Bid prospects. When AGL to the FDA approval for the Parsortix machine26 Apr 2023 10:51
the sp, understandably took off (25th May 2022) to hit a high around 162p !
Then there was a placing @ 80p a share to add about 10% to the overall amount of shares (14th July 2022).
This was to gear up the Company to take advantage of the Parsortix machine (Cleared for use in the USA by the FDA).
Due to the additionl 10% of shares and obvious dilution I make it that reduces the £162p high to more like the equivalent of £1.48. Note the currect sp is just 26.5p. Yes, 25.6p !
IMHO it has taken a lot longer than the market expected for the orders to come in, however the orders are steadily increasing now and the machine is catching on. I wonder how can you give your client the very best treatment if you cannot monitor potential changes to the cancer (using the Parsortix machine to obtain a live cancer cell from your bood to analise) and adjust the treament accordingly? I doubt you can.............
I expect a bid, and if it's not North of the 80p placing price it will be laughed at.
The current sp a just silly.
All IMHO.