Thanks for considered responses. But, still trying to understand the big drop H1. In some ways it's worse than it looks, as we seemed to be getting positive noises on the Slim, Well and LeanBiome side. So it could be argued we could have expected c. £750k H1. However, delays can account for no increase and perhaps small decrease. But what happéned to existing products and deals?
Posted this Q on adv. Any thoughts here gratefully received.
So what happened in H1 this year compared to last for the Prebiotix side? £120k this, £500k last. Unaudited for the former.
Surely we didn't ditch deals with companies to the amount of the difference. Did the companies, en masse, not reorder. Were the companies all amassing debt (getting Opti product and not being able to pay)?
As some have said, the Hut Group seem to be really struggling. So they are (were) not the best of partners. Also, H&B always discounting and running into difficulties from time to time. (This bit before I read AS's Bath update).
Any ideas?
Agree. It feels like we have taken a massive step backwards, regarding Prebiotix revenue. Hopefully there will be some recovery in H2, as suggested. But faith wearing thin.
News on Probiotix revenues might be delayed due to separation from Opti. Who knows what has happened to that side of the business. Though I have more faith in LPldl. But new CEO not yet in position.
From the new partner's website:
"Founded in 2022, NUTRACONNECT is a nutraceutical business growth accelerator for global nutraceutical ingredient manufacturers who are looking to expand their business into the fragmented yet booming Asia-Pacific region. NUTRACONNECT offers end to end solutions to global nutraceutical ingredient manufacturers to build a sustainable foundation for growth in the Asia-Pacific region."
Not surprisingly:
Q3. How does NUTRACONNECT make money?
A. NUTRACONNECT uses retainers and % of sales remunerations model."
"
Agri - great post.
Aandi - even the Tory most committed to net zero, may not be THAT committed. RM should just be "committed" : full stop!!
IMO renewables should go hand-in-hand with affordability. Seems current green tariffs are a little bit misleading.
Published in Lancet.
https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(22)01545-8/fulltext