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Valuation on previous capacity
Capacity increased using cash generated from OO
Increase in capacity
Orders
Potential to have a substantial rerate
Yes - risk - but no risk 2-5% increase PA - you dont get this sort of potential without risk
BUT the risk decreases constantly - now we need to see orders coming - which looking across the world and with India approval - looks highly likely
For a company that is already cashed up, would a less dilution through an undersubscribed placing be a bad thing? Not in my book?
I invested due to the revenue generation from its core business and now covid related products.
Sentiment can change on a dime and any news related to CE approval or sales orders can send this the other way and fast.
A fully diluted ODX would have a £71m market cap at 40p, based on what the market currently knows before they attain the next important milestones, imo, this is around fair value but due a bounce from close to an oversold position
Sentiment will return and the book will get stronger once the II’s have rebalanced. It’s in their interest to keep some powder dry to provide liquidity when sentiment changes, as the forthcoming news is the big one.
MB, PHE validation or a confirmed order would have greater impact on business development and SP than the previous RNS’s. If it doesn’t come in tune with the meeting Friday, soon after hopefully.
Thanks MB and Woodstock
In this case i see us getting NO more news until at least 11am tomorrow - OO will be closed first.
Legin - may be right in we may se some sort of news Friday for the Meeting or certainly soon after.
Yes the news so far has been promising and laid some very good foundations - i expect the next news may well be with regards actual orders?
Legin - we have already had 2 amazing pieces of news since the placing announced. I don't think Omega have anything else to prove in relation to taking up the OO. For one reason or another the share price is not being allowed to react. I reckon i have an idea why. So i hope no more news until it sorts itself out.
It will have been 3 weeks since the placing RNS on Friday. If the whole placing was within the pre-emption rights of the directors and all the shares hit on the same day, i think things would be looking very different.
said I wouldn't but I think i have a top up get my average down
I hold a belief that there will be positive news come Fridays meeting. It is normal to have some kind of positive news in support of voting through the company equity being turned in to shares.
Things should get better from late Friday or early next week.
I can't see it dipping below 40. I don't think they can take the risk of buyers coming in at that level. As i've said i think the conditional nature of the placing is the reason this is so tightly held down. Once the resolutions are passed i'd expect an upwards correction of sorts, within a couple of weeks. Obviously news will help, and i cant see a lack of newsflow over the coming weeks. I do hope the next big news is after friday's meeting.
Chuggley - if you take a look at the fundraising RNS, there is a timetable on the bottom or check the section 10 actions to be taken. Deadline is 11am on 7th July.
My 2 brokers had different deadlines. One was 2 July, the other was 12pm 3rd July. Because our stock are held in nominee, they will need to make the application for the OO shares so they need time to do the admin. Some stock may be held outside crest so will need to be applied manually by application form. Deadline is the same for both.
Looks like a quiet day today. Probably close just above 40 at this rate, and will most likely stay this way until the next news.
Chugs. We have to keep an open mind. It's not a problem as once we gain traction, the current sp will be a distant memory imop.
Atb
Woodstock - i blimin hope not arghhhhh . Id like a decent place to start from lol
MB - must admit i didnt know the OO was open until tomorrow - as mine was last week i thought that was normal - thanks for the update
She could drop to 36p for a little while. Grrrr
Yep it stated in the paperwork I got from Interative Investor that they take your funds for additional shares and if not successful it will be returned back to you within 2 weeks. That's why I bought what I wanted through the market instead at 40.9 and 41.5.
I got this e mail yesterday, thought this means done deal??
Thanks for your email.
Kindly be informed that a total of @@@@ shares on the open offer on Omega Diagnostics Group PLC has been taken up as you wanted.
If you have any further queries, please do not hesitate to contact us.
The design freeze hype was with good reason. The share price is where it is because of the placing and the conditional nature of it. How can the value go down when the production capacity increases 4 fold, the showpiece product reaches design freeze, and the more valuable mologic tests go from one product to 4?
I'd expect as soon as the resolutions are passed things will turn for the good. We should get a supply agreement soon, and we know they are already in the process of tech transfer to move to manufacturing. Hopefully the supply agreement increases the number above 200k but not by too much so we cant make the most of the other opportunities with Mologic tests.
Loch. I would call you a virgina but virgina's are useful.
You are certainly right about the ridiculous design freeze hype .It was everywhere It makes you realise not to believe a word of any groundless and speculative hype in the future .It seems many boards have multiple speculative forecasters who , well , let's just say , they might fail at the initial interview stage of applying for Mystic Megs job .
MB. Exactly, got a lot of shares to shift. Unless the rules have changed, you only receive allocated amount against original holding.
The deadline for the OO isn't even until tomorrow. Your broker has an earlier instruction deadline. So nobody knows if they will get additional shares at the moment. Your broker may have taken your full funds though. There is a high chance it wont be fully subscribed being so close to the actual live price, but the level of interest is high. It depends what the big holders do IMO.
Chuggley is right, and i hope others have not sold out thinking they've got their unlimited allocation at 40p.
You wont know until 13th.
They may send out an RNS post placing and state oversubscribed blah blah. And if you sold out, expect to pay a premium when rebuying.
You havent got the shares yet. They have taken your request and the money. The AGM is held on Friday and shars are allocated Monday 13th and i guess at that point you get allocated all you basic offer and they will then calculate the additional
The speeding ticket did not rob you - maybe you should have sold but were just greedy and wanted more
Dont be melodramatic - news is coming the SP IMO will rise but maybe this will take months to its full potential and not be a quick buck . Hang on and wait - or sell and dont
The Business are a business their not set up just to make a share price rise
You havent got the shares yet. They have taken your request and the money. The AGM is held on Friday and shars are allocated Monday 13th and i guess at that point you get allocated all you basic offer and they will then calculate the additional
The speeding ticket did not rob you - maybe you should have sold but were just greedy and wanted more
Dont be melodramatic - news is coming the SP IMO will rise but maybe this will take months to its full potential and not be a quick buck . Hang on and wait - or sell and dont
I put in for my 1 in 20 entitlement and also a multiple of three times that and got the lot. If there was a massive demand you just would`ve got your entitlement. I`m not very impressed with the share price at the minute which I do believe is very much to do with company. The speeding ticket robbed me personally of £7k in one day and lots of the hype that was building around this share DF, DF when it comes it will go minimum 90p,everyone believed (me included)actually went down. (If you think about that the Sp was edging down all the time pre news although everyone new it was coming out )
The last few posters talked about gambling (albeit well researched) well we`re gambling on orders etc coming through here and and its a bigger gamble now as like the DF the market needs to reactto it appropriately. There`s some massive ifs still about ODX. But I believe there will be an opportunity here which is why I`m still invested here good news should get this moving after the placement shares arrive next week. (I`ve even got a suspicion that this has been well planned by the company in that DF, II placement, PI placement @40p , then news , share price moves up)
We must also remember here that the BOD have a longer term view and are in no rush whereas many of us would be out if it doubled trebled tomorrow, hence sometimes the lack of news.