Im on the Barrier forest so with the expense of going down to Dunedin from here been substantial i would be better of buying another 10,000 blt shares.Have a good trip thu and im hoping you will give us a report on how it goes.
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I think they mean they are selling as they were pre covid.I think the delayed shipping during lockdown is more relevant and i may have to reevaluate my revenue numbers for Q1,particularly if its affected ingredient sales.They havnt given alot of information on ingredient sales but as ive said,its worth looking at some of the companies using them eg Bionaze,Probiotic Advantage,Replenish and Natures Trove just to name a few.
Nev,
Any idea of the period during which stock was not available? The answer would be very informative as Amazons difficulty with supply will, presumably, be shared by others. Have BLT had a drop in ingredient sales volumes due to delivery problem. As u have posted most of profit is not from finished product sales.
I've been in BLT for years and its been nice to see the little run - I'm not expecting big things for a while though, of course I do remain hopeful
I'd warn against searching for B12 on Amazon - most of those listed are just Vitamin B12
We know sales were going well with two revenue upgrades in March so we can assume some delays April and possibly May
Research suggests only temporary and all products containing Blis Probiotics selling well on Amazon(if you check out products with a 4 star or better rating,blis ingredients in many of them).I can remember researching ATM in the early days and having to look more at trends and general attitudes toward the sector rather than looking at the companies specifically. Probiotics enjoying a big gain in interest since covid 19 on top of BLT already making good headway both locally and internationally. Patience is key here Pat and can really test ones metal.Im at a average buy price of 7.9 and have way to many but love backing a kiwi story.Good luck
I remembered reading something in the fy report on this so i had a quick look and found this......page 61
22. EVENTS AFTER BALANCE DATE
The outbreak of COVID-19 and the subsequent quarantine
measures imposed by the New Zealand and other governments
as well as the travel and trade restrictions imposed by New
Zealand and other countries in early 2020 have caused
disruption to businesses and economic activity.
The Group’s manufacturing and elements of its scientific
services are considered an essential service and the Group
was able to continue its manufacturing activities and supply
products to New Zealand and international customers
throughout the Level 4 and Level 3 lockdown periods. The
lockdown period began on 26 March 2020 and ran through until
13 May 2020. While research and development activities were
initially paused for the Level 4 lockdown, these were able to
resume from Level 3.
In light of the continuation of the Group’s manufacturing
activities after the reporting date, the Group has been able to
continue to operate largely business as usual and fulfill orders in
line with budget in April and May 2020.