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Hypermarlin,somersetgreen: thanks for the replies. I don't hold a lot of these shares and I confess I bought them mainly out of a sense that green issues will become ever more prominent and important and plastics are going to feature strongly on the "green agenda". Lets see what happens!
I bought in here yesterday after watching from the sidelines for the last few months waiting for that hideous spread to close. In the end the low market cap was just too much to ignore. Plastics are one of the biggest environmental issues of this time and I can see demand growing hugely for bioplastics in the near future. Orders such as the recent coffee pod one should see exponential growth in demand. If one producer is using environmentally friendly products it puts a lot of pressure on others to follow, to the point that companies not using them are seen as a pariah. Hopefully they can get more orders from other sectors soon too.
The spread is very off-putting, but will soon fade into inconsequence if this takes off
Biome are getting tagged (in chat forums e.g. on Twitter) along with various other green shares, which are surging, so some of the over flow is here, I expect, but then the spread kills any momentum. At a guess.
It is a very quiet board! Do you have any clue as to why the price has shown so much movement recently? Market movements and small RF contracts don't seem enough explanation to me?
Hello peeps, anyone else invested in this awesome company, or has everyone gone home?
Better than a slap in the face.
Biome's Stanelco RF Technologies ("RF") division (www.stanelcorftechnologies.com) has signed three contracts, with an aggregate revenue of £117k, that will provide RF process heating solutions and equipment to customers in diversified industrial applications.
The contracts, with two new and one previous customer from the aerospace and medical sectors, provide a further positive indication that small capital goods purchases are being made by specific sectors of UK industry and that the division's efforts to grow a diversified revenue stream - beyond its traditional fibre optic cable market - are producing tangible results.
The revenues from these contracts will be realised across the remainder of 2020 and during 2021 and do not impact on the Board's expectation for 2020, during which orders from the fibre optic market have been subdued.
Paul Mines, Biome Technologies' Chief Executive commented:
"These orders provide some encouragement that we are making positive progress in RF's strategic aim of diversifying its revenue streams."
Some minor excitement at the end of trading and we've closed at 195, and it's a proper buy, #2000 and £3,900 invested be someone. Cool.
Vol. Sold 664
Sold Value £1,228
Vol. Bought 2
There's the answer
half a beer in a pub or 2 pints in Weatherspoon's
sometimes MMs generated this to stop the price dropping
That's high volume for BIOM!
....however if you look at the trades history, in fact the £2 appears to have been from 2 different single share transactions. Who knows what that was/is about. Weird.
Probably optimism that there might be light at the end of the plastic tunnel? Esp maybe peeps coming out of covid stocks and looking to crank up the ESG credentials in their portfolios for 2021?
Something up or just general optimism that there's light at the end of the COVID tunnel?
https://www.*************.net/uk-to-support-plans-for-new-global-treaty-to-turn-tide-on-plastic-pollution/
lol
The reverb of an empty room....
Anyone know what's driven this down today?
Thought Biome look at this over 5 years ago and gave up ?
I got it and I had my tongue in my cheek. Maybe they were hoping they would be in power for a long time lol. I do think they would have done more than the Tories though.
Sorry my reference to idiots was the fact they never would have , could have planted that number it was just a tit for tac number to outdo the conservatives promise . All parties should prioritise the rewinding in many parts of this country .
Any way , a little off topic.
Let’s hope our investment goes towards a positive change
@sitiain - A14. Lots of trees - article here about 668,000 of them https://www.lowther-forestry.co.uk/tree-planting-has-started-on-the-a14/ plus as per the picture, some of the millions of non-recyclable tree protectors.
Surely planting 2 billion trees if Labour had won would have been a good thing but yes The Woodland Trust is the kind of organisation that would jump at this I think. It's a good combination of 2 important green issues.
This s a wonderful product.I am a keen tree planter and pick up old plastic tree protectors from various old council jobs.They are as good as new even after 5 years , showing you just what a crime it is to simply not retrieve them for reuse.
The tragic state of affairs these days is its cheaper to buy them new rather than pay people to collect them .
Look on any new road , you will see thousands of them.Example new A14 road in Cambridgeshire they have planted 668,000 trees.
The world has pledged to plant tress to capture carbon.Remember labours promise of 2 billion pre election (idiots).
I hope they contact the Woodland Trust who i would recommend supporting for those struggling with a present for someone.Buy a tree, its a lovely idea.
They are aiming to plant 50 million .
Just bought my first tranche of shares 1.63.Good luck to us.
It would be a unique product. I could see it getting taken up on masse globally. Market could be huge. Let's hope the pull it off.