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Started: bottom_feeder, 9 May 2024 14:00
Last post: izstar, 20 May 2024 20:22
Well said Covgas - lth here and patient as you like! Should be getting close to something significant here if they maintain rate of current growth
Gl all
IMO this isn't down to PI's , they haven't enough clout. One day the institutions are going to buy big , when they see the signals they are looking for , then we are on for one helluva ride.
You got be innit to win it.
Richard Sneller was buying up until end of February, and Lombard Odier has been increasing their stake (up 0.45% in April), as far as I can see.
The share price will move up when PIs see a reason to buy in - maybe at the next trading update (mid July?).
Ejackson
'patience will be rewarded in multiples of today's SP'
I certainly hope you're right. Mine is being tested to the limit with TRX!
Apologies, I was referencing the latest presentation/ TU
Started: Thompi, 7 May 2024 18:29
Last post: Thompi, 7 May 2024 18:29
TRX are nominated in two categories:
Best Communication Award
Chief Executive of the Year
https://www.mediscience-event.co.uk/nominations-overview/
So frustrating - the sp is stuck on 61p - just don't understand given years of growth - guess they need to transition into true profitability not EBITA profitability but even so SP should be at £1 given all they have achieved - what is holding it back?
Yes I definitely voted in favour of all resolutions.
Very much support their focus and direction and agree re the web site - parts of it are out of date - looks sloppy.
I seem to remember getting something from IG. I just voted for everything , sorry I can't remember what the votes were for.
Basically , with 99+% of all resolutions passed we are just invited to vote to adhere to the law imo, we can make no difference.
In reply to the person who thinks we had movement today , we didn't. It was marked down 2.16 % the other day , the price on LES didn't change. It has been marked up the same today , the price hasn't changed.
Patience of a Saint required. Knowing when to sell will be my biggest problem.
If it spikes 40% which is quite possible , do I sell? It will get sold into , but will that be a trapdoor me to think the sp is falling off again.
Only to rerate by 200% within a week. That is the scenario I am sort of expecting.
When is another question.
Maybe I missed something, but I don't recall, nor can I find, any communications giving the resolutions at the AGM. The TRX website doesn't show anything that I can find, only AGMs up to 2023. Nothing on my dealing site either.
Has anyone received/seen anything? I'd like to know what the resolutions are (I'd like to have had an opportunity to vote on them!).
And on the subject of the company web site, if anyone from TRX is reading this, please bring it up to date.
Started: MrTibs, 19 Mar 2024 13:47
Last post: MrTibs, 25 Apr 2024 12:27
Movement hooray!!!!
Were they a buy at 73?
I haven't sold any , I thought I made my stance clear?
This time the top was 73 , it was pretty obvious even to a fool like me.
If you couldn't see that then don't ask.
Just now, I'd rate them a buy. It's a very thinly traded stock, and the share price always drops after results as the short term traders unload their speculative holdings. It'll drift up again in the coming months to a new high prior to the next trading update in July. Thereafter, falling back again - unless, of course, there's some really good news in the update, in which case you'd kick yourself for having sold too early :-)
If you do spot a high again, please let us all know before it passes ;-)
I feel your pain, but be patient. This will either re-rate during this year, be taken over or be taken private (I hope not the latter). The small market cap and low volumes does make it difficult for II. A duel Nasdaq listing would be good, but I’m not sure what hurdles need to be overcome for that.
Last post: You_Having_a_Laugh, 19 Apr 2024 16:15
You read people touting a move to a US listing as the solution to all problems. Liquidity is better and there is multiple expansion. The multiple expansion will come and bite where it hurts when the inevitable contraction happens and the liquidity acts in both directions.
Better for TRX to stay where it is and wait and let it work itself out and for the patient to buy at bargain prices.
Totally understandable, but I would sit tight. The company is doing well. I think we all recognise that the suitability of the aim will be under review, and a Nasdaq listing (either joint or as an alternative) seems obvious once appropriate. It is operationally a US company after all. A takeover or being taken private (with a view to a US listing) are other potentials. Being taken private or sole Nasdaq listing has obvious drawbacks for uk PIs re ISAs
I have sold on third of my holding here. After three years I still showed a small loss but the market shows no interest in this company. I fear it might move to America before some large pharma snaps it up.
Risk adversion is becoming dire..... I still have the other two thirds because I can see nothing better to buy! I really hope something changes.
Last post: izstar, 19 Apr 2024 06:07
Yes markets in the doldrums - in other times the growth story here would have been richly rewarded. IMO it will happen soon enough - maybe a move from aim to nasdaq? The fact they can’t raise prices shows how competitive their market is so surely their being bought with less resulting less competition/economy of scale makes sense?
118 shares traded today in TRX , says it all really. Hopefully a takeover will be in the offing .
Before anyone says , I'm not suggesting we are listed on the FTSE ,AIM is worse!
The UK market is an ass, that's why many companies are leaving the UK. The FTSE doesn't even track the Dow now like it used to in the 90's. The FTSE is way below the valuation of the Dow.
The only time TRX will be valued correctly is if a takeover happens , otherwise UK hasn't a clue how to value anything.
I think that is the key point - I thought for many years they would have to raise again when they expanded and they have now ruled that out. Not only is that almost unique in an AIM share it also confirms management's confidence in themselves, their employees and the business
Started: spindok, 11 Apr 2024 08:24
Last post: spindok, 11 Apr 2024 08:24
For three years I have held this share. So far I have nothing to show. The sp is moribund. However I do believe that the sun will come out tomorrow.... Its just a matter of living long enough to enjoy it. Talk over 2 pounds or four is just idle dreaming...Sometimes though dreams come true
Last post: izstar, 6 Apr 2024 21:50
Poetically put and totally agree
Like a fine bottle of Champagne, the cork is being eased out and when it’s ready it will pop. All the right things being done by management, institutions seeing the value which only reduces the free float meaning when this company’s value is realised it will fly.
Started: platoh, 5 Apr 2024 16:21
Last post: Mafuta, 5 Apr 2024 20:36
Founded in 1796, Lombard Odier is the oldest private bank in Geneva and one of the largest in Switzerland and in Europe ... sounds good to me. LH&K Mafuta
Good to see Lombard Odier steadily increasing their stake: 10.01% last year, 10.75% in February, now 11.03%
Totally agree. I just hold them and wait...
Started: DANNYBAREY, 19 Mar 2024 22:00
Last post: DANNYBAREY, 19 Mar 2024 22:00
Last post: spindok, 19 Mar 2024 17:26
Just imagine if it was bad news.....ahhhh
Started: platoh, 19 Mar 2024 08:00
Last post: Washerupper, 19 Mar 2024 12:33
They reiterated their guidance from last year. I thought they would upgrade it to 4x fwd sales, but they have left it at 120p. I missed the investors call but will look at a recording shortly.
On first glance the SP has already responded to the excellent company performance - up from 51p on January 19th.
But what we are seeing is simply recovery after last years share consolidation, therefore, the SP should have much further to go in 2024.
Volume has been better since January, but needs to increase substantially for the SP too really take off as it should.
What we need to see is new investors building substantial long term stakes in the company - this will be the game changer.
Cheers
If sp continues to fail to reflect underlying business perhaps TRX will be bought - I hope not as a great company to own a small piece of but would allow them to grow more quickly
@washerupper - the 120p target price, is that set for this year? Haven't been doing much reading up lately.
Started: Banditkong, 19 Mar 2024 07:17
Last post: platoh, 19 Mar 2024 08:45
Last chance to buy at these low, low prices :-)
Great set of results. This share is surely due a re-rate. LH&K Mafuta
all credit to daniel lee, david ****e and the team - great set of results and very impressive continuity rewarded by the positive ebitda.
Also good to see SGA costs as a percentage of revenue falling year on year
Yes just superb - an aim share where you can sleep well the night before results
Another winning year but so much more - no equity funding for expansion plans next year, moving to medical devices entity , all sorts of initiatives - these results are stuffed full of optimism. What a company - great directors leading a highly motivated and engaged work force
I do not want to go to the moon. I just want to stay in the black. First read seems quite ok..
Started: StuoftheToon, 18 Mar 2024 12:40
Last post: covgaz, 18 Mar 2024 17:56
Unfortunately we all knows what happens on results day , we needed to be higher to absorb it. It'll come .....one day.
I feel like Schrödinger’s investor. I am either a happy bunny or a disappointed rabbit. I’ll know tomorrow when they open the results box.
Sums up the state of AIM at present that TRX are trading at the same valuation as 3 years ago, despite clearly executing on all fronts and not returning to the market for capital. If this can break 70p tomorrow then it could rerate quite significantly IMO. Pre Woodford / Invesco dump & subsequent funding issues (which likely wouldn't have happened if Woodford hadn't gone to the wall) this was a £100m+ market cap which was a long way from profitability!
Hoping for a little bit of interest here before tomorrow's results (hopefully not everything is already priced in). GLA.
Started: spindok, 18 Mar 2024 10:07
Last post: izstar, 18 Mar 2024 12:09
I truly hope you are right. Business has grown qtr to qtr with new products and territories to come and led by competent managers - fingers crossed
Oh well this time tomorrow we will have digested the final results. This is not hardly noticed except by a few canny large holders.. May be proved wrong but the last year the sp has been moribund. I think it will prove the quiet before the storm...
Jonny investing is not supposed to be fun. Holding this share is like wearing a hair shirt and beating the soles of your feet with a flail. However next week we may find that there is a reason to celebrate. Generally there is quite a lot of optimism that the company is about to get a large leg up... And you got to be in it to win it..
Started: Banditkong, 1 Mar 2024 07:20
Last post: JonnyRod, 1 Mar 2024 16:21
It hasn't been a lot of fun if you were a holder when they did the last placing at the massive discount and decimated the value of your holdings, then years and years with the exception of last month of virtually no added share holder value. Hopefully all that's long behind us now and its onwards and upwards.
I may be wrong of course but this company has spent several years establishing a strong foundation after a period of turmoil. That foundation appears rock solid with distribution agreements in place, regulatory approvals just around the corner and demonstrated demand for its products. Honest, entrepreneurial management with a strong team under them and new manufacturing capability to come in the years ahead - it has been a lot of fun (for a change with aim companies) to be part of the project
Going to be a powerhouse in my view
The finals should confirm the good news from the interims, and hopefully report more progress. The notice of results should excite some interest in and demand for the shares amongst PIs, so I'm expecting another run up in the next couple of weeks.
Bought some more this morning on that basis.
I'm feeling good about this one too. Fingers crossed for a steady rise!
Yeeeessssssss. I'm exited about this one. Hopefully it will continue the positive momentum of the SP . And push us into new territory.
A few profit takers the last few days but future here is bright imo - should have a new base no lower then 65 with a further launch into the 80/90s this year
Keen large buyer/s at this level is a good sign - Gives confidence in the strength of the underlying business.
Still not at fair value though.
TRX has been unfairly hit by every macro event and nervous PIs pulling their money.
There has been no intrinsic reason why the share price should have dipped back down to 50p recently.
A gem of a share and I'm glad i took the opportunity to add in the 50s.
Even at 70p this is a compelling risk-reward play.
Yes, this has always been an investors share - my largest holding and one I am going to keep for many years. Love the management, TRX team and products. With regulatory approval to come in some jurisdictions, growing number of distributors and sales the future is bright here - in my opinion
Investors are waiting for the ten per centers to sell and snapping them up.not many shares available .
Started: Richard08, 7 Feb 2024 12:11
Last post: smorrisjones, 22 Feb 2024 09:33
Slowly but surely wins the race :) Always been confident with the managment here which makes it an easier investment case.
It's good to see the share price rising above 60p, but the intra-day high for the last year is still the 70p it reached on 31st March 2023. I won't feel confident in the short term until it steadies in the 70s and I can see a likelihood of further rises after the annual results. At the moment it is still a very thin market.
Agreed covgaz, everytime there's been a spike it's turned into a disappointment. I'm feeling more confident with a slow but steady growth.
Agreed - just like the underlying business steady growth - genuine gem of a company - unusual for AIM
Ticking along nicely , we don't want spikes.
*sell
If it's below the mid-point it shows as a well, above the mid point shows as a buy. Remember every trade is someone selling and someone buying.
My last purchase this morning for £1010 showing as sell ??
"These new distributor contracts, alongside the first shipment of products from our Irish logistics hub, are a great step forward in the Company's EU expansion plan into markets where we gain approvals and demonstrate
the effectiveness of our ongoing 4S strategy as we scale the business outside of the US."
Onwards and upwards 👍
LH&K Mafuta
Lovely comms to wake up to
At last we are moving ..
Started: izstar, 5 Feb 2024 10:41
Last post: You_Having_a_Laugh, 5 Feb 2024 17:57
Have bought in at some reasonable volume over a period of time. Looks ripe for recovery at last.
But will only be traders after recent rise
Growth numbers continue to be good and company confirmed the same for 24 - so what’s not to like
Started: Sambaqueen01, 3 Feb 2024 05:23
Last post: Sambaqueen01, 4 Feb 2024 17:19
Agreed. Hoping the company report progress about the partnerships and expected regulatory approvals in March.
I was pleasantly surprised by the TU - expected continued progress but they continue to deliver growth at pace
They will need to get some new territory reg approvals to hit that number in my opinion but as you say with all their new distributors you may well be right
I think they are ripe for TO - keep the team in place, fund them for even quicker expansion
Been fun holding shares in this great company
I think revenues will hit 42-45 million in 2024 with our maturing partnerships. Interested to hear other predictions.