Stilo Share Discussion Threads

[mudbath] 23/5/2019 07:54

"Orchestrated"

The one word that sprang to my mind also michaelmouse,on reading the RNS.

I don't think SL will engage with the " beautifully" bit ;even though his 12 year old's AGM statement guess was way too bullish.

[michaelmouse] 23/5/2019 07:35

Well there's the profit warning! They've also stated an intention to reduce operating costs in the next few weeks i.e. proposed de-listing I'd anticipate? Following de-listing the second half trading will no doubt see a marked improvement, "Albeit the Company is involved in several new contract bids that could materialise later in 2019".

Beautifully orchestrated!!

[mudbath] 23/5/2019 07:34

RNS 23 May 2019

"In the Company's 2018 Preliminary Results, announced on 14 March 2019, we indicated that the outlook for 2019 was uncertain. Albeit the Company is involved in several new contract bids that could materialise later in 2019, the Company expects to report a material drop in revenue and a loss for the six-month period ending 30 June 2019, as sales have been slower than planned.


Given the ongoing trading uncertainty, it is important that we reduce our operating costs and we will be taking appropriate measures to do so in the coming weeks."

[stilolosses] 22/5/2019 09:45

Again I have another “categorical fact!”

Again, around 18 months ago Stilo management made another classic statement in that the small cash pile that they had from time to time could be used as “special dividend.”

Again, our “resident professional market experts” went on about this etc, etc, etc.

Again, I myself, yes, yet again, I said that this was incredibly unlikely and Stilo had only ever once in quarter of a century paid a special dividend many years ago.

Again, we now have our “resident professional market experts” saying that when Stilo decides to de-list they could use the listing costs as “special dividends!”

Again, how alarming that not only can Stilo not afford a “special dividend” (like I have always said) but now they have a dwindling cash pile our “so called experts” are saying that it is quite sensible that a special dividend could come this way if a de-listing happens. At a very, very high cost, no doubt.

Again, how farcical! So to get a tiny, small, miniscule “special dividend” one has to have an investment with Stilo which will then go down in value “completely221; and practically be wiped out but “don’t worry” as you will get a special dividend when the de-listing happens. Its all part of an excellent service from Stilo.

Again, you could not make it up. I said all along that it would be very unlikely for a special dividend on a modest scale but our experts said it “would happen”. I said the modest cash pile was going down but “our experts” said it wasn’t. “Well it did, you know”.

Again, we have a situation where our experts think it would be beneficial to see all of your investment “wiped away” for the sake of a “special dividend. Course this is "great news!"

[stilolosses] 21/5/2019 20:50

The official AGM will soon be upon us and in "classic resident professional market expert style" we will get the normal "great, great, great news scenario".........

With then the normal "now we wait for the September 6 month report etc, etc, etc!"......... And the normal " twisting of words!"

[stilolosses] 20/5/2019 11:11

AGM Statement from management will be the same old, same old etc, etc, etc.

Good job I have already issued it in advance.

[stilolosses] 20/5/2019 11:11

Something incredibly valuable that you failed to mention Mudbath.

Acquisitions!

I can remember the company saying around 18 months ago that they could use their cash for possible acquisitions and then you and the other “resident professional market expert” went on about this like normal.

Nothing since…….why?

Stilo cannot even sell its own products let alone making an acquisition and selling somebody else’s products.

Also, what would they have been able to buy with a million pounds?

Nothing!

So another broken statement by Stilo management. c statement that they just plucked out of the air that even a 12 year old could see would not be possible.

Acquisitions!.....course!

[stilolosses] 20/5/2019 10:03

Well done indeed!!

[stilolosses] 20/5/2019 10:00

Good morning Mudbath!

Stilo International:-

Management say again that after 25 years business is going to be "challenging" yet again!

Cash dwindling by the minute.

Share price completely floored as the market does not lie.

Management will now try to de-list as they cannot afford the listing costs.

Debt free for the time being

Recurring revenues of a paltry £800k after quarter of a century of trying . Wow!

Globally utilised software suite in a tiny, minute little market that hardly raises anything other than paying ongoing costs to run the business.

Paying an increasing dividend until they are able to change the policy when it suits them.

They can add whichever corporate that they want as the average spend of each customer using their incredibly, low, low, low cost products spend on average about £5000 per customer and then disappear after they have used Stilo's products.

A directorate that only fill their own and the boots of their sons with a hood, hood, wink, wink!

Well done Les and David for 25 years of nothing!

Well done Les and David for creating spectacular shareholder value at the current 2 pence and falling share price!

Well done Les and David for now wanting to de-list!

Well done Les and David for 25 years of catastrophic business decisions!

A spectacular well done indeed! To Les and David……….

A special well done to David’s sons too though!

Well done!!

[mudbath] 20/5/2019 08:02

Stilo International:-

Cash rich
Debt free
Recurring revenues
Globally utilised software suite.
Paying an increasing well covered dividend.
Two of the worlds top corporates gained as new clients in the past 6 months.
A settled directorate taking very modest remuneration.
BOD invest in an increasing % of the stock.

Well done Les and David !!
(Very well done)

[stilolosses] 19/5/2019 23:54

Good evening Mudbath!

That was a little comical. I did chuckle to myself with that observation.

On a serious note I think that observation can seriously be put to management at Stilo's official AGM.

You could ask Stilo management why they have been responsible for running the business into such a state during the last quarter of a century which I agree can only be described as an "absolutely, completely catastrophic!

[mudbath] 19/5/2019 22:54

I have located why SL is so fixated with his apostrophe.

Because.........

StiloLosses = Catastrophe !

QED

[stilolosses] 19/5/2019 18:39

BTW maybe during the next 25 years you will be able to recoup your losses with Stilo’s share price continuing to fall through the floor with some spectacular growth in dividends.

You can then join Mr Ashman and Mr Burnham in buying that “elusive”; studio apartment in Kensington.

In closing, you still have not told me where to "stick" my apostrope "Mr Apostrophe?"

Finally, yet again, like I also said before, I have already issued Stilo's AGM Statement last week!

The only thing missing from my AGM Statement was, you got it, an "official apostrophe!"

[stilolosses] 19/5/2019 18:34

No need to be rude Michaelmouse, alias “Mr Apostrophe!, alias, “Mr Filtration System”, alias “Mr Market Expert!”

I understand that you have selected vision when it comes to my “honest, frank, on the mark, spot on views” and that you find my views invective.

Rather than finding fault with my commentary maybe you should be directing your anger and frustration at Stilo management for doing such a wonderful job during the last quarter of a century.

Have Stilo management not been invective in now wanting to de-list the company after running this business for the last quarter of a century?

Have Stilo management not been invective in moving the company no way forward during the last quarter of a century?

Have Stilo management not been invective for being responsible in forcing the share price to fall through the floor during the last quarter of a century?

Have Stilo management not been invective for wasting millions of pounds on products that hardly anybody wants during the last quarter of a century?

Have Stilo management not been invective for making wrong decision followed by wrong decision and more wrong decisions during the last quarter of a century?

Have Stilo management not been invective for creating a business in a market where the market has never grown from an already tiny market size during the last quarter of a century?

Have Stilo management not been invective for pulling the wool over everybody’s eyes during the last quarter of a century?

Have Stilo management not been invective for filling their own boots and the boots of their sons during the last quarter of a century?

Have Stilo management not been invective on absolutely every front “completely221; during the last quarter of a century?

Like I said earlier, “resident professional market experts” like yourself need to average down to recoup all your losses and one way of doing that is to attempt to pull the wool over everybody’s eyes in the “true professional market expert” that you are.

[michaelmouse] 19/5/2019 15:55

Btw I'm already looking forward to my final dividend on 30th May. That'll make a 100% increase since my original purchase of shares. :)

[michaelmouse] 19/5/2019 15:52

The best thing about a de-listing would be that it should stop our "resident Stilo expert" spontaneously combusting, and enable him to free himself from his self-inflicted mental torture.

I look forward to one or two more of your diatribes this week SL ;) If they do de-list then you won't be able to write your invective in future. What on earth will you do with your time? Rest assured that I'll be back every half-year to let you know how they're doing and what dividends I'm receiving. :)

[stilolosses] 19/5/2019 14:19

First and foremost it appears to me that our "resident market experts" are again running around like "headless chickens" trying to justify Stilo International since they have been "way off the mark" for years.

I think we all understand that they now have to attempt to be seen to be "averaging down" to keep this ticking along.

We know they have to do this to trade another 20 million shares etc, etc, etc.

We know they will try and "twist" everything management puts out and "interpret" it to suit their own purposes. We for sure understand that completely.

We also know that our "resident professional market experts" have access to all private investor personal accounts as they know "exactly" who invested what, where and when.

As we all know company balance sheets come and go all the time and Stilo is no different.

As we all know, dividends too are paid forever and are based on the call of our "resident professional market experts" say so."

It does not surprise me in the slightest that management have awoken after decades to find out that being a listed company does nothing for them. Course, that they were right all along though. You couldn't make it up if you tried.

Who is going to come in and buy Stilo International. I know! That is not too difficult to answer.....nobody!

"Resident professional market experts" have come and gone over the years talking about a "potential savior" etc, etc, etc. Talk of "a buyer story" has been doing the rounds for 25 years.

Nobody is going to buy Stilo for the following reasons amongst just a few:

1. What is Stilo going to say? we have been able to increase Omnimark sales to a spectacular £800k after 25 years.

2. We have been able to increase our sales in our " disruptive " technology Migrate to a whopping £200k after 12 years on a yearly basis.

3. We have fantastic revenues in our super product Authorbridge of £50k after nearly 5 years of trying and 3 versions later.

4. That we operate in a Dita market that has never grown since the turn of the century.

5. That the market that we operate in continues to now "just grow".

6. As a company we are proud to pay some dividends but to achieve this we have to " hammer" investors first. We can promise these dividends forever! Maybe.

7. We have a super, fantastic but dwindling pile of cash.

8. After 25 years of trying we still find it fantastically "challenging" to do business. Stuggling to even generate £1.5 million now in revenues.

9. Our business reason to invest millions and millions and millions of pounds in Migrate and Authorbridge over many, many years have yielded only around £1 million in revenues and the rest is due during the next 25 years. We now need to de- list though.

10. We have a fantastic one off customer base with a average spend of around £5k per customer who then simply disappears.

Gone are the days of a quarter of a century ago when Stilo use to inform the market that Dita was going to grow "spectacularly" .

Gone are the days of 10 years ago or so when Stilo use to tell the market that Dita was growing "significantly."

Reality has now come to haunt Stilo management as they have been forced to swallow their pride and inform the market that the Dita market is "merely growing."

Gone are the days when management use to report that the new product Authorbridge could potentially be used within a corporation by the 1000s. They have now been forced to admit that it "may, just may, just, just maybe used" by a corporation by only the 100s....if at all.

One will need to hold Stilo shares for 25 years to recoup their investment via a super dividend payment as business will continue to do greatly when it is de-listed.

Course, our "resident professional market experts" who have not been able to call this correctly will in the meantime run around like "headless chickens" telling us how wonderful everything is at Stilo International because of a paltry dividend, massive dwindling cash pile, with a takeover possible in a tiny Dita market, with an average spend of £5k per customer.

They will continue to tell us that Omnimark, Migrate and Authorbridge is in demand and Stilo could surprise the market.....and pigs will be flying next week, next year or during the next decade.

Incidentally, like I said before, I have already issued Stilo's AGM Statement.

Looks like our "resident market experts" have been paying a lot of attention to this statement even though I have been on their "super filtration systems."

Looks like our "resident professional market experts" continue to have me on their "fantastic filtration systems......

Rather, I believe, though, that they never did have me on there super filtration systems (oops! I meant their super filtration systems)......

How do I know this......well!....

Because with me on their " super filtration systems" they are " fully aware" that I do not use my "apostrophes" in the correct place.

Like I have said before. You could not make it up if you tried....."could you?"

"Professional market experts.......course they are!"

Looks like they will continue and continue and continue to average down with every bit of expected bad news from Stilo International.

They will tell us that de-listing, when the price falls through the floor, as it continues to do so is a "great opportunity!."; that the Dita market will then grow; somebody will then come along as the saviour; the share price will then explode; companies would suddenly start buying Stilo's very, very low priced products; Stilo's competitors will evaporate and everything will soon be rosy etc, etc, etc.......and pigs will start to fly any time soon!

20 million shares traded and counting dot com!

[michaelmouse] 18/5/2019 12:04

Yes mudbath, I don't think you're being cynical at all.

For reasons already stated, it would suit management to de-list, but it should be remembered that they (like us) are shareholders with even more "skin in the game". I believe long term shareholders (not withstanding the short term share price fluctuations) will be greatly rewarded over time (listed or private).

It's the tone of the 2018 report that sets the scene. It appears to deliberately play down short term prospects whilst saying, "As we look forward to growing future sales, supported by healthy cash reserves and a strong balance sheet, I am pleased to announce the payment of an increased final dividend of 0.06 pence per share, providing a total dividend for the year of 0.12 pence". (20% hike).

Feels like an orchestrated attempt to shake out weak holders and convince long termers that going private is the best option. In many ways they are probably quite right.

As ever this is AIMHO, and it'll be interesting to see what the week brings.

[mudbath] 18/5/2019 10:09

Being a cynic,I would agree that Stilo might indeed announce a delisting alongside a modest outlook statement.
£Millions have been successfully invested in the Migrate/AuthorBridge IP and holders will reap the reward should(when) the company be sold.
I intend to be one of some significance,if the opportunity presents itself.

[michaelmouse] 18/5/2019 09:18

SL - Let me help you out somewhat since you seem unwilling or unable to answer the question.

Starting with Stilo's prospects. Firstly, when I originally invested the share price started to rise alongside their steady growth and progressive dividend. In fact, you started recommending that everybody should find all of their savings and put them into Stilo International. Never a great suggestion with any tiny company no matter what their circumstances. You yourself invested towards the share price peak. It would have worked out well for you had growth been sustained, but sadly it wasn't and you've become very bitter.

In summary, from 2014-2017 Stilo was growing, but in 2018 the wheels fell off a little bit. We'll come on to 2019 shortly.

Stilo is a tiny company and the shares are highly illiquid, as a consequence the share price has fallen, but the saving grace about this company is it's balance sheet which has enabled them to continue increasing the dividend (indeed a further 20% in 2018). In fact, since I invested, the dividend has doubled and I receive a very nice payout every half year for income. I'd like a rising share price as well, but unless or until growth is restored that's unlikely to happen.

On to 2019. They will update the market this week, and my guess (although I could be surprised) is that trading will have been poor and they may go for a de-listing. I might be wrong, but it's very possible because they've strongly hinted at these two things in the 2018 report.

Most PI traders will have already sold their shares or will sell on those two announcements. I would be a buyer since I'm quite happy to hold shares in a private company with very sound fundamentals. Imo Stilo is already priced at a market cap. below it's wind-up value and that remains the same whether it's listed or not. Over time I'm also hopeful that Stilo will return to growth increasing it's intrinsic value and net worth even further.

Ashman and Burnham know that a de-listing would be beneficial for two key reasons:-

1) They have no need to raise capital so why stay listed given the additional work and listing costs?
2) They would save £150,000 a year in listing costs enabling them to continue dividend payments. That £150,000 equates to a 0.13p dividend each year which is a yield of 7.5% at the current share price. You could view it as a special dividend.

Whether the company is listed or not, there will also come a point when they sell up, and since I believe the company is already valued below it's wind up value then shareholders will be richly reward at some point in the future, although this can't be guaranteed.

To summarise, if they do indeed report poor trading and an intention to de-list next week then the share price will plunge and I will be a buyer for all the reasons stated. Of course, a surprise the other way would cause a massive jump in the share price, but bear in mind they have flagged the former rather than the latter.

Finally, you said, "Mind you I don't even know where to stick my " apostrophe "". Well I've got a great suggestion as to exactly where you can stick your apostrophe ;)

[stilolosses] 17/5/2019 22:57

Incidentally Michaelmouse I am certainly no expert of such, just using good old fashion "common sense" to work out Stilo's realistic future, something, incidentally, that you have to date been "way, way" off the mark with.

You and Mudbath, after all, are the "resident professional market experts".

A huge, massive fall in the share price with then a small increase in the share price is always a time of success and growth for you.

Mind you I don't even know where to stick my " apostrophe ".

[stilolosses] 17/5/2019 22:11

Hello again Michaelmouse.

I think the "apostrophe" is far more significant and important.

Maybe management will be able to update the market at the official AGM about our "apostrophe!".

Surely that is far more important than Stilo's current state in the market?

Just ask David, Les or Mudbath what happens with their shares when Stilo de-lists and where the apostrophe will go?

You could ask Mike Ashley also about what could happen with one's investment.

[michaelmouse] 17/5/2019 14:21

Come on now SL, you're the expert on this company, surely you can explain to everybody why Ashman and Burnham (with 25% of the company) might favour a de-listing. We've all come to rely on your brilliance.

[stilolosses] 17/5/2019 14:13

Also, can you not just put that question to Mudbath as he will surely be happy to answer it.

[stilolosses] 17/5/2019 14:10

Your absolutely right there Michaelmouse. Sorry I meant you're.

I am happy to give you an apostrophe if it makes you happy.