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good for you Urraca, bargain!
The 30k trade at 8:33 today was me. And it was a buy.
yep, couple of early buys this morning look like buys to me also. Games being played. Good things coming for those who wait imo.
2 delayed publication buys from yesterday plus the buy on the bell. It wasn’t all sells. Feels manipulated to me.
There may have been news:but what did that do for the SP? Wonder when we will hear anything about the court case (Binding agreement with the Government NOV 2021 to pay the money owed!) And MY MP still doesn't reply to me
See of Red!! It looks like loads of people have run out of patience..
There was news!
Significant contract to manufacture LFD components
Tue, 17th May 2022 07:00
RNS Number : 6783L
Abingdon Health PLC
17 May 2022
Abingdon Health plc
("Abingdon" or the "Company")
Significant contract signed to manufacture lateral flow device components
Initial phase worth a minimum of £2.7 million for the first year
York, U.K. 17 May 2022: Abingdon Health plc (AIM: ABDX), a leading international developer and manufacturer of high quality and effective rapid tests, announces that it has signed a significant contract with a European customer for the manufacture of lateral flow device (LFD) components for a COVID-19 antigen test.
The contract is for an initial period of 12 months with an option to extend and will commence with the primary production of the key biochemical-sprayed nitrocellulose component of the LFD. There is also an option to expand to other aspects of device manufacture including production and lamination of other membrane components and ultimately production of complete foiled devices.
The contract is with a European customer with the initial phase worth a minimum of £2.7m (based on minimum specified monthly order quantities and pricing at current GBP/USD exchange rates) for the first year. All raw materials required for production will be provided by the customer. There will be an initial technical transfer process, paid for by the customer, which is anticipated to take approximately two months.
I think that's well summed up there Zoom.
It the strange and annoying thing (when working against you) about AIM. It's actually not so much about picking the best company but picking what other people "think" is the best company.
The extra annoying thing with this one is people have lost faith because ABDX/BOD ended up with some really bad clients, first the goverment, closely followed by AVACTA. Both times ABDX did what their clients asked for but both times they came out looking the bad guys.
AIM sees many examples of companies valved in to 10's to 100's of £millions despite not actually making any money yet...reason, enough people believe they will make lots of money some time in the future. At some point in time they need to start making those £10's millions just to justify their current value, don't and then crash big time!
ABDX tiny Mcap, with incoming revenue and all the other stuff you pointed out equals very little risk. The £2.7 million contract they announced last week pretty much justifies the Mcap on its own.
I think many think like you say..so why the low SP must be something wrong so we are just in a who blinks first situation. When the SP moves those people will have the confidence there is nothing wrong, buy in, SP goes up more, more confidence, more people buy in and off we go in a big way.
When the fundamentals are there it always comes in time. You don't necessarily need a great RNS either, it sometimes just happens out the blue. One big buyer seeing the value and opportunity and off this will go.
Without good news;I would wait until the half year results:then maybe you can top up @7pence
Strangely enough, this feels like a safer bet than some other AIM stocks to me at this level. They have contracts, pipeline, are owed nearly 9 million and have recently invested circa 9 million in to autonomous production with the potential to produce circa 100 million tests PA. All this for a market cap of 12.5 million.
The market clearly doesn’t like something at the moment though.
A business update would be good. The silence either suggests that either there isn’t a lot going on or, they’ve got their heads down working on existing and new opportunities. I would like to know where they are up to with Vatic.
Hi All,
Everything here points towards a potential big rise, certainly in the longer term, I.e. 1 to 5 years.
My one concern atm is investor sentiment.
Abdx management really must work hard now at rebuilding investor confidence to flush out the day traders & short sellers or price rises/ rerates simply aren't sustainable.
Stating the obvious, they need long term buy & hold investors.
I get why they IPO'd as they did & the 25p placing; I actually think they did very well with it & saved their business. They are demonstrating that they're building a good pipeline too, but now they have to show the market that they are here to stay & that they are straight shooters looking to provide long term value for their investors.
Let's hope got the memo.
Fyi, Pfizer have just announced their view that covid is going to be back at Xmas. People seem to have forgotten....
GLA