Biorem Inc V.BRM

what's next?

[Ciao]

Q3 will be out this week, if not, next week.

$10M worth of contracts (various customers) allowed market cap to go up only about $3.5M. Nice backlog at $36M.

EPS could be .04+ for the year, trades at 11X current earnings.

Revenues could be 24M+ for the year (don't know effect of COVID). Trading at <2X revenues (P/S)

Needs coverage to raise awareness to the investment community.

[Possibleidiot01]

Maybe the stock could break the trading range , between 32 and 45 cents , it has been in for 3 years . I am not counting on that happening. Would jump up and down if that did happen! I am also not counting on coverage . What I am counting on is them posting results that are good enough, in time , to attract the desire of a larger company.

[Ciao]

Don't know how it was $3+ in 2005. Not anticipating much in terms of coverage, perhaps a small Nano cap investor like Gerry Wimmer to start. It's in the right space with cleantech being hot, but way too early for anyone to look at it wrt M&A.

[Possibleidiot01]

Not being around the stock in 2005-2006 , I can only specuate that there was some buzz about pioneering cleantech technology. I disagree with you about it being too early for M and A - we have proof of concept ( the technology works) and a healthy balance sheet ( at least i hope that's what the quarterly results show) that would self finance , at least partially , a deal. Not holding my breath

[Ciao]

Time will tell, the controlling shareholder may do something, but they could have done by now.  Market cap of $14M is peanuts for them. It may happen but could be years to come. I'm just thinking of the example of IPLAYCO I had mentioned to you before.

[Ciao]

Here's a link to TUS holdings investments by TUS Holdings

[KnowledgeSeekr8]

I really don't know what it will take to get this out of the trading range of $.30 - $.45 I had hoped that they would do a dividend but on the last call they said that wasn't going to happen and they would be using th ecash to invest in growth. Haven't seen it yet. I feel like I may trim my holdings if it goes to $.45 and then rebuy under $.40 when it inevitably falls back under that

[Ciao]

6 years is a bit of time.  Consider that with ESG investing taking off and BRM is in cleantech, this or next year could be the year that it breaks out.  The backlog at $36M is the highest ever (?) and could continue to grow.  Another positive quarter and micro cap analysts could be recommending the stock. TUS has been here for almost 4 years, what if they decided to sell their

[KnowledgeSeekr8]

That would be my luck to sell off a chunk and then this rise by 50%! I will see what the earnings look like for Q3 and see the price action after that. But you are right, I track the bookings and backlog, and going back to the beginning of 2015, this is the largest backlog the company has ever had and also the second largest quarterly bookings of $10.8 annouced yesterday.

[deleuze68]

I've been a shareholder going on 4 years now. Been adding every year as the stock just gets cheaper. Balance sheet and backlog are the strongest ever. Plus they have been booking some really important projects. I agree the cleantech story is just gaining momentum and there is no reason Xebec should be trading at its current valuation with Biorem stuck down here. I look at it as only a matter

[Ciao]

No doubt that BRM could easily be trading for 2X it's current share price, ie. 20X current earnings. It's just another example of the inefficient market place for nano/micro caps. One pet peeve is that their website is still atrocious and how would investors know that BRM is a good investment if they cannot spell it out in an investor presentation / slidedeck? This is so basic for IR

[KnowledgeSeekr8]

I just went on the website for the first time in a couple of months and there are some improvements sicne last time. I think they are rolling out changes slowly. But it does show that press isn't a focus on the company and they have no one in any type of permanent role in making this happen.

[Ciao]

One last thought for the day; Cash position is $8M  Market cap is $16M Half the share price is represented by cash, ie. .20 cash / share Very undervalued here, additional discount from illiquidity, from one large shareholder to the next

[Possibleidiot01]

Your post illustrates why people like to sell in the range of  45 cents perfectly. The way the stock trades is a HEAD- WALL , HEAD-WALL ........ bang your head against the wall frustration. My belief is that the value is there, and is in fact improving, and eventually something happens . As I said before , not holding my breath but not discounting the possibility either