sharetrader
Page 5 of 763 FirstFirst 1234567891555105505 ... LastLast
Results 41 to 50 of 7628
  1. #41
    Member
    Join Date
    Aug 2002
    Location
    pukekohe, , New Zealand.
    Posts
    97

    Default

    maybe DSM is in discussion to buy into BLT and therefore negate the issue of a share placement to the shareholders?

  2. #42
    Member
    Join Date
    Mar 2006
    Location
    Waimamaku, Northland NZ
    Posts
    114

    Smile

    That's an interesting thought Neopole. I just re-read the last annual report ...

    "BLIS Technologies requires new capital to further progress the new strategy. As previously stated, the Company is seeking an international partner to take up equity in BLIS. Assuming that the arrangements for such a placement are secured, the Directors will then seek shareholder approval for the transaction.

    The Directors will also seek approval from shareholders in August for a rights issue to existing shareholders..."

    I hadn't noticed the confident tone of that 3rd sentence ...and the rights issue sounds like an add-on comment rather than the main thrust. The main point is the expected corner-stone shareholder which they anticipate as being sooner than later.

    I'd better join that buyer's queue before the rush!

  3. #43
    Member
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    138

    Default

    Assuming their is a rights issue, Any shareholders here
    going to take up their rights?

    I probably will, but it depends on the deal.
    It would be good if their were some options for say BLT in
    3 years time, that would make it interesting.

    If the Nestle deal and DSM work.

  4. #44
    Member Scuffer's Avatar
    Join Date
    May 2007
    Location
    , , .
    Posts
    332

    Smile

    If Nestle and DSM are really comitted they will be making sure they have got a good deal now before BLT find themselves in a position to not need them financially, the idea of going to the shareholders for more money makes me think that these companies are not exactly falling over to get in, but this could be a good thing for existing shareholders BLT maybe holding their cards close to their chest and not giving too much away too early, lets hope it is the latter.
    I don't bloody believe it

  5. #45
    Member
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    138

    Default

    Hi Bobby whats your view on
    the delay with the rights issue?

  6. #46
    Member
    Join Date
    Sep 2004
    Location
    , , New Zealand.
    Posts
    161

    Default

    Not sure what to make of it. On the one hand, the new CEO would be only too well aware of BLIS' past propensity for giving and then missing self imposed deadlines. He would not have given a date he did not think he could stick to, due to impact on credibility. On the other hand, shareholders are never in a hurry to be tapped for cash, so maybe won't hold the delay against him. Could it be that at the time the issue was announced an underwriting arrangement was in place, but has now fallen over due to recent market turmoil and apparently reduced appetite for risk?

    To put things in perspective, we are only a few days into September, maybe nothing too serious to worry about at this stage. Have you emailed BLIS to ask them about the delay T1?

  7. #47
    Member
    Join Date
    Mar 2006
    Location
    Waimamaku, Northland NZ
    Posts
    114

    Default

    If BLT is in fact in disussions with a serious stakeholder (as hinted at several times by BLT) ...remembering that such talks may take 6-9 months ...then the idea of a rights issue to build new offices or lab capacity etc. may be under review. Stakeholders often want a strong say in business decisions.

  8. #48
    Member
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    138

    Default

    Hi Bobby, i havent contacted blis.
    Maybe wait a couple of weeks.
    Actualy I am looking to buy some more especialy
    at todays prices.

  9. #49
    Member
    Join Date
    Mar 2006
    Location
    Waimamaku, Northland NZ
    Posts
    114

    Default

    I thought the NZX has controls in place to keep us informed ...a level playing field etc?

    BLT stated they have a rights issue to be announced in Aug ...followed by absolute silence. They ought to give an apology ...and provide the NZX share market with a reason for that delay.

    These guys seem to forget they're a NZX public listed company.

  10. #50
    Member
    Join Date
    Apr 2004
    Location
    , , .
    Posts
    263

    Default

    According to todays Otago Daily Times Blis are set to raise $3m in new capital before the end of the year, with a shareholders meeting set down for early October.
    They have also agreed to broarden their research agreement with Nestle into other probiotics.
    No doubt somebody more computer literate than I can post the article.

Tags for this Thread

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
  •