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?

The BBC had a programme on March 4th about plastics made from potatoes, although BIOM were not mentioned, some of their end products were. You can view a short video here:-
http://www.bbc.co.uk/programmes/p015sc06

Maybe we'll see a small profit from operations this time round, I think it'll be a profit of £2.99 (yes two pounds and 99p)... Anyone else like to hazard a guess at the numbers...

£3.01. I'm an optimist!

Hi Kim, I thought you got out of this load of crap a year or two ago or did you keep some?

From a RNS 23/01/13

Biome Technologies plc, the bioplastics and RF technology business, is pleased to provide a pre-close trading statement for the financial year ended 31 December 2012 ahead of the announcement of the audited Preliminary Results, which are scheduled to be published on 27 March 2013.

So have I missed an amendment to the results?

Profits 3 Cypriot Euros!
I'm a realist!

Greek - it says 28th on their website.

greek you are quite right, all trades blue today!

Thanks Skinny,

Just goes to show, left hand right hand ect!

Hi 3m, you are right, I sold the majority of my holding a couple of years ago whilst I was still a couple of pence in profit, literally a couple of pence, not share price wise! :o)
I couldn't bear to be parted with all of the shares though so I kept 200k for old times sake!!

Tomorrow I will find out that it was a very shrewd move, I have no doubt!! Well, not much doubt. A bit maybe. Erm, quite a lot really!

kim after the share consolidation you might have 2 shares.

Oh no! I'd better do a top up before they twig!

I will have even a longer wait for it to get to 9.78p. I have said it before, I shall be pushing up biodegradable daisies by then!!!!

I kept 100 shares, for reasons which I can't even remember... I made a decent profit on the initial rally then gave most if back with the subsequent fall... As it'll cost far more to sell my 100 shares then there worth I'm in it for the long haul if you could use such a word with these..

Well think yourself lucky you have only got 100 shares, I have 21,539 so it won't take a mathematician long to work out that I have more than likely ditched just over £2.000 grand. hahaha!!!!!!

Sorry I should re phrase "just ditched" to "ditched many years ago".

Ouch!

To be fair to BIOM they do have a good product base. Trouble is, they are not alone!! Oh, and possibly their sales staff are not quite up to the job. Or maybe the whole thing is just a pile of.............

POOOOOO - CRAPPPP is the word you are looking for kim.

Couldn't remember how to spell it 3m! :o)

Preliminary Results

Highlights

· Following the sale of 50% stake in Biotec, the Bioplastics Division is focused on developing high margin, application led products with enhanced level of functionality. Key projects include work on single use foodservice products and single use coffee capsules
· Cash position at 31 December 2012 was £6.3m
· Stanelco RF had another profitable year - notable achievements include the award of a development and supply contract with Durapipe during the year.

Paul Mines, Chief Executive, said:

"2012 has been a year of significant change for the Group. We have responded quickly to adverse legislative changes in the European markets and the sale of our stake in our joint venture Biotec so that the Group is able to truly commit to its strategy to commercialise and develop its wholly owned intellectual property. We are encouraged to see a number of our technologies at an advanced stage towards commercialisation in both the Bioplastics and Stanelco RF businesses."


- Ends -

Director's Remuneration and Consultancy agreement

Biome Technologies plc announces that it has agreed with John Standen, Non Executive Chairman of the Company, a change to his remuneration arrangements.

From 1 March 2013 for a period of one year, Mr Standen's annual remuneration will reduce from the previous level of £38,250 to £18,000. All other terms and conditions of Mr Standen's contract of employment will remain unchanged.

This change is one of a number of measures the Company is undertaking in order to ensure that cash outgoings are minimised.