Sales were much better than what was forecast at the AGM. At that point they were predicting they would be at least 65% of last years total revenue which was stated as 1,121k. That translates to sales of at least 730k.
Printable View
Sales were much better than what was forecast at the AGM. At that point they were predicting they would be at least 65% of last years total revenue which was stated as 1,121k. That translates to sales of at least 730k.
Yes, it's mostly good news from our viewpoint? The whole thing is perhaps consistent with their having had a real doozy up their sleeves which they thought was about to appear but now looks like it will take longer? Since we didn't know about the doozy, the actual news is still pretty good for us. The main change seemed to be in the tone of disappointment, in particular that they aren't expecting to move to profit in the "immediate future" - whatever that is, but not FY 2015 anyway. There was no mention of expectations for FY 2016 at all that I saw.
The reason for the drop in my opinion is a loss of confidence (again) in management who earlier in the year were confident in being profitable this year. Now its next year.
This is an oft repeated line from many companies but from BLIS its happened so many times it should be expected. Next year, going off previous performance, likely the profit goal posts will be shifted to 2016, then in 2016 to 2017 and so on and so on...
I think it depends on whether "not in the immediate future" meant that there is a big setback, or merely that the big payoff over the factory is delayed a bit while customers get themselves ready. Unfortunately, I don't really think we can be sure which of these was meant. Saying what is not expected is not as clear as saying what is expected! The latter and smaller meaning seems more consistent with the wording to me.
As to the activity with the share price, so far it is still consistent with a couple of people having taken a punt and covering their bases. There is clearly some buying going on too. Unfortunately, with Christmas almost here and then the quiet summer period, it may be March before we get much more clarity on share price. Of course, by then things will have moved on for Blis and people will have to factor that in too. Things don't close down at Christmas overseas the way they do here. This company certainly still appears to be in the hunt, Blobbles. Remember they have not previously forecast coming profit, as discussed earlier this year.
80k on offer at 2.3 cents and 280k on offer at 2.7 cents.
Are the skittish almost done selling?
Hi Simla, just wondering where you found those references to the Japanese looking at giving Blis products to their pets.
The dental and oral health products offered by Blis would certainly be ideal products for pets, if safe. The pet market might even be larger than the human market.. Do they have products for pets already?
Well, this is for sale in Japan. It's more that I've seen it discussed in blogs, using existing things like Epoca. But yep, this is a product. Very hard to see if this idea is gaining market share, but the texts I've seen suggest at least some pet owners are very happy to do this. Potential you would think.http://premium-suiso.co.jp/SHOP/probio-dent-pet.html
Thought it was a mere idea as suggested in the report, but they actually have pet products with Blis probiotics in the market already, hope its not only in Japan that they are marketing this, I know my two dogs could use some of this.
$100k turnover on the market today after that news. There's a lot more interest in Blis now that they are seemingly nearing their objective. It was a lot lonelier being an investor during the long years of slogging up to this point, that's for sure. Here's hoping that "nearing" does indeed become "reached" before too much longer.