Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
This past year has re-taught me, that cash is king. I got distracted in my investment strategy by some high growth potential shares which i've been burnt by. DDDD, AGY, DNL, DVRG to name just a few. I'm fortunate that I didn't have large sums in any of these but I spread my portfolio too thin and didn't have the right focus on companies performance. There were enough red flags with DDDD with the cash burn and with the rising cost of capital it's become hard for growth companies to secure funding. A lesson learned
No concerns about Copus going or any loss of clients. I expect he will become a consultant on energy transition.
H2 Green is absolutely not self sufficient - it is loss making and whilst it may be seen as the golden goose, currently it is requiring significant resources to establish itself.
Here's hoping we find a good new CEO
I await potential acquisition targets that PHC line up rather than vice versa, although that will likely happen at some point. Cash is the key thing and it’s encouraging that they still see themselves having sufficient resources to get through to break even and profitability. Jeff is very impressive, he just delivers, non nonsense. A lot of time for that
There's a huge disconnect between the economic reality and the markets. The FTSE 100 just hit an all time high. There is hope with inflation dropping, China re-opening and strong employment. There will certainly be more bumps ahead as public and private finances are really being squeezed.
What's also interesting is that the airline market is hardly affected by the cost of living crisis. People are still keen to travel, no doubt pent up demand from the ridiculous lockdowns for 2 years restricting peoples freedoms. So things may get sacrificed but as things stand, holidays are not currently one of them for most. That may well change, particularly as we move to late 23 and 24 but for now it's very positive sign for the industry. Even more so with the cost of fuel decreasing
Thanks for the responses re. ISA allocation. As I thought and I could consider selling some holdings but don't expect I will. I also have a chunk of these in my ordinary share dealing account so can always add more there if required. Pretty solid day, this RNS was needed for the next leg up in ITX journey. The future looks bright
Interesting to note that Flyr also went to the wall a couple of days ago.
https://www.forbes.com/sites/davidnikel/2023/01/31/norways-budget-airline-flyr-collapses-just-19-months-after-first-flight/
This was an expanding market for Wizz Air but short lived and they soon pulled out (c. 2021). I wonder whether they will revisit now.
I'm surprised by the SP action today. This was a really good RNS. Short term working capital secured, with a converted price at double the current SP. If that isn't a vote of confidence, what is? In the current climate that is remarkable. The longer term funding requirements are likely to be met by a combination of access to grant funding and investment partners. We all know there have been delays, which is why the SP is subdued but I have confidence that 2024 will be transformational for the company and shareholders. GLA
Load shedding is likely to get worse before it gets better unfortunately. Eskom is a complete mess, a revolving door at the top, almost impossible to drive through the required reforms necessary. It'll happen eventually but it will be a long and bloody process.
This a bottom drawer share, I don't expect a material recovery in SP for a couple of years unless V price rockets.
I agree margins should improve with scale, but they need to because they're losing money on each battery at the moment. However, whichever way you look at it, the scale of admin costs are a concern...................greater clarity is required on the make-up of it, because it's such a large figure for a relatively small company. Only then will we be able to gauge future projections with any clarity
So 10% of the share capital is provided in options at 0.83p.
Apparently, they are subject to performance criteria (including Ordinary Share price appreciation)..................anyone like to care to reveal what that criteria might be, as I've not seen it detailed anywhere?