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& although I personally can’t stand Barder & think he is out of his depth, he has a proven track record of getting products to market successful or not! Once it gets to market someone else should take over, but I can understand his frustration from past events as the big boys have f**ked him over but that also shows his inexperience in this area! Get rid of CFO & employ someone or team with the skills necessary to take products to market.
FUM need to return to what they did best R&D, having all your eggs in one basket isn’t helping IMO! Get shot of the CFO she is useless & as far as I can see not adding value!
I for one don’t believe Barder does not know what he has done here! How many people would have reviewed the RNS’s before release?? & non of them could see the fallout from it?? Too many mistakes equals incompetence! Look at FUM’s history sorry but it’s filled with incompetence! I feel when they have done things right it’s been Luck! LO as people have said are just as much to blame as don’t assume they are a silent partner in all of this!
Nothing is going to move this SP up based on break even & profit 2025 comment! Well done Barder you Fwit. Should have just said revenue growth through 2024 onwards with peak sales expected after 5years of £xx!
Oh sorry I need to make a correction they’ve already issued themselves with multi million pound bonuses of half a £mill shares each, which ultimately comes out of our pockets! Nice could they not wait!
I’m struggling to understand this break even comment in 2024 & profitable in 2025! Where are FUM planning on spending their profits in 2024? Can anyone answer this? Are they planning on giving themselves multi million pound bonuses?
Let’s hope for a T/O offer like UPL,
I agree with Surfie what the hell is going on here??? Min £200mill net profit coming, why is this being pushed down??
What a **** RNS! Would have been nice to now the approx revenue expected!
Darky- I agree FUM will be in a better position manufacturing it themselves long term, but there are also many risks still involved & costs gettin it to market. Just trying to get my head round the share price plummeting, and IMO it’s due to the delay in gettin Eroxon to US market until 2025.
Darky- The key performance obligation is taken from FUM’s recent financial RNS, which may explain why the SP has suffered since!
Extract from article??? So much for it not stating that!! “Futura will provide ongoing technical support there is no mention of its involvement in MED3000 manufacture and supply in contrast to the deals for other markets (eg Cooper Health May 2022). This suggests Futura will not have to manage the US supply chain, a costly and time-consuming exercise for a small (relatively) company.”
Trinity Delta’s statement in July stated that Haleon were in charge of manufacturing. But it appears from RNS that FUM are controlling manufacturing?https://www.futuramedical.com/media/2366/futura-medical-lighthouse-230717.pdf
I have some concern about the statement below as FUM must meet I’m guessing manufacturing targets, which to me means Haleon will be slow to market as waiting for FUM & not going to plough money in until those targets are confirmed! May also be reason for SP position as not a done deal!
‘’The key performance obligation, which is expected to be met in 2024, will materially cause all of the £3.2 million to be recognised as revenue at that point in time on the Consolidated Statement of Comprehensive Income.’’ Does this seem correct? or am I wrong?
CFO has managed to raise directors wages from £500k to £1.2mill in a few years, what a job she is doing!!! As well as give herself a hefty salary as well. Plus shares on top Jesus Christ!! Disgrace
Is the grammar policeman about affect or effect! Ive had a bad week so don’t start!
They should have bought shares back from co high, & should have had restrictions to that effect! Idiots!
I’m bitter & hope it gets bought out from under them, as long I get £1 I will be happy f*** Barder & the BOD. Would serve them right for being useless! I’m sorry but he knows how to get a product to market but that’s where it ends!
If it is for sale in Spain why are FUM not releasing news? I’d like a timetable with launch dates for current territories over next few years along with projected revenue just to start! Why not that’s what I expect as a shareholder & so does the market! At the end of the day what they are doing is not working for the SP so change it you dinosaurs!
Nearly 5% of the company, how nice for them also noticed director wage bill was £1.2mill versus £500k 3 years ago and only one extra director.
One thing that FUM have got right is manufacturing it themselves, this means that if they have any issues with licensee’s they can take back the license and re-issue license to someone else.