DYOR - - - - - - - - - Biom Technologies mid-July 2010 AIM
This is the new resting place for Stanelco, the wonder producer of starch-based food-trays...only they didn't catch on.Over the last 10 years to 2010 the 0.1p shares traded abour 2.5p then shot up to 24p during 2005 with promise of Tray-Trials I understand. Within a year or so, they fell to new depths and finished at 0.2p Of course they were full-list then and some were held in ISA's hoping there would be a big profit...only now these are distressed sales as the Company slunk off to AIM, presumably "...to provide better shareholder-value"
Perhaps someone closer to the Co. can explain why the new name is Biome
....rhymes with Home. Often it is done to remove the previous sp-history.
Could it be..so new investors can bask in ignorance, etc. I'm not aware of any "change" in fortune for SEO, rather the reverse.
In my limited experience, the longer the name of a company the longer you have to wait for any return...Huh . . . . . .
. SEO had been a terrible investment.
DYOR.
Can Biome be any worse...?
EDIT ( 24April2017)- "just woken up" -me not BIOME - sp is 154, but I note about June 2013 there was what looks like a CONsolidation . . do I recall many LT investors were sold-short?... as I believe the (new share) numbers were terrible! . . . Anyone?

heard rumours they sold a biodegradable plastic bag!!!!!!!!

Interim results to be announced on 1st September 2011, followed by presentation at Mayfair Hotel on 7th September 2011 (wine and canapes will be served........things must be looking up!)

More likely its the last supper!

Don't suppose they will pay the long time suffering holders our expenses to get to the Mayfair Hotel and a room for the night? I noticed it is wine and canapes (not champagne and canapes)!!!!!! Anything would do to get something out of the company. Obviously I won't be attending haha!!

Logically they must think it's worthwhile - yet I guess Retail Shareholders are a small% of holders.
Two Questions:
1)- Is this a genuine get-rich at last? - NO, the Dirs would be buying and the sp would be up, up, up (I think it's down today- isn't it always!).
2), is this a prelude to a Rights Issue - much more likely IMHO. The only time Co's give Retail Shareholders "anything" is when they want money - and find the City a tad frosty.
(Otherwise they'd do a deal in the City, where we are taken as suckers).I -shan't be going, even if asked.
EDIT: (26Aug2011) Yes i see they did have a City deal for 2m - but that doesn't explain the "presentation do" - BTW where is this announcement? As I don't see any recent RNS.

They have already been to the City and done a deal. { 2.0m debt facility }


Highlights from 5th May Trading Statement.

Group revenues increased by 113% in the three months to 31 March 2011 compared with the same period last year, taking quarterly revenues to 5.6m

Trading performance ahead of the Board's expectations:

- Biome Bioplastics exhibits revenue growth of 96% in the first quarter of the year compared with the same period in 2010;

- Biotec's third party revenues grow at 110% - following easing of a raw material supply constraint;

- Stanelco RF Technologies shows growth of 179% on same period last year

2.0m debt facility announced today will help fund future working capital requirements as the bioplastics business continues to grow

Closing cash position at 31 March 2011 of 3.5m

Board confident in outlook

See post 156 :-)

I expect this to really get a move on next week ..results are going to show a massive upturn in sales and hopefully that has followed through to the bottom line.

RNS Number : 3923N

Biome Technologies PLC

01 September 2011

1 September 2011

Biome Technologies plc ("Biome", "the Company" or "the Group")

Interim Results for the six months ended 30 June 2011

Financial Highlights

-- Group revenue up 55% to GBP10.4m (2010: GBP6.7m)

-- Loss from operations reduced to GBP0.4m (2010: loss GBP1.2m)

-- Foreign exchange gain in period GBP0.4m (2010: loss GBP0.6m)

-- Profit before tax of GBP0.1m (2010: loss GBP1.7m)

-- Cash utilised by operations reduced to GBP0.3m (2010: GBP0.7m)

-- Closing Group cash position GBP3.6m (31 December 2010: GBP4.0m)

-- GBP2.0m debt facility put in place in May 2011 to help fund future working capital requirements as the bioplastics' business continues to grow

Operational Highlights

-- Both the Bioplastic and RF Technologies divisions profitable for the first time

-- 49% growth in Bioplastics Division sales

- 131% growth in sales made by Biome Bioplastics, the UK bioplastics business

-- Bioplastics Division revenues reach GBP8.6m in the half

-- 92% growth in sales for Stanelco RF Technologies (revenues of GBP1.9m)

Paul Mines, Chief Executive said:

"We are delighted to deliver our strongest half year of trading, with revenue up 55% and a step change in growth for Biome Bioplastics. It is especially pleasing that the revenue growth is being reflected in the bottom line and the Group's operating loss has reduced to GBP0.4m.

Looking ahead, we are very focused and excited about being at the forefront of both bringing the environmental benefits of bioplastics to a wider community and continuing to deliver value for shareholders through our improving financial performance".

John Standen, Non-Executive Chairman said:

"These Interim Results show clearly the benefits of the work Paul and his team have put into developing a pace-setting and robust business for the Group over the last four years. It is very exciting to see both of our businesses in profit for the first time; the excellent 131% growth in our wholly owned Biome Bioplastics business; and the Group operating loss reduced to GBP0.4m.

In the first six months of 2011 the Group's results are well ahead of the same period in 2010 and we feel confident that we can continue delivering on our strategy and build the business successfully."

I am very confused. I have read the report and it contains words like "growth", "sales", "profit". What is that all about? This is BIOM after all! ;o)

Well the share price is DOWN 6% :-)

What I would really like to see is the sentence "The board recommends the payment of a dividend of "!

I think I'd prefer a share price that contains 1

I think it is down because people are looking at the basic earnings per share of 0.003 and because of the obsessively stupid amount of shares in issue combined with the profit level divided by the number of shares at 5,884,866,333 (2010: 3,326,431,562).
I think now is the ideal time to go for a share consolidation of at least a 10 to 1 ratio, although I feel a ratio of 100 to 1 is more sensible, (I agree with Skinny on this).

Any company that as a share rice of 0.23p and a total shares in issue of nearly 6 billion can't expected the market to take it seriously.

As to the results, I can't knock them although I bought at an average of 15p plus.
To someone who got in at the bottom when the sp was 0.11 this is turning out to be a decent investment.

What about if you got in at the top?

The directors of Biome Technologies (AIM: BIOM), Fusion IP (AIM: FIP), Mountfield Group Plc (AIM: MOGP) and ZincOx Resources (AIM: ZOX) will be presenting:
Wednesday the 7th September 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)


EVENT DETAILS:

DATE: Wednesday 7th September 2011

TIME: 5:45pm arrival (for a 6:00pm start)

VENUE: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

ROOM: Charles Suite

OTHER: Complimentary wine & canape reception


FREE registration for this event: http://www.proactiveinvestors.co.uk/register/event_details/120

Biome Technologies rated at a fraction of projected revenues, says Edison
http://www.proactiveinvestors.co.uk/companies/news/32814/biome-technologies-rated-at-a-fraction-of-projected-revenues-says-edison-32814.html

Biome Technologies (LON:BIOM) is growing a profitable bioplastics operation yet it is being rated at a fraction of its projected revenues, according to City research house Edison.

Following the publication of the firm's first-half results last week, Edison, in an upbeat note, says Biome has taken further strides towards a break-even position - with progress made in each division.

Although Edison is not currently projecting break even before full year 2013, it has raised its estimates following the first half results and further upgrades are not out of the question, noted analyst Toby Thorrington.

For full year 2011, Edison has raised its estimates (or reduced the expected pre-tax loss) by around 0.3 million, said the analyst.

For the first half this year to June 30, Biomes revenues increased 55 per cent to 10.4 million (HI 2010: 6.7 million), with the operating loss reduced to 0.4 million (H1 2010: 1.2 million loss).

The firm's main activity is the development and sale of biodegradable natural polymers that replace and enhance products made conventionally from oil-based materials through its Bioplastics division. This includes two companies: Southampton-based Biome Bioplastics and Biotec.

Biome Bioplastics is responsible for the marketing and distribution of Biomes bioplastic products, as well as research and development, while Biotec acts as the firms manufacturing unit.

The company also owns Stanelco RF Technologies - a legacy business that designs, builds and services advanced radio frequency systems.

"Biome delivered improved revenues and associated contributions from all three of its constituent companies, with increasing acceptance of its bioplastic formulations being particularly notable," said Thorrington.

"Careful management restricted cash outflow in the period and left a reasonable cash position from which to reach an overall group profit position on a realistic time horizon," he added.

Edison said that Biome's share price had underperformed the wider market (-20 percent compared to -14 percent) since its note on May 11 about the company.

Edison reckons that the firm's key Biome Bioplastics business is being valued at just one third of FY11 sales - growing faster than previously anticipated.

"The profit model is not yet proven, but the company is moving more rapidly towards this position," said the note

The above states that they do not expect the company to break even until full year 2013 and then states that the company is moving more rapidly to a proven profit model.

Well if thats a rapid move bearing in mind they have been trying to prove this model for quite some time, then I would hate to see how long it would take a slow moving company.

Mind you, I suppose anything is rapid after being static for many a year.

reckon 25 p/s in 2025 or 2125?

Robinhood,

So if its 2125 with inflation we are looking at a lower price than now.