Member Info for alfista

Obviously not the reaction so confidently predicted. But why? A line from the RNS puzzles me " Expected operating loss in the region of €1.2 million (including share option cost reversal of €2.4 million as previously announced)" What is the effect of this share option cost reversal? Does it make the operating profit better, or worse? Genuine question. e. "

OK, but as you say, you had one chance soon after the float, so given your opinion of management it is surprising you stayed in here. When they took on this company, it was more than clear to me that in order to get it up to its potential would need a lot of investment, They have already done stage one, with the new factory, the website and the beginning of export. Good start, but there will be several more step ups in capacity required, production and logistics is obviously getting close to capacity. That is the deal as far as I can see. As for Provexis, this is the year IMHO, several new products already, in the bad time to launch, should be more and bigger ones as the year goes on. We shall see.

Aye well, for a start, over five years would take you back to 08. when the Provexis sp was sub 1p, but as usual folks add time on. You talk of the spike, which was to 17 because nobody sold at over, there was a single trade (if it was real) at 23. Fact is, with the benefit of hindsight, those who bought high then we making a big mistake, it has risen far to high far too fast when the project was not even out of the lab at that stage. Makes me sigh when I see folks blaming others for their own decisions, AIM isnt like that is it. They had a clearly stated policy of growth by acquisition, so any holder was factoring in that, and indeed that is what they did. I see many blaming that for the fall in the sp, but I believe it was the lack of market response to FF1, causing delays and much higher investment to create FF2. As for the spike here, yes, selling then could have been a good move in hindsight. As I have a hefty CGT bill anyway, I didnt, and intend to hold for the long term. Each to their own. As for the man selling, yes he did, history, but here they are tied in to holding contracually/ This business is growing, with huge further growth potential, that is the way I am judging it. They will need more cash for the next phase, so if that is a worry folks should act accordingly IMHO, but it doesnt worry me.

That out burst kinda begs the qyestion then doesnt it, why are you invested. Has SiS progressed since it was taken over? Well, sales have risen, and continue to rise, margin has also risen, retail exposure ( more supermarkets, web sales, direct selling started) massively higher. Exports growing strongly in EU and Asia/Pacific, US soon? At the same time, AIM market has been horrific in general, huge disconnect from the main market. So, practical level, shareholder value increased, a lot. Sp level, shareholder value increased a bit since the split. This is three to five away from being a mature, divi paying company IMHO, or arguably a division of a larger multinational sports nutrition outfit which would bring forward the reward stage. Open minded about that, I would think of it as a bonus.

Those are two terrific high profile brands, big congrats to RLA and BL. These guys have a busy time ahead now. The mood of the country is changing, with national news carrying good news stories on employment and business investment. Getting the message out at such an opportune time will surely be high on the priority list. The Group can surely only benefit from this upswing.

Spread stretched a bit more today. Tried a couple of dummy sells yesterday, sell limits very generous.

Makes us look way undervalued doesnt it. The sp has grown considerably since the silly dip it took, but hopefully the march figures will give confidence for a serious rerating here, making todays Buy price look very attractive.

So from here on we must change our language settings. Y'all have a nice day now. Go West young men, and ancient nobles.

Very pleasing to see the reaction to good news. Business on track, debts reducing consistently for a long time now. Looking forward to the full details in March, and very glad I increased my holding a while back, excellent value appreciation of late.

Maybe rename it Silence in Sport ? Provexis most certainly is not going down the pan, just MM jiggling on no news, stuck in that range for a while. Here, quiet time of year, little of mention sporting wise, business growing strrongly by export but I suspect consuming cash for raised stock and debtors, all normal in a growing business. I am expecting more cash to be needed during this year, due to demands on the production facility. Happy to be wrong though.

Like your thinking, and I think it is entirely feasible. Surely businesses like those in this group will prosper as business confidence rises, causing more expansive promotional budgets, not to mention true value being apid for top rate work. The potential is all there, both here and abroad, we can hope that the team turn improving sentiment in to better turnover and margins.

Anpther up day. Both Bid and Ask raised. We really should be zooming through the 30's based on returning business confidence IMHO. Hope for good pointers in the update.

Dobbin and Trigger seem the most appropriate then :-) Good to see Bid raised, clearly we need more volume to aid liquidity.

You going to pop over to the other board and square Puk up? Bit of a relief really, he has been 100 % targetted at me since he arrived, a problem shared is.....

nm

I know that you like to portray yourself as a tipster, and that you have others who follow with highly dubious posts calling live prices all the time. I am not here to take on the whole lot of them. But if you carry on cackling with derisory comments, you know full well that I will use my skills at reading balance sheets to outline just how HIGH risk some of your calls are. As Knigel says, they could issue a shedload more shares if the market shows appetite, happens quite often. Keep your replies to me polite, remove the sarcasm, and have some respect for my FD abilities, nobody needs our spars, and you start them with your frankly big headed taunts.

You know, and I know, that any company with such a successful sales outlook would be able to get credit with no problem. Fact is, the balance sheet is a wreck, due to write offs of previous unsuccessful products, and is in negative territory. they need profit on a large scale to get any value back on the company, hence why I say the directors have no option. Maybe some parts will be sold off, or a rebrand, dunno, but it could fly or could descend if any more write downs IMHO. Only posted here because I saw only the upside mentioned, which isnt fair. Yes, youve got your gain, dont suppose your holding is so high that when you dump it you would leave the others floundering. On my watchlist now, keep it balanced please.

Are my facts, as extracted from the last financials, incorrect?

That the huge downside aspect has not been discussed, namely that, in the opinion of the auditor, the company would be unable to finance itself without the continued support of the director, it wouldnt be solvent. Yes, he has given that guarantee, in the circumstances he has no choice, as an administration situation would probably wipe out all of his equity. Lenders obviously unwilling to allow lending against the order book. High risk, if they can trade their way out of difficulty, big upside, but given that there is nothing tangible on the balance sheet to support any mcap valuem downside risk is obvious. I say this for balance, which surely all investors should consider when laying out hard earned. IMVHO

Not a huge director buy, but Mr Day is a major holder, good to see him increasing his holding.