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Good afternoon enteleon, Trust you are well, congrats again on your nice purchase, must admit I bought a few more in here as well last week after I sold out of ITX, no major reason other than ITX did me very well and just didn't want to risk everything I had regained if you like. I now believe that TRX, could well do the same, hence chucking a few more pennies in here and regardless of tomorrow's results I am happy to hold here for a while where hopefully we will all be rewarded. Good luck to you enteleon and all other holders in here. ATB Flowkey
ISATony: Yes, I too await forward looking guidance. For long-term-holds, the prospect of USA sales appeals. I've taken something of a plunge yesterday and today. Have just purchased two tranches of 5,000,000 shares at 0.572 pence. They may show up as sells, but the price looks advantageous and I think we may be at support c. 0.57 pence.
The Market Cap at c. £40M looks very modest in a defensive sector under the Covid cosh, for a Company with accredited products and expanding US-based facilities. Prepared to be very patient with TRX and, yes, possibilities exist for M and A.
Like others, i'm not too bothered about last year's results. I am also waiting for some forward looking guidance on recent sales and whether we are using the extra clean rooms presently and at what capacity they are running at, which i hope will be expanded upon at the investor's meeting.
I hope TRX announce an uptick in demand along the lines of what Moodys are reporting.
Agreed. Will be interesting. I’m Waiting to read the forward looking statements before topping up. I’m sure you’ll be able to get in at the same price as now on weds morn if things sound positive and you are quick. TRX will be slow to react. I like where the company’s at and am happy to hold these until 1.5 pence or so
This may be the reason scoobydoo321 5 June 2020 Fund raise £14.60 Million 31/12/2019 cash in bank £1.38 Million Total 15.98 million 31/12/2020 cash in bank £9.50 million Negative funds for 2020 £6.48 Million
My two cents - based on the SP chart - after the Feb 8th TU where losses are not mentioned but any savvy PI can guess that their losses have continued - the SP dropped momentarily from pre-TU spike but then fuelled with optimisim....PIs bought into this quite heavily.
So IMO, I've dipped my small toe in at these levels again. I like its long term growth potential....current SP appears to be decent support levels.
" BTW - how significant is the "white label" biz - "
well...one hopes they have one of those "land and expand" contracts...whereby they get a first product contract and then expand the product portfolio supplied to the client ....the hard work of getting the foot in the door is done.....so...it becomes cost efficient in terms of sales team need to then get further product supply contracts..
I think it is a significant opportunity....but time will tell
I am merely going to be watching for continued improvements (particularly in the H2 figures) in 1. Overall cost base and further costs control measures 2. Operating loss - continued reduction 3. Admin expenses being controlled 4. Margin % - maintained at around 48% level 5. Current cash level 6. Shareholder equity level - H1 was £36.4m 7. Forward guidance on the months ahead and CEO comment on current trading
Currently the SP looks good when viewed against that H1 equity level....
Should all be fine IMO - merely the COVID related issues - but - as long as the BOD are doing a good job and things continue to move towards the targets set - the revenues will recover any current temporary shortfalls
So overall, I get the gist (which could be completely wrong) that the TU in Feb 21 says it all, i.e. - Wait for Covid to past - and then biz back to "normal". Until that time, we are getting ready....new U.S ceo.....building our white label biz + manuf facilities + new products in pipeline +cost savings + wadded up - but .... strong performance - only "expected" in the near future. .... And it's a "buy in cheap whilst it's a bargain" kind of recovery stock.
Yep - 28 April. Do I think they will be good? Depends on what we think is good. We've all been waiting for the company to swing into the black, something which has obviously hit bumps in the road. I can only think that the biggest influence on balance sheet is the state of the pandemic in the USA and the level of operations being done that use our products. On that basis the last six months are unlikely to show huge improvement, but as long as we're still ok with funding to get through to profitability I'll see that as good enough. I think we (should) all still be in hold mode right now and maybe this time next we see serious change...same old story I know.
"They know! Nobody sells this close to good results!"
But they do of course. I seem to remember last July IPO selling their holding in Ceres a matter of hours before the SP went through the roof. It was hard to believe a major shareholder who had been in since the beginning wouldn't have known something was about to drop - but then when we pushed for an explanation at the AGM we got a simple "Sorry - we can't always get it right" response. My fairly obvious point then is, if someone is selling now - as it seems they are - they may not have it right.
Fundamentals are imo great here for a long term play.
Expansion already half built and extra capacity operational.
Huge pent up demand for TRX's products. 4.7 Million people in the U.K awaiting elective surgery. I don't know the numbers in the U.S but i would imagine demand for TRX's products to grow year on year, even in this climate.
I find it interesting that the "holdings in company" RNS sales are under 1%. Maybe the sales are to new Institutes/funds.