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Hello wolf
I had been watching SIS for about 3mths and noticed it was falling yesterday and felt it had to be a big seller ( as you also had observed)
Currency SIS is £13mln with most overheads and upfront costs for new manufacturing facility now done and growth phase initiated and with revneus of £60mln +
I think buying here at 7.5p could offer good value , I will be adding more Tuesday because as you say,the Stephen granite development suggests at least one potential buyer of SIS and he has private equity connections
I wonder if he will add more ?
Certainly an interesting development re Granite (and association with Applied)
If you take a look at Applied Nutrition Limited at companies house (and it’s profitability off half the revenue base of SIS) then it’s not a stretch to envisage why there might be interest in SIS.
It’s a decent chance to consolidate in a fragmented UK nutrition industry with SIS and PHD brands up for grabs- question is, what’s the price?
Expecting £66mln revenues (SIS market value only £13mln at 7.5p)
This asset eliminates proposed substantial 2023 co-manufacturing cost increases and will contribute significantly to profitability. In addition to a transformation in margin, the new line underpins major innovation projects which are expected to deliver incremental revenue in 2023.
· Our USA business this month transferred to The Feed, the leading online distributor of endurance nutrition brands in the region. As well as accessing our core consumer market, the deal results in a strong improvement in expected cash generation for 2023.
· A strategic partnership has been agreed for our already strong Marketplace business with Flywheel Digital, the global leader in Amazon growth delivery. 2023 sales to consumer are showing good growth, and we expect to see outperformance from March because of the new partnership.
· People costs for 2022 were significantly under budget and we expect to hold this cost flat in 2023, despite wage inflation. 2023 will also see a solid reduction in overheads versus 2022. Capital expenditure will be at an all-time low, given we have exited the strategic investment phase in supply chain and technolog
On the form it mentions Stephen Granite Ltd company taking 2% on Thursday 6th April
About
COO of the UK’s fastest growing Sports Nutrition business with its own in house manufacturing facilities.
Executive Chairman of the UK’s largest food tanker Business, Private-equity backed.
Former non-executive of Logistics UK (formerly FTA) the largest trade membership organisation in the UK for the Logistics sector.
Someone took 2% of the company too
See the late Rns at 6pm
It's quite clear a fund with about 4% has been q forced seller (tax year etc?) And has been happening across alot of companies.
Personally I see it as a good opportunity to buy given the positive February update and the fact they raised £5mln only a few months ago at 15p
https://www.sisplc.com/shareholder-information/
It’s Good Friday tomorrow (today now) don’t think he will be. Bless
May be Moony will bring out some rabbit from his bag tomorrow to steady the ship.
Not in here, but keeping an eye for an oppportunity if it presents itself. When an SP crashes 40% without a meaningful announcement; it does make you wonder what's causing drop and what announcement is being lined up behind the scenes.
AIMHO.DYOR.GLA etc...
It was a great price before todays drop, way overdone and for whatever reason, someone needed to shift a lot of shares quickly.
With the protein bar machine coming online, it’s a game changer and opens up some serious margin potential - although no way near as good as adding a bit of starch to water!
If there was ever any serious takeover bids coming in, it’s surely going to be at current prices.
I'm not in and unlikely to buy but 2 things come to mind having just seen this:
1. Surely the dumper wouldn't dump that much in one go as an insider as they would be open to being caught fraudulently trading with inside knowledge
2. SIS haven't released a 'no reason for the drop' rns so I guess they must indeed know of a reason
interesting though......
"massive drop today for no reason". There's always a reason ria20, you just don't know what it is yet.
"think like warren buffet buy on the drops". Wazza wouldn't buy a pile of crap like this, whatever price it eventually drops to.
Just noted that someone dumped 6 million shares at 5.25p earlier (13.08 hrs).
Must be desperate to sell at that level...??
interesting time so sell down (even if a bid isn't forthcoming)
I thought the last update was ok- got the impression supply chain issues were easing, raw material costs have started to fall, investment in the blackburn site completed and should have enough cash from placing for the near future. They were also talking price increases and cost control.
Definitely seems puntable, suppose we'll see
TICKING BACK UP NOW
buys flying in
1mln buy
7.0 - 8.0
going up
buys coming in
They raised £5mln at 15p just 6mths ago
I have added more at 7p
NT to buy any ffs
around 7p looks to be the where the exchange/turnover is taking place, wonder who the seller is?
Certain people on this board should be ashamed with their incessant ramping of this share over the last few months.
THIS WAS 60P 1 YEAR AGO...FILL YA BOOTS TIME
I am dabbling in this and PTR Today as seen undervalued.
massive drop today for no reason...good time to buy me thinks.....think like warren buffet buy on the drops