Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Trek
"purchased 1,000,000 and 500,000 ordinary shares"
The recent rise is based on 'hope' that the company signs new partnerships.
The director purchases from only 2 weeks ago show that they were NOT about to sign any partnership deals...
Plus 1m & 500k shares cost around £18k and £9k respectively.... Not really much for Company Officers.
5 months now since they mentioned irregularities on their accounts for fy2019.. Has anyone seen any news on whether their fy accounts have been qualified?
"The Directors have made every effort to resolve this matter to our auditor’s satisfaction, without success. Whilst it may have been possible eventually to obtain a suitable response, the length of time this may have required was indeterminate, and the Board took the decision that the interests of shareholders were best served by publishing the accounts with the consequential qualified audit opinion but resulting in the lifting in the suspension from trading on AIM. Since the year end we have transferred over £86,000 of the aggregate amount from the bank concerned to another commercial bank and intend to transfer the balance shortly"
https://byotrolplc.com/wp-content/uploads/2019/10/2019-10-11-Posting-of-accounts-and-restoration-B-3.6.pdf
today an hour ago - Washington Post - seems like the rates has slowed...rate of new infections falls for 8th day in a row..
RATE OF NEW CORONAVIRUS INFECTION SLOWS, BUT CHINA REMAINS LARGELY SHUT DOWN
https://www.washingtonpost.com/world/asia_pacific/coronavirus-china-live-updates/2020/02/12/c60c3606-4d21-11ea-b721-9f4cdc90bc1c_story.html
Byot is on trial at a limited number of Target stores and the trial ends next month.
No news of an extension to the trial nor any news of signing another retailer.
What will happen when Covid-19 outbreak slows or becomes old news?
Tricky,
" why Tremor are keen to move away into more 'safe' areas."
What are these 'safe' areas?
Trmr are following rthm's model.
As to rthm v DataXu - I mentioned the 'move to fee transparency' Industry Challenge ages ago, rthm's case was to do with 'hidden fees', one of those Industry Challenges. Rthm took legal action against DataXu because they thought they could win - the case came to a close quickly after Singer took over.
Rubicon had a similar case but against the Guardian, which was settled amicably.
Trmr's results confirm the consequences of the Industry Challenges - massive 50% drop in
revenue..
So, what are these 'safe' areas that Trmr are moving into???
3x 1m delayed 'sells' reported today..
"no PR needed .. til we break 2.4p"
Of course the company should be Marketing their products during this unexpected outbreak.. Currently, there's just hope that they will gain partners, which they need...
What will happen when the outbreak becomes old news and they haven't gained any partnerships??? - £10m mcap built on 'hope'!!
Byot financial position - from their latest Annual Report:
Not enough funds for additional capabilities or resources. Maybe that includes supplies during this unexpected outbreak???
"Financial Resources
At the year-end we had cash resources of £2.8m (2018: £3.85m) which is sufficient to finance our ongoing operations and the remaining earnout payments to Medimark’s vendors but not to fund additional resources, capabilities and nationwide marketing expenditure in the US"
https://byotrolplc.com/wp-content/uploads/2019/10/Byotrol-Annual-Report-FY-2018-19.pdf
Byot's fy accounts were not qualified.
Have their accounts been qualified yet?
"" Whilst it may have been possible eventually to obtain a suitable response, the length of time this may have required was indeterminate, and the Board took the decision that the interests of shareholders were best served by publishing the accounts with the consequential qualified audit opinion but resulting in the lifting in the suspension from trading on AIM. ""
https://byotrolplc.com/wp-content/uploads/2019/10/2019-10-11-Posting-of-accounts-and-restoration-B-3.6.pdf
Kewjosh,
"boots sell 1 product"
Glad you agree. I said that days ago, when you guys posted about hand sanitisers sales going through the roof, implying Byot is a major supplier of hand sanitisers.
Yes, IF they sign a USA partner, it should be good for Byot. The point is a 2nd retailer walked when they were close to signing, why? And why has it taken 18 months for the Target TRIAL?
The NHS has always advised soap and water is best.
So you have wholesalers selling bulk, multipacks... suppliers to the NHS...And hand sanitiser being sold directly via Amazon...
You said other retailers as did I - not wholesalers...
Your post 20.31:
"Boots isnt their only retailer come on"
Do you know the difference between retailers and wholesalers??
Retailers like Tesco, a contract which was lost..
TESCO:
"Post year end we came to the end of our licence relationship with Robert McBride plc and therefore to supplying surface sprays to Tesco. This was an excellent arrangement for us for many years, but it has now run its course and we expect to generate higher margin opportunities with better brand equity from other consumer initiatives. "
https://byotrolplc.com/wp-content/uploads/2019/10/Byotrol-Annual-Report-FY-2018-19.pdf
Kewjosh,
"Boots isnt their only retailer come on"
in reply to my point:
My post:
"Boots, however, isn't. And given it's UK and Byot's only retailer for hand sanitiser"
So, tell us what other retailer sells Byot hand sanitiser?
Kewjosh,
"The target with trails ends next month this is a fact the only thing you do know."
Yes, Byot in Target in USA is a trial..
Boots, however, isn't. And given it's UK and Byot's only retailer for hand sanitiser, it should be easier to supply them.. But they've been out of stock all week.
Online:
https://www.boots.com/boots-anti-viral-hand-foam%E2%80%93200-ml-10231389
and check stores in London:
2 out of about 70 stores have some stock
https://www.boots.com/boots-anti-viral-hand-foam%E2%80%93200-ml-10231389
They've been out of stock for a week...
2019-CoroN outbreak was in public domain about 6-7 weeks ago, that's plenty of time to prepare and support a supply chain.
Their sales spiked around a decade ago, following a previous outbreak.. I would have thought they would have learnt from that and had prepared for another outbreak..
Are Byot having problems with their supply chain?
The can't seem to be able to supply more, especially as the CoronaVirus outbreak 1st made headlines around 6 weeks ago...
The trial at Target was initially announced 18months ago as a 12 week trial.. Yet 18months down the line, there's no rollout to all Target stores and the 2nd partner, who was close to signing last May, seems to have walked...
Tricky
" today’s trading update highlights FY19 numbers in line with those announced at the Unruly acquisition"
Well they would do given Unruly acquisition was only a month ago and the rns also contained a brief TU..
Why do you think they didn't mention that weren't in line with Finncap's Apr update and expectations for fy2019?
Read Finncap's notes Apr 2019 and compare the expectations with the recent figures:
Revenues, cash, earnings massively down on the fy2019 expectations announced in Apr.
https://researchlibrary.finncap.com/
Read the TLY newsflow, they are growing fast...
Over the past 2 years the company has grown massively:
Transformed Vocare CQC rankings..
Bought Greenbrooke Healthcare, operating in lucrative London and SE
Started up new Totally Healthcare from existing resources, operating to provide weekend contract staff to reduce operating times...
Lots of NEW contracts across the entire business as well as opportunities to cross sell....
Cash in bank and paying dividends
Now big contract win for About Health...
From the interims:
Planned care division:
-- About Health Limited ("About Health") secured two NEW contracts and four contract extensions
-- Premier Physical Healthcare ("Premier") secured four NEW contracts and extended fifteen contracts whilst also implementing new pilot schemes across prisons and emergency services
-- Totally Health commenced a NEW contract providing the health coaching element of their back to work schemes for the Department of Work and Pensions
Post period end:
-- Vocare secured contract extensions worth c. GBP16.6 million in South West London and Scarborough
-- Key NEW contract worth c. GBP8.3 million secured by Greenbrook for the provision of an Urgent Treatment Centre in Watford, currently being mobilised
https://www.totallyplc.com/wp-content/uploads/2019/11/191105-TLY_Interim_Results-FINAL.pdf
Read up about NHS SBS and you'll see the how big the potential insourcing market actually is...
https://www.sbs.nhs.uk/
Conservatives can continue their NHS plans to improve the service, now that there is a Majority govn, providing stability within the NHS, something that hasn't existed since before the 2016 Brexit referendum...
Mcap £28m!!!
Tricky,
"2019 was a transformational year for Tremor driven by the merger with RhythmOne plc ("RhythmOne") in April."
That doesn't show that they always stay ahead and prosper, does it, which is what you stated in your previous post...
" they always stay ahead and prosper, whilst others fall by the wayside."
We've been here before, haven't we?...
just over 2 yrs ago.. "Transformational", Focus Core in line with industry trends:
"This move follows a transformational year for blinkx, which undertook a broad restructuring to focus on its core capabilities of mobile, video and programmatic trading - in line with key industry trends. "
"It underscores the significant integration and transformation efforts we have undertaken and reflects our Core focus on mobile, video and programmatic trading - the fastest growing segments within online advertising. "
https://www.sharesmagazine.co.uk/news/market/5361435/blinkx-to-change-name-to-RhythmOne
Yet rthm didn't stay ahead and prosper - look at their declining revenues, cash and continuing losses :
Period, revenue, cash, profit/(loss)
Jan 2014 Blog
July 2014 profit warning - following which revenues and cash fell significantly and profit turned to losses
2015: start sp: 260p
fy2015 $214.9m $95.7m ($20.8m)
2016: start sp: 165p
fy2016 $166.7m $78.4m ($92.3m)
2017: start sp: 385p
fy2017 $175m $75m ($18.7m) *(inc Perk acquisition q3 2017)
Nov 2017 - $100m secured credit facility arranged. SVB have first charge
2018: start sp: 280p
fy2018 $255m $27m ($13.8m) (inc Rad1 & Yume acquisitions)
Why do you think it will be any different this time?
Hi Rusty,
Thanks for your post.
Just 1 question - How do you know what I'm posting, you've had me on filter for years, remember and you don't read any of my posts?? ;-)
Plus blnx/rthm, the companies you mentioned have fallen from 2350p to 200p, over past 5 yrs, due to declining revenues, cash and continually making losses, despite their bullish comments at the start of every year...
You should take responsibility for your own actions if you bought at much higher prices despite the many red flags..
Just ONE of your latest posts confirming I'm on filter:
29th Jan 19.17
"Anybody can see any newbies posts and can answer them direct without interference from stt1. I prefer the filter button"
"As I have said it is my opinion and even though I have not read even ONE of its posts since November it still manages to BORE ME."
https://www.lse.co.uk/profiles/rustybucket/?page=2
BACK TO BYOT....
Tricky,
" they always stay ahead and prosper, whilst others fall by the wayside."
No they don't stay ahead. If they did, they would have acted before the 'well documented' Industry Challenges hit and not reacted afterwards.
According to THEIR OWN statement:
"The performance-based division has continued to be impacted in 2019 by the well-documented headwinds which have affected both topline revenue and profitability. "
https://www.investegate.co.uk/tremor-international--trmr-/rns/interim-results/201909240700083776N/
Tricky,
"that dead wood removal is part of the process of realignment to the latest trends."
Yes, fast moving, increasing Industry Challenges, like 'move to fee transparency', GDPR, CCPA, Google's removing of cookies, fewer DSP/SSPs...
They've been removing dead-wood for years... and still declining revenues and cash, increasing exceptionals etc...
This when they called it 'non-core'..
"The Disposal aligns with the Company's stated strategy to draw down its Non-Core product lines in a methodical, cost-neutral manner, and focus exclusively on its Core products and revenue streams in FY2018 and beyond. Importantly, this sale enables the Company to redirect its resources to Core mobile, video and programmatic products - which represent the Company's principal revenue and profitability drivers."
https://www.investegate.co.uk/rhythmone-plc/rns/rhythmone-plc-announces-sale-of-prime-visibility/201703311709292407B/
Read the company/Company's broker, Finncap reports and company interims:
Finncap:
Apr 2nd 2019 - Forecasts for fy2019
Jan 6th 2020 - actuals for fy2019
Revenue: forecast $495m, actual $325m (DOWN 34%)
Net cash: forecast $113m, actual $75m (DOWN 34%)
earnings: forecast $9.8m, actual $1.1m (down 89%!!)
LATEST results: Interims Sept 2019:
Profit warning,
closing several rthm operations,
Still being affected by Industry Challenges,
Perk.com closing down - LOSS OF PREMIUM SUPPLY SIDE, DEDICATED USERS.
The profit warning from the company themselves, is there in black and white - AS EXPECTED.
" This coupled with the weakness in the Performance division year on year means that the Board believe the Company will be marginally behind full year expectations on profitability for 2019. "
The closing of rthm's operations - rthm operations not so good then? - AS EXPECTED
"Several of RhythmOne's products have been discontinued alongside its demand-side platform ("DSP"). The development of RhythmOne's data management platform ("DMP) has also been taken in-house. This initiative created an operational challenge for management, however they believe the decision will markedly benefit the company in the medium-term. The reduced development, maintenance and data centre costs form part of the wider initiative to streamline the Company's operations."
Industry Challenges continues to affect trmr - AS EXPECTED
"The performance-based division has continued to be impacted in 2019 by the well-documented headwinds which have affected both topline revenue and profitability. "
https://www.investegate.co.uk/tremor-international--trmr-/rns/interim-results/201909240700083776N/
Since interims, they closed perk.com -losing millions of Premium Dedicated Users...
plus LOSS OF CASH AND REVENUE from this year...
Perk.com closing:
"Due to changes in the company direction, all Perk applications will be shutting down on December 1, 2019. Users will need to redeem their Perk Points by November 20, 2019, or the p