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Could the delay in results postings have anything to do with waiting for US market to open? I believe this is called straw clutching.
If they have aspirations for major future growth they would in theory attract bigger investors. And bigger investors will not tolerate this nonsense so they may as well buck up their ideas now.
But as I’ve previously stated there’s more to this and their focus has turned to sorting out the placing following the settlement.
So where are the bl00dy results? This is incompetence and confidence-sapping in the extreme. It all looked good after the settlement but it is all about trust and communication and delivery in markets. A big black mark for the CEO I’m afraid.
It would me! The sp opened at 11.8 and earlier this week @ circa 14p. Why they wouldn't have done placing then would be a surprise to me. Why they would not get some further news flow out and pump up sp before finals and apparent placing would also be a surprise to me
It would surprise me hugely to have a cash call - and if there was, given we don’t need cash to operate any longer (since we have passed break even), the only justification would be for something very positive (e.g. accelerate growth or new product launch).
Lots of talk of placing at 8p.
Wouldn't surprise me.
pretty poor performance, are they testing to see if anyone leaks info! as said no volume so would assume not. Hopefully results meet expectations gla
Agreed. The communication has been hopeless from settlement release. Very poor and today has been awful. Lost a lot of money in last week and half.
This is a gross email designed just to bring panic
There was a placing already earlier in the year where the BoD bought circa £1m shares in a £2.5m subscription at 4.5p. Why would they not repeat the same process and do an internal subscription? It would be strange not to have done this when the sp was at 16p and right after the settlement. But then even if there was if sales will be £40m+ in 2 years then it should be seen in perspective.
Flipper call it what it is,,,a shambles
There is a placing coming now. This is nothing to do with the results which will be good or even very good. Seen this pattern far too many times before on AIM. Yes, no doubt it will be positive in terms of being needed for global expansion etc etc but the key thing will be the price and the amount. If it’s a discounted price and big dilution down she goes.
Called up and spoke to investor relations. Results expected today I believe.
Not expecting any nasty surprises as before.
We just need to get a hold of ourselves
Lyn well done on your first year. Great start as a CEO....
What a piss take.
Suggestion on UKADVFN chat board that some formal presentation is taking place next month which could indicate further news flow. That and private messages to those close to the company could be the reason why although the SP has fallen, and everyone is frankly non-plussed, you have not seen that much large volume.
Bring on the results ffs and let's move on!
Emailed them too
That said I am expecting results today with no nasty surprises that is worrying some.
I’ve emailed the company and specifically asked when the results will be published on the basis that to comply with AIM regulations, I believe it has to be today, unless there is a caveat that I am unaware of that allows them to do it before the LSE opens on Monday with the last actual reporting day being ‘officially’ on Sunday 30th.
I’ll let you know what response I get.
Notaflipper ... fast growing companies need cash. We dont seem to be p###ing cash against the wall unlike main aim stocks. Cash call in a time of genuine expansion ... works for me.
I'm out for now until there is certainty on what is going on. Delay in results is NEVER good. Not saying the results themselves will be bad but something is amiss. Someone suggested a cash call - that could be it. Then if it is it will depend on the price how much the SP is walloped.
Prepared to get back in if/when the time is right.
jeeez! not even Terry Bond pulled this one!! lol.
I don't think anyone is going into headless chicken mode. Its just a reasonable expectation that results will be released in a timely fashion. So theres an issue here. AIM rules state the following:
Rule 19 - An AIM company must publish annual audited accounts which must be sent to its shareholders without delay and in any event not later than six months after the end of the financial year to which they relate
The company needs to buck its ideas up and get on this because it IS important.
Okay
So let's play this game....
What is the worst that can happen...cash call is it? This share has already had a few. It had them on the way up earlier in the year. If there was, which given the past share dilutions would be minor, it needs to be balanced in perspective of expanding into the US etc It would be surprising if the CEO's fist announcement to shareholders did not have some good news.
Cash call ... I.m thinking they.ll be a boatload of new business now the settlement has been sorted.Could there be a cashcall? Quite likely. Big drop yesterday, to me, indicates this ...or of course a leak.The former looks the better bet.
Exactly we already know b/e achieved
We already know of sales of circa £6m+
We already know ned products are in development and work has already begun on new Illumina product
We already know of 10% put aside for royalties
So the delay in results ia not great performance from new CEO however there's no complete bombshells expected
Agreed flip ... no need to get into headless chicken mode! I don’t care about the actual results because we know pretty much what is in them ... b/e run rate on Nipt, last raise was future investment for new products etc etc.. Visibility of last 6 months, y/e projected numbers and ongoing growth & product projections are what will drive this ..