Member Info for CuriousInvester6

This was not quite the news I was expecting but I agree very good news indeed, for new investors to have been sourced at a premium they would have been thoroughly briefed. I guess the next technical update will now be on or just after 21st December 2019. 2019 looks like it will be a transformational year for the company & shareholders.

Looking at previous years I am hoping tomorrow or next week we receive another tech update!

The evening standard article I believe has taken a guess at the cost of the light system hence their £20-£40m range, perhaps that includes the building structure.
I recall that the LIGHT system will cost approx the same as Mevion's system ,however I also read the walls of the bunker for the Mevion system are 4 feet thick which must be somewhat larger than Harley Street so there could be significant cost savings in the infrastructure with Light.
Both companies however are clearly leading the field in modular proton therapy systems and it is a huge market and plenty of room for all to do exceptionally well.

Interesting article and I am wondering where / who this comment came from "....and has sales lined up from hospital groups in the UK, Italy, France, Switzerland and China."
I am not surprised by this comment but this seems rather more concrete than any releases from the company. Now that it seems our seller has gone IMO I am expecting this to also hit the 50+ mark very soon.

I also note on page 3:

"Further capital will be required, which could come from a number of sources. However, AVO, on the back of its continuous and successful operational progress, has greater flexibility now with its improved and clean balance sheet."

https://www.hardmanandco.com/wp-content/uploads/2018/10/AVO-Technical-update-16-October-2018.pdf

This was released this afternoon, this is an outstanding analyst report. I do not believe a further placing will happen anywhere near the current price level this year. I read with interest this quote on page 12 under Loan-Free:

"The capital increase allowed AVO to take the opportunity to repay the loan made by Blackfinch Investment Ltd. for a total aggregate nominal value of £6.7m, including interest, leaving the company debt free and providing greater flexibility"

It would not surprise me to hear that this "flexibility" will now result in a further loan facility on much more attractive terms than before, hopefully to ensure completion of the LIGHT system up to installation in Harley Street.

Time will tell but looking at the cash burn we should hear soon how this will be funded. Hopefully we will see the shares regain some momentum. I am very pleased to have been topping up! GLA

I never expected to see this level again and lack of volume. I guess the market knows something I don't and I have followed this company for years. To have the investors the company has and recent news simply does not warrant a market cap of £65.8 million nor does it make sense to me. Particularly what has been invested in this system development so far. With a system being installed for testing at Daresbury next month, already achieving 52 MeV, significantly de risked to the point of IMO no risk, Harley Street on schedule etc etc What am I missing?
I see speculation regarding another placing even TW is off again on his magic roundabout, personally I do not believe the company will have another placing anywhere near this level....IMO they are in a very good position now to secure long term financing. It will only be a matter of time before the company clarifies the funding requirements...the market generally knows well in advance if there is a placing and the volumes traded are so low they simply do not imply any news of this sort is likely. Meanwhile I am happy to keep buying at these very low values :-)

Nothing has changed as far as I know regarding Thales, it is still the manufacture choice and they are targeting 8 systems a year...the 8 systems are reiterated in the recent Corporate Video.
The Daresbury site is just the testing site which I presume was chosen as both a practical solution rather than Geneva and to assist in regulatory approval. I note components are going to be installed there next month and they are working to a very tight schedule!
News flow I expect to continue as the proton speed increases, Dareburys & Harley Street progress & the 2nd Birmingham order is confirmed. Anything else would be a bonus, especially any pre-orders.
Further I am hoping we have an updated Hardman & Co research note soon in which perhaps the target price will be similar or higher than GPSL.

I really do not think this was the case at all....someone IMO was a forced seller, it happens all the time for various reasons. As it happens I benefited hugely like I hope many others who know this company very well. As mentioned yesterday I expect this to be in the 60-70p range based on all the news recently and endorsed significantly today.

I now expect to see a research note imminently from Hardman & Co. Onwards and upwards GLA.

“AVO can well take the entire growth from its cyclotron competitors, which will become an obsolete technology by 2023E”,

“The investment proposition is highly attractive at this stage. We strongly maintain and reiterate both our OUTPERFORM recommendation and TP of 155 GBp.”

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=AVO&ArticleCode=spcx1qjd&ArticleHeadline=GPSL_Research__Flash_Note_on_AVO

All looking good!

"Discussions with potential customers are now multiplying and we expect them to accelerate as we are getting closer to the next phases of our journey. We look forward to having all our accelerating units manufactured to generate a beam at full energy by the middle of next year and start the installation of the system in Harley Street when the building is ready by mid next year.”

https://polaris.brighterir.com/public/advanced_oncotherapy/news/rns/story/xompdmr

Great news!

What ever it is this is getting concerning.....I simply do not understand why this is declining so much based on such positive news, the company is simply in a completely different place than anytime this year yet we are now well below the low YTD. I really expected this share to be closr to 60-70p now. I guess it is a waiting game but there will be a number of very concerned shareholders watching the shares tank like this.

Thank you big seller! We all have reasons and I wish them well.

Great opportunity for me to top up several times on the way down....No doubt IMO where this share is going with such good backers and expertise. As the technical update on 27th Sept said " A further technical update will be provided in the next few days", we are now almost 2 weeks since that announcement. Plus the Chairman reiterated in the Half Year Report on 28th Sept "I look forward to updating the market with positive news very soon." I am therefore expecting more good news imminently plus perhaps some clarification on the companies funding strategy which I truly believe has been misinterpreted in the short term as being via a further placing.
I suspect many selling are following the chart and will buy in again on the turn, patience IMO will be rewarded and I am 100% confident in the BOD.

Yes thanks PM44 you have accurately highlighted this does not say "a placing"....Keep up the good work

Quite right "This will involve further funding" does not imply a further placing at all. The Half Year report clearly states "provides a better position and security to pursue longer-term financing options."
The company IMO will want to now increase shareholder value and in particular those that have recently taken part in a placing at 0.49p. The company also IMO is much stronger now, de-risked significantly and in a much better position to negotiate long term loans to complete production and installation of the first LIGHT sytem in Harley Street which is all on track. GLA

The shares were way oversold....somehow it has been assumed there will be another placing. I read the RNS completely differently in that they are now debt free and " The additional funding we have received has contributed to de-risk the business model and provides a better position and security to pursue longer-term financing options." I have been topping up....IMO I do not believe there will be any further placings for some time.