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Gixer - re the O/No unit price - be it per unit or per order:
FF+O for consumers
Sub = £15 per pack Free Shipping Worldwide.
Non-Sub = £19.95 per pack Free Shipping Worldwide
What about the VAT? I assume this is included too.
Although the consumer is charged an all-inclusive price and shipping and VAT are not broken out, they are in fact broken out in the PXS system and the income reported is net of these two items hence the unit price per O/No being that much lower. There may also be an upfront Amazon commission payment deduction made for Amazon sales. In addition to this any sales made to H&B would be at a much lower price per pack too (customer contract price).
If each order number represents an Order not a Pack then the equation is much worse.
From 2021 PXS FY Accounts
‘Revenue
(i)Performance obligations and timing of revenue recognition. The group’s revenue is primarily derived from: • The group’s profit-sharing Alliance Agreement with DSM, with the group’s profit-sharing income from this agreement being recognised on an accruals basis in accordance with the substance of the agreement, based on the receipt from DSM of the relevant information to enable calculation of the profit-sharing payment due to the group. • Selling goods, with revenue recognised at a point in time when control of the goods has transferred to the customer. Revenue from sales to external customers is recognised when goods are despatched. There is limited judgment needed in identifying the point at which these performance obligations are satisfied.
(ii)Determining the transaction price. The amount of revenue to be earned is determined by reference to (i) the provisions of the group’s profit sharing Alliance Agreement with DSM, which is based on DSM’s fixed price contracts with their customers, and (ii) the fixed price contracts which the group has with its customers, in respect of the direct sale of goods to these customers. Variable consideration relating to volume rebates has been constrained in estimating contract revenue in order that it is highly probable there will not be a future reversal in the amount of revenue recognised when the amount of volume rebates has been determined.
(iii) Allocating amounts to performance obligations. For most contracts, there is a fixed unit price for each product sold, with discounts given for bulk orders placed at a specific time. Therefore, there is no judgement involved in allocating the contract price to each unit ordered in such contracts (it is the total contract price divided by the number of units ordered). Sales rebate and discount reserves are established based on management’s best estimate of the amounts necessary to meet claims by customers in respect of these rebates and discounts. A refund liability is made at the time of sale and updated at the end of each reporting period for changes in circumstances.’
Not sure about a shorter tail though
W;-)$
I am sure it was.
Great marketing opportunity as well as I am sure there is a massive rat population in China looking to alleviate hyper-reactivity of the platelets after strenuous exercise.
Its all good :)
So good to know my platelets aren't bound to the Von Willebrand Factor .
I'm sure that had been worrying Naz too.
BYHEALTH Institute of Nutrition & Health and Institute of Chinese Materia Medica.
"Provisionally accepted: The final, formatted version of the article will be published soon."
"Accepted: 03 Aug 2022."
"Water-Soluble Tomato Concentrate Modulates shear-induced platelet aggregation and blood flow in vitro and vivo"
"Water-soluble tomato concentrate (WSTC), extracted from mature tomatoes, is the first health product in Europe that has been approved "to help maintain normal platelet activity to maintain healthy blood flow". We hypothesized that WSTC might exert influence on blood flow shear stress-induced platelet aggregation (SIPA) and in turn maintain healthy blood flow. We used a microfluidic system to measure the effects of WSTC on SIPA in vitro, We also used the strenuous exercise rat model and the ?-carrageenan induced rat tail thrombosis model to demonstrate the effects of WSTC on blood flow. WSTC significantly inhibited platelet aggregation at pathological high shear rate of 4000 s-1 and 8000 s-1 in vitro (P < 0.05 or P < 0.01). WSTC reduced the platelet adhesion rate and increased the rolling speed of platelets by inhibiting binding to Von Willebrand Factor (P < 0.05 or P < 0.01). The oral administration of WSTC for 4 weeks in strenuous exercise rats alleviated hyper-reactivity of the platelets and led to a significant reduction in the plasma levels of catecholamine and IL-6. WSTC treatment also led to a reduction in tail length, reduced blood flow pulse index (PI) and vascular resistance index (RI) and ameliorated local microcirculation perfusion in a rat model of thrombosis. WSTC exerted obvious inhibitory effects on the platelet aggregation induced by shear flow and alleviated the blood flow and microcirculation abnormities induced by inflammatory reaction."
https://www.frontiersin.org/articles/10.3389/fnut.2022.961301/abstract
Another tick in the box for Fruitflow :-)
Bella, Yes blanket orders could be a reason.
The last run of Fruitflow+ Omega-3 capsules that we know about was completed in July 2021 and the BBE date atm is Jul 23. I am not fully up to speed on the amount of times Amazon has been out of stock in the last year (wellsite might know) but I am sure its more than once???
Would that then mean that if PXS put in an order for FF+O to DSM then they draw down on that order when needed or has China taken more than planned as customer order numbers have been steady for a long time now and it would be easy to estimate run size so the likes of Amazon didn't go out of stock?
Cheers BB,
Not something I believe I was aware of ( "Market Maker holding shares from a placing then, so long as they're below 10%, they don't need to declare.") but then its highly unlikely to be relevant to my portfolio lol.
The original post from Bella suggested that one person or institute? bought the 6% and has been selling them into the market. Like you, I don't believe a market maker would make such a sizable risk if any at all.
Gixer...blanket orders comes to mind...
If you have subscriptions then it's not difficult to programme these in to end up with a free stock amount which is used to service Amazon customers. Any delays in receiving new stock orders or unexpected orders or new subscriptions can easily drop the free stock below set minimum thus triggering out of stock on Amazon site.
As provexis has high hopes in china ,and America is about to start word war 3 ,with china regarding Taiwan ,by pushing the China's what would happen to provexis
*note to self, don't try to use less than and greater than signs on here to embrace text !
Final try ...
Replace
If the "friendly" was holding shares
with
If the "friendly" was a Market Maker holding shares
Gah, i missed some text our
Gixer
If the "friendly" was holding shares from a placing then, so long as they're below 10%, they don't need to declare.
Would it be accurate to refer to a Market Maker as an investor in the placing RNS ? Probably not, but the RNS is just making a "thanks for your support" statement to the investors that did.
I wouldn't rule out a Market Maker taking up a fair percentage of the placing, but it'd be risky for them to take that level of a small AIM company.
BB
wellsite, like Bella, I also believed J&J fulfilled the Amazon orders but if that is the case then why do they always go out of stock on Amazon and not the company website. Strange.
Bella, if a friendly had bought the 133,333,349 shares then they would have to disclose that they were above 3% and in fact they would have been above 6%. Then they would need to notify on the way down.
So, as this didn't happen we can only assume that the shares were bought by at least 3 people and the RNS does state that it was "new and existing investors"
As alfisa says, there has been no evidence that these shares have been sold in full although some may have been in the last 18 months or so.
The fact is they keep running out of the stuff !!!
W?$
Kind of sums up the inaccuracy of Bella's claim then?
Alfista...a friendly ??? bought the shares in the placing and then on sold them over the past 18 months. Should they have declared? Possibly but not necessarily.
Quick sums.
Fruitflow+ Omega-3 achieved sales of £138k in the year to 31 March 2021, (last full year)
Order #134336 (12th April 2020)
Order #164119 (8th March 2021)
= 29,783
£138,000 ÷ 29,783 = £4.63 per packet.
PDYOR etc etc.
Clearly with the order numbers rising about 3200 a month at retail price of say £15 would equal £48k per month and we’re nowhere near that !
Quite deliberate policy.
Has anyone ever done the equation and matched to the reported sales?
Because I don't think the order number volumes match the income reported.
Just saying
That would suggest why there is no spike in order numbers when stock gets sent to China as its not in the J&J system.
No way of estimating this (until Y.E.?)
Gixer...FFO is not stocked in an Amazon warehouse. James and James are an Amazon fulfilment centre so orders placed through Amazon are shipped from J&J.
My understanding re H&B is each shop orders their own direct from J&J too.
The Distributor in China is shipped directly from DSM or whoever makes the finished product and they also ship PXS stock orders to J&J too.
J&J's numbering system is based on per box shipped.
If an order is for one box then the order number moves on 1. If tge next order is for 2 boxes it moves on 2. If the next is for 5 boxes it moves on 5. If the next is for 1 box it moves on 1...etc etc.
If you could point us towards the sells by any large holders, the point could be validated.
As I've posted many times, the structural changes inn DSM, and the relationship adjustment, may result in DSMV reducing, but the fact is that there's simply zero proof of that happening.
Dec 2020 £1m placing @ 0.75
It simply took about 18 months to work through the new shares...sold on to pi's basically.
Now they've got rid of them the price has dropped back to where it was.