The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Wabu it is money up front for individual orders. Do you mean corporate bodies? I don't understand your point. Do you think customers will default on payment?
I hope they sold all their masks as suppliers to the people who got the orders, when all the money was flying about!
so maybe this has come to attention. Fairly bombed out and not really recovered on the back of the vaccine hopes. 19.5p to buy and 17.5p to sell.
Something must be cooking. A tip sheet making some noise? Maybe news on the way? I thought I was alone here but hey ho.
and 15.5p being paid by the MM's. Pity that any buy is quickly offset by sales but I think value is being missed here.
The constant selling has seen the bid drop to 14p and a 6% fall today. I was hoping for a trading update this week but having contacted the company adviser it seems not to be happening. The mask side must be booming and surely EU certification is very near. Holding on for gains.
Autins has shortlisted for a regional award in a national manufacturing competition. The company has been shortlisted in the Manufacturing Matters category as part of the annual Make UK Manufacturing Awards which took place last Thursday.
Only regional at this stage but if successful would have gone on to a National award ceremony with more profile.
The medical device certification will be huge if successful imo.
with an update at the end of the month due. Mask sales must be doing very well in the current environment and it would only need a modest recovery elsewhere to mean that AUTG is well in recovery mode. Which in turn should sent the SP back to 20 to 22p.
which is a statement of confidence by someone. Paid 16.75p which is more than I have paid but my average is 18p here. Hopefully certification is coming soon.
but still not affected the price. I don't know why the market has not picked up on the mask and filter supply angle here versus Covid but I am happy to keep buying until certification comes through. There are so many masks which provide no protection anyway so AUTG is worth supporting, Also the flooring business should be doing well even if the Auto side is a total car crash.
a correction to the notional SP in the absence of news. Gonna pick up some more today myself. I am either a fool or a sage on AUTG. Time will tell.
Morning Wabu. The sales were about 50000 a week up to the end of August. The CEO said they can ramp up to producing a million masks a week iirc but this would need extra investment and facilities. They have mothballed a few factories so the facilities are there for sure. They were selling the masks on Amazon but have sold out quite some time ago and not being restocked. I am sure with compulsory wearing of masks and the length and severity of Covid that demand must be huge. Certification would be huge news and can;t be too far away.
Yes the car industry is picking up and some contracts or news there too would be welcome indeed!
I am a holder but every night the SP shows as a rise of 10% then drops again. Could do with some idea of what sales of the masks. But sales in the car industry are picking up abroad i heard.
Another buy and at full ask of 18p. Certification of masks would help as well as an indication of how the company is progressing. I saw an article printed on the 6th Sept expressing concern about debt at AUTG. But given the recent loan funding and the revenue from mask sales I see this as wide of the mark. Looks like the true value is masked here.
And a decent trade. If you are the buyer could you identify yourself as I am getting real lonely! I do think buyers will be rewarded here but the wheels sure are turning slowly.
when the indications are AUTG has turned a corner. The CEO said if the UK followed Germany that the AUTO market would be at 80% by September IIRC and of course the face masks and visors are at least washing itys own face whikle being funded via a loan. Oh well either sellers will be vindicated or buyers like me if there are any lol will be. I wish they would get a move on with EU certification though.
is now almost 50000 per month
hxxps://www.thebusinessdesk.com/westmidlands/news/2043647-acoustic-and-thermal-insulation-specialist-delivers-millions-of-ppe-items
as well as millions of parts for visors.
"Autins’ face masks are currently undergoing testing for Europe-wide certification as a ‘medical device and a respirator’."
Wonder what the market reaction would be to successful testing and approval?
which is no surprise given their situation. But who is picking up the shares which now total over 20% of holdings in the company?
has knocked the price by accepting a below bid offer for his holdings. Good news for me as I can buy more. I expect these will be on offer for 16.5p.
So CAM have reduced down to 20000 shares or .05%. Who has taken the holdings as there is no corresponding TR01. Strange.
to be getting all its ducks in a row. The certification of the face masks should be complete within 3 months. Very interesting to note that when fully automated they can do a million masks a week with no supply issues as the material used is sourced here. The CEO is really banging the drum but it seems like I am the only one hearing it. Picked up some more today and happy to accumulate. This was 220p on the first day of listing.
after 3 trades today though one might be an error. Now 16p/17p which suits me as I aim to pick up more.
The two large trades have shown up. So Cavendish pay 16p got there buys in bulk. No effect on the SP but as Cavendish have been building a stake from 11.4% holding to 19.48 yesterday having these shares not in play should surely help the SP.
Interesting to see CAM up their holdings. Not much fear about debt apparently. Hopefully a rerate is coming when investors catch to the story here.