Member Info for DD77

I think the trading statement has opened up a couple of challenges the company faces -

1. Ongoing cost increases, which are being seen in other sectors too. Also, delays in shipping are similarly too
2. The lack of visibility of future order patterns. It appears there's huge fluctuation which makes it difficult for the company to predict - very much driven by their clients, who they don't appear to get much heads up on. This makes forecasting for the company difficult

I'm sure they talked about a European distributor being announced imminently, rather than specifically a UK one. With that being the case, your deduction would make sense. I was surprised that the RNS only referenced UK

That wasn't a good update, I know some of it was expected but I didn't expect it to be as bad as that, and clearly nor did the market. M6 must have been poor. That said, I would have expected a 10% drop today, not 30% which is well overdone. Great opportunity to top up for those who have spare cash

Nice to see some fairly chunky targets here for these - 22p for 70% of options and 33p for the remainder. If it reaches these levels, I'm sure we'll all be very happy. Equally, they are very attainable in my view, but nice to see the board incentivised to achieve that

Anyone else surprised that they announced an Investor Presentation for H1 results with only 4 days notice?

It's great that they're looking to interact with current/potential shareholders but why such short notice? Surely they knew this was coming

Been monitoring a while, and got a very attractive entry price today at 0.215p. As others have said, the market is spooked. But covid stocks should really be performing well, given the state of play. There's certainly a disconnect

Interesting article in Bloomberg today on Moderna, who revealed that the Covid vaccine was just the start, and they are building mRNA shots for HIV, cancer and the flu. ETX could be in pole position to assist

So very strange goings-on with M&G - firstly reducing their holding in June and now increasing again a month later. What's happened in the space of a month for them to partially reverse their decision? And they'll have had to buy back at a much higher rate................

RB - nice to see you here, didn't we have some jovial dialogue on ITX? That was a nice one for us, and continues to be so.............hopefully same here. I've been invested here for over 10 years now, first bought in at 49p! Since averaged down but a little way to go, like you. I continue to like the story and believe it will come good. It's a volatile share, but the vertically integrated and diverse nature of the business, means it has a resilience and provides it with support, in spite of the debt/FX issues. I do feel that once debt is drawn down significantly, the chains will be released and we'll see an upturn. I'm also interested in how their expanded retail offering develops

Looks like the gradual ascent is continuing, with 10p paid now. It doesn't take much to move this, but we're seeing a steady accumulation of buys now. Now trading at 2 year highs............nice to see, long overdue. Some will have done very well here when buying at 5p. My average is still 13p so some way to go but feels within reach finally

Looks like the seller might have exited, as we're now starting to see a steady rise..............almost unprecedented for this share! Nice to see and hope it continues..........

Research paid for by Diurnal, so always one to take with a pinch of salt............but not unreasonable to think it will be twice this SP in the next 12 months

Unbelievable that we've had no market movement on the last 2 RNS!!!

Another piece in the jigsaw, things are starting to come together now with key partners on board

I've seen this before with companies in a similar situation........red flags for me, which is why I sold up later than I should at around 7p at a significant loss. However, in my view the company will end up in administration and be bought out. I feel somewhat frustrated because I bought here against my better judgement, more on sentiment and regret it. That's not to say I don't believe in the company, its products and potential. It's a cut throat sector though, and I don't see a happy ending on the back of GHG fiasco. I hope I'm wrong though, and the PIs still here are rewarded

Itacon - if that's the case, why didn't John reveal it yesterday on the presentation?

This is because there isn't a lot of free float, as a lot of the shares are held by institutions and directors.

The rise ahead of the AGM was anticipation/hope that it would be revealing/positive. The fall back indicates the market was underwhelmed, as I was by the presentation. 12p a share - £55m MCAP is about right for the company as it stands. Prospects still look very good so I wouldn't be surprised if it hit the 20s next year

Surprising and disappointing drop in SP!

Dropping heavily now which is disappointing........

Thoughts on the presentation?

I must admit, I was underwhelmed by it. Very little new and all signals were that growth is not at the levels that some were predicting on here. I was also very disappointed that John openly chose not to answer my question on when they would return a full year profit. That is a very valid question that shareholders would like to know the answer to and by being deliberately evasive, it doesn't build confidence

A lot of the commercials will be confidential though and it’s not in Xeros interest to show their hand when they’re still to negotiate further licensing agreements