Fair response and I'd broadly agree with your assessment if likelihood of reasons for not stating projected revenues.
Break even date would also be useful. I still don't see why a f/c revenue canny be given even if it is a range. On reflection I suppose it is a stab in the dark as unless the y KNOW DSMs marketing strategy, rollout plan, distributors etc then how can they assess likely revenue. It's just so dam* frustrating...
BB - so you're saying the PXS never have to declare revenue from FF?.... they only ever have to say how much they've made from the AA in each set of results?... no offence m8, but, that is ludicrous,,, but, you're entitled to your opinion.
BTW, BMW have more than the Series 3... the comparison was that FF is in lots of products but is still FF.... BMW produce lots of model but they're all BMWs......
Finally, regarding Martek - " In comparison the money DSM have invested in Fruitflow is chicken feed.You're not comparing like with like."... don't recollect comparing the actual amount brought in by Martek vs PXS... you must have imagined that... but, I see your point... companies only have to report revenues for their products if they are the size of Martek's or higher.... yeah, makes sense, reckon you better run that past an accountant and lawyer though just to be sure....
They probably don't know very accurately. They'll have a rough idea and will have have upper and lower bounds in their internal forecasts ( which they mention in the accounts ) along with differing timescales.
There are a few possibilities
1. The conspiracy theory. They're keeping stum so they can sell the company off on the cheap and receive some kind of backhander ( Sorry Admin ) - I don't really subscribe to this option.
2. The forecasts are poor and wouldn't justify the current sp and they'd like to exercise their options at some time so like to keep the info up their sleeve. It would also explain the lack of a broker note
3. There are just too many unknowns to be able to put any sort of reliable forecasts out so you just have to believe in the product, assume that a decent deal with DSM has been struck and accept that timescales are just up in the air.
On a % probability I'd go for 5%, 15% and 80% respectively. What I'd like to see is a more vague forecast saying "we expect to be at breakeven in FY nnnn". That would work for me, but I doubt we'll see it until it's almost upon us.
fact is they didn't need to wait so long for rns. just as they did in 2009 waiting till sp had risen to 15p + before issuing rns and then unveiling hugely discounted fund raise and then MOon sold only 6mth later.......rest is history
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.