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Anyone have any ideas
Like I said when BH release concrete plans to put a lot of FF on the shelves . The market is unimpressed ATM.
When that happens I predict 4p within 2 days .
Not sure how much the price will rise on the China news. There are no forecasts available at present. Just 'multiple of current sales values', which to an outsider (not us) means 'multiple' of a £250k - £300k 'revenue' that we previously received from DSM. People breezing over the company info may not get excited by that, understandably. Only people that follow PXS have an understanding of what's going on.
However, we should have a series of positive news now.
- Sept 29th - End of year results for 22/23 - expecting revenue increase (post lockdown boost H2 + Feb/March orders)
- Company funding update
- SAMR approval - we'll need to be notified rather quickly (whenever it be, but should be coming any time).
- BH Orders - this may be with SAMR notification, but may not be.
Dec 29th - Half year results - April to Sept (6 months full revenue from old DSM customers)
We may also get news around DSM and their 'truly global' companies.
By December we should have a much clearer picture than we do now and hopefully that will be reduce the risk of the shares and increase the price.
I still have a few concerns that float around my head.
1) how are PXS funding the production costs for major orders? They are probably going to need to raise funds for it. This could dampen otherwise positive news on orders.
2) IF may not give us good detail about orders, just fluffy nonsense like ‘transformational orders’. Orders after Sept will be reported in the full year results at the end of next Septembers, so we may not get the full picture until then.
3) When we receive transformational orders from China, we will not know the profit margin, so will need to wait until Sept next year to understand that too. PXS didn’t tell us that the DSM deal was rubbish, so we could wait a year to find out that the BH deal is rubbish too. I don’t think it will be, as PXS had other options at the time, so were in a better negotiating position. Time will tell.
4) DSM continue to be a bit rubbish and don’t make progress with FF for gut health. I’ve not seen anything coming out of DSM yet and we have no idea what they are actually doing. What does early commercialisation actually mean?
Saying all that, I’m still thinking of buying some more on Monday, because whatever happens PXS will move into profit and remain in profit with a massive growth potential and that will eventually be reflected in the share price.
I think you are echoing market sentiment in those views.
We know the order size would be a step change over what has been produced before, with the obvious funding requirement, which could be met in several ways.
We know that the margin on existing sales will be much higher, but we don't know how much extra cost of servicing demand is. Profit now? Not sure myself.
We know that gut health is a massive market, but we don't know what early commercialisation means, especially given the glacial pace of developments to date.
Those are known unknowns, will any other unknown unknowns appear? We didn't see the other IP novelties coming. What we need is Fruitflow disappearing down gullets worldwide, and lots of it.
Should BH offer 2p a share then I'd be happy with that.
We thank goodness that you are not running the company. Spend over £40m on research, register global patents, regulatory approvals in many countries of the world and then sell it for about £42m before it’s actually got on its feet.
As you highlighted below PXS need cash , I'd rather see a TO now than more dilution in the form of a farm in ( how will it happen otherwise , bonds ? ) . Past caring now , well done for writing so many words Re PXS though.
Ever
suspect we are cashflow positive now, and am pretty confident that the days of worrying about a potential firesale are well behind us.
If there is an offer it’ll be a cash plus stock in order to manage risk and reward for the buyer - especially as an offer would need to be above £100M given the massive upside that could be billions if the buyer went all out on world domination.
W-don’t-rule-out-DSM-for -takeover-attempt-£
I
We have been waiting 13 years for this to show a return hoping and wishing
Have PXS spent £42 million ?
All we know is what Duttaroy said that over £40m has been spent by companies on research into FF for regulatory approvals etc. can’t remember the details.
Hi wellsite. I think/hope your wrong on a possible DSM take over. Not going to post my reason why on here. Shocked the SP is not at 0.8 plus given this weeks news. I am still adding but at a small level as my ISA is now maxed out. As I said I think the September update and AGM could/should be very interesting. I for one will be there as usual.
5p+ is what we want
Would be happy with 1p quarterly dividend.