Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
"Why do you think the HMRC give us Clearance on the special placing" lol Why do you think they have? Do you think its because somehow HMRC realize that ff is a wonder product that will takeover the world? Or maybe just maybe that the EIS is a fairly standard way of getting investment into a small company and as long as the company meets various requirements then they are allowed to use it? Honestly i do worry about some people on here. And yes the good news is directors pay has been protected for a year or 2. But if you think its special (lol) then it is special. (lol)
"Sales in US next? Big ol' market that one." lol and with a war chest of a few hundred k im sure they will crack america. Id concentrate on sales over here first to see if the product is actually viable. Once you take out all the purchases of pxs holders the figures for last year would look pathetic. The were pathetic enough with them in!
"If you'd care to study successive financial updates, you'll see that revenues have increased by high percentages" You still talking about percentages? Its means nothing at this point. (they are actually reducing!) To illustrate my company has increase turnover 1000% for the last 4 years - Year 1 - £1 Year 2 - £10 Year 3 - £100 Year 4 £1000 Does this mean that in the next 2 years we will get to £100000? Very unlikely as the increase in year 1-4 was £999 how will it suddenly increase £99,000? PXS fruitflow income - 2012 £6k 2013 - £37k up £31k 2014 - £4k down £33k 2015 - £38k up £34k 950% inc 2016 - £92k up £54k 240% inc 2017 - £153k up £61k 66% inc The percentages will start to drop dramatically year on year. The big question is can they accelerate the annual increase of £61k last year? If i was a betting man i would say no as a large part of these increases are new products (which has stalled massively) and an improved deal with DSM. (done a few years back) I think Alfie is your expectations much like your PANR (saying it was a good buy at 150p) tip you are not in line with the general view on a share of ordinary investors. You are overly optimistic to put it mildly. This share has been a disaster fro the vast majority of investors. The bod have been the big winners here.
£29k sales for fruitfow plus O Dear (anyone still believe order numbers go up in 1s?) £153k off DSM O dear £382k loss O dear (once you add the share based payment to the directors be around a £500k loss!) A year of strong progress indeed.
Target market of 1 billion eh? Wow thats brilliant. You know i have designed a pair of socks. Now everyone wears socks so i have a target market of 8 billion. That must mean im going to sell at least 8 billion pairs of socks. I wonder why noone else thought of it first? lol Facts are number of new products has dramatically slowed (as predicted) the company is still nowhere near breakeven (as predicted) the share price is still terrible (as predicted) and all the latest news just kicks the can further down the road. Who would of believed 10 years ago that in 2016 turnover would be under £100k and losses well over £400k. Its hard to find a positive here but at least the bod are still on a nice little earner.
The order number jumped over 1000 in August alone. If everyone of those 1000 orders was fro the minimum amount the income for just one month would be £15k. So how do you explain that from End of June to end of September the income was £7k?????????????? Use your noggin. lol
Lol i think you missed the last set of results that clearly showed orders are not going up in 1s. Hence just £7k income for the 1st half of the year. You would expect some initial small increase in buying for the few k it costs for an advert in the express. But like anything whether its good value will be seen in the longer term.
"Following shareholder feedback the Company continues to be focussed on revenue growth. The current growth rate for the sports nutrition market is 8%, the share options will be awarded on a sliding scale for revenue growth between 15% and 30% per annum over the next 3 years. This award replaces the existing 5 year LTIP, the 3 year revenue growth phase of this scheme vested in March 2016, and was then planned to be a profit plan for 2 years thereafter. Following the raising of additional capital in October 2015, the strategy has continued to be focused on revenue growth." I was surprised that they had finally decided to reward themselves on profit. Shock horror they have now changed their minds. You couldnt make it up! Im surprised it still 60p. Turnover is easy relative to profit. For example Give me a million pounds investment. I will give it to someone else & the give me £500k in return. I have a great turnover £500k but also a £500k loss. Its easy to sell products for pretty much what its costing but when they try & increase them what do you think will happen? Turnover is vanity profit is sanity!
Another £2.27m cash reduction between 1st Jan and 30th June. They get through cash like it grows on daft investors! Increasing turnover is simple compared to making a profit. The losses this year will dwarf the £1.73m loss last year. Erm well done?!?!
Increased turnover is far easier to get than increased profit. A company focused on turnover instead of profit is a very dangerous one to be involved in and we have a history of failed companies to back that up but it is a huge improvement on pxs model that is low turnover and huge losses. What overheads exactly did pxs have in the last financial year? The company pxs as it was was as good as finished by 2011 so any restructuring costs would not be in the 2012/13 results. So the 2012/2013 costs of pxs will be similar to 2013/2014 and we know that is around £250k unless you have some inside knowledge of where they have managed to save a further £750k. Its not complicated but you do seem to be struggling. Perhaps shares are not for you and you should sell like everyone else has been. Expect low 50s by the time the next set of results are released.
PXS overheads are around £250K. How could it make a £1m loss? £750k of that loss is now going to be on sis so they will clearly make a fairly hefty loss in figures that we will see in December. This bod has never produced a profit I don't think its going to happen any time soon and like honesty says they have no real need to push for profitability as they are being rewarded on turnover. Im sure most would agree that's a crazy agreement but that's what was signed and I suppose the unbiased remuneration committee will agree they all deserve maximum bonuses whatever the results are again this year.
As honesty says facts are facts. In the last year end results pxs lost around £1m and SIS made £70k ish. A lot of the cost that makes up that £1m loss in pxs has now moved to sis. The £1m loss was partly made up of the bod costs so clearly if that was put against sis last year as it will be this year then sis would be loss making. If you add £700k costs to a business that made a profit of only £200k what do you get? The loss in the next accounts may be increased by expansion but they would of almost certainly made a loss anyway.
SIS IS A LOSS MAKING BUSINESS! Before the company was taking over by pxs it was a profit making company but with the extra salaries it now has it is loss making. It was loss making in the last set of accounts and will almost certainly be loss making in the next set of accounts. Increasing revenues is far far easier than increasing profits.