took a little nibble here20 Jan 2023 17:41
Like many of you I've been here since the placing. I've watched this share, like you all, do nothing except decline. I have tried to make some losses back selling pumps and reduced my overall loss by around 40% (I'm still around £6k down, although, made most of that back elsewhere). But, enough about me, something I've observed about Abingdon management is they rarely seem panicked or desperate (they leave desperation to the shareholders). I believe this is for two reasons, 1 good, 1 bad. Either they are confident 2023 will produce contracts and with them revenue or they have plans to take the company private at ATL's for their own benefit. Not ruling the possibility out of a TO with this MC but my gut tells me its the former. Taiwan didn't materialise but one such contract will see the SP more than double in a day. 2 or 3 similar contracts and this could be back to placing price or even IPO price depending on values. I've taken a much smaller position this time around so now happy to ride out 2023 as a holder... Watch this space!