Yet a decade down the line, Byot revenues from Consumer in latest interims, exc Petcare, was only £35k (yes k, not millions) for a WHOLE 6 month period..
"Headline H1 revenues in this segment were £0.41m versus £0.45m in H1 2018 (as restated). Petcare remains the largest element of day-to-day sales in consumer, accounting for 92% of consumer sales in the period."
It's been 2.5 months since Covid-19 outbreak was announced.
No rns regarding how they are doing, no marketing campaign. No stock at Boots for nearly 2 months - a major supplier of healthcare products, including hand sanitiser. This is an important stage of the outbreak, are they missing the opportunity?
From their Annual Report. I don't think they or anybody else was expecting a sudden drop in interest rates and subsequently £ getting weaker.
"Foreign currency risk The majority of the Group’s cash flows are denominated in Sterling or US dollars. However, currency revenues and expenditure do not match. During the period the Group used the spot market to balance the inflows and outflows. The foreign currency risk is monitored on a monthly basis. "
The pound is weaker this week due to the UK interest rate cut and at it's lowest over the 90 day period... How much of their supply chain is dependent on EU imports?
Exchange rate chart - look at the exchange rate since the outbreak started...
How reliant is Byot's supply chain on importing materials from EU? With the £ getting weaker, imports will cost more.
Brexit:
in their 2018 Annual Report, they stated:
"On Brexit we expect the chemical industry to continue to follow EU rules, that we believe are generally appropriate for our industry for which we are already well-positioned. Our greatest concern is that a no-deal exit could create supply chain issues, especially on incoming raw materials, so we watch political progress with some interest and will take precautionary steps should we need to."
"Brexit The Directors estimate that the Group will sell over £0.5m of products into the EU in FYE 31 March 2020. As such the Group is therefore exposed to negative impacts of Brexit, be it on demand as a result of newly-imposed tariffs or on issues with transport logistics or supply chain. The Directors are monitoring the situation closely."
The Chancellor confirmed emergency funding for the NHS and public services... This should help if there are Service Extensions for NHS 111 providers because of Covid-19.
"£5bn emergency response fund to support the NHS and other public services in England"
Safi "a worldwide economic collapse is much less likely"
I think a worldwide recession is more likely. There were already US-China trade wars before Covid-19. Now there's Covid-19 and a oil price war.
China is a major supplier to the world's markets in all sorts of goods. Losing 1-2 months of business can be the tipping point for any business. Traditionally Jan to March is a busy time for UK holiday companies as many Brits book summer holidays during this period. Italy is in lockdown - I wouldn't be surprised they they need a bailout and the whole EU crisis crops up again.