BLT - Blis Technologies

**Sideshow Bob** · 11-01-2020, 11:57 AM

Originally Posted by couta1

Looked at it this morning at 6.5c and thought yeah nah ,6c for sure as long as the numbers stack up ,otherwise oh dear.

Just had a brief read through the last couple of key announcements, and there was an element of Deja Vu - repeating how much their revenue had increased 74% (later mentioning their "trading" revenue up 77%). Some of it a rehash of progress already announced.

What I actually liked is when compared HY19 and HY18 - sales up by $2.3m, obviously a big push on marketing ($0.65m vs $0.25m), only small increase in wages (up $0.2m) and operating costs actually down by $0.15m. Don't know how sustainable operating costs are? However raw material was only $0.55m up, so raw material cost was about 24% of sales revenue.

However it does seem to getting to a stage of decent critical mass, and potential to pump out some margins with sales growth. Investment in marketing, but if they can keep staff and operating costs under control, then any growth should start to really fall to the bottom line.

Not sure where the PE of 43 comes from on the NZX website - by my reckoning at $0.07 PE is 51, based on $759k net for the last 6 months.

They seem to be bullish in the announcements, and if can keep up the sales trajectory, then potential further upside. Fail to meet this or underperform and think will be punished. I've always like the A2 approach - underpromise/overperform.

I've always thought BLT still need to do a share consolidation at some stage......

**Beagle** · 11-01-2020, 04:27 PM

Originally Posted by couta1

Looked at it this morning at 6.5c and thought yeah nah ,6c for sure as long as the numbers stack up ,otherwise oh dear.

The old gut-o-meter eh mate

**kiwidollabill** · 13-01-2020, 08:38 AM

I see BLIS are now a sponser (and on the jersey) of the Otago Highlanders.

Leave it to the SH to decide if this is $ well spent for where the company is at....

**percy** · 13-01-2020, 08:43 AM

As a true Canterbury/Crusaders supporter,I think Blis have made an excellent choice,as The Highlanders are a highly respected team, who always play good honest rugby.

**pierre** · 13-01-2020, 10:03 AM

Originally Posted by kiwidollabill

I see BLIS are now a sponser (and on the jersey) of the Otago Highlanders.

Leave it to the SH to decide if this is $ well spent for where the company is at....

Well it seems to be working for the SP at least. Maybe [that other Dunedin-based company] should try the same approach!

**Dlownz** · 20-01-2020, 08:46 AM

Wonder if we are going to see a performance update this week which may explain the post Christmas rush on the share price.

**TobyPascoe92** · 21-01-2020, 01:53 PM

Was having a chat with sharebroker yesterday and when we moved to the health sector, without prompting from me the first thing he mentioned was Blis and buy, buy, buy. Had a bit of explanation but in a nutshell thought that 2020 was moving year for them and they were seeing/hearing key indicators being positive. Now in my portfolio. Here’s hoping.