Member Info for alfista

I think the amount already raised, added to the cash at hand at the year end, makes a further cash call unlikely until the manufacturing plant needs more investment. The sp depends heavily on ii involvement, Downing have a plan and none of us know how far up they are prepared to go to grow their stake. Extra ii stake could have a good effect as I think those Provexis holders that were going to sell have already left the building. Those PI's remaining have done their homework and realised what is being built here IMHO. Rome wasn't built in a day. The skip was late.

As they have changed the reporting period to end December, it will take a while to get like for like comparisons. I will say this though. Interims for next year to end June will appear late summer. If this isn't pushing well past £8 million turnover, with the main investment phase drawing to a close, meaning that profits are then being fed to the bottom line, I will call myself for bad judgement. The path was always laid out, investment first, return to follow. I see the Bid keeps nudging back up, they try to shake, but the main holders are not selling, neither am I. GLA

If only Fruitflow had an effect on patience ! Perhaps it does, I take it daily, and I remain very confident that Fruitflow will reward investors, but nowhere near as quickly as most wanted. At the end of the day, nobody makes anyone invest anywhere unless they choose to. If SiS isn't for you no problem. However, to be critical of the CEO of this company you would need to say specifically what he has done wrong here, because I see a strong growth path in to ever widening markets. Fact is, a lot of people were sold on Fruitflow far too early, they jumped the gun trying to get ahead without understanding the path to market. What was being claimed in summer 09 wasn't wrong, just the timeframe to achieve it IMVVHO ATB.

Thanks for the mention in dispatches :-) I have exchanged e mails with Peter over quite a long period, a helpful and friendly FD. This board doesn't attract that much chat, testament to the long term view taken by holders I guess. Still a lot of upside here if the policies followed over the last few years continue IMHO. We hope for the elusive "lollapalooza" year of course, but the growth of earnings, and the (hopefully growing) dividends make this a solid and satisfactory part of my pf.

Think Mrs F will be feeling a bit better off ! Tax reasons I guess.

Well the objective of SiS was to take a sound family business and grow it in to an international brand. That can't be done without investment, and that is the phase we are in. I don't agree with the comment we will see a return in months because profits are some time way IMHO, but the sp will be affected more by those who want to take a stake, and as this RNS reiterates, there have been several new ii investors come on board, and one in particular has upped their holding several times. The company is doing what it set out to do, and it could have done that within the Provexis group, to the benefit of the whole group, but the carpers and whiners didn't want that so it will do it alone. Those who wanted out had a great chance soon after the split, if they are in now it is because they believe in what is happening, which includes accepting the CEO.

Actually there is a mass of detail. Danger of viewing RNS's on a phone, I didn't realise the mass of info below the headline reporting. Exceptionals nibbled a chunk, nevertheless cash at year end was up, and of course that was augmented by the placing funds, so now very well funded to meet the working capital needs. The strong growth encountered on the e commerce platform, grocers and internationals suggests that some areas realised lower sales, and that has to be the specialist shops. That is a reality that so many products are seeing, as busy consumers buy more and more online and with their weekly shop. Profit margins. Particularly pleasing to see Gross Profit rise again, which provides an emphatic counter to those who claimed that management would slash and burn to produce sales. That did not happen, margins not just maintained but enhanced, mainly, I suspect, due to higher direct sales. During the current period I would expect to see Gross Profits lower due to bulk sales for export, part of the new selling mix that will create further growth. I take the comment that current performance is in line with expectations to mean similar 20%'ish growth, which would be excellent. The purpose of all the sales investment is that once investment tapers off with sales at a much higher plane, net profits, and cash generation, will become hugely impressive. That stage is still years away though, clearly there is a lot more growing ahead IMHO

Scant on detail, but about as expected. Growth of international sales is key to current phase. Looks like a good start has been made. Growing that division was always going to incur expense of personell and travel, surely all can see that. Establishing SiS as a world brand is the driving aim at the stage.

Well they upped the Ask again at close. As long as holders are aware that we are in a rising Sales phase, not yet the Profit phase as marketing investment will be soaking up resources, then the reaction to the figures should be good. Absolutely no guarantees in the current market climate though IMHO, sales could be utterly brilliant and it could still go either way short term.

No not at all, I commented on what I saw as a valid area of the near future, funding. It was your comment about hydrogen cars that demanded a response with my own point of view, which I believe I am entitled to. I stated where I see the positive aspect for this company, which you conveniently overlooked.

None of which produces any benefit to ACTA. Tell me the storage pressure for hydrogen in an automotive storage vessel? In an accident situation, would you like to be sitting next to it? Would you like to be the rescue services, dealing with invisible flames? I think we had better agree to disagree, as this is not the field where ACTA are seeking their market, it is literally a world away from low consumption telecom power units where the economy of solar powered/rainwater fuelled remote location power supplies seems to me to be ACTA's key area.

We have had this discussion way back on here, and my opinion of hydrogen powered cars is that they will be many many years away if ever. My main reason is that the pressurised storage systems operate at levels massively above what would be safe for drivers to handle. By the way, you wouldn't "swap out" your fuel cells, they remain in place but the hydrogen has to be recharged. Storage vessels are too heavy and require huge pressures to store sufficient gas. Barclays recently produced guidance on US energy utilities, downgrading their status on the basis that conventional battery storage is replacing grid supplies already. Batteries are catching up, there are projects ongoing for much faster recharging solutions, already viable for small devices. Nothing is nailed on certain about this form of energy storage, but the current focus on quite small units for telecoms seems to me to be their best chance. IMHO

Real cash outflow for last year, as published, was 2.8 million Year end cash was 2.1 million. Statement also said that cash outflows expected to increase short term. Will there be a need for further funds?

Due Thursday this week. We know more or less where we are at for the past, but what talk of the future can we expect? Exports increased for sure, but lfl sales increases are key IMHO

Upping their holding yet again. 19% is a very substantial chunk. It does give rise to speculation in my mind, but better not discuss it at present, happy with the direction here.

Out of the way for another year without drama. Look forward to news from attendees, then onwards to next update.

A bit naughty there, in fact it is nothing like word for word. Shall I post what it actually says? Nevertheless, I agree it is tipped as a buy so hopefully it will attract more investors.

When you say "tipped in the press" could you tell us which? A bit vague as a claim. Undoubtedly sales will have increased, and continue to increase. However, we are in the marketing investment phase, where resources are poured in to expanding market share and reach. In this phase I personally don't expect profit, but will be happy to be wrong. Increased sales and growing extra business prospects are the things I will be hoping for.

Not me unfortunately. Having been invested here as long as I have it would be nice to meet with the top bods, but work is the taskmaster as ever. Would be grateful for your observations afterwards though.

Puzzled by that comment about shares being illiquid, there looks like a fair amount of daily trades to me. It is true that a major part of the mcap is under the control of very few holders, leaving not that many for others to buy or sell, but surely that would argue for stability rather than volatility?