Tristel Share Discussion Threads

[best1467] 11/1/2024 07:11

Paul swinney from memory has sold 50% over the last number years with yesterday included.
Let’s not forget he his approaching retirement most would be doing the same.

[james188] 10/1/2024 18:35

Which suggests that the sales by Mr and Mrs Swinney had a prearranged buyer - probably an institution. The share is still relatively illiquid and hard to trade at material levels.We should know more about how things are progressing next month. Until then , I am adding when the share price dips.

[petewy] 10/1/2024 17:53

someone bought 90,000at 4.36pm at 4.23

[wad collector] 10/1/2024 17:37

Not sure anyone can confidently give the reason they sold other than themselves , but it was never going to be a vote of confidence in the share's prospects. Similarly it is not possible to interpret reasons for retirement without inside knowledge, it is often multifactorial. Suspect the share price will recover!

[gopher] 10/1/2024 16:55

I think he hung on to see the US approval through which was always us going to take longer than the market expected. I didn't realise he was married to Liz Dixon and today they sold 90,000 shares no doubt to fund retirement and market rewarded them with 9% drop in share price

[apad] 10/1/2024 16:51

TSTL director sales at 422.5p pushed the price down from 450p to 410p.
Paul Swinney
50,000 sold 262,350 remaining.
Liz Dixon
40,000 sold 229,000 remaining.

apad

[piedro] 05/1/2024 07:20

My Portfolio: Year In Review 2023
I recap how each of my shares performed during 2023, including System1, Tristel, Bioventix and Mountview Estates.
02 January 2024
By Maynard Paton

2) Tristel (TSTL)
"... December’s AGM also announced TSTL’s long-time chief exec is to retire this year.
Deciding to retire when the exciting US potential all lies ahead may seem odd, but I believe TSTL’s ambition to become a “global market leader” demands skills beyond the present board given the protracted FDA saga. I would not be surprised if the finance director, who is married to the chief exec, decides to leave as well. A pair of US healthcare executives could be welcome replacements. ...


- well said Maynard.

[paulisi] 22/12/2023 17:44

The organic growth will be by sales in North America. The only cash needed now is inventory and sales expertise. Unless there are other products being developed.

[james188] 20/12/2023 07:08

I hope that the cash is primarily used to accelerate organic growth (not acquisitions). That is also what I expect will happen.

[paulisi] 19/12/2023 12:00

The new CEO will have to work out what to do with all the cash.Aquisition/special dividend....

[piedro] 19/12/2023 08:03

... The Board has, therefore, initiated a formal succession process, supported by the global organisational consulting firm The Coulter Partnership, that will consider both external and internal candidates.

... will they try and keep it within the 'family'?

----------
FWIW, from the AGM of 11/12/2018
"On behalf of my Board colleagues I would like to thank Francisco Soler, who steps down today after 25 years, for his many years of service to the Company, and to honour him with the title of Lifetime President. Francisco co-founded the business with Paul Swinney in 1993.
----------

[piedro] 19/12/2023 07:41

CEO succession planning
In addition, Paul Swinney, co-founder of the business in 1993 and Group CEO for the past thirty years, has informed the Board of his intention to retire within the next twelve months.

...
...
...

[adorling] 02/12/2023 12:31

Strong breakout - plenty more to come before Christmas hopefully.

[wad collector] 30/11/2023 17:05

Ooh, closing the month on an 18 month high.

[metis20] 22/11/2023 20:43

Parker labs link

[james188] 22/11/2023 19:48

One other point is that alternative effective solutions to chlorine dioxide tend to have material downsides - e.g. some are corrosive, require material capex investment for machines etc, etc. I hope that TSTL pushes forward hard with its global rollout to materially grow global revenues and prioritises investment over dividend returns. A trade exit is the obvious endgame, but I hope not until the share has rerated - and I know that it is already on a high multiple given existing revenues. I don’t know of many better investment opportunities.

[apad] 22/11/2023 18:46

I've always been worried about the magic ingredient "it aint what you do .." but it has led to the satisfying of significant regulatory hurdles.
So, even if there is a magic ingredient, first mover advantage means that it's not worth trying to follow.
I also like the systems they have introduced to maintain good practice.
TSTL is my third largest, and a long-term, holding.
apad

[briangeeee] 22/11/2023 18:33

Thanks metis20.

[metis20] 22/11/2023 16:35

BrianGeee - from near the top of the screen:

"The comparison of ClO2 with other oxidisers, such as hydrogen peroxide is of
interest. Whilst hydrogen peroxide and other oxidisers work through the same
mechanisms as chlorine dioxide, they have been shown to be less effective against
microbes. This is attributed to ClO2’s unique ability to penetrate the microorganism’s
3D protein structure and, thus, better oxidise the molecules."

[metis20] 22/11/2023 14:13

APAD - The active agent is chlorine dioxide. This is produced at the site of use by mixing two solutions. The contents of those solutions are a trade secret.

I suppose in a way it is fine to say that the secret formulation makes the chlorine work.

Interesting to know if there is anything else in those two solutions that assists the disinfectant action of the chlorine dioxide. Maybe that knowledge is also part of the trade secret.

[melton john] 22/11/2023 13:57

I made my post in a hurry and didn't give much idea what it was about. I should have added cheaper solution that isn't effective. The post I linked to refers to moves in the health service to make ClO2 the recommended most effective antibacterial surface cleaner back in 2016. Lots of local initiatives then. I suspect cost cutting has overruled effectiveness.

[briangeeee] 22/11/2023 12:58

Is this an accurate list in terms of oxidising potential? If the issue is more complext in real world considerations, I'd be interested to understand those factors.

1. Ozone (2.07 Volts)
2. Hydrogen Peroxide (1.77 Volts)
3. Peracetic Acid (1.80 Volts)
4. Chlorine Dioxide (1.50 Volts)
5. Hypochlorous Acid (HOCl) (1.49 Volts)
6. Iodine (0.54 Volts)
7. Quaternary Ammonium Compounds (Quats) (Varies)
8. Ethanol (70% solution) (Varies)

[apad] 22/11/2023 10:59

TSTL have always maintained that their 'secret' formulation makes chlorine work, compared with other products.
apad