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I previously posted when the mcap was 4.5m and covered by cash.
The dynamics look like changing for abdx since that post and only for the better.
Company main goal was cash flow positive for 2023 and have every reason to believe this will be achieved.
The next few days could be very interesting and wouldn't be surprised to see some significant forward momentum. Let's hope its hold onto your hats time for all lths...
Whilst the options were disappointing for longer term shareholders ..the cash burn is close to breakeven for the business ...overhead reductions have now kicked in for the 2023 recovery...no placings needed for working capital purposes.
Good time to buy in...imo.
Bod are focusing on the above as a primary goal for 2023...low mcap covered mostly by cash reserves.
10p is achievable...in my opinion.
Bod have buy in prices well in excess of current price.
On the basis of the latest meaningful RNS..apart from half year results indicated that a pipeline of
Enquires was at an advanced stage over 13 weeks ago ..we must be surely be on the cusp of a meaningful update very shortly.
It's one of those shares that could rocket on news
Or wither and die.
The more I read the latest rns ..preliminary results the more confident I am ...
Main labour costs overheads have significantly reduced ...71 staff at the end of October 2022 from 130 ...DHSC CASH injection from judicial result..
Working capital covered for 2023..
They can streamline overheads to meet commercial demands as an when commercial contracts land.
Yes these may never materialise but the company is now in a much better position than it was and is now significantly undervalued in my opinion.
I agree with all prior comments ...however mcap is basically covered by cash with no current value attributed to the business.
One positive rns and this could bounce significantly most of the bad news is out of the way with next year covered so no need for further placings in the short term.
With bod strategy now focused on becoming cash flow positive we may be turning the corner.
It's certainly a potentially very good entry point.
I wouldn't be to concerned about not gaining access ..it's still in its infancy and only being made available to a chosen few.,hence why no general access.
Yep at last a professional and simple to use website...looks good going forward with sandbox application to be ratified in the not to distant future.
Last official update was 23rd May.. yes interims in September did provide some detail but mostly to the end of June with some post information.
We are now surely due a progress report.
The longer this continues without meaningful updates ...well you may consider whether this is simply prolonging the life of the company through endless streams of r&d ..to generate a very rewarding salary ..After all 320k euros is a salary worth prolonging.
The bid is actually 1.25p ...at the moment
Correct not on aim..but with any start up the rest applies
Apologies I meant clns not clubs
The aim market is more effected than other during a period of rising interest rates..as most companies within this sector rely upon borrowed monies either yhrough placings or clubs hence why most aim prices are new all time lows. Tech has been more effected than others.
Important to bear in mind that the fundamentals of this business haven't changed and the reasons for investing are as sound now as they were 6 months ago. This is a good a time as any to invest as you will be benefiting from compound averaging and we are that much closer to there objectives than when the price was 2p plus.
A potential offer or buyout for the business cannot be dismissed as well.
As they say BUY low SELL high ...Good luck everyone.
On any main market cc would never of passed the 1st interview stage for the position of ceo...
Her 1st position and takes the company into administration ..nor a good look on her cv.
My mistake ...should always check the exchange and not rely upon lse..thanks
Noticed that they haven't published interims since final results...they were published in Sept last year...possible delay to co inside with RD TEST RESULTS...let's hope for an explosive RNS next week
CC ...AREA of expertise is marketing ...promotion to CEO was a mistake that we are now enduring.
The problem for shareholders is she can simply walk away and attain another marketing job.
SHE has never fully understood that one of her chief responsibilities was to investors ...with to much time on happy clapper staffing events.
Yes it's all well and good to have a fully motivated staff buts thats primarily the responsibility of department heads not the CEO.
Yes any developments with volz on the commerciL front on filters would be a game change and present the shareholders with many multiples of where we are now..
Let's hope that's close ...it's been a while
No short term prospects of any meaningful revenue ...research with nda companies with prospects for future commercialisation that I can see...profit and loss account is only likely to get worse and the balance sheet weaker...
Whilst funding in place gives some short term relief .
They need a big development order to shift this share price in the right direction.
Probably didn't promote this interview because in my opinion more negative than positive in the short term.
These should be next week with an update on fsp.