PBP - Probiotec

[The Big Ease]

i also follow pme, though not invested atm.
they used to treat all rnd as an expense but have been forced to capitalise much of it due to accounting regulations (?) is this related to IFRS/sarb-ox.

good point tla87.

[Footsie]

TLA 87

IF that were the case then they wouldnt have such a good cashflow.

This company has the best +ve cashflow i have seen in a small cap.

[macduffy]

I see that director Maurice Van Ryn has bought another 5,000 shares bringing his holding to 337,502.
Only a small transaction but at least its a sign of confidence in the company.

[Footsie]

least he is not selling!

[macduffy]

Turnover in PBP has slowed to a crawl this month, 112,000 shares traded so far!
At least M/D Maurice van Ryn shows his faith in the company, declaring the purchase of another 10,000 shares on market. Let's hope it's a sign that the company is travelling well, albeit under the radar.

[macduffy]

Being thankful for small mercies, I note that PBP is the only Aussie stock on my watchlist ( and in my portfolio ) which is in the green today. So far, at least!

[thereslifeafter87]

TLA 87

IF that were the case then they wouldnt have such a good cashflow.

This company has the best +ve cashflow i have seen in a small cap.

You should check out RFG and RCG then.

But more on point, the cashflow is less than earnings because of the capitalisation of product development costs.

At some point this capitalisation will have to be amortised, then earnings will drop. That point could be a long way off though.

[macduffy]

Trading update from PBP. All positive!

- Sales revenue up 32.3% in four months to 31 October.

-Solid gross margins being maintained.

- Strong order book for November and December 2008.

- Forecast of at least 20% growth in NPAT for FY2009 re-confirmed.

[macduffy]

Managing Director Maurice van Ryn has bought another 25k shares on market.

I've still got mine!

[macduffy]

It looks like the 73% increase in half-year profit is beginning to be noticed. Another strong performance by PBP today.Up another 6.2% to $1-89.