Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Partially agree with you Hopeful but think well timed and useful rns at the right time and we would be nowhere near here.
Yes we know that they were in 2500 stores in July but we are in November nearly now so how many are we in now and why? We were told that there was $2M+ in sales in Q1 of this financial year, but again nothing since??? And most important is how well are we selling in those stores? Again anecdotal evidence such as Rhino, Viridian getting on board seems to suggest that the sales are going well, but we as shareholders don't actually know. The BOD has told us that the distributors are still all on board, but again that doesn't tell us how much we are selling. Even with the $2M+ in orders mentioned above, we don't know how much of this was repeat orders and how much the initial stock. Decently written RNS's over the last 6-7 months and we would be 2 or 3 times higher than where we are now - assuming of course there are sales. That fact is still unknown which is where the nervousness for me is coming from.
Regarding the actual products then I was an occasional weed smoker in my youth but never really a cigarette smoker so not tried them or would have any benchmark to compare them too. The gummies I love. I've always been an anxious person although managed to stay the right side of depression, but these gummies are great for my anxiety. Sleep so well these days. The Zoetic creams are great stuff. My wife and daughter love the skin care range. Obviously we don't come from a chew nation but understand the market for these in the USA and think it will be great. So I can see the potential of Chill but need to see sales to regain the confidence in the BODs for me. Not that I don't love T&A (see what I did there) for what they have done so far, but running a start up company compared to a global brand are two very different beasts. A couple of good rns before Christmas (please??) and I would be a lot happier if it gets the SP moving in the right direction.
I think the targets set last year, and earlier this year are still resound among Investors and potential investors and the fact that many of these targets have produced no news or progress and lack of sales / outlets reported has been taken as a red light....and on top of this investors are now expected to trust that the company are suddenly on top of their game with this new nonlinear method of reporting sales ..which I believe will give an even more unpredictable forecast of sales figuress and new outlets over a longer period of time.
If we are wiping the slate clean now and starting a new system of monitoring and reporting growth for the year ahead - I think a sales / outlet update now would be a sensible decision to allay fears from investors going forward and enable investors to actually monitor progress themselves and make their own decisions whether the company is progressing in a manner they are happy with.
I think if you look at the SP action you can see what has happened, and when, and what has caused those reactions accordingly.
If you then apply the reverse to those actions, you can see just how quickly it can move back up again!
It was overvalued at a £ as to where people thought it was - to where it was.
It had a finance balls up (LDA Deal)
It then had a 60p placing accordingly (addressed the above - but again - the finance issue was there at that time)
It then didn't hit the stores it said it would be a certain date - so this led to another drop.
It then drifted a bit, but with no further increases in stores notified (bar the circa 2500 in) it dropped a little over time.
It then had useless accountants delay the accounts, which then led to more alarmist noises made (such as some posters suggesting would be suspended etc)
You had a rushed preliminary with no explanation (big drop)
You had sales figures supplied which people assumed were negative as the numbers didn't increase every time - again people not understanding how things roll out, were stocked, and sold.
Alongside this you have had a totally useless IR company not produce any positive stories to combat all the lies and spin (that wasn't even required) driving a short attack.
The short attack would have worked (with the above in mind) regardless of all the lies and spin produced by some and trolling and BB attacks / disruption etc..
Basically a perfect storm of negativity that could be thrown about, was thrown about and the SP reacted accordingly.
So the recent positive news has been washed aside by sentiment of the above as I guess people want to see the actual impact in stores increasing etc.
Hence my previous post, visibility of things changing is what people clearly want to see. And my post is highlighting precisely what I expect to see happen, and why the reversal in SP action is to be expected.
All of the additions - Chill domain / Rhino / Viridian / BOD searches ongoing / new products being released / additional existing products going to be released in the USA are all progress, which zero value has been returned to the MCAP / SP accordingly.
It doesn't mean the company has stood still in the slightest, it has grown massively. It appears the CEO's saying in the AGM and GM that the distributors are all onboard and 10,000 is still the target itself hasn't moved the SP, as confidence is knocked.
But an RNS saying it has increased those stores, or is now increasing those stores, with those additional new products either in them, or on their way to them also, will be the catalyst for the sentiment to return.
All IMHO of course!
There has to be communication from the company in order for new investors to think about investing and old investors to add more. This silence is doing no good for anything as it seems they are hiding something.
Your Questions BB would be a good start to give us some answers. This silence is just ridiculous
Hopeful
Thanks for the detailed response. You do seem to be one of the people in the know so to speak or should I say knowledgeable about Chill.
I can see and read all the very valid points you 've made below. If I was a newbie just discovering this company I would like at that and say "This looks a great company! Why the F... is this share so cheap? The potential is amazing!!" But then "What am I missing? Why has it dropped from £1 to 19p when all the news seems to be good news? What is wrong? Are the products not selling?" etc. And I suppose right now even as an investor for many months I guess I'm asking the same questions really. But from a point of view of "why has my research told me this is good but the market telling me the opposite and my many thousands of shares (not in the hundreds of thousands or millions like some on here) worth a darn sight less than when I bought them?"
We keep hearing "news soon" and "lots of it" etc, but I've not seen a share drop on what have been some really quite positive rns like it has ever. Making me nervous is all!
HopefulD ... Absolutely spot on with what you say..... Hold is all we can do and wait for the planets to align (and they will). The appointments already made indicate where this is going IMHO.
Seb,
I don't think people as yet understand this, and part of that is clearly based on the previous communications that have been made not helping with that.
At present sentiment is low, if the majority of people actually believed currently that we will hit 10,000 stores, and hit it with more than the initial products we were rolling the SP would be far far higher as you say.
The fact is the majority of holders with anything of note are holding, and some are happily nibbling away what is sold off.
The narrative needs to change and the sentiment will then return in a flash.
What people want to see is the rollout progressing and store numbers increasing.
What happens on the 1st notification on stores increase to x or y IDK. Sentiment should change and very positively, some will see it is time to pile in, some may not.
What happens on the 2nd notification when stores jump again, will be the "oh it really is going to 10,000 + stores etc" and I would expect a rapid rise accordingly.
A lot of the UK investors really don't seem to get CPG and how this will play out, and that is clear by a large number of the comments in shareholder groups as well as on the BB's.
The ability to not only roll to more stores, but for those stores and existing stores to happily take additional product lines from Chill, will be a real slap in the face wake up call for many shareholders when that is communicated it has happened or happening.
We all know the news flow hasn't been well managed to date, but markets have also been quiet, a number of companies are at SP lows which do not reflect their potential either short, medium or long term.
Chill is absolutely in that space. But I expect a number of fundamental changes to occur along with stores increasing towards 10,000 by the March / April timeframe. It will probably take some of the below to start happening to really drive the SP up, but up it will go.
1.) When next news is released it won't just be Proactive Interviews and a little bit of news then absolutely dark silence and a guessing game as to where at, Viridian will be driving US IR.
2.) Viridian and Rhino are providing the missing skills currently (and if people can't connect the skillsets and who these people work with on a daily basis to what is coming....)
3.) Appointments of BOD members to come which will validate Chill "oh they left x to join Chill" - Just look what getting people with experience on BODs does to raise profile.
4.) The impact of adding SKU's to existing stores, alongside stores increasing will provide a massive turnaround in sentiment.
5.) People buying that people follow. Sometimes it takes a little of that to make people stand up and take notice as well...
Just need to hear, in an RNS, that some of these things are happening and the IR to be promoting it accordingly. The clock ticks.
“ We will be getting out our messaging very soon and often so there is not a big disconnect. “. I’ll take that. More and faster.
TBH we’ve been hearing this for a while and still not getting it. I still believe in the project, the products, etc and the Rhino, Viridian link ups are exciting but they are the only thing keeping me sane with regards Chill right now. There’s been 6-7 months of great talking, but little signs of action (no stores number update since Julys missed target/no sales announcement since about same time/still no idea of sell through rates - keeping hearing there are good but anecdotal reports only) while the sp has gone down nearly 90p. The news of the $2m+ sales in first quarter didn’t stop the drop. Rhino and Ramson group link up didn’t stop the drop. Viridian news didn’t stop the drop (although early doors obvs). AGM announcement that 10,000 by March 2022 was still the target didn’t cause a glimmer.
Forgive me for the negativity but is the market seeing something we are not. Just crunch a few numbers on 10,000 stores selling making a few quid profit per day and we should be up to 10 x higher than where we are right now and that excludes Zoetic sales, Uk sales etc. Why isn’t the market seeing this? Or am I missing something? If it’s visibility then why isn’t the team we now how getting the message out there?
Rant over!
Evening all. I didn’t want to post this before the meeting but I mailed Antonio with a suggestion about improved payment methods and as usual I got a speedy reply with the following as the last sentence. .
“We will be getting out our messaging very soon and often so there is not a big disconnect. “. I’ll take that. More and faster.
Now to kick on
RKBs futile one man crusade outvoted by my pension pot alone.
BB’s questions answered as expected.
That concludes the trolling on last years activities.
Let the rollout continue.
Goodnight