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Good article in the FT about global shortage of LFT's
https://www.ft.com/content/f3eeeafc-62a5-4a50-997c-e478456bd56f?shareType=nongift
good post jh
the company have said no placing in short term. they can't keep repeating it. people want clarification on placings from companies and then some "never seem to believe it". sorry but that smacks of agenda to me.
i totally agree on the internal promotion - i think he should have been interim with a chance to prove himself whilst they got other candidates. however i guess they thought that continuity from someone who knew the company might give SP security. they might have got away with it but unfortunately boris came out with his tactic of diverting attention from partygate - opening up!
clueless should have gone long before. i suspect it was the post xmas decline that did him - the bod thought if he doesn't go we might all get the push
if i had a magic wand - wally broke goes next and a new sales team.
we just need an approval to drop and sentiment will be back
If a cash call was imminent they would have made colon do it and leave his successor with a clean pair of hands
The issue I have is the new ceo is internally promoted. So I don’t expect a revolution which is what this little Scottish company needs to become a gem.
Still ck had to go. Clueless and out of his depth for ages. Bod took too long to fire him imho
Still onwards and upwards now I feel
"Cash call incoming, to rub salt in the wounds!" ...... can't see it happening for a while yet. As and when they do it will be on the back of positive developments further down the line at hopefully a much higher SP
"Omega can confirm that it currently has cash balances in excess of £2.5m and an undrawn overdraft facility of £2.0m. Thus, there is no short term need to raise additional capital."
@Mr Bigdeal. Believe me,i am certainly hoping for a turnaround on this as well,been here since April'20 and watched alot of profit diasappear into the ether. You referenced a brief discussion earlier re pre-covid SP comparisons.The comparisons were not borne out of negativity or misguided as you state..at least not on my part.It was in response to Stas20 (an old friend to many here) calling 8p as a comparative SP to pre-,covid levels,to which i disagreed.The comparison was based on the SP and number of shares in issue,pre-covid and now...nothing else.Just to clarify.
Agree think or hope its bottom out now. My average still in 40s .I'm hoping we get some news or something from the new man as it needs it..Can't see how 40s we best to hope for as I found try predict this sp is waste of time. I've seen it in 30s then up to 120 now 12...Like many I'm holding and see what happens...
I think it's bottomed out. The charts are misguided when it went up it was showing the buy price, when it went down it was the sell price when in fact the mid price hardly changed at all through the whole day. So fingers crossed you'll get your new average soon. Personally speaking, 40s is the best we can expect now.
Well, after the week that saw Colin finally get the flick, I'm generally feeling more positive. I took another load at 13p to bring a nasty looking average of 67p down to 43p which feels more comfortable. It's not the best average but I'm hoping for steady increase and a half decent exit price.
It'll be interesting to see what happens next week and fingers crossed we get some decent deals done in Dubai. With the position that the business is in, I firmly believe all is not lost if money is being spent on Trade shows, that could be my niaevety however.
I think we have approached the bottom price for ODX now and I personally can't see it falling much further. I think the pre-covid SP comparisons that are floating around are misguided and are born out of general negativity and ill feeling towards the company but it's totally understandable that people feel this way given the money some have lost.
With all that said, let's hope things can turn around for all of us! GLA!