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?

loads of buying today...someone know something about patent dispute...nudge,nudge,wink,wink ;-)

Your not wrong there maestro, 29mil buys nearly all blue.,. next xmas hol coming on nicely. Wouldn't want to be out of these over the weekend.,.

A bit of life here this morning - in auction +13.3%.

dunno why though do you?

I guess a tip somewhere - coming off now.

Tipped in Shares mag. Not the first time.

Finals due next Thursday.

Preliminary Results.

Financial Highlights

-- Group revenue up 42% to GBP19.1m
-- Loss from operations reduced to GBP1.0m (2010: loss GBP1.9m), ahead of expectations
-- Loss before tax reduced to GBP1.1m (2010: loss GBP2.3m)
-- Closing Group cash position GBP2.4m
-- Two year debt facility of up to GBP2.0m agreed in May 2011 to support the continued growth of the Group

Business Highlights

-- 47% growth in Bioplastics Division revenue which includes:
- 82% growth in revenue made by Biome Bioplastics, the wholly owned UK headquartered bioplastics business

- 31% growth in Biotec's third party revenue
-- 21% growth in revenue in Stanelco RF Technologies with a new contract signed with Durapipe UK in January 2012

-- Bioplastics Division reaches annual breakeven for the first time and Stanelco RF Technologies improves profitability

-- Significant progress made in broadening the Group's customer base in both applications and geography

-- Board strengthened with the appointment of Declan Brown as Group Finance Director

So maybe next year we actually may see some profit!!!!!!!!

Maybe!

50p by Christmas 2062?

now that would be a good 112th birthday pressie- better start living a bit more cleanly for that to happen I guess-where would I spent it on by then?????

A couple of champagne pills, followed by a fillet steak dinner pill no doubt, all whilst suspended above the ground by jets of warm air, watching wall screen 3D TV!

In your 300 room villa by the Med!

Golly Gosh - Kim is that what they will be providing in Heaven in 2062? Something to look forward to then!!

Hi Kimoldfield,

In 2062, I will be 114, so I will look forward to Wine and Women, didnt mention song as at that age my voice wont be up to it.
Like the idea of Champagne and Fillet pills though as my nashers may be getting a bit worn by then.
No smutty comments you lot!

:o)

A "when they were up, they were up" day - currently +23%.

Trading Update.

Trading Update
Total Group revenues achieved for the first three months of the year were £4.6m (Q1 2011: £5.6m). This is ahead of the final quarter of 2011 and close to the 2011 quarterly average of £4.8m. We anticipate performance to be second half weighted this year and consequently expect sales growth to increase in both divisions as the year progresses.

The Group's cash position at 31st March 2012 was £1.8m (31st December 2011: £2.4m). The reduction of £0.6m was due to a mixture of trading performance and further working capital investments.

Looks like whoever unloaded that 5 Mil yesterday made the right decision.
All I can see from the trading update are the usual excuses, the only difference being is it appears they expected this decrease.
I would love to see a video of todays AGM, to see if the board actually squirm or just brush the facts off that Biome are going nowhere except down.
I have said before that I am only holding for CGT purposes to put against any gains. If these go any lower might consider contacting HMRC and seeing if I can declare my holdings as worthless. I understand that if any share holdings reach a value that are such a percentage loss they can be declared 'of no value'. This means you can write the share value off against any gains, without selling those shares.
Strange I know, but if anyone delves into this they will find it is true, and at an average of around 15p purchase price I am what I think anyone would agree is a significant loss against investment.
Before anyone goes down the road of, 'It was my risk', I agree, but as many have stated, over the years the management have been 'less than open' (understatement), which to me means that, yes, this investment was down to me, but if you don't have all the facts, or/and facts/figures have been unclear (again understatement) how the hell can anyone make there best judgments.
Of course the AIM has rules that protect the investor, 'don't they!

We continually read of managements being rewarded for failure. If Biome go down that line, this lot will be in line for millions.

NOTE.........Did you know that when the price of a first class stamp goes up to 60p, if you wanted to write a letter to the board telling them what you think of them, you would have to sell 352 shares to buy the stamp.

You would have to sell 429 now Greek!