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Https://www.voxmarkets.co.uk/articles/this-indicator-will-signify-a-bull-market-in-small-caps-fcfba95/
This was what I was referring to
I am a shareholder in MHC and ABDX and truly feel ABDX is well undervalued given its product. I just worry about a need for cash but maybe they won’t need any if revenue producing more profit!.
Any thoughts
HD2U - agree on the retailer own brand. Said it before, but only major retailers “own brand” and so orders in that respect could well be significant. CDMO and CRO was all about building customer base and solidifying our finances through a fee for service model. The plan has always been to take those customers through to manufacturing where real money can be made, especially with products like Upfront/52North which seem destined through IDAP for widespread and early adoption in the NHS and potentially global national health systems. The US currently represent 50% of our clients and that geography represents our biggest growth area.
And just to add that Salistick is absolutely everywhere at the moment in Israeli media outlets including various TV channels following its launch there. 100,000 units have now been sold, but it’s only for sale in the U.K., Nordic regions, RSA, and now Israel - the ROW is yet to come, and we make and kit for the test.
This is by far the best rns for some considerable time (imo).
No cash raise needed, confirmed by a "robust" start to 2nd half (2 months is a chunk of the second half.)
The removal of a cash raise is the key takeaway for me.
It is only when there is a majority belief in the market that a loss making company no longer will be diluting share holders investment does it make sense to either increase their holding or attract new buyers believing a bottom has now formed. (imo dyor etc)
I did hear it mentioned on a podcast about cash burn was the issue. Can someone update me about that. Could a fund raise be needed or do they have enough cash in other’s opinions.
It has always been a problem here. Some good news, SP price responds (naturally) but then mostly silence for several months after so the SP slowly slides back down as impatient investors get bored. With 29 projects on the go and more than 1 with pre-orders and delivery expected before July, its set up nicely this time for the good news to keep rolling, and with that the SP to have a nice solid consistent general trajectory up!
In time maybe but 10p first 😉
Yes they did go after revenue growth and have a great product so hopefully this resumes back to a continuous uptrend .
Asking for a friend.
You might be right, can't buy a bean right now. Strong demand but not enough shares to satisfy the demand...
Great British company!
So we have this part to be more fully announced and look forward to within the next 3 months....
The Company's product revenue growth will be supported in H2 2024 with the launch of a number of retailer own label self-test products with purchase orders in place and being delivered in H2 2024.
You can fault the comms, but not the results. ABDX are achieving their plans, in the timescales indicated. And as far as funding goes, seems to me we have weathered the sticky patch without any raise and if they’re not expecting to raise in 2024 as revenue increases then there should be no real concern about raises thereafter unless that is to fund a growth prospect.
Manufacturing increasing and with 29 different CDMO projects now in play there is plenty of scope to significantly increase that, and therefore our annuity income, in future.
29 projects! Just wow!
Congrats to Abdx and much needed update. Everything heading in the right direction
What's not to like? Good news on several fronts, prospects even better.
Reminds me a bit of the analogy of 'turning around an oil tanker'.
All excellent news.
If they keep the current trajectory going, it's a matter of time before ABDX will be a large profit making company and the bigger fish will come looking to buy as all out... I'm hanging around for that moment as it would be in the £'s not penny's per share.
Most pleasing to see ABDX is sound and on track! I too was dreading these results. Most know no news is rarely good news but this has proved an exception.
In the absence of news it is inevitable that investors start to think the worst - the result being a falling SP as we have seen. Let's hope Yates gets the message and we don't have to wait an aeon or two for the next news!
Congratulations to ABDX - onwards and upwards. GLA.
Very good interims, was expecting a placing today. Trajectory all in the right direction increased revenue and declining cash burn. Well done ABDX.
Exactly. It's excellent to see that FY 2024 revenues are expected to be materially higher than FY 2023 revenues of £4.0m.
Plus that revenue of £2.4m for H1 2024 more than doubled from £1.1m i.e. 117% up. That's impressive. It's all coming together here, albeit slowly...
Good luck, Brighty
I opened interims rns with trepidation and closed with pleasure. It genuinely sounds as though they are on track to deliver strategy. As Muck states lots of positives in there and though my own break even is far off in the distance let’s hope Abingdon can deliver their cash flow positive and break even in 2024 as stated.
All very positive, but these are the things that stood out for me;
He hasn’t given us current cash so we can’t extrapolate current burn
He has said H2 revenue will be materially higher than the £2.4m H1 24
Crucially, however, he says “ 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.” At the investor conference Yates said positive cash flow would be reached at £8-9m of revenue. That would therefore indicate that H2 revenue will be £5.6m - £6.6m, which is truly fantastic!
And of course “no additional funding”
Great interims as far as I’m concerned and can’t wait for more details on the own brand retailer work.
Current Trading & Outlook
· Trading in the first two months of H2 2024 has been robust.
· The Board therefore expects that H2 2024 revenue will be significantly improved compared with H1 2024. As a result, FY 2024 revenues are expected to be materially higher than FY 2023 revenues of £4.0m.
· 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.
I too have felt the frustration of investing in smaller companies over the last 2 years during unprecedented and unfortunate events which have affected global economies but what is the point of publicly declaring your frustration in an investment opportunity if you genuinely want it to eventually succeed for its own sake and yours. Get a grip!
Ofc I do and trust me when I say I’m well and truly in water like many others on here who have been here for 2/3 years since we started the transformation to CDMO. Matter of fact is where we are is very frustrating with lack of comms left to wonder what could come out tomorrow
..and besides, I want to see a damn good company succeed? Don't you Trader 90?