sharetrader
Page 387 of 396 FirstFirst ... 287337377383384385386387388389390391 ... LastLast
Results 5,791 to 5,805 of 5933

Thread: BLT (Blis)

  1. #5791
    Member
    Join Date
    May 2015
    Posts
    172

    Default

    Quote Originally Posted by simla View Post
    Something itched at me over that result, and I figured it out over the weekend. https://www.nzx.com/announcements/326966

    (a) H1 profit result = -500k.
    (b) Forecast FY profit result break even = 0m.
    (c) So forecast H2 profit result = +500k. (-500 + 500 = 0)

    (d) So forecast H2 profit result is an increase on H1 profit of $1m.

    (e) H1 revenue is 3m.
    (f) Forecast FY revenue = 7m
    (g) So forecast H2 revenue is 4m (3m + 4m = 7m) an increase on H1 revenue of $1m.

    => So the H2 forecast is for an extra $1m profit than H1 ... on an extra $1m revenue than H1?


    Well, all things are possible, but that would appear to require some significant change between H1 and H2. I've checked this carefully, but I'm only human and would be pleased if someone tells me where I've made a mistake?

    And if the FY result is instead another loss, as that maths might seem to imply is possible, will shareholders be happy? Well, we find out easily enough as presumably 2 out of the 3 not-new directors must offer themselves for re-election at the AGM, since the last annual report stated (p13) "One third of the Company’s Directors (rounded, if necessary, to the nearest number) are required to retire and may stand for re-election at every Annual Meeting, with those Directors to retire being those who have been in office longest since they were elected or deemed to be elected."

    Shareholders are happy if they vote 'yes' or abstain on the vote, and unhappy if they vote 'no'. That's why the system exists. Directors offering themselves for re-election is the main method shareholders retain control of a company surely.

    Well, I'm sure everyone is hoping that the full year result will be a good one anyway, and then obviously everyone is happy.

    Just my own ponderings as always. Disagreements welcome. Interesting that nobody much has posted here since the last result and nor has there been much trading in the market. Are shareholders happy?
    As long as we are going in the right direction and growing I'm happy to stay. I'm concerned about share price consolidations however. Is this something you see a concern with this company Simla?

  2. #5792
    Advanced Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    1,769

    Default

    I would have thought that that would cost the company money and time it has other uses for. It was more or less neutral for Wellington Drive (who did a 1 for 20 consolidation in 2011) as far as I can see, and who were arguably in a somewhat analogous spot to Blis (reduced 1.3b shares to 67m).

    I'm not sure that I would describe the table of financial results (a few posts back) as "growing" necessarily.
    Last edited by simla; 19-11-2018 at 04:34 PM.

  3. #5793
    Advanced Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    1,769

    Default

    Sorry, did you mean share consolidation or share price consolidation (price corridor presumably you mean)? Ironically, Wellington Drive did both! https://finance.yahoo.com/chart/WDT....JjaGFydCJ9fX19

    As to the share price, yes it seems mighty odd to me. Why is nobody either buying or selling much? I personally incline to think people are waiting to see if the board changes have an effect as the underlying financials do not strongly correlate to the share price as far as I read it. Which is why I ponder whether the next AGM might yet hold more interest if the financials do not improve. But who knows what is going on.

    Obviously this forum is a place for people to ponder their thoughts out loud?
    Last edited by simla; 19-11-2018 at 04:48 PM.

  4. #5794
    Member
    Join Date
    May 2015
    Posts
    172

    Default

    Quote Originally Posted by simla View Post
    Sorry, did you mean share consolidation or share price consolidation (price corridor presumably you mean)? Ironically, Wellington Drive did both! https://finance.yahoo.com/chart/WDT....JjaGFydCJ9fX19

    As to the share price, yes it seems mighty odd to me. Why is nobody either buying or selling much? I personally incline to think people are waiting to see if the board changes have an effect as the underlying financials do not strongly correlate to the share price as far as I read it. Which is why I ponder whether the next AGM might yet hold more interest if the financials do not improve. But who knows what is going on.

    Obviously this forum is a place for people to ponder their thoughts out loud?
    Thanks Simla! Insightful as always!

  5. #5795
    Senior Member
    Join Date
    Jan 2013
    Location
    Paradise
    Posts
    1,423

    Default

    Quote Originally Posted by simla View Post
    .............. As to the share price, yes it seems mighty odd to me. Why is nobody either buying or selling much?
    I think the sellers left the room long ago on this one. For every one else its seen as a "bottom draw" share (and good luck with that.)

  6. #5796
    Advanced Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    1,769

    Default

    I'm not so sure it's that simple, Left Field. Shareholders of Blis have a long history of being very passionate in their backing of this company and it's product. After all, there has just been a huge turnout to vote in Barry against the Board's explicit recommendation. Hardly passive.

    I think people are waiting, as I am, for this company to wake up to the specialness of this company and get a sense of urgency going again (just my personal view obviously). The only real path to the future for this company is through profit and yet each new result shows that other priorities got to the head of the queue instead.

    So I incline more to think people are not willing to let go but neither do they want to buy in any more.

    Me, I just wish the board would make some tough decisions and not just keep turning out the same cheerful status quo story all the time that somehow always leads to the same outcome. The Q2 loss was just the same as the Q1 loss, and yet we are assured that Q3 and Q4 will be quite different. There is just no sense of urgency that I am picking up, no sense of doubt about why profit never seems to eventuate, about why revenue doesn't grow any more.

    Hey, just my views as always. Disagreement welcome.

  7. #5797
    Member
    Join Date
    Dec 2004
    Location
    , , .
    Posts
    127

    Default

    Perhaps some of the costs for this half have been producing product that will sell in the Northern Hemisphere winter. Last year expenses in the second half were lower than the first, despite $1.2 million in extra sales in the second half. If Belgium, The Netherlands or Poland can get traction breakeven seems possible. Canada appears to still be disappointing, despite medical claims being able to be made. Amazon feedback is very thin at this stage. Positive feedback would not go astray.

  8. #5798
    Advanced Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    1,769

    Default

    Quote Originally Posted by Arthur View Post
    Perhaps some of the costs for this half have been producing product that will sell in the Northern Hemisphere winter.
    Perhaps. But inventory is listed as 368k now, 343k in March, and 281k a year ago. Not large variations.

  9. #5799
    Member
    Join Date
    Dec 2004
    Location
    , , .
    Posts
    127

    Default

    Inventory will be in the books at cost, margins are good if they can sell the stuff.

  10. #5800
    Advanced Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    1,769

    Default

    Well, time to wish everyone a Merry Christmas again.

    It was a big year for Blis from my point of view. Two things happened. Half the board are now changed. And the dog didn't bark in the night. Will this lead to an interesting 2019 maybe?

    Half the board changed, which means that that half the board are not just assuming the current course is a good idea.

    And the dog didn't bark in the night (Sherlock Homes). Once again the financials did not show anything encouraging, to my mind anyway. So the other half of the board might just be starting to ask if the current course is a good idea too, after 3 years of unpromising financials on whatever the current strategy is, which I still cannot personally put my finger on - it is evident by looking at the change in financial result, but I cannot really make it out otherwise myself.

    So just maybe the whole board must be starting to say time for change. Well if so, then I'd be looking for 3 things. Most importantly would be a public acknowledgement that it is time for change - nothing ever happens until you nail your flag to the mast. Then they need to think of that change. And then even harder would be to make that happen and turn out profits.

    Well, will 2018 be remembered as the year that the dog didn't bark in the night, and that things really started looking up afterwards? Let's see.

    Happy New Year one and all.

  11. #5801
    Guru
    Join Date
    Apr 2008
    Location
    Sth Island. New Zealand.
    Posts
    4,462

    Default

    Quote Originally Posted by simla View Post
    Well, time to wish everyone a Merry Christmas again.

    It was a big year for Blis from my point of view. Two things happened. Half the board are now changed. And the dog didn't bark in the night. Will this lead to an interesting 2019 maybe?

    Half the board changed, which means that that half the board are not just assuming the current course is a good idea.
    It doesn't mean that at all, although it could be the case. However, Merry Christmas to you too.

    Merry Christmas to you too.

  12. #5802
    Advanced Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    1,769

    Default

    Quite right, FP. I have always enjoyed your input on this group, so thank you for all that.

    And 2019 looking good for the Mainland too, where I recall you saying you live.

    Dunedin waterfront development. https://www.radionz.co.nz/news/natio...ired-by-nature
    And some lovely photos of Dunedin, including NZ's first skyscraper 1910, 7 stories. https://www.skyscrapercity.com/showthread.php?t=2134962
    Queenstown all go. Personally I think Greater Queenstown will be bigger than Christchurch eventually, though that won't be the Queenstown any of us recognise. https://www.skyscrapercity.com/showt...233345&page=13
    Christchurch still on the up. https://www.stuff.co.nz/business/106...e-christchurch

    And then Dunedin's own BLT about to find it's feet maybe? Well, I hope so anyway.


  13. #5803
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    23,718

    Default

    Blis going well ...and jeez the next quarter is gunna be HUGE

    Revamped Board gave Brian a bit of a hurry up?

    http://nzx-prod-s7fsd7f98s.s3-websit...036/294310.pdf
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  14. #5804
    Senior Member
    Join Date
    Apr 2002
    Location
    New Zealand.
    Posts
    1,148

    Default

    [QUOTE=winner69;745818]Blis going well ...and jeez the next quarter is gunna be HUGE

    Revamped Board gave Brian a bit of a hurry up?



    cheers winner!.........finally some positive numbers. Maybe the tide is turning and not before time. Projections being met are the first sign.....go you good thing.....well wakey wakey anyway.
    Have a Gr8day.

  15. #5805
    Advanced Member
    Join Date
    Jul 2007
    Location
    , , .
    Posts
    1,769

    Default

    Quote Originally Posted by simla View Post
    => So the H2 forecast is for an extra $1m profit than H1 ... on an extra $1m revenue than H1?

    Well, all things are possible
    Well, apparently all things ARE possible. I can only see that is possible if they got quite a lot of extra forward orders, or cut costs strongly, except that they not hinting at either?

    "Based on known and expected orders for the final quarter including the first supply for an expanded Australia launch and ongoing supply in line with the northern hemisphere winter, we reaffirm our existing market guidance.

    Full financial year (FY19) Guidance - Revenue in excess of $7.0m, an EBITDA in excess of $0.6m and a small net surplus before tax."

    I look forward to seeing an explanation of how that was pulled off in May. Or I would like to hear it anyway, even if they do not give it, as it would help shareholders understand what is going on. And assuming it does happen.

    But if so, then indeed hope springs eternal.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •