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?

Amazingly (it's that word again) I appear to be in profit on my present holding

like the old days big trading volumes big percentage gains.......................... only the price is in fractions of pence,,, lets hope walkers do better than the asda trials

can anyone tell us why the forward movement in the share price at last.?

Hi Bestblinds,

I posted the following yesterday on a competitors site.

I admit to having done little but knock BIOM over the last few weeks, this has been down to still feeling angry at the way we were treated in the past by the management. That is probably some of the Drivel TruroBoy mentions.
I have decided that the past (hopefully) is just that, and therefore 'apologies' for many of my comments of late.
Perhaps the news that they have been recognized in Deloitte Technology Fast50 Awards Tuesday, 26th October 2010 as the second fastest growing Green Tech is encouraging, although they did drop so far down, the only way is up. That is not another moan just a fact.
So no more bashing posts from me, unless that is they go back to their old ways.
Once bitten twice shy as they say, but willing to give them another chance.
Perhaps they really have turned the corner. END

The bit about, 'They have been recognized in Deloitte Technology Fast50 Awards Tuesday, 26th October 2010 as the second fastest growing Green Tech' is probably responsible for the rise, along with the rumor that Walkers Crisps are interested in their packaging. I must state, this is only a rumor, doing the usual rounds. I hope it does not turn out to be another ASDA fiasco. Also of course there are the coming results which almost everyone is saying will be good, personally regarding the results, will wait and see.

regards Greek

Hi Greekman

I too have been in this share for years, and like many have a very large loss.
Our faith in the company looks like it may yet pay off.
You comments as to why the share is now on the move, was most wellcome.
Thank's

Topped up today will I never learn.

Driver!!! :o)

Well, you never know, on Friday you may find that you made a wise decision. I hope so!

(Edit!)

Driver.....thats some top up.....3mil last trade.....;))

bb

No point in pussy footing.

A find from the other side.
Bullion Vault .co.uk
Bioplastics concern Biome Technologies has reduced first-half losses 40 per cent to 1.7 million and sees growing interest from the USA.

The company says an apparent 17 per cent turnover fall to $6.7 million in the six months to June reflects a move from 100 per cent to 50 per cent consolidation of a joint venture, Biotec JV and explains turnover on a comparable basis showed a 40 per cent increase, with its Stanelco radio frequency side nearly doubling sales.

Chief executive officer Paul Mines says pending European Union legislation favouring disposable packaging continues to work for Biome, which moved from the Main Market to AIM last month after raising 2.7 million at a lowly 0.125p. He adds the company, which until recently was called Stanelco, is finding 18 months of effort in the US market is now 'bearing fruit' in the food services and food processing sectors across the Pond.

According to Mines, a new high temperature food packaging product has met a 'reasonable response' and should benefit Biome's second-half performance. He says interest is picking up from electronics and durables companies in casings made in bio-based materials, with makers of razors and other personal care items also inquiring.

Observers suggest the company, which mostly sells to smaller and medium-sized concerns keen to boost their brands, is understood to be holding product trials with more than one leading European electronics group. With 4.7 million cash at the end of June, Biome could be heading towards profitability in 2012, argue some analysts.

Biome shares, which traded above 4p 10 years ago in their old Stanelco guise, now languish at 0.13p. They have speculative recovery appeal for the bold.

A bit old ?

If only .......... might buy another half mil ......

patshere
Still a good read. I might break even if this gets to 2.5p

Good luck driver, you deserve rewards for patience here! I only have a very small amount now as I wrote them off and took it on the chin. I'm pinning my hopes on atuk and cnr now!

moneyplus
Cheers mp I also wrote these off but with a couple of top ups here I may see some return lol.

2.5p would put me in good profit, so I'll drink to that.,.

driver

Good Luck.

Re RNS.

I just can't win with this company.
For years I expected to make a profit. During this time the sp was continually eroded.
So I held on hoping things would turn round. Then a few years ago, I started to look at my holdings in a different light. I had held on far too long, so I would hold onto my massive loss, to put against any CGT.
Then guess what. Yep, as soon as it looks like I might need to put this new strategy into effect, they start doing things right, like, 'Group's five year historic growth trajectory of 1132% recognized as UK's second fastest growing GreenTech business in Deloitte Technology Fast50', and putting out what looks like a very good trading update. Hence my loss to put against CGT being reduced.
Still way, way down but must admit it is looking good. Will never get my money back, but at least its nice to see my losses coming down.
So it still pains me how myself and many other investors were mislead and badly treated, but obviously the past is the past. On looking to the future, dare I say, it is looking at last like a turn around.
I might even stop sticking pins in the voodoo dolls of previous board members. Well perhaps not.

Lol Greek!

Amazing update? No! However it certainly is encouraging. I particularly like this bit:-

" exciting progress continues to be made on developing and launching new products in partnership with a number of large international customers. Examples of this partnership approach include working with a market leading American supplier to the food processing market that has now successfully launched a range of products based on Biome Bioplastic materials in its markets and with a multinational beverage and confectionery manufacturer, whose full-scale trials are nearing completion."

Now, we have heard them say things like that in the past; the problem then was that they assumed they had fantastic products, which they probably did, and that those products would sell like hot cakes. How wrong they were! I get the feeling, and I hope I am right, that they will not make the same mistake twice.