Biome Technologies Share Discussion Threads

[amt] 28/4/2023 06:38

I can see 10m turnover in a couple of years and 1.5m in profits and a share price North of 3 quid.

[amt] 28/4/2023 06:25

Compared with most tech companies its a jam today company. Normally have to wait ten to twenty years for new disruptive technology to come good.
This one might come good this year into next.

[vaneric1] 27/4/2023 09:45

Will this 'Jam tomorrow' company ever come good?

[amt] 27/4/2023 07:11

Yes, increase turnover which they are doing.

[marmar80] 26/4/2023 22:49

Turnover is not a profit. They must do something to change this to real money.

[amt] 26/4/2023 22:12

Turnover in Bioplastics
2018 1.9m
2019 3.0m
2021 4.9m
Currently about 6.5m annualised.
So a bit unfair to suggest they haven't made progress.

[pugugly] 26/4/2023 14:21

Over ramped Now being exposed to the harsh light of realism. OK revenue increased but still appears to be struggling.

Can anyone access brokers targets?

[amt] 26/4/2023 08:34

A good update after the Covid hiatus.
Running at 6m annualised turnover with strong growth.
Too early to know of this is the real start or another false dawn.

[marmar80] 26/4/2023 08:33

Exactly how is he surviving another election nobody knows. Company with a massive potential, but Mines must act or go.

[begorrah88] 26/4/2023 07:08

Paul Mines, Chief Executive Officer said : "The Group grew less than we had originally anticipated in 2022'

or 2021,2020,2019,2018..........& every year since you arrived


Mines with the same old,same old.

How on Earth does he get away with this?

I expect the recent contrived rise to unravel as quickly as it appeared.


They had to try & hustle the share price up in order to let some of those recent buys at some sort of profit.

[markstevenkirby80] 25/4/2023 15:52

The way l like it

[davidlloyd] 25/4/2023 15:38

bit quiet here considering recent share price movement ? :-)

DL

[pugugly] 12/4/2023 14:35

97484 shares traded today at 82p &82.13p looks like swapsies. Too late for bed & ISA or tax selling. Unless very very late marks - Thoughts?

[sirmark] 12/4/2023 13:39

No longer hold mate sold my 3.9% a long time ago… I’m astonished Viv and Mitchell hasn’t demanded a change of leadership as Viv and Mitchell literally invested millions and for what ….. Mines takes he’s salary makes excuses why the expected revenues didn’t appear in that financial year and promises that those lost fortune will appear the following year… never happens and then some other excuse (global events, raw material shortages etc) the only shortage is an ability at the top to secure any decent repeat business.


Standen will just nod everything through, as he gets the benefits of the Mines club.

Such a shame as it had so much potential…but glad I sold out way back then.

[ct8637] 11/4/2023 13:16

Still here 18 odd years later then! I was a holder Back in the days of Stanelco and the carrier bag bans. Do you still hold? I am amazed that mines and standen are still in post with their year after year of cash raises and losses whilst taking horrendously large salaries given the failure. I wonder if biome will EVER turn a profit and have a reliable order book with repeat customers

[marmar80] 04/4/2023 23:50

I've got some EGM invite for the 6th but no details. Anyone?

[jmf69] 31/3/2023 11:23

Raising of 850k

[pugugly] 25/1/2023 09:46

Latest Allenby research now available on Research Tree . Not encouraging (imo) But as always DYOR - No advice or recommendations (either way) intended or implied.

[pugugly] 25/1/2023 08:38

To answer my own question broker forecast adjusted loss before tax for year 2022 of £1,106,000.

No updated research - that I can find yet after today's announcement.

[mustau] 25/1/2023 08:03

With you on this Pug and as they say I’m out.

[pugugly] 25/1/2023 07:28

Still loss making -
The Board anticipates that, subject to audit, the Group will generate a loss before interest, taxation, depreciation, amortisation and share option charges for the year ended 31 December 2022 that is in line with current market expectations.

The Group's preliminary results for the year ended 31 December 2022 are scheduled to be published on 26 April 2023.

Anyone know what are current Market Expectation? Looks like usual cop-out.

[iceagefarmer] 24/1/2023 21:09

From the previous trading statement:

As has been referenced in various trading statements, in the first half of 2021, the business 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.

[pugugly] 24/1/2023 18:00

If TU bad then they will be burnt and as such an illiquid share will find it difficult to unload the odd 22,000 shares bought in the last few days. Toss a coin either way?