CER - net loss reduced! ... a little bit

[zyreon]

2004 PRELIMINARY RESULTS STATEMENT
Certified Organics will release its preliminary statement for the year ended 31 December 2004 to the NZX on the morning of Monday 28th February 2005. Full details will be available immediately thereafter on the Company's website.

http://www.certified-organics.com/

[zyreon]

easy money you might be interested in this:

http://www.beautydirect.co.nz/default.cfm/layout/sleepingwell

[rawdata]

Now let's look at the announcement :

CER is pleased to report a significantly reduced loss and directors are confident that the company is now on track to generating an improved return in 2005.

The broomrape trials in South Australia has gone particularly well that we have now received an additional $250,000 order to further trial the application over 2005. Shareholders should be patient with this trial as the SA government needs to be confident that there is no recurrence of broomrape re-infestation upon initial eradication. This will require monitoring of the eradicated sites over the next 12 months before the trials can be declared successful.

Subject to a successful conclusion to the trials over 2005, CE is confident of multi-million dollar orders from the SA government and from the rest of the world.

David Warrick, Managing Director of Certified Organics, says "This is a significant vote of confidence in the excellence of the results and the significant cost savings being obtained. We are now responding to further enquiries."

Meanwhile, CER is making progress with its JV partners in Europe, Asia and the US. Significant orders can be expected over 2005.

To build up stocks to supply those markets, CER has decided to give existing shareholders the opportunity to participate in a 1 for 7 rights issue at 6 cents to raise a further $500,000, before expenses.

This issue will be underwritten.

:D:D:D

[whatsup]

Seeing as this announcement is such good news and the company has such a great future ahead of it, I wonder if a Mr Inis (a major shareholder) will still be trying to sell down his share holding ,he used to have some connection with the top table?

[rawdata]

Addendum to announcement :

CER forgot to mention that the placement made in September last year involved the issue of 8.85 million free options to acquire shares in CER at a concessionary price.

We look forward to the exercise of those options as the money raised could pay for the 2005 salaries and expenses of executives.

[rawdata]

Further addendum to announcement :

Mr S Innes, one of the original vendors of CER, would like to advise all shareholders that he now only holds 3.24m shares, having sold 3.6m shares so far to you lucky punters out there.

If there are any interest in the shares, punters are advised to contact Direct Brokers to express their interest. :D

[rawdata]

Further addendum :

It has been hard for CER to talk the share price to current levels to facilitate a rights issue (and possible future placements).

It would be appreciated that shareholders not sell their shares so that CER does not have to issue so many positive announcements.

Mr Innes is of course exempted from this request - he is free to sell on positive announcements. :D

[whatsup]

Q; Is Easy Money Mr Innes in another world/

[whatsup]

Rocking, Q 1)where are the South Sandwich Islands,2) Is there a North Sandwich Island or Islands & 3) Whats the fishing like?

[easy money]

rawdata...you are a funny person...you make me laugh so much..enjoy your weekend

[whatsup]

Q is "easy money" = "rocking"? somehow I think he/she could be ,then again if "easy money" is Mr Inis, then "rocking" is a Mr!!!.

[zyreon]

Certified Organics Limited CER 28 Feb, 2005, 09:47 FLLYR 2004 FULL YEAR PRELIMINARY RESULT
Full Text of Announcement
Certified Organics has released its unaudited trading results for the year ended 31 December 2004, announcing an operating loss reduced to $1.34 million from $1.53 million in 2003, from sales of $0.89 million, up some 18% on the previous year.

The Company recorded an encouraging export sales performance, primarily to Australia, where sales topped $0.5 million, from a nearly standing start.

The initial Australian retail launch of Organic Interceptor(TM) weed killer and mould control products and the sales to the government of South Australia for its Branched Broomrape eradication project mean that Certified Organics is no longer solely dependant upon New Zealand for its revenue stream.

The development of the Company's export sales proved particularly important this year in view of the disappointing sales result from the New Zealand retail market, where sales suffered from deficiencies in the quality of the distribution, compounded by the very poor spring and early summer weather.

The Company's products - notably Organic Interceptor(TM) weed killer - continue to attract interest from the commercial agricultural market. This investment in product research and trialling accounted for some $0.35 million of the Company's expenses in the year and continues to lay a platform for commercial market sales in New Zealand and overseas, as distribution arrangements become established.

2004 Revenue $0.89 million (2003 $0.75m) 18% increase

Note:2003 sales revenue benefited by some $0.27m for sales the Company made directly to retailers before the appointment of the NZ master distributor in mid 2003. The 2004 sales performance reflects an 85% growth on a "like for like" basis.

Cash loss $-0.75 million (2003 $-0.91m) Reduced by 18%
Pre-tax loss $-1.34 million (2003 $-1.53m) Reduced by 12% Pre-tax loss is shown fter charging $0.59 million of non-cash depreciation and amortisation

Prospects for 2005
In Australia, the Company looks forward to further penetration of the retail market in 2005, together with growth in the South Australian government's programme to eradicate the noxious weed - Branched Broomrape. Sales to this programme were worth some $0.3 million to Certified Organics in 2004. Current indications are that the extent of use of the Company's products will be expanded in 2005.

In New Zealand, the Company is working with its distributor to upgrade the approach to marketing. This, together with the launch of product range extensions will lead to an improved sales performance in our home market in the forthcoming year. Late season sales into the New Zealand commercial agricultural market have been strong in the first two months of the New Year.

[zyreon]

is that the sound of a balloon deflating i hear??

fairly neutral result, gradual progress, but progress none the less.

[rawdata]

Cash down to last $16,000 - Ouch!

[zyreon]

at the pub, drowning his sorrows

[zyreon]

quote:Originally posted by rocking


quote:Originally posted by zyreon

at the pub, drowning his sorrows


Not the smartest place to avoid a lynch mob, I'd have thought.


maybe he's in his basment drinking cough syrup

[rawdata]

What a shocker of a result - without the $885,000 placement in October last year, the company would be under water unless it could borrow the money from banks (unlikely).

And with $16,000 left in the kitty, how long before that cash issue?

[winner69]

What a shocker of a result - without the $885,000 placement in October last year, the company would be under water unless it could borrow the money from banks (unlikely).

And with $16,000 left in the kitty, how long before that cash issue?

That was rawdata's post of 4 years ago

CER still losing money .... but have $180,000 in cash .... some on term deposit so obviously thing long term