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My opinion:
Someone is offloading shares at the moment, but there are regular A trades buying up shares at around 62.
I don't know why they would be offloading in advance of stellar results, but they may have bought in at a much lower price and taking profits.
On top of this we have the macro economic uncertainty (Ukrain + +) so people are moving to cash.
I cannot see any reason to worry personally, as EKF seem sound and have a good fwd strategy.
One of the few shares I hold now, I have opted for cash now until the macro economic volatility subsides,
seemed like a strong trading update - so why the drop? Puzzling?
Why the drop - update seemed OK
Good update.
In my opinion companies that have benefited from C-19 must show their intention to invest in their core brands and open up new channels.
EKF are showing intent to do this and I have every confidence that they will.
Agreed. Great to see EKF trading - once again - ahead of already upgraded expectations.
With around £20m net cash there's also plenty of headroom for further investment into growth areas and perhaps more acquisitions.
“EKF Diagnostics Holdings plc (AIM: EKF), the?AIM listed point-of-care, central lab devices and chemistry reagents business, confirms that continued strong trading will result in its performance for the financial year ended 31 December 2021, including adjusted EBITDA, being ahead of already upgraded market expectations.”
Very satisfactory. COVID testing is not going away anytime soon but clearly EKF are also strategically diversifying their service offerings to increase the number of revenue streams. All good imo.
https://issuu.com/teamworksdesign/docs/211116_lifestories_issue6_2021/34?ff
A little surprised no Trading Update out yet. Has to be imminent. Am expecting something in the blockbuster category.
Trading update last year on 12th Jan and so would think another incoming this month. Given acquisitions last year, will be very interesting to see.
Not too long to wait now before the next instalment………
“The Board is very confident that trading for the year ending 31 December 2021 will be comfortably ahead of already materially upgraded management expectations.”
Looks like a very solid appointment to me.
https://www.flexicare.com/
Https://www.labmedica.com/molecular-diagnostics/articles/294790533/ekf-diagnostics-showcases-stat-site-wb--ketone-and-glucose-handheld-analyzer-live--in-person-at-medica-2021.html
"EKF Diagnostics Showcases STAT-Site WB ß-ketone and Glucose Handheld Analyzer Live & in Person at MEDICA 2021
By LabMedica International staff writers
Posted on 15 Nov 2021
EKF Diagnostics (Cardiff, Wales, UK) showcased its recently launched STAT-Site WB ß-ketone and glucose handheld analyzer at this year’s MEDICA, the world's largest medical trade fair for medical technology, electromedical equipment, laboratory equipment, diagnostics and pharmaceuticals....
....MEDICA 2021 became the venue for the first public viewing of the new STAT-Site WB ß-ketone and glucose handheld analyzer in Europe since its global launch earlier this year. The STAT-Site WB analyzer from EKF is used for the quantitative determination of ß-ketones (Beta-Hydroxybutyrate or ß-HB) and glucose in whole blood taken from capillary or venous samples. The STAT-Site WB analyzer uses two different strips to provide results in just ten seconds for ß-ketones and five seconds for glucose allowing for clear and comprehensive management of diabetes patients displaying early symptoms of ketosis to be quickly treated and then monitored on a regular basis.
EKF also demonstrated its globally successful PrimeStore MTM (Molecular Transport Medium) molecular transport media that gives the user a “snapshot” in time for that sample by preserving and stabilizing DNA and RNA. PrimeStore MTM was designed and optimized for molecular testing allowing pathogenic samples to be collected, transported, and processed safely and efficiently. The molecular transport medium inactivates infectious biological pathogens including viruses, and gram-positive/negative bacteria whilst preserving and stabilizing labile DNA and RNA for downstream molecular applications.
In addition to PrimeStore MTM, EKF also demonstrated new product innovations relating to the future control of COVID-19, including the COVID-SeroKlir SARS-CoV-2 IgG antibody IVD kit. The Kantaro COVID-SeroKlir kit is a direct ELISA for the quantitative detection of human IgG antibodies to the SARS-CoV-2 virus in serum and plasma (K2-EDTA/Li-Heparin) samples. COVID-SeroKlir is a two-step enzyme-linked immunosorbent assay (ELISA) and can be used by any certified laboratory without the need for proprietary equipment."
https://www.ekfdiagnostics.com/ekf-wins-two-awards-at-the-2021-small-cap-awards.html
Nice plug on Citywire:
Https://citywire.co.uk/funds-insider/news/expert-view-sainsburys-greggs-aston-martin-ekf-and-electrocomponents/a1578341?ref=citywire-money-latest-news-list#i=5
"EKF Diagnostics tests positive for growth
Windfall profits at EKF Diagnostics (EKF) are being reinvested back into the business to build a broader proposition, says Sanford DeLand manager Keith Ashworth-Lord.
Citywire AA-rated Ashworth-Lord holds a position in the diagnostics group through his £127m CFP SDL Free Spirit fund, and said it had reported an ‘excellent set of interims’ that saw sales increase 47% and operating profit up 72%.
‘The core point-of-care diagnostics business is returning to pre-pandemic levels while Covid-19 testing demand remains strong,’ he said.
‘Encouragingly, these windfall profits are being reinvested into building a much broader contract manufacturing and molecular diagnostics business to serve non-Covid-19 related demand.’
Lord said the expansion was customer-led as ‘EKF’s large private sector partner increasingly moves into healthcare’. Meanwhile, in the US, the acquisition of testing laboratory ADL Health is ‘strategically important as it positions EKF as a single provider able to encompass all products and services from sample-to-result’."
Yes they are locked in for 12 months.
Good news - an earnings-enhancing $10m acquisition of a Texas-based lab. The ambitions of the acquiree are clear to see - the deferred consideration is capped at a whopping $60m based on huge and immediate growth, and the vendors are taking an all-share purchase consideration and are locked in for two years:
https://uk.advfn.com/stock-market/london/ekf-diagnostics-EKF/share-news/EKF-Diagnostics-Holdings-PLC-Acquisition-of-Advanc/86147872
Interesting news today. Be interesting to see what value this adds longer term. Company has only been around for a year.
EKF Julian Baines shortlisted for Entrepreneur of the Year and also RENX and VRCI have been shortlisted in the Best Technology Award category. I'm very happy being a long term holder here and enjoying their success. Well done.
https://www.aim-awards.co.uk/nominations-overview/
EKF has been shortlisted in a few categories in the AIM awards.
https://www.aim-awards.co.uk/nominations-overview/
Attended today's results presentation on Walbrook. Really impressed. Future looks great here. I assume they will issue a recording of the event for those who couldn't attend. I'll post a link when they do. Very much worth a watch.
Thanks Tricky, appreciated!
Mine are there but no price held as I seem to recall they are locked for 12 months anyway but could be wrong.
Does anyone know when we will receive our shares in Trellus. I’ve heard nothing directly and I thought they floated in May
Yes, they do a lot of share based rewards, some seem possibly maybe on the 'excessive' side, but all the other key figures are fantastic and a great investment I believe, with a potential PEG of 0.3 moving forward ....... it's also got a strong diverse product portfolio now that should give significant growth over the next few years.