PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Interesting to note that Blackwoods is experiencing 'good growth'. The interest in this company has been predominately focused on RedLeg but I've noticed Blackwoods appearing in an ever increasing amount of bars, more so than RedLeg. In addition, Blackwoods seems to sell far quicker than RedLeg in my local Tesco. It would be interesting to see the split in volume between these two products. Have we maybe underestimated the value of Blackwoods relative to RedLeg?
Decent set of results. Would liked to have had Redleg on sale in the US before Christmas but at least we're getting there and the start of Q4 is only a couple of months away, so not long to wait. Most of the growth must had occurred in Q2, as the last trading update was flat, which means the new advertising strategy is working well. Christmas should see significant progress given the addition of Morrisons and Waitrose. Only point I don't get is the statement made regarding currency. Surely by having our exports denominated in GBP, rather than local currency, we've lost out? Happy to hold
Is on offer at £15 again. However, this time there are loads more bottles on display, not just the usual one row on the shelves but three at the end of the aisle. Seems it be more aggressive marketing than previous.
Miton declared their interest following the rights issue earlier this year. I note from the release today they maintain the exact number of shares but that they have dropped below 10% of total shares in issue. This will be due to the recent news that staff options have been offered, which has created more shares in issue.
Not really, as the bid price hasn't budged. This is a common theme with this share price. The Offer price increases on small amounts of buying, while the bid remains static. If it does tick up, I'd expect some selling, as per usual.
Thanks for the reply but revenue and sales are top line entries. The cost of marketing and cost of sales will be deducted from revenue to determine operating profit, so that fact revenue is up 5% doesn't answer the question regarding costs. The company should have clarified this and, in my opinion, it's worrying they have omitted this from the RNS, given that it's always been included previously. While it is great news that Waitrose are now selling our product, it is concerning that the 700 Tesco outlets don't appear to have added anything during the first quarter of the financial year.
Also not included in the news is the change in the cost of marketing, which is usually included. This makes the increase in sales and revenue figures meaningless, as we don't know what the company spent to achieve those figures. Mmm, not best pleased with that release. Seems like the growth has came to a standstill, which, given the new listing since last year, is concerning. Happy for someone to contradict me.
Those figures are a disappointment to me. Am I reading them correctly? How can there only be a 1% rise in sales given that RedLeg wasn't on sale in Tesco this time last year? Surely having it stocked in 700 additional supermarkets would have added more to the top line? Am I missing something?
If you visit the RedLeg page on FB, there is an option to 'order now'. This is a great way in increase sales. Looking forward to the next update, perhaps something next week? We seem to be getting quarterly updates, so information to end of June would be really interesting to view.
Also worth noting that under the 'Future Developments' section the quote reads as follows: 'following an encouraging start to the financial year the group will continue to expand sales' Looking forward already to the next trading update.
the mid year results showed a loss of 89k, so for full year results to report a loss of 97k must mean the company was breaking even by the year end. I would expect we're now making a nice profit, given that these results are for end March.
Yip, exciting times for this company. Accounts next week will hopefully show us at breakeven or very close to it and with significantly increased revenues. The company have also just received approval to sell its strongest brand in one of the biggest markets globally. Next year's accounts could be very interesting...