BLT - Blis Technologies

[clip]

Dropping for the same reason it went up Clip. Now that is a bit of a worry.

Not a worry to me

[GR8DAY]

......BUY ON THE DIPS! ( only fools do the opposite)

[Bilbo]

Dropping for the same reason it went up Clip. Now that is a bit of a worry.

Dropping because the 6 month report is out and does not say anything we don't already know. They do state "Accordingly although a further operating loss is anticipated in the current financial year our expectations are for the Company to move to profitable operations during the course of the 2015 financial year."

[GR8DAY]

......just the usual panik selling Moosie by the nervous nellys who dont appreciate the BIG picture. Happy to just watch the stupidity and BUY into it......come to mamma!!

[clip]

Thanks Bilbo - had not seen the report just come out

[simla]

Upbeat report, as hoped. In particular: "Accordingly although a further operating loss is anticipated in the current financial year our expectations are for the
Company to move to profitable operations during the course of the 2015 financial year." (P7)

[Bilbo]

Thanks Bilbo - had not seen the report just come out

I will be interested in reading what everyone in here makes of the report. Revenue increase of 24% but also note: "Also the prior reporting period included turnover of $180k from the discontinued operations of BLIS Functional Foods („BFF‟) and therefore the underlying increase in sales of ingredients and finished consumer products was significantly higher at 86%."

That sounds like good progress to me, but I guess the market needs to see sustained increases in sales before getting excited about BLT.

[simla]

"The formal approval (export accreditation) of our nutritional formulations plant (expected in December) will be a significant milestone in the implementation of this strategy. Upon receipt of export accreditation these products will be marketed in Australasia, Asia and parts of Europe." (P5)

That includes NZ then.

[clip]

I like this as well "Sales will be further boosted when the nutritionals plant is certified for export (expected in December 2013)"

[Harvey Specter]

Reality just hit at about 200km/h...

I assume it was stop losses being triggered. Anyone here caught.

I predict it will drift north again though the day as those that are buying see the opportunity to top up at the lower price.