Probiotix Health Share Discussion Threads

[institutional investments] 07/7/2024 12:58

'Realising Value'

hardly thought he meant for retail investors? ffs

[institutional investments] 07/7/2024 12:57

which is quite early in its development, the value of that was '''not fully realised'''' until we listed it on the Stock Market.

loool. Certainly found a way to realise it

PBX same

Same plan

Same faith

Thats the reason to get on AIM

[institutional investments] 07/7/2024 12:56

O Hara reply

How does this fit in with OptiBiotix Health PLC’s overall strategy?

A3: We announced this strategy back in July last year and the listing of SkinBiotherapeutics reflects a strategy to realise the growing value of each division which the Board believes is currently not being fully realised when viewed as a whole. So, typically, shareholders look at OptiBiotix Health and judge it on the basis of its products that are closer to market but as we’ve shown with Skin, which is quite early in its development, the value of that was not fully realised until we listed it on the Stock Market.

[institutional investments] 07/7/2024 12:52

If growth continues at the current 30% rate then Revs by 2028 in relation to your £10m Revenue target, will be £4m. What step change in Revenues are being predicted and when, to hit targets?


.........

OPTI and SBTX are in the same arena. Maybe he derived the outlook from those lol

[m4rtinu] 07/7/2024 10:22

First class, PJ. I have submitted one question. Can't remember exact wording but something like:

Given increase in losses, how will you fund the company going forward?

[pj 1] 07/7/2024 07:16

I think we are heading for a Placing here at some point, maybe next year. I do not believe PBX is funded for its plans. I fear any move to AIM could be a cover for such, and we end up with no increase in liquidity, as basically we would still be classed as a cash burning POS stock.

Id urge anyone concerned to put question to the IM meeting for PBX to answer. The more raised the more pressure for them to disclose.

My questions below.

In the RNS dated 4th Jan 2023 we were told, ''A detailed trading update will be provided in the next few months.'' The trading update never arrived and Final Results were issued a long 6 months after, showing an increase in Revenues of just £200k. Could you please explain why no trading update was issued as stated?

Whilst YOY Revenue growth looks impressive at 28% the increase is £300k which doesnt cover Directors remuneration of over £500k. Are shareholders getting value for money here?

If growth continues at the current 30% rate then Revs by 2028 in relation to your £10m Revenue target, will be £4m. What step change in Revenues are being predicted and when, to hit targets?

The terminology used for 2023 Results raises concerns that the Company is not funded to support its growth and/ or recruitment of further staff that it is admitted will affect profitabilty. Please confirm if funds are in place to hit 2028 targets (or not).

The Company is listed on the extremely illiquid Aquis Market. It seems there is an agenda to move to AIM (commonly referred to as the ‘’Cesspit’’). Why? AIM is a highly illiquid Market for any Company such as PBX which is burning cash, chasing sales via recruitment and no market forecasts. This would be jumping out of the frying Pan and in to the fire. Is this just an excuse to raise funds?

Further to the above, if (or when) a Placing is undertaken can you please re-assure Investors that it will not be below the 21p IPO share price so that we face minimal dilution? Wouldn’t a Placing below that value actually indicate that the current BOD have taken the Company backwards?

Recently Stephen O'hara stated a couple of times he believed PBX is the most undervalued share in the WHOLE markets. Given that it is cash burning with no yet clear pathway to free cash flow, could you please elaborate here and give your opinion.

Again with reference to the above, if so, wouldnt the best strategy be to mothball the Company, eliminate all costs except legal, and sell the Business?

Whilst current Cash was maintained roughly, there was a squeeze on working capital and payments being delayed to creditors. Is this an indication of a future cash crunch?

[vlad the impaler] 02/7/2024 21:09

I dont think it needed much analysis. Just a case of checking who spun it out was suffice

[kumbuka] 02/7/2024 20:56

Post 155 one of your best bully boy pj. Well done old boy.

[m4rtinu] 30/6/2024 11:59

Thanks, PJ. So we are owed less and we owe a bit more.

[pj 1] 30/6/2024 11:07

They are running a very tight ship

Debtors have reduced from £496 to £266 I.E they are getting the cash in more promptly

And

Creditors have increased from £307 to £566, i.e. thay are probably pushing the payment terms to suppliers

So they have reduced working capital required by nearly £500k is my understanding

[m4rtinu] 30/6/2024 10:58

Can anyone who is familiar with accounts help me understand table 1 "Reconciliation of loss before income tax to cash outflows from operations." Specifically, does it make it seem like the company has more cash than it really has. Esp as loss increased by about £540k but cash (and equivalents) only seems to have decreased by £240k?

[pj 1] 29/6/2024 20:28

How could they possibly raise more unexpected funds in any move to AIM (or any other market)below 21p? Wouldnt they actually be saying that after 2 years of growth that the 'new' CEO has devalued the Company?

[pj 1] 29/6/2024 19:50

What benefit will joining the Cesspit give?

The Results are dire. Increasing costs greater % than Revenue, a secretive 5 year plan and changing terminology.

This issue is the Company not the market it is on

SOH listed it on AQUIS. It needs to stay on AQUIS until they do what they said they will do. No more deflection tactics.

All IMO

[elrico] 29/6/2024 19:37

I regret to say it, but I did predict its collapse, and indeed, it has come to pass. The question now is, when will investors start looking for bargains? I believe it will need to secure funding before joining AIM, so that's my expectation for next year.

[pj 1] 29/6/2024 19:28

And all this following SOH very recent comments on more than one occassion that PBX is the most undervalued Company in the (whole) Markets.

I really do despair.

[elrico] 29/6/2024 18:05

PJ is spot on. It could get worse.

Total administrative expenses increased by 60% to £1,634,000 from £1,019,000 in the previous year, negatively impacting profitability.

Operating loss of £762,000, a significant increase from the previous year's loss of £280,000.

Cash and cash equivalents decreased by 14.1% year-over-year, which may impact the company's ability to invest in future growth initiatives.

[m4rtinu] 29/6/2024 14:30

FWIW, they are intending an IMC presentation on Weds, 10th July. Perhaps some plan will be revealed. But ever increasing staff costs are a risk to cash/need for funds, as you point out PJ.

[pj 1] 29/6/2024 11:54

The RNS also seems to contradict current plans. They reference the 5 year plan on a few occassions, mentioning it began (formulated?) in 2023 , so is that when it started or do they mean it is starting now? (or 2025?)

Has anyone seen this Master Plan? I think we should be able to and PBX needs to communicate just how many staff they will be recruiting.

[pj 1] 29/6/2024 11:44

Enormous red flag here

''In order to support strategy execution and ensure ability to deliver our targeted results, we will need to make further adjustments to the internal structure of the business and recruit additional personnel within sales, quality, and regulatory areas. Additional staffing costs mean that, whilst we expect sales to continue to grow positively in 2024, the additional investment will negatively impact profitability in 2024 and 2025 but will form a much stronger platform for delivering growth and shareholder value in the medium and longer term.''

WIth no reference to be funded for it's growth plans, then we have to ask ''when is the Placing''?

And catastrophic dilution at these levels.

[parsons4] 29/6/2024 08:20

I believe that this and SBTX have a good chance of success but OPTI is still run by that wretch SO who I met about 8 years ago and took an instant dislike to !!

[institutional investments] 28/6/2024 14:22

OPTI will kick off soon. tradition demands it