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TAVERHAM
NEVER A TRUER WORD SAID
Announcements are far below the waitings.
Try, why is'nt the sp higher? Imv many aim companies are run by liars and cheats and many investors will not touch aim , however solid the company or its team. Other investors want to see revenue streams are secure and on going and there is no track record here yet. That just leaves the four or five investors who post here and keep wondering why the sp is not higher . i am one of those.
Long awaited RNS issued on ODX - news is...……. there'll be an update on progress later in June!
How good is that? The SP will probably go up on that one!
lol!
also thinking shorters might not be helping this share price
so much good news
and then a drop when good rns
with time still hoping for a rise
hoping July
if 10 million tests being produced in June
then my hope is July sales update might move this up
Troy - seems we are thinking on the same lines.
I don't have experience in pharma business so I could be wrong about this. Judge from the analogy that occurred to me concerning a milkman! Its probably quite old! We can order milk, be supplied on account, pay a weekly bill but if milk was a very inelastic product in short supply we'd be paying in advance to secure the order & perhaps buying the milkman a new horse if we were desperate enough & in an auction like perhaps Zimbabwe might be for these tests.
Pharma contracts must specify arrangements for delivery, instructions for use and emphasize the timing, contractual commitment to orders placed & payment terms. Wouldn't you bet Chartwell Consulting start by asking what the review of terms of sale has been?
Anyway, what bothers me is why the SP isn't higher on all this good news. Is this just AIM trading more on sentiment & hopes that fundamentals or is there some problem with investing in this particular entity for some reason, like French law allowing a single shareholder to hold a majority or something else like that? Appreciate a view.
KR!
Trytobuylow Thanks that’s exactly my point the orders will be going in batches. You can even see from Zimbabwe order initial 500,000 then 1,000,000 to follow. Once we have forfilled our current orders we will be sitting on a mountain of profit. While orders pouring in at the same time. Now with the promise of new revenue generated through new products to be launched as per today's RNS this will have to rerate massively!! Won't be too far away for us to be sitting on the current MCAP in cash profit!
I haven't done the spreadsheet ShaunP recommends as the numbers seem so compelling but he is right there will be some great insight in reading carefully.
It is worth drawing attention the accounting distinctions in the words used.
"Sales" means an obligation has been created on the transfer of the title of certain goods
"Orders" could be a contract to purchase over extended period usually with terms for schedule of supply, "sales" payment, payment on account perhaps terms for variation in schedule of supply or cancellation. I wonder if in this situation they can be paid in advance of delivery!
Has there been any price drop? We have had no evidence of this because there is no detailed breakdown of production and prices. Profit may actually be rising. If overheads are largely fixed and you sell 10 million units rather than 2 million, that's good. Sales figures look healthy and globally demand is rising.
End of April sales were €9.2 million and, as per today's RNS, End of May €45 million.
So May sales are €35.8 million.
Production capacity in May was somewhere between 5M and 7M (I assume more than the 4M figure in April and less than the objective of 8M), so this could give a price for each test between €5 and €7 IF they sold all the production in May.
Some indicated that the "same day shipping" could indicate they had some stock available (so didn't sell all).
In that case they may have sold 3.5M tests at €10... we'll never know !
We haven't been given a number of units sold only a value so can only assume you plucking numbers out of thin air for your calculations??
Yes as with anything success in America is transformational!!!
Too many traders bought in to sell on RNS landing!
Meaning what was a great RNS got the usual sell on opening!
SP will start coming back up as the traders and panicers have gone now and people with two eyes and a brain read the RNS and see the amazing update we have been given!
Also the news that we have been told is due to land.
News From America
Exsig launch
Mobile labs
Success in upscaling to 10,000,000 test per month