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Started: davemk115, 22 May 2024 16:34
Last post: davemk115, 22 May 2024 16:34
Wow, that is one hell of a difference.
Started: Schlum, 29 Apr 2024 09:36
Last post: BigSlick7, 29 Apr 2024 23:10
Losses year after year is unsustainable.
Started: bunsenburner123, 6 Feb 2024 08:24
Last post: bunsenburner123, 6 Feb 2024 08:24
So they burnt through £0.3m in the last three months
They have £0.6m of cash left
That’s 6 months and then it’s game over
Expect a placing within 3 months then
Started: Schlum, 26 Jul 2023 19:09
Last post: Thordon, 20 Sep 2023 21:17
Half years results on 27th September 2023 , as a note was lucky to get in at lowest value sold just over half meaning shares left are free.
Does not happen often but was out of flavour at the time.
Expecting break even or at least small profit , lets hope going by RNS previous.
After many years Biome may just be getting its act together.
Certainly the demand for biodegradable plastic has never been stronger.
Started: finlaysdad, 12 Jun 2023 16:05
Last post: davey50, 22 Jun 2023 08:54
Not surprised on the rise it just has zero liquidity. I tried for 1000 shares at 130p NT and before you know it it's straight up, somebody bought £5k's worth at 149p, great stock if you hold a bit of size you can trickle stock out now and again higher and higher for big profits but getting in is difficult and risky atm
Still nothing, 500 shares NT got to be the most illiquid stock out there
Blimey it's 500 NMS at 130p and some idiot has paid 139p for 600 lol, people like throwing away money
Hi Davey , i have been in it over 15 years , since it was called stanelco . it is absolutely useless , the spreads are always so wide that it discourages trading in it . Im pretty sure if the market makers brought the spread down to 3-5 % a lot more people would trade it .
Started: davey50, 12 Jun 2023 15:48
Last post: davey50, 12 Jun 2023 15:48
Just tested a quote and cannot even buy 500 shares, up on just a few buys, is this stock always this illiquid or is there just a squeeze atm ?
Started: paulwhite82, 7 Jun 2023 13:46
Last post: paulwhite82, 7 Jun 2023 13:46
Started: Barnacle, 24 Apr 2023 11:01
Last post: Jeffrey_Scott, 26 Apr 2023 09:21
Definitely not bad!
Trading update was much better than I expected. Some optimism returns.
Nice rise today, hoping for some positive news on Wednesday.. :0)
Started: Nicnic, 4 Apr 2023 08:30
Last post: Nicnic, 4 Apr 2023 08:30
https://www.bbc.co.uk/news/science-environment-65166859
I'm sure this has been discussed before, huge potential here?
Started: Barnacle, 24 Jan 2023 11:40
Last post: Barnacle, 24 Jan 2023 19:04
From the previous trading statement:
As has been referenced in various trading statements, in the first half of 2021, the business received a commitment from a second US end customer for conversion to our biodegradable coffee filtration material. Whilst the end customer has been purchasing regularly in the last eighteen months at limited levels, the subsequent expected acceleration of revenues has been constrained by various matters. These constraints are now clearing and a substantial increase in orders for this customer has been received for delivery in Q4 2022. Fulfilment of these orders in the coming weeks is expected to double the year's revenues from this source. Further, there are reasonable grounds to believe that this increased offtake rate will persist into 2023.
Good news coming I feel.....
Do we know if there is a trading update this week, looking at past updates it could be on Thursday?
Started: UPshunt, 10 Jan 2023 16:47
Last post: Thordon, 16 Jan 2023 20:45
Biome are in a good place but as always takes time to change habits but legislation accelerates that effect.
One good Factor the Bio plastics are now in one direction regarding growth , with 6 other customers that may sign up.
I am sure bio plastics aren't on the list, so this should rocket.
https://www.independent.co.uk/news/uk/politics/plastic-cutlery-plates-ban-england-b2258243.html
Started: paulwhite82, 3 Nov 2022 14:02
Last post: Thordon, 28 Nov 2022 21:57
Nice post , Company's do not like paying out so alternatives in Bio plastic are way forward.
What i do like is Biome is a pure play in plastics from Vegetation , there are others like ITX but are different angles in commercial terms and no conflict at present.
In Europe we have the standard size for Vegetables which means unshapely ones are disregarded , Biome takes these to be made into bio plastics , as with Tree guards theses are made from trees and end of life are disposed of by compositing away naturally.
Was at Tesco in the Early 90s a new tescos was built the trees plant young with tree guards , guess what theses are now full trees with the plastic tree guards still present plus the rubber band.
Are they removed no , has any one informed tesco NO.
Seems the 3rd quarter has been a good turnround , if any of the other projects come through we may be looking for net profit for next year. albeit small
Over 500k in grants over the past few months, not bad going
A bit of good news.
Last post: swingman, 11 Nov 2022 11:36
Once again with 11% spread, they killed the trades.
Nt to buy £3000 worth
Ticking back up after that drop !!
Gone nt buy a few times this morning
Started: EarlofAim, 10 Nov 2022 09:37
Last post: srk69, 10 Nov 2022 11:16
I agree. SYM is also one of the same. All looks so promising but the sp just kept falling. I eventually gave up and sold out at a considerable loss after 3 years of holding and seeing my investment declining consistently:(
PS. I have to admit that I'm not a current holder but nor am I a "Troll". I used to hold this in the heady Stanelco days, before getting burnt and bailing but have kept a watchful eye since. I saw the share rise this morning and read the RNS and, IMHO, the rise this morning doesn't seem to correlate with what's being said in the RNS. I'd love to see BIOM eventually succeed (biodegradable plastics have to be the way forward) but it doesn't appear to be out of the woods just yet.
Not sure what's driving the rise this morning, relief that the company is still solvent and revenues are rising (not to be belittled in the current economic climate), PIs perhaps reading too much into the 77% jump in quarterly revenues (and ignoring the slippage from Q2 to Q3; the 20% increase in YTD revenues is still respectable) or PIs misreading the RNS i.e. reading "... double the year's revenues ..." and missing the bit on the very next line "... from this source ..."? There doesn't appear, unless I've missed something else, to be anything in the RNS to warrant this morning's 70%+ jump. Importantly, despite the current year position improving, the management's view of expected financial performance in 2023 remains unchanged i.e. significantly below previous expectations (as outlined at the interims).
Don't get too excited it's still Mines running it... lol
didn't post this morning as a Troll would turn up.
Started: neon, 22 Sep 2022 08:33
Last post: shandypants2, 26 Sep 2022 13:47
notice Justin Waite (who was quiet late last week) said on the Sat Podcast he does that he is now out of this - so assume many of his followers will do likewise this week.
Looking at TR1 he declared 3% back in June 2021 but went below that in Nov 2021 , who knows by how much. Interesting there was a profit warning a few days later.
Whatever he had left (probably bought for c£2) he admitted was sold at a loss.
For all his faults he he always very enthusiastic on his holdings and has a lot of followers. He appears quite negative on the BOD now - understandably based on the last few RNSs.
No, they have an agreement with Accelerated Payments Limited:
The Group had a cash balance as at 30 June 2022 of £0.7m (30 June 2021: £1.4m) and no bank debt.
We are pleased to announce that the Group has entered into a receivables financing agreement with Accelerated Payments Limited. This highly flexible facility has been put in place to provide working capital funding, as and when required, as we look to grow the business over the coming months and years.
May be a future fund raise.
Terrible reading ... "· The Board now believes that Group revenues for the years ending 31 December 2022 and 2023 will be substantially below current market expectations with a consequential substantial impact on the Group's loss/profit before interest, taxation, depreciation, amortisation and share option charges in those years
· Despite trading conditions deteriorating significantly, the Board believes the Group has sufficient working capital for the foreseeable future."
magic , not even a positive spin
God help the shareholders here!
Started: Attary, 23 Sep 2022 17:25
Last post: Steve17, 24 Sep 2022 14:29
This was on my watch list, but no longer. Too high risk for my liking.
It's going lower.
This is really cheap at this price never been this low
Only mm makes money with 23% spread
Started: Attary, 23 Sep 2022 09:42
Last post: Attary, 23 Sep 2022 09:42
Bargain at this price well over done
Started: poorinvester, 22 Sep 2022 14:00
Last post: poorinvester, 23 Sep 2022 09:37
My mistake, so 5 million revenue?
Still makes a silly mktcap.
£2.4 mil was for 6 months ?
The Group generated revenues of £2.4m
Pumpky where did you imagine revenue as £8 million ; 2021 final accounts is £5.7 Million
Im afraid that all trust gone with management and our loan agreement will run dry within 6 months.
We trusted this agreement with 2nd coffee supplier to be a game changer event , this is not so and no facts of actual projection except we will still be in deficit in debt.
Debt is only good if you make a profit , hence why share price crashed today.
Can only see a white knight that will bring this private or another company to rescue.
Revenue is £8 million?
Started: Attary, 23 Sep 2022 09:32
Last post: Attary, 23 Sep 2022 09:32
Still going on
If they closed the spread, they would get more buyers, its madness
The spread is close to 20% which put off many from trading.
Tempted to buy but the spread is too high for me.
Panick sellers, my buy didnt even show up on ADFVN