Byotrol Share Discussion Threads

[1gw] 24/9/2020 18:22

"Actizone™ F5 is not currently registered or offered for sale in the United States or in Canada."

So no immediate competition for byotrol24 from Solvay actizone then. And if Solvay marketing builds consumer and industry acceptance of the desirability of the 24 hour claim then that may actually help with sale of byotrol's (and its licensees') own products.

[1gw] 24/9/2020 18:16

The covid question in the Q&A, with a similarly tortuous response as on the byotrol24 site, except perhaps that it does start with the word "Yes":

Does Actizone™ F5 disinfectant act as a COVID-19 disinfectant solution?

Yes, efficacy testing indicates that the ActizoneTM F5 disinfectant formula is effective at the rapid kill of human coronavirus (a similar class of virus to SARS-CoV-2) and even more resistant virus according to antiviral tests performed at accredited external laboratories.

Products proven effective against human coronavirus are likely to be effective as a COVID-19 disinfectant solution, as indicated by US EPA Emerging Viral Pathogen Policy.

[1gw] 24/9/2020 18:13

Brilliant. I was wondering about this specific reference to Solvay in the byotrol rns:

"All existing alliances - including the well-publicised agreement with Solvay - ran to expectations in the year under review and we remain hopeful that they will bear financial fruit for the Group during and post the pandemic."

[wisecat2] 24/9/2020 18:03

www.solvay.com/en/press-release/solvay-introduces-actizone-antimicrobial-cleaning-technology

[wisecat2] 24/9/2020 18:01

james when you shove your red flag somewhere take a look at the press release, it's what real shareholders have been waiting for.

hxxps://www.solvay.com/en/press-release/solvay-introduces-actizone-antimicrobial-cleaning-technology

[wisecat2] 24/9/2020 17:53

Bad news for all the trolls on here but it looks as if Solvay is on the launchpad

hxxps://www.solvay.com/en/brands/actizone-disinfection-that-lasts

[james188] 24/9/2020 15:30

I have had BTOL on my watchlist since the company came to my attention when the collaboration with TSTL was announced back in March of this year. It has some interesting products and should be well placed to grow further. I hope that it does. The outlook statement is also positive.

However, I agree with the several previous posters who expressed concern that, yet again, the company is late in getting out its results and - of even greater concern - it may not have audited results by the end of this month. That is simply unacceptable and I think that it is a very big red flag. I was even more surprised that there was no proper explanation for this in the preliminary results (or indeed anything other than a bare minimum statement). It makes me wonder whether management has a proper grip or is slightly overrun. Time will tell, but this issue alone would put me off investing.

I also wonder whether it will need to do an equity raise, as cash is now fairly low and the balance sheet is pretty weak once you strip out goodwill and other intangibles. In their note issued today, finncap (who I generally respect), value BTOL on the same multiples as TSTL. FWIW, I don't.

[1gw] 24/9/2020 15:13

I suggest they would have known little at that time about the checks and reviews that the auditors would build in once they had completed the work at byotrol. If it were me running the audit company, and the previous auditors had qualified the accounts and my new audit team had only been appointed at year end, I might want to interrogate my audit team fairly closely and do some quality control on their work before I allowed the client to publish the audited accounts.

Today's rns from byotrol talks about the "internal clearance processes" of the auditors as being the reason for the current delay.

[sikhthetech] 24/9/2020 15:03

1gw

"I think the new auditors might well have built in additional checks and reviews"
"their arrival so late in the financial year"


You do post BS.

4th Aug - so only 6 weeks ago said result mid Sept. On 4th Aug, 4 months after fy, they would have known how the audit was progressing, otherwise why rns 'results expected date'?


"We expect to announce the results for the year ended 31 March 2020 in mid September along with a further update on trading."






Change of Auditors 23rd March, so 6 months ago.

[sikhthetech] 24/9/2020 14:42

Apart from late published results, they missed their expectations, published by Finncap in Dec 2019.

The expectations were pre-covid, only 2 months before the spike in sales in Feb/March with sales of approx £1m revenue per month. Therefore, they should have significantly beaten those expectations but they didn't.


The actuals v expectations - (actuals include spike in sales Feb/March, expectations ex-covid):

Revenue: £6.07m, expectations £6m. (Only up 1% thankfully spike sales in Feb/Mar)
Adj Ebitda: £0.26m, expectation £0.4m (DOWN £0.14m)
GP: £2.89m, expectation was £3.2m (DOWN £0.31m)
Net Cash: £1.42m, expectation was £2.6m (DOWN £1.18m)

Anyone who says they beat expectations is talking BS.



Finncap notes, free to register:





why would they do any better this time around.?
It's nice to have an investment decision proven right so conclusively BY EVENTS. READ THE COMPANY NEWSFLOW.

[1gw] 24/9/2020 14:41

I think the new auditors might well have built in additional checks and reviews, compared to a standard audit of an existing client, given their arrival so late in the financial year and the fact that the previous auditors had qualified the previous year's accounts.

[1gw] 24/9/2020 14:34

I think that's not an unreasonable conclusion to come to, given the public facts. i.e. it does look bad. However, we don't know the full background. I suspect changing auditors close to year end, when pandemic disruption was already ramping up, did nothing to increase the chances of a smooth audit process.

23rd March TU (extract):
"We are pleased to announce that we have appointed Crowe LLP ("Crowe") as our new auditor with immediate effect. Crowe will audit the Company's full year results for the year ending 31 March 2020."

[effortless cool] 24/9/2020 14:18

It's not an adequate excuse. Other much more complex companies have managed to get their accounts issued much more rapidly.

The timing of the accounts this year, combined with the disastrous failure last year, would seem to clearly indicate that the leadership of the finance function is not up to scratch.

[melody9999] 24/9/2020 13:30

no excuse for the delay in releasing accounts for period ending 30Mar20. management need a kick up the backside. ...unless there is some exceptional reason for the delay that we are not aware of.

meanwhile VLG results out for period ending 30Jun20

[football] 24/9/2020 11:39

sikhthetech24 Sep '20 - 11:23 - 6861 of 6861

"Definitely a "sell on the news" reaction then"

It's called a pump/dump... as expected then... ;-)






Totally crushed on their results was a pump and dump and as well?

how does anyone make money buying shares at £3 all the way down to 15p
and every placing fully loaded so they say if they are not shorting the stock?

[sikhthetech] 24/9/2020 11:23

1gw

"Definitely a "sell on the news" reaction then"

It's called a pump/dump... as expected then... ;-)


sikhthetech27 Jan '20 - 14:49 - 3973 of 4004 Edit
I bought some earlier...purely on the basis the Coronavirus will keep people interested and 1gw and his mates are pumping these....

Will look at selling before any TU...

Obviously 1gw won't be selling ANY as he's confident of a major deal closing soon, will you 1gw???
;-)


It's nice to have an investment decision proven right so conclusively BY EVENTS.

[riddlerone] 24/9/2020 11:03

I think it needs editing and have a "boom boom" at the end.

[riddlerone] 24/9/2020 11:00

Made me laugh 1gw the oldest ones are the best.

[1gw] 24/9/2020 10:58

Just in case anyone has forgotten the awesome prescience of sikhthetech

------------------------------
sikhthetech 20 Feb '20 - 10:47 - 4540 of 6857 0 0 4

Brownson
"I fear byotrol has missed the boat. "
"The public (and commercial customers) will have forgotten all about this in another couple of weeks."

Exactly. Covid-19 isn't even front page news anymore.

[riddlerone] 24/9/2020 10:54

I see The Three Amoeba's are back in town

[sikhthetech] 24/9/2020 10:50

Brownson,

absolutely, disappointing results

Despite the spike in sales in Feb & March due to Covid and a FULL YEAR contribution from MediMark (fy2019 wasn't fy contribution), the results are very disappointing, as expected

They had a lull in summer activity as expected and shown by lack of repeat orders which I mentioned in previous posts.

It's nice to have an investment decision proven right so conclusively BY EVENTS. ;-)



sikhthetech20 Aug '20 - 14:58 - 6719 of 6855 Edit
Repeat sales - Home and Cleaning on Ebay - Byotrol 5l bottles:

over 2 months, they now show as 228 sold, was 180 in June.
Slowing sales.

They sold 180 bottles during the 1st 4months/early stages of Covid, and now only 48 bottles over the last 2 months, less than 1 a day, since lockdown easing started.
Therefore sales at Home&Cleaning have gone down from avg 45 a month to 24 a month, down a half.
I would have expected an increase in sales after lockdown started to ease with shops, transport, offices started reopening.

[football] 24/9/2020 10:25

Rns B- could of been better



The one line I like is "expects them to favour technologies like ours, presenting exceptional growth opportunities for the Group at home and abroad" so far east deals maybe?

[1gw] 24/9/2020 09:34

I think that's maybe a little harsh brownson. The company positioned itself well over several years for ongoing and anticipated regulatory change, and then found itself in the right place at the right time when the coronavirus demand hit.

As long-term (and especially as short-term) shareholders we tend to want everything immediately, so we have an option to take profits, but the direction of travel here is clearly good (IMO). We may not have the opportunity this morning to take profits from the bounce that might have come from a material upgrade in revenue forecasts, but if you look at where the company has come from the current forecasts for this year are clearly good.

When (if?) coronavirus fades away as a concern, the underlying regulatory change drivers will still be there, and byotrol will be bigger and better-positioned to take further advantage from that. It has put in place several multi-year license agreements already and I think we can reasonably expect that at least one (and hopefully several) of those will mature through to material cashflow streams, with royalties exceeding any minimum guaranteed amounts. I think we can also expect that several more will be put in place in the next year or so, and the more there are the more chance there is that at least some of them do mature to the material cash-generating stage.

I think the future for their alcohol-free hand sanitisers is bright, and when the immediate crisis fades, there should be a real opportunity to continue growing sales to those fed up with alcohol-based ones. I was encouraged by what they said about Invirtu in that context.

And longer-term, I have to think that a buyout premium awaits somewhere down the line.