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?

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.

lol

Pushing up biodegradeable daisies springs to mind!!!!

Sharesmagazin has a very optimistic article on Biome Technologies (this week's issue 37 pge 17) with Housebroker Daniel Stewart attaching a price target of 41 p/s!!!!
Can somebody plse pinch me...... btw ladies only plse

Flipping Nora, cannot believe that - have they got it right? Did they say which year?

200 times current price - I don't think any of us need worry about 'what year?'.

must have put the decimal point in the wrong place!

even 4.1p/s will be great news

or perhaps the 1 for 1000 consolidation is coming?

What? Another one . . . .
ten to one is possible, this will give the hangers-on a fat Fee and still leave room for another CONsolidation in a year or two.... along with a name-change like New Techno Bio Plastics International (NINY for short).

- Grief this is about as DUD as anyone can find.....
Do the executives take the bricks home, to be sure they still have an office the next morning - or are they out and about (doing the Rounds- Ho-Ho) =and too tired to get any business done?

Did anyone go to the ProActive Presentations....?
(7 Sept 2011, London).
This has been a woeful investment.

Lol hangon.....take it on the chin like the rest of us muppets.,.

http://www.proactiveinvestors.co.uk/companies/stocktube/864/biome-technologies-ceo-paul-mines-says-biome-will-produce-better-and-better-results-.html

.

RNS Number : 4405O

Biome Technologies PLC

19 September 2011

19 September 2011

Biome Technologies plc

("Biome" or "the Company")

Sector Reclassification

Biome Technologies is pleased to announce that the Company has been reclassified as a 1357 Specialty Chemicals company, within the Industry Classification Benchmark category of the London Stock Exchange with immediate effect.

Paul Mines, Chief Executive of Biome Technologies, said:

"The Board is pleased to announce the Company's sector reclassification to Specialty Chemicals; this sector better reflects Biome's focus on its fast growing bioplastics business activities and core strategy."

- Ends -

Anyone know what the legal situation in France courts regarding appeals? i.e. time permitted before fault/lapse.
It has been 18 months since the French judgment in favour of Biome/Biotec and as there has been no appeal in said French Court {line from email this morning; "With regard to the Novamont litigation against Biotec, there has been no movement on this case from either party since the Court findings in early 2010}" does this mean that they {Novamont} have given up on France case?

Trading Update.

Highlights

Group revenue of 15.3m in the nine months to 30 September 2011 up 49% compared with the same period in 2010

Third quarter revenues of 4.3m within the Bioplastics Division 61% ahead of third quarter 2010

Closing cash position at 30 September 2011 was 3.0m

Group trading performance remains in line with the Board's expectations for the year

Trading Update

Group revenues were 15.3m in the nine months to 30 September 2011 (Q3 2010: 10.3m). This reflected a 110% increase in bioplastic sales made by the UK based Biome Bioplastics, a 34% increase in sales in Stanelco RF Technologies division and a 29% increase in third party sales at the Biotec joint venture. The Group's cash position at 30 September 2011 was 3.0m (30 June 2011: 3.6m).

Promising. A bit of cash burn, hopefully on R & D!