Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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I fully understand the revenue is rapidly growing and well done on that point but I struggle to see how the cash burn can be controlled to the extent that further funding not needed whilst employing a strategy of revenue growth.
I do however think they have great products and as a shareholder hope it continues to grow from hear
And also good to hear him confirm that the aim is to achieve "like for like growth" period to period, ie that H2 this year should see growth on the £2.9m of revenue in H2 last year.
Nice to hear that manufacturing activity is increasing, especially as that attracts greater margins. Also could to hear him say that the purchase order contracts we've signed with the retailer for own brand products are "material".
I agree, everything I read about this company says growth...
Patience is definitely the watchword here...
Back TO a pound!!!!
I do agree but tbh not really on anyone's radar at present. Would be great to see it back over a pound. Patience is the key here for now
People in for a quick buck, that's all don't worry this share is on the up..
Why are people selling these shares.What am I missing? Thought thus would be closer to 15p than 8!!!That was a cracking RNS What's not to like.
Just the words no funding required says everything for me and I haven’t heard that in a long time
Great company to buy in to
Thought the title needed changing. It's time that message sunk in. When the naysayers return, and they will, they should really find it tricky now to find any angle at all to bring this company down. It is absolutely clear that it is going places!
Cheers Muck
They've received 1.3 million to develop things and the trian stroke lft is to be supplied to the NHS ambulance workers, so that sounds like maybe one of the future products/contracts for abdx
YES Gubbie - we are their CDMO partner.
Have abingdon got any contact or in the plans to manufacture lfts for upfront diagnostics at all? They are doing a lft for strokes to supply the NHS next year
Really pleased they have confirmed theres no need for future funding in 2024. That was one of my worries tbh. They need to keep the comms up as staying silent for months on end will only see the SP wither away. It happens all to often with this share…
Made 20% in my trading account in 2 days as only a few more days until new tax year,then can only make £3000 tax free ,not selling any shares in my isa account until shares move much higher fingers crossed.
This is the most interesting part of interim results
"The primary objective of the Board remains to move the Company to a breakeven and cash flow positive position which it forecasts will be achieved in 2024 without the need for additional funding."
The risk with small caps is always dilution. It's hard to come back from being diluted multiple times (some of us have been here long enough we were caught in the last raise). Removing this risk is paramount to the long term success of shareholders and if ABDX can deliver a net profit this year the SP will fly. Forget 44% in a day, more like 200%!
As always, great posts Muck.
There are ABDX fingers is many many pies now.
We can all imagine the SP reaction to news of FDA approvals and/or a large NHS contract to supply tests (maybe in the millions) of something manufactured by ABDX.
These are more than wild dreams, they are very likely to land in the near future... lots and lots to look forward to here.
Oh, and seeking Breakthrough Designation from the FDA.....!
Worth noting that this pitch was to "a unique audience of NHS leaders and investors".
Nice to see them win, (because any NHS involvement and/or subsequent investment can only be good for us) and for them to confirm that they are hoping to get UKCA this quarter.
Some more positives from Upfront today
https://www.linkedin.com/posts/gonzaloladreda_timeislife-lvone-ugcPost-7173735155528794115-OaWd?utm_source=share&utm_medium=member_desktop
You can watch their pitch here
https://www.youtube.com/watch?v=SXc3f5yUbts&list=PL9ArOtRubZFgIKycwdRfBerz4s04i5Zne&index=26
Muck: That post is spot-on - the potential for a meteoric rise is indeed there for all the reasons you allude to. We've seen it before in the (sadly) distant past - but nothing has fundamentally changed regarding the shareholder base since then.
Also have to remember we have a low free float, massive director/shareholder alignment, and that most existing investors will, I suspect, be under water at the moment and likely to hold rather than sell given the prospects. So any buying pressure is likely to have an accelerated impact on the SP (unless I've misunderstood!)
Essentially buying a comany the will be cash gererative this year 2024 without the need to raise money this is a steal buy
Good point Muck.
That CP action has been playing on my mind too. I had begun to think there may have been a 'negative' reason for it. But as you say, it now appears to represent an opportunity. Let's hope it is and they take it.