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An article from 15/3 describing their journey for anyone interested. Note that the “contract research organisation” referenced in the article is ABDX.
https://www.360dx.com/point-care-testing/uk-diagnostics-firm-52north-plans-2025-european-us-launches-neutropenic-sepsis
And another, again for those interested
https://nhscep.com/2024/03/12/new-finger-prick-test-detects-sepsis-in-cancer-patients-at-home/
Hopefully it looks like abingdon will be actually getting some lucrative contracts from the government in a round about way ...looking good for ongoing deals meaning cash positive. Plenty of tests that will be here forever.
...I'm sure they will!. That is fantastic research Muck165. Thank you for all you are doing to show investors the true value of Abingdon Health. I am blown away by its potential, no the path it is already striding along actually, to not only expand into a healthy , highly lucrative company of substance, but one that truly enhances global health. Being connected to 52 North and the amazing neutrocheck test, that IDAP have chosen to support, will be used by the NHS to really help cancer sufferers to avoid sepsis which is the largest threat to their treatment. I'd recommend anyone read from that link you have just sent. This investment just gets better and better.
As I’ve said before, I’m just excited by the potential here! It sells itself.
So why doesn’t the market agree? Am I missing something?
Personally I just think that in the minds of the herd we’re just that boring covid company which rarely has anything to say, where the price might sometimes spike on news only to settle back in the doldrums. The message just isn’t getting out there that in fact we have turned the tanker, placing risk for 2024 has all but vanished, that we offer a market leading, knowledge leading, full function service, and have now dug the groundwork to yield a large mix of sticky clients on the cusp of commercialisation targeting a very diverse mix of applications in a growing market, to include global healthcare services, for which we can manufacture at scale and at increasing margins. And this is all against the backdrop of an overburdened NHS that badly needs to control cost and effectively triage patients, and a society where home LFT testing has become understood. And then we have massive alignment with Directors and a low free float.
The main risks as far as I see them remain with the perceived accuracy of LFT’s, which we know on here is increasing rapidly as molecular tests come on line (Note our Nina Garrett is speaking on that subject at a conference this week), and possibly the potential for Directors to take us private again (although that seems highly unlikely to me).
But I’d really love to hear any concerns others might have in case I’m suffering from confirmation bias!
Isn't Abingdon's 'problem' right now for want of a better word simply funding risk? Sure the primary objective is to reach a cash flow positive position in 2024 without additional funding but it's certainly not guaranteed and even if it was surely further capital is needed to grow the business as the cash being generated will be very modest?
Investors have been stung time and time again in recent times where any 30%+ rise has been used to get a placing away at a discount, the rns'ing of a proactive interview feels like an attempt by the CEO to boost the share price a bit so I imagine the interims have caught many people's attention (including myself) as the improvement in operations is undeniable but many will be unwilling to risk being caught on the wrong side of a placing in what is a tough, tough environment for small caps right now.
Thanks HarChris and yes that will, I expect be the basic concern. And I’d be foolish to say it won’t happen.
I can only say the Yates has repeatedly expressed his distaste for dilutive raises, and has confirmed again in the interims that “ 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.”
Yates has been like many other AIM CEO’s by laying out a plan, sticking to it, and succeeding with it, and I’m struggling to recall any time when he’s made forecasts that haven’t come to pass.
I think 2024 is going to be a pivotal year for ABDX as it’s broad and diverse mix CRO/CDMO customers move into manufacturing. Manufacturing (automated in our case with currently unused capacity to make millions each month) generates revenue at far higher margins and so with that, cash will rise.
I personally cannot see a better time to get in.
“been UNLIKE many other AIM CEO’s”
Sorry
Give it a chance Muck, it was barely known in 2020 when it had its first opportunity to fly as a company and many of us on here know what happened the first time not helped by our dear government at the time.If you believe in Karma, things will work out this time. Abingdon seem determined and probably have many helpful connections besides the ones we are aware of.
I don't know how any company can be described as all that interesting in the beginning. Once this gets adequate media coverage and it will, it will become super sexy particularly if it achieves its first forecasted share value this year of 56p!
LOL Lucksin - you’re right, patience is a virtue, frustrating though it might be!
Thanks for reply, certainly deserving of a deeper dive on my part - I hope it keeps rising for you in the meantime!
I’m shocked that ABDX and MHC don’t work together. MHC have many lateral flow tests and actually have around 8m in the bank largely due to Covid revenue whilst there LFT tests and blood tests bed in the wellness sector. They have there products in Boots and began life as a pregnancy test company and now ABDX have a great salistick product.
Not sure if they do anything together but wouldn’t be be a bad move if they did some sort of business that suits both parties.
Jamrock - I’ve wondered if the two might be a good fit too. And TBH me well still be working together (see the links)
https://www.abingdonhealth.com/news/acquisition-concepta-yorkshire-lateral-flow-manufacturing-site-outsource-concepta-manufacturing-requirements/
https://www.abingdonhealth.com/news/mhealth-partnership-agreement-signed-with-concepta-plc/
Muck165
The thing is MHC have cash and products and ABDX have great products and need cash to support revenue strategy. Could be a good collaboration and see the two working together