"This won't hit 240. Look at the charts. There has been a sharp rise each morning and then its drifted down. Today hardly anyrise and now drifting down. Red day today and to the slaughter house Friday. SELL"
Biome Technologies PLC (LON:BIOM) saw its shares jump in mid-morning trading Thursday after its revenues for the nine months to 30 September rose over 50% and above those for the whole of 2017.
The firm, which develops both natural plastics and radio frequency (RF) systems, said in a trading update for the period that group revenues were £7mln, up 56% on the same period a year ago, while revenues in the third quarter had risen to £2.6mln from £1.5mln last year.
Biome added that year-to-date revenues for 2018 had already exceeded those of the full 2017 year of £6.2mln, with 78% of these coming from the RF division, and had also made an underlying (EBITDA) profit in the third quarter.
The group reported a significant uptick in revenues in its RF division as “exceptional” demand for fibre optic furnaces caused revenues to nearly double to £2mln from £1.1mln in the third quarter.
Looking ahead, the firm said it expected the momentum experienced in the third quarter to continue into the remainder of the year.
"Bioplastics are growing fast... and many brands are choosing to absorb the higher costs... In order to do sustainable business and keep customers from paying the price..."
They opened a short yesterday around £2... ouch! When does it need to close? :P
You said it would have yesterday at £2 meaning £1 target. Today it will have at £2.30 making £1.15 target... at least you are raising your target :D ;)
bet you're glad you took the tip now? Don't sell em cheap imo... seems demand is there today... when it goes top riser (its close) people will be trying their best to buy when we are already in :)
Looks like the "gamble" paid off... tipped at £5 last week BIOM is now selling at over £7 with more to come. Revenues look likely to be £10m for this year with mcap of £15m... what PE is that? ;)
•As of 04 May 2018, the Company has 2,363,188 ordinary shares in issue. So far as the Directors are aware, as of 04 May 2018 , approximately 39.32% of the Company’s ordinary shares were not in public hands