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Jackdaw
Certainly stopped the rot for the moment. Long may it continue. At least there now seems to be a plan to take things forward with a timeline and goals so let's hope for better times ahead especially as my average is £7.24!
From Kernowlad: "And it continues. I wish I had Jackdaw's optimism but I don't.
Unless they pull something out of the bag at the interims this will continue to drift downwards - or even faster possibly.
Where is the value?"
I think they did?
Bought back last week only 1200 shares let’s see my old friend Oxb can get good money again :)
Sp, broke below 282.5, at about 9.15am today, so conditional requirement to close above 282.5, not met, unless sp, rallies, before market closing time. The equity will only be considered a buy, if it actually closes above 282.5, either today or a subsequent trading day . Buying on the basis of a day trading high, is not recommended .
Apology , my preceding message word "living", meant to be "pivot".
Sector price created a bullish living breakout today . OXB, requires to close above 282.5 today , which represents the high price of the weekly japanese doji, candlestick. Also bullish Japanese 3 line break, above three previous reaction days . RSI (relative strength index), bullish positive divergence. Price target is 323.
Directors gave a vote of confidence in OXB, by buying shares in 20/9/23.
Drop off from the high slightly concerning. Hopefully only profit takers and not uncertainty about the way forward after the initial enthusiasm.
Who knows but it looks as if I am in for the long haul now
There is certainly a lot to mull over…new management is making sweeping changes.
Yes. The losses are horrendous but the jam tomorrow looks promising - break even by the end of 2024 and then profitability.
I am assuming they are confident in their predictions going forward otherwise they would not be buying the European venture.
Market seems to like it so onward and upward?
Well, this looks more hopeful!
We are now below the 5p we were when we consolidated. I will wait until Thursday in the (vain?) hope that all is not as ghastly as it seems but my historical judgements on these things has not been good!
I think the writings on the wall. If there was any news of note Oxb would have been obliged to announce it in an Rns so I can’t see anything coming on Thursday to change the sp direction!
...being shown by those who have wanted the price lower for months now. But why. To coin two cliches, methinks we shall see (ie in a few days).
Like my sad self,there are many eternal optimists on here
A few musings taken from another site courtesy of gigabit. Everyone seems to be hoping for a miracle in the coming days….
cash c£140m - no, the most recent published figure is £98.8m
loan c£40m - yes, but that is included in the £98.8 which reduces that figure to £58.8m of free cash
future put option c£40m - yes, but that reduces the free cash to £18.8m
oxb cash generative on operations - no, according to last published accounts which showed an operating loss
new contract with upfront cash - yes, but amount not specified and last published report stated that new contracts carried lower up fron payments than previously
oxb solutions burning money - yes,and the fact that the cash has been injected already makes no difference in accounting terms
****logy will finish trials - not known. they stated that they were halting all ongoing development work
early confidential aav contracts - yes, but value unknown and less than previously as above
leading aav yield - not known as most companies regard that as confidential commercial data and don't publish it
Hi Kern,
I have a horrible suspicion that the markets believe that there is going to be little of note in the interims. A big loan and cash burn are a concern that could see this drop like a stone. Another undisclosed sum from a contract is not going to cut it !
I’m not invested here so would hate to offer any advice on whether to bail ! A few days will tell a tale..
Are we in a slow death here?
I know bios are not the flavour of the month atm but we are getting back to 5p in old money.
Hopefully there is a bonanza interim report in the wings on the 20th and they are keeping their powder dry for that!
Thanks!
There must be something behind today's drop. Seems too large even for OXB on nothing at all. Nothing from the Board though. 20th can't come soon enough as then we should have some idea not only of where we were but hopefully where we might be. Sitting tight for the moment.
The rabbit not only needs to be pulled out of the hat but it’s going to need resuscitated. Sympathy to all holders.
Spoke too soon !
A couple of positive days for Oxb. Long may it continue.
“Undisclosed” has been a term Oxb has used all too frequently. Kern, I agree this must be peanuts yet again…
More undisclosed payments. I can't help but feel that if they were substantial they would spell them out. I guess this will be too late for the interims though could be included in the look forward bit. Fell even further on the news. Will await the interims before deciding what to do. Biotech in general seems unloved at the moment - or at least the ones I am invested in are. Angle is another case of "should've" - 150 to 11 took a bit of doing!
And it continues. I wish I had Jackdaw's optimism but I don't.
Unless they pull something out of the bag at the interims this will continue to drift downwards - or even faster possibly.
Where is the value?