BLT - Blis Technologies

**winner69** · 17-10-2019, 03:05 AM

Originally Posted by Chippie

Q1 revenue was 2.8M and EBITDA .5M
Half year revenue 5.4M and EBITDA 1.0M, net profit 0.8M

So really steady numbers espeacally against deficits of 0.5M and 0.2M for comparative period last year.

Have to assume BLT will smash last years FY result. The only question is by how much? This is looking really promising.

Is smash the same as about the same?

They said in their guidance ‘EBITDA similar to FY19’

**pierre** · 17-10-2019, 03:32 AM

Originally Posted by winner69

Is smash the same as about the same?

They said in their guidance ‘EBITDA similar to FY19’

They didn't say this, but I'm picking their new mantra is "under promise and over deliver."
If that proves to be the case, then even after paying the salaries for the two new execs, we should anticipate a second half result that substantially exceeds the the pcp.
I think BLT has finally turned the corner and we may not see the SP roller coaster ride this time - not to the same extent anyway.

**winner69** · 17-10-2019, 04:49 AM

Originally Posted by pierre

They didn't say this, but I'm picking their new mantra is "under promise and over deliver."
If that proves to be the case, then even after paying the salaries for the two new execs, we should anticipate a second half result that substantially exceeds the the pcp.
I think BLT has finally turned the corner and we may not see the SP roller coaster ride this time - not to the same extent anyway.

You’d hope they are under promising because selling heaps more for NO extra profit is not good look. They did say similar ebitda

Latest quidane - “We have previously stated that for the 12 months to 31 March 2020 the Board is expecting sustained profitable growth and an EBITDA similar to FY19. We reaffirm this guidance on the basis of continued strong revenue growth from the ongoing investment in market expansion and pipeline development”.

**Sideshow Bob** · 17-10-2019, 08:15 AM

I would have thought their margins/EBITDA would ramp up pretty substantially with greater sales and more volumes?? ie pretty cheap to produce a few tablets, turn the machine on for a bit longer......

**winner69** · 17-10-2019, 08:22 AM

Originally Posted by Sideshow Bob

I would have thought their margins/EBITDA would ramp up pretty substantially with greater sales and more volumes?? ie pretty cheap to produce a few tablets, turn the machine on for a bit longer......

The story will be ‘investing for even more growth’ ...like the extra Commercial Director and Science Manager and no doubt heaps more advertising.

A bit like A2 (who some compare Blis to) but A2 profits keep increasing with heaps more investment for growth.

**Sideshow Bob** · 17-10-2019, 08:26 AM

Originally Posted by winner69

The story will be ‘investing for even more growth’ ...like the extra Commercial Director and Science Manager and no doubt heaps more advertising.

A bit like A2 (who some compare Blis to) but A2 profits keep increasing with heaps more investment for growth.

They've been at it since 2001, even longer than PEB, and probably run things on a shoestring. Finally could be getting a little critical mass.

**winner69** · 17-10-2019, 08:28 AM

Originally Posted by Sideshow Bob

They've been at it since 2001, even longer than PEB, and probably run things on a shoestring. Finally could be getting a little critical mass.

Hope so

Like Snowie wouldn’t mind ‘owning’ a bit of Blis but besides liquidity can’t find any compelling reason to buy into a company with a $50m market cap with stuff all (if any) free cash flow.

**mfd** · 17-10-2019, 12:17 PM

Originally Posted by winner69

A bit like A2 (who some compare Blis to) but A2 profits keep increasing with heaps more investment for growth.

That's only been true of A2 for the last few years, before that they were quietly plugging away building the market and reinvesting every penny. It was only after the IF really went crazy that they started spewing cash. During the earlier phase the share price was around 40-60c. I doubt Blis will replicate their success, but even a vague imitation could be quite profitable.