RE: odx and avct3 Mar 2021 16:00
Hi 1509,
On Avacta, best thing I can do is copy Wyndrum's post from a few days ago. I did suggest Wyn visit Bank of Valetta but don't believe he took up the idea. This was in response to an interview with Alistair Smith on Vox Markets. It's worth a few minutes watching: https://www.**********.co.uk/articles/q-a-with-avacta-ceo-alastair-smith-4e28186/
Wyndrum: "I am SS, because it answered the queries I had. What you can't get in written updates and RNS's that you can in interviews, is body language, tone, confidence integrity etc. (I remember, I think it was the November presentation? but AS looked dreadful, tired, haggard and it was pretty vague. Not very inspiring at all). But this one was the polar opposite. (He even talked about how long mass testing might last! ha ha), he was relaxed and confident that the die is now cast. Its done basically. (well that's what I got.)
This was for me, the reassurance I needed, because without it there are (or were) a lot of red flags on this stock. continual missed deadlines, constantly ambiguous updates, typically all synonymous with bad news coming.
I understood all the positives that the stock offers, that was never the issue for me, it was dealing with the downside that was my focus.
If you can see the upside and then realise that the downside is very unlikely/limited, it gives the individual (me in this case) the confidence to commit extra funds based on a bit more then a "fingers crossed" approach or "having faith" in the stock.
(Plus the SP is just above 195p again so I bought more just now. and will continue to add when I can transfer another £40k into the isa's available to me and Mrs Wyn)"