I think you are right throth but where is the floor on this one? It seems to be in a death spiral. I have watched tis from around 38p and there is no sign of any bounce. It is in an interesting area and gets good grants but is unloved by the markets.
I think you are way of the mark Hedgehog-these are only computer generated figures. Look at previous RNS's-all good news. Although last years results won't be brilliant (due to reorganisation costs after reverse takeover) the future from september 14 on looks very positive and I expect results will spark a rerating.
As my previous post this latest RNS of contract valued £2.5 million on top of others announced this year seems to have been missed by the market which now makes IXICO an outstanding buy. Less its cash pile the company is only valued at about £2 million and will be in profit next year. Should be at least double on this news.
Ixico has dropped to a low for the year at 35p and in my view is due for a big bounce. The company is one of two on the market involved in Dementia diagnosis and has recently launched a dimentia diagnostic kit which it is promoting. With the immense focus on this disease by the government this could turn into really big business Directors were recently granted options at 49p with the ability to take these up subject to increasing the share price from 49p. The company has been doing very well lately too. An update is due from the company in December Cash in the bank of over £3 million and company valued at only £5.25 million inc cash this has got to be a steal.
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