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Lets hope 2021 going to be a better year , this is worse then expected
Biome Technologies plc announces its audited Final Results for the year ended 31 December 2020.
Highlights:
Final Results
· Another strong year for the Bioplastics division with revenue growth of 65% building on the 81% revenue growth achieved in 2019. The division enters 2021 with a healthy pipeline of customer positions and prospects.
· RF Technologies division revenues reduced to £0.8m due to the ongoing over-capacity in the division's core fibre optics manufacturing market.
· Reported Group loss before interest, interest, taxation and amortisation (LBITDA) of £0.9m (2019: LBITDA of £0.5m), in line with market expectations, with Group operating loss of £1.6m (2019: loss of £1.0m).
· Group cash position as at 31 December 2020 was £1.7m (31 December 2019: £2.1m) with no debt.
Well we will see tomorrow , suspect all the latest RNS are disruption to the Full year accounts which matter more.
70k contract and shares rise more then 40% , not complaining as all good.
Just that in the past follows same pattern the disappointment.
Properly held the shares too long and just a old git.
The value of the US contract was described as significant and essential to support the rapid growth of the bioplastics division. It's way more than 70K. The number isn't disclosed. Probably because it's variable depending on volume and possibly under NDA. The 70K is a bonus rf order they've managed to snag from the same customer as part of the contract.
I’ve held this for a couple of years, watching the slow slide, so yesterday’s hike was welcome. But I couldn’t see the value of the contract - I did see the figure 70K somewhere but wasn’t sure if that was the deal - if so it sounds rather small???
There was a company called Stanleco 10 years + who'd developed a machine for RF sealing of biodegradable food trays. They were going to make a fortune selling the machines around the world as every supermarket took it up! Unfortunately when it came too the process was unreliable when sealing .
This is one of those genuine companies that the SP rises on good news.
Hopefully plenty more to go this year.
They tried, several years ago and prior to the current CEO, to commercialise bioplastic food trays sealed using the RF equipment. I think ASDA did trial it but it never took off....so I’m pleased to see this idea returning and of course actually working.
Interesting interoperabilty between the RF equipment and bioplastics. I had no idea they might be linked. Just thought this company had a very strange set up with two completely different product lines.
The RNS is the most positive article written by BIOM, so I guess the CEO didn't write it.
So the SP should move up to the 2019 amount of 645p shortly.
they should have name dropped the name of the client
Excellent RNA.
Finals results 25th March 2021 - lets hope for margin loses in the group.
The projection for the future more interested in
Fingers crossed
This one at least moved the SP a bit :-)
The 3rd stage is good news part of the 5th stage to full product in 3 to 5 years subject to degrade text of product.
This is second time we have tried and looking promising from 5 years ago.
so we are looking at a loss between £0.5 Million to £1 million a much positive look then 6 months ago
This product can be easily sold in any country so hurry up Biome!
All just words I'm afraid...
https://www.theguardian.com/environment/2021/mar/16/ministers-watering-down-green-pledges-post-brexit-study-finds
At least he was shamed into putting a halt to that ridiculous coal mine.
eh? Bozo loves the climate, net zero carbon and climate change.
I have no faith in Bozo's tree planting plan as he says whatever he thinks people want to hear at the time. He has no interest in the environment. However, there are already a lot of trees planted annually for many reasons and there are other more well meaning countries out there. There's an existing market for BIOM to corner.
Confor has welcomed Boris Johnson’s renewed tree planting commitment – but stressed that new figures show how difficult delivering this will be.
After Boris Johnson included the target of planting 30,000 hectares of trees every year in his Ten Point Plan for a Green Industrial Revolution, Confor Chief Executive Stuart Goodall said:
“The forestry and wood industry welcomes the Prime Minister’s personal commitment to increase UK tree planting rates to 30,000 hectares each year. This is a huge challenge for the whole of the country and, while some progress has been made, particularly in Scotland, current statistics show just how much needs to change if the UK is going to get to this level by the middle of the decade.
“The Prime Minister’s plan coincides with the publication of statistics showing that in April-September 2020, only 763 hectares of land were newly planted with trees in England.
Boris Johnson’s tree-planting pledge to cost £15bn
Landowners say grants must be doubled if they are to meet the prime minister’s ambition of 30 million trees a year
Boris Johnson’s pledge to plant 30 million trees a year could cost taxpayers £15bn over three decades, with most of the cash going to big landowners and farmers.
The money would be needed to pay the owners of land first to plant trees and then to maintain them, says the Country Land and Business Association (CLA), which represents the owners.
In a submission that includes the first costings for the prime minister’s tree ambition, the association will tell ministers they must double public payments for woodland care from £80 to £160 an acre before landowners will do as Johnson asks. The calculations, equivalent to 40p per tree per year, are supported by independent experts. Boris Johnson’s pledge to plant 30 million trees a year could cost taxpayers £15bn over three decades, with most of the cash going to big landowners and farmers.
The money would be needed to pay the owners of land first to plant trees and then to maintain them, says the Country Land and Business Association (CLA), which represents the owners.
In a submission that includes the first costings for the prime minister’s tree ambition, the association will tell ministers they must double public payments for woodland care from £80 to £160 an acre before landowners will do as Johnson asks. The calculations, equivalent to 40p per tree per year, are supported by independent experts.Boris Johnson’s pledge to plant 30 million trees a year could cost taxpayers £15bn over three decades, with most of the cash going to big landowners and farmers.
The money would be needed to pay the owners of land first to plant trees and then to maintain them, says the Country Land and Business Association (CLA), which represents the owners.
In a submission that includes the first costings for the prime minister’s tree ambition, the association will tell ministers they must double public payments for woodland care from £80 to £160 an acre before landowners will do as Johnson asks. The calculations, equivalent to 40p per tree per year, are supported by independent experts. It means that instead of getting about 20p per tree annually for 10 years, as at present, owners would get 40p a year for three decades. This would pay for planting a mix of conifers and broadleaf trees to raise Britain’s woodland cover from 13% of the country to 19%, locking up carbon and combating climate change.
“People are not planting enough trees because it costs too much,” said Mark Bridgeman, president of the CLA, whose 31,000 members own or manage half the rural land in England and Wales.
they like the Tree agenda
@Parpaing - sales are not progressing - yet - that's the point. If you read the RNS it's a quarter of a mill free money from UK Innovate to assist development of the biodegradable tree shelter project to reach commercialization stage. What's wrong with that?
At last, a positive RNS explaining what the company is doing!
We need a new CEO. Someone who understands how to sell and not spend his valuable time talking about mythical climate control. If he knew how many rockets and bombs are flying about each week he would realise that he better focus on his company and not someone else's job.
What we want to know is how the sales are progressing?