Member Info for giantsquid

Victoria Taylor, senior dietician "It must be remembered that ingredients with a heart health benefit should only be used as an adjunct to a healthy, balanced diet, not a replacement for one, and they won't be a substitute for prescribed medication" Julian Mellentin, director, New Nutrition, sees a very limited future for heart-healthy added ingredients in food and beverages: "Consumers are over-supplied with options, and anyway, heart-health is not high on their radar". What's more, he believes the competitive environment of drugs and naturally healthy foods puts heart-health added ingredients at a competitive disadvantage: "When people want to eat for heart health, they are faced with a wealth of naturally healthy options, such as consuming more oats or oily fish or eating more dark-skinned fruit, all of which are more appealing and none of which promise to be a magic bullet. And if their cardiovascular condition is more serious, doctors prescribe drugs like statins not foods". Mellentin uses the example of Omega-3 to demonstrate how difficult it is to make a success of adding heart-healthy ingredients to foods, saying "over 95% of food and beverages launched with omega-3 for heart health have been withdrawn. The remainder linger in niches". And having an EU-approved health claim is no guarantee of success. Sirco juice, which secured the first ever EFSA product-sepecific health claim for it's proven benefit to improve blood circulation, is a case in point, "It has never got beyond a super-niche status and sales are far below what was expected" http://mobile.foodmanufacture.co.uk/Ingredients/Heart-health-ingredients-Can-consumers-be-won-over The truth is, if fruitflow ever was going to make it big, it would not have taken anywhere near this long. And that suggests the big retailers just aren't that excited about it - and neither are consumers. At best, fruitflow is a weak product of limited scope and limited demand. The big retailers can, and do, move VERY quickly when they spot a golden opportunity; by now, fruitflow products should be gracing every shelf of every supermarket up and down the land. By now, Provexis ought to have a whole range of fruitflow products - huge diversification. And yet the reality couldn't be more different. After years and years of seemingly crawling along at an absolute snail's pace, PXS progress has been woeful - fruitflow remains a scarcely available product which most people haven't even heard of.

Picked, the only important piece of information you need to know is that I, and no doubt others, will continue to post our opinions here, as and when we like, and as much as we like. Instead of getting all silly and defensive about it everytime one of us posts, may i suggest you use the filter button in future - thanks.

Has someone upset you on the pxs board again with a few uncomfortable home truths? lol

Alfista, i would say if shareholders here have got any sense at all, they'll be selling out of here at the earliest opportunity and running for the hills before the share price tanks any further - which, I suspect, it most certainly will do. Mcap remains a colossal 40 x NAV (not a good place to be) and there remains no justification whatsoever for a £10m market capitalisation. I would say sooner or later, pxs share price will almost certainly suffer an enormous negative correction when Mcap falls to somewhere closer to asset value, which is where it should be (Mcap should be around £1m to £2m tops). And that would decimate the current share price, especially if a further placing is on the way too. This is now, in my opinion, a very high risk investment for all those invested at the current share price or above - one for the shorters perhaps.

Written by Gary Newman, Share profits, 26th Nov 2016 : "If you look at the AIM market it is full of companies that have been promising the earth for years, but have yet to actually deliver much of any real substance. One such company which would definitely appear to fall into that bracket would be PROVEXIS (PXS) which for almost as long as I can remember has been banging on about it's patented fruitflow tomato extract... My big concern here would be that given the product has been around for more than seven years now, and has had a tie up with DSM for more than six years, then surely it would have achieved far more with it already than it has done, if the product ever was going to take off... Last accounts it had net assets of just £142,000 even if sales do continue to grow, there is no way currently that I can see them supporting anywhere near the current level of market cap, which for me makes this very overvalued and definitely one where the stance on the shares has to be to sell... I'd be surprised if the company is able to go much beyond the beginning of 2017 without another placing" PROVEXIS (PXS) seemingly dire fundamentals : Revenue £0.04m Profit for period (0.49)m (loss making) Total assets £360K NAV £250K (LSE) or £142K according to Gary Newman MCAP currently a ridiculous £9.629m (40 X NAV) PXS remains ludicrously over valued with miniscule asset value and no justification whatsoever to support such a ridiculously high market capitalisation. PXS remains a strong sell. Target only fractionally above 0p

pickledonion, I think you have to recognise there is a stark difference between posting "bear comment" and trolling. In my last post, I clearly lay out why I feel bearish about this stock. Firstly, i don't believe in the product - and the falling share price suggests to me that the wider market isn't feeling overly optimistic about the product either. Secondly, the slow uptake of fruitflow products suggests the big name retailers aren't exactly excited by the product - ie, they're not exactly falling over themselves to stock products containing fruitflow on every supermarket shelf up and down the land. Thirdly, there's the small matter that asset value is absolutely miniscule - whilst market capitalisation is ludicrously high in comparison - surely making pxs one of the most overvalued stocks on all of AIM? Then add to that the fact that revenue is negligible and that the company continues to make a loss. I'm sorry if you feel that stating my opinion amounts to "trolling" just because I hold a negative viewpoint that differs from your own ; I don't hold shares here and have no plans to, however, as alfista would no doubt agree, this is a discussion board that is open to everyone to post on, regardless of whether they hold or not, and regardless of whether they have a positive or negative viewpoint. I hope fruitflow makes it big one day - and that pxs shareholders go on to make their fortunes - but I just don't see it happening. Instead, I think there's a real risk here that mcap will tumble to somewhere closer to asset value - £750K to £2m tops. And with so many shares in issue and the threat of further dilution, that would decimate the current share price. I genuinely wish shareholders here the best of luck however.

Kievsky, if you're a shareholder I can understand how much you want (and need) this "amazing product" to succeed. You say it'll be "a well known product within a year" - but how many years have you guys been saying that for? If fruitflow really was as good as you say, then surely there'd be a whole range of fruitflow products on every shelf of every food retailer up and down the land by now? All the major supermarkets would be scrambling to stock the products in every one of their stores - revenue ought to be pouring in by now with production dramatically upscaled to cope with the orders - and yet that doesn't appear to be the case? If a product really is that good, big retailers can and will move VERY quickly - the fact pxs has been trundling along for years and years, seemingly at a snail's pace, with fruitflow still not an especially well known product, says it all. If this product ever was going to make it big, it would have done so by now. Look how big "Reggae Reggae sauce" is now and how quickly it got there - in the space of only a few years it has already diversified into a large range of products that now fill the shelves of every major supermarket and food store - it is a VERY well known brand - these things don't take years at all - if the product really is that good and in high demand big retailers will be all over it. The fact it's taking so long for fruitflow to make it big - is all the evidence you need that the big retailers just aren't that excited about it. As for pxs, the fact is market capitalisation is currently £10m which far exceeds asset value making this a grossly overvalued stock (and that's a fact). And when mcap far exceeds asset value and such a ludicrously high valuation cannot be justified (other than the usual 'well we expect to make it big one day' rubbish) such stocks are often targeted by shorters. I don't think anyone is trying to post "scare tactics" these are just my views and which I'm entitled to post. Perhaps if alfista hadn't spent much of the last two years trolling other people's investments however (shares in which he isn't invested) then maybe others wouldn't have taken an interest in his own investments?

Quibbling about NAV, a few thousand here or there makes no difference. Mcap is still £10m and this is still a ludicrously overvalued stock. I don't do shorting, but if I did...

Surely market capitalisation ought to be at or just above/below NAV? Looking at the fundamentals for pxs, it reads NAV = £250,000 which doesn't sound like very much to me. Can anyone explain then why mcap is currently £10m? That's a colossal 40 X NAV. Why??? How do you justify such an enormous valuation when asset value is so small in comparison? This company makes pills and potions out of tomatoes, does it not? I knew the price of tomatoes was going up but this company just looks ludicrously overvalued to me. I also have a friend who is a dietician and she has advised me to take tomato puree with a little extra Virgin olive oil for heart health, both of which can be bought at your local supermarket for a few quid, tomato puree costing just 50p. The other thing that concerns me is if market capitalisation were to fall to NAV, which is both possible and likely (imho) ie, if mcap fell to, say £1m or less, with 1,750m shares in issue, the share price would be FRACTIONS of where it is today. I therefore see this as far too risky an investment. If NAV were closer to mcap I wouldn't have such an issue, however it isn't - it is a colossal 40 X less than mcap - as such I see a HUGE amount of potential downside for the share price. Good luck to everyone invested here, but it's not for me. I don't short stocks myself but I think it's probably only a question of time before shorters move in here.

I buy my lunch at my local M&S every day and all I can say is the food hall is always very busy and very popular. And M&S food is simply the best - better than Waitrose & way better than Sainsbury's. The food side of M&S is exceptional in terms of products and quality.

http://www.thisismoney.co.uk/money/investing/article-3510860/MIDAS-SHARE-TIPS-UPDATE-bitter-taste-cocoa-grower-rise.html