Member Info for 2208harri

Into Q3 and still no news on all the CCL units being delivered. They were meant to be in half way through Q2. Getting behind on the new milestones already!

I'm not forgetting the charges due to the reduced share price but we aren't mentioning the vendor financing from metric that is still on the table. The Braknor financing isn't great and will suppress the share price for at least the next year if not longer. AVO will probably have to call on it to pay off the blackfinch next March however if they do have the Braknor and metric finances available then I think the company could get close to 2020 by which point they will have a proven machine and customers they can sell to.

Should have read in 10 years time not 1 🙄

"The Company has a further option to raise up to an additional £26 million, on the same terms, for a potential total commitment of £52 million, provided issuance of the initial £26 million has occurred within the first two years. As outlined below, the Company is also considering other sources of funding;" From the financing agreement with Bracknor. Using your calculations this would almost be enough to get them to 2020, yes the shares would be hugely diluted by that point but they could have a working machine in Harley street, Thales producing and probably sales by that point. If someone feels the company will make it to that point and invested on a regular basis to take advantage of pound cost averaging then why couldn't they come out on top? 1 years time this company could be worth £1billion , £10billion or £zero. Do your own research and make your own decisions which ever way that may be.

Interesting name. Do you work at the AFRC at Renfrew?

I see IBA are opening a new manufacturing and logistic hub next year. Able to produce 20-30 of their proton therapy machines a year! They must be confident of a growing market for this investment. That will drive down the price and increase competition for AVO.

Apparently he has purchased them but the website isn't updated until the 10th of each month when the information comes in from Capita.

I invested over 3 years ago and i'm annoyed they haven't delivered to the timelines originally set out however I do understand these things happen. When I invest I do for the very long term so when I originally invested I had intended to still be owning in 2020 and beyond. Yes I have a paper lose, dividends will be coming later than hoped and more shares being issued will dilute my holding. However if this funding means the company get to a position of a working and a regulatory approved machine, selling 8 machines a year from Thales, opens a factory in Asian producing another 8 machines etc etc my holding will be worth a lot more than when I brought it. This might be another 10 years to get to this position but there will be share price rise (and fall) over that time. I have put my trust in the tech people knowing the technology is good. And I have to put my trust in the BoD to manage the financing as best they can.

End of Q2 2020 they say it will have pass regulatory approval and treating first patient. When the machines going to paying customers will depend on how long Thales take to produce a machine. What ever the case paying customers won't be getting a machine before Q2 2020. 3 years isn't that long in the scheme of things.

He didn't attend. Said he had to go and see his dad!

I have been invested in AVO for 3 years and always had the view I would hold for a very long time, some are in my SIPP and i won't retire for 30 years so that's the time scale I have in mind. My ambition for the company is for the tech to work and the become a market leader in the supply of proton therapy machines. IBA who is the current market leader has a market cap of around £1.2Billion and a dividend on 2.82%. I believe this is the potential and more for AVO. I'm not oblivious to the risks, the tech might not work (slim chance with CERN involved but possible) and the finances might dry up. The company do frustrate me at times with the lack of/delayed information and I tweet and email them to vent my annoyance. Another young growing company Brewdog I am invested in are the same, is it enough to stop me investing? not yet but it will if it threatens the company and my money. Everyone has their own views and investment timescales so we shouldn't judge or criticise others for the choices they make or the views they air. I Don't believe comments on this board or others like it can ramp or de ramp a share price. All in my honest opinion of course :-)

It sounds like what they have been saying for the last 3 years, key milestones, sales etc. I think this time scale is more realistic but I am still trying to find out if the £56m on offer from bracknor is enough to get them through the 3 years. I know it will massively dilut the shares but don't think I'm too bothered about that if they get to the point of producing 8 machines a year.

I am still in as well as I feel it is a long term investment. I have emailed to ask what the financial plan is for the next 3 years but yet to get a reply. What question did you ask Paul and what answer did you get?

I agree it is a correction due to the new timeline and the Bracknor deal seems to have spooked people. I'm disappointed with the new timeline as it will double the time I had hoped for a LIGHT machine. However, being in a share for 6 year 2014-2020 before it starts making money isn't that long. It's what to be expected when investing in a start up business. As a start up they are crap at keeping investors up to date with what's happening or indeed what's not happening. I'm £35k in and staying for now until I can understand the funding situation between now and 2020 better. That's if I can get straight answers from the company which is a big ask!

Slightly later than expected and still the first site to get LIGHT.

It turns out Richard Amos isn't working for AVO even though the RNS said he would start in November. NHS England asked his to stay to " facilitate the progress of the NHS particle therapy programme" Things like this don't bother me if they are communicated but AVO like to keep things to themselves until asked. http://otp.investis.com/clients/uk/advanced_oncotherapy/rns/regulatory-story.aspx?cid=763&newsid=779509

I asked walbrook that question and it's getting recorded and put on the website a couple of days after.