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?

Interim Management Statement

Total Group revenues achieved in the first half of 2012 were £7.5m, down 28% on the same period in 2011. In the Trading Update of 31 May, it was stated that sales within the Bioplastics Division for April and May were markedly below our expectations following legislative changes in Italy and wider disruption to the supply and demand balance in Europe. This is reflected in the second quarter, with Group revenues of £2.9m (Q2 2011: £4.9m), 38% below the revenues of £4.6m achieved in the first quarter.

The Bioplastics Division saw revenues drop from £4.3m in Q1 to £2.2m in the second quarter (Q2 2011: £3.9m). Within this, Biotec was most adversely affected with revenues down 58% from £3.0m in Q1 to £1.2m in the second quarter (Q2 2011: £1.8m) as third-party sales were depressed due to the previously reported demand changes in southern Europe. In Biome Bioplastics, revenues were down a more modest 26% to £1.0m in the second quarter compared to £1.3m in Q1 (Q2 2011: £2.2m) with some evidence that the broader application base and geographic diversity is providing greater resilience to the current turbulence in the market.

The Stanelco RF Technologies Division continues to perform as expected with revenues of £0.7m in Q2, up 95% compared to the first quarter (Q2 2011: £0.9m). The pipeline for fibre optic furnace systems and associated spares continues to grow; orders for nine units to the value of £1.2m have been received and are under build for the second half, with further orders pending. Diversification into new industrial markets continues and the Durapipe UK project is progressing well with the first prototype unit expected to be delivered shortly.

The Group's cash position at 30 June 2012 was £1.1m (30 April 2012: £1.5m). Following the period end, the Group announced that Biotec had entered into a €1.5m loan agreement with Sparkasse Emmerich and that €255k in repayment and interest had been repaid to Biome under the shareholder agreement. The Group's secured debt facility of up to £2m with Fortis Commercial Finance remains available but is currently not utilised.

The Board continues to believe that these market developments constitute a pause in a fast developing market and that the drivers of requirements for biodegradable and bio-based materials will grow with time.

With respect to the patent litigation, updated on 12 July, the recent positive findings in the Court of Turin in the context of other court findings provide further confidence in the value and potential of the Group's technology Biome is well placed and continues to expedite new product development with a focus on those opportunities likely to yield growth in the shorter term. Actions to reduce costs by around by £0.6m on an annualised basis have now been completed and the benefits will build in the second half. The Group is trading in-line with the Board's revised expectations.

-Ends-

Revenue down even more.

And yet they say, 'Biome Technologies plc, the bioplastics and RF technology business, is pleased to announce '.
I know its the usual used jargon, but I would have thought that, ''Biome Technologies plc, the bioplastics and RF technology business, is ASHAMED to announce ', would be more apt.

Still they have yet another loan facility arranged, I wonder at what interest!.

Can this company become any more pathetic.
Surely the end must be near!

Greek - I should have ended the post with "blah blah blah" - underwhelming statement as always!

Hi Skinny,

Agreed.
I also like this bit, 'The Group is trading in-line with the Board's revised expectations'.

Which means, 'We thought it would be c**p and we were right'.

Bonuses all round!.

Your learning Greek....haha

But will the shareholders ever learn, (it took me far too long).
With a 20% drop and a 22% spread, who in their right mind would buy these!

I have long thought that the RF side of the business is where they should be trading and that they should sell the bioplastics division. Biome has too much competition in bioplastics and is too small to carve out and decent market share. The management however are a complete joke, I'd favour a punt on a 500:1 horse with three legs and half a tail running the national over this board.

http://plasticsnews.com/headlines2.html?id=26071

McDonald's using compostable plastics at the London Olympics
By Anthony Clark | PRW
Posted July 26, 2012
LONDON (July 26, 7 a.m. ET) -- McDonald’s, which will be running the world's largest fast-food outlet at the Olympic park in Stratford, east London, will be using Novamont’s Mater-Bi bioplastic for its cups, cutlery, straws, lids and containers.

“Many McDonald’s items were already compliant with the EN13432 compostability standards but did not have the certification,” said the company’s environment consultant Helen McFarlane.

“We obtained this by working alongside our suppliers for almost two years, with considerable investment in research and development.”

Mater-Bi will compost with anaerobic digestion, according to Italy’s Novamont, helping make the expected 3,300 metric tons of food and food-related packaging waste that the games will generate easier to handle than if conventional materials are used.

London Olympic and Paralympic Games organizing committee (Locog) has set the objective of 70 percent of the waste produced by the events should go for recycling, re-use or composting.

Novamont operates in the UK, Germany, France, Benelux, Scandinavia, Denmark, US, China, Japan, Australia and New Zealand.

According to an independent environmental agency report, it has been shown that the average normal thin plastic bag has a lower carbon footprint than the average
re-usable bag and does less overall damage to the environment.
If you use such a plastic bag only once, you would have to use a cotton bag 327 times (don't ask me how they worked that out) to achieve the same carbon footprint.
Customers do not tend to keep cotton bags this long, and if they do they become breading grounds for bacteria.
Also in use, cotton bags can leak chemicals whereas plastic bags do not.
It is disposal that causes the big problem for the plastic bag.
END.

Just a thought.
Perhaps some company with a forward looking Bod could develop a plastic bag that is bio-degradable.
Just think what a winner they would have.
After all it would surely be a product that potential customers would be queueing up for.
Surely this would be a 'No Brainer'.

I'm sure that in my distant memory there was such a company!
I wonder what became of it!

From a female monkey to a greekman F Knows (The F could be interpreted as FLIP)!!!! The FLIP could also be underlined. What a load of cods wallop this has turned out to be.

Agreed, its nuts monkey, or should that be ?

Shares Magazine this week highlighting in a positive way BIOM. Am I dreaming?

Kiss of death :-)

can not go down any lower so any upside is a bonus-relatively speaking- hope to see approx 3p/s in my lifetime to breakeven .......

Shares Magazine a joke last week they were upping BIOM today i.e 1 week later they come out with a serious sell call. MUPPETS!!!!!!!!!!!!!!!!!!

Chuffing great - I must be 99.99% down on these from wonderful Stanelco days, what next - bust or what????

I actully did quite well into the initial Stanelco rally all those years ago, you must have turned up at the party late along with most posters here and got caught out paying a high premium to valuation. Its always a hard lesson, move on and learn from your mistake, no point investing any further energy here. I feel this stock will be delisted before long..

Royston Wild was the author of both articles! Job vacancy coming up at Shares mag?! ;o)

To be fair, he didn't tip BIOME as a buy in the first article.

NO BUT HE WAS UPBEAT ABOUT THEM. BECAUSE OF THAT I BOT ANOTHER 25 MILLION BIOME SHARES -COST ME ANOTHER TENNER.......LOL