Biome Technologies Share Discussion Threads

[z1co] 11/11/2022 07:54

AIM round-up: Biome Technologies, Music Magpie, Malvern
By Tony Cross
11th November 2022


Biome Technologies +56%
Music Magpie +25%
Malvern +24%
Applied Grapheme -20%
Alba Minerals -19%


Biome Technologies [LON:BIOM] topped the board, adding 56% on the day following a trading update. Numbers are broadly as expected but there are hints over an uptick in dealflow for the new year and this seems to be bolstering support.

[iceagefarmer] 11/11/2022 04:45

market cap still only £3m..so much potential here,just needs one massive repeat order contract to land

[iceagefarmer] 11/11/2022 04:42

anybody know why we keep getting these multiple single digit trades?

[iceagefarmer] 10/11/2022 17:15

i think management deliberately under played this last trading update to get in cheap..cant blame them,times are hard so a multi bagger will be very welcome

[z1co] 10/11/2022 17:07

The shares finished UP 56% but should go a lot higher over the coming weeks.There were a lot of positives in the trading update.The shares were trading near £2.00 not too long ago.

From today's rns:

The Bioplastic division received a commitment from a second US end customer for conversion to our biodegradable coffee filtration material. Whilst the end customer has been purchasing regularly in the last eighteen months at limited levels, the subsequent expected acceleration of revenues has been constrained by various matters. These constraints are now clearing and a substantial increase in orders for this customer has been received for delivery in Q4 2022. Fulfilment of these orders in the coming weeks is expected to double the year's revenues from this source. Further, there are reasonable grounds to believe that this increased offtake rate will persist into 2023. However, whilst management believe there is scope for additional revenue growth with this customer, it has not factored any such growth into its revenue expectations for 2023 given the challenges experienced to-date.

[z1co] 10/11/2022 13:09

Bioplastic division

Revenue for the 9 months to 30 September 2022 was £3.2m which was slightly more than of last year's (2012 £3.1m).


Stanelco RF Division

Revenue in the first nine months of the financial year of GBP1.1m, well ahead of the same period in the prior year (2021: GBP0.3m).

[z1co] 10/11/2022 12:44

Revenue for H1 to 30 June was £2.4m

Revenue for Q3 to 30 September alone was £1.9m a massive improvement.

The company has won a number of new contracts in the quarter and the outlook for Q4 is has improved greatly from the September interim results.

From the statement:

Biome's team has won a number of new business contracts with other new mostly filmic customers in both North America and Europe. These grew three-fold in terms of revenue contribution in H1 2022, accounting for 32% of the division's revenues (H1 2021: 10%) and are an important part of management's future growth plan.

Several further opportunities are being pursued by the Bioplastics division. These opportunities are at various stages of progress and, whilst encouraging, can be subject to technical, operational and commercial delays. A selected few of these opportunities are outlined below, but are not included at any scale in management's expectations for the financial outturn of 2023:

[z1co] 10/11/2022 11:47

Derisked with that trading update this morning will steadily climb higher over the coming weeks.

Back to a trading range of £1.50 to £2.00.

[linton5] 10/11/2022 11:39

Big gap at 125 to 150 I see waiting for lower

[iceagefarmer] 10/11/2022 11:33

going back up to 200p

[sirmark] 10/11/2022 10:45

to late 78p now just 1 mm 1,000 shares

[sirmark] 10/11/2022 10:45

Only one MM on the bid at 80p for just 1,000 shares... gl all first out gets the 80p

10:32 PEEL 1,000 80
10:32 WINS 1,000 78
10:43 SING 1,000 75

[sirmark] 10/11/2022 10:43

I remember Rushton, handed over £1mln cheque to Paul in investment only to see it dwindle to pittance, doubling down is he's only option to get out in the hope of a bounce.

The one decent this we have is the RF business which still has some value (if the parts shortage resolves)

[marmar80] 10/11/2022 10:25

Hope that man who accumulates recently will add more and change something in the approach to marketing or even change the directors for more proactive

[sirmark] 10/11/2022 10:22

Careful this is still run by Mines, and whilst may look good this is his lifestyle business and has been for over 10years. Will also need cash next year.. just be careful.

Robster what did I say just last week !! It was a good "TRADE" but make money and go it has no liquidity and you may find your stuck with your shares (only 3 mm's cover the stock) if you can make money great just from 15 years' experience with this company and being a previous 3.9% holder genuinely want to make people aware there's many day's where not a single share is traded. so getting out is sometimes difficult to say the least.

GL all new and old.

[iceagefarmer] 10/11/2022 09:59

mm tree shake tactics now...hold strong

[iceagefarmer] 10/11/2022 09:50

only sold half..i try to de risk now and not to gamble so much

[iceagefarmer] 10/11/2022 09:40

yep me too..sold half at 97p

[iceagefarmer] 10/11/2022 09:31

you might regret ..seen it do 400%