Member Info for stt1

Thoth
"orders up fifty times historical levels."

No, they're not... £0.35m to £1.7m is 5 (FIVE) times...

And you claim to be a Chartered Accountant.
lol

Duster,

From your link

"Confirmed orders to the end of June are currently £1.7m with many more still to be processed and compares with an historical order book of £0.35m."

£1.7m orders and 3mnths of that is post fy end, March 31st.

mcap £20m for a company who have just announced £1.7m orders for 6 month period.

Isn't it strange why they didn't mention the orders for their other divisions???

Following on from other distillers...Diageo donating 2m litres of alcohol to Byot's rivals...

Official WHO/CDC advice is to use alcohol based sanitiser, Byot's isn't so their rivals will benefit..

Diageo to donate up to two million litres of alcohol to manufacturers

"Diageo is donating up to two million litres of alcohol to manufacturers in order to enable the creation of more than eight million bottles of hand sanitiser to help frontline healthcare workers around the world fighting the Covid-19 outbreak.

The leading distiller will provide Grain Neutral Spirit (GNS), a 96% ethyl alcohol used primarily in production of vodka and gin, to enable the production of more than eight million 250ml bottles of hand sanitiser in countries including the UK, Italy, the USA, Brazil, Kenya, India and Australia.

The spirit will be made available in supply chains according to local circumstances, working with relevant authorities and hand sanitiser manufactures, in order to ensure the donation is used for maximum impact in protecting health workers and patients."

https://www.dfnionline.com/latest-news/diageo-donate-two-million-litres-alcohol-manufacturers-23-03-2020/

It takes a few minutes for an authorised company director to call a bank and ask for copies of bank statements.
Their shares were suspended because their accounts weren't published within the 6 months from yr end. It doesn't take weeks or months to obtain information about bank accounts.

Thoth
"for £50k its what we call "immaterial". not worth the effort. "

It's accounting irregularity, regardless of the amount. You sure you're a Chartered Accountant???

It's unbelievable that a company cannot locate their bank accounts.
Questions whether there are any other missing accounts, doesn't it? Why won't it happen again this year, resulting in the shares being suspended again?

Thoth,
It's a simple question for a Chartered Accountant, isn't it?
Unless you don't know because you're not a Chartered Accountant.

As you claim to be a Chartered Accountant... what do you think of the company changing auditors, especially as their last accounts were not qualified??

What do you think of the company changing auditors, especially as the accounts were not qualified?

Thoth,

As you claim to be a Chartered Accountant... what do you think of the company changing auditors, especially as their last accounts were not qualified??

"The Directors have made every effort to resolve this matter to our auditorâ„¢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

Frac,
It's not in the past.
Finncap reiterated their 7p today and have maintained a 7p target price for nearly 2 yrs.

Why didn't they increase it today?

Rivaldo,
"Finncap reiterated their 7p target"

Isn't it surprising they didn't increase it? It's been 7p for nearly 2 years..

Look at Finncap's previously targets..

They have been quoting 7p for nearly 2 yrs. and that was a reduction from their previous 9p..

Looking at their past target prices and sp..

fy period, sp on their note, Target price, where sp was following fy - March..

fy2017- Aug 2017, sp 4.6p, TP 9p... actual 3p, down 66% from their forecast.

fy2018-Aug 2018, sp 3.4p, TP 7p... actual 2p, down 71% from their tp

fy2019-Sept 2019 Byot results were delayed due to irregularities in their accounts..
sp 2p, tp 7p....current 5p..

Read the Finncap reports and FORM YOUR OWN OPINION...

Free to access

https://www.finncap.com/our-services/research

Rivaldo,
"A double whammy of a superb trading update "

Why was the TU superb?

What about the change of auditors? Especially as their accounts were not qualified.

That to me is a major red flag.
Do you agree?

Have they also lost the Boots contract?? They were listed over the weekend but as 'sold out'.

Their 1 product at Boots has now been delisted.

https://www.boots.com/boots-anti-viral-hand-foam%E2%80%93200-ml-10231389

Other company's hand sanitiser still listed but 'sold out'.

https://www.boots.com/health-pharmacy/travel-health/first-aid/antibacterials

Swine flu also took months..
Byot had an increase in sales... sound familiar....
They still needed placings...

Also what happened to all those partnerships following the Swine pandamic..

"The significant increase in sales is in part due to the concern regarding swine flu; however it can also be attributed to a greater appreciation of the qualities, efficacy and broad applications of Byotrol. "
"We remain confident of the prospects for Byotrol "

Distributors & Parners

" Healthcare through our relationship with Synergy Health plc in Europe and through distributors in the US
* Food and beverage, both through distributors and direct sales
* Consumer products through our joint venture, Byotrol Consumer Products Ltd. "

Revenues & Cash - placings

"with revenues increasing to GBP1,995,375 from GBP387,852 in the same period last year, albeit that some of the increase has related to concerns about swine flu."
"cash equivalents and receivables of GBP3,527,232 (2008:GBP1,537,820), partly as a result of the fund raising undertaken in Autumn 2008. "

https://uk.advfn.com/stock-market/london/byotrol-BYOT/share-news/Interim-Results/40388101

Yet they still had placings after Swine Flu outbreak...

29-08-15 .. £1.4m
25-06-14 .. £1.25m
25-06-13 .. £0.50m
21-10-11 .. £2.46m

Bob,
Long term holders bailing out??

That was 2 months ago....
They are still seeking partners in US.
They lost the Tesco contract recently.

I said there would be a spike in sales but was expecting closer to 10x.... 5x orders is half that..

Missed opportunity.

£1.7m orders, not profit compared to £0.35m and that includes 3 months post yr end...

£16m mcap... really..

No news of new partners either...

Missed opportunity..

Last year's accounts were not qualified. Now they change auditors... why?

Why didn't they qualify their accounts?

Despite the huge opportunity they are STILL looking for new partners.
No news about US partners or the trial at Target which finishes this week.

There you go..
They only increase their orders by 5x compared to 10x i was quoting..
And that increase includes orders to end of June, so 3 months post yr end.

They DO have supply chain issues as expected..

£14m mcap!!
it seems like the increase sales is already in the price..

The company's accounts are not qualified. Last Sept their shares were suspended due to them not being able to publish their accounts in time. No company should have accounting irregularities.
I haven't seen any rns stating that this has been resolved. Otherwise the risk of suspension again still exists.

"The Directors have made every effort to resolve this matter to our auditorâ„¢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

Eddie,
"The following from FinnCap does not strike me that their view differs from what the company have said THEMSELVES on 29th Jan."

You comparisons are both from the same month Jan 2020, so the broker and company are likely to agree.

My post refers to the expectations for the year, fy2019, against the actuals for the same year..
So comparing Apr 2019 note, when Trmr/rthm merged with Jan 2020 note, for TU for fy2019.

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%!!)

https://www.finncap.com/our-services

Also the merger was supposed to create a company with $700m revenue for fy2019. Yet the update from Finncap shows the actual is around $325m, less than 50% of original expectations.

RhythmOne and Taptica plot merger to compete with Google

https://www.thedrum.com/news/2019/01/30/rhythmone-and-taptica-plot-merger-compete-with-google

Rthm had a history of not backing up bullish comments when it came to actual results.

Therefore, best wait until results to get some clarity. After all they are due in only a week.