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There’s no leak. It’s just the end of the 6 month churn. Many have it on their watch list waiting for the churn to finish. They know it’s woefully undervalued and have started building positions. Traders are always here (see close) but , the EV is still only £4m , there’s a realisation it may be more advantageous to buy and hold. We have the breakthrough technology upside without any regulatory nightmares, 60m shares, 4 years of cash and my old favourite NO WARRANTS 👍
It is implausible that anyone one of a number of people with insider knowledge at either the customer (valves and contract manufacturing) / RUA or a potential partner (grafts) is NOT tipping the wink to extended family / friends. The big buys doesn't mean news is coming or coming imminently, but it it certainly creates a strong suspicion that some major positive breakthrough has occurred. Remember with RUA, a few big buys is all it takes, and a whole load of small investors start jumping onboard to top up, so it could also just be a false start. What it does indicate is there are a lot of buyers for when/if news does drop.
The valve as been tested.... It could be a deal more likely
Clearly no news , yet big buys coming in and share price rising .. something is going on in the back ground for sure .. I think news is incoming now .. been a while as well .. fasten those seat belts as if the testing of the valve is successful , even a wiff then this will rerate ...
I cant see it happening for some time, but I'd love to see this at circa £1 / share ..... but its going to need a major announcement
Hiya CTSFO! ice to see you too :-) Was it you mentioned RUA around 2 weeks ago 'elsewhere'? If it wasn't you then there's another person at least on both BBs.
I've had RUA for a long time, since it was over £1. They say waiting for risk to reduce and then investing is a good policy and perhaps the riskiest times will be behind us, sooner rather than later, though I have lost track a little with one thing and another.
Good to see you D-G. 👌
Topped up this morning. Nice to see a study rise here.
Nice to see the volume picking up. With the tiny amount of stock the mm's will have no choice soon but to take it up regardless of news.
If this was on the american markets.....It would be flying. UK markets are such a drag and boring. Gone are the days of the companies that use to rip before the news.
Tiger - the whole FTSE and AIM especially is as unloved as it’s possible to be at the moment. Investors are few and far between and traders are only interested in the flavour of the moment. Such abnormal conditions produce superb potential returns. We are fortunate in that respect.
This is no doubt a great company with serious potential , i just dont get why the SP is still so low .... anyone ???
And I should add is now part of Abbott
St Jude is already a customer of Rua since elasteon is used on other products of theirs
Apart from Edwards Lifesciences $54B, there is also Medtronic $106B, St Jude $25B Boston Scientific $109B and tiddler Livanova at just $2.9B .... all in the Heart Valve / Cardiac Technology space
Be nice to think there could be more than one looking at Elast-EON...... Deep pocket bidding war....or is that just a dream?
Buys now going through at the full ask 13.5p. It would be nice to break 15p with no news!!!
Live prices 12.56 sell 13.11 buy - for normal trade volume
I agree it is a hidden gem. Couldn't agree more that the stocks to look for are those with no funding needs and either in profitability or moving towards profitable status.
With RUA there is the bonus of diversity and four separate businesses with two of the four 'strands' already profitable and a potential licensing deal or even a takeover with the 'partner' (I assume Edwards) as they reference the global Heart Valve company if the MTA Agreement progresses to some kind of commercial outcome.
Edwards has a m/cap of $54 billion so (if they are the partner) I assume they would buy RUA rather than negotiate a licensing deal. I don't know what they would pay but I assume between £50m upwards. That's the blue sky angle but the cash held and the steady move to profitability and prudent preservation of cash makes this an appealing hold.
No doubt it's tested the patience of long-term holders and maybe more patience is needed but it's far from pie in the sky to suggest that the end result could be a share price of around 80p to 100p or circa £50m to £60m m/cap.
Looking at trades (I don't pay much attention) there seems to be more large purchases than normal. Looking positive.
Looks likely
NT. at 13p at Lloyds.
Is it going to break 13p this time
Morning all. Jimzi - very helpful posts. IIs certainly want their pound of flesh to fund placings. Been burnt by Avacta, GST, and CPX. It’s not an easy market out there. This share is a hidden gem.
Nice buys
Jeez, just seen polx raise - at 1p. It’s great tech ( but has a hell of long sales lead time) but what a discount.
That’s why many of us impress on the bb the 4 year cash safety net. It’s bloody invaluable in this market- and still peeps sell at 11p. What a fooked up market all round . When you see the best risk reward share on AIM, just sit on your holdings 👈🏻