BLT - Blis Technologies

[simla]

Anyone got Blis in the Stock Picking Contest?

If this tech crash carries through for the year, Blis may yet be an important pick if it does manage to make profit later in the year, which some of the top price performers don't seem that likely to manage any time soon. WYN is still way ahead though, as it's price didn't take off until after the new year.

[Grimy]

I have. Down 20% at present, but early days.

[Nigel]

Depth looking very scary. Probably suffering from the overall negative market sentiment at the moment. Needing a positive update methinks.

[Bilbo]

Depth looking very scary. Probably suffering from the overall negative market sentiment at the moment. Needing a positive update methinks.

Calling it "depth" is a misnomer. Should be called shallowness

I bought in late last year thinking BLT had really turned the corner. I was inspired a little bit by this article by Lance Wiggs - http://lancewiggs.com/2013/05/24/inv...-the-dot-syft/ - in relation to another perennial struggler, Syft. I'm currently down 27% on BLT with little room to exit judging by the lack of buyers. Guess its one for the bottom drawer for now.

[simla]

Morning, Moosie. You and Nigel are both right that facts are what will settle this in the end. Either the company is on the verge of success or it drags on again.

The point of difference with BLT, too, is that there are solid shareholders behind it, with not a lot of speculation behind it - as shown by the price. But those same shareholders, like me, have put in a fair bit over the years, relative to our positions, and so aren't that excited about nibbling around the edges when the price moves.

Because it is just around the edges. Only about 0.1% of BLT has changed hands since this tech crash thing started. There aren't many buyers, not many sellers. The price is therefore at the mercy of today's buyers and sellers, but nobody is going to score big on that.

BLT is presently stuck in a band where the facts of the next year will set the price in a year's time, and there doesn't seem much to be done in the meantime except watch. The broader share market is fascinating, however.

[simla]

Hey, some BLT shares actually changed hands today. First time in about a fortnight.

"... the Company expected to move into operating profit during the second half of the [2015 financial] year." That half year starts in just 20 weeks from now. Do they still expect this? Well, I suppose we'll hear before the end of this month. https://nzx.com/companies/BLT/announcements/248160

Seldom can there have been so little interest in a company forecasting profit. I've bought some BLT since then, but seems like few others have. Did BLT win or lose from the Chinese dairy announcements last week? Or were they unaffected at all?

Roll on some news. Preferably good.

[simla]

Here's a little meat to chew on, anyway. Are BLT waiting for Chinese approval?

The Australians posted this, thus providing more information than virtually anyone else seems willing to publish on the topic. "milk products for export to China " - "Milk products are defined in these administrative measures as ‘foods that use milk as main ingredient, such as: pasteurized milk, sterilized milk, modified milk, fermented milk, cheese and processed cheese, cream, butter, anhydrous cream, condensed milk, milk powder, whey powder, whey protein powder and milk-based infant formula foods’. http://www.daff.gov.au/biosecurity/e...14/maa_2014-06

But it also says, "It is anticipated that exports of dairy products (other than milk-based infant formula foods) from registered establishments will continue without any impact on trade." Infant formula "involves greater scrutiny by Chinese authorities over production activities, linkages between brand owners and manufacturers, labelling and through chain traceability from manufacturers to consumers in China".

The BLT September half-year report said, "nutritional formulations containing BLIS K12 TM such as beverages, yoghurt powders and other formulations. ... Upon receipt of export accreditation these products will be marketed in Australasia, Asia and parts of Europe." Yoghurt seems to be in the above list (fermented milk?).

So, it seems likely they are indeed waiting for registration. But do they need it for their supplier manufacturer, or for their own plant, or both? The hurdle doesn't look like it will be too high to jump, not being formula, but timing is anyone's guess. And I suppose their supplier manufacturer may be involved in making formula.

[simla]

Anybody fluent in spoken Chinese? This 3 minute youtube clip is discussing K12, on what looks like maybe a Taiwanese shopping channel, but is maybe the breakfast show. Does it show any growing acceptance of K12, or otherwise? http://www.youtube.com/watch?v=aN5Rm2XuNn0

[simla]

$20m more in the budget over 4 years for rheumatic fever. I wonder if BLT will see any of that?

[simla]

Honeyblis is now widely available in NZ, ready for winter. eg. http://honeyblis.co.nz/auckland-far-north

Maximum of 2 weeks to the annual report now. Even if the company is still expecting operating profit soon, will they have any new data to support it? Good times around the corner, or more of the same?