Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
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.
very true pacman was in gdr made a few quid and jumped, this is my main holding been here a very long time.
Our time is coming good luck to you
Could be worse Andy. Could of bought Ncyt when it was up at 5 quid. Covid Bubble burst there for time being.
RNS tomorrow would be nice, but not stressed as I know it's inbound.
not the best couple of days need to break this cycle hoping we get ce tomorrow, we can live in hope
You do have a way with words bakky.Two bit words anyway.
Today's trading not very exciting,just another day closer to a bigger profit.
Bring it on.
when they lost out to that two bit outfit to make the full kits is maybe when they decide to go it alone imo. I too doubt there was much in just doing the components. As of 14th May we were still working with NCYT.
Well that explains it. Maybe had the parting of the ways with Ncyt since then and decided to go it alone. Or the work from Ncyt was not worth our while.
We will find out soon enough I'm sure.
Strange that Ygen tweeted this story today though.
It says 'April 2020' if you go in through the 'Insights' tab from the home page, so not that recent.
That being said, Yourgene have just tweeted the link to this article so you would think there would be some merit to it. Fingers crossed.
I suppose it depends on how old the article is also. Can't find a date.
There is no mention of us going it alone with our own test, so it could be a less than recent article.
Yes, and a key mention in that article is that we manufactured the first batches of a key reagent and are scaling up for routine manufacture.
“We manufactured the first batch of those reagents and we’re scaling up for routine manufacture now,” explains Lyn Rees, chief executive of Yourgene Health.
To me that says we are still manufacturing this key reagent.
https://www.bgf.co.uk/insights/adapting-to-adversity-a-new-era-of-innovation-in-life-sciences/
Thanks Mala,
You need to register to get the article. I done so and here it is for those who cba.
Yourgene said this week that its testing laboratories have launched a COVID-19 testing service, aimed at defined populations such as UK general practitioner surgeries, private clinics, and corporate clients in the UK. The company is also developing its first infectious disease test - the Clarigene SARS-CoV-2 test, a molecular COVID-19 PCR assay with a rapid turnaround time and high sensitivity. It plans to release a research-use-only version of the test by the end of June and a CE-marked in vitro diagnostic kit in July. Initially, the test will be a manual assay but Yourgene is working on a fully automated version for high-throughput laboratories. It plans to sell the CE-IVD kit to other labs and to run the test in its own service laboratory.
Yourgene also said that its core molecular diagnostics business continues to perform in line with management expectations. It remains confident of receiving the CE mark for its Illumina-based Iona test in the near future and plans to announce its financial results for its fiscal year, which ended March 31, by the middle of July.
https://www.360dx.com/brief-week-qiagen-yourgene-beckman-coulter-life-sciences-and-more#.XtDL9hrTWf0
All gravy then p3t3r :) well played.
Yes it did ... Smiley Face ... Managed to top up with 500k @sub10p ... Happy days.
Jadam,
the market as a whole tanked during that period. Hence the quick move back up. Mid march was the bottom.
Notaflipper
Most of the people jumping in and out of these stocks represent a tiny fraction of investors. Ygen was 25p back in march. We've since had great newsflow since but the constant selling has walked us back down every time we move up.
Once the selling is done and possibly another insti buys a good % we will see a different take on things imo.
Our time will come for sure imo.
Having not benefited from the massive rerate that has benefited the COVID-19 companies we now seem to be stuck whilst the recovery passes us by waiting it seems for a breakout which never comes. With many novice investors seemingly to have traded well buying anything with a COVID sticker and now recovery stocks.
Yeah,
I think that fact they updated us same day as they sold meant they were done. Strange one though cause they hold a lot of GDR and must have made a killing so why sell 600k here? What we need is good figures to put meat on the bones and instis hoovering up the slack from the seller. That will happen imo soon as we get the meat on the bones.
Jadam,
I think it is the selling. I've been watching us get walked down all day. every buy is more or less matched with a sell. Not like for like but for every set amount of buying there then is an equivalent amount of selling over a one or two trades.
I think some numbers on NCYT agreement and the full year results might put some daylight between us and 20p and help to get the seller out. I know the NCYT income won't reflect in the full year results but hopefully in the forward looking statement there is something to chew on with respect to that.
Yeah, that's it. We're on the launch pad. who cares what the price is right now. Once the market sees the numbers it's beyond doubt at that point.
I think people are jumping out in the mornings to chase the recovery stocks. Wouldnt be suprised to see some buying back in towards close. CE mark approval inbound and i can't imagine anyone currently invested wants to miss it.
The CE mark approval for us is similar to the boost covid stocks have got from mentioning the word test in an RNS release. It's a gateway to potentially millions in extra sales. Infrastructure already in place to make the most of this and all the complimentary product sales opportunities.
Our turn is very near.
Baking/ CooperD - agree with the overall sentiment. However, for whatever reason it seems Mr Market wants to see at least some money before pushing ahead.
This has not been lumped into the Covid euphoria stocks, and there must be an explanation, especially since we are already churning out product.
In the meantime, the CE mark would likely release the handbrake