Your phone spell checker is the least of your worries ! :ohmy:
Best Wishes (for a speedy recovery)
Paper Tiger
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Annual report: nothing new to see here move on. All off this has already been signalled to the market.
Still going in the right direction, but will need to turn a profit or funds will soon run out.
the several studies underway will be pivitol to continuing the momentum.
prediction for this year $9M sales and +$300K profit.
the ride continues
......SIMLA (or anyone), would you happen to have revenue figures over say last 5years? A table or preferably graph might go down well , if possible. Maybe we could then extrapolate that out another 5 yrs and hazard a guess where we might be......all things being equal that is. A graph would also paint a good picture of the progress we've made, for all to see..........just as a reminder. Sorry but Im no good at such things so hoping someone else might have the time and skills?? Cheers in advance.
No point in going back beyond 2013 as there was no trend before then - the company was very definitely still building all its infrastructure rather than gaining much revenue. So extrapolate a trend all you like, but it will be from a very short history. Some will think this represents a solid growth curve, others will say that one swallow does not a summer make, especially as that swallow is only a projected profit, not an actual profit.
The company gave us little detail of what to expect in future apart from projected revenue this year, so I can't really see how we can do anything now except wait for the next half year report, unless the company is more specific in the AGM.
The thing is, Gr8day, that I don't think it's about revenue now. It's about costs. Projecting revenue growth will show nothing until we have some idea of the cost growth.
They just told us that revenue increased by $3105k last year. p3. So we have revenue of $5628 and cost of goods sold $1762. p25. That's a gross profit margin of 69%, which is an extra $2142 from that $3105. Yet the net deficit only changed from $1373 to $816, or just a $557k improvement for a $3105k revenue increase.
So how do we know that another doubling of revenue is going to produce any noticeable profit? We are never told what their expenditure plans are, only the revenue plans.
Now they did discuss the increase in costs for the past year. "There was a significant increase in overheads for the year, some of which we would not expect to recur." My emphasis, p4. How much is "some"? We don't know. "There was also ongoing increased costs required to meet the company's growth targets". p4. $1m of that increase, for whatever reason, were called "Business operating expenses." and around half a million is in Employee benefits. p26.
So they have projected the revenue for us but have not projected the profit. Why? Well, the obvious explanation is that it entirely depends on how much they choose to spend during that time. But we know almost nothing of what projects are on the boil with the company now (eg. what is happening to functional foods, which were not mentioned at all in the report - apart from a reference to GRAS - despite the company spending years and millions of dollars positioning themselves for this market) so I do not see how we can form any opinion on what expenditure will be undertaken this year, or next, or ...
So if the sharemarket is looking unconvinced that this share is about to pay off, well, it isn't hard to see their reasoning, is it? We simply have no idea what the company is planning to do next, or what that will cost. Revenue may continue growing, but we are none the wiser as to what will happen to profit, are we?
I wonder if this is a transitional thing? Blis has been head down working its butt off for many years and the market has ignored it on the whole. Now they are starting to engage with the market, announcing good news, and issuing press releases to that extent.
But the market is looking for steady reliable information to work with, as it does with all stocks, and Blis needs to work out how to work that way maybe? After all, there have been a few relatively new posters here over the last day who have said, why would we believe this will work? They haven't said that they do not believe it, but they are looking for standard share market signals and not seeing them. What profit are you forecasting? Don't know. What budget are you working to? Don't know? What is your five year outlook? Don't know. Etc.
So maybe this is just yet another learning curve for Blis to go through? Or is that just my impression of what is happening here?
Maybe they should talk to that chap at Craigs (http://www.odt.co.nz/news/business/3...s-first-profit) and ask him what analysts would like to see available to them?
.........agree SIMLA but IDEALLY we see further revenue growth (50% will do thankyou) AS WELL as cost reductions. Make it happen please directors, after all that's what we're paying you for.
More interest and volume, although only a tiny % of shares traded each month.
Volume has noticeably picked up. Anybody know something? That massive sell order at 3.5 is nearly gone
Don't know the reason, however the SP charts have been looking bullish since mid-may (Bollinger bands tightening etc), so rock on BLT!
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