We would love to hear your thoughts about our site and services, please take our survey 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.
We should prosper on our core business as told we will not Take our eye off the ball for covid opportunity. Given plenty of time but another few months cant hurt. I fully see your rationale as its as clear and sensible as all those before it.
Perhaps we just need a change of luck.
Lionheart what you say makes perfect sense and it even stands to reason. The dilemma is that it has many times in the past and always does. For instance BH bought many years ago at 18p. Director buys aren't a good guide to date as for a majority of years they are down and so are we.
It's acquisition of is this time different. Last time I asked myself that and was unduly bullish we had talk of govt contract and US contract with revenue of 25m and share price minimum of 30p. I really thought we'd see that. More fool me. We are well kate with US contract and our share price has dropped off another cliff. It always sounds great but so far never meets expectation. I await the first time it does and been waiting years so far!
Twix, there is a crumb of comfort re your feelings on the BoD. In August and September last year, they bought over 1.4m shares (via a Placing at 17p a share and market buys of 17-18p) at an average of around 17.5p so they are about 4.5p per share (or c.25%) down at the moment as well. In August and September last year, we had no discernible or tangible Covid strategy and therefore they were surely basing their investment on our core fundamental products. Since then, they tendered for the Govt contracts in December and, as has been well documented, won all 4 which we know will produce a massive uplift in revenue and profit. The market has not catapulted them into the stratosphere as has been the case for other Covid stocks when news has been announced but in my opinion, the only reason for that must be a constant sizeable seller. Whoever they are and whatever their reasons, it simply cannot last and I think a huge number of shares remain in superglue hands like yours and mine. It is only a matter of when and not if this sp rerates on a massive scale and none of us should get shaken out by one persistent seller. Once he's gone, there will only be upward pressure again especially when we get news on revenue from the Govt contracts in 2 or 3 months time - we must give YGEN that time to gain traction and sell those tests. If we do, i believe it will be incredibly rewarding in a relatively short time. GLA
I JUST want better. I posted an example of what just the Boots covid tests could add to the share price. I'm 100% behind delivering but far too often I see a shocking share price whilst increasing shareholder value is the duty of our bod.
Years of failure to do that against the constant promise doesn't get a free pass from me!
The proof is in our consistent derisory share price no matter what anyone says.
How is it in the bag?
Yes we hadcan an update. No covid figures ever!
Approved for govt contracts and awaited. Not exactly in the bag although surely we must win something. Time and again prospects, expectations don't get delivered and that's the record I object to more and more as instances mount. Further, an update is not delivering commercial progress or contracts. Things look good but delivery is falling behind even their own briefed expectations once again.
whoever the seller/s is are not too bothered at what price they offload at either it seems. Surely gotta run out sometime soon? I know HSBC were mentioned not long back, could it still be them?
We had an update 2 weeks ago! A very good upbeat vid and they are selling plenty of pcr tests. Govt contracts on the way too. It's in the bag. You heard it here first!
No, not me selling . BMD was late to a very late party....if typical horrendous delays can in any way be deemed a party!!
I wonder what the latest update on delivery is and if that would be any more accurate than the many that went before. I'm just as disappointed that general commercial newsflow is underwhelming and sub-surface.
Maybe the B in BMD stands for bulls hitter? 25m nipt deal '' in the bag'' my a rse!
If anyone want to know how tough buying 'at the bottom' is, they need only look at ygen. Not you selling is it Twix? To be fair, most things are down today. The problem is Ygen doesn't follow suit when it's the other way!
Terrible really!
In danger of sinking into the 12p's and no sign still of the US signalled contract or any other commetcial news.
Like many here I've had to become accustomed to wrsk delivery and missed expectations which do make me a default glass half empty at times.
There's a reason!
another 100k sell when will it end
I get your point, I just don't see that High commission. Mhc make a point of saying they will act as '' agent''. Anyway, it all helps and Ygen have many other partners where they get a bigger cut no doubt.
Indeed ... 13.5-14p is totally crazy. It should be double that and it would still have far better fundamentals than the "dash to trash" AIM companies!
Our time will come!
Morning all - the 50% was only my speculation and not fact just to be crystal clear. That said though, a dominant brand/chain like Boots wouldn’t stock any product for a normal agent commission as they don’t class themselves as an ‘agent’ Davand but as a retailer with a dominant High St and online position. Also MHC are relatively small fry who desperately needed Boots rather than the other way round at the time so Boots would have negotiated a very favourable buy price. That’s all I’m saying really and, in any event, twix put out interesting revenue figures based on only £8 a test profit a few threads back so I do strongly agree we are massively undervalued and have been adding more at these levels. I am as baffled as everyone else as to why we are languishing at 13.5p - it’s crazy!
Don't know many '' agents'' on 50% whoever they are.
That's hell of a commission 50%?
I don’t! It was suggested by lionheart a few messages back. I suspect they will have been under pressure to take a lower percentage and was arguing that case!
The increased footfall selling holiday supplies would give them a good boost in sales even if they sold the PCR test at cost! Similar to the motorway service petrol stations make more profit overall on the stuff you pick up in the shop than try do on the fuel!
How do you know they take half?
Although this isn’t a “normal” product sale as such with the government pressure to reduce PCR test costs... The negative PR consequence of Boots taking half the cost for handing a box over the counter, compared to the production of the kit and lab processing may have made everyone in the supply chain a little more realistic ...
I guess we’ll find out soon enough!
Apart from awaited news I really think our share price is looking ridiculous.
Boots. Let's estimate 5 a day sold on average in 500 stores and over 100 a day online over adjusted annual 350 days at let's conservatively say £8 profit to us using a pe of 10
5x500+100x350x8x10 = Mkt Cap of 72,800,000 /723,063,283 shares in issue = 10.07p
Excluding assumptions used as abroad indicator, that's 10p on only Boots!!!
What's that - 3p or 4p for all other covid testing revenue plus everything else!
We are so ndervalued but like the US contract delays we don't have Yourgene and our PR Company doing enough promotion!! It's always like getting blood out of a stone. Ssshh
Boots are taking a commission on each sale. Let's hope they only take a modest % for the online ones anyway. Pity LR didn't try to go direct to the airlines/travel companies like Chronomics did. Anyway, if they get some of that govt work, which I fully expect they will, then they will be plenty busy.
Maybe Bakky but the buying power and margin expectations of the UK’s no 1 Chemist means that MHC/YGEN perhaps share up to half the RRP but definitely no more and quite possibly significantly less. Boots know full well who they are and any provider would fall over themselves to service their stores so the buy price may be very low. Hope not but...
I think it is on a rolling 24 hr . As for Ygen's cut, who knows but if it's equal splits then about £18 each, not inc vat, sale price is £65 at Boots.It will be a bit more direct to MHC as they sell for £80 +. Bigger take with all the other customers too I expect.