The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
And might I suggest you refrain from petty name calling - this just serves to highlight you as an immature individual who clearly is not prepared to listen or consider cold hard facts without chucking his dummy out of the pram when questioned If you don't want to listen to balanced clear information then keep your own opinions to yourself - failing that I suggest you purchase a farm to commence your growing season in July and cash in on your crops from the delayed season this year, selling your apples and potatoes in Jan-Mar at hugely inflated prices as no one else is capable of growing crops at that time of year Quite clearly you are not aware that the UK market for apples runs until around the August harvest at the latest when a significant proportion of the stock is placed in storage for release over the rest of the year - apples for instance will not grow in Sept/Oct/Nov in the UK in the event of a delayed spring
Like I have said for the past week - come back to me after it becomes clear in 6 or 12 months ! They have already gained a 4 month window by extending the period, this was to get past the March/April point which was bang in the middle of the main ordering/usage point for the UK/Europe and therefore in the past had created issues This problem no longer applies and a month, or even 2, will no longer cause a problem - a bad or missed season on the other hand is a different kettle of fish as that is simply lost revenue - the secret here is to get your orders in, supply the product, and invoice the goods prior to the customer's requirement (which would be normal practice in any industry) and then the bad season is not as much an issue as you have already made the sale - the kick back would then be possible lower sales the following season as the customer may still have stock left Overall the position is one of contingencies, if the revenue and success of the company in meeting its projected targets is wholly reliant on the British/European weather we are on a very sticky wicket - but basically this is no longer an excuse now the timing issues have been negated with the period change Try and understand that even if the company can fulfill orders overnight for the whole of the UK/Europe (which I assume they could not given the stockholding information at the last reporting point) you are still left with the issue that once you reach the end of July the vast majority of the growing season, even if delayed, has passed and therefore most of the applications and product usage will still have taken place - therefore by July the effects on revenue should be minimal (maybe 10% down on projected forecasts at best - and that's assuming the customer buys the product seperately for each application). Any more of a decrease suggests completely lost sales or that the customer has purchased an alternative product elsewhere The RNS states the obvious, that the late season might affect sales ! It doesn't say it will DELAY sales, it will AFFECT sales i.e. as I point out they will be MISSED sales and therefore not simply fall into the next period
you two fellas clearly don't understand plain english. the company rns affirmed what i suggested weeks ago. the suggestion that the late season might affect sales. the thing that you dimwits have been pooh pooing relentlessly. pride before a fall….i will leave you in peace to enjoy your blind ignorance… have a great day PIMsters
Again - read through my past posts and you will clearly see my views are not one sided at all, and I have been critical of the company, and also praised them, in both guises None of my comments are libellous, they have simply pointed out information, and comments by the company, that are already in the public domain. I have never once claimed the company or its staff have done anything untoward or illegal simply they (both old regime and new) contradict themselves regarding some issues but revenue reporting in particular. At the end of the day though this is the nature of business, and particularly plc's, as they need to keep the story good and will polish the figures as much as possible so they are no different to any other company in that regard and especially when there has been a change in management as it's common practice throughout industry to blame those who are no longer employed - this scenario only lasts for a short time though, as with any scenario in life, before the story wears thin Their story is still a good one, and I continually stress that, and I believe the new team is significantly more capable than the previous one but I don't want to see them undermine their position by following some of the same tacts as they simply shouldn't need to given the promise of the company and its products. They appear to react quicker are more effectively than the previous regime, e.g. disposing with staff that were not effective enough to push the story along, most notably the management and underperforming sales employees (although this was apparent years ago but always difficult to nip in the bud as they needed to keep some sales traction) You have showed nothing, you don't appear to be able to understand simple facts regarding this sector and certainly have not proved me to be inaccurate in any way The market doesn't need to agree with me, just because the SP is ticking up doesn't mean my points are incorrect it just reiterates my point that it is still a worthwhile investment even in its current position I am not looking for confirmation or agreement (or disagreement) from the company or anyone else, this is just my opinion on facts and figures released by the company and the industry nothing more nothing less - and would you really expect the people you mention to actually come out and get involved in my dialog whether it is accurate or not ? They need to tow the line regarding their released information so they are not going to confirm if some of my points are in fact well thought out but then again that is what this forum is for, independent viewpoints in order for us to make balanced judgements on investments I am tired of your blinkered approach and inability to even consider small clear points that make sense, see Reggie's post re revenue timing, therefore until you can illustrate any of my inaccuracies (and not just point out apples and potatoes grow in July) I will ignore your posts
Thank you Reggie - someone who can see my simple logic ! Maybe I over embellish with H&N but then cold hard facts seem to be lost on him ;)
I fail to see how the lateness of the spring season will materially affect sales figures, especially now that the accounting period has been moved. In fact, from what I can gather, even the company are saying only that the lateness obscured visibility of customer re-ordering.
Just to broaden our minds in this wonderful game of Bulls and Bears.... Any chance you Guys good have a look at BLVN,and tell us what the f88k is going on with that share..and why they continue to short the share.....Going forward...
Your views are neither balanced or informative but are extremely one eyed and regularly inaccurate. I have showed this repeatedly yet you continue with your tedious and non-sensical diatribe. I wonder why? What is your agenda? What is your connection to old management/staff who you so slavishly defend? Your criticism of present management is spurious at best and as one poster has pointed out seems to border on the libellous at times……why? What is your agenda? as far as i am concerned you are a waste of time and energy. the market disagrees with you, city natural resources disagrees with you, hargrave hale disagrees with you, stuart bottomly disagrees with you, Richard Sneller disagrees with you, as does the Chairman and the Chief Executive. All of these institutional and sophisticated investors have bought large amounts of stock in the company in the past 9 months. I tend to trust their judgement rather than the highly opinionated rubbish that you spout…goodbye This is all IMHO
You continue to rub people up the wrong way just because you fail to accept anyone elses point of view or balanced informative data, this is quite clear from your postings history both here and elsewhere ! You may choose to email PI and ask them for their historical monthly UK/Europe sales information and then ascertain for yourself whether sales in these territories are actually a possibility after July (or even June to be honest) ! And yes they grow in July, but yet again you fail to read accurately, I specifically said AFTER July as that will tie in with the reporting period and in addition they may grow in July but what proportion of applications would be outstanding at that point in that given situation ? Even if 50% of applications were still outstanding (which certainly wouldn't be the case) an absolute minimum would be that 50% of the sales would already have been processed, and that's assuming the customers didn't buy stock forward, when in reality they will normally purchase the full season's supply in one hit Catch up !!!! What do you actually know about nature and growing seasons ? It doesn't always catchup, a bad/late season can result in a missed season full stop - why do you think PI have been attempting to move into Brazil, USA, Middle East etc etc because the UK/Europe isn't stable/consistent enough, and also the market isn't significant enough to meet their long term targets - it's not just a case of ensuring sales are spread throughout the whole year, although this is a benefit of branching out into other countries the main reason is the limitations of UK/Europe regarding the applications/benefits of the products in these areas and the perceived ceiling of the revenue streams You fail to pull me up on any points I have made thus far regarding PI which suggests you cannot therefore I suggest you stick to what you know and reserve any further comment until after further company announcements at which point I will glady hold my hand up if proved incorrect
both potatoes and apples grow during July!! Inca needs repeated sprayings through the growing season as does Ametros. I suggest you do some research and read up on their application. you may find this website useful www.plantimpact.com The point is really very simple yet you continue to try to obfuscate…i wonder why? the season has started a month late……it doesn't catch up suddenly. look at all the fields and gardens around…that might give you a clue.
Learn to interrogate information H&N - how many crops do you know in Europe that grow after July - or more to the point can be treated with product purchased and in stock ready to use after July ? You continually miss the point ! These will not be delayed sales, if they are not sold (or even ordered) prior to the end of July they will be MISSED sales for this growing year, pure and simple Before you reply with a non sensical retort I might ask you to hold your counsel until the results are released later in the year - and in the meantime trawl through my previous posts and feel free to pull me up on anything that I have subsequently been incorrect on regarding PIM - you may finally decide that my discussion is actually worth considering ;)
Pims all the way here...imho
make your mind up greed is good. seems you want to criticise them both ways….ridiculous! sales are running later than normal this year because the season is a month late. it really is that simple…unless you want to dream up another management sales cover up conspiracy…this is beyond silly now. i will leave it there as you are entering the theatre of the absurd and it is turning into a non sensical conversation. nice tick up today, have to pay 20p to buy now
will snap them up for 45p-50p per share !...Sounds very good..and music to my ears..... Am very Patient.learn that with SOU.......
Not at all - I still believe the story will come good, eventually, and the SP may even reach circa the £2 mark or failing that Arysta (or another big player) will snap them up for 45p-50p per share !
Would you consider top slicing at 25p and leave the rest to run and continue to watch
I don't envisage significant movement, and by that I mean passing the 25p mark, prior to encouraging revenue reporting later in the year Let's not forget we were at 45p not too long ago and this is the level Arysta originally jumped in at - whilst us being fortunate to be showing a 100% and higher margin I'm sure we are all expecting at least double this mark and more for the risk we have taken over the last 6 years or so I guess we are all waiting for the results with baited breath
Nearly 100% in profit now..will wait for results....imho
surely?
Spot on apart from the July sales - I would assume that at least firm orders will have been received by that point so there would be no issue regarding including the order book situation in any announcement to give clarity, particularly as this was the whole reasoning behind shifting the accounting dates ! Personally, even with a late spring, I'm pretty certain European customers would have purchased and even used the product by July - nothing much is going to be required from August onwards surely and they would also buy the stock in good time so at least they have it 'on site' to use as soon as it's required rather than rely on a supplier to turn supply around at short notice when all growers will be requiring the product at the same time ! Also this will be a timing issue yet again as in the event we have a normal/early spring next year there will be 2 season's sales in the next year's financials, exactly the scenario they pulled the previous team up on
Just waiting for the news re. Brazilian distribution partners. One of the key parts of management's expansion plans and the first attempt to get into broad acre crops, a potential game changer. As I suggested, European revenues are running late because the season started a month late. I suspect some sales expected pre. July will now end up post July. I expect clarity on this at the investors' day in July. I was a little disappointed that a portion of the Arysta loan was not converted into stock so retaining more cash. i wouldn't want Arysta having too big a holding but i was hoping for a balancing act there. Cash will be tight later in the year, particularly if sales do not 'kick on'. On the share trading side, things are very positive. There is still an II buyer who keeps mopping up 50k parcels at 18p, probably still city natural resources. This is clearing out weaker holders and those taking profits from the 10-12p ranges. This is setting a new floor for the SP and any good commercial news should see a decent up tick in the SP
All Quiet now.....
Morning,always a difficult decision before a RNS is released these days.
Interesting that the statement refers to Bugoil as TGT 01. Very strange! I would have thought it was trade marked - maybe not.
Good news this millstone has been offloaded ! Sounds like a muted notification that revenue is not yet gaining traction but this will hopefully come within the next 12 months, definitely offset by the good news re the loan though Mention of break-even to July 2013, although I think this may be a little optimistic, but if it is reached we should see a significant uplift in SP