Member Info for soundsplausible

My take from this morning's presentation is that the business is primarily focussed on generating revenue from the two companies it bought in recent years. Any revenue from the SBTX's proprietary IP would be realised over years as opposed to short term, however CRODA deal is producing revenue from bulk sales.

As I read it this is a wish list of projects IPC want to pursue (in no particular order), and they themselves are looking for partners (see last slide). Unless they can bring potential partners on-side soon, we could be waiting a long time for the next phase project update. What would give ORCA the next push up is an update on the other projects it is involved with.

As someone who has been in this for many years this I cannot hide my disappointment with this RNS. It is a warning that profits will not be as previously expected. What annoys me is that years after doing the initial product launch, if it wasn't for sales from other brands (AKA from the companies we have taken over), turnover would still be pretty low. If Croda sales were going well we would have been shouting this from the rooftops, even with a NDA in place. When will SBTX deliver?

£411,000 pd - let's not forget the UK & Dutch North Sea daily production figures.

Toying, that's the problem with the strategy of relying on other companies to drive sales be it Croda or Modi- on paper it makes sense but in reality you aren't in control. SBTX could develop it"s own sales team incentivised for sales delivered and SA and others could start hawking our wears around trade shows. Here they will find company buyers and a place where you can do deals. Instead we went for soft launches, paid internet nobodies who apparently influencer folk and have opened an Amazon account. I like the product but struggle with management's strategy.

That's my biggest issue with SBTX is they have no clue how to sell the core product. To counter this they have bought another company which knows how to sell it's product (me personally think at way too high a price), but the main issue it will be run by a company that has no clue how to sell. Remember a time when SBTX was trusted and prided itself on delivering promises (pre-revenue days). Now we just stumble forward day to day as management don't know how to sell. If only management could see this and bring on a proper sales strategy. :(

Was a 12000boepd not so long ago :(

Jam tomorrow?

For those that have not looked at the TTF prices lately..........
6000bopd net
~10000 MWhrs per day
T/over 10000*290/1.18 (exchange) = ~£2.5M/d
cost is minimal and this figure does not include Laggan.

I listened into Kisto's on-line webchat thing this morning about the merger (abet at the end). AA's sole focus is generating value/money for the shareholders, something he has this knack for. Does Serica's board have the same drive and ability to do the same?

and Serica is over twice the size of Kistos.

So Kistos went to Serica suggesting a takeover/merger with them, with a new company formed consisting of a combined board. Serica said no way and then suggested they take over Kistos with no Kistos board member being on the "new" board. Kistos offer ~25% over and above Serica share price, whilst the counter offer is 4% premium to Kistos's share price.

Interesting times.....

I would guess that the product from SBTX is small change to Croda and one of many products they are working on. If it was to be a big part of Croda's future product line they would be making more noise about it. It is a (very) small gamble on their part but a with big potential impact to SBTX's.

Could it be that a positive trading update RNS will be released prior to the half yearly results being issued?

This should make for interesting reading as it will include figures on sales since the launch to end Dec.

From Energy voice
"The firm has been on the hunt for new acquisitions and said “it is a participant in a process being run by TotalEnergies S.E. (“Total”) to sell interests in certain of Total’s West of Shetland gas assets”. Laggan Tormore is 60% operated by TotalEnergies, with the remaining 40% stake is evenly split between Ineos and Viaro Energy. SSE struck a deal with Viaro Energy for its 20% stake in the project in December 2020, fetching £120million."

~€126 million

According to the 37wk interims posted Kistos has ~€126 of "borrowings" which was to the end of June.

Maverick7 - how do you work this out when the 37 week "interims" were posted in September?

I have been doing some calcs. as to when the final results should be published. With the 37week interim results to 30th June issued in Sept., that should indicate the FY results to end of Sept, should be due soon. These will make interesting reading. Has anyone got conformation my thoughts are correct as to when we can expect FY figures?