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Slam, No idea.
Maybe people take better care of themselves between March to September lol.
Gixer (or anybody for that matter)
Does anybody have any clue as to why the income levels for H1 are so much better than the income levels for H2????
This isn't simply an observation of the latest R&A - this has happened consistently for the last 3 years and it applies to both the SSM Alliance Agreement incomes and the FF+ incomes. It is bizarre and I would really like to understand why there is such a substantial difference.
Can anybody help to explain.
Slam
Actually Happy Days, a better and probably more likely scenario is for PXS to get bought out..........which now they have the patent is increasingly likely. Wouldn't make sense to do before Blue Hat approval though
HappyDays - the only strategy they can or should have is to license the product to distributors because they have no clue how to market themselves
Yes the elusive blue cap is the only hope here. However my faith with the business side of this company is now so low im wondering if they have any sort of a plan on what they will do if, no I will be optimistic and say when they get it? They don't appear to have a clue on how to sell something! I will live in hope that the blue cap comes soon. Looked like it was on the cards this time last year and thanks to today copy and paste 'update' we appear to be in exactly the same position....another year and some 300k waisted! How, why, who's to blame, that's what I will be asking.
Krusty
There are positives throughout the whole update, but the theme is still very much jam tomorrow. None of us know whether tomorrow is next week/month/year.
Communication from the company is abysmal. I would encourage folk to take the opportunity to email questions for the AGM. A webinar to update us is long overdue. Our questions could be a framework for such an event rather than overrun the AGM.
Blue cap approval is the obvious catalyst for significant sales and we all want to know what the potential timescales for approval are.
W$
“Subscriber numbers on the www.fruitflowplus.com website have been growing steadily, and currently stand at a new all-time high level”
So how many do you think? 200? 300?? Bet it's way under 1,000 still. Is this covered by the DSM news blackout, or could they actually tell us the number? If so, why haven't they?? I'm trying to find a positive in this update, but it's just not there.
Gixer
We need the extra stock:
“Subscriber numbers on the www.fruitflowplus.com website have been growing steadily, and currently stand at a new all-time high level”
W$
(waiting for some real news)
It's a lifestyle Company and certain people have done exceptionally well out of shareholder apathy and inertia.To receive £308k from a company with revenues of £348k is obscene and totally indefensible IMO.
Yes but we've heard all this "substantially ahead" stuff before and it's not making any difference. Bottom line is £321k loss on revenue of £348k. It's still minuscule numbers after years and years of partnership with DSM. And who is paying for the losses? At least they're warning us that they want more of our money again this time. How long before we get to break-even? Any mention of an ambition to get to break-even? I can normally see the positives here but they've allowed H&B and Amazon to run out of stock, now it turns out there's been no appreciable improvement yet again. Many LTH's, like me, remain trapped at these levels, and have been for many years now. It's like the BoD don't give a stuff as long as we keep stumping up more & more cash.
It’s the DSM revenue which has seen the growth “· Total revenue from the Fruitflow DSM Alliance for the year was £233k, 18% ahead of the prior year (2019: £198k) and an all-time high number for the year. Strong start to the 2020/21 financial year for this business, with first quarter revenues substantially ahead of the comparative quarter in 2019/20.”
Don't you sometimes wonder if all the research you've done on behalf of the BOD has been a complete waste of time?
And a very big increase in the inventory of ff+.
Why would they do that if sales have fallen???
Yet there has been a ‘substantial’ increase in revenue for Q1.
DD77
My numbers are only for PXS own sales of FF+O.
The financials today cover thru year end which is up to end March 2020 and Feb and March were the two highest months by order number. April saw those numbers halved and they haven't recovered.
Guys it’s an old idea , once it looked good but it’s all over .
CB
Sort this company out ?
For me there is progress in all areas, but the issue remains that FF is essentially being kept a secret and until we have a suitably sized supply chain in place it will remain so.
I believe we do need to do things differently if we expect to see different results. I ask myself what are DSM doing to justify the level control they have over us. To me their performance has been very disappointing - they would have gone up in my estimation if they had paid for a FF logo on Sunweb's Jersey.
We are very fortunate that we have someone intimately familiar with FF pushing it forward in China. For me when we have blue cap in the bag and the revenues improve (significantly) we should wave adios to them. (Hopefully but that time we should have co's queuing up).
Looking forward to the fund raise, will be interesting who they get on board this time.
W$
The fact we've had 2 trades today (both sells) shows the general malaise for this share/company..........all rather depressing
All in all, a very underwhelming updated/results. I think we knew things were not going to be groundbreaking when they haven't released any news in the past 9 months. However, progress is painstakingly slow, even worse than I thought. And another raise to come...........I wonder if it will be above/below the price of the last one?
Can anyone advise/update - have By-Health completed any more studies since the last update? I seem to recall they had done a similar number last time. Still got 4 to go. When will these be complete? Also, I note that one of these studies is on animals.............does this study also require a further one on human before it can be passed? Lots of unanswered questions
Bella, interesting numbers, which i'm not going to dispute. But how do you account for their claims:
1. Fruitflow DSM Alliance Q1 2020 revenues substantially ahead of last year
2. The Company's Fruitflow+ Omega-3 dietary supplement business has seen continued growth in its subscriber base, with subscriber numbers on the www.fruitflowplus.com website now standing at a new all-time high level.
He has been back in the UK full time since January.
Based on my O/N’s and same multiplier my estimated sales:
H1 19/20 = Estimated £59,999 (Actual = £60,000)
H2 19/20 = Estimated £67,731 (Actual = £55,000) so actual is down by £12.7K
H1 20/21 = Estimated £34,496 (Actual ??? – is this going to be down too)
Feb20 = highest month @ 5991 Orders
Sep20 = 2724 Orders
Fundraising needed next 3 months.
No-one will get to see IF live on Zoom…ha ha I wondered how he was going to get out of that one.
Agree! This is just a bottom draw play with me but there is only so long of buring money and not driving the business forward anyone can take. Their problem to me is clear. They are still looking at themselves as a purely scientific company, let's do another study, look for patents etc. They badly need a bulldog business developer on the BoD. Someone who's going to drive the business side of things forward and actually make something of the good scientific work they have done. You can have the best product in the world but without the right business brain and credentials you ain't going to make any money from it. Its high time they move to the next chapter and move from being scientist to businessmen!
As expected. Same old and I recommend people read the finals for 2019 alongside 2020 to note the degree of copy and paste.
Main points of concern for me are:
Cash is £291k against £326k last year hence the advanced notice of the begging bowl.
They can't afford to pay for production of Fruitflow unless funds are raised. Maybe a pay cut might help.
Directors remuneration £308k against £214k last year. (The expensive and yet to make any difference eminent Doctor is another mouth to feed)
It's about time the BOD took a pay cut until such time as the Company is making enough money to justify their pay.
The BOD are also using Covid-19 to avoid having to face shareholders at the AGM.
I will be using my proxy to vote against ANY of the BOD who are ineffective IMO.
It's about time the shareholders with substantial holdings grew a pair and took action to sort this company out.
It's China or?...................