Science In Sport Share Discussion Threads

[lafin] 12/12/2013 12:07

Small article in Moneyweek

[gix er] 07/12/2013 14:10

Its not difficult at all.

[gix er] 07/12/2013 08:27

Yump,

"The long-term contract has been signed with Science in Sport Asia Pacific Limited, a newly created company formed in New Zealand by a group of entrepreneurs with a track record in sport businesses, the food industry and logistics."

Check out the directors of the new co before you dismiss them altogether.

hxxp://www.business.govt.nz/companies/app/service/services/documents/90C565B28DEB7B006DD130252D9B2BA8

[ygor706] 05/12/2013 22:26

Clearly, SIS is pumping all potential profits into marketing at the moment (20% of net revenue was mentioned in the CEO interview) so the key question is how do you value the company? One interesting measure is market capitalisation to latest annual revenue. For Nichols that number is 4.07; Diageo 3.09; Britvic 1.24; C&C Group 2.11. Today's market cap of SIS is £12.88m and revenue of £9m looks doable this year. That gives a ratio of 1.43 which looks undemanding for a company with excellent growth prospects. This still looks a very tasty morsel for a bigger player and my believe is that it is just a matter of time.

[lafin] 05/12/2013 14:44

CEO talking about Interim results etc

[indiestu] 02/12/2013 18:52

Sorry Yump. No advantage in breaking into the Asian markets? Bet you wish you hadn't sold out. Sour grapes maybe?

[yump] 28/11/2013 12:46

There's no advantage in that deal at all in that announcement which is very misleading imo. In fact its not really a deal at all.

Its a long term contract with a startup, which is to all intents and purposes an SIS startup, although not owned by SIS.

A decent distributor contract usually involves agreements with distributors WHO ARE ALREADY distributing and have the retailer contacts sorted.

I was half tempted this morning until I read it.

Be curious to see if they're anywhere near breaking into profit on 4th. Dec.
I think its going to gobble money, but perhaps I'll be proved wrong.

I think they've come to market because the UK is becoming saturated with suppliers and the US is too difficult to crack, so they're going somewhere else.

[yump] 28/11/2013 12:33

I missed the 15 months thing, so that's actually around 4.9mln then.

So:
4.6
4.9
5.6

acclerating ?

[the weatherman] 28/11/2013 09:59

This looks to be a very good deal.

[lafin] 30/10/2013 10:31

Half Year results 4th Dec

"Science in Sport plc (AIM: SIS), a leading sports nutrition company, will announce its half year results for the six months ended 30 September 2013 on Wednesday 4 December 2013.



A briefing for analysts will be held at 10.00am on the morning of the results at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN. "

See RNS


about Buchanan

[lafin] 23/10/2013 18:59

Here are the figures from the admission document
Revenues

Year ended
31 December 2010 £4,633,318


15 Months ended
31 March
2012 £ 6,113,880
Year ended
31 March
2013 £ 5,522,240.





Note the 2012 one was for 15 months not a year.
SIS changed hands on 24/06/2011

"Revenue for the financial year ended 31 March 2013 was £5.5 million, representing like for like
revenue growth of 11 per cent. compared to the same period last year. Growth was constrained to
7 per cent. in the first half due to poor weather and adverse trading conditions. However trading in
the second half of the financial year was much stronger as a range of initiatives took effect,
resulting in second half revenue growth of 17 per cent. and final quarter revenue growth of 25 per
cent. This momentum has been carried into the new financial year.
The outlook for SiS is positive as it continues to invest in marketing, sales and direct selling to
drive revenue growth, underpinned by an increasingly effective supply chain. With current sales
momentum and the continued resilience in the sports nutrition category, the Board believes SiS is

well placed for strong growth in the coming year and beyond."

[yump] 21/10/2013 13:40

Hmmm - I don't get that. Be interesting to see the annual consumption figures month to month for the industry.

[redprince] 21/10/2013 11:53

I believe they blamed the harsh Winter for at least some of the slump in sales.

[yump] 21/10/2013 11:41

lafin
I mean the admission document that companies issue when floating.

This year looks to be jumping revenue, but the last 3 look like this (March year end)

2011: 4,633,318
2012: 6,113,880
2013: 5,522,240

So the obvious question is why did revenue drop last year, in a period when sports supplement sales are growing overall ?

Did they just not do much promotion/product development, which is why revenue fell ? Or is promotion/product development required in a big way, to keep up in a competitive market ?

I guess the answer will appear at interims, when costs can be seen, in relation to the increase in revenue.

Or, as the cynic in me is thinking: as all the sports supplements sites say more or less the same thing about how their products are tested, approved, free from dodgy stuff, used by top athletes etc. etc. is the market just simply one in which its very difficult to differentiate yourself, except with 'image' marketing, which is ultimately pretty expensive.

[theuniversal] 18/10/2013 18:28

could someone put a view counter on here so we can see who's been interested in sis forum?

[lafin] 18/10/2013 15:11

The Sir Chris Hoy and Science in Sport video has now had over 10,000 views on
You Tube

[librag] 16/10/2013 12:32

RP; I'm out @ 66p and 68p from the way up so missed the peak but happy enough. This is one to watch IMO and I'll be interested in 2 things;
- getting in if share price goes lower but ?when
- exactly how CNKS make a market and Darwin feed it. I'm into patterns. :)
GL

[redprince] 16/10/2013 11:57

Next piece of significant news due here is the US launch due around year end or New Year.That should give this a lift.

[librag] 16/10/2013 11:31

Absolutely spot on - and the common denominator is? ...

[allini2] 15/10/2013 19:49

Up and down, down, down she goes, round and round she goes in a spin oh what a spin shes in. No different to PXS

[ygor706] 10/10/2013 14:04

I was doing a bit of number doodling over the weekend a d worked out what enterprise earnings equated to 10m of turnover for both AG Barr and Nichols. The answer came out at well over £1m. SIS is much smaller and I've no idea how its margins compare but by applying a 25%+ haircut to the earnings numbers and a broadly similar PE to SIS as the other two I came out with a share value of around 75p. May be complete nonsense but it gave me a bot of comfort! We have experienced if ageing management here. My money is on a takeover and earlier rather than latter. This thing is just too small and interesting to survive.