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Agree with the sentiment thechancers, it has previously been a poor investment for many including myself. Now though looks to be a v good opportunity and base to get involved from. All the effort so far has to come together now in H2.
I don't think anyone is denying much of what you say here Greenspan but it is history. This to many now represents an opportunity, BIDS must now start to deliver and there will be no hiding.
FFS - is this the angle now?! Those nasty men that took part in the placing, they 'fiscally raped' us?! Grab a hold guys and change the record. There is actually a scenario where the company uses these funds to progress. Who, to what level and what intent took part in the placing you won't know but let's not pretend we do to mislead. The SP will do the talking and I'd expect news soon on progress.
The question is does this share now represent an opportunity? Placing done as expected, some churn around this level but then onwards towards news of deals, revenue and the development of a new ad category! I hope so as I invested again this morning, as I'd planned to do post placing. Looking forward to progress and doing better than my last foray into BIDS.
These boards are many things to many people but I agree there's nowt worth getting emotional about here or with the daily fluctuations in SP! Anything said here is just pi55ing in the wind between material events and news. It's not like you'll ever meet that keyboard jockey that just abused you or dissected your post. All good fun on the boards, generally meaningless but grateful to those few who go out of their way to share occasional gems of research.
Beware also the bizarre creatures who claim to be invested, often describing their chunk as mere 'punt' money but then insist on posting prolifically with a negative bias thus damaging their own so called investment. I've seen this on a few boards / shares, I think it may be a ploy to gain some credibility with faux solidarity enabling the creature to feel justified in posting negatively, e.g. I'm in this share, just punt money but it's not looking good now, I feel let down, get out while you can or you'll end up down like me etc! All part of the game I guess. Personally v comfortable here now, added more today, and will only adjust stance in reaction to official news which is certainly looking positive at this stage.
Slightly confused Cooncan, didn't you have a 'long' position with £5k punt money earlier on?! Agreed there's more than one way to a profit but to do what you are suggesting requires some luck and skill. The best profit I ever made on a share was with GKP, I tried to trade, sometimes rightly, more often wrongly losing shares from my holding along the way. Overall it was a monster though and in hindsight all I needed to do was buy and hold and let it rise over the longer term. There was no need to keep checking on it, or what was being said on the boards, or making panicky trades. I feel the same here, the design freeze will be the catalyst and until then I will be adding. Whatever I have at that point will be my core holding and I will evaluate that position as news of orders and revenues comes through. I am taking a positive view at this point as the company have said they WILL be producing these tests and recent CEO interview was bullish. They'll need to meet the standards required by the government and they are part of a consortium which I expect is adding to the timeline but we wouldn't be sat at this price if it was all in the bag right now and I wouldn't have chance to add more shares.
Genuine question but what does 'non trading cash receipt' mean? If it's what it says on the tin and it's cash from non trading equals funding? I note that it is 'expected' also so not yet happened. I got it wrong last time I invested here and would like to get it right this time and not understanding this is the main thing putting me off right now as I think longer term it could be a big opportunity.
Huge amount of exposure today for ODX, will be on many more radars now and today just a taste of what will happen as progress gets firmed up.
With regards the briefing, RTC mention and 'early promise' I took this as positive given the way he set up the presentation with mention that not all projects will succeed. That could easily have been followed by announcing that the RTC had failed but instead the mention was of early promise indicating still in progress. It is my opinion that the POC will come onstream and will be for the masses (the 10m Roche tests prioritised for NHS and key workers). There was nothing in today's briefing to change my own stance on ODX so it's as you were, awaiting official news of design freeze.
Thanks LB28, interesting to refresh on the five pillars forming the government's testing plan (link embedded in the study you posted). ODX and the RTC are supporting pillar 5 to enable mass testing 'at work or in the home'. Point being that whilst we speculate on when design freeze will occur, or whether ODX related tests are being referenced in the media or interviews it is a fact that ODX are involved in the government plans to mass test. It is a matter of time before we get clarity on what that means specifically for ODX.
Let's say you held a significant holding in ODX for some time and were now substantially in profit you may well consider a staggered reduction in your holding to lock in some of that profit. That way you maintain significant interest to benefit from future rises but de-risk along the way. That's all that is happening here and meanwhile others, including myself are doing the opposite and building a holding, there's a buyer and seller for every transaction (I know I'm over simplifying it but you get the drift). Looking forward to early May confirmation on what ODX and the consortium are developing here.
Yes agreed, I was confusing it with some similar AIM stocks in my portfolio. My comment around these types of early stage / pre commercial companies stands though in that the reason they appeal to me personally is for the volatility and risk reward. Granted it works both ways and can be due to a myriad of factors often unknown to the PI or merely sentiment. When it goes the right way though it's worth celebrating that fact!
These rises are exactly why I invest in AIM so I am very much a fan, why wouldn't you be?! We take increased risk to our capital investing in these minnows and rises such as today's are just rewards when they occur.
Thanks for the insight into last placing Intrepid, agree with much of what you say about the outlook. Any placing has to be at a significant discount to make it attractive but we have no way of knowing at what price it will be and there is a scenario in which positive news lifts the SP from current levels between now and then. I'll be monitoring my portfolio like everyone else but not over-reacting just yet.
Hi guys, do we not think that they'll be able to get another institutional placing away as they did last year (£5m @ 12.5p)? Agree the results RNS sets expectation of continued negligible revenue in H1 but the complete sentence sets expectation for significant revenue in H2. To me that reads that the pressure is on to demonstrate deals that could drive this H2 revenue, if they can get these away soon then surely the funding will be bridging the gap and will be commercially viable for investors. Clearly the longer BIDS go in burning cash without clear strategy and deals that will drive revenue the less appealing it becomes as an investment. I'm still in with a modest holding looking forward to an update on deals and games that will create that H2 revenue.
There's nowt to see here, even Syngeone's inventive abuse of Count has run its course. The rest is boring repetition of the negatives. You want to read the simpering comments of those that feel hard done to then read here, you want some more forward looking, considered info on the company then it's bidlievers. Investing in AIM stocks is not for widows and orphans, you may get back less than you invested so keep it real and only 'invest' what you can afford to lose in worst case scenario.
Looks like the usual contributors are now playing to an empty big top, amusing themselves so to speak. This share has certainly polarised opinion! For what it's worth I'm a bidliever for now awaiting positive newsflow on games / deals and ramp up of revenue. If this doesn't happen or start to happen in H2 I'm out. I totally get the naysaying, it's been correct stance for some time now but the work to grind this down is done, risk reward starting to look good and like the count I've been topping up. If it goes belly up, which I doubt, I'll lose my shirt but not my house! Keep it real.
Agreed Andinio, a capitulation point. Little point in crystallising a loss at this point if already in and bears will be licking their lips round about now at the low SP. How often though as a PI have we timed it right, just as easy to get greedy on the way down as the way up. Personally I tend to buy in tranches now over time so not happy with performance lately but will add as believe in the concept longer term.
I think what you're saying is absolutely spot on thechancers, the only thing I'd disagree with is the certainty with which you state a trading range in the near term. We know revenue is not going to be there in H2 results, we know large deals already signed although impact in terms of actual revenue to date not known, we expect new deals, we expect a forward looking strategy, we expect to fully understand the current financial position. All of these things can affect the short term SP but we're back at 12 month low right now, back to square one despite all of the progress. Personally I feel that good news will be like lighting the blue touch paper here but that's purely speculation on my part which is what it's all about! GLA