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The problem I and many people have is GDR has CE approval, SA approval yet no RNS of any substancial sales and yes, they have said that they sold into Europe but no indication of volumes sold. I am sure had there been any substancial sales they would have shout it from the roof top!!?
You can see they released RNS today on very little news, well nothing substancial anyway.
Barnet you must be another that’s been burnt, you clearly
Really on shares for income. I personally don’t, shares for me are like supporting a football team. I’m fortune that even if my portfolio goes to 0, I’m more than ok with my pension. But I look at this board as a means to derive support In the team I and backing, if you are not on the team then why are you here? Your words provide no constructive input and frankly are nothing but hiding behind a facade of lose and frustration. Leave this board to those who have some value to add other than non invested criticism
Nonsense barnetpeter....
this is where we are and there is plenty upside...
Genedrive share price investment potential
Still, from an investment perspective, I think the Genedrive share price looks attractive. One of the most common reasons why early-stage healthcare companies fail is lack of funds. That’s not something investors here need to be worried about right now.
At the end of June, Genedrive had £8.2m of cash on the balance sheet. I think that could be enough to sustain the business for at least two years. The company should have reached the revenue stage by that point. From there on, the sky could be the limit for Genedrive.
As such, while the Genedrive share price has fallen in recent months, I think the firm’s fundamentals look much stronger today than they were at the beginning of the year. If the company’s testing products are approved around the world, the revenue opportunity could be substantial.
Just a novices error. The competition is booming....NCYT finished up 152p today....while you all have your cash in a stock that does nothing but disappoint.
I sold out at 116p today having sold some of the 80p placing stock at 243p. So its not been bad at all. I would happily buy back at 150p if the management of GDR could say "here are our contracts, this is what we are making, this is our revenue etc". Just as NCYT has done. They cant because there is no product, no sales, no profit, nothing. All hype, no substance. Meanwhile, your cash is stuck in a stock that is doing nothing but churn when every country in the World is desperate to buy now. They dont care about the cost...they want product that is authorized and they want it now. Today. Not in three or six months.
GDR is a dawg. It started out full of promise but management could not deliver. I dont know why. Maybe they did not believe in themselves. Thought covid would be like many other virus that threaten and disappear. Raised a load of new money at 15 times the lows that secured the business and thought thats it. Whereas the management of NCYT were there first and kept on.
Lets see the prices in December. I know where I would put my money and its not in GDR.
The point is. Noone cares if you have sold. Not even a little bit.
Andy Barnet has a damn good point though , I sold today because it’s just too slow for me after 6 months , it will get there I think but the progress is far slower than it’s competitors
Allahuakbar, I agree. People also seem also think WHO / FDA qualification is straightforward and if I understand GDR have failed with a WHO TB test before (??).
It shouldn't matter as shareholders should be happy what's happened to the SP here from 6p. People just expect to much these days. If there are too many qualifation problems, GDR should just abandon PCR and focus on covid intact virus testing instead such as LFT or any other type of next gen testing method. Gdr should leave the big boy testing to the people who know what they are doing, Novacyt , Abington Health, Omega, etc...
allah4uk-how can you say it's a dither and delay. GDR DO the job properly, no half measures here I think. Nothing less than excellent it seems is going to do for theses guys,
Remember COVID is here for the foreseeable future-all agree there is no end in sight. So if we wait while they get it right, what's the problem. I've said before-this is lives we are talking about it's not all about profit for everybody here although we all would like some of that too :)
Magsy18 : opportunity cost is a legitimate concern.
GDR's SP should eventually shoot up (if RNS-worthy sales are finally announced) - but I'm not sure it'll be enough to make up for the potential gains that'd have been lost due to the long, long wait incurred by GDR's Dither & Delay strategy.
well its all about timing pal lol :P
But you waited until they were a quid before you told us..........
#worsetraderonLSE
4 h RSI says oversold ...combine that with almost 2x more buys than sells ..my best guess would say buy the dip
I am one of the people who, back in May, felt that GDR had the best potential for gains out of the COVID stocks. Obviously I was and still continue to be completely wrong. However, I still do believe that I will make some profit here (my average is in the 140s) and although there are probably better gains to be made elsewhere, after waiting so long, I don't think I could handle seeing GDR rise if I had sold!
My stop loss is at 90p which will release further 100k shares into the market , I pray we don’t get there .
will pick some up around 82p
Magsy18, agree :) happy to buy more again when it drops more, it all helps
Nah....NCYT will be at £20 and this? Maybe 70 pence? 50 pence? Nothing here. I got 116p....wont see that for a while!!
Bounce - Dip being bought
100% gain on beckam coulter ‘go live’ this month
Interesting and valid view magsy. I'm interested to know what stock is a best buy for you right now?
Adios Barnet...don't bother coming back :-)
Brilliant,People buy like hell the fact Peter has sold is the best buy signal on LSE,REPEAT BUY ALL YOU CAN.
Ouch GDR "release of the final CE Marked system in Q1 2021"....That could be 6 months away. NCYT is selling its stuff in million pound contracts now. Today. Too slow. Too late GDR. I expected two weeks not months.
Sold out today.
Haha just go back and see the people who were calling 130p+ today.
This is back to where I expected it to be with no decent news. As always, if LTH truly are LTH and still believe that sales will come at some point then there isn't anything to worry about.
Oh my giddy aunt what is happening; an rns i ve been waiting for and a bloidy drop!