Stilo Share Discussion Threads

[clocktower] 21/2/2018 15:32

So SL - where do you think they could use some of the company cash pile to give a super boost to the company?

How about using the funds to buy a business that is associated with parasite identification software.

[stilolosses] 21/2/2018 15:12

Well.......... I am glad that you have taken the time to point this out.

Course, if I had so much as even have thought of posting this information our resident "market professional expert" would be referring to it as "more negative diatribe".

I have gone to pains to explain how incredibly minute the Dita market is and how it has not grown in the last 20 years plus. Especially the specific Dita area in which Stilo operates

It is going to take years for Stilo to grow their already minute revenues. Years of marketing, patience, innovation and new products.

The market is not going to grow anytime soon but what Stilo is going to have to do it do what they have done for the last 20 years but try even more harder.

Only 700 companies around the globe using Dita just shows how small the market is.
This fact alone is the only fact needed to show why Stilo have remained static for the past decades.

[xmlinvestor] 21/2/2018 13:31

Some market insights :

The DITA market consists of approx. 700 companies, mainly using this for technical documentation. Source: hxxp://www.ditawriter.com/companies-using-dita/ (the author of that blog is also working for one of the larger CMS-es may be regarded well-informed).

Of the 700, only a minority are large ánd use DITA on a substantial scale. At conferences such as CIDM : the presenters are commonly “usual suspects’ (see: hxxps://cm-strategies.com/2018-cms-conference/day1-agenda/ and compare to earlier years). Both in terms of customers and tool-vendors the market does not seem to grow much.

One of the key observations often heard has been that “DITA is too complex” for non XML authors to use. At the same time, the desire is to have “subject matter experts – SMEs” involved into authoring and reviewing DITA documents.

There are a few significant players specifically targeting this market.
• Author Bridge is a combination of the Open Source HTML editor “CK-EditorR21; and Migrate to realize a solution for DITA authoring for SMEs hxxp://www.stilo.com/authorbridge-landing-page/
• Oxygen Web-author is a web-application on top of desktop application Oxygen (together with Adobe’s Frame-maker probably the most popular desktop tool among XML specialists). hxxps://www.oxygenxml.com/xml_web_author.html
• FontoXML (mentioned earlier) is a ‘native’ web based XML editor – not (hxxps://fontoxml.com/) It is regarded to lead the pack in actual adoption but does not seem to focus on DITA specifically.
• Adobe has launched an extension on top of its Experience Manager. It has an on-board editor. hxxps://www.adobe.com/products/xml-documentation-add-on-for-experience-manager.html
• In addition, there are a few other, smaller players, such as EasyDITA, xEditor, ContentMapper that offer smaller solutions.

While there are a number of vendors only a few adoptions seem to be really substantial (Stilo’s has its project at IBM, Fonto and Oxygen have presented some compelling DITA success-stories). However, the market is not very transparent as many of the players are privately held (and fairly small, most of them expected to be <10 M in revenue).

Conclusion: while the DITA market seems to be have enough potential for players like Adobe to step in, it is unclear how much of a ‘mass-market&#8217; authoring is. Stilo is emphasizing the cost-effectiveness of Author Bridge and both Oxygen and Fonto offer a free version of their software...

[stilolosses] 20/2/2018 23:36

So what part of the Stilo and Astoria agreement do you think is negative diatribe?

Is it the bit where they talked about 2 clouds making thunder?

Its very common for companies to launch new products with so much hype and expectation only to be brought back down to earth when they realise that there was a huge difference between their expectations and what actually happened.

Again, it will be nice to see in 5 years time where Author Bridge did end up.

Same as Omnimark and Migrate, better or worse?

[mudbath] 20/2/2018 08:55

Surely not even more negative diatribe StiloLosses .
Time to get out into the sunshine maybe ?

[stilolosses] 19/2/2018 22:59

In the agreement between Stilo and Astoria where they talk about "Two Clouds Make Thunder"............5 years on, from where I am sat I could hardly hear "a squeak", let alone "a thunder"!

[stilolosses] 19/2/2018 22:57

I will certainly be able to copy and paste some more information regarding contracts awarded by major customers to Stilo International over the years, especially for thier revolutionary products like Migrate.

Just because one paying customer says something tremendously fantastic about ones products does not mean that everybody is going to hold the same views and fall over themselves in going out and purchasing them.

We know Mike is the only person out of the 7 billion people on planet earth who is qualified to make such a judgement on Author Bridge.

You may be absolutely right about that. Mike at IBM is the only person on planet earth who knows exactly how Author Bridge is going to be taken up, the timescales involved, the scale at which it will be utilised etc, etc, etc.

Over the years, and no doubt in the years ahead, recommendations and accolades will come by the dozens but thats all they are "recommendations and accolades".

In 5 years time it will certainly be nice to see on what scale Author Bridge was taken up: Just a bit or a lot more than just a little bit.

[stilolosses] 19/2/2018 22:39

Good evening Mud!

I thought I would take the opportunity to again demonstrate to you that just because a paying customer says something positive about anothers products (Stilo's, of course), 9 times out of 10 in turns out to just be words and nothing else. If it is something else, it normally tends to be very, very, very low scale.

To date this has always been the case with Stilo International. Very, very low key of just a few thousand dollars here or there.

If you care to read the comments below relating to the agreement between Stilo's revolutionary Migrate tool and Astoria, pay attention to language like "2 clouds make thunder", etc, etc, etc, etc and so on.

This agreement was made back in 2013 and there are numerous significant agreements similar to this that Stilo have with many, many world leading partners.

Thats all that they are: agreements that normally always lead to very small financial commitments to the tune of just a few thousand dollars here and there.




--------------------------------------------------------------------------------

Astoria Software, a division of TransPerfect, today announced that it has entered into a partnership with Stilo International plc to incorporate Stilo’s cloud content conversion service, Migrate, into the Astoria Component Content Management solution. The agreement establishes a one-stop business relationship between Astoria Software and customers of the Astoria Component Content Management solution, and the partnership unites two companies whose products are leaders in the technical communications market. Astoria Software and Stilo International will showcase Migrate and Astoria at the Center for Information Development Management’s Content Management Strategies/DITA North America Conference April 15-17, 2013, in Providence, Rhode Island.

Two Clouds Make Thunder

The combination of Astoria and Migrate joins together the world’s first SaaS solution for Enterprise-wide XML Component Content Management with the world’s only real-time cloud solution for content conversion to XML. With these two services, Astoria Software brings the benefits of cloud XML content creation and management to a new audience of users: those who have previously built technical material with unstructured tools.

“Cloud services drive much of the innovation in business today,” said Michael Rosinski, President and CEO of Astoria Software. “A formal partnership with Stilo International allows Astoria Software to extend the enormous benefits of XML editing and XML content management to customers struggling with the high costs and inefficiency of business processes built around Microsoft Word and Adobe FrameMaker.” Rosinski explained that the partnership between Astoria Software and Stilo International lowers a significant barrier to the world of DITA by allowing users to convert content through a portal interface and then load that content into Astoria On-Demand. The content may also be loaded easily into Astoria On-Premises installations.

Commenting on the new partnership, Les Burnham, CEO of Stilo International said, “We are very happy to be working closely with Astoria Software. Migrate significantly streamlines the traditionally time-consuming and error-prone process of content migration. Now Word and FrameMaker users have complete control over content conversion and content authoring, and everything runs in the cloud.”
24×7 Access to Content Conversion and Content Management

The Stilo Migrate and Astoria On-Demand solutions will be available to users 24 hours a day, 7 days a week (except during scheduled maintenance periods), from any location in the world. Customers will access an Astoria Software-branded conversion portal where they can upload and convert content from Word and FrameMaker into DITA-compliant XML. Customers will have complete control of content mapping rules and exception handling. Converted content will transfer to a customer’s Astoria On-Demand or Astoria On-Premises instance. Customers will have complete control over placement within Astoria, and all content relationships will remain intact. Astoria Software will manage all customer fees and support to ensure a single-vendor experience.

About Astoria Software
Astoria Software is the world’s most successful Enterprise solution for XML Component Content Management and the first to deliver both an Enterprise-wide SaaS/On-Demand and an On-Premise approach to structured content management. Cisco Systems, Teradata, ITT Fluid Technology, Siemens Healthcare, Northrop Grumman, Citrix, and other Forbes Global 2000 manufacturers rely on Astoria to meet increasingly competitive demands for product documentation — high volume, accelerated time-to-market, and globalized output. Astoria Component Content Management, whether On-Demand or On-Premise, is an enterprise-wide solution for Translation-Enabled Content Management, reducing documentation costs up to 90%, compressing product launch times from months to weeks, and generating productivity and management benefits with its flexible delivery model. Astoria Software, a division of TransPerfect, Inc., is based in San Francisco, California. For more information,

[michaelmouse] 19/2/2018 07:30

Link to blog for those interested:-

[stilolosses] 18/2/2018 16:00

Michael I may be sounding greedy and impatient but growth is needed now.

Its well, well overdue by about 20 plus years.

Nothing wrong with wanting that surely.

You are absolutely right. A special one off dividend was given way back in 2013 and with the cash pile growing and being where it is management made the conscious and probably the sensible decision not to make any further special dividend payments since.

I think what they are doing is good. Make an announcement that they would like to pay one off special dividends from time to time and just leave it at that for a long time. Its a good management skill. That way you keep people interested.

Come end of 2018 I am sure we will be in the same position as we are now and we will be saying, "bring on 2019".

Again, until they do not put that Author Bridge team together, get Author Bridge ready and increase those bottom line figures it is going to take time to get that growth.

For me, they need to get the money in, put it in the bank and only then, once they have it there, can we really say that growth is stating to happen.

Like I said earlier, it is a shame that in February 2018 they are still trying to recruit new staff to complete that important team. I have no doubt it is going to take some time yet for them to interview, recruit and then to get the right people in place. I would add another few months which takes us into mid 2018 and by the time they start that important process it would not surprise me in the slightest if Author Bridge is not ready until late 2018.

They then need to get customers and then those customers need to go through their processes before they even start to make any payments.

I am looking at them hopefully having Author Bridge ready by late 2018 and for it to hopefully starting to contribute in 2019.

Earlier would be nicer but they still should not have left it this very late to even start recruiting staff.

Sometimes, I say to myself that they "could not make it up if they tried"!!

Then again, I can see what Mike from IBM said about "multiple years" about getting something like this ready.

[stilolosses] 18/2/2018 15:39

Bless you Mud.

I certainly do not have a jaundiced view of Stilo. I too am a shreholder but not one that is simply going to roll over and accept everything at face value.

I want, and I am sure a lot of investors want real proper growth not same to what they did 20 years ago, 10 years ago or 2 years ago.

Growth is desperately needed here after years and years of promises and expectations.

Nothing wrong with that.

Then again, you may say that is a "brain dead submission".

Stilo, clearly still have challenges to overcome. Until they do not generate additional revenues and profits; until they do not get Author Bridge ready; until they do not increase the all important Migrate revenues that they have not been able to in any real way for 10 years, Stilo will continue to remain static where it is in terms of those all important underlying figures.

The relationship between IBM and Stilo International and the work, developments and associations that they have had over the years span to well over 20 years with all their products in Omnimark, Migrate and now Author Bridge.

You could easily go back and and obtain all those other tremendously fantastic, glowing reports that IBM made about Omnimark and Migrate and all the other countless jobs that they have both worked on.

Omnimark and Migrate too have filled an ABSOLUTE CRITICAL VOID over the years both for IBM and countless other customers.

Again, can I please take this opportunity to remind you that Mike Iantosca has been working in this industry for decades.

On the end of the day Mike is a paying customer and he has no ability as a paying customer to be in any kind of position to know how Author Bridge will eventually be received, be it 2018, 2019, 2020 or later.

As a paying customer he is obviously pleased with the progress made with Author Bridge so far and as he has CLEARLY stated their is still a lot more that he would like to see done.

I think we can all remember how the same glowing reports and accolades were given to Migrate and how that tool too was going to take over the world in the Dita market. As we now know it never did, least not yet.

The same can be said about Omnimark. I am sure you can get all those amazing references, reports and accolades that were received from "professional market experts" back in the day. Again, we all know how that too turned out to be far from the truth.

Stilo, to date have done a wonderful job to be where they are but just as much hard work, effort and, crucially, time is something that they need in abundance in order for them to slowly and steadily move to the next phase of revenues.

For this to happen everything has to happen in tandem in terms of Omnimark, Migrate and Author Bridge.

No good having a 80% increase in Migrate, 70% drop in Omnimark and then some Author Bridge. Everything has to work in tandem and as we all know to date this simply has not happened.

In order for that to happen Stilo have to work a lot, lot harder, get a team put together for Author Bridge and start marketing more aggressively. Mind you they have been marketing aggressively anyway. Its just not their fault that they are not able to turn the key on revenues and profits.

Mud if you are aware of any real significant financial customer contribution that Author Bridge has made then please do share it with us. To date the only small licence agreement is with IBM and the other small organisation in the States.

To me personally, 4 years on I would rather have had a big massive revenue generating Author bridge agreement with some company rather than a few thousand dollar, small agreement with IBM.

No good Stilo placing a certificate or placard on the mantle piece in "Head Office" shouting about the IBM agreement with hardly any revenues to show for it.

Stilo now need to put a team together now for Author Bridge and crack on.

As Stilo management have said the agrrement with IBM will serve as a good "reference".......Not my words but that of Stilo management.

[michaelmouse] 18/2/2018 15:31

Just seen your post mudbath. That's the beauty of this company, particularly such a tiddler. Very strong financials and the potential for sudden and strong growth.

[michaelmouse] 18/2/2018 15:27

SL - With respect you just keep repeating the same old diatribe about historic performance and attempt to put a negative slant on everything when in fact the financials are in excellent shape. In fact, you never mention the all important figures. Why is that I wonder?

Incidentally, with all your historic research you should be aware that Stilo have already paid a special dividend in 2013. The total dividend was 0.15p making the return for that year a very healthy 5% (sp was about 3p at the time). The special was 0.1p.



"the Board has declared an additional Special dividend paid of 0.1pence per share, making a total dividend payable of 0.12pence per share."

At the time, cash on the balance sheet was just over £1m. It now stands at over £1.6m making a special dividend payment easily affordable.

AuthorBridge hasn't been released as quickly as hoped but it's better they get it right. If it proves to be a success then the wait will have been more than worth while.

I agree that last year's revenues will probably be around the same as 2016. What does that mean then exactly?

It means profitable, generating cash, further strengthening the balance sheet and a continued progressive dividend policy. What else is investing about? Oh yes, growth!
Well, Authorbridge will eventually contribute to revenues and possibly very significantly (not forgetting Migrate JATS as well). So there's your growth story on top of a very solid financial backdrop.

Bring on 2018!!! ;)

[mudbath] 18/2/2018 14:54

Rather than dwell on such a jaundiced view of Stilo and in particular of AuthorBridge, it might be more beneficial to revisit Mike Iantosca's thoughts which he so kindly provided recently.

"Stilo AB has filled a critical void and I am rooting for their continued and growing success with AuthorBridge....Their only real competition is Fonto .... If Stilo plays it right they can pick up real market share. Like I said, it all depends on how Stilo executes."

A key observation from Mike Iantosca here was "CONTINUED AND GROWING SUCCESS WITH AUTHORBRIDGE."

A rather different conclusion then than that imagined by StiloLosses today,namely

"For the last 4 years they have only managed to implement Author Bridge on an incredibly small scale for 2 customers."

[stilolosses] 18/2/2018 13:51

Michael nice to hear your views again and I will certainly attempt to make my current "theme" on Stilo more current. I can only try.

Then again..........

Anyway, in relation to Stilo not giving a trading update, I can confirm that they did their last Trading Statement back in January 2015 and the Trading Statement that they did before that was as far back as 9 years previously in January 2006.

In relation to any current Trading Statements I certainly am not expecting Stilo to resume this practice any time soon since they decided to do the last one after a 9 year break in 2015 and then suddenly decided to stop doing them altogether again. Only management would know as to why they decided to have a 9 year break, resume them in 2015 and then stop doing them altogether. My personal belief is that they probably decided that the 6 month and 12 month reports would cover everything and there just wasn't anything that they could write about and update the market about in between.

As it happens, there hasn't really been anything they have been able to give in a Trading Statement because in all honesty they haven't had anything to report on.

Personally, I think it was a really bad management decision to take a 9 year break to then do one single Trading Statement in 2015 and then to stop doing them altogether again. What they should have done is they should simply had left the policy as it was since 2006. Not to do one single one in 2015 then realise that they got nothing to write about and to then stop again.

In terms the overall 2017 numbers and managements expectations, I personally believe that revenues and profits are, after yet another 12 months, going to be relatively flat. I am not expecting them to make any real progress on revenues and profits for 2017. We know they don't have any cash issues and cash generation is good.

If overall earnings do turn out to be similar to 2016 then for myself, and I am sure for a lot of investors, it will yet again be another 12 month period of static movement on this front. Another disappointing year end after so many expectations yet again.

On the dividend side, as we all know, as they have enough cash in reserve and they will automatically have to pay an increased dividend. This for Stilo is an absolute must because they have clearly set this to be their policy and they know perfectly well that investors will be very annoyed if they even thought of deviating from this policy. They didn't pay a dividend for many, many years and now having starting paying it they know perfectly well that they have to continue paying it. It may be a small dividend but at least its being paid.

I noticed on your blog that your first post Stilo was in June 2016 and back then you too, along with most of us, was expecting Author Bridge to be up and running. In your subsequent posts you too, again, like most of us, was then hoping that Author Bridge would be up and running in 2017. Unfortunately, Author Bridge still is not ready.

I remember with your first post in 2016 that you pointed out how Stilo was able to increase Migrate revenues in 2015 by an impressive 61%. We were all expecting these important Migrate revenues to increase again in 2016 but they actually ended up going down massively.

Now it will be very interesting to see what those important 2017 Migrate revenues will be as in the first 6 months of 2017 they went up by 34%. Even if Migrate revenues go up by 50% for the whole of 2017 they will still be on par or lower than the Migrate numbers achieved in 2015. We have to understand that Migrate is a very, very important tool for Stilo and if, and I am sure they will, Migrate revenues do end up being around 50% up for the whole of 2017, they will still be less or just about on par with what they was for the whole of 2015 due to the massive drop in 2016.

Again, for me, and I am sure for a lot of investors, it will be another disappointment that those very important Migrate revenues at the end of 2017 are similar to what was achieved in 2015. Disappointing that no movement on this important front in 24 months. By now Migrate revenues should have been achieving a lot more than what they were achieving back in 2015. Not to be lower.

I also noticed on your blog that you have not posted on Stilo for over 19 months, since September 2016. In all honesty, as we all know, there has not been any real progress other than the normal slow, arduous, time consuming and painful progress that we have all come to expect from Stilo International.

I know the company said that they will grow their portfolio of solutions and enter new market sectors. But what does this really mean in practice when it comes to being able to do this in terms of timescales.

Unfortunately, what they are actually saying is this is what they would like to do long term. It is not something that they are going to be able to achieve in a year or two. We are talking multiple years. For Stilo to actually develop their portfolio and enter new markets really is going to be a very long winded process. What they will do is just chip away at this year after year.

Lets not forget that during the last 20 years or so they have only been able to enter the Dita market with Omnimark and 10 years ago with Migrate. Having been one of the top players in this market sector they have not been able to increase those important numbers.

When they do go into the new Jats market, just like they did with Migrate in the Dita market some 10 years ago, they will find that they will have to spend big in order to get established in that market in order to start generating incremental revenue growth. They are going to have to undertake a lot of marketing to get established in a new market. No doubt about it. This is certainly going to be a long term programme developing into new markets. And, like I keep pointing out, developing new products and entering new markets is a very, very long winded road. No doubt Stilo management know all about this.

On AuthorBridge........Will it be ready in 2018?

Like I said earlier we were all expecting Author Bridge to be ready in 2016 and then again in 2017 and now 2018.

What we tend to get at the start of each year for Stilo as a whole and also for Author Bridge in particular is great big expectations and by the end of the year most of us end up saying "well, its not happened this year either". Naturally, we start the cycle at the start of the year again and end up in the same situation at the end of the year.

I believe that it is still going to take quite some time for Stilo to get Author Bridge up and running. Don't get me wrong I think management has been trying for the last 4 years but its just not happening yet.

As it happens on their website Stilo are at the moment still trying to recruit both a junior and senior member of staff to come on board and join them on the Author Bridge side. That again clearly demonstrates how long it is going to take for them to get Author Bridge up and running.

For the last 4 years they have only managed to implement Author Bridge on an incredibly small scale for 2 customers and to date are still trying to recruit new staff members to come and join them, both junior and senior, so that they can then complete the important work that they need to do. That, 4 years on, really is mind boggling and again clearly demonstrates why it has and will continue to take them some serious time to complete what is needed in order to get Author Bridge ready.

Also, lets not forget, they are not simply going to be able to complete this work and then get customers to come on board immediately. It is going to take time. Time! Time! Time!

I believe that it is going to be at least 2019 end before we are really able to see, once Author Bridge hopefully is up and running, to see what kind of an overall impact it will have on that bottom line together with the fluctuations with Migrate and Omnimark.

On the acquisition and special dividends...........

As Stilo are recruiting new staff, paying dividends and having more of a market spend, I certainly do not think that they will be able to make any special dividend payment any time soon. I think this too is going to be quite some way off. I hope it isn't but I feel that they are not going to be able to make any special dividend payment and continue with those other commitments. It would be nice but I think this is something long term.

In terms of acquisition. What are they going to be able to buy with what they have in the bank which will really make a difference to Stilo any time soon. I do not think there is much chance of Stilo making any serious acquisition yet as they simply have not got the kind of reserve that will allow them to increase their market and recruitment spend, pay special dividends and to make an acquisition. For the time being I am expecting them to make no special dividends or any acquisition.

Many years ago Stilo said that they wanted to create "shareholder value" and it was some 5 years later when they then started to pay dividends so this should give some indication about special dividend timescales.

In closing, I must admit though that when they do publish their 2017 end results, and I am sure they will be in line with management expectations, it will be most interesting to see, once those numbers are delivered, what those "all important management expectations was for the whole of 2017".

Nevertheless, I think they should have put a team together for Author Bridge some 4 years ago but least they are putting one together now.

[michaelmouse] 18/2/2018 10:00

Thank you both. I've reproduced the post on my blog with links to my historic comments.

Results were published on 16/3 last year, I'm sure they'll make interesting reading this year. They've already stated that AuthorBridge sales will have been negligible in 2017, but will it be a more significant contributor in 2018?

Migrate sales were up 34% at the half-year and we must not forget that Migrate JATS (a new addition) could also gain traction in 2018.

Let's not forget that recurring revenues also grew 18% at the half-year and made up 51% of total revenues. This provides terrific financial stability.

To repeat my earlier statement. At worst the company is conservatively priced and at best extremely undervalued on future prospects.

[mudbath] 18/2/2018 09:09

Good post michaelmouse.
Thanks for your positive input.

[firth] 17/2/2018 19:36

Now that is what I call a positive post Michaelmouse!!!!

[michaelmouse] 17/2/2018 17:46

SL - I feel you're letting a personal vendetta with mudbath cloud your judgement. Every single post that you make is historic and negative and blind to the investment opportunity in Stilo.

Firstly, let's deal with results for 2017 which will soon be announced. Since we have not received any trading updates (year end was December 2017), I think it relatively safe to assume that they were in-line with management expectations.

This implies continued profitability, excellent gross margins, cash generation, a very healthy balance sheet and no debt. They will undoubtedly pay a dividend and, overall, I think we can expect an increase on last year's payout.

That's pretty good for a company currently valued at just £5.4m. Even better when you strip out the cash on the balance sheet of £1.6m i.e. the business is valued at around £3.8m. My guess is that earnings for 2017 will be similar to last year (see half-year results) giving a p/e ratio of around 12 (minus cash basis).

On those figures alone it's a pretty safe and solid investment for such a minnow.

However, all eyes are on 2018 now. If AuthorBridge does finally begin to contribute to revenues then the bottom line will grow far more quickly than you suggest because of the very high gross margins. Operating costs are well controlled. In fact, revenues don't have to grow exponentially to make a big difference to the bottom line.

In conclusion, the shares are at worst conservatively priced and (depending on progress with AuthorBridge) possibly very cheap. In other words, I can see limited downside but huge potential upside.

It's also worth noting that in May they said this:-

"The Company remains un-geared, and cash balances at 30 April 2017 stood at £1,560,000 (31 December 2016: £1,466,000). Current levels of cash will serve to fund additional development, sales and marketing efforts as we look to grow our portfolio of solutions and enter new market sectors. It will also be used to assist with potential acquisitions, whilst providing an appropriate financial reserve for the business. Ongoing, it is the Board's intention to maintain a progressive dividend policy with scope for special one-off dividends as may be deemed appropriate from time to time."

A special dividend would be very welcome and an acquisition would be very significant for a company of this size.

[stilolosses] 17/2/2018 16:47

Our "BOD enjoy clear visibility and have an appropriate strategy is in place regarding upcoming developments".

This policy has never changed. It's just that it always has and always will take multiple years to bring to fruition.

[stilolosses] 17/2/2018 14:29

Well...........I certainly wasn't expecting you to push the boat out on my last positive post about Stilo International and come back with a response. But, good for you.

When you are normally asked anything remotely challenging, it's quite normal for you to swivel up and curl up into a corner.

Maybe you was floating your ice cream with coke on your ship when you felt the urge to come back with a fantastic response.

Nice to see that you are attempting to float this one off with your normal CHURN of UNSUBSTANTIATED FAKE NEWS.

Many, many, many, many years ago some institutional investors did come on board and we all know that they decided to leave just as quickLY as they arrived because they realised the huge, massive market size opportunity that lay ahead of them and the gigantic financial rewards that they could achieve by investing in Stilo.

Mind you, some do argue that having institutional investors is a great thing whereas others argue its a "brain dead submission"

All those institutional investors saw all those years ago the "appropriate strategy" Stilo had in place with "upcoming developments" in the following years:

Upcoming Developments in 2000
Upcoming Developments in 2001
Upcoming Developments in 2002
Upcoming Developments in 2003
Upcoming Developments in 2004
Upcoming Developments in 2005
Upcoming Developments in 2006
Upcoming Developments in 2007
Upcoming Developments in 2008
Upcoming Developments in 2009
Upcoming Developments in 2010
Upcoming Developments in 2011
Upcoming Developments in 2012
Upcoming Developments in 2013
Upcoming Developments in 2014
Upcoming Developments in 2015
Upcoming Developments in 2016
Upcoming Developments in 2017

In all those years that have passed so, so many institutional investors have decided to stay on the sidelines and Stilo management kept them at arm's length "quite deliberately" because they were so petrified of the "horrendous external influences" that they would have.

Over the years, I assume, Stilo International made "absolutely no attempt whatsoever" to approach any institutional investors because they "simply didn't need them".

Course, again, I think you are totally correct in stating that it was in fact "the other way round". What actually happened is that all those many, many, many institutional investors that came knocking of Stilo's doors had such terrible demands that Stilo decided to rebuff them all. They came looking for Stilo International and each time they came looking Stilo "rebuffed every single one".

Every single one of them made such unacceptable demands that Stilo felt it was appropriate to rebuff "every single one".

Just to clarify, Stilo then, I assume, has never had the need to go looking for any investors as they have always been able to hold their own and in doing so I think it probably turned out to be a good thing.

Least Stilo have been able to create fantastic shareholder value since.

Well, least with all the current institutional investors Stilo has no issues with any "external influences".

In the meantime, I suppose, your FAKE NEWS spanning the last DECADE hasn't given Stilo management cause to be concerned about "external influences".

[mudbath] 16/2/2018 09:00

Felt that I just had to award StiloLosses a bit of Crypto for his latest brain dead submission.

[mudbath] 15/2/2018 18:28

Regarding institutional investors,Stilo have received approaches but have rebuffed these; for those wishing to take a stake had sought some form of "inducement".
STL have no need extend their share register and thus potential external influences as the BOD enjoy clear visibility and have an appropriate strategy is in place regarding upcoming developments.

[stilolosses] 15/2/2018 13:36

POSITIVE POST NUMBER 5

We really are fortunate to be in a privileged position to have so many institutional investors who have been on board for quite a number of years. Going forward, no doubt, a lot more will be coming on board any time soon.

If fact, I have lost count how many institutional investors we currently have.

I can recall a few years ago our own resident "professional market expert" alluded that one lady who bought some Stilo shares was in fact one of the very workers who was working for IBM with the Author Bridge product.

As we all now know this was actually true. I am sure of it. A person who simply decided to buy some Stilo shares did in fact turn out to be an important member of staff on the IBM team but she has not been allowed to confirm this. In fact nobody has.

Nevertheless, this really, really is positive news for Stilo investors and it certainly has had a significant material impact on the share price.

I am sure that as time goes on we will continue to get a tremendous amount of institutional investors coming on board.

This bodes well for us and is and will continue to be a very positive thing for us investors.