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Last couple of months have set a solid base for commercial growth BUT until we see clinical sales this is not going to really ignite the sp. once that happens with product and geographic growth there will be no stopping it. The question is how long do we have to wait?
Afternoon folks, there seems to be a strong appetite now to mop up TB sales at this sort of sp. with perhaps only around 6m left he won�t be dragging the sp down much more. I like to think the BOD are planning a major announcement to coincide with his share demise, that would really lift the sp and catch mms with nowhere to go other than to raise the sp. Still very oversold imo, should be well above pre-CE levels of last year so expecting a big bounce H2 18. Sticking to my year end hope of around 7p, but dyor.
Hi Profit, not sure what this is all about. TexRAD research version has been trialled in several medical facilities in the States but if memory serves me correctly (may not!) FDBK declined to pursue FDA accreditation for TexRAD on grounds of cost and time taken for approval - typically 2 years + I recall? This was all some 2 yrs ago I believe. Others may correct me but it would be good to see TexRAD or Cadran considered for USA promotion, perhaps I am getting the wrong end of all this?
Morning Botak, comprehensive history of the last 12 months and yes TB holding cannot now do lasting damage imo. I am very confident the BOD are now driving FDBK as a business with profitability the aim. The sp will drift in the absence of news but an RNS could appear at any time which will transform the business. How close we are to actual clinical sales is the big question, once these take off there will be no stopping the sp especially with new product launches to accompany TexRAD Lung. Let us hope the wait is not too long.
Thanks folks, makes sense for there to be a late reported seller time will tell. However that makes many millions sold in the last week or two but no reported large buyer (over3%), so either mms are sitting on huge number of shares, unlikely imo, or quite a number of PIs took considerable holdings unless of course there is a very late TR1? Either way I would expect something of a bounce to take these shares on next week or so, interesting times ahead.
Evening Hors, chunky sale and incredible it has so little effect be interesting to see sp movement tomorrow. Must surely be a big buyer in the wings given the size of recent sales and no trashing of the sp. perhaps a TR1 tomorrow? Maybe Mr Cranston has aided the piggy bank again, or perhaps SS? Time will tell.
Agree Bo and El, at least he is at a level now where any major dumping should not take long to absorb then he is history. Let us not forget though that he is closely linked with BG and has licensed TexRAD via FB, so will still be an influence but hopefully positively! Now we need to work towards widespread clinical sales and further product development, then the full potential of FDBK will emerge. Little building blocks meantime, maybe a year or so till we see double digit sp?
Evening Hors, El, very interesting and delighted to see TB becoming less significant. El you postulated that MMs wanted to acquire stock possibly for a large buy contract, could this be part of it? If not then this sale has yet to filter into the sp, so Monday might be anything. Even by TB standards it is a large sell and if it has a home then so much the better. If not then expect some volatility until the shares are bought....perhaps the spread might now reduce? Your thoughts appreciated, have a good weekend.
Morning El, volume good, lot of buys showing as sells, sp static but look at the spread..up to 11%. What�s your take on mm games at present? I am confident there is more news in the wings, are mms looking for stock? Erring gently towards your year end figure if we get clinical sales in SE Asia this year.
THanks harhoo, vested interest keeps me going. I make mistakes but I always try to be genuine and objective, I am not a ramper and have been critical of the BOD in the past. Present position however makes me confident going forward and I believe this could be a pivotal year, but I won�t get carried away just yet.
Afternoon Hors, I should have read the rns more carefully. I asked Lara for clarification and she replied: � To clarify; the distribution agreement with GE Healthcare is for TexRAD research, not for the clinical use of TexRAD Lung. The agreement grants non-exclusive global rights for GEHC to offer TexRAD texture analysis software for medical imaging research applications, and we referenced the word research in each of the paragraphs in the announcement. This agreement will help our international expansion in a significant market, in a similar way to Korea ISG in South Korea and Boya in China.� Yes the agreement will still produce income but not yet the holy grail of widespread patient scans. Something still to look forward to.
Afternoon El, twice the article specifically said the agreement related to expansion of TexRAD Lung into research facilities. Perhaps I misunderstood but my belief was that the agreement would open up clinical sales in India? Clearly good to have a JV with such a behemoth but not yet the revenue generation I was anticipating. Your thoughts?
Hi Hors, totally agree, I think when the next Results are announced the accompanying Statement will be very different to that which we are used to. At last it feels good to be a FDBK shareholder again and hopefully patients around the world will soon be getting the benefits of TexRAD, good times.
Haha happy to play to your tune El, but got to get to my mark first. Either at the year end would be a big relief from early this year. Actually feels like a business that wants to be successful now.....where did my piggy bank go?
Afternoon Botak, SS has more than you now, better buy some more my friend. Unicorn status would need a income / profit level around �100m (appx) so my be a month or two away yet. Still going for sp around 7p by year end, but this does seem well below other expectations so happy to be proven wrong.
Morning El, very good volume again and to my eye all the red sells look like buys to me if correct then why is the sp going down? What is your reading El, are the mms trying to tempt sellers into the market? If I am right and this continues then there will have to be a rerate at some stage, interesting times.