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The SP was 230-260 with a wide bid offer in the recent peak. Why would they get an issue away at "close to 250p". I mentioned earlier 180p was probably the right placement price for the size they are issuing given the SP leading up to it. . Any more than that has been just lazy and poor management. Today we hardly traded at 150p despite the bucket shop Issuance price .
The major shareholders are putting up with all the wanton share price destruction. This used to be 500p plus. Now sick placings at 150p. Just disgusting
They could easily have got close to 250p.
Said publically on Twitter he took the placing. Vote it out.
I'll be voting against it. Ridiculous rip off discount and dilution.
Look at the previous raise they did? go back and look at that
well u do whatever, but im voting aginst this nonsense
My understanding is the 1st placing goes to BIOME city chums but the 2nd placing goes to subscription to current share holders.
My twelve hundred shares aren't going to swing any vote on this, but the 50% discount price must mean that they need cash quick for something. Without the whole story I really would not know which way to vote on this one.
it could have been done at 230p even. send your email complaints in, phone up and VOTE AGAINST THIS.
VOTE against this and don't buy any shares don't help them to flip in my opinion
Certain of the Directors and Persons Discharging Managerial Responsibilities have participated in the Fundraise, pursuant to the Placing. John Standen, Non-Executive Chairman, and his wife Kathleen Standen have subscribed for 12,500 New Ordinary Shares in aggregate, which represents an amount of £15,000 at the Issue Price. Paul Mines, Chief Executive Officer, has subscribed for 12,500 New Ordinary Shares, which represents an amount of £15,000 at the Issue Price. Sally Morley, the Managing Director of Biome Bioplastics, has subscribed for 4,167 New Ordinary Shares, which represents an amount of £5,000.40 at the Issue Price. The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.
So these people know something and have 'invested'. 20 months ago the SP was just under 700p. Just another way for the BOD to get cheap shares and Fk the LTHs.
This could have been done at 1.80 ...why the need to discount to 1.20 at bucket shop broker prices? Where's the justification in that?
absolute joke! they could have raised MORE at a better price going to market and letting us all chip in and have a ridiculous discount
I'm with you on this one... absolutely disgusting management
should have sold out of this when i could , ffs
i suggest everyone complain to the board and reject the placing and vote against this nonsense
ridiculous price. shocking discount, the guy in charge of this has lost the plot.
the guy in charge of this has lost the plot
https://www.foodbev.com/news/ccep-achieves-50-rpet-across-great-britain-core-portfolio/
Coca-Cola European Partners (CCEP) has announced that 50% of the plastic used in its core portfolio made in Great Britain is now from recycled sources.
Plastic packaging of brands such as Coca-Cola, Diet Coke, Fanta, Sprite, Oasis, and Powerade – which are already 100% recyclable – will now be made from 50% recycled plastic (rPET).
With this shift, Coca-Cola says it increases its rPET usage by a further 25%. The company also pledged that the rest of its portfolio will follow in the same pattern later this year.
According to CCEP, the shift will reportedly mean Great Britain is now using over 21,000 tonnes of recycled plastic per year.
To announce the change, bottles will feature new labels notifying consumers of the increased recycled material and encouraging them to recycle.
“One of the key challenges the industry currently faces is that there isn’t enough food-grade recycled plastic locally available in the UK to switch to 100% rPET across our entire range. There needs to be more high-quality recycled plastic produced, so it’s vital to make sure we collect more bottles in an efficient way, and stop it ending up as waste,” said Stephen Moorhouse, general manager at CCEP Great Britain.
He added: “Although all our bottles have been 100% recyclable for many years, too many are still not being recycled. That’s why we support the introduction of a well-designed Deposit Return Scheme (DRS), consistent across Great Britain and coupled with investment in infrastructure. This will really encourage more people to recycle and will help more bottles to be collected in a clean, efficient way so that they can be remade into new bottles again.”
The announcement follows CCEP’s transition to 100% recycled plastic (rPET) bottles in the Netherlands and Norway. Earlier this year, CCEP also invested in recycling start-up Cure Technology, in an attempt to eliminate virgin oil-based PET from its packaging within the next decade.
For 20 years, Coca-Cola Great Britain has worked closely with WRAP and is one of the founder members of the charity’s UK Plastics Pact.
Helen Bird, strategic engagement manager at WRAP, said: “It takes 75% less energy to make a plastic bottle from recycled plastic compared with using virgin material, and it’s always important to remember that using recycled content in the manufacture of new products and packaging is the whole point of recycling.”
https://vimeo.com/455888432
By manufacturing plastics from plants, Biome creates materials that are truly biodegradable and compostable - a natural and complete disposal solution. Composting should be the natural choice for plastic contaminated with food or organic waste, such as food packaging, cutlery, coffee cups, food-waste bags, and agricultural plastics. We believe that plant-based and biodegradable plastics will become the go-to choice for brands the world over.
Governments and industry coalitions are supporting this change. The plastic pact commits brands to reach 75% recyclable or compostable plastics by 2025; the UK government are rolling out compost waste collection for all houses in the next few years and have put bio-based plastics at the heart of their clean-growth strategy. Biome’s bioplastics division is driving that change.
Surprised we don't have articles in the media to give this news to investors.
$550k a quarter is a lot of pods. Assuming the order repeats, $2.2m revenue should represent a much bigger market cap. It be recognised sooner of later.
Looks like Kraft Heinz are way ahead of BIOM on the technology though if their pods compost in a normal environment and don't need industrial composters.
surprised we are not getting higher sales from these guys, Biome bioplastics supplies the materials for Cameron's EcoPods
they are pretty large Camerons
Cameron’s Coffee
Location: Shakopee | Employees: 131 | Products: Coffee sold in retail markets.
Specializing in packaged products made Shakopee-based Cameron’s Coffee well positioned for the lockdown. With local coffee shops closed, meetings cancelled, and most people working from home, supermarket sales of coffee beans spiked, Cameron’ CEO Bob Waldron says. This spring, the coffee-roasting company had to bring in an extra 3 million pounds of coffee.
And Cameron’s makes sure that it’s buying high-quality coffee—“the top 10 percent of the beans in the world,” Waldron says. Coffee’s market growth “continues to move toward premium,” he adds. Cameron’s “magical position” is “premium coffee at a mid-tier price”—lower than many of its premium brand competitors.
Camerons Coffee pallets of coffeeCameron’s might not have the name recognition of coffee-house brands like Caribou and Dunn Bros, but its profile is high in the retail market. According to Chicago-based retail industry analyst IRI Scanner Data, Cameron’s was the fastest-growing retail brand in the Midwest’s Plains Region and number four in total retail sales. Cameron’s sales hit $72 million in the 12 months ending July 31, 2019. Since then, Waldron says, the company has grown in double digits on average each month compared to the same month the previous year.
One of the main drivers of that growth is Cameron’s distinctive single-serve EcoPods. The story of these compostable coffee pods began about 12 years ago. Bill Kirkpatrick, Waldron’s predecessor as CEO, wanted to enter the booming single-serve K-cup market. But according to Waldron, Kirkpatrick didn’t like the “plastic, watery taste” he felt pods imparted to coffee. Working with an Italian packaging design firm, Kirkpatrick developed a single-serve design whose key component is a soft, thick mesh filter that “traps the water against the beans,” says Waldron, who became CEO in 2015. “So your extraction time is longer, and you get fuller flavor.”
Waldron says he and Anne Maus, Cameron’s vice president of supply chain, “saw the opportunity to take the three materials—the lid, the ring, and the filter—and make them more sustainable, whether recyclable or compostable.” After two and a half years of development, Cameron’s introduced its new EcoPods in 2018, and is freely sharing the technology with other coffee roasters.
Cameron coffee packaging process
Cameron’s keeps costs down by outsourcing production of its packaged lines.
Cameron’s maintains its mid-tier prices in part by keeping production costs down. “We favor streamlining and simplification whenever we can do it,” Waldron says. For instance, all of Cameron’s packaging lines are manufactured by Bologna, Italy-based ICA. This allows the company’s maintenance team “to optimize training and performance, because it’s all the same equipment,” he says. Cameron’s runs lean, with about 25 people in a front office that’s adjacent to the roaster area.
The company also is
Biome bioplastics supplies the materials for Cameron's EcoPods and San Francisco Bay onecup coffee pods. This was stated in an investment video last year.
It is depressing how difficult it is for us to get rid of these dirty products.
Coronavirus has seen single-use plastics sky-rocket to help keep us safe
Nearly 500 people recorded their plastic waste for a week as part of the Everyday Plastic Survey during lockdown - between them, they collected 23,000 waste items
https://metro.co.uk/2020/08/31/price-plastic-bags-double-10p-next-year-13200541/