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The problem is you cannot turn the board from a sow's ear into a silk purse without changes
Sphinx100,
That is very likely and I am pretty sure it is going to happen sooner that later. I repeat time is the best thing to tell you.
Of course if the Samr approve ff or if DSM ever release anything (unlikely) then we are looking at substantial multiples of that !
Dippy, so you're predicting a percentage increase of the SP by Ca 3500% and a market capital of about £500 million. That's quite a leap I think you'll agree! I think there's more chance of Corbyn being the next conservative PM.
So £280k + £70k for ff+ sales ,looks like H1 will be £350k. There’s £155k for H2 2024 . With a good H2 we could be looking at £800k - £900k 2024
DP
the results show lots going on
More staff (costs and pension up)
DSM paying us monies now
The whole stucci around best by suggests to me we don’t want their stock now as presumably is cheaper to source new.
Sales 435k, on annual basis equates to less than 12k users if 10p a shot. Even at 5p a shot less than 25k users.
- i. e badger all
The quicker DSM become just a customer, the better.
W-?-$
Yes it will be 18P or more. If you do not like it you can leave it ASAP.
Says 18p
I'm kicking myself. When it was 1p. And I just thought this will fly one day. But now looking at this. It's not going anywhere. So from 2009 to now we still at this sp.
I have been looking at the accounts ,losses are increasing and profit is declining, we should have higher profits ,two years running revenue is falling
A step back in time with not only but also..........
https://www.youtube.com/watch?v=kuEaDBRQnl0
mol
Well done for taking the hit and getting out I was 50% under at 1p , should have taken the hit. Oh well greed made me not want to have a loss.
How much is a 'office' in Ireland going to cost and why can't an UK manufacturer be found ? that way anyone in the EU who wants FF can pay the tariff not us. Also why wasn't this foreseen long ago Brexit was 2016 ,7 years ago. I have been busy doing my work I shouldn't have to do IF's for him.
IF and Buck should be on warrants not wages they have been failures . Going by what you have seen how much an hour are they worth ? £5 ?
Evening colbaltblue
jees that was a quick response from a non shareholder
mind i'm not in here either - just commenting on a previous holding - against generally my usual position
just thought it strange
mol
1. Accounting policies (continued)
Going concern (continued)
The Company has needed to hold Fruitflow II SD in stock from 1 January 2023 onwards, to sell to new and
existing customers, and the Company therefore agreed to purchase from DSM the remaining stocks of
Fruitflow which DSM held on 31 December 2022.
It was originally intended that the Company would pay DSM for this inventory over the course of a three month
sale back period, commencing on 1 January 2023, with the Company having the option to purchase some but
not all of DSM’s remaining stocks of Fruitflow at 31 December 2022.
The Company and DSM have been in further negotiations around the inventory transfer throughout the course
of 2023, and the parties expect to be able to conclude these further negotiations in the coming months. The
amount of stock which the Company will finally elect to purchase from DSM remains uncertain, and it will
ultimately depend on (i) the best before dates of this inventory, which remain favourable / long dated in light of
recent production runs of new Fruitflow material, (ii) recent stability data which suggests that the best before
dates could be further extended, (iii) estimated customer demand in 2023/24 and beyond, (iv) the comparative
costs and timing of a potential production run for a new batch of material and (v) the Company’s financial
resources at that time.
Based on its current level of cash it is expected that the Group may therefore need to raise further equity
finance, or potentially new loan finance, in the coming months, a situation which is deemed to represent a
material uncertainty related to going concern.
Considering the success of previous fundraisings and the current performance of the business, the Directors
have a reasonable expectation of raising sufficient additional equity capital or new loan finance to continue in
operational existence for the foreseeable future. Subject to the outcome of ongoing negotiations with a third
party, the Company might also be able to hold some of its future stock requirements on a consignment basis,
only paying for the stock when it was required for sale. For these reasons the Directors continue to adopt the
going concern basis in preparing the Group’s and Parent Company’s financial statements
mol
The Directors have identified the following principal risks and uncertainties that could have the most significant impact on the Group's long-term value generation.
Funding and other risks
Provexis has experienced operating losses from continuing operations in each year since its inception. Accordingly until Provexis has sufficient commercial success with Fruitflow to be cash generative it will continue to rely on its existing cash resources and further funding rounds to continue its activities. While Provexis aims to generate licensing and sales revenues from Fruitflow, there is no certainty that such revenues will be generated. Furthermore, the amount and timing of revenues from Fruitflow is uncertain and will depend on numerous factors, most of which have in the past been outside Provexis' control due to the terms of the Alliance Agreement. It is therefore difficult for the Directors to predict with accuracy the timing and amount of any further capital that may be required by the Provexis Group.
Que? who signed the agreement?
jees you cannot make this up
£26m accumulated losses and continuing
Going concern
Our procedures included:
• Discussing with management their expectations for key elements of the business, their strategy, the resulting cash
requirements and their expectations in respect of the company’s ability to raise additional finance.
• Reviewing management’s forecasts and considering their reasonableness and the appropriateness of key
assumptions used in their preparations.
• Reviewing the relevant disclosures.
Key observations
Management have concluded that the going concern basis remains appropriate, but subject to material uncertainty as
outlined in note 1 to the financial statements. Based on our procedures, we are satisfied that this conclusion and the related
disclosures are reasonable.
mol
It's because the Provexis story is dead and the ship sailed years ago. Nobody cares. Same old story year after year.
On aim
that a company releases its year end results and 4 share trades are recorded
mol
Cost of goods doubled
R&D £237 - why are we spending money we don't have on this ? Surely we have enough R&D
Looks like we are paying DSM top bubble on their stock, no extra margin to be had until all used up.
W-that's-the-bad-news-out-the-way-now-tell-us-the -good-stuff-you-promised-$
Leave it right there Dr_H......
Risks: "unexpected opportunities to develop additional products or acquire additional technologies"
Science in Sport are looking for a buyer..... :)
Totally agree:and DSM turn over a fair few Euros each year:totally reliant on China now
I know the Chinese very well as I worked with them for many years in early part of my career. If they are not sure that they could profit 100s of millions they will not invest 10s of million in all those testing. Time will tell the truth. 18P please IF.
I believe the it was DSM who have developed and applied for patent for that particular health claim Krusty.
So it doesn't seem possible to avoid letting them sell in that market. We still see yoghurts selling for this area, even though they have no EFSA standard on the bacterial effect, if you follow the advert, the claim they are making is on a couple of minerals that are in loads of foods. But with Rachel Stevens fronting it up, I aint going to not watch.
If this was any good Dsm would have taken over ,what a waste of hard earned money
Lots of complaining but no-ones selling?
Buy more, worry less.