Today's announcement of good turnover and profit increases was welcome.
However what I loved was "Pharma Zen has commenced a range of initiatives to take the company to the next level." Exciting days ahead?
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Today's announcement of good turnover and profit increases was welcome.
However what I loved was "Pharma Zen has commenced a range of initiatives to take the company to the next level." Exciting days ahead?
What I should have mentioned is that these initiatives are being funded by the company's strong balance sheet and excellent cashflow,WITHOUT having to come to shareholders for further funds.I take this as very positive,means management are looking to make profits to fund growth.Most small company's think the only way they can grow is to fund growth with more money from shareholders.This dilutes your shares,and takes management's mind off making real profits.So well done PAZ.
Hi Percy
I'm taking advice and getting a bit more bold re posting. Have just spent some time looking at the Unlisted site, and doing some reading on the Pharma Zen site.
Quick question, as I gave up dealing with other than ASB Securities a few years ago, what is a broker likely to charge to trade on Unlisted? I note the $7.50 each way fee, but wonder if a broker will tack plenty more on to that?
All part of my learning curve! Thanks.
Karen1,
I brought 80,000 at 3.5cents on Thursday,but have not seen the contract note yet.As soon as I do I will let you know.
A word of warning.The unlisted companies are thinnly traded.Brokers do not follow them.You are on your own.Uncharted teritory.More risk,but possibly more rewards.
Good morning Percy and thank you.
As I mentioned, on a learning curve. Helping a friend a few days ago to set up his online portfolio, also unlisted King Country Energy came up. This was one I got interested in a few years ago but forgot about, but had it listed I may well have got into it.
And thanks for the warning, well heeded. Which is why I'm one of the last big spenders as I learn - I'm reluctant to spend too much, but already wish I had with one of the Aus. shells I recently got into!
I'm beginning to recognise my investing style, and seeing part of that being to take small bites at something I'm keen on, and finding I learn quite a lot more in the experience.
So in my cautiousness I am more likely to take a bite of around a quarter that of yours! Which makes me wonder if I should bother, but again, it's a good teaching tool without the prospect of perhaps losing too much.
I hope the sun is shining for you down there, and that you enjoy the rest of the weekend.
Yes nice weather,very pleasant weekend.Nothing much to do yesterday,but had to engage brain trying to keep,or get up to speed with PGC thread.I brought 20,000 PAZ on 15/4/2009 at 2.5cents,total cost of $567.50.Was interested in the company,but was un sure whether they would run out of money or not.I rang the CEO last year before the AGM asking him to post his speach at the AGM so I could read it on line.What he did do was to post a link to Otago Daily Times who covered the meeting.Nice guy,easy to speak to and was happy to talk to me about the company.Depends on dates,but I would like to go to the AGM next year.The latest result was a lot better than I expected,so that is why I increased my holding.Glad you did not take offence with my warnings.
Never have got into PGC - my friend the other day is well immersed in this, but when he starts to talk about it my eyes glaze over. I need very much to stick to things I understand somewhat. Maybe a light bulb will flash one day, and I'll look at PGC.
I feel much better knowing you bought into PAZ in a smaller way initially, makes me think I am on the right track.
And I like the way you pick up the phone to talk to CEO's.
You have no idea what a confidence boost you, and another who has been kind enough to put a hand out to me, are giving me.
Karen1,I have received so much help and advice from sharetrader members it is a pleasure to try and help some one else.Stay well clear of PGC at present.My eyes are really starting to glaze over too.Very difficult.
Not many people ring companies.Ring and ask for a copy of the latest annual report,read it,and then if you are unsure of something,ring the MD,CEO,or CFO.No one asks them.You can say you are looking to buy shares in their company but do not understand....whatever? Write down you questions before you ring as often they really want to talk about their company.No use hanging up the phone and thinking I should have asked about ......?
Percy, again my thanks! Great advice, and maybe one day I'll get as bold as you.
In the meantime, someone has recently suggested being on here is one way of avoiding cleaning cupboards out - in my case, going to the supermarket! I fear I have put it off long enough, my cats need to eat tonight!
But I will definitely be back here. I was about to ask a question about a company on Unlisted, but have just had another look at their site and found what I wanted to know, - we learn something new every day!
Karen1.Received contract note. 80,000 PAZ at 3.5cents $2800.Brokerage $60. Trade charge $7.50. Total $2,867.50.
The latest quotes for PAZ ; buyer wants 10,000,000 at 3cents while seller has 420,000 for sale at 3.5cents.
www.unlisted.co.nz
Thanks Percy, as I expected, the sharebroker has a good sized bite too. Still, I am keen more so on King Country Energy, and may well look further into this during the week. And I might even test the waters with PAZ.
It will be interesting to see what brokerage fee I will be quoted - I suspect from one I have used in the past it will be more than you were charged, so I might be phoning around.
I have dealt with Craigs for a good number of years.I am happy using a full brokerage firm,but realise I have to pay for it.Going from what other posters have posted ASB and Direct Brokering do offer excellent service.I like the way DB answer queries on this site.I look forward to ready a bit on King Country Energy.
Where have the sellers gone? 50,000 traded 28/4/11 at 3.5cents and 420,000 at same price today.no sellers.buyers for 10,950,000 shares.No sellers.Interesting.
Interesting reading.www.unlisted.co.nz then go to PAZ, go to news and announcements, 20/6/2011 CEO address Friday 27th May.
Welcome to the new bidder for 400,000 PAZ shares at 3.6 cents.That takes the number to over 12mil shares on the bid side. 12,000,000.
Pity there are no shares for sale.!!!!!!!!
I've had some dealings with this company and liked the way it was operating
The trouble is the high exchange rate affecting them though.
peat.exchange rates,earthquakes.Nothing stopping them.Increased profit,expansion from profits,without coming back to shareholders for cash..Pleased you liked the way they operate.I do too.!!!!!!
"the company is no longer dependent on the dollar to be profitable,rather it is the level of profitability that is impacted."from annual report.
Well,you just never know what is going to happen on the sharemarket.On a day where markets are in trouble PAZ hits a year high at 4cents with 260,000 shares being traded.Back to none being for sale ,again.
did you get some Percy?
volatility coupled with lack of liquidity can provide a risk premium for non insto players
50,000 shares gone through at .036 cents today.1st buyer is now at .04 for 1,000,000 shares,but again no sellers.
As Peat warned ;"We have had a record six months in sales which were up almost 25% on last year,but most of the benefit has been eroded by the high NZD."
Seller at 4.5 cents.30,000 shares.
25,000 sold at 4cents last week. 30,000 sold at 4.5cents today.buyer at 4.1,seller at 5cents.
Well you can sense the excitement building.!!!! Buyer at 4.2 cents wants 1mil,while the seller of 154,505 is holding out for 5 cents.
And a big welcome to the bidder at 5.5cents.who wants 154,505 shares.Note there is a seller at 6.5cents for about the right amount;
And so it came to pass that buyer and seller were of one accord.154,505 traded at 6cents today.
A very good result out considering high NZ dollar and ChCh earthquakes.Very positive outlook.
The web site www.waitakibio.com gives a very good understanding of what the company is about.NZ leading manufacturer of natural nutritional supplement ingredients.
From the annual report ;
Alongside the ongoing investment in plant and equipment the company has been accelerating its investment in research and development projects.Clinical trials commenced in 2011 around the bone health product range are set to be completed and released in the second half of 2012.Interim results to date have been very positive and we are confident that this significant body of work will be of great value to the company's future growth."
Great stuff.
Thanks for that link Percy, an interesting company.
You might like to read today's news: http://www.stuff.co.nz/business/rebu...t-foot-forward
However, it still faced a raft of quake issues, including a quake damage excess
of $500,000
not an actual cost of course
Since the earthquakes PharmaZen was spending hundreds of thousands of dollars on
backup systems,
this is tho (a cost)
One interesting back up system is the installation of a standby co-generation capacity which will enable the plant to run without grid supply.The unit is being designed and built to run off biodiesel that the company will be producing onsite from waste fat streams and will be operated during control period demands where penal rates of up to $187/KWH apply.
This investment is significant at $250K installed and while the primary purpose was risk mitigation,the project has been engineered in such a manner as to achieve a pay back in less than three years.
The earthquake excess may be a concern to investors,but as a ChCh resident it is a frightening prospect,because if they ever have to claim it, I would think that it would be the end of ChCh.
Doing business in ChCh is now more expensive,buildings have to have better foundations,and more businesses nead back up systems.I suppose insurance is a lot more expensive for everyone in NZ,not just ChCh.
What is pleasing is so many businesses want to stay in ChCh.
PAZ staff did a fantastic job overcoming work and home issues to keep the business up and running.I think they were out of business for only 7 or 10 days,and no customer orders were lost.
Drove past PAZ yesterday.Foundations finished,floor laid and already some steel work up.So progress is being made on the new factory.
PharmaZen builds for the future on back of record surplus
https://www.unlisted.co.nz/Members/u...cement_id=2189
A very good result to 31/12/12.
Strong cash flow is being used to fund building expansion.
Research Projects; "collectively these projects look set to provide significant growth."
The annual report is refreshingly simple.Very sound small company with a strong balance sheet,achieving positive growth without calling on shareholders for more funds.The next couple of years should be fun.
A new issuer profile has been posted for PharmaZen:
http://www.unlisted.co.nz/uPublic/do...%20Profile.pdf
Annual report here:
http://www.unlisted.co.nz/uPublic/un...cement_id=2238
Half year announcement:
http://www.unlisted.co.nz/uPublic/un...cement_id=2267
After reading the half year announcement I feel the company has moved forward from "well positioned" to "poised".This is exciting.!
Well done.Cann't wait to see what the next 6 months bring.!!!
Results announcement for the full year.
Well done PAZ.
This quiet achiever just continues to come up with the goods.
Surplus up 38% to $739,114.
With more equipment in the new factory the outlook is looking very positive.Loved the comment;"opens up SIGNIFICANT OPPORTUNITIES."
Poised!!!
PharmaZen 2013 annual report has been posted.
looks good
taken on a bit of debt
good earnings growth but from restraining costs
PE about 18
From the annual report;" the second half looks to be an exciting one as the plant comes on line."
"new spray dryer which opens up SIGNIFICANT new product opportunities,"
PSI [percy significant index] With the use of the word significant twice in the "Outlook" PAZ rates as a strong buy.
2013 Issuer Profile posted for PharmaZen.
If you follow the thread you will note I have slowly been adding to my holding as the company continues to grow.
I think the next 6 months to a year will be very important.I am very confident the next announcement will confirm they are "starting to really motor".The growth has been funded from retained profits and debt,and no call has been made for more funds from shareholders.
I am hopeful the company will move to the main board within a couple of years.The new factory is already too small and they have applied for consent resource to add to it [or build another factory].Other than Otago Daily Times ODT no newspapers cover the company.Their web page is excellent.www.waitakibio.com
Very illiquid.
Was that you Black Knat who brought the 750,000 PAZ shares today at 6.5cents?
Well the interim is disappointing,and the year ended this December will be to,we can expect next year to see good results.
"Disruptions caused by the current expansion work,"
"All new equipment is onsite."
"We expect to be fully operative pre-Christmas."
It may be disappointing but I do note that turnover was up on last year and looking forward 5.5 cents might be a good buying opportunity? Might have to have another look. Had a look a while back but did not think a PE of 18 was warranted as their growth was rather slow (both revenue and profit). But I think that was at 7 cps. Back at 5.5 we are talking a different story and if they can organically grow (faster) then it is maybe worth a little punt.
It may be disappointing but I do note that turnover was up on last year and looking forward 5.5 cents might be a good buying opportunity? Might have to have another look. Had a look a while back but did not think a PE of 18 was warranted as their growth was rather slow (both revenue and profit). But I think that was at 7 cps. Back at 5.5 we are talking a different story and if they can organically grow (faster) then it is maybe worth a little punt.
Delays with "compliance issues" getting new equipment up and running has affected both turnover and profitability.
More new equipment still to be brought into production.
The delays mean we have hope the next year sees both revenue and profit increasing, as costs of production will decrease as production and revenues increase.
Well he was good enough to represent Otago at cricket
http://www.espncricinfo.com/newzeala...yer/36853.html
I do rather prefer directors of companies I invest in to have commercial acumen,rather than sporting skills.
PS.The company quality assurance manager[Harold] received my phone call ,as the CEO and company secretary were not on the premises.Told him he was just the man to put quality assurance news releases right.I did ask whether Peter was just out of jail ,or just off the street, and they did not want to release his record.!!
Ex Otago cricket player is a bit more positive.
Falling dollar and Capex investments boost PharmaZen half-year result.
At last there is light at the end of what has been a very long dark tunnel.
Earthquakes,'Compliance issues',high NZ$ have worked really hard against PAZ over the past four years.
New factory,new equipment,new avenues of income,looks as though the $5mil spent was well thought out.
Modest profit is great when one compares PAZ with SEA.
All of this expansion has been paid for from retained earnings and bank debt,without PAZ having to come back to shareholders for more capital.Shows great discipline.
I am pleased I recently added to our holding.
Am "well positioned."
An interesting article in the age today
http://www.theage.com.au/business/vi...29-gjxqrv.html
PAZ could well be extremely well placed with its upgrades to plant finished or all but, returning a profit and benefiting from a fallen dollar.
Annual report out
http://www.unlisted.co.nz/uPublic/un...cement_id=2721
The benefits of the upgrades are showing very nicely.
PharmaZen Limited is reporting a surplus before tax of $896,635on turnover of $7,083,991. This compares with a before tax surplus of $28,553 on turnover of $6,709,270 for the prior year.
Positive cashflow.Balance sheet remains in good shape.
Still using retained earnings and debt to grow the business,yet total equity of $7,945,937 easily supports total assets of $13,875,944.
"Expanding post drying operations.1100sqm factory has been leased on an adjoining site."
Hopefully the extraction plant commissioning will be in 3rd quarter of 2016.It will provide significant growth opportunities,particularly in the marine and botanical sectors.
Well someone else really liked the result.
145,000 traded yesterday at 5 cents.
800,000 traded this morning at 5.5 cents.
And this afternoon 500,000 traded at 6 cents.
Just when I thought the result was being ignored.??!!!!.lol.
Yes I think people are waking up to the fact that PAZ has done its groundwork and is a very well run company with products in demand worldwide.
http://www.sharetrader.co.nz/image/p...AASUVORK5CYII=
Any one here been buying PAZ.?
I note there have been some big volumes going through lately.
I have added to our holdings this year.
But wait there's more!!!!!!!!!!!!!!!!!!
Yesterday morning the buyer for 500,000 at 7 cents got his order filled.
2 minutes later they were back for another 500,000 at 7 cents.No joy.
And today we welcome a new bidder wanting 500,000 at 7.5 cents?
Let the fun start,as I am "well positioned."
Mark Stewart.???..lol.
May we extend a warm welcome to the buyer who wants 300,000 PAZ at 9 cents.
Pleasing to see an astute investor managed to buy 150,000 PAZ this morning at 9 cents.
wow checked this out the other day and it was 7.
tell me percy, what is it they do again? grind up cow bones and shark cartilage and turn it into supplements. or something?
Yes,but they can do vacum drying,freeze drying and now they have added solvent extraction to their traditional portfolio of dried meat and marine products.
Solvent extraction can be used for marine [fish oil] and botanical extracts.Botanical includes any fruit such as blackcurrants or any vegetable ie carrot juice.
For their latest update go to www,unlisted.co.nz and to find out more about their products go to www.waitakibio.com.
For more fun google Mark Stewart Masthead,go to "Dog tucker raw material for export Gold.:
Further fun is provided by going to www.ziwipeak.com and noting that PAZ can produce all, or nearly all, of their ingrediants.
And the excitement in this sector is provided by Comvita and Mark Stewart being very substantial shareholders in SEA.
So PAZ have developed to being a great deal more than just grinding up cow [and sheep] bones and shark cartilage.
This expansion has been funded without calling on more capital from shareholders,using retained earnings and bank funding,yet the balance sheet is in good shape.
The factory expansions with new equipment has unfortunately taken a lot longer than expected.The delays have been caused by the ChCh earthquake,and ongoing compliance issues with the ChCh City Council.In truth the business only survived the earthquakes by having strong leadership,and very loyal staff.Businesses in ChCh having council compiance issues is well known,but because PAZ business fell out of every category their issues have taken a lot longer to sort out..
A million @ $0.08 were bought today.
Would have bought some more earlier but now that ASB Securities have cancelled out of Unlisted, its so awkward to buy and sell.
Perhaps PAZ will move to the NZX - now that would hurry along the share price big time.
The company certainly knows what its doing.
Welcome aboard.
Big volumes traded of late.
Just be aware that should you need to sell, your broker needs a signed transfer form,before they can sell.
In my case, my broker is Craig's,so they need to send the signed transfer to their Tauranga head office.
You can't just ring and sell.
The news I am awaiting is on the extraction plant.Should have started last month and be now producing product.
Yeah - talked to Craigs - they need a full blown account to be opened and will charge $87 bucks for a sell/buy if I heard the guy right.
Might just sit on the ones I have till they reach a a dollar a share.
No it was not me who brought the 500,000 PAZ at 9 cents this morning.!
None for sale after the buyer brought 538,585 at 8.5 cents this morning.
Interesting?
PAZ's sp hitting 10 cents today, was the cause of much merriment and jubilation in the Percy household today,as we are very "well postioned.".
Confession.
I did not post between 19-01-2017 and 12-09-2017 as I was steadily buying.
Being such and illiquid stock, it has taken me years to reach the number I wanted.
When I reached that number, I decided to double my holding.!!
This has now been achieved, and the number the wife and I hold, means we are either "buggered" ,or "well positioned."
With my history of being "well positioned", I am sure this is the case with PAZ..
\
Surely the half year report should be out soon? Looks a bit overdue to me.
Nice to see some change hands at 10 cents - hopefully in anticipation of a good report.
I drove past PAZ this morning.
The big factory extension is finally finished.
Maybe they have been busy working on getting production organised.
New factory now means separate factories for wet and dry processing.
This will lead to greater efficiencies.
Getting there,but has taken time, and I don't see them reaching anywhere like full speed ,until next year.
I have just rang PAZ's company secretary asking when we may expect PAZ's interim result.
She said she had posted it to Unlisted Market,so expect them to post it today, or tomorrow.
A poor result caused by delays.The $176,000 loss will take a bit of catching up,as production has not stayed ahead of increasing costs.
So a lot depends now on how quickly they can get the new freeze drier up and producing.
As per a previous post,I think we will have to wait until the new year before things ramp up.
Disappointed..Yes.
Unhappy........No.
Retain strong conviction.Yes.
Agreed
Dealing with any money grabbing, project stalling council is never easy and always costly.
Delays and further capital expenditure, mainly on the huge increase in freeze dryer capacity, has meant PAZ has had to call on shareholders for capital.
Being an unlisted company, means the capital raise is a bit complicated,ie I had to get my Craigs broker to sign a form.
Although it does not close until the 8th December I have posted my entitlement papers tonight.I did this, so if I have not filled in anything correctly,I will have time to fix before the issue closes.Not only have I applied for our full entitlements,but have applied for a few extra to round up our numbers.
With their year ending 31/12/2017,and only just commissioning the huge new freeze dryer, the full year result will be poor.
However I am sure the next half year to 30 th June 2018, will start to show the results of the capital expenditure.
Poor old Paz, nothing seems to be going right for them. They have a rights issue, making it as difficult as possible to fill in the simple forms (well it would be simple if they were on the main board). Then the share price drops to below the rights price.
Think I'll just give it away for now.