The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
There was a mark up first thing but investors who bought in at low .20's took their profits I guess? I did :-) Reading the rns gives me confidence for the future of the company and I will buy back in when the dust has settled. That they've signed a debt facility with Fortis Finance shows it's been under heavy scrutiny by a team of geeks who are also confident for the future. Get the cash burn under control and biooooom!
Try this one... http://investorsclub.org.uk/index.php its ok here really. They're all just 'forums' and intended for swapping research and opinions. However, many take the advice of members as 'gospel' and that's when they become dangerous places. Back to biome, buy this f@c king share NOW before they sign up with Tesco, Asda, Sainsbury's, and Morrisons, shaft the Italian patent litigation fraudsters, and build a new Lego Land in Kensington!
Not into currency but might research if I get a min. My take on this is simple, buy and hold. Though I can never resist a bit of profit taking/ stakebuilding. Wish I had the 15:06 buyers cash! I reckon in a couple of years, or even 5+, this will be a happy place :-)
http://www.proactiveinvestors.co.uk/market_wraps/27168/thursdays-most-followed-halfords-group-berkeley-mineral-resources-oilex-biome-tech-27168.html Shares in Biome Technologies (LON:BIOM) surged 15 percent after the company announced that its wholly owned subsidiary Biome Bioplastics has filed a patent application for its innovative new range of bioplastics that are stable at high temperatures.
Further evidence of drive to sustainability and away from oil-based materials / Successful partnering programme for biodegradables / Loss reduced for fourth consecutive year Biodegradable polymer supplier Biome Technologies (Southampton / UK; www.biometechnologies.com) had another positive year in 2010, according to chief executive Paul Mines, emerging in a robust position with an increasing number of customers. The operating loss was reduced for the fourth consecutive year, down from GBP 2.6m (EUR 2.9m) in 2009 to GBP 1.9m (EUR 2.2m) in the 12 months to 31 December 2010. Group revenue was up 24% to GBP 13.4m (EUR 15.1m) on a like-for-like basis, with the loss before tax declining 36% to GBP 2.3m (EUR 2.6m). Following the successful conclusion of a fundraising in June 2010, the group cash position closed at GBP 4.0m (EUR 4.5m). Biome Bioplastics launched 12 new products during the year and widened its raw material base, leading to a 44% increase in revenue growth. The dominant share of the global market for starch-based bioplastics is centred on Europe, but there are now early signs of bioplastic adoption in markets further afield geographically, providing further evidence of the general drive towards sustainability and use of materials that are not oil based. Biome says it is starting to establish a number of small positions in these new territories. Also, it is looking to use reclaimed starch to reduce its cost base at a time when alternative biomaterials based on food crops are experiencing rising prices. Partnerships with large international customers are proving increasingly effective and have led to a market-leading American supplier to the food processing market launching a new range of products based on Biome Bioplastics materials; a leading personal care business has made a similar launch. Chairman John Standen says results for the first two months of 2011 are well ahead of the same period in 2010. He added: “This serves to illustrate the continuing growth prospects for our business in a fast-expanding marketplace.” Published on 31.03.2011
"How can the patent litigation be good for the shares." Investor confidence? I could be wrong of course. Gte went up 400% when they announced it's to be de listed. Nop and sey have good results and go down. And a certain gold mine under development and producing nowt goes north! Sh ittt. Just realised I've missed the 7:30 deadline for the Euro lottery roll over :-(
Thanks for your in depth analysis. I don't think your strong sell opinion is correct as there will be more high 20's - 30's opportunities IMHO. If it goes back to .10 then yes, spot on. But if the patent litigation is resolved (and that could be any day I believe) then this will open .50+ easy. So, I'd say hold.
Paul Mines, Chief Executive, said: "The business emerges from 2010 in a robust position. The successful fundraising completed during the year has strengthened our balance sheet and sales continued to grow strongly in Biome Bioplastics and Stanelco RF Technologies through the period. We reduced the operating loss again, for the fourth consecutive year. We are pleased to find an increasing number of customers are choosing Biome's bioplastics for a variety of end uses and we are making significant progress with a number of innovative new materials" John Standen, Non-Executive Chairman, said: "In the first two months of 2011 the Group's results are well ahead of the same period in 2010 and ahead of the Board's expectations. This serves to illustrate the continuing growth prospects for our business in a fast expanding marketplace. We are well placed to continue delivering on our strategy through 2011 and the Board is confident in and encouraged by the outlook for the business."
Your price predictions could play out perfectly. I'm holding for the long term (5-10years) or til a takeover. I will play the highs and lows depending on the rns's we get though... But that's ultimately for stakebuilding ops as I do believe there's a good future here even with the squillion shares in issue! Thursday will be interesting :-)