dont get the big picture I GUESS Simla??? If everyone held tight (and showed belief in the story behind the company) the SP could easily have ended the day closer to or over the 4c mark......it's not rocket science. Selling a growth stock at these levels is crazy stuff IMHO. Oh well I'll just have to dig deep and buy more come Monday.
Lots of excitement on here since the confirmation that 2016 FY has produced excellent revenue.
It will be interesting to see the financials to see where the revenue is coming from, and how the costs are being incurred.
The rest, predictions of ongoing revenue growth and profit are just words at this point so don't get too carried away. Plenty can go wrong or change. Some things they can control and some things are out of their control and will need to be managed carefully should they eventuate.
All in all a good result for the year, but the future has yet to be told.
Cheers
Just so, Emearg. Nevertheless, there are several things we might reasonably assume from the news, I think. The orders are still rolling in. The orders are increasing. They aren't planning any expenses big enough to prevent a profit. And the trend in growth of several years now is in place for the meantime anyway. And presumably there have been no recent bad developments that they could have told us about in that announcement. Not to be sneezed at.
A disappointing way to finish of the day's trading, on reflection the market had factored in this well telegraphed news all ready. The only new news here is the forecast of $8M next year. Perhaps a conservative estimate based on ongoing orders, but potentially this could be a lot higher with recent GRAS granted in the USA, the Sinpham and cure kids trials to be published this year. These pending announcements will move the share price higher then yesterday's announcement.
I do feel that BLIS's historical false starts (more then a groom on a wedding night) have added negative sentiment baggage to the value of the company's share price and this holds back positivity on the share price when it has great news.
While the news for Blis continues on the right trajectory, continued growth in sales, maintaining margin and controlling expense growth will help lift the price. The next step after profitability will be a share buy back reducing the number in the market place.
Well done the BLIS team, a solid result and more importantly as forecasted. Keep your nose to the grindstone and the market updated on future developments. We look forward to more victories this year and continued positive momentum of profitable sales and share price.