The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Magsy, it’s history. We’re in July. It doesn’t need repeating again as it hasn’t happened, we didn’t get an update - that’s a fact so we’re all agreed.
ok really we done this to death
He is going to report at the beginning of July that bit we all agree on.
I understand Magsy the use of the word minimum made us all hope for a report before then but it hasn't come.
At a guess because the approvals have not come yet and that is the sticking point but what ever the reason we have had nothing yet. Is this disappointing?...Yes Is this a huge problem? to some it seams to be to others not at all. has DB broken his word/ done anything he said he wouldn't? not in my view. he stated we would get an up date in early july unless there was something significant before hand, there hasn't been.
we KNOW there is a half yearly report just round the corner.
we will hear something then
No one is disputing that.
Let's quote it again (thanks Steve)
"I don't see any reason why this won't translate to a significant business for us, you know, but, I've already communicated that, that, that we expected orders in June, so, um, as a minumum we'll do an update early July. End of, end of June is our, ah, fiscal year, so we're updating that one anyways, and obviously if anything significantly price-sensitive happens, ah, before before that, we would, we would update the market as well."
DB said he would update in July as a minimum. You understand that there is a difference between 'I will update in July' and 'I will update in July as a minimum'.
The reason this keeps having to be repeated is because the same people seem to conveniently leave out the minimum part. At this point I think it's clearly just people being dishonest, you guys aren't incapable of understanding this.
Punter - There are much better options on the AIM for a punt at the moment than GDR for a few bob!
Punter
Most of the posts you make are palatable to anyone looking at GDR objectively. I dont hold a grudge against you for that.
Truth hurts and its definitely hurting some more than others.
Its a good time to buy in, i've said it before, GDR with DB is far more palatable now that we have GHIF on board.
They will absolutely be asking DB whats going on.... and they will have done their due diligence far better than any of us could do.
Saint-Tropez, if DB in his market update states although june is closed that we are still in the process of looking for initial sales are you going to finally get it?
Punter. You are pretty boring.
Why do you sit on a board with no intention to invest. I wish I had as much time on my hands as you do.
"Punter, you must feel a little more positive about GDR then as you were originally looking at 80p and since said that you probably wouldn't even invest if it did reach there."
Just talking a few hundred for fun. Not looking for a big holding here, happy to have sold that for a nice profit.
Can the CEO of GDR judge it?
He was confident of sales in June.
It's simple, gdr has a world class gold standard test that it appears cannot sell. If it were such a brilliant test then first sales indications and distribution channels would have already been announced. If david does read these forum post seriously up your pr and media abilities and start producing more regular reports to the market.
If I have a gold standard product but have not been able to sell it to the most in demand buyers market currently in existence then the company needs to get people in whi can actually makes sales. Try Elon musk approach David, it may be harsh but it gets results!
Yes, you're right the same posters do just post the same tripe.
It's not about patience, it's about whether the current progress is meeting expectations. It certainly isn't meeting the expectations of the market. The more objective amongst us are honest enough to know that anything other than the very minimum expectations have not been met. This could all change in July but for now that's how things stand.
Exactly what is the point in Punter?
Punter, you must feel a little more positive about GDR then as you were originally looking at 80p and since said that you probably wouldn't even invest if it did reach there.
There's almost definitely going to be an opportunity to sell north of here at some point in the coming months. It's just about maximising the potential now.
Might buy in again it if retests the lows of around 106p. Just for a bit of entertainment it nothing else.
The current price is based on the market believing in the potential of gdr covid solution and the small amount of money that has come in from the DOD sales.
If gdr cannot show in a short period of time that it can sell to what is currently the most in demand product in the world then the share price will continue to show the weekly slide down in price.
A lot of pi who have bought into gdr since april are expecting seriously good sales, if that doesnt come to be true then the price will struggle to rise.
There are issues that the company has yet to have issued any rns concerning sales or distribution channels. The Fda and who approvals will take time as it's all red tape to get through.
Gdr simply has to show good sales data soon, if they cant we have simply picked the wrong share. It's no good going on about the future poc test, they haven't demonstrated they can sell a gold standard test.
Yes, the current share price is based largely on speculation and the market is getting impatient/losing confidence due to the lack of news hence the drop but you know as well as anybody else that if sales start rolling in, the share price will be well north of here.
@punter :) buy £100 worth just to step away from the darkside :)
come on you know you want to :)
laters mate :)
@punter , @safy @all
sorry have to go get kids next work pack from school and his report will pick this up in 30mins or so.
So sorry.
good chat thanks all
Yes I agree optimism is priced in.
Punter
Weve dropped because of no news.
I never said that Punter I think there is some cd-19 optimism priced in but approvals and sales will see a truer picture.
And to say the pricing had no effect is purely stupidity RNS about Who approval share price increase to three pounds and rising halfway through next day RNS about placing share price tumbles.
Come on punter we know you don't hold here anymore and maybe you don't want to see Genedrive do well to convince yourself you made the right choice but really.....
i know we have a different view on Mr Budd :)
He is certainly under stated and not showy but to be fair we had showing and rampy before at genedrive and the wheels came off.
to me he delivers on what he aims at and is measured and careful
he is also deeply passionate about his product as you can tell in the presentation particularly about the hearing lose kit.
"The increase to £3 was on the who approval of the HepC test "
Why then has the share price dropped 60% since? the HepC test still exists right? And dont try and say it was the placing, becuase that was a dilution of 23%.
If you think nothing Covid related is priced in to the current SP you are extremely naive.
make that 4.5 and still moving.
Bye Punter.
The increase to £3 was on the who approval of the HepC test
which is arguably a more sustainable proposition for genedrive future than cd-19. The market for HepC handheld testingr is vast and we are first to market. That is why we were on GHIF's radar in the first place.