Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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In addition you assume I'm an ex employee probably regarding my accurate reporting of staffing facts - conversely are you a current employee reporting on what basis you feel the terminations took or simply yet another Tom, Dick or Harry making assumptions from the outside ? It is irrelevant how long someone has been posting for - or is that yet another basis for your investment portfolio, if someone has been registered and posting on a company for 20 years they are clearly 'in the know' and all they say is gospel ? It's a good job I find clowns entertaining I guess ;)
Your'e efforts at turd polishing are not proving very successful. Perhaps you should try another strategy, one which doesn't provoke such antagonism towards you. I actually feel rather sorry for you. Having invested such faith (not to say money) in this, it must be frustrating for you that not everyone chooses to see only the glorious as you clearly do. And before you reply trying to point out how critical you can be when it suits your purpose, think again as you are more likely than not going to make it worse for yourself. Any criticisms you make are always outweighed with unwarranted bias.
aka PInterest on iii - I have held stock for over 6 years and been posting on iii for years too Quite simple really, talk sense and accurate facts or go elsewhere Where/how I obtain my info is irrelevant but suffice to say I will always ensure I post accurate true facts
How entertaining…do we have an ex-employee making an appearance. A newbie poster who seems to profess a long connection to PIM and likes to pontificate and chuck brickbats about….! Prey, do tell...
Exactly - sales are king (and always have been for PI) The jury are now out on the new guard as they have now had almost 2 years in situ, the share price has halved since they came in, assumption (until proved otherwise) is that the sales have not increased (and maybe even fallen when excluding royalty payments), still a long way off break even, and surprisingly the 3 stage vision unveiled 2 years ago didn't have any specific timescales attached so no real benchmark to measure them by, apart from the fact that it doesn't appear to be progressing very fast ! Hold on tight - this could be a real rollercoaster over the next 12 months, lets just hope we don't crash and burn ! And a final point to H&N, if you were getting paid what I assume is a king's ransom to run a plc (as it enticed him away from a high level secure position at Arysta and a move from the USA to the wet and windy North of England) would you be prepared to sacrifice some of that income to purchase shares in your own company to possibly entice others to follow suit ? I think that answer is a foregone conclusion ;)
Blimey good discussions again here today....
H&N - maybe get all your facts correct too - would you like to enlighten us on any members/groups of staff that left completely of their own accord and who was sacked or subject to redundancy ? I would find your comments regarding this area particularly interesting !! You give the impression of someone who is extremely close to this company and it's products/history but in reality it is starting to shine through that you can actually only focus on recent facts - the same issue that the company management have failed with over the years And yes the share price has improved recently but check the 5 year history as it's still a long way short of previous levels - we are all capable of cherry picking specific periods to suit our argument so try using the whole company history for accuracy, at the end of the day staff/management come and go but the company and its products remain constant - or on your basis would you expect the previous management to still be banging on about how they got the share price up to 45p - 60p at times and therefore were better placed to run the company ?!! Talk sense or spout your own diatribe elsewhere
You make some very interesting, and accurate comments. There are too many who blindly assume that just because someone or another is building a stake that it will inevitably prove fruitful. I think the main problem now is that the company has fallen too far behind. The gravy train will continue on for a little while yet though. I repeat, sales are key, and there is no sign yet of the improvement required.
Finally someone who has seen the same signs as myself over the years ! Sales have constantly been disappointingly below forecast and every single year there has been an excuse or manipulation of the figures - these excuses wore thin years ago with the result that the previous management couldn't raise any more capital without offering massive discount which disadvantaged existing shareholders - imho the previous management didn't deal with the sales issue early enough (and the current team persevered with the same sales team for another 12 months when sales were clearly the bottleneck for company success), groundbreaking products should result in massive year on year revenue increases but this never happened (all the signs of an incapable sales force or incorrect strategy) - lets see how Agrow now performs with the majority of the old sales force in place ! The new guard haven't particularly set the world on fire so far apart from uproot the company from its origins, decimate the workforce and the knowledge within (which commenced with the old team releasing the inventor of the product range - who was then given his 2 year restriction to develop improved products while PI drifted aimlessly along when it should have been leaving others in its wake) The strategy of this company has changed almost annually, it was always seen that the UK would not hold great things for its products so that market was always muted as a low level area of sales and concentration on the Middle East, Europe and latterly the USA (which was seen as a huge market particularly re potatoes as a result of one good season of trial results) Indeed the company was talking of opening an office in the USA when suddenly it disappeared off the radar and potatoes have hardly been mentioned since ! Then 18 months ago this strategy reverted to the UK (odd as they had previously agreed a blanket contract with a partner - surely only a requirement for a clerk to take repeat orders and the R&D team to push new products to them while the sales team could move onto other new zones especially as the UK really is a minute area globally) Now focus has shifted to Brazil so lets's see how sales are developing there in the next set of results - or is this yet another shift in strategy to delay the inevitable and buy management time to earn a living from a plc for an extended period of time when neither the company and its products (or the workforce) are not worthy of shareholder support ! In hindsight maybe the company should have concentrated on R&D alone and stuck with David Marks and just developed products, proved their success in trials, and then offloaded the product for royalty income before concentrating on the next generation of products without employing a complete sales force who appear not to have been capable of taking sales to the next level Interesting times - but please, no more excuses, manipulation, strategy shifts etc
Reggie, calm down dear! Please get your facts straight before slinging mud as it does make you look somewhat daft. I picked you up on basic factual errors, Firstly quoting from broker reports which are years out of date, from a previous broker and under previous management…..naturally enough you don't answer this in your diatribe but try to divert the conversation to other matters. When you are trying to knock a company try using up to date estimates as a yardstick..I kindly supplied you with those latest estimates from Autumn 2012 Secondly, the growing season is a month late and I suggested this may affect when sales come in in the calendar year. This could affect all aggro chems. Not an unreasonable suggestion. They didn't sack all those staff by the way….some left and a core seem to have joined Blezard in his new venture. I agree funds will be tight. They need to get sales uplift to ease pressure; The ever improving margins are a real boon. Resolution of the Arysta debt is a another key thing to conclude. The share price has improved 50% in recent months largely due to II buying. AS Henderson sold out, Hargreave Hale and City Natural Resources have built up decent stakes. Not to forget two experienced, professional investors who have decades of stockbroking, investing experience both took over 3% stakes last year. The CEO bought a 1% stake in the company…not an insignificant amount of capital. So far, this management has done exactly what it set out to do. They are now in the second phase of their plan….sales growth . I hope they are successful. Reggie, try and post relevant information and I wont pick you up for posting nonsense. Have a nice day and good luck PIM
You seem to have a propensity for getting into arguments that make you look silly - I have noted your spats with others on another board. I am astonished that you are constantly prepared to defend the indefensible, promoting this company as if your very life depended upon its success. Your biased views are not at all helpful, and will only serve to make potential investors wary. Why are you putting these people on a pedestal? They have achieved very little in the way of increased sales. They started off sacking just about most of the staff, boasting that cutting costs was the priority. Now they are praising themselves for doubling the workforce. They also fudged a set of sales figures by making it appear that a milestone payment was part of sales revenue. On top of this, they seem to have raised too little additional capital at the last attempt, leaving doubts about future funding requirements. The share price reflects all this and until such time as the sales figures start to show exponential growth I would guess that it will stay depressed. This business has lost a lot of very valuable time in getting it's technology to market in any significant way. It is in danger now of being caught up and overtaken by others with competing products. I am afraid it's now or never in my opinion. For all our sakes I hope they come good soon.
Cheers for the posts Reggie.
Not as pathetic as quoting income forecasts which are years out of date, belonged to previous brokers and long gone ex-management. It is a fact that the growing season is a month late; a little basic research would confirm that and as a result could well delay all aggro chem orders this year, not just PIM's
I must say, I find it rather pathetic to be using a late growing season as an excuse for possible lower than anticipated turnover. Most especially as the year end has been moved in order to align growing seasons with the accounting period.
and if you look at the change of accounting year notice, you won't get the end of july results statement until late November at the latest.
The house broker , has a revenue estimate for year end 2013 of £2.3million. This is from a note from November 2012. We will now get figures till the end of July, but considering the poorer figures at the beginning of the year, a very late growing season and a brand new sales team, I would be pretty happy with anything over £2 million
I recall that I'd previously advised waiting until July before investing here. Substantially increased sales figures are long overdue. Some of the forecasts over the years had suggested that the turnover would be considerably above £7m by now. Clearly we are going to fall well short by that measure, but I am hopeful that enough of an increase will be announced in July. With regard to the issue of the Arysta loan, it appears from what little information has been given, that some accommodation had been made with the offsetting of future sales to pay down the loan. I am still of the opinion that more finance will be required before we reach profitability, but I will be more sure of that when the figures are announced. GLA
Yes come on Reg...?
Arysta deadline friday 31st. What do you think now reggie?
Decision time
have accumulated over 600 000 more shares since the 22 of April. Good to see them continuing to accumulate stock since participating in the placement at the end of last year
No, I don't think so. Nearly all trades over the past 2 weeks have been sells stimulated by the rising share price from historical lows. I am pretty sure there is at least one II, City natural Resources, and maybe a second II trying to accumulate as much stock as possible. It appears there is a large order in the background and the MMs need to generate stock to fill it. All very encouraging.
Wonder if it was your little article on bbbbeeesss, that has stimulated small PI's to have a punt, certainly moving in the right direction.
Thanks for the info, it will certainly be interesting to see how the company perform in the next few months. with my heightened knowledge I shall look forward to the grandstand view.
http://www.guardian.co.uk/environment/2013/apr/28/europe-insecticides-ban-save-bees Maybe we will see Arysta showing a renewed interest in Bugoil and Europe getting on with Bugoil approvals. Perhaps we could see Bugoil used in conjunction/cocktail with other 'friendly' pesticides in the future.