I am usually a passive observer. This volacano has been brewing since November. I have drawn to the conclusion Ashman is a clueless negotiator and ignorant of market forces. Moreover, ignores saga advice, repeating idiotic statements pertaining M&A activity. Without the feel good factor of significant royalties from Croda, the natural fear the market has is of dilution. Hence why we are heading towards falling through 10p again well before the launch nobody knows its worth.
I might be a moron, but Ashman isn't so bright either. He's also a mard arse for allowing the nomad dictate beyond his advisory role. Weak!
SOH has postponed our planned Zoomcast for today until tomorrow. He has an important, complex brief with a US partner that needs to be completed. Sounds interesting.
Courtesy of SOH: See interview with the CEO of Morepen who states they are looking at 20-35 crore in year 1 (£1.8m-£3.2m) and 200-300 crore (£18-£27m) in the years ahead. See https://youtu.be/TdN5YVff0vM?feature=shared
You will have to skip through the adverts and the introduction to get to the CEO talking in English.
One final observation, though I find myself rather bewildered by its nature. A PM has arrived, reporting that Mr Winnifrith has asserted Mr Ashman is "NEVER going to reveal the details of the Croda deal to the market." Now, if I grasp the underlying implication, this suggests Mr. Ashman is permanently barred from purchasing SBTX shares. What absolute tosh.
From what I gather, Mr Ashman is privy to financial forecasts and the so-called "enhancements," bound tightly under the terms of an NDA. This is an entirely different matter altogether. And yet, once again, Mr Winnifrith has liberally thrown in the word "never," much like SBTX’s own questionable use of "gradually" in an RNS, where neither word seems to belong to the intended discourse. A curious, almost theatrical addition, wouldn’t you agree?
Aside from this utter tosh, members of the SBTX BOD need to address the lack of confidence they demonstrate by NOT buying shares in SBTX. As much as I loath the manner in which Mr Winnifrith address certain issues, I do agree SBTX BOD cannot hide behind NDA forever.
Elric, how come you are so bullish about the launch when SA down plays it? I'm not having a pop i am curious. SA has made you look like a ramper. A very foolish thing to do when you are such a supporter.
Its amazing how much damage one one can do to a share. 'Gradually' has killed all hope the VIPs will go gangbusters. Are any of the VIPs impressed at all?
How long have we been complaining about the poor quality RNSs!
I voted against all resolutions, purley because i don't see any progress with our IP.
Your calculations lack relevance without official guidance. Father has already clarified that the SkinBiotix lysate cosmetics market extends well beyond the established Matrixyl market. I’d recommend revisiting the IMC interview for clarity. That said, Mr Ashman’s remarks about gradual launch expectations appear to have undermined Father’s position, which I find rather perplexing, hence the market reaction. This situation further reinforces my preference to avoid direct communication with members of the Board.
Umm, after listening to S/A talking in the results presentation, advising shareholders to take little notice of the word **Gradually** ( saying, no way does that imply tiny ), AND the note on revenues , being double digit, (band adjustments being very minimal), my conclusions appear to carry far more weight than a day or two ago.
Agreed , however we do know Croda are going green by 2030 , if the lysate is going to be used across the board, my numbers may be far to low . As to guidance that will come later from the broker, after they see the first rounds of Croda income delivered .
I for one , am 100% backing S/A (though I have never met, or spoken to him.)
Most here are going over the past, and venting anger.
This is just what I see every time I go to an AGM where a company has yet to deliver .
Losers mouthing off , lashing into the board.
It goes straight over my head , I look for what’s built, and ready to be produced .
Hence my investment here at 10P
Some lost sheep here, who would do well to belt up , watch and wait.
It’s all been said already . !!!
OR :
Sell up , and move on, after learning that the time to invest in ANY company is when profits are very very close , and those profits can then grow super fast .
Trust me :
A whole new wave of investors are about to arrive ,saving you from your troubled minds.
If you don’t believe me , go to any of the top performing AIM shares and look back at the sheer desperation on the bulletin boards in previous years, prior to profit delivery .
Bill, I'm already sitting on a nice profit so I don't consider myself one of your losers. However, I remain the right to criticise poor performance which SA has been guilty of plenty of times. I also agree that SP times will change once the royalties start rolling in, irrespective of the weaknesses that SA continues to show.
I know a few people who have suffered badly. People have a right to vent their frustrations and air their views. We counter with an alternative rather than tell them to "belt up or sell."
Elric, in the cold light of day, it is our personal decision to purchase a stock, at any given time and price.
Unless one owns 3% or more in any company, don’t expect to have any sway in its direction
Agreed people do have the right to air their right and vent their frustrations
Some investors clearly paid a higher price in times gone past , and as always in this situation, they want to play the director blame game .
I repeat, yet again, I see this all the time when researching companies that have not delivered over a number of years . It’s standard practice . AIM is littered with them.
At some stage: Be it today, next month or next year:
In my view one has to man up ,and take a view on prospects.
As an investor, you have no other option
————————————————
Unlike so many other stocks SBTX has turned the corner in 2024, no longer requires working capital, and will soon be in profit.
Those profits could grow much faster than the market and attract a wall of money into the shares..
I am of the view S/A will achieve a share price over a quid , in short order, and in doing so , relieve most long suffering shareholders .
Im actually shocked at the thought it is OPTI reducing as they have not expalined what has happened to the £1.3 m they raised back in March and the lack of updates against there own reasoning. This si not the first time but it does appear SOH does what he wants and balls to everyone else. I do hope he is off sound mind after his recent illness and fully recovered.
Another reason for the selling, and one I can relate to as I did reduce on the back of dull RNS a while ago, is that we have reached the promised land and the Croda deal and thats why some bought in. We've hardly generated much interest from other investors have we?
It used to be called- buy the rumour, sell the news.
Like many I try to avoid growth Companies who are not generating cash and who have an aquisition strategy. Strangley TRAK and INSE are 2 examples where I previously held but bailed out some years ago due to the strategy concerns that the increasing debt was too expensive to cover the hopeful increase in earnings. I actually set up the threads on ADVFN for both which are still running today.
For the purposes of this post I am ignoring the funding vehicle used or if dilution is involved (it always is one way or another) as its too complicated.
As an investor I expect the BOD to do what is right for the business, at all times. If there are targets out there that are an exemplary fit then why would we not bid them? Any delay could actually mean the target being bought by someone else and the opportunity lost.
We seem to have forgotten that the recent acquisition seems, to me, to only be running at 30% capacity. Surely we would expect our BOD to fill this as soon as possible to maximise financial gain?
Assuming the claims of synergy proves to be factual then any such synergy falls straight to the bottom line and cash. A £1m synergy today could, and should, be worth multiples of that in the valuation of our own business when hopefully SBTX gets taken out. Would we really want our BOD to ignore the opportunity of turning £1 in to £15m, as an example, in addition to the base valuation?
PJ, Your perspective highlights an important balance between strategic acquisitions and optimising current operations—a balance that aligns well with delivering long-term value for shareholders. As you suggest, smaller acquisitions can potentially maximise synergies due to their likely operational compatibility. When integrated thoughtfully, they can enhance the performance of existing operations, particularly if underutilised assets—such as the recent acquisition running at 30% capacity—are brought closer to full utilisation. More bang for the buck!
Prioritising unlocking the full potential of current partnerships and acquisitions before pursuing additional targets. Doing so not only maximises immediate financial gains but also establishes a strong foundation of reliable cash flows to fund any future acquisitions organically, thereby reducing reliance on external funding or equity dilution. This approach aligns with the principle of sustainable growth while maintaining strategic flexibility. This is what investors are keen to see play out first.
As you rightly point out, the potential value of realised synergies cannot be overstated. Immediate financial benefits such as a £1m synergy have a compounding effect on enterprise valuation, particularly in the event of a takeover. Ensuring these synergies are realised and effectively communicated to the market should remain a top priority for the Board, as it strengthens the business’s appeal to investors and potential acquirers.
Having said all this, wouldn't it be interesting if SBTX announced it had acquired an independent Ltd Company for under £1m without needing debt of dilution, with a statement we do not require further funding from the market? This would send a very strong message to the board's confidence in the size of the revenues from Croda for the first 12/24 months.
I know-I must stop eating cheese before I take a cat nap.
****. I don’t like the acquisition strategy, never have, never will . ***
……………………………………………………………………………………………………………………
Two companies purchased this year and you’re on your way to breakeven , without any revenues from Croda or new deals.
At the start of full year 2026 , SBTX is rocking, pure profit from fast growing Croda sales , plus expansion from the 2025 purchases .
S/A is going for growth, new additions going forward paid for with cash, debt, or even high priced shares make absolute sense .
…………………………………………………………………………………………………………………………
RISK
How would shareholders feel if things had not transpired as they have in 2024 .??
No deals this year, Croda trials failed ,and company could no longer raise new cash. !!!
Cash burn would be killing investors, with no hope , dragging down the stock price.
…………………………………………………………………………………………………………………………
The future.
Is exceptionally bright, the foundations are laid, three super fast revenue streams have gone live, more Lysate deals in the wings, plus much more to come.
Elrico, Oleric reported you to the lse the other day because your post to me addressing a query was not accessible to him. I had to post a link to your most recent updates in reply. It's weird that he gets so upset without access yet holds you in contempt. Brilliant work agin. Thank you.
I love the work ethic you guys have. Instead of sulking you work on providing assuring content. If you have managed to get the message across the last thing we need is more sbtx shares floating around that is a great effort. Sadly, i don't think Sa listens much.
I remember toyin being right and tw sweeping the lies and deception under the carpet. Defo Opti selling. The sooner they have nothing the better.
5% recovery. I'm not convinced the 1.23m trade is the buy it looks to be.
I SBTX don't go on some bad dash to buy smaller companies before Croda wonga drops, fab. If the urge become too much without self funding and more confetti issued i will kicking down the doors in Newcastle.
Elric , not one of my previous best 3 performing shares, NTA , COM , and TRD, ever had a profit forecast in the market. ( to this day TRD has no profit forecast , having been 6P, 12 years ago, now £2.85p )
That is a massive advantage for potential investors .
One can do the potential income sums yourself based on what information is in the market, in-fact a 2019 broker assumption , of £25M to SBTX in 2030 might be a good starting point.
Now onto potential share sales from OPTI , or anyone else
It has nothing to do with SBTX performance or prospects, so it’s a non issue, bar a short term lowering of the share price.
Next up , SBTX going out and buying up other companies.
Has anyone ever thought upfront cash from new deals could soon be delivered.?
Has anyone thought Croda income may arrive far faster, and in greater amounts .
Has anyone thought a far, far, higher share price may allow future companies to be purchased with high priced shares where dilution might be 1% not 7%.
To sum up
None of the issues raised are of any importance to long term shareholders aiming to make large returns from SBTX.
I am usually a passive observer. This volacano has been brewing since November. I have drawn to the conclusion Ashman is a clueless negotiator and ignorant of market forces. Moreover, ignores saga advice, repeating idiotic statements pertaining M&A activity. Without the feel good factor of significant royalties from Croda, the natural fear the market has is of dilution. Hence why we are heading towards falling through 10p again well before the launch nobody knows its worth.
I might be a moron, but Ashman isn't so bright either. He's also a mard arse for allowing the nomad dictate beyond his advisory role. Weak!
SOH has postponed our planned Zoomcast for today until tomorrow. He has an important, complex brief with a US partner that needs to be completed. Sounds interesting.
Courtesy of SOH: See interview with the CEO of Morepen who states they are looking at 20-35 crore in year 1 (£1.8m-£3.2m) and 200-300 crore (£18-£27m) in the years ahead. See https://youtu.be/TdN5YVff0vM?feature=shared
You will have to skip through the adverts and the introduction to get to the CEO talking in English.
One final observation, though I find myself rather bewildered by its nature. A PM has arrived, reporting that Mr Winnifrith has asserted Mr Ashman is "NEVER going to reveal the details of the Croda deal to the market." Now, if I grasp the underlying implication, this suggests Mr. Ashman is permanently barred from purchasing SBTX shares. What absolute tosh.
From what I gather, Mr Ashman is privy to financial forecasts and the so-called "enhancements," bound tightly under the terms of an NDA. This is an entirely different matter altogether. And yet, once again, Mr Winnifrith has liberally thrown in the word "never," much like SBTX’s own questionable use of "gradually" in an RNS, where neither word seems to belong to the intended discourse. A curious, almost theatrical addition, wouldn’t you agree?
Aside from this utter tosh, members of the SBTX BOD need to address the lack of confidence they demonstrate by NOT buying shares in SBTX. As much as I loath the manner in which Mr Winnifrith address certain issues, I do agree SBTX BOD cannot hide behind NDA forever.
Elric,
Encourage SA and the board to buy shares and ignore their crap nomad.
The last post from Chigsters, suggests he has just been deflowered!
Elric, how come you are so bullish about the launch when SA down plays it? I'm not having a pop i am curious. SA has made you look like a ramper. A very foolish thing to do when you are such a supporter.
Its amazing how much damage one one can do to a share. 'Gradually' has killed all hope the VIPs will go gangbusters. Are any of the VIPs impressed at all?
How long have we been complaining about the poor quality RNSs!
I voted against all resolutions, purley because i don't see any progress with our IP.
Do the sums
£400M of Matrixyl sales to be replaced over 5 years to hit Croda”s target of 90% green by 2030.
Done gradually, SBTX earning 10%
Year 1 £40M £4M
Year 2 £80M £8M
Year 3 £160M £16M
Year 4 £240M £24M
Year 5 £400 M £40M
Followed by another 15 years of growing recurring income .
If the broker put a note out tomorrow, with those gradual numbers what price would SBTX ???
I will tell you .!!
Pound notes would be on the share price .
Personally I think the uptake will be way faster , time will tell .
All the best
Bill
Your calculations lack relevance without official guidance. Father has already clarified that the SkinBiotix lysate cosmetics market extends well beyond the established Matrixyl market. I’d recommend revisiting the IMC interview for clarity. That said, Mr Ashman’s remarks about gradual launch expectations appear to have undermined Father’s position, which I find rather perplexing, hence the market reaction. This situation further reinforces my preference to avoid direct communication with members of the Board.
Umm, after listening to S/A talking in the results presentation, advising shareholders to take little notice of the word **Gradually** ( saying, no way does that imply tiny ), AND the note on revenues , being double digit, (band adjustments being very minimal), my conclusions appear to carry far more weight than a day or two ago.
So for now I will stick with them.
Year 1 £40M £4M
Year 2 £80M £8M
Year 3 £160M £16M
Year 4 £240M £24M
Year 5 £400 M £40M
Agreed , however we do know Croda are going green by 2030 , if the lysate is going to be used across the board, my numbers may be far to low . As to guidance that will come later from the broker, after they see the first rounds of Croda income delivered .
I for one , am 100% backing S/A (though I have never met, or spoken to him.)
Most here are going over the past, and venting anger.
This is just what I see every time I go to an AGM where a company has yet to deliver .
Losers mouthing off , lashing into the board.
It goes straight over my head , I look for what’s built, and ready to be produced .
Hence my investment here at 10P
Some lost sheep here, who would do well to belt up , watch and wait.
It’s all been said already . !!!
OR :
Sell up , and move on, after learning that the time to invest in ANY company is when profits are very very close , and those profits can then grow super fast .
Trust me :
A whole new wave of investors are about to arrive ,saving you from your troubled minds.
If you don’t believe me , go to any of the top performing AIM shares and look back at the sheer desperation on the bulletin boards in previous years, prior to profit delivery .
Your company is on the up .!!!!
All the best Bill.
Bill, I'm already sitting on a nice profit so I don't consider myself one of your losers. However, I remain the right to criticise poor performance which SA has been guilty of plenty of times. I also agree that SP times will change once the royalties start rolling in, irrespective of the weaknesses that SA continues to show.
Be careful, be respectful, Bill.
I know a few people who have suffered badly. People have a right to vent their frustrations and air their views. We counter with an alternative rather than tell them to "belt up or sell."
Elric, in the cold light of day, it is our personal decision to purchase a stock, at any given time and price.
Unless one owns 3% or more in any company, don’t expect to have any sway in its direction
Agreed people do have the right to air their right and vent their frustrations
Some investors clearly paid a higher price in times gone past , and as always in this situation, they want to play the director blame game .
I repeat, yet again, I see this all the time when researching companies that have not delivered over a number of years . It’s standard practice . AIM is littered with them.
At some stage: Be it today, next month or next year:
In my view one has to man up ,and take a view on prospects.
As an investor, you have no other option
————————————————
Unlike so many other stocks SBTX has turned the corner in 2024, no longer requires working capital, and will soon be in profit.
Those profits could grow much faster than the market and attract a wall of money into the shares..
I am of the view S/A will achieve a share price over a quid , in short order, and in doing so , relieve most long suffering shareholders .
All the best
Bill
Im actually shocked at the thought it is OPTI reducing as they have not expalined what has happened to the £1.3 m they raised back in March and the lack of updates against there own reasoning. This si not the first time but it does appear SOH does what he wants and balls to everyone else. I do hope he is off sound mind after his recent illness and fully recovered.
Another reason for the selling, and one I can relate to as I did reduce on the back of dull RNS a while ago, is that we have reached the promised land and the Croda deal and thats why some bought in. We've hardly generated much interest from other investors have we?
It used to be called- buy the rumour, sell the news.
Ref acquistions.
Like many I try to avoid growth Companies who are not generating cash and who have an aquisition strategy. Strangley TRAK and INSE are 2 examples where I previously held but bailed out some years ago due to the strategy concerns that the increasing debt was too expensive to cover the hopeful increase in earnings. I actually set up the threads on ADVFN for both which are still running today.
For the purposes of this post I am ignoring the funding vehicle used or if dilution is involved (it always is one way or another) as its too complicated.
As an investor I expect the BOD to do what is right for the business, at all times. If there are targets out there that are an exemplary fit then why would we not bid them? Any delay could actually mean the target being bought by someone else and the opportunity lost.
We seem to have forgotten that the recent acquisition seems, to me, to only be running at 30% capacity. Surely we would expect our BOD to fill this as soon as possible to maximise financial gain?
Assuming the claims of synergy proves to be factual then any such synergy falls straight to the bottom line and cash. A £1m synergy today could, and should, be worth multiples of that in the valuation of our own business when hopefully SBTX gets taken out. Would we really want our BOD to ignore the opportunity of turning £1 in to £15m, as an example, in addition to the base valuation?
PJ, Your perspective highlights an important balance between strategic acquisitions and optimising current operations—a balance that aligns well with delivering long-term value for shareholders. As you suggest, smaller acquisitions can potentially maximise synergies due to their likely operational compatibility. When integrated thoughtfully, they can enhance the performance of existing operations, particularly if underutilised assets—such as the recent acquisition running at 30% capacity—are brought closer to full utilisation. More bang for the buck!
Prioritising unlocking the full potential of current partnerships and acquisitions before pursuing additional targets. Doing so not only maximises immediate financial gains but also establishes a strong foundation of reliable cash flows to fund any future acquisitions organically, thereby reducing reliance on external funding or equity dilution. This approach aligns with the principle of sustainable growth while maintaining strategic flexibility. This is what investors are keen to see play out first.
As you rightly point out, the potential value of realised synergies cannot be overstated. Immediate financial benefits such as a £1m synergy have a compounding effect on enterprise valuation, particularly in the event of a takeover. Ensuring these synergies are realised and effectively communicated to the market should remain a top priority for the Board, as it strengthens the business’s appeal to investors and potential acquirers.
Having said all this, wouldn't it be interesting if SBTX announced it had acquired an independent Ltd Company for under £1m without needing debt of dilution, with a statement we do not require further funding from the market? This would send a very strong message to the board's confidence in the size of the revenues from Croda for the first 12/24 months.
I know-I must stop eating cheese before I take a cat nap.
TOYIN
****. I don’t like the acquisition strategy, never have, never will . ***
……………………………………………………………………………………………………………………
Two companies purchased this year and you’re on your way to breakeven , without any revenues from Croda or new deals.
At the start of full year 2026 , SBTX is rocking, pure profit from fast growing Croda sales , plus expansion from the 2025 purchases .
S/A is going for growth, new additions going forward paid for with cash, debt, or even high priced shares make absolute sense .
…………………………………………………………………………………………………………………………
RISK
How would shareholders feel if things had not transpired as they have in 2024 .??
No deals this year, Croda trials failed ,and company could no longer raise new cash. !!!
Cash burn would be killing investors, with no hope , dragging down the stock price.
…………………………………………………………………………………………………………………………
The future.
Is exceptionally bright, the foundations are laid, three super fast revenue streams have gone live, more Lysate deals in the wings, plus much more to come.
My money is on S/A
Let's hope Tuesday's investor meeting addresses the near-term fears of further acquisitions.
Elrico, Oleric reported you to the lse the other day because your post to me addressing a query was not accessible to him. I had to post a link to your most recent updates in reply. It's weird that he gets so upset without access yet holds you in contempt. Brilliant work agin. Thank you.
Pay him not mind. I appreciate you posting the links back. I try not to post much because I tend to trigger some peeps.
I love the work ethic you guys have. Instead of sulking you work on providing assuring content. If you have managed to get the message across the last thing we need is more sbtx shares floating around that is a great effort. Sadly, i don't think Sa listens much.
I remember toyin being right and tw sweeping the lies and deception under the carpet. Defo Opti selling. The sooner they have nothing the better.
5% recovery. I'm not convinced the 1.23m trade is the buy it looks to be.
I SBTX don't go on some bad dash to buy smaller companies before Croda wonga drops, fab. If the urge become too much without self funding and more confetti issued i will kicking down the doors in Newcastle.
Elric , not one of my previous best 3 performing shares, NTA , COM , and TRD, ever had a profit forecast in the market. ( to this day TRD has no profit forecast , having been 6P, 12 years ago, now £2.85p )
That is a massive advantage for potential investors .
One can do the potential income sums yourself based on what information is in the market, in-fact a 2019 broker assumption , of £25M to SBTX in 2030 might be a good starting point.
Now onto potential share sales from OPTI , or anyone else
It has nothing to do with SBTX performance or prospects, so it’s a non issue, bar a short term lowering of the share price.
Next up , SBTX going out and buying up other companies.
Has anyone ever thought upfront cash from new deals could soon be delivered.?
Has anyone thought Croda income may arrive far faster, and in greater amounts .
Has anyone thought a far, far, higher share price may allow future companies to be purchased with high priced shares where dilution might be 1% not 7%.
To sum up
None of the issues raised are of any importance to long term shareholders aiming to make large returns from SBTX.
All the best
Bill