BLT - Blis Technologies

**GR8DAY** · 15-10-2015, 01:51 PM

Originally Posted by skid

Why would a new CEO drive this to a new level? Just when they get things right ,they change CEOs??? I dont get it,now theres another wild card in the mix-call it what you like,but-management is crucially important in my book.(this one seems to have been the real deal,finally)

Because thats what we will be paying him/her to do? LOL ......not sit on their hands basking in all the hard work done by Barry and his team. A CEO change was announced months ago by the way.

**skid** · 16-10-2015, 10:27 AM

Originally Posted by GR8DAY

Because thats what we will be paying him/her to do? LOL ......not sit on their hands basking in all the hard work done by Barry and his team. A CEO change was announced months ago by the way.

I dont think either one of your comments is reason in itself for celebration.im not saying its reason to panic either but obviously Barry has turned things around so why would a change from his expertise be necessarily good news?
OK he resigned--How does that insure the next bloke will be as good?
OK they are paying him to be good- Is that all it takes to insure he is?
Maybe he/she will be even better ,but celebrating just because a good bloke is leaving and an unknown quantity is coming in seems a bit premature to say he/she will be driving this to a new level (lets hope so,though)

On another note anyone got any guesses on which country the growth came from--which would be the best news - US or China (I would lean toward China with its vast market and less competition)

**kiwidollabill** · 16-10-2015, 10:50 AM

I was at a panel discussion a few months back where one of their directors were speaking. Obviously (and no surprises here), they've had to re-invent the inner workings of this company several times over, sounding very positive now (was just as the job ad went out for a new CEO). I would imagine the BOD will be savvy enough to appoint someone with significant international marketing experience which should be a good indicator of where BLT needs to focus. Quite a few middle managers in Fonterra are jumping the boat at the moment (and a few others have been pushed) so I wouldn't be surprised if that is where they will get the talent from.

**GR8DAY** · 16-10-2015, 12:23 PM

[QUOTE=skid;594350]I dont think either one of your comments is reason in itself for celebration.im not saying its reason to panic either but obviously Barry has turned things around so why would a change from his expertise be necessarily good news?
OK he resigned--How does that insure the next bloke will be as good?
OK they are paying him to be good- Is that all it takes to insure he is?
Maybe he/she will be even better ,but celebrating just because a good bloke is leaving and an unknown quantity is coming in seems a bit premature to say he/she will be driving this to a new level (lets hope so,though)

CLEARLY YOUR'E A GLASS HALF EMPTY PERSON SKID.......Barry is leaving us with a solid growth platform (thanks Barry)......surely better that than a new CEO stepping onto a sinking ship?? (that's actually what Im saying) Try and be positive my friend and fellow shareholder.

**pierre** · 16-10-2015, 01:33 PM

[QUOTE=GR8DAY;594373]

Originally Posted by skid

I dont think either one of your comments is reason in itself for celebration.im not saying its reason to panic either but obviously Barry has turned things around so why would a change from his expertise be necessarily good news?
OK he resigned--How does that insure the next bloke will be as good?
OK they are paying him to be good- Is that all it takes to insure he is?
Maybe he/she will be even better ,but celebrating just because a good bloke is leaving and an unknown quantity is coming in seems a bit premature to say he/she will be driving this to a new level (lets hope so,though)

CLEARLY YOUR'E A GLASS HALF EMPTY PERSON SKID.......Barry is leaving us with a solid growth platform (thanks Barry)......surely better that than a new CEO stepping onto a sinking ship?? (that's actually what Im saying) Try and be positive my friend and fellow shareholder.

I agree Gr8day. Barry's leadership and fortitude through the trials and tribulations of past years now has the company - dare I say it - well positioned for some exponential growth over coming years. He has decided to move on but isn't deserting the ship - he remains in his role till the end of the financial year to ensure a smooth transition to a new CEO.

I don't think anyone is "celebrating" a change - we don't know who the new CEO is, nor are we disappointed with the incumbent. We're just looking at the glass half-full scenario that we'll get a good one and that he/she will continue to drive the business hard from the current, much more secure, base successfully developed by Barry and his team.

The good news is there's plenty of time to suss out and install a new leader, so transition issues should be minimised and momentum able to be maintained.

It will be interesting to see, as Skid mentioned earlier, if the growth is coming from China and then, where FY17 sales forecasts lie. If China is the growth engine, then look out for a potential rocketing of volume over the next 2-3 years. BLT has turned the corner and it looks like a pretty clear, straight road ahead. I'm well and truly on board for the ride.

Discl: Hold 4m shares at 1.6c average.

**skid** · 16-10-2015, 03:19 PM

[QUOTE=GR8DAY;594373]

Originally Posted by skid

I dont think either one of your comments is reason in itself for celebration.im not saying its reason to panic either but obviously Barry has turned things around so why would a change from his expertise be necessarily good news?
OK he resigned--How does that insure the next bloke will be as good?
OK they are paying him to be good- Is that all it takes to insure he is?
Maybe he/she will be even better ,but celebrating just because a good bloke is leaving and an unknown quantity is coming in seems a bit premature to say he/she will be driving this to a new level (lets hope so,though)

CLEARLY YOUR'E A GLASS HALF EMPTY PERSON SKID.......Barry is leaving us with a solid growth platform (thanks Barry)......surely better that than a new CEO stepping onto a sinking ship?? (that's actually what Im saying) Try and be positive my friend and fellow shareholder.

Maybe I misunderstood your statement about the new CEO bearing in mind you dont know who it will be

''Agree the new CEO will surely be driving this to an all new level.'' -- You dont think thats getting just a hair carried away?--You've decided already that the new CEO will Surely deliver--WHOAAA-- there, back up the ship.--theres plenty to celebrate about what has actually happened--no need to try to predict the future--thats glass 3/4 full

That whole glass half empty reminds me a bit to much of PEB--(lets not Jinx it)

If what you meant is that Barry has left things in a good place,then that great I agree--as far as what the new CEO does ,thats not a given, so watch that space...and best of luck to him and BLT. (and may your half full glass runnith over)

**GR8DAY** · 16-10-2015, 04:03 PM

.....and to you also my friend!! Yes hear what your saying about PEB but I think we must agree getting BLT to this point has been a genuine hard fought battle that is now feeling and sounding like something to celebrate. To me anyway this may just unfold as one of the great sharemarket comeback stories of all time (maybe Im exaggerating a little). From years of been on the brink of collapse to a position now of apparent success and talk of a surplus......great kiwi grit backing a great kiwi product. Yep I'll drink to that!