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Ndn & wyndrum, I repeat my question why do u think July?
Just look at the deals AS has put together. I’m glad he’s leading the company & trust him 100%.
While I agree that the delays are frustrating, they are as ever are out of Avacta hands. In this case any additional delay to final CV / CE for the LFT is simply the fact there are now very few ‘live’ guinea pigs left to test on as covid is at least temporarily virtually wiped out from Uk hospitals, which was the same reason for the delay to BAMS which ended up being tested in Spain and also delayed by brexit.
Opportunities missed ? Yes absolutely another £1.2 billion went elsewhere but old news, Uk government had no choice but to plug the gap, and it’s absolutely guaranteed that when the Avacta LFT is ready and confirmed to be the best in the world, the Uk government will be ordering it - or the Affimers to make it for at least the next 2 to 5 years, and industry the greater world population potentially indefinitely because covid-19 and any related mutations and similar will be unfortunately here for ever, no way will lockdowns ever be allowed again at any cost in developed economies.
These Pioneer tests will form what will evolve into a multi trillion dollar worldwide industry eventually becoming part of toothbrushes and sewage meters - big brother Affimers (or other potential equivalents) will eventually be testing everybody discreetly night and day
DYOR - then I’m sure you’ll agree Strong Buy or Hold
Dan you are welcome to your opinion, however, as a shareholder I don't think it unreasonable to express my concerns on self imposed continually missed deadlines by the company. I have made investment decisions based on their remarks.
So although you don't trust me, I have to ask, do you trust AS, Given that he has not fulfilled any of his publically stated timelines on the test to date?.
I imagine you will say yes, but at the same perhaps realise that that is a strange state of affairs to trust someone who has not produced what he claimed he would but not trust someone who highlights their concern at this.
He’s only here because he has a thing for Timster.
Ironic he can accuse anyone of offering nothing of substance. Globals posts had more balance than his & that’s saying something.
Have you got anything positive to say about the company you’ve made money from? What do you think the potential is?
Yawn, the same old whingebags bleating on about the same old stuff. Leave them to it. It’ll turn up whenever and if the numbers are good all will be forgiven as they add to the profits they’ve already made from the company they enjoy moaning about. Utterly pointless discussion from start to finish.
We didn’t get a test out by the end of summer, well, blow me down with a feather! We haven’t had any contracts yet, no way! It turns out that investing in a small aim biotech is risky, well I never ever did! Thanks for the multiple daily reminders. Yet zero conversation about the potential and the reward side of the equation. The main benefit of the test coming out isn’t the share price rise, it’s that they’ll finally stfu. Anyway, I’m off to dress up as a Jehovah’s Witness and have some more interesting arguments
Yes JDT, I agree, it is worth waiting for. It's that simple really.
Those who don't agree should just back themselves, sell up an go. Preferably, quietly.
Wyndrum, why do u think July?
When you add the reliance on so many the third parties, A number of which are mildly incompetent. Then a virus which nobody understands properly and goalposts being moved left right and centre, you can see how timelines have slipped.
Don’t get me wrong I think AS makes a rod for his own back at times but look at all the negative LFT press. For Avct to emerge out of this unscathed, with a top quality test the likes of Deeks can’t tear to bits (because there is plenty of hard numbers behind it) and Affimer brand well and truly in tact. Is that not worth waiting for?
See my last post.
Anyways I'm of to argue with a Jehovah's witness, you have a lovely weekend.
Therein lies the problem. "Soonish" or shortly or around etc etc etc
Last summer, q3, q1
Whndrum claims to be a holder of AVCT and yet writes as if he is not.
In summary, he is not a person to be trusted, I would not wish to spend the time of day with a person like him.
Well at the end of the day whether you have a negative or positive outlook. All we can all do is wait. Avacta have set out to deliver a world class LFT we will know if they have achieved that soon(ish). Latest interview was worded as what we WILL deliver so let's wait and see, it takes as long as it takes, we've not been in CV before with the other timescales mentioned, now we are that's the final hurdle before launch and sales.
No Tim, I'm wedded to this stock now. But I am reducing my expectation of the test income and focussing much more on the long term.
I'm in the very fortunate position of having sufficient funds to keep a big wedge in here but used 2 x ISA funds just this week to look elsewhere. Which I have done so now this is about 50% of my portfolio. and thats ok. (for me)
I got flamed for saying the test would be for sale in May at the earliest. but now I think its possibly July.
Oh great one, you've been in since last September (maybe earlier) when it was 166p(ish) so you are up 60% minimum even though Smith has failed you
Have picked up some lfts from the local covid test centre. Made in China (is this insult to injury ?) at Xiamen Biotime Biotechnology. 7 tests per box. Questionable S&S this product, we continue to wait for something better. GLA
Out again Wyn?
Wydrum you claim to be balanced but you are full of carp sometimes.
The latest Innova award was outside of the DPS. So what’s that £8bn DPS tender there for, which we know Innova don’t qualify for!? We haven’t missed the UK boat at all.
It’s always been made clear too that Europe was a focus for AS. Europe is a mess - demand there will be huge.
CV is being done using clinical samples not artificial which the up side is that reduces the disparity between CV S&S and real world S&S which is exactly what we see with Innova and the other test. Real world S&S is carp. This is why AS wasn’t happy with PD using artificial samples.
Down side to doing this is it relies on real people with the right viral load who have to agree to be part of the CV. So it takes longer.
AS could have CE marked on the initial 56 samples but he hasn’t.
Does that suggest to you the boat has been missed anywhere??!?
We miss out yet again on a £b plus order and it s getting on now for the middle of April.
Here's the thing. The Innova test is "our" test. so when the govt purchases ANOTHER £1.2b worth, that's what, 100m tests? 10 weeks worth? which makes it beginning of July before we are in the game? I don't think it's co-incidence that the govt will only give out free test until the end of June.
My best guess now is that we will miss the UK pretty much for sure as evidenced by the quantity of Innova tests bought which gets us to the end of June and then business and people will have to pay. Presumably that's when our test will be ready. (That to me implies we are still a ways off from CV)
Our best hope (and it is a hope now just because I have no idea what AS is doing in a country where there has been millions of positive cases AVCT has not managed to get enough to validate a test), is the RoW but as for the UK I think that ship has really, at last, sailed in the quantities I expected 6 moths ago.
I think all this (govt related) work over the last year is for the next Pandemic, whenever it comes along. The manufacturing, the logistics, the rapid diagnostic test through affimer tech, all will be ready next time for a very rapid response.
So July then?
The reassuring news is that my analysis is usually crap so we should get the RNS on Monday!
It’s not about hurrying out a LFT it’s about building the foundations for the Affimer platform which is so much bigger than LFTs.
The knock on implications of ending up embroiled in this Innova defamation would have been catastrophic.
As the phrase goes - you can’t rush perfection!
“If Avct released the LFT last summer and BAMS in June as announced in company RNS's we would already be trading at £20/share with the majority of the imminent £8 billion to come !”
So so so so so short sighted. Probably time for you to find a different investment.
Spacetomato
"neither is AVACTA or Alastair smith late with the results"
You are taking the p1ss.
Avct BAMS was due last June.
Avct LFT was due last summer.
Since then UK Government has awarded a total of £4 billion in orders to a cheap,cr@p, 50% accurate Chinese company.
If Avct released the LFT last summer and BAMS in June as announced in company RNS's we would already be trading at £20/share with the majority of the imminent £8 billion to come !
"neither is AVACTA or Alastair smith late with the results".....my ass !
Templar you’re full of carp.
Innovas part in this current pandemic stops very very soon. They will also play NO part in the build out of a domestic top class diagnostics industry here in the UK, which the govt have very clearly started to make noise about.
Innova have done a great job at capitalising on large sums of the UKs money and fair play to them. However, their reputation is done. Just like Excalibur and the ventilator scandal.
£4bn of the Uks money is going to look very very very very small indeed compared to the future global revenues from not just LFTs but also diagnostics products for years to come.
This is where so many, including you clearly, have missed the point. If it’s worth doing, it’s worth doing properly as we own the IP to these products.
Avct is affimers not LFTs. A carp test would damage the reputation of a product which has been shown to have multiple versatile applications - look at the deals Avct have signed recently nearly all non COViD related.
Too many impatient 5000% rises in a day type on here.
It’s clear what the goal is here and AS is doing it the right way - thoroughly. He sees what Potential Avct has and cannot jeapordise the image of his company to satisfy some impatient PIs simples.
Ps - my rule is if you mention the house you go in the bin.
See ya!
TEMPLAR: "£1.2 billion for a 50% accurate Chinese test. It beggars belief".
That's correct, Mr., but one thing the Government is doing right and we got that from NCYT news, they are starting to stop wasting; they CANCELLED PCR contracts. Any Co trying to sell that is heading the same way NCYT is, and that is down.
The Chinese Inova orders were carried out last month, and we all know how crap those things are in relation to UK made LFT products, including ours, so they will head to the bin as none of those test will be accepted at airports, ports or international train stations.
And one last thing, neither is AVACTA or Alastair smith late with the results as THEY are not responsible for CV or CE marking delays. All those muppets drumming this point constantly in their idiotic attempt to affect the share price (AS IF) on a forum are simply deluding themselves and are not more than just some pathetic, sad morons with nothing else to do.
I can't believe I had to read their posts all the way from 47p ( when I first bought AVCT) and look at the price now. The more they try the more pathetic they all sound.
.