London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi MRK2020
I posted this last week, it kind of sums up where were at.
"Morning Ross
As you say the future for TRX is now looking very positive. The share price will move upwards as the company begins to share information on sales progress affecting turnover, updates on the new facility in San Antonio, the launch / progress of their new products and the start of the white label manufacture deal.
The USA is still massively affected by Coronavirus and that will mean a lot of surgery will have to be put on hold.
The potential in Europe must be better as the pandemic seems to have been contained somewhat.
We don't know what these effects will have on TRX over the next year but we do know that the production capacity will be double or treble with the new kit and trained personnel in place.
As to your question of where the sp could be this time in 2022, I would say definitely over 1p (£70m Mcap) and dependant on turnover / profit figures as high as 1.5p (£105m Mcap).
How the companys future is perceived by the market will have a big influence on sentiment and that will translate on to the shareprice.
There will be some quiet times where there is no news and at that time the SP will fall but generally over two years it should at least double and possibly treble, fingers crossed.
That's my two pence worth, for what's it worth..... : )
Chester.
Hi. I'd have a look at Chester's note below and his well informed post history also. October for statutory update. Prior to this anyone's guess.
I've done the same taken4, also lost by leaving too soon; sure people could profit by doing opposite to me. Useful point jimjam, the opposite works sometimes, removing the original.
I expect this to move up slowly from next week. Average 2-3% up weekly should see most holding long term.
Thanks for that very sensible advice jimjam.....but think I'll stick a bit longer, providing SP doesn't continue to slip. Just lost few bob on INTU, & whilst not alot, it still smarts!....
taken, I can identify with that scenario; how about take your profit out and leave your original investment to run. This is something that works for me. JJ
Thanks for your reply Chester....I must learn to be more patient...but difficult when SP dropping. A few times I've held shares for way too long...& my wallet's suffered for it!
Hi Taken4aride
I think you need to be patient for at least another 12 weeks just to see if there is any news to push up the SP.
We know the company needs to get the new cash working to increase production to meet sales demand just as soon as possible.
They don't need to report now until the October 2020 half year trading update, unless there is important news that requires an RNS.
I surpose the difficulty is holding tight if the sp starts to move to 0.3p or below. I know it could go lower with no news but I will see that as an opportunity to buy if I have the resources at that time.
12 months you should at least double your PB costs.
Chester.
Since buying in via PB, the share price has just been drip, drip, slowly downwards. I was optimistic here, but am beggining to wonder if my optimism was, well, too optimistic!....No news, updates or anything. Maybe being impatient, but I've had a few of these shares that just trickle ever more downwards. Management here doesn't seem all that impressive (reading from old posts)..., so can anyone lift my spirit, & tell me why I should stay invested here, & not sell up Monday am for my 35% profit.
I didn't think of it in those terms but the sp does look range bound, a little higher will encourage sells and a little lower its buys.
I do think that when we start to hear from the company it will begin to move the sp higher.
With regards to profits and break-even, the faster we grow turnover the move positive investors will be and my money is on that pivitol cash flow position being at the end of next year or the middle of 2022.
The big unknown is just how much growth will TRX be capable of with the extra plant and staff in San Antonio.
I'm hoping to be surprised.
Chester.
agreed...it may indeed be a quiet period until news
Perhaps folks rate it too low to slice, not low enough to load up hugely. So a bit of trades doldrums until moves? A theory, only.
In my opinion we have 12 maybe 14 months until the placing money runs out, there's pretty much no chance of trx becoming profitable in that time frame, so that leaves them in the same boat ie needing yet more money.
I wish I had chesters optimism but after what they've just done I'm not hanging around when that happens. The way I see it is we have 12 months in which to hope the share price recovers enough to either make abit if you got in at the placing price or hopefully recover some/all of our loses if your avg is much higher.
Yes its quiet on here but most of us that were here before were looking forward to the funding issue being sorted and the SP moving to 2p or 3p.
It will take a while for that bad taste to go away... ....yuk... still taste it... : )
I'm surprised that the SP is sticking around the 0.35 / 0.36 mark. At this price based on what the company now have in cash and the volume of committed orders I would have expected some large buyers mopping up the loose 0.25p sellers.
I've bought everything I wanted already but if I still had something the kitty I would definitely buy some more and I'm not ramping it's the truth.
It's hard to judge but with some good announcements from the company we should be around 0.5p by the end of September but it all depends on that news flow.
Chester.
the top 10 global healthcare RNS came out of nowhere, to ignite interest in the company.
the ii's would have been presented with the companies plans/works in progress before investing.
as we are essential at ground zero its all to play for.
but yes Chester a bit of patience, as the saying goes the stock market is the mechanism to transfer money from the impatient to the patient...or words to that effect.
It certainly seems quieter. What we need now is a stonking RNS to enthuse investors and highlight the fact that the company is positively breaking new ground on both customer sales and planning the new manufacturing plant.
Gareth Jones, Interim CEO said in the recent RNS :
"As an example of the exciting growth potential of the business and testament to the strong underlying demand for our portfolio of regenerative biologic products, following the year-end, we announced a strategic partnership with a top 10 global healthcare company for a new product launch. Additionally, the receipt of CE Mark approval for OrthoPure XT is a significant milestone in the evolution of our product portfolio and corporate objectives".
So updates on these items will help build the SP back towards 1.0p, but its only been a few weeks so patience needed.
Chester.
as have trades, have we cleared the day trade sellers from the 0.25p placement??