Collagen Solutions Share Discussion Threads

[the prophet] 11/3/2015 09:32

morning te, our posts just crossed.
Yes, I agree with your view re the meet in January, guy must have known the a decent % of the sales were not yet in the bag and should have said as much. Its an own goal and makes the meeting worse than pointless.

[the prophet] 11/3/2015 09:29

jj
Chairman Evans would not have been allowed to buy just before the announcement, he would have been in knowledge of material price sensitive info and therefore not allowed to trade.
imo, its not a question of saving on room hire/prawn sarnies, its more whats the point of geeing everyone up only to let them down a few weeks later? Next time they do an investors presentation there won't be a big rush to sign up and folks will be thinking, hmm, investors presentation, sounds like 3 weeks till a profits warning! Right or wrong, whilst it is laudable they want to engage with investors, they really do need to take a long hard look at the timing of such activities.

[totaleclipse] 11/3/2015 09:27

Morning all. I agree I didnt check David Evans's salary from COS before I posted- modest indeed but he picks up quite a tidy sum in total with a bit here and a bit there. However not the point- I apologise about the post and understand why he could not trade in the 'close' period before announcements. Nonetheless it still feels like a bit of a sham and a sop to the investors who have been caught out again. I cannot believe that the CEO did not know that a good percentage of his first forecast sales were under threat when he stood up in front of investors in January and laboured the 'de-risked' business model. I am sick and tired of misleading statements like this. What on earth is the point of going along to support these things if you cannot trust what you are told? It serves no one any good in the long run and one of these days a disgruntled investor is going to sue.

[jacobjohn7] 11/3/2015 07:32

Aways under egg expectations is obvious stuff. But they also do have to be honest with things that are going to impact share price

[the prophet] 10/3/2015 22:36

TotaleclipseHave to say the salaries of the directors are pretty modest, they are not milking it, that's for sure.Eg David Evans, salary is £40k/ yr as non exec chairman, so the purchase of today represents 50% of his salary (£20k+ spent on the shares today). Moreover Evans put in £500k at the recent placing. That's a fair commitment in anyone's book.I note the other directors, chief exec, fd and business director earn £100k, £75k and £80K respectively. Modest.So whilst I agree re your points regarding the timing of the investor presentation etc, these guys would appear to have a real commitment to the business and they are not soaking up large salaries.They do , as you suggested, need to manage expectations better. They should have given themselves more wriggle room re the forecasts. Everyone loves to meet or beat expectations so you should make damn sure you do, even if that means lowering the bar.

[totaleclipse] 10/3/2015 21:35

Yes and the other point.... it seems that when the brown stuff hits the fan management often snap up cheap shares to demonstrate their confidence in the compnay. I'm not fooled by that. 250,000 shares at say 8p a pop is a pretty small total cost as a percentage of their remuneration package.

[the prophet] 10/3/2015 18:08

least now we know why the share price has been heading down last couple of months.....

[the prophet] 10/3/2015 18:07

very fair points, totaleclipse
bit of an own goal to have an investor presentation closely followed by a revenue warning.As you say, best not to say owt unless they are confident that something like today won't happen. Ah, the art of managing expectations, it is an art quite a few companies need to learn!

[totaleclipse] 10/3/2015 17:31

I just wished these guys, the senior execs that is, just kept their mouths shut rather than trumpet the company at investor presentations only to disappoint and miss the target within, literally, a few weeks. (Not for the first time I hasten to add- I,m referring to EKF Diagnostics- another David Evans company)It may be a small amount it's true in absolute terms but big in percentage. Doesn't give me much confidence that these guys have their fingers on the pulse. Have they not heard of the art of "MANAGING EXPECTATIONS"?

[the prophet] 10/3/2015 15:50

good to see chairman David Evans picking up 250,000 shares.

[the prophet] 10/3/2015 13:54

you just knew reading the trading update that there was going to be a 'but'!
The delays are not unreasonable, the new forecast loss for the year is not too different from the old one, but, all the same, it doesn't quite give you that feel good factor.Hmmmmmm......

[totaleclipse] 10/3/2015 13:40

Less than two months after a presentation that was oh so bullish and totally 'de-risked' we get an announcement of revenue 'slippage'. OK i buy the reasons and the explanation and have taken a deep intake of breath and sigh but I cannot help being somewhat skeptical when there's more than one factor involved- and they all have a negative impact. It would be more believable if there were a few customers doing more than was expected as you would expect if it was the usual plusses and minusses of doing business.

[jacobjohn7] 26/2/2015 11:08

Many thanks prophet. Very good read happy to hold and let story unfold.

[the prophet] 26/2/2015 09:09

Presentation pdf from the recent investor teach-in is available here:



Well worth a good read.

[jacobjohn7] 26/2/2015 08:16

Two 100000 buys at this level... must admit would be stocking up big style if wasn't fully invested in cos already

[jacobjohn7] 21/2/2015 21:15

Come on cos news on monday please! Need to get back into positive territory

[jacobjohn7] 18/2/2015 12:45

Cheers prophet. Very good news and all positive. 😊

[doodlebug4] 17/2/2015 10:48

Thank you for that link and info The Prophet - interesting.

[tpau] 07/2/2015 09:01

On my software (Sharescope Pro)

Shares in issue 171m
Mrkt Cap £16.7m


March 2015 forecast T/O £1.415m Pre Tax Profit -£0.76m
March 2016 forecast T/O £4.325m Pre Tax Profit £0.07m
March 2017 forecast T/O £6.760m Pre Tax Profit £1.46m

:)

[the prophet] 06/2/2015 14:58

jj
no problems
I guess the figures for this year should be just about smack on, given the forecast was issued in December and year ends end of next month. Looking ahead to year 15/16, which starts in not much over 7 weeks time, then the forecast dramatic increase in sales and move towards profitability should catch a few folks eyes, esp if they can announce a few more deals along the way.
I think the chairman plonked in £0.5m here, always a good sign of confidence.

[jacobjohn7] 06/2/2015 12:05

Cheers proph. Yeah my mistake re miden profit. Hopefully figs are very conservative... and cos over achieves.
and was aware advfn had wrong mcap. The rto company alone was £6m.
cheers.