Member Info for sirmark

Should push back on to the 50's postponement not a cancellation... we're talking a month or two... bargain at this price !

Should start to fly now ... !!! hang on to your seats...short term 15p then back to the 20's

Conrad up 10%

Still here fellas 50mln not sold a share.

Will hold for the next rally.

Changes to forecasts

As part of its FY25 results, management revised FY26 revenue guidance to $4.5m (from $7.0m),

reflecting a shift in production timing ahead of the 1 January 2027 in-store launch with Customer

3. We note that Customer 3 has confirmed the expected launch date and that guidance changes

reflect solely a shift in production phasing ahead of the launch date.

We are therefore revising our FY26 estimates accordingly, aligning revenue to the $4.5m guidance

while holding our gross margin assumption at 38.3%, consistent with our prior estimate and

reflecting the expected mix shift toward higher-margin bulk ingredient sales as volumes scale. On

this basis, our revised FY26E assumes an adjusted operating loss of $1.0m and reported LBT of

$1.4m. We adjust cashflow forecasts, assuming higher levels of trade payables in proportion to

revenue and lower receivables as payment terms improve, with net debt forecasts reducing from

$2.4m to $1.9m.

The outlook remains positive for MicroSalt, underpinned by developing customer relationships

with major FMCG players, new market opportunities and structural tailwinds. As such,

management have reaffirmed their confidence in achieving FY27 revenue guidance of $15m, at

which point we expect the business would be sustainably profitable and cash generative

And has launched MicroSalt fibre as a way to capitalise on the rapid uptake in GLP-

1 weight loss drugs. Management also note discussions with a number of potential

customers, demonstrating that the Group is building its pipeline, increasing its international

exposure and delivering on its strategy of securing recurring revenues to scale the business.

 Forecasts: FY26 forecasts are adjusted to reflect company sales guidance of $4.5m, down

from $7.0m, reflecting a shift in production timing ahead of the 1 January 2027 in-store

launch with Customer 3. Further details are set out overleaf. Zeus forecasts do not include

any material additional customer growth, providing potential upside should new or existing

customers ramp up production using MicroSalt. Gross cash of $1.9m at the FY25 period-end

(net debt $1.0m), is expected to fund the company to targeted cash breakeven in Q4 2026.

MicroSalt

SALT LN - Food Producers

FY25 results: strong progress

ahead of major launches

MicroSalt’s FY25 results demonstrate good progress in terms of pipeline and

business development, with in-line revenue of $2.1m (FY24: $0.8m) reflecting

continued ramp-up of repeat orders from major FMCG customers. Beyond headline

numbers, strategic progress was encouraging; recurring revenues scaled across

three core customers, a 48-month JDA was executed with a global snack and

beverage group, and post-period the Group made its first entry into the UK market.

Looking forward, we note company guidance that a short delay in expected

production timing for Customer 3 will result in sales of $4.5m in FY26 (prev. $7m),

with Zeus forecasts adjusted to reflect this change. While the reduction pushes out

revenue expectations by c.5 months, we are encouraged that FY27 guidance of

$15m sales remains unchanged at this stage and MicroSalt remains very actively

engaged with this customer, aiming for in-store launch on 1 January 2027. With an

increasingly favourable regulatory backdrop including WHO sodium reduction

targets, FDA front-of-pack labelling guidance, and UK advertising and promotional

restrictions, MicroSalt’s solution is increasingly relevant, and the investment case

remains compelling, in our view.

 FY25 results: MicroSalt generated revenue in line with Zeus estimates of $2.1m, up $1.3m

from FY24, reflecting continued ramp-up of demand and rollout with major B2B customers,

including the Mexican subsidiary of a major snack food and beverage company (Customer 1),

with $1.2m of sales in the year. Gross profit of $0.09 (Zeus: $0.4m) flowed through to a

reported loss before tax of $3.5m (Zeus: $2.7m). The Group ended the year with a net debt

position of $1.0m, broadly in line with our estimate of $0.8m, reflecting $5.6m of gross

proceeds from equity issuances in the year. Gross cash of $1.9m was also helped by a draw

down in inventory levels ($0.6m versus Zeus estimate of $1.3m), following strong Q4 2025

B2B orders. With the transition to higher-margin bulk ingredient sales, management expect to

approach cash flow breakeven by Q4 2026.

 Business development: MicroSalt has secured recurring monthly purchase orders with some

of the largest FMCG players in North America and globally. Customer 1 and Customer 2, two

regional divisions of a major snack and beverage producer, generated $1.2m and $241k of

orders respectively from recurring monthly deliveries in the period. The Group also generated

$181k in FY25 from Customer 3 (the North American division of that same FMCG group) and

importantly signed a 48-month JDA that should help to increase international exposure. As

part of a broader rollout, Customer 3 has confirmed a 1 January 2027 in-store launch which

could see revenues potentially scale to $2.6m in FY26 and $8m in FY27. Post-period end

MicroSalt also entered the UK market, after receiving two orders from a UK-based seaso

Up she goes :)

Now more buys than sells on the day so far and worth noting they didn’t drop the offer just the bid to encourage a couple of sells but didn’t have the stock for the discount buyers hence no drop from the 6.2p which remains from the close yesterday

Some shorts covering now maybe !!!

As I said the street knew the write down and some expectations was larger so some seeing this as better than expected either way the sps drop was factoring in the news and now we can move on and get the GDNT IPO sorted was nice to know they had secured funds May 1st so they’re ready to go IPO

SP will be start to grow again !

Everyone knew the the write down was coming that’s why the share price fell from 10-6p

At £15 mln mkt cap I suggest we’re way over sold

We always going to trade at a discount to the book but one third is too cheap

SALT 17mln for next year and with the contracts coming in will blitz past that will end up revising guidance imo later this year !

£41mln Net assets all for £15mln (6p per share)

Let’s get GDNT over the line and we’ll be back to double digits in a heart beat !!

GDNT closer now after they added $2mln May 1st

SALT forecast look good, everything in the portfolio looking strong so to me the bottoms in.

1mln is 6 trades today SP looks to be ready for a huge bounce !!!!

Scrap the 11.5 wow if you’re looking at this stock with your finger on the buy button you can buy at a discount to the 12p placing

Level 2 this morning just a single MM the 12p

Last 12p stock available…. Get it before it’s gone … not to be seen again IMO

Yep the oil will be adding to the coffers !!! SP should get to 8/8.5 imo in the next session or two. All the sellers are out and the buyers sitting on the sidelines will all want to beat each other to the cheap stock as they’ve all been waiting for some good news before buying !!!! The oils wells coming on is just the catalyst to get things moving !

Moving up this week IMO building on Fridays move !!