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Typo. 9 trades
Top draw!! Lol
At the risk of repeating myself. Of course something I never do. Whao!!! lol
I should just repost my post of yesterday for another underwhelming trading day. 8 trades of which 2% by volume are buys in the run up to Results, presentation and please at long long last some covid test numbers!!
Get this company up for sale before the next hiccup arrives, whether self inflicted or not. Save us from years more added to existing frustrations strung along by missed expectations blamed on the very hiccups given time to arrive and of which I speak.
Niptsteve, who knows test numbers might be doing very well? SBI were in the test arena from the start and had very good 'inside' contacts. Maybe they were fast tracked in the VIP lane?
Ygen might well be doing 2k + tests a day but would likely need a framework deal to get into 10k+ figures. Heaven knows what core is doing right now, but we will soon find out.
Absolutely Twix.
Ultimately I had much bigger hopes for the share price but the reality has never met the expectations - always waiting for the next set of results or news prior to results which never have any sustained positive impact on the price.
Take a look at the Source Bio trading update this morning and they have raked in the cash through their covid testing offering. They did a lot of Gov work initially but they are now experiencing big demand re travel testing with this from their update:
"The Group has already seen a marked uptick during July with daily testing volumes rising from under 4,000 tests per day in June to approximately 9,000 tests daily" and "Testing demand is expected to rise further and, accordingly, the Group has made preparations to expand its capacity to more than 20,000 tests per day.".
That does provide hope that our volumes are big and growing as we approach peak demand (you would think) over the next two months.
The share price doesn't suggest a blockbuster update is imminent though but I still live in hope of an unexpected sentiment changer.
That's fair Trurotrader, but in 2 or 3 years time do we really want to risk looking back saying what we've said the last 7 years of great promise is imminent ( as its been 7 and not 6 years to date) left saying...hopefully in year 10,11,12.
The original plan back in 2014 was for a trade sale/buyout in 2 or 3 years and at £1+ even reaching hopes of £2. Oh! those missed expectations. Doh! those frequent hiccups.
What's the odds it takes us so long to see our imminent (lmao) delivery that it allows a hiccup or two to proceed it yet again.
Sustained Market crash
China/Taiwan issues develop
Further dilution
And most likely of all - something we can't begin to foresee today but will know tomorrow.
Should we just ignore 7 years of repeated history?
Let's say we've seen enough BOD efforts to recover their reputations after litigation fiasco and the verdict is in the share price, lack of PR, details, numbers and lack of interest with absolutely pitiful share volume!!! That's a verdict that has been repeatedly delivered to date unfortunately, so let's move to find a buyer. With just 2 interested parties bidding we should secure 20p rock bottom and I would think 25p+. Yes I'd settle in a heart beat rather than rely on delivery before next hiccup. I do understand those seeking delivery of the promise we can all see and wanting to wait. I just don't think we will see it on any expected timeframe based on everything I've ever seen here for 7 long years as we sit at recent all time lows begging for some insight into covid test details without a single number ever reported. etc
I don't see a lot of recognition here for, in my book, a very smooth and continuous revenue trend. If you look at the figures on the fundamentals tab you will see a remarkable 2 year growth pattern.
Take Year '16 Year to year '18. Then year '17 to '19 and then '18 to '20. In every 2 year period the revenue has grown by over 2.5 times. The average is around 2.7 times. for a young start-up company this is truly impressive and if you extrapolate that it brings big numbers fairly quickly. However we are largely agreed that the company has a huge potential to generate greater revenue in the next 2/3 years and beyond. Add the reducing losses over those 6 years and I don't really have a problem with the day to day ups and downs. I'm just chilling.