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SIS Science In Sport Plc

15.75
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Science In Sport Investors - SIS

Science In Sport Investors - SIS

Share Name Share Symbol Market Stock Type
Science In Sport Plc SIS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 15.75 08:00:00
Open Price Low Price High Price Close Price Previous Close
15.75 15.75 15.75 15.75
more quote information »
Industry Sector
LEISURE GOODS

Top Investor Posts

Top Posts
Posted at 22/2/2022 13:58 by sphere25
Another big exchange gone through at 59p of 5.367m, which is about 4% of the company. Very notable exchanges as buyers attempt to arrest the decline in the downward trend by clearing sellers.

It is hard to tell if this is a short term top with another leg lower (as sellers keep on coming in, feeding in shares to the market and exhaust these buyers) or whether these huge clear outs are sufficient to have cleared all major sellers to allow the price to find some steady footing. The external market influences are very fluid right now too.

This type of action shows the amount of buying needed (even if to temporarily halt the downtrend) when markets get extremely bearish on these higher multiple growth shares. There are alot of shares out there where the buyers in size continue to refuse to step in the way and the down trends continue with no end in sight.

SIS is in that category of higher multiple share so interested to see if the exchanges here are enough. Clearly the multiples are nowhere near the likes of where ARK shares in the US, ITM, CWR, AFC, PODP, TRST, DARK, MADE, THG etc etc etc etc... got to (and indeed still are) so one up for debate as big exchanges happen on the bullish and bearish front.

Who will be right? I guess we wait and see.

I would love to buy back in the 30's again (ha) but I am a greedy dreamer too. What a contrast to times back from late 2021 where we had it so good, I mean so damn good! Now it is much more difficult and defence has to be played.

Beyond SIS, no notable action out there in the shares I watch to signal buyers are willing to step in the way yet to clear sellers in size.

How about some big director buying post results season to send a bullish signal where investors should consider buying in too?

A few things to look out for but Putin rules the roost right now.

Certainly not easy to make returns at the moment!

All imo
DYOR
Posted at 11/2/2021 11:44 by sphere25
Recent note:

"Liberum: SIS shares remain cheap

Science in Sport (SIS) has put the building blocks in place to deliver growth and its shares remain cheap, says Liberum.

Analyst Adam Tomlinson retained his ‘buy’ recommendation and target price of 80p on the sports drinks company, which closed up 2.3%, or 1p, at 45p yesterday.

After a ‘resilient full year 2020’ and a positive capital markets presentation, ‘the building blocks are now in place for SIS to deliver long-term profitable growth’, Tomlinson said.

‘Management217;s confidence in returning to pre-Covid-19 top-line growth rates was clear and this has set the basis for new medium-term targets of £100m of sales…,’ he said.

Tomlinson added that margin expansion will be supported by ‘supply chain consolidation and leveraging the well-invested cost base’ and that the shares remain cheap on a current year 2021 embedded value/sales [multiple] of 1 times versus peers on 2 times."

Again as per posts today on broker calls, it's all too bullish. Also don't like it when we have to talk about valuations in operating metrics based on sales rather profits and cashflow so perhaps pushing the boat out here more than usual.

The thing is though, that is the kind of market we are in! The valuations aren't giving any guide to future performance and what appears to be expensive has continued to go higher and become more expensive.

Folk will have noted alot of my terrible selling based on what I have thought was a fairer value after realising good gains in alot of highlighted shares, except the near majority of those have carried on going higher so it really has been one of those markets that continues to surprise.

Furthermore, the US appears even more bullish than the analyst above. If SIS was offered to US investors, they'd look at that operating metric of 1 and double it and more in a flash so you'd probably end up smashing through the 80p target in one fair swoop.

The path of least resistance continues to be up regardless of views on valuation. Looks like we've got stuck here atm but more bullish updates and the re-rates in the likes of SIS will continue.

If something changes for the worse at some point in the future, then clearly have to give back some of the gains.

All imo
DYOR
Posted at 23/6/2020 14:58 by skyracer
I used to buy the 40g bars to use before and after training. However I got fed up with the wild swings in price from 60p per bar to well over £1 a bar. IMHO the marketing people haven't a clue and are trashing their brand. They needed to encourage loyalty and reward repeat purchases. Anyway they drove me to find an alternative : Nairns Oat Bars 40g, 50-60p per bar, same nutritional value. Nice range of flavours. My favourite is CaCao and Orange (Apple and Cinnamon is nice too). SIS will have to spend more and more to keep turnover growing. A quicksand trap for investors.
Posted at 07/4/2020 03:18 by buywell3
To all Institutional Investors:

buywell knows his chart onions better than most.

He has tried to give some pointers eg:

buywell3 - 08 Jul 2019 - 14:46:22 - 329 of 358 Science in Sport - SIS

Chart now set up for another leg down IMO


Crowded market place this



and


buywell3 - 01 Jul 2019 - 09:46:23 - 328 of 358 Science in Sport - SIS

Miton sold some and AV. has bought quite a lot


Miton might consider selling some more





buywell is considering offering his considerable talents to run Chart classes with TA added as confirmation factor in key decision making based upon Chart pattern timing for Buy/Sell signals .

It would seem that a large classroom would be needed based upon the length of the list of you lot invested in this.

all IMO
no offence meant buywell is a nice avatar

dyor
Posted at 30/4/2019 08:31 by millennial
Company is a complete turkey, lets get the sharesoc investors in ,lol
Posted at 14/11/2018 12:59 by yump
I'm just surprised investors can't see the patterns. I thought this was on a 'revenue good', 'forget the profit' track ages ago and said so. Also as Skyracer says its in a market where you have to constantly spend on marketing and incentives just to maintain market share.

That was a known when floated, if you'd done research.

When they did post a maiden profit for the core business it was 300K on a big turnover and they quoted EBITDA, which of course they all do, when they want the profit to look better.

Looking back, if I had only ever bought into businesses that were making a clean profit when they floated, I would have a shed load more money now than I have got from the few investments in floats that I've made.

People seem to forget that their money is being used for experiments half the time. If you're going to 'invest' in those, it needs to be way, way earlier, before the float, then at least the ones that fly really do compensate for the dross.

Shares in ASOS before float - now there's a thought. It was profitable already.
Posted at 04/3/2018 20:27 by gunsofmarscapone
Its hard to be interested in this ticker given the market cap in comparison to the fundamentals of the business; it is an actual inversion of the characteristics of companies which I usually invest in.

However even though my subtotal knowledge of football is that it is a game for gentleman played by hooligans what is observable in this mass participation behaviour is....emotion, lots of it!

A negative EPS, circa 47m mcap, investment planned year on year. Looks fair value but with the unknown football factor to come. I would say, very well done to investors here if they have executed a disciplined buying strategy.

One possible negative though, is the association with cycling...
Posted at 22/3/2016 10:11 by glasshalfull
Yump raises valid points in the post above.

I've added some commentary in previous posts during the last week which indicate that the sports nutrition market is forecast to grow in the UK to £527m by 2019 & also that the Australian market is larger than the UK where SIS have established a market during the last 2/3 years. So this 8% CAGR in the UK, coupled with expansion in Oz plus continuing to take market share... should all hopefully translate into accelerating growth.

Cenkos provide the following summary on today's results, indicating that turnover should grow by +27% this year (£12m) & +25% in 2017 (£15m). These forecasts only include "modest initial revenue projections" as infrastructure is put in place.

Personally, I would hope that the company achieve 30% revenue growth in 2016, & also in 2017 with Australia materially kicking in.

I'd also like to see profitability & acknowledged that they consulted with shareholders in 2015 to determine whether to go for top line growth at expense of short term profitability. Hence the fundraise in Oct 2015.

My hope is that we begin to see operational gearing kicking in as marketing & e-commerce costs grow at a slower rate & revenues expand. Gross margin has remained around 60% consistently.

SIS broker has this to say,

"...Having raised a net £8.2m (November 2015) management has substantial resources to further grow the brand and has outlined investment plans for expanding the international and ecommerce teams. We believe that SiS is an attractive proposition offering investors exposure to the growing sports nutrition market in the UK and a sizeable global expansion opportunity.

The space has attracted frequent corporate activity in the past decade with take-out multiples typically around 4x Revenue versus SiS currently trading at a historic 2015A EV/Sales multiple 1.3x. BUY.

Revenue increased 18% to £9.5m (2014PF: £8.0m) with the Group significantly outperforming the UK sports nutrition market which was up 8% last year. There was a small increase in adjusted operating losses to £251k (£192k) with ongoing investment in sales and marketing whilst adjusted loss per share 1.4p was 0.4p better than our forecast, with the depreciation and amortisation charge lower than expected.

Management has now outlined the investment required to support its growth strategy, with a focus on driving its ecommerce business and the new international markets. In Australia SiS now has a fully owned subsidiary and, although early days, we believe it is making good progress; an office is now in place to support the full US launch with third party distribution agreements being discussed.

Accordingly we now estimate EBITDA losses of c£0.6m for this year and next (previous forecast £0.3m and £0.1m) as infrastructure is put in place with only modest initial revenue projections. We are also increasing our capital expenditure forecast this year by c£100k to reflect expansion of the ecommerce operation at the Group’s production facilities in Nelson, Lancashire.

As a high growth consumer brand - with rapidly expanding ecommerce and international presence - we consider SiS to be highly attractive. The Group has made a ‘strong start’ to the year and has significant momentum going into the important Q2 trading period with a number of additional growth drivers still to come through."

---

If revenue growth of 25%-30% compound is achievable then I'm sure there are quite a few suitors who will come calling. In an earlier post I provided the names of several acquisitors who may wish to add the brand & to a larger portfolio. Global giants such as GlaxoSmithKline & Reckitt Benckiser have done just that in recent years.

Kind regards,
GHF
Posted at 16/8/2015 16:48 by yump
I was pretty disappointed by DGS to say the least - a 'victim' of their own expansion aims at the same time as their main customer(s) having the merger wobbly. Felt it was one of my more secure investments even if the price got overblown a bit, seemed a secure business and valuation back at the float price.

Partly responsible for my comment on here about floated companies - they often seem to be transferring the risk to new investors, which is fair enough, but I thought I had assessed DGS reasonably well.

Perhaps they'll get back on track quite suddenly, in which case its a bargain.

However, I've been put off properly now, by the very poor information flow - as in more or less non-existent.

I think if they'd been really successful in expanding into new markets in Europe they would have been blowing their own trumpet. But nothing much reported.

Still got my original float stake as may as well sit on it - no chance to get out without big loss.

Recently took a small loss on KLBT as well - loss of confidence in anything managed overseas really.

Leaves me just in the home-grown ones: IDEA, INSE etc.
Posted at 09/4/2014 08:35 by yump
Yep. A lot of companies float to get more funds because they need them, as well as to pay back various previous lenders/shareholders. This is quite a big placing really - dilutes existing shareholders by 20%.

Some have a good organic growth record previous to float and so new investors don't take a hit, some aren't actually getting enough free cash flow to fund expansion, so there's a (hopefully) temporary profit hit, while the expenses all jump.

As you say there is a throwaway line about costs and lots of revenue/expansion talk.

I think the revenue expansion talk works well for very high growth tech. businesses (cloud, mobile etc. etc.), where profits have yet to flow. Not so sure about businesses that are ultra-competitive, with no IP, where the only effective defence is more brand advertising, which keeps on costing more.

I'm not getting any of these at the moment. Possibly looking again in six months or so.

It is quite good growth they are getting, considering the market. What it is actually costing to get that growth is a bit of an unknown. Have to try to see how the growth ties in with previous cost increases - if its going to be an endless cycle or not.

I'll have to get the slide rule out...

Crucial question when the results can be seen, is to what extent the float costs hit profits, or whether costs have jumped as well. ie. is the exceptional a slight red herring ?

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