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Agreed. Im in at just over 4 quid, until trading update at least. will take it from there.
Time to top up....
It is going to be a very interesting set of results. They were clearly very busy early on but I wonder if this has been continued.
I know a few people working in hospitals who say it has been very quite as most routine work has been cancelled. I would expect that a hospitals typical mix of product usage may be quite different this year, so it will be interesting to see how this impacts on Tristel.
It is hard to imagine that it has been anything other than a good half as they cover a lot of territories which have been at different phases of the epidemic. Also many countries have had lower rates than us so I guess these will have returned to more regular hospital treatment where cleaning/sterility is going to be an even bigger issue than before.
If it slips much more I will be topping up again.
I share your hope that further information on the BYOT deal and its progress is included in the presentation. We don't actually know if all regulatory approvals have been secured in the UK/EU for the Tristel8 range. Add to that the need to persuade the NHS and others to recommend using the products. Even in these unprecedented times, it could take a while longer.
PS. We could really do with this Tristel8 range coming on stream as fast as possible. I hope the presentation and update will include that information.
Ok, 22nd July there will be a trading update and presentation. Now we know the date: I expect the price to be rising coming into that point. Topped up the other day.
I can't see the news when it comes being bad. Topped up.
As I write I see the virus total is now 467,000 deaths. Grief. Please God this stuff can help some little bit.
Thanks, that's interesting. TSTL was sound before Covid-19 and for that reason, worth accumulating in my view.
Good evening tiptree. IMO a tight spread in a share which normally has a wide spread is a precursor for a move in either direction. It may also mean that there is far more shares being traded than normal and the MM's are happy to make their margin on those trades. I don't like large spreads personally and have seen 40% spreads but as I am not usually looking for a quick trade the spread is irrelevant to me as long as I believe that I can seel for more than the bid price at some point. It must also be remembered that there is a notional spread and and actual spread so one can often buy within the spread. One can even buy and then see the trade registered as sale as it is nearer the bid price than the ask price.
I am surprised that 500p has given way but I assume many traders couldn;t resist taking profits. I am just happy to accumulate here as I believe it will see a large spike on its next update/news.
Fallingknife thanks. It's interesting today - can buy at 497, sell at 491.5, an apparent spread of just 1.1%. What to make of that?
and good to see 500p acting so far as a floor. I expect buying sentiment to return quickly as there is no justification for a 3.3% drop.
I thought Tristel was going to go viral when it reached 530p on the ask today but the SP caught a cold and dipped under 520p once again. I wouldn;t say the SP is being manipulated but the widening of the spread from 510p to 530p bid ask was certainly meant to slow momentum. The sell of 10k of shares at 512p probably stopped the gallop anyhow. Lots of buys at 517.5p which is well below 530p but I suppose the MM's can easily ask for 523p etc if buying momentum continues. The FDA approval is painstakingly slow but perhaps investors don;t realise there are other products in abeyance which have been approved by the EPA but have to wait while the focus is on FDA approval. In short there is lots to like but lots to go for here.
Tiptree the current spread is just over 3%. I wouldn't let it worry as it will only matter if you wish to sell quickly after buying. There are worse spreads on AIM and it is fairly easy to buy and sell despite the spread and of course usually within the spread. There was some upward momemtum since Friday which if continuing on Monday will be 500p resistance broken. Currently it is trading between 465p and 500p so it is where you see the entry point that is most important imo while risking missing out on further rises rather than focussing on the spread.
One big disincentive to adding to holding is crazy 5% spread that prevailed today. Why does this keep happening - maybe few shares in free float?
a rise tomorrow as Byotrol is up 5% today but Tstl only up under 1% even on the back of the MOS article. Buyers including myself paying full ask of 480p today and I expect the ask to be raised tomorrow. Of course FDA news can drop any time or an update saying that trading expectations are likely to be exceeded in the current environment. Anything under 500p is great value here and I shall continue to add.
MoS article observes:
"Companies such as Byotrol and Tristel, both listed on the junior AIM market, are among those likely to benefit from this emphasis on cleanliness. Both produce high-tech disinfectant and have seen demand soar in hospitals. As users begin to expect similar cleanliness in social spaces, the two companies will have a new customer pool."
Seems glaringly obvious really.
for no reason other than profit taking imo. All these previous drops have been massive buying opportunities in hindsight and I expect no difference this time. The company have no reason to be doing anhything other than thriving in this environment and I expect Italy, France and Germany to be particularly strong. I may well pick up some more to tajke advantage.
Good to see a company looking after it's employees on a regular basis.
Also, awaiting sales and performance RNS.
bode well for the SP. Anything below 500p is a bargain here as this will fly when FDA approval comes. Delighted to have got more today at under 500p myself and look forward to a good day tomorrow.
so I will be picking up spme more. I expect the market to be soggy tomorrow so maybe Tristel will fall again but I epxect this slight fall to be just temporary.
REAT, a specialised deep cleaning company, has doubled since mid-April, while we've level pegged. We are a specialised cleaning product company, particularly for the hospital sector. Primarily instruments, in which we may be best in class, but that will be recommending our surface cleaners. Yes, dark horse.
And thinking about it, there are at least 3 possible kick starters. Possible massive sales increase, both in UK and abroad (esp China, where we may really have gained a foothold), and a wider spread of countries. US approval, which may have been accelerated. The introduction of the new collaborative range of mid-levels with Byotrol's Actizone product. They'll be racing to get that out, wonder when that will be? I seem to remember they've worked with them before, it may be more a matter of testing than of development???
I get why you sold to buy Avacta. I'm in there too, the Affimer protein substitutes could be a game changer for treatment, not only of Covid-19 but possibly any infectious agent. But TSTL is my long term hold, first bought around 90p I think, and it's been very kind to me.
ATB everyone.
I wouldn't be surprised if we get a TU from TSTL much sooner than the end of July. We have not heard anything of significance (officially) from the company since the Byotrol announcement/brief comment on trading conditions back in March. A couple of local newspaper articles which the company retweeted indicate that it is experiencing high demand for its surface disinfectant products in particular (no surprise there), but it would be helpful to have a clearer idea of current trading conditions both in the UK and internationally.
Risky but understandable Brighter. I am buying more on Weds next week to add to my largest holding. An update is coming end of July which I expect to be sparkling. I am therefore quite pleased with the 2% fall on Friday which has taken this once again under 500p and I hope it stays below this level until Wednesday.
Didn’t want to do it but needed funds the other day so closed my position with a moderate gain and stuck it all in AVCT. There’s a lot of money flowing that way and I will use some of that profit I make to reinvest here as I strongly believe in this share. Good luck to all and, selfishly, I hope this treads water for a bit before I get back in!
I agree. Sideways for a bit before a climb to the low 600’s. No rush, just nice and steady. It’s setting up nicely in my view.