RE: Abingdon receive £6.3m today7 Jul 2022 20:34
Trader - So sale of CD4 will be a significant payment after several companies bidding. There will also be a Royalty stream payment.After the sale there will be a £300,000 a month saving from the losses. This totals £3.6million saving a year. The Alva site has been sold which is also a saving.
The remaining part of the company Health and Nutrition showed a profit. This profit will be increased as we have been told that ODX are Concentrating on this part. Win, win, win, win, win.
Trader do you know what the Food print part is? Is this the food intolerance part?
The payment from Abingdon is not that much but is enough to stop any need for the use of an overdraft especially with the savings being made and the therefore profits being made.
When the government dispute is sorted and we know for sure one way or the other about the payment.
The fact that this company will then be generating profit and not making a loss will send the share price moving upwards.
The temporary overdraft safety net facility will not be required and things will be alot better than last year before covid when the price was 7p as what you stated earlier.
Don't forget at that time there was an overdraft and things seem alot better now than what they were then.