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Afternoon All,
I understand the interim results will be announced on the 16th, what will be deemed as good and push up the SP? They only take into account sales up to June but the product is going to snow ball over time so will keep getting better each result announcement (one hopes any ways).
What figure would send the sp flying and what figure will tank it? Its hard to say right now if 5 mil in sales is good or 20 mil.
It appears that the sales are going well now on the internet but these figures only go to June which is 3 months ago......
For me, this about the trajectory that the first three months have indicated. I suspect there was an initial surge in sales, when the product first hit the market, then a dip as people with overly high expectations, left negative reviews, which has dented confidence in the product.
I’ve said this before, but will repeat myself, I think the product is overpriced and poorly presented. But, as others have said, it will find its niche and it’s not yet widely available outside of UK and some EU regions.
So, the upshot is that it’s the guidance given for the next 6 months to full year results, which will be important. It will certainly determine whether I decide to continue to hold, or take my current profits. At least this is one stock in my portfolio that has the right colour next to it!
Not sure if it was a typo but interims will be released on the 18th not the 16th.
They've also said the amount they think they will make for the few weeks the product went on sale. They said about 1.5m maybe a bit more.
whatI I hope is they give a very big update on sales since the product launch and how the rollout is going in the EU and the US.
But in the past their interims have been very basic, maybe due to lack of staff and money. But with money in the bank they might produce a more detailed interim report.
Personally I feel we need to wait for the full results in April to get a good understanding on how the product is selling.
My apologies for getting the date wrong. But yes the 12 months results will be better and ideally show sales per a month which clearly shows month on month that sales are going up. The Sp seems to stay around this level until news pushes the share nearer the 60 mark so potentially 20% could be made if the results are good in a few weeks time.
Buildworker I agree its over priced however if your struggling with ED how much would you pay to get an erection? If your older you tend to have more money so I guess Futura are hoping to people will buy it and based on what I have read here its selling well but getting it out to the other markers which boost profits massively in the next 12-18 months.
Also, with revenue rolling in, I’d like to see a big increase in their R&D spend, with recruitment of top class research scientists etc, as at the moment Futura are very much a one trick pony. I think I read somewhere that they have just 12 employees, so most of them will be directors and admin, so who is spearheading the development of next generation products?
Hi Kevin, I agree with you point, desperate people will pay whatever necessary. My pov, I’m 62 and need a little boost now and then, but at £6 a pop I’ll use something else. Scotch bonnet, garlic and ginger works for me!
Paid for my stiffy and it aint happening,fkin slap it on this sp damn it. Where you got that interim date from?
The upcoming Interim Results up to June 2023 will liley 'disappoint' a few.
I project that there nay be some indication of a reduction in the 'net' Burn down, but the Final Results in June next year are where we are likely to see a move into Net Return.
However, the outlook for the Interims will definitely set the scene and I think the BOD will definitely want to paint the best possible Positive Guidance for the full results.
Most of the 'enthusiam' is based around the US marketability. We are unlikely to see any income from European sales for interim period. Sales are only in latter half.
The only viable income may be for the 'Undiclosed initial Payment' from Cooper et al. However, we don't know what that is. The US agreement has an initial £4m up front payment which won't show up aas they will likely be paid/captured in Latter half.
The Cash burn for 2022 was £6.34M. So, if they do get a £1M payment from Cooper then this may bring their interim cash burn to arround the £3M mark. i.e. I expect their cash burn to increase for the 2023 period as I suspect they will have greater outlays/payments relating to marketing activities.
I don't think we will see any sales figures as they would only be 'projected' figures.
The BIG footnote will be a statement or 2 added regarding the current and future sales figures //// since June 2023.
This isn't normally captured as they are future events. But it would be prudent for the Board to give shareholders/market some 'guidance' as to the expected/projected outcome for the full year.
In my view the Full Results will be extremely positive.
FM have the £4M initial payment from US Market.
They may include the Cooper initial payment in the full results as I suspect Cooper would not have paid it before June'23. So possible £1-2M.
Milestone payments are very 'sketchy' as the Cooper payments are 'undisclosed. while the US payments are £5M-£45M over 'several' years (just exactly what is meant by 'several' years). Worst case scenario it is the 5 Year deal period so milestone payments will be in £1M-£5M per annum.
Assuming £1-2M Milestone payments in the full year, this gives FM an income projection around £6M to £7M+.
So, This implies a 'potential' Net Profit declared in the Full results of around £0.5M-£1M+.
Anything above this is extremely positive.
IMHO
Bottom_feeder Please establish your "facts" carefully before putting fingers to keyboard. Your numbers are absolute tosh and therefore misleading to readers peeping into this chatroom.
The financials you claim were clearly informed to the market by RNS on 22nd June 2023 and 17th July 2023.
For the elimination of any doubt perhaps you would be kind enough to cut and paste your earlier message and correct your errant figures. Kind Regards.
Henners: By all means make stupid remarks on other peoples comments such as mine.
there is absolutely nothing wrong with my figures. They correlate with all the previous RNS figures.
If you think they are wrong then why don't you ACTUALLY wirte down the corrected figured rather than simply trying to 'imply' I, or anyone else is wrong.
You seem to think I am somehow 'rubbishingn' FUM. Yet my comment is FAR FROM IT. It is actually saying that the Full Year REport is going to be the Real Story of just how well the company has done.
I even propose that they will become net positive.
So get you own facts straight and stop trying to Troll others.
By all means if you don't like what I say...... then filter me.
P.S. You 'mightt' even notivve that I mark my opinion as £Strong Buy" on all my posts ...... IDIOT!
Too true bottom, this mid term report will only cover the weak launch for 2 months so will give indication as to royalties and maybe actual sales figures, units sold etc. This will be something to try and quantify their success, after that period more countries launched, mass tv adverts in UK and the saudi's will be selling for 3 months uo to year end, and the 4 mil upfront us payment so indeed their full year report will be banging. Id get in now if i wasnt already in, next year may not be around 50 zone prior to that yr end financials. :)
DarthInvestor: I'm already heavy on Fum in my portfolio. I'm almost £50k invested thus far, so hopefully that gives a clue how good I think the future is.
The share market is extremely difficult to call at present and for the next 6 months and I've decided that FUM provides one of the few 'guaranteed' double digit+ returns in the next 6 months.
So FUM is one of those shares I've invested heavily in on the basis that I'm happy to sit back and wait for a very good return.
I seldom ever listen to trolls who try to ramp shares and claim multibagger capabilities.
But.... FUM (imho) is now one of the few I actually think will double my investment within a year.
So, I'm happy to wait up to 12 months to make £50k+ profit.
And shall be topping up regularly.
Really hoping this will prove my loyalty as an actual long term investor.
P.S. as always "STRONG, STRONG BUY"
Gla
My apologies Bottom Feeder for puncturing your raw nerve...........................................
Your figures were inaccurate - FACT.
Please provide me with private contact details and I will gladly devote time to running through your previous email to correct your anomalies.
Like you I am long and strong of this share.