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At an added cost of just 3p per box Slimbiome should not be an irrelevance if the right deal is struct with a Customer such as Kellogg's and with all the science behind it why is it proving so difficult? The indian partner Dr Morepen obviously sees the benefits and will help to make Slimbiome relevant once launched.
The Sweetbiotix Opportunity with Kelloggs is there for all to see.
Crunchy Nut Cornflakes, Rice Crispies, Coco Pops and Frosties are very high in sugar and the 4th, 6th, 8th and 9th best sellers accounting for 16.2M Consumers or 194.4M boxes of cereal all high in sugar content, surely these must all be at the front of the queue for a sugar substitute classified as a healthy fibre rather than an added sugar and the potential revenue for opti is staggering?
H & B seems to be an irrelevance at the moment considering the initial launch in all stores of the slimbiome sachets. I would think revenues would be negligible.
I have mentally written off slimbiome, too niche and too crowded a market. Give me an RNS on sweetbiotix being commercialised any day, that's what I'm holding for and how I hope to make money. if that RNS lands this should double and more.
It's about time Kelloggs embraced sweetbiotix to reduce the sugar content
Also, frustrated that H&B Slimexpert porridge (contains slimbiome) has now been Out of Stock online and Instore for over 1 month now, I thought I would look at Kellogg's equivalent sachets but was horrified at the Sugar content once semi skinned milk was added (H&B already includes semi-skimmed milk powder so is made with added water). The kellogg's variety contains only half the fibre too. Comparisons are; Kelloggs Sugar - 15g, Fibre 2.6g, carbs 33g, salt 0.33g
H&B Sugar - 3.2g, Fibre 4.5g, carbs 15g, salt 0.19g.
Despite this, Kellogg's Oat So Simple range for 2022 was the third most popular Cereal with over 5M Consumers in the UK (see link 1), although with Kellogg's recently losing its Court Case with the Government which means Kellogg's will not be allowed to promote sugary cereals in supermarket special offers it may not remain in that position (see link2).
According to SOH Investor Meets Presentation on 24th May 2023, H&B took 9M tonne for all their products in the last normal trading year in 2020 (2021 Covid year was inflated by overstocking that led to zero orders in 2022).
SlimExpert range comprises shots, meal replacement shakes and porridge; assume even split between the three categories so at £30k per tonne 3 metrics tonne of porridge was used generating £90k revenue for the sale of boxes using 3g slimbiome at 30p per box suggesting 300,000 boxes sold for the year.
Kellogg has over 5M Consumers for their equivalent porridge so assuming 1 box per month consumed per consumer that is 60M boxes, so even if SOH was forced to accept a 50% cut in margin Opti would be looking at £9M in revenues increasing the fiber content and helping consumers feel satiated. My question is, as SOH has already been dealing with Kellogg for Sweetbiotix why has he been unable to cut a deal for Slimbiome?
https://www.statista.com/statistics/301914/leading-breakfast-cereal-brands-in-the-uk/
https://www.bbc.co.uk/news/business-62034220
Just bought some myself and what you pay for is the additional fibre. Compared to Sainsbury's Be Good To yourself Tomato Soup the per sachet differences are as follows:
Sains - Carbohydrate - 13.6g, Sugars 5.9g, Fibre 1.1g, salt 1.02g
Opti - carbohydrate 10g, Sugars 6.0g, Fibre 4.4g, salt 0.38g
A special thanks to SOH for this opportunity.
https://x.com/LEMMINGINVESTOR/status/1778035747511042312
Hope they're worth the money. I do like the flapjacks, and find they work as intended. I can't understand why they always seem to be discounted. Surely they should do away with this "discounted" nonsense and just sell as it is ?
Just ordered three. It's a tad expensive for cup soup. https://optibiotix.online/products/snacksmart-soups
I had another thought about this.
Someone seemed to be selling in large volumes into the good news at around 25p.
I wonder if this was the same people who were replacing their shares in the Raise at circa 20p.
Any thoughts on if this was possible or likely?
The boots deal is slightly delayed. There's an article today in share prophets if you're subscribed which covers this.
As an aside SOH makes the point the uk retailers take a lot of work for not a lot compared to other deals. I agree with what he is doing, concentrate now on the countries with large populations, China, India, USA.
One day a big sweetbiotix deal will be landed and this will rocket. This time next year and all that...
On sale from 23 Feb 2024
https://www.amazon.co.uk/MuscleTech-NitroTech-Weightloss-Servings-Chocolate/dp/B0CW9Y256T/ref=sr_1_8?dib=eyJ2IjoiMSJ9.j2lnQLFdow5hZMjAS0VapCW7FprAvMaME9nY1JiRN4HvrT781gvZsEgS7M6k8dmtsO-TxY7Y589UwAM7D80WZnQZqdpvJTZcQOKnrE58YFmtipjeEXfKCyit0qWOM78_mnAZ504hFCudnRdlMMWKxnp5rQEXmlfh73xirR3Xcyvpv6CfGEporeBmt6gclph5zwx4JSvUj43aTVM85t3H1IVRssG3G6_7ze1OAu8219oEd_S3dfyFnOnFWFpoXl-hlnN2s8LQYrOXgOuV8a4znoOOP-rJq-gNS3CPn2RMe0U.l7IBC4HFcLPQmKexMIM_OJsAmwZ0bGiMPcsNA9ctAT0&dib_tag=se&keywords=nitrotech+ripped+protein&qid=1711647399&sr=8-8
and
https://www.amazon.co.uk/MuscleTech-NitroTech-Protein-Weightloss-Servings/dp/B0CW9Y3LB4/ref=sr_1_10?dib=eyJ2IjoiMSJ9.j2lnQLFdow5hZMjAS0VapCW7FprAvMaME9nY1JiRN4HvrT781gvZsEgS7M6k8dmtsO-TxY7Y589UwAM7D80WZnQZqdpvJTZcQOKnrE58YFmtipjeEXfKCyit0qWOM78_mnAZ504hFCudnRdlMMWKxnp5rQEXmlfh73xirR3Xcyvpv6CfGEporeBmt6gclph5zwx4JSvUj43aTVM85t3H1IVRssG3G6_7ze1OAu8219oEd_S3dfyFnOnFWFpoXl-htmH9UvsX5v_yggSDq5HVnlrEqoHkoMLXVZnm3Bf-fGI.QAePYc7xczEiBqffbdXuz7YDIQOSSlw0c8m3CjlDeZg&dib_tag=se&keywords=nitrotech+ripped+protein&qid=1711647780&sr=8-10
there may be other flavours but you get the gist at least on sale in europe
nowt so far re boots online - as far as i can decipher
mol
Looks like someone worried about their short position
Can't believe folk are still living in hope OPTI. Just another AIM rubbish company, requiring more PI cash because its underlying model working out. Oh, and it has that scum TW actually being long it, with his single biggest holding, if you can believe that.
Avoid.
He did write it. His son provided a balance pov that could have been a little more critical of the fundraise. He did discuss the total raised and discussed dilution. I was expecting something about the ye results. Perhaps he didnt venture this because its a few months off.
I don't follow the logic of it being stock replenishment. Surely the costs of replenishing stock is met by the sale of the stock that is being replenished.
If anything, the need to replenish stock should mean we are on a very healthy financial state based on the profit derived from the sale of the old stock.
On further thought, I worry that we didn't shift that stock as anticipated, didn't get the subsequent revenue and therefore we're in need of extra cash
Believe SOH looks for 50-60% Mark up on slimbiome which is why he has not set up a deal with a Sainsburys or Tesco because they would demand a far higher percentage. Regarding US sweetbiotix partner which is the one ready to launch, no cost to Opti according to the agreement which sees the US Partner bear all manufacturing costs. The RNS makes it clear the money is for marketing costs not inventory
Elrico - what the fundraise ACTUALLY indicates is that Opti has insufficient capital (due to slow sales) to grow the business & that it doesn't want to sell further SBTX stock at its current beaten up level.
#PlacingAsALastResort
TW is pretty good on the avoid/sell/short side of things. On the buy side...not so much. Besides OPTI and SBTX, one could mention KEFI (may yet come good, but has been jam tomorrow up to now), BST, SLE - off the top of my head
Bolt out of the blue: OptiBiotix's #OPTI fundraising, minimal dilution, & strategic growth underscore a glaring market undervaluation at just £20M. With breakthroughs, key approvals, & burgeoning partnerships, it's time the market wakes up to the true value of innovation. #OptiBiotix #UndervaluedGem 💎
https://lemminginvestor.substack.com
Hi Martinu
My thoughts on stock it is usually it held at cost ? Not at a future sales price ?
Trying to work out the cost of stock per tonne and how £much do we need to service the expected sales growth over the next 12 to 24 months ?
Any ideas of the cost per T would be appreciated ?
Oke, I hadn't thought about cost of stock replacement. But a useful reminder to me. Never mind whether you have the actual costs correct. It's plenty. However, perhaps SOH could have pointed this out, for the benefit of slow thinkers like me. Points 1,2 & 3 of the driving sales growth were exactly as Feb commercial update.
Who is going to meet costs of stock for Sweet launch?
Thanks Aquae
Any idea of the cost per Tonne ?
The stock sells for £30K per tonne it does not cost that
From recent RNS below
‘Stock: there was 13.9metric tonne of SlimBiome® taken from stock held by two partners (Maxum and Cambridge Commodities) in 2023 compared to 2022 (up 39%) representing a value of £417K. Stock held by Cambridge Commodities, who supply the UK market including Holland & Barrett and THG, currently stands at 8.5metric tonne of SlimBiome and Maxum, who supply OptiPharm, hold 16.0metric tonne. The Company has commenced manufacture of replacement stock for Cambridge Commodities as it anticipates most of this stock will be used for existing orders planned for delivery in the next few months. Maxum stock use is averaging 1 metric tonne per month. The recent agreement with Costco and the appointment of Ravenswood, a subsidiary of Brenntag, should accelerate usage with the aim of stock replenishment later in 2024. The planned expansion by OptiPharm of its products into Asia and the USA is expected to increase demand for SlimBiome’
We can surmise it costs £30,000 per tonne to produce the core product based on above.
So give or take somewhere near £1M of stock is required as a ball park figure to be able to double sales maybe ?
Rest of the cash as they say on marketing?
With no debt and increased stock then £1.4M raise looks reasonable to fund the planned expansion ?
Any views ?