Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Twix,
im sure your other usernames will vote you up and start defending you with comments. pmsl
just sell, otherwise you look stupid still holding stock whilst trash talking. shows you up for what you are.
sell up and bless another board with your wisdom. The fact you think you are so smart but have bought a dud according to yourself pmsl One other thing your major market crash you predicted I assume you will be out over the next few weeks anyway.
sell up old bean, you really are a contradiction.
Just over a month ago a significant amount of Directors put their hands in their pockets to buy. This probably says more about the positive outlook for the company than today's trading statement. On Covid the CEO has always been clear to point out that testing should not come at a price that impacts the core business, and in my view he is right. In the light of Fauci's comment on the Andrew Marr show yesterday, the government's own advisors recent statements, and news today about hospitals gearing up on the stockpiles of vaccine, a vaccine itself is clearly just around the corner. Whilst this won't put an immediate end to testing and testing may well continue well into 2021 in some form, it will at some point be scaled down. So in my view YGEN are deploying the go to market strategy.
Also, and I feel of great importance is a comment made by the Business Development Director on the webinar last week. In the Q&A someone asked whether YGEN is involved in the government's Moonshot programme. His response was was that YGEN is in discussions with local and national government and hope to be part of the programme in, I quote, ''the very near future''. So I assume this was not included in today's announcement. Thoughts?
"Most here are simply Charlatans with multiple usernames trying to talk it down for cheaper shares."
Lmao. From a jobsworth who attacks anyone expressing a view that's not supportive. Now summing up most posters as charlatans.
What a ******
yeah £1 mill a month income and growing it really sucks for a side line.
Get real, pmsl Ygen is moving forward and expanding.
if it's not good enough sell and move on. it's that simple. why you still holding?
Danvestment,
wasting your breath on the majority of this lot. If it's not got rainbows attached they aint interested. The potential is huge and it's being unlocked one stage at a time. No issues with this company at'all. doing things the right way without bowing down to the impatient.
Most here are simply Charlatans with multiple usernames trying to talk it down for cheaper shares.
1 mill a month and growing solely with covid business. Nipt business and dfyd business growing too. expansionist mode activated and now tentacles all over the world.
It's not pleasing but I am pleased to see more realism on this bb. It's a shocker to spring the fall in core product numbers against previous clear indications we were maintaining numbers. I expect I will prove correct on all counts in the end - tests only get up to speed as demand start to wain as vaccine arrives in the next few months and earliest this December. What a let down when compared to so much promise! Does this change the upbeat future? No. It just means we could have been more clear earlier on demand and figures in all areas and done a better job of managing expectations in some areas. more like turning a drama into a crisis than under promising and over delivering. This mismatch we all (except the odd couple) can see is a real PR own goal. Market reaction to this TU was immediate to me and brought back the woes of years past. LR has really pulled the wool imv on keeping stum on core product sales dip whilst also not giving visibility anywhere else.
I don't understand everyone's whinging. WE ALWAYS KNEW THEY WERE DOING 10,000 tests a month!!!! - And now people have the idiocy that they didn't understand this transparent fact. - The fact is:
Growth in everything is going up massively.
We are in a frigging pandemic which is why the 1st half of the FY in certain geographies was muted - Look at the growth in the other areas!!!!!!
Be jeeeeez
Sorcerer I agree and with hindsight thank goodness there has been additional revenue above the core business. The Covid screening numbers are very low and this is really disappointing. I hadn't really appreciated how small YGEN actually is but there struggle to hit decent numbers says it all. In comparison to a lot of other CROs. 10,000 month (333 tests/day) is 1x PCR plate in a 384 well format, in conventional screening terms this is nothing, I would think a top academic lab or University Hospital could run 1 plate a day. A decent CRO outfit will full automation at all stages of the pipeline (sample processing through screening and subsequent bioinformatics analysis) will be running dozen of 383 well plates per day.
I have thought for some time that unless we get out act together soon the wheels will have come off the PCR bandwagon before we even get started. I hope they hot the 20K soon because this gravy boat running out.
In N+1 SInger's note today, they still have FY revenue at £24.8m. From this, we can assume that today's update was not a surprise to them and that they were aware of some tricky market conditions for NIPT in some regions.
Hopefully they are equally aware of the strong start and expected growth for H2 since they have not revised their estimates.
IMO, we are already feeling the benefit of the wider product suite, with DYPD generating strong momentum. We have yet to realise anything from IONA NX too, which should help us make those H2 numbers!
I agree that the update today was disappointing - not particularly because of the actual numbers, but because they are out of line with what we have been told for the past 6 months and especially that the core business was remaining 'incredibly resilient'. That set a clear expectation in everyone's mind that the additional revenue streams from new products, the Illumina product launch and Covid etc. were all incremental revenue on top of the previous forecasts, whereas the reality is that it has been largely substitutional year to date. If the narrative throughout the period had been different (core business has been hit, but we're bringing on line other income streams to fill the gap), then today's update would have been a strong validation of that story and good news in the context that every business is currently operating under.
I still can't get my head around the limited capacity for Covid testing - Lyn said that they were in talks with the Govt over moonshot, but surely that can't be on the basis of packets of 10,000/month (which is 333 per day)? Surely he can't be going into a conversation about increasing national capacity from 360,000 per day currently to millions per day with an opening gambit of 'packets of 333'? Anything less than thousands (probably tens of thousands) per day simply wouldn't register on the radar.
One thing we do know about Lyn is that he always wants to be certain that he can hit his numbers - maybe he doesn't have the stomach for going large? The only other explanation I can think of is that further capacity expansion is aligned with contract wins, which would make some sense, but it would be good to hear if that's the case.