Investor Sentiment22 Jan 2021 23:29
Do I doubt this share? Of course I do. Any investor that tells you’re they’re 100% confident in their decision is either lying to you, or worse, to themselves.
The overall profile & pipeline of TILS is impressive to say the least. Notwithstanding this, you still have to be objective when considering if this is a good investment.
There are pro’s and cons to all current factors which are worth considering.
Do they have some fantastic groundbreaking technologies? Yes, of course they do. That being said, why haven’t they received any solid offers yet if the technologies are that great and indeed, likely to be disrupters to the rest of the MAB industry?
Is the cash position good? Yes, phenomenal at £62m (or whatever the good doctor said) against MCAP, then again, at a burn rate of £32m budget this year & £28m next year, it’s not going to last long. Clinical trials, R&D and other various other expenditures cost a fortune in this industry.
They are spending $10,000+ a month just on redchip by the looks of things. A lot of money for a business that doesn’t produce any revenue yet.
If the covid results are that promising, surely we would know more by now? Will the results be underwhelming or insubstantial?
Who knows is the honest answer.
To look at things from a different perspective though, the current board (including the recent appointment) seem to have a great background and a good grasp of the current situation, and indeed, the plan ahead.
If just 1 of these technologies does come to fruition, the ROI based on current share prices will be exponential.
You could say that currently, the MCAP and SP just looks too good to be true based on the pipeline and progress in trials so far.
If the Dr is right about Aim companies being worth 50/60% less than main market businesses, then we are potentially at the right money (or slightly less than we should be).
If accustem is worth £2 a share then great, we’ve had fantastic value out of TILS & it proves what a great buy it was even at this stage. It also proves the ability for the BOD to commercialise opportunities. Conversely, you could argue that a lot of the value has gone from TILS if the Accustem price is strong.
If accustem is 10p a share, then based off current price, we still have value & potentially proved that TILS was where the real value was.
It’s very hard to really call it.
Either way, I think long term holders will probably be safe on this share.
I will reiterate my position on the upcoming data though. How can you possibly be out when potentially pivotal results are about to be released that could send the SP into orbit?
If FMAB is successful, it will be going through expedited further trials & could see a JV with one of the big boys.
One thing is certain thought, we will soon see, that’s for sure..
These are all my own opinions and not intended to be investment advice.
GLA