Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
Some info on Airain Ltd, based in Guernsey.
https://www.bloomberg.com/profile/company/1245728D:US
I wonder if Paulo is James Newton, who is the execution desk manager at Airain? They will be desperate for their short to work for them, I hope we land the mother of all RNS and they burn.
AVCT are still spreading Jam and still have no saliva test months 6 months in to the pandemic. Are continued delays suggesting it's proving difficult to obtain the required level of accuracy? Seems like it...
Meanwhile we're making hay while the sun shines with our tried and tested PCR test.
Look at the curve of the daily cases, it's getting steeper with more cases developing faster than before. Countries like India, Pakistan, South America and Africa are escalating.
https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6
Codey, thread titles like that aren't going to help the SP are they?
Bear in mind the 811,988 Vatel shares are being dumped in and will be admitted no later than tomorrow. If they're selling, it's not going to help SP. We may be clear of it tomorrow
If mobile testing is going live in July, we could see an RNS with an order for Q16 / Q32 units and more tests anytime. If the government want to proceed with this solution, they would want to secure supply sooner than later.
TDT
"The number of share out on loan is less than 0.4%. In the grant scheme of things no, that number is not significant. The current value of these shares is less than £800k. For a company with a MC currently standing at £195m and assets that most believe have an in ground value in the Billions 10.8m shares with a value less than £800k is nothing. Just look at the volumes leading up to suspension, well in excess of 100m shares traded daily.
Shorting is a non-issue especially so if you think the share price will rise once/if the share comes out of suspension."
My point wasn't so much that we have a massive volume of open shorts that will cause us a problem, it was more along the lines that any shorters stand to lose a lot even if they borrow relatively small volumes of shares 100k, 350k etc. And that could be the reason we see so many 'none-invested' posters spouting rubbish all day, hoping to create uncertainty and a drop in SP when we resume trading.
I think most of the PI's on this board are aware of the games they play and it's water off a ducks back now.
Paul, we're launching new products and expect an update on the US market soon. The link posted highlighting a PR video with Spanish language connection could mean we’re selling to the South American market, backed up with the approvals mentioned in the last RNS.
We’ll see how the market reacts to the product launch and any new customers in due course.
If there are circa 2.8B shares in issue, the percentages below show the number of shares that could be short.
1.00% 28,000,000
0.75% 21,000,000
0.50% 14,000,000
0.25% 7,000,000
If we take the lowest figure of 7M and say there are 10 brave souls that are short, that would be circa 700K shares per shorter. Some might be braver than others, so there are a few options.
100k shares, gap up to 25p, circa £25,000 burnt
350k shares, gap up to 25p, circa £87,500 burnt
700k shares, gap up to 25p, circa £175,000 burnt
950k shares, gap up to 25p, circa £237,500 burnt
100k shares, gap up to 50p, circa £50,000 burnt
350k shares, gap up to 50p, circa £175,500 burnt
700k shares, gap up to 50p, circa £350,000 burnt
950k shares, gap up to 50p, circa £475,000 burnt
100k shares, gap up to 75p, circa £75,000 burnt
350k shares, gap up to 75p, circa £262,500 burnt
700k shares, gap up to 75p, circa £525,000 burnt
950k shares, gap up to 75p, circa £712,500 burnt
As I've never gone short, I'm not sure my calculations are 100% accurate anyone feel free to correct them. If they're 90% correct it's easy to see why anyone short would be keen for the share price to go down when we resume trading...
This guy never stops finding research
https://twitter.com/VALLEYFLOYD/status/1269221662131716101?s=09
On the thermo site
https://www.thermofisher.com/order/catalog/product/4484077#/4484077
Parkez,
When you look at the 384 well machines, many are sold or compatible with Thermofisher...
https://www.biocompare.com/Nucleic-Acid-Electrophoresis/23394-Thermal-Cyclers-Thermocyclers-384-Well/
Yesterday was the first day that new hospital admission were up on the previous week. On 25th may it was 475 and 2nd June it rose to 505. While I appreciate that's a small change, it breaks a downward trend on new admissions so the next few days data will be interesting.