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160,000 shares is a pretty decent holding in my book :-)
After that RNS , I'm sure many of us here still hold more shares individually than Brian Phillips.
Very impressive senior management. The SP will look after itself when it needs to but I understand the frustration at the lack of more immediate positivity. A really well run company by individuals with experience and a track record which should also give confidence.
Yep, makes absolutely no sense. Anyone who sat in on yesterday's presentation would have seen the confidence, vision and excitement of the company's leaders. Trite to say but as they continue down their growth road taking share from competitors in a growth area of healthcare and as distributors and regulatory approvals come in, the SP of this company is only going in one direction. I may be wrong but that will happen quickly when it happens. Have not sold a share since buying my large stake
And the market cap has gone down from 70p despite the growth reported.
IMO the share price is what the company is valued at. IE , sp x shares in issues give you the market cap?
TRX's share price isn't low because the "MMs have no clue how to value AIM companies". It's low because of the wider circumstances: massive net outflows from UK stock market, no appetite for AIM or small caps, we're in a risk-off bear market where PIs are happy to take 5-10% in the short term rather than invest for the long term.
There won't be much change in the short-term with recession/stagflation/current Govt, but nothing to do with MMs, they just react to events.
I get that spindok, but a 10% rise when TR1 is reported? I guess this will be back at 49 within a week , so nothing gained by all the company success. In fact , we are down circa 20% from the last TR1 . That's my gripe , there is no reward until a takeover is announced because the MM's have no clue how to value AIM companies. When the takeover of any company is announced they soon enough put the price up accordingly because the suitor has done the valuation for them.
I mean plus 7% today? They drop it 7% on nothing.
Watching their live interview - what a class act they are
Wouldn't it be great if a top end sportsman/woman eulogised over Tissue Regenix after knee ligament reconstruction surgery. " It's the best knee I've ever had, over here son, on me 'ed, goals pay the rent".
Ah well, I will sit and wait.
It takes quite a while for the penny to drop. Many boom and busters have popped off. Real investors wait a day or two to study the scene.... Bit frustrating though that this is so s l o w ...
Stockmarket is a joke , especially AIM. I was under the impression the markets value companies on future prospects? This hasn't even made the 70p mark yet and it's in a much better shape than then. IMO the only time a company is valued is when there is a takeover , otherwise the mm's will give you nothing for success. Anyway , back in the drawer they go.
Under the radar.will a big pharma nip in and snap us up?
OIC: no linking to the competition. Google is your friend.
a 'research' note from finncap (https://*********************/ - free registration maybe required) contains this:
"we nudge up our forecasts to reflect the adjusted ebitda progress but suggest that the risk of changes remains to the upside. we reiterate our target price of 120p, at which level the stock would trade on 2023e ev/sales of 3.9x, dropping to 3.4x in fy 2024, which we believe reflects the above-market revenue growth (2-year cagr of 18%) and the move towards an operationally cash generative business in 2024, which is also supported by peer group (differentiated regenerative medical products) acquisitions on 4-8x ev/sales multiples. "
tp of 120p would be nice ;)
Been under the radar, and remains under the radar... one day that will change!
Interesting paragraph in the RNS.
During the first half of 2023 the OrthoPure XT product continued to gain adoption in our current EU markets. We continued to address the global interest in the OrthoPure XT, the only non-human biologic option for certain anterior cruciate ligament reconstruction procedures. In the period, we announced the signing of an UK distributor and distribution agreements for China and Australia which will require additional regulatory and clinical approvals. To support the adoption of this novel product we are preparing a manuscript on the five-year clinical results from the OrthoPure XT trial which will be submitted to a noted European orthopaedic journal for publication.
So these Chinese and Australia Distribution agreements haven’t kicked off yet, this should provide significant growth once all approved.
I’m surprised we TRX are not sat with a significantly higher MCap lots of positive news these last 12 months which should’ve been rewarded more.
Delighted to see continuing progress, growth and innovation. Looking forward to the investor meet later today...well worth attending in my experience.
Very pleased with these results. Congrats to all at TRX.
All great news this morning!!!
Back in the black and a new product line ... What's not to like? LH&K Mafuta
Good set of results, not sure how market will react..... very happy to hold and build when possible. GLA
Wow, this is far better than I'd hoped for - and I think you're all right when you say the SP will drop on the back of some fantastic news. That said, if it did result in it being worth multiples of 50p I'm happy to wait!
When you read what TRX's critics say about the product, the main criticism is always around lack of profitability, not the product itself. It would be interesting to see their response to today's news.
GLALTH
Gin