Looks like one or two who clearly bought speculatively yesterday have bailed out this morning. Clearly someone who understands nothing of the fundamentals here. Shame.
CD4 remains the jewel in the crown here and await positive developments.
Check out following UNICEF product analysis for all leading CD4 POC products:
https://www.unicef.org/videoaudio/PDFs/CD4_POC_Technology_performance_characteristics_2015.pdf
Omegas Visitect CD4 is the ONLY product which offers a truly mobile hand held disposable device suitable for the huge market demand for resource limited settings - and it is edging nearer to both CE marking and WHO prerequisite
These approvals are expected before end this year - then NGO's and other charity organisations can commence larger volume orders for Visitect CD4
CD4 POC market expected to grow at a CAGR of 10.% pa for next few years
Omega Diagnostics are the ONLY company with a specific POC test which is completely suited for the much needed market demand for remote location settings (in particular) but also any other setting.
Results in minutes. Competitive cost - roughly same as existing lab tests - possibly slightly cheaper. Technology is equiv to gold standard lab tests.
Quote from WHO report on CD4 POC tests: (link attached)
"The largest increase in CD4 test volumes will be driven by the adoption of POC devices, including device free technologies, in either scenario (either scenario meaning low or high growth take up)
http://www.who.int/hiv/amds/110_Diagnostics-Manufacturer-Stakeholder-Meeting_CHAI.pdf
This is a company transforming product on the cusp of commercialisation- CE mark due by end this year.
THREE RNS's in a week. AN on Proactive.....
Classic AIM company strategy preceding a placing. And it's all been done one too many times and the market knows it.
Somewhat belatedly this morning :( saw it moving but didnt act initially arrrgghh
Hoping for some more upside. SP is still substantially lower than last time Tungsten price was this high.
Nice delayed £12k buy btw
Not exactly creeping, yesterday was 15% rise! But I take your point.
What is most impressive is its rising on very respectable volume. Looks to have broken out from chart perspective.
But best of all, no herd!
IMO.
Company is debt free. CEO is very competent and has guided company through a huge transition in the music industry - downloads to streaming.
Risk : stock can be very illiquid BUT with patience def multi bagger potential with 1-2 yr view
Don't bother unless you are patient