Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Ok all looking nice I'm saying they are almost out of here now, plus some nice little buys into the sells, have a great day people. Some of us have work to do. Enjoy the ride.
2 April 2020
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update: Salarius, Ltd.
MEXICO ADOPTS NEW SODIUM REDUCTION GUIDELINES
Tekcapital Plc (AIM: TEK), the UK intellectual property investment group focused on improving quality of life and creating marketplace value with university technology, is very pleased to announce that the Mexican Ministries of Health issued a final rule (NOM-051) on 27 March 2020 that mandates a new front of package labeling (FOPL) system for all packaged foods. This FOPL is designed to warn consumers against products that exceed strict thresholds for sodium, caloric content, added sugar and saturated fats.
Under the new rule, salty snack brands will need to prominently add the warning "Excess Sodium" ("Exceso de Sodio") if the product exceeds 350 milligrams of sodium per 100 grams of product. The implementation date for the FOPL warnings is 1st October 2020, with the more stringent nutritional threshold of >300mg starting 1st October 2023.
Mexican snack manufacturers are now being challenged to reduce sodium levels without impacting the taste of their products. In the snack industry, where flavor is everything, manufacturers are faced with the potential of new warning labels decreasing their sales if they don't reduce sodium, and if they do, it will also negatively impact sales due to a less savory product.
MicroSalt®, an all natural, proprietary salt made with micron-sized particles that dissolve in the mouth significantly faster than regular salt, delivers an increased sensation of saltiness with approximately 50% less sodium. In light of this new regulation, the directors believe that MicroSalt provides a solution to reduce sodium content without compromising flavor, compared to other sodium reduction methods which adversely affect taste.
Victor Hugo Manzanilla, CEO of Salarius said, "We are excited to see the commitment of the Mexican government to inform consumers and make it easier to select healthier products. There is a serious need for full flavor, low-sodium solutions in the food industry, and MicroSalt® can help meet this challenge. Salarius is already in discussions with several leading snack manufacturers to serve the Mexican market."
Market & Health Information
The Mexican snack food market is expected to register approximately $4 billion in sales in 2020 and is rapidly growing1.
Hypertension (high blood pressure) is the number one cardiovascular risk factor and the world's greatest risk factor for death and disability, according to the World Health Organization. People with hypertension are three times more likely to die from heart disease and four times more likely to die from stroke2. In Mexico, with a population of 126 million, there are 22.3 million hypertensive adults2.
Edale RNS out later today. The same pattern as before. Drop a few, wait, drop a few more. The sooner they are out the better. MM's playing games with margins filling their faces while Edale are still in. Rant over. Have a nice day folks.
Steveiom – I would not bet against you on that one!
Thought of the day – (or am I scrapping the bottom of the barrel in these self-isolating times!)
Hopefully not, but things are now looking a bit grim in the US and wouldn’t surprise me that after all this, they will have to do something on the lines of ‘Roosevelts New Deal’ (after the 1930’s Great Depression) to fire up the economy afterwards. However, it won’t be building roads/dams, but high tech stuff like accelerating 5G etc. Maybe, Guidant’s products will start to come into their own if this happens? -anyway, a long way off, I’m not a tech man, but may open up some debate away from Bellessa for all the younger i-phone owning members on the board!!
From asking about I think a few PI's are holding positions here expecting the next Rns 's ... all looking good - recession coming after a health crisis leaves Solarius perfectly poised to offer food manufacturers a production cost saving and health benefit, Governments, their army's and health authorities will look to hold stockpiles of ventilators ...
Sign of the times that the ventilator FDA RNS will multibag this b4 the SaltMe contracts expand.
The other one im adding to is TILS as it has a tabletised molecule under test to rejig the lungs after they finished on the ventilator and low salt diet ...
BigBang I'm taking a punt here but I think we will see a decent RNS either tomorrow or Friday. Been looking at today's trades and there's a few patterns similar to Edale's other trades prior to the RNS. Plus today the sells were being snapped up quickly. Good news on the way shortly me thinks.
Edale are being clever and you don't blame them. They'll be out soon enough, it's just a waiting game then. I'm also expecting new regulations over salt content in snacks and other foodstuffs. Our product is going to be in huge demand if it reduces salt content but maintains flavor. You can bet your bottom dollar when this is over government's are going to look at health in a different light. Investing in health services and regulations to improve the health of their nations.
Yes, I think you are right about the majority. The trades 35K & 23K seem thinly disguised Edales in my opinion, unless anybody knows better!
It would be good to know their current position, but almost impossible to calculate. Maybe also to do with the end of the tax year…I know companies have different year ends, but no doubt the directors would wish to pay themselves a bonus which may be influenced by the personal tax date?..Unless paid out in the Cayman Islands!!
I agree BB, although I am hoping the majority is Edale selling down.
Come next Monday people will be eager to invest their ISA allowance, so we could do with as much exposure as possible over the next few days.
This week is likely to remain volatile. Not only have we got Edale selling down their stake, but also other investors making adjustments due to the end of the UK tax year this Friday 3rd April.
1. So, Edale selling down their stake
2. Investors selling at a small profit to make use of their Capital Gains Tax free allowance of £12,000
3. Investors selling at a loss to offset against any profit made on other shares this tax year over and above their allowance
4. Investors selling to raise funds to switch to their ISA (£20,000) or Pension, either in this tax year or in readiness for the next tax year.
I could go on, but they have to weigh up the risk of TEK price moving. If it goes down and they are out so much the better or if it goes up, well there are plenty of other cheap shares around at the moment. Each investors circumstances will be different, but it would certainly explain some of the additional movement.
Going nowhere fast at the moment. Sooner the better this seller is out. Any momentum is sold into. I am sure better time’s are ahead though and a large rise from here!!!
Another tick up
Long way to go!!