Finally Blis gets back to its pre Brexit price and possibly better by days end
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Finally Blis gets back to its pre Brexit price and possibly better by days end
Yep, nice to see the SP move up though on pretty low volume.
I doubt that anyone "knows anything" - probably just holders hanging on until the ASM at the end of the month.
I've decided to fly down for the meeting this year. It will be interesting to eyeball the new MD and to hear the update from him on how he sees things tracking this year.
I'm happy to ask questions at the meeting on behalf of any holders. Best let me have them on here so others can see them, but ok to PM me if you prefer.
I'll post an update after the event.
Pierre
Yes, I have questions if you have an opportunity.
The company is showing a new intention to communicate with shareholders and that is great, and I am grateful. So far we have learnt that they are upbeat, welcome news. And that they are spending money internally to gear up for the future, again welcome knowledge as that explains the large increase in costs.
However, there is still much to communicate. Presently there are still quite big questions outstanding:
FUTURE. They are gearing up, so that is presumably for some sort of actual expected future. Great, but what future DO they hope for over the next few years? Please share that with us. Personally I feel almost completely blind on this question presently, which is the root of my recent reservations at celebrating too much. Just what future are we actually waiting for now? The old future has been achieved now, so what is the new future? (I have a suspicion they are aiming big, but they are not saying so if so, for example.)
COSTS. It will be so tempting to just keep throwing increasing revenue at investment in future growth. Where do they intend to draw the line between future investment versus showing profits and dividends?
FOOD. The company is concentrating on finished goods they tell us. So, are supermarket-level goods now off the agenda, such as yoghurt, chocolate milk, drinks, ice cream, biscuits, etc? I say this because BLT clearly has no capacity to manufacture to supply the world's supermarkets. (Or is there a plan for that?) And if not supermarket-level, then what sort of products are instead in the plan for moving forward with GRAS? Obviously I have been seeing supermarket-level goods as potentially very high volume sellers.
ASIA. Clearly all of Asia is proving a very hard nut to crack. Is the company now taking a longer term view on that or is there an intention to keep trying to improve things in the shorter term? Does the company have a view on why Asia is so difficult?
Clearly BLT Is changing into quite a different sort of beast now. Presumably a bigger and more powerful beast. But although I can see the change happening, yet I really cannot see what the result might look like. Can we flesh out the new dream more please?
It will be interesting to see how the intention to communicate extends into a Q&A session.
I remember attending a sex education evening at the age of 12. We were solemnly assured that the seed passed from the male to the female, and that a baby resulted. Up went my hand. How did it do that, I asked? The reply: Next Question! He might have been wiser to answer, since one of the girls "went away for a few months" a few years later, having presumably finally learnt the answer.
Meetings keep the communication channels of the world open. However, my own health does not offer me that choice. It will be interesting to hear your feedback.
I'd be interested to know how the company sees retail pricing of products going forward. Are they in the R&D recovery phase now, with prices expected to reduce with economies of scale and R&D recovered?
Prices seem high to me, though I don't have any knowledge of manufacturing costs.
Also interested to know what keeps the directors awake at night - ie top risks.
Were you 10 at the time then, FP? I'd have asked if I'd realised you were there. :)
Re AGM Pierre.
Could you ask if the company has any plans to use the Chinese Alibaba site to market its products. Thanks.