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When's the AGM pumpky?
Confidant or confident;obviously didn't want to "pull"Happy Days up for the little mistake:Yep Friday "Nice Red(obviously not on ABDX Profit!) X Have a lovely weekend ;Hopefully meet at the AGM?
Plus - think of all the extra drinking time you could put in if you weren't forever writing (well, writing 'ish') monotonous negative posts - you could get hammered at least half an hour earlier each day!!
Got to agree with Zoom - best you cut your losses and Foxtrot Oscar first thing Monday (I reckon it's going bust next week). We would all miss you terribly but we'd try and pull through. Think of all the money you could make elsewhere - no brainer really eh!?
I actually agree with what you say to an extent Pumky and if you’re sitting on a loss you have a right to feel disgruntled. What I don’t really understand is why you talk your investment down multiple times a day. If I thought things were going to get worse here I would cut my losses and put the capital elsewhere.
I can assure you that I'm not your confidant;Lucky they got the placing away before the Avacta refusal(even though they knew) and failed to inform shareholders:I only hope good news comes out before half year results:as IMHO they will be dismal
Pumpkin,
Quite frankly I can’t be bothered to look it up as I have much better things to do with my Friday than keep educating you, but I’m quite confidant that you are also reading company accounts wrong.
Yes ABDX like all companies has had some good and some not so good years. Some of these were loss making but I stand by my comment that on the whole they have made more money than they have lost (profit making) and more years than not of the 14 they have been in existence they make profit.
Thanks,I'm learning all the time;obviously you cannot read accounts to this profit making company:Nothing to be enthusiastic about:I invested on the Government contract;without that ABDX will struggle and so will the SP:relying on Vatic to getcUS approval;won't hold my breath on that:Give me 20 pence and I'll cut my losses(and put it in Hemo)
Pumpky, everyone is an enthusiast investor compared to you!
Once again showing how little, you seem to know about the basics of companies and how shares in them actually works.
Your shares as well as mine and everyone else’s are 0.025 Ordinary Shares. Its just the par value of an ordinary share not the Market value!
Optimistic assumptions (Ramper) or just an over enthusiastic investor;Exercise of options @0.025 pence ?)someone got a bargain (Employee?)
HappyDays, you have optimistic assumptions and timeframes. Not sure if they will be borne out in reality. Let us see....GLA.
Its in one of the RNS statements that the Government made it clear they will not pay anything until after the court case. We could argue its over now but lets face it, its always going to be the ‘outcome’ of the court case that is meant by that. We don’t know when this will be but it should be before the end of June.
Whatever the ruling is ABDX can go knocking on the DHSC door the next day and say “sooo, when will we be getting our payment then?”. If the DHSC still play hardball then ABDX can as well and threaten/start a judicial review. As the government have used the tests, they have next to no chance of getting out of paying for them so I’m sure an embarrassment in the courts is something they will want to avoid. Basically, something should happen very soon after the ruling IMO.
I agree everything needs a timeline. I am conscious that I have been thinking and sometimes saying on here, next month, next month but I do think the next month could be big.
Case ruling (highly likely) with a likely win for the government.
Payment made by the government 50/50 by end of June but I would say 90/10 likely by end of July.
Vatic test fully launched with good chance EUA given in this time.
Launching of the enhanced B2C e-commerce website due to happen Q2 2022
And the statement in the last RNS “We continue to make commercial progress in other areas and look forward to updating the market in due course”…. Maybe another nice surprise announcement or two?
Each needs a timeline that suits them, mine is at least to the end of this year. We will see what happens with Covid but we know for sure it will be with us and cases will go up in autumn/winter time meaning more testing required as well (Vatic / new European client could need many millions of test made and maybe Avacta test back in the mix). ABDX would have launched their App reader, hopefully have their Lyme disease, hepatitis C, and flu tests all on the market. Work with Deepverge tests complete with any additional work they get between now and then in the pipeline or completed. Most importantly of all, I’m expecting much healthier set of financial results. This the key for me. I’m not expecting knockout financials for the first 6 months of this year but they will surly be (better be!) much better than the 6 months previous, but by year end we need to see solid (I’m hopeful for profit excluding DHSC payment) results. Once full faith in ABDX returns (might be soon might need to wait until later in the year) this will fly in a big way. At the moment things appear to be going in the right direction (yes I know sadly the SP isn't) so I’m happy to hang around.
Avacta’s a completely different investment. There are a few trust issues here but in my opinion the BOD are doing what they can to turn the corner. Last weeks deal is a good example.
Court ruling before expected before the summer and Vatic will happen when it happens. What more can they say?
The current pandemic has put LFT technology on the map and Abingdon have lots of plates spinning in a growing sector.
Personally, I think it will come good here but it is bloody depressing at the moment.
Avacta absolutely flying. When's it our turn?
Meanwhile, ABDX are still ramping up the manufacturing Team.
Looking for ‘A Number’ of Production Laboratory Technicians
https://uk.trabajo.org/job-1276-20220520-6cc1ee390aa549de11ea3bcfd208163f?utm_campaign=google_jobs_apply&utm_source=google_jobs_apply&utm_medium=organic
And ‘A Number’ of Production Operatives.
https://uk.trabajo.org/job-1276-20220518-07182098da255dd2843c46c728f56198?utm_campaign=google_jobs_apply&utm_source=google_jobs_apply&utm_medium=organic
Read the job descriptions, there is no doubting what they are there to do. Factory line making and packing up tests. They have been advising for the ‘a number’ of positions for pretty much all of this year.
I'm very sad:especially taking part in the 25 pence placing;wonder how Vatic are getting on?
And you stated it was a profit making company;Read the accounts administrative costs £3 million (wonder how much they are paying themselves?)
Don't be too hard on the him HD2U - he's a bit of a sad case seeing life through a permanent alcoholic haze - got to feel sorry for him.
Jeez Pumpky you have shown some big time naivety there. ALL companies no matter how big or small have shareholders. You can’t register a company with Companies House unless you specify how you are dividing it up (shares) and who owns what percentage. Every company must have a minimum of 2 shareholders. I have a LTD, I own 99 shares in it and my wife owns the other 1.
The difference between a LTD and a PLC is if you want shares in a LTD you need to be invited in, you could go to your local corner shop now and ask if they would be interested in selling you some shares in their business if you liked.
PLC (the P standing for Public) means anyone can buy shares and they are much more easily transferable.
So well done Sherlock, hold the front page, Abingdon had shareholders before it became a PLC…. WoW I can’t believe you invest in shares and don’t know these basics.
All the small good news items will add up to a critical mass.
Been reading accounts from UK Government website:this company "turns over" £1/£1.5 million a year:losses of £2/3million in 2016/2017,A shareholder agreed to fund the company for another 12 months,they have had a share scheme.since 2015;long before "coming to the market "
Unwoulds
All the good news hasn't effected the sp, tha vatic TT, the test contract, the tie up with vatic and then the recent contract, all the news gave a short time boost then back down, let's see what the government contract money does once paid, that will hopefully give the sp a good boost, upwards and upwards GLA
For how long though?10 trades;Government needs to pay up(May get get back to placing price) Then I'm selling everything Sipp included;as I do not think this company can make enough profit to sustain the SP ;BOD did a excellent job of listing on market ;with their Government contract (I think they will delist abd go private) Another share certificate that is useless:All in my opinion
we're three days running out of the red