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08-05-2017, 05:35 PM
#5251
Sales growth has certainly slowed.
There are 1,107,653,565 shares on issue giving a market cap of just under $43.2 mil @ 3.9 cents share price.
Just does not add up with revenue of only $6.5 mil..
Last edited by percy; 08-05-2017 at 05:37 PM.
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08-05-2017, 10:11 PM
#5252
"The company will report its full year annual audited financial results by Monday 26 May 2017."
I just noticed that there is no Monday 26 May. Perhaps they mean Friday 26 May.
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09-05-2017, 02:45 AM
#5253
Originally Posted by simla
"The company will report its full year annual audited financial results by Monday 26 May 2017."
I just noticed that there is no Monday 26 May. Perhaps they mean Friday 26 May.
Typical of a Mickey Mouse company?
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09-05-2017, 07:09 AM
#5254
Member
Originally Posted by winner69
Typical of a Mickey Mouse company?
Yes pretty bad mistake to make, very sloppy
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09-05-2017, 08:54 AM
#5255
Junior Member
Originally Posted by QOH
Yes pretty bad mistake to make, very sloppy
Does the right hand know what the left hand is doing?
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09-05-2017, 09:04 AM
#5256
Let's not sweat the small stuff. Everybody makes mistakes from time to time.
My concern is simple: how many years to a $5m profit with the trend lines below, let alone $10m or more? What is the plan, and what is being done to implement that plan?
Originally Posted by simla
Source : last few annual reports, plus update on 2017 just published.
(000s) |
2013 |
2014 |
2015 |
2016 |
2017 |
Loss |
-1856 |
-1541 |
-1373 |
-816 |
-24 |
Revenue |
1161 |
1322 |
2631 |
5661 |
6547 |
Total Expenses |
3017 |
2863 |
4004 |
6477 |
6571 |
Cost of goods sold |
527 |
585 |
935 |
1762 |
Ergo other expenses? |
2490 |
2278 |
3069 |
4715 |
I have checked the figures carefully, but check them yourself if relying on them.
Last edited by simla; 09-05-2017 at 09:09 AM.
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09-05-2017, 09:38 AM
#5257
A plan that obviously should work is to take a very large pair of scissors to the expenses. That would instantly produce a respectable profit. The 2016 report talked of non-recurring costs that year, but that does not seem to have altered the outcome this year?
Another plan that should work is to change the objective. The reports constantly talk of growing revenue, and I would like them to start instead talking of growing profits. If you are aiming at growing revenue then of course you are going to spend money to achieve that aim. But if you are aiming at growing profits, the incentive would be the opposite.
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09-05-2017, 10:24 AM
#5258
Junior Member
A large pair of scissors to the expenses would be an excellent starting point.
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09-05-2017, 10:05 PM
#5259
Originally Posted by Leon
A large pair of scissors to the expenses would be an excellent starting point.
Yeah Leon! Trim it down so they make a tiny profit and stop growing the revenue. Sticking with a tiny profit will be much better than growing Blis into a decent sized company with big profits. Maybe they can cut some staff? 20 odd people is clearly excessive! Trim the marketing budget? They spend far too much on that. And cut the support people out. Their customers and partners don't need support in launching new products. And cut the tiny budget in making their crappy website slightly less crappy. I'm with you pal no question! You should be in charge.
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10-05-2017, 02:06 AM
#5260
Originally Posted by emearg
Yeah Leon! Trim it down so they make a tiny profit and stop growing the revenue. Sticking with a tiny profit will be much better than growing Blis into a decent sized company with big profits. Maybe they can cut some staff? 20 odd people is clearly excessive! Trim the marketing budget? They spend far too much on that. And cut the support people out. Their customers and partners don't need support in launching new products. And cut the tiny budget in making their crappy website slightly less crappy. I'm with you pal no question! You should be in charge.
Jeez mate - thats a depressing view, esp coming from a true believer
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