Big endorsement news! :t_up:
https://www.odt.co.nz/business/highlanders’-blue-mascot-blis-deal
Go the Highlanders!!
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Big endorsement news! :t_up:
https://www.odt.co.nz/business/highlanders’-blue-mascot-blis-deal
Go the Highlanders!!
Hi SL
I wondered if it was you rushing in to buy some more and pushing up the SP - but obviously not.
Never mind, it's always a roller coaster ride with BLT so just be patient - I'm sure there will be another dip coming sometime soon - but better have the wallet ready when it happens.:)
5c+ Is it Christmas already?
It certainly appears to have started early for BLT holders. With 131 trades for 4.3m shares today there appears to be a few believers around at the current price.
Disappointing you weren't in early enough to enjoy this little burst of excitement so maybe it IS time to take a leap of faith - but this is definitely NOT advice. It's highly likely the roller coaster is still running so there could be a few more dips on the horizon before the SP heads much further north.There certainly hasn't been any new news to support the current wave of enthusiasm - only the comment about BLT here:
https://www.sharetrader.co.nz/showth...20-Predictions
Company has done extremely well for itself. There is clear revenue growth, with the 2018-2019 period being a significant milestone.
From my consensus it seems customers are also happy with the product (which is the underlying fundamental question to always ask with any business). It seems the probiotic works well for halitosis.
I wonder if this company could expand its sales significantly through partnerships with dental practices who could help aid distribution. Looking forward to any dips where I hope to top up below 0.040c which I heavily regret not doing now.
Not partnerships with dental practices but Blis announced a few weeks ago they have engaged a panel of dental experts to advise on commercialisation etc.
This year I mentioned M18 to my dentist and also my oral surgeon. News to both of them but they were both aware of K12. Room there for some education, though maybe they think it might put them out of business!
What's happening today! No announcements but up 0.9cps.
It's gotta be more than just "window dressing"...
Could be a bandwagon event feels like it. It was one of the most traded stocks on nzx last week. I’m strongly considering cashing in my horde as there is so much volume out there be good to see BLT mop up some of the shares but can’t complain!! Late Xmas present.
Gona get a speeding ticket
There's usually a roller coaster ride with BLT but I've been acquiring since my first puchase in 2005 and have never sold a single share. I now hold a number of millions and have no plan to divest anytime soon. I like roller coasters as long as the ride ends at the high point.
I think the next few years are going to be very positive for BLT so I won't be unbuckling my safety belt in the forseeable future and will continue to enjoy the ride.
Speeding ticket issued and the usual response provided. Nothing to see here.
I was expecting a dip today after the response to the speeding ticket but the enthusiasm continues. Now at 6.7c - a pretty remarkable gain from 1.6c 12 months ago!
"Blis Technologies posted the biggest gain in the wider market, up 266.7 per cent this year at 6.6 cents. It was up 1.5 per cent today. The probiotic maker reported a maiden profit this year having listed in 2001."
https://www.nzherald.co.nz/business/...ectid=12297437
It would be great to see BLT elevated out of the "penny dreadful"' arena and I'm sure it would engender greater interest in the company.
I raised this question at an ASM several years ago but the response then was that the company had better uses for the approx $30k the exercise would cost. Maybe the position might be different now?
Little strange their last report was insanely good but the shareprice dropped a little after it was released - I made the rookie mistake of going with the market and not topping up.
Seems like there was a lag period with this one. That said, I feel like there's an element of insider trading vs insitutional buy in at this stage anyway.
Whens there next report due out. Could explain something
I'd say it's good news going by the climb in share price. Someone's got hold of some news before everyone else.
Little bit annoying too. I was going to buy some more on the 29th but away in avirtually no signal area and money cleared too slow before I left. Came back to see the big jump.
I think you might get your wish Pierre. The way BLT share price keeps increasing it won't be a 'penny dreadful' for much longer.
And for anyone closely following the company that might not be a surprise.
Just hit 7c. I have always liked BLT's products, but is this really a 77 million dollar company?
An important consideration is that there is not only rising price but rising volume as well.
Although not massive in absolute $ terms [yet] there is reasonable enthusiasm building for BLT.
I personally believe that BLT is on the road to increasing revenue and profits, but am surprised by the rapid increase in market price of late.
For the moment momentum rules.
I do not know, hard to value a company like BLT. However I see a few similarities between BLT now and ATM in its early days.
Both companies have a product which can be promoted with possible health benefits.
Both companies also can promote their product as if it won't benefit you it is unlikely to harm you.
On a price to revenue ratio, BLT is cheaper than ATM.
I attended the latest AGM, must say was very impressed. Quite a few new appointments have been made and it seems to me this company is setting up a structure to maximise it potential.
Like ATM in its earlier days, it seems to me a high risk great potential company. The way the share price is behaving on higher than usual volume in what should be the lower volume holiday period shows there is someone else seeing potential.
LOT of potential in the years ahead. Looks expensive relative to earnings but fast growing companies in hot sectors always do. Healthcare and technology are two key themes for the 2020's in my opinion.
P.S. I agree with what forest has just said and I know he looks at things with a healthy degree of skepticism so I get some comfort from him looking into this. I have taken a modest opening position today. Should have bought in 2019 but I had a fair bit on my plate that year and very happy with results so better late than never.
With 1,107,653,565 shares on issue you should have no trouble buying more...lol.
Yeah you can buy half a million and it hardly even makes a dent in your account, cool eh !
Healthcare a huge growth area...everyone taking supplements to try to not to feel as old as they are, know the feeling ? :)
I take a whole handful of supplements with my lunch everyday...I work on the theory that maybe one or two might be doing me some good and the rest probably cancel each other out :lol:
Nah, I'm an apple a day for breakfast kind of dog.
Revenue for 6 months to 30th September was $5.2 mil.
EBITDA [earnings before interest,taxes,depreciation,and amortization] was $1mil.
I will just keep them on my watch list in the meantime.
That said, it is fantastic seeing them gaining traction.
ps.I do have rather a lot of another Dunedin originated company,which thankfully is profitable,ie producing a growing net profit.
The Million dollar seller just moved back from 7.2 to 8 cents... May be he is reading the forum😀😀
You will be very happy if they hit 28 cents - might be a while before they get there though!
I will be happy if they just continue on their current trajectory as
my holding of multiple millions owes me an average of just 1.7 cents each. I hoovered up a large number some years back when BLT was really in the doldrums and raised new capital at 0.7c a share. I've been keeping the faith with the company since my first purchase (at 19c!) In 2005.
Looks like my patience is finally being rewarded.
I've got say the current SP of 7.1 seems a bit OTT though.
PS. Be nice if some of the BLT magic would rub off on that other Dunedin- based company too. Whatitsname? Oh I know - PEB.
I'm guessing someone knows something and everyone's just jumped on the price bandwagon. Will soon tell I suppose.
The insiders and anybody else who has read the latest 1H results might be talking about revenue increasing more than twice the expenses.
Some of us like those result and see potential.
Trading revenue for the period increased by 77% or $2.3m to $5.2m compared to the same period last year.
Total expenses of $4.5m were up 29% on the prior period.
Good growth, to be honest this reaction would have made more sense when the report actually came out.. So I think there is clear insider trading.
Always feels good when you've entered before the hype train/bandwagons drive the shareprice up even more. That said theres no reason why this cant be a future bottom given the growth potential of this company and a solid product.
[QUOTE=Cadalac123;784359]Good growth, to be honest this reaction would have made more sense when the report actually came out.. So I think there is clear insider trading.
Maybe Cadalac, on the 16 of Oct 2019 the first announcement was made of the revenue growth of more than 70%. The Share Price had a rise that day of 30% plus on good volume.
My observation with companies which have been badly managed and underperformed for an extended time is that very few investors take any notice of them.
If and when the (potential) turn for the better comes there is likely a time delay before the market recognised the new direction the company has taken.
I saw the same last year with Methven, to me it was obvious the new direction this previously very stale company had taken was a winner. Unfortunately I was not the only one and MVN has been taken over at a bargain price in my opinion.
https://www.sharetrader.co.nz/images...quote_icon.png Originally Posted by pierre https://www.sharetrader.co.nz/images...post-right.png
PS. Be nice if some of the BLT magic would rub off on that other Dunedin- based company too. Whatitsname? Oh I know - PEB.
Well there you go, BLT up 6.1% today and PEB up 8.3%. That Dunedin magic IS working - long way to go though for PEB!
Sorry am I missing something. I don't own shares in PEB but as far as I can see its up 1.67% today from recollection
I was going to punt PEB since they do have a small chance I guess of being taken over by a giant for cxbladder but the risk is a little too much for me.
I was very surprised they found enough punters prepared to support the most recent capital raise. I would have thought after so many previous broken promises most people would have woken up and smelled the coffee by now. I wonder if they'll try yet another capital raise when they ruin out of cash again soon.
This capital raise will see us through to positive cash flow and we really mean it this time :lol:
All sound like NTL ..raise capital, pay director , rinse , repeat . Referring to comments re PEB . :p.
You are absolutely correct. When I wrote my tongue in cheek comment earlier, PEB was at 13c and showing a gain for the day of 8.3%. However at the end of the day they were at 12.2c - up 1.7%.
BLT definitely the winner on the day.
Will PEB ever come right? I think the next 3-4 months will tell whether they are going to make it in the US. If they don't then they will remain in the penny dreadful category or fail completely.
Hey guys, so I've boarded this BLT train as of yesterday. Like a few others I was a bit frustrated at missing out on a ~30% gain over the holidays; I had them on my to buy list once the holidays were over. However I still feel ok about investing (compared to your WYNs, PEBs, etc. of the world) as they've actually started to turn a profit so it's all a question of how they build on that instead of begging for more cash from shareholders in order to chase prospects that might not even exist.
Does anyone know how strong BLT's moat is in terms of its IP? I.e., could someone else come up with products very much like theirs based on reading the academic literature, etc. Or do they have some IP protections in place, even if it's just a trade secret set of formulae?
This is the kind of question I wanted to research myself before buying, but then seeing the momentum I figured I'd jump in (Remains to be seen whether this was an incredibly dumb idea on my part.)
So everyone jumping on the BLT bandwagon now?
For your sake of your wallet and mine I hope you have not paid too much.
PS Please stop mentioning PEB here :(
The main throat Patents are about to expire, but they have a good deal of Trade Secret knowledge. The science seems to support their effectiveness and at $70 odd million chump change for a larger overseas manufacturer. The company however has said profits will be similar to last year as they are spending on R&D, marketing etc. If they can replicate the NZ success in Canada, Aussie, Japan or Europe profits could rise by a factor of 10. Disclosure long term shareholder, but I've sold a quarter of mine at these prices.
Seven weeks! Well that's not exactly long term. I've been accumulating BLT since 2005 and have hung in through all the trials and tribulations -and the CRs.
I'm an investor, not a trader, and don't quite see the point of selling down as things are hotting up.
I don't sell shares in my own company because things are going well so won't be dropping any BLT anytime soon. May think about it when it gets to 25% of my portfolio (it has currently rocketed up to 15%) but even then I'll think twice.
https://sites.google.com/view/nzshar...020-commentary
Must admit I am a little surprised that BLT is the third most favoured stock in the competition this year.
There will be some happy BLT stock pickers and holders- SP up to 7.5c already this morning and appears it will go higher.
<br><br>And I'm not surprised that Brokers have not picked BLT too.&nbsp; Yeah, BLT is mostly for sharetraders&nbsp;<img src="images/smilies/001_cool.gif" border="0" alt="" title="Cool" smilieid="14" class="inlineimg"><br><br>
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Is BLT going to be a little like PAZ? Would suspect Sharetraders end up as a large part of the price being driven up? BLT going gangbusters again today.
Although a few more shares on issue in BLT than PAZ however.....
little dip or profit taking? lol
Profit taking?
Based on the change of the depth profile looks like someone with a large position trying to exit with a lot of profit. Fundamentally nothing changed about the company.