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https://*************.net/what-the-eu%e2%80%99s-single-use-plastics-ban-means-for-the-bioplastics-industry
https://*************.net/what-the-eu%e2%80%99s-single-use-plastics-ban-means-for-the-bioplastics-industryhttps://*************.net/what-the-eu%e2%80%99s-single-use-plastics-ban-means-for-the-bioplastics-industry
Yep but it is the answers to those questions that make the most sense .... :)
Nice to be spoon fed some easy questions by a 3% stakeholder…
I think you'll find the interview on Vox today puts paid to a lot of theories on the future. I am very optimistic and continue to hold.
CEO needs to step down , not retire but s new role in the company as director of research.
Passion yes but not a leader to make Biom successful , problem is we need to wait till next AGM.
With last years loses of £1.5 million and now this year a new fund raise is coming and current cash rate in 6 months.
As for Trees Biome researched this 5 years ago and was dropped , but this time funds for research given by government and remands a 40% chance of success .
The CEO be better raising funds now then wait till SP drops any lower
JW to be fair does quite a lot of research and I enjoy the podcasts. However, he uses the podcasts and his followers to ramp up the shareprice for a quick win. This looked an interesting play and he took a big gamble investing in >3% of the Company.
He has had a few dodgy ones (BIDS springs to mind). I hope not too many punters were suckered into buying this after his comments. The announcement this morning was a shocker, I see JW is trying to get some support by saying this is a "dropportunity" but this is going nowhere for at least 6 months and he is probably trying to get out as the share price bounces. BIOM no doubt has a future but at the moment it's not a great idea to catch a falling knife. Wait for a further update.
Parp - "BIOM hates paying taxes so writes their RNSs accordingly".
That's a strange statement - if a company didn't make a profit and pay tax it would eventually go bust. BIOM has to my knowledge only ever reported 1 year of profit (in 2018 £100k) and has made a loss in the few years before and after so will not have paid corporation tax.
In the March contract win it stated this deal would have a significant impact on 2021 revenues. If these revenues have been delayed then the impact is significant, hence the RNS.
What the impact will be for 2022 is unknown but they've already called out it will make a loss in that year too which is a concern IMHO.
I don't own , but like the green technology. Knew it would spike after JW interest was was sitting on my hands. Will definitely wait longer now - this RNS is concerning
"It is pleasing that the demand for the division's products remains robust and there have been important additions to the customer list and the division's pipeline of development opportunities in the first half of 2021. Whilst the division's rate of growth will be constrained by the factors described above in the shorter-term, the Board expects a return to the higher rates of growth indicated in its Key Performance Indicators (KPIs) in due course."
This will give Paul mines the time to concentrate on the tree sapling protection product. This RNS is designed to lower the SP for some reason unbeknown to me. seen it done before when the SP was over 600p. BIOM is not reliant on one customer. BIOM has always made sure that one customer can only take up to 10-15% of the total business. The SP will double by the last part of this year, due to additional sales. Then I will be at breakeven after 11 years. BIOM hates paying taxes so writes their RNSs accordingly. Plus, the priority for BIOM is stuffing their nests with retirement funds and share allocations.
You will keep on your watch list to sell them or buy them? are you holding these shares and if so, what is your average price? thanks
re-reading today's RNS there are a number of negative factors.
The client's factory issues will obvious create a short term revenue shortfall - this is described in months. Clearly this will impact 2021 revenue targets.
Later they mention issues with shipping delays etc that is causing issues improving products and they also throw in FX issues. Surely these issues will have been known 2 months ago when the last update was given.
All fair issues and out of BIOME's control but these could all be resolved within a few months. The fact that they've stated 2022 revenues will be impacted is a little concerning IMHO.
Cash- was £1.8m in April and now £1.3m so 0.5m reduction in 2 months.
For now this will remain on my watchlist
The jury is still out on ESC but I do like Polarean.
As Steve mentioned his strategy is very risky and newbies will likely follow. He will likely be found out in a market down turn.
In JW's defence he has unearthed some great companies, e.g. ESC and POLX.
Chewlse, I agree, whilst I enjoy his podcasts, I consider his recent move to a concentrated strategy as very risky. 'Risk management' must be a priority over 'reward focus'.
Bought a few days ago on watching his video :( Lets see if he buys more??
yes and impact not just for 2021 but also 2022. Although cash ok at the moment 2 more years of losses means a placing may be imminent. Don't caught the falling knife
My issue with him is he says he’s an investor but I struggle to know one company he has invested in that has ended up being a profitable success.
The SP have gone up on many due to hype and ramping, all have fallen back over time (bidstack, Asiamet, Salt lake potash to name a few); some like koovs and AFPO have gone bust.
Mugging shareholders, good luck to anyone that wants to invest in this company in future.
The guy has 5 stocks now - he put 500k in here, thats a cool 150k wiped out this morning.
For me 5 stocks is way to low unless you have a small pot of say 10 -20k
Hes still telling everyone to buy the dip but is he selling tho
Dirty trading update is JW losing his touch? First Brandshield which halved from it's peak and now biome. Dont worry JW will be fine as he gets in early
to use the words Materially below market expectations is a gunshot to your own foot in RNS terms
Nothing they can do about it but oh dear.
After this morning’s announcement he may find himself 30% down…..
Justin Waite bought 3% of the company as per RNS on 7th June. Now told all is followers so share price is rising.
He always researches well so it's a positive for BIOM, however, as ever he gets his position sorted before telling anyone and then benefits from the share price rise. He's already 30% up