Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Worth mentioning that we are not starting from a standstill or claiming to have something that may or may not work.
We are already manufacturing kits for NCYT. We are carrying out testing, we have also our own test kit but the most important thing is we have a global reach with over 300 existing clients. We are not trying to get the word out from a standing still base. We are hitting the ground running.
Natdan,
The amount of selling into every rise has curtailed the move north. That's just the nature of the game when you have a large seller who's determined to exit.
The CE mark will let the reigns off for us on a huge scale in terms of sales and market share which regardless of how the market reacts to the news on the day the bottom line will reflect the enormity of us obtaining the CE mark as we progress trough the next 3 Qs and beyond.
Lr being cautious was standard under the circumstances in a fast moving market rather than being unsure or uncertain of the outcome. He will have been more focussed in getting the products and services accessible for the market rather than projections. The demand is there now and how much demand there will be our offering will be determined by what can be packaged with existing products that we offer and also the new offerings on their own.
Todays price isn't a problem it's more frustrating but it will filter through imo.
Nat, you wouldn't expect LR to say anything else would you at this stage. Just be leading with his chin if he did, not a good idea imv. Under promise, over deliver, always the best way around. Some of these other companies and their management are just sticking carp out there to get the mcap up to get a placing away, nothing else! It seems the markets have been fooled there then looking at the sp of some of them, ridiculous and the bubble will burst for most of them.
It is most disappointing, at least short-term, to see the market refuses to push this over the 20p psychological barrier.
Why is this?
Three recent broadly positive RNSs have hardly dented the market's sentiment towards this company: we are still a country mile away from the all time high in the low 30s reached around five years ago.
The market sometimes has a long memory and I wonder if it is being over cautious because of this company's past car-crash scenario.
LR has certainly transformed the company, of that there is no doubt.
Trading in the core business is described as being in line, which is a positive. The CE marker is now urgently needed in order to propel the next leg up in markets and earnings.
The great unknown at the moment is the Covid-effect. There is a sense perhaps that Ygen was late off the starting blocks, but is possibly coming up on the inside with a superior, more accurate and better quality product.
Time will tell. I note even LR sounded a note of caution in stating "demand and uptake is difficult to forecast."
So at the risk of upsetting some of the newbies here, I would suggest the market has decided to wait and see the money before they decide to follow it. "Blame it on the MMs " doesn't really wash.