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Before you start calling everyone out who talks rubbish because you have nothing better to do you should consider your own posts and how inaccurate they have been such as the one you posted on the 11th of December
'on sentiment alone this can go higher.. back to 75p without further news".
Roger, we are at 37p with no news.
'The product is too late to market. You aren’t going to see a switch away from tried and tested methods and contracts already in place to back a company with no track record or sales to buy the product from'.
Like I said yesterday, this time last year a 1,000 people were dying every day of COVID19. Yesterday 48 people died and that includes Omicron deaths.
Heard immunity will kick in eventually.
Did we all used to take a test to see if we had the flu? Eventually we won't take tests to see if we have COVID19.
And as for the person who said the money this company could make from sales could be used for acquisitions later on is dreaming. Do you really think they would make that much?
One of the best posts I've read in a long while.
Sums the situation up nicely and reflects what I was saying that only confirmed orders will send this up.
Expert Trader said 'left a small amount of profit (i repeat profit) and on that profit i hold currently a 'loss' but this isnt a loss since its from profit'
Eh? If you still hold eg £1,000 worth, they were worth £1,500 a week ago. Guaranteed. If you paid 30p you missed out on 180% profit. Your £1,000 would have been worth £2,800.
Like I say, no matter how you spin it, you cannot call your approach trading, and it just so happens your user name is 'Expert Trader'.
For a 'real' trader 'A bird in the hand is better than two in the bush'.
You aren't a trader mate - you're a hoper...
It was 100,000 not 500,000, but still a canny loss in a week (almost ten grand).
And even if Genedrive do go backup, it is all about timing (they were never going to get confirmed orders so soon after receiving CE approval).
What many people are forgetting is that unfortunately, tens of thousands of people die every year from seasonal flu.
In 2015, 28,330 people died from flu in England.
To average that out, divide 28,330 by 12 which is 2,360 deaths per month or 78 per day in 2015 from flu.
According to https://coronavirus.data.gov.uk/details/deaths
fewer than 78 people are currently dying of COVID and Omicron per day. Mostly thanks to the vaccine and booster (and the stats on the link are UK. The flu stats are England only).
For the vast majority of people COVID is a relatively mild illness. Omicron is more infectious, but there is no evidence it is more dangerous.
Based on the stats above, roughly 2.1 times as many people are dying from COVID19 as they did from the flu in 2015.
Not ten times as many, not four times as many, just over twice as many. Any death is a sad death, but the number of people who are currently dying from COVID is 10 times LESS than it was a year a go when 1,000 per day were dying.
And the Chinese kits work very well and are as cheap as chips.
If the Prime Minister closes down restaurants pubs and clubs and has to reinstate the furlough scheme he will want to save every penny he can where he can. Buying test kits that are more expensive is probably not part of those plans.
Why is the holdings RNS good Hendrix?
When respected investment companies like Investec sell up, does that not make you ask why?
If they thought this was going to the moon, they wouldn't have sold.
Only news of significant orders including contracts for repeat orders will move this upwards
When the RNS said "talking to a range of potential commercial partners who have actively expressed interest in the product with regards to European opportunities".
That simply means they rang a distributor to ask if they would like to see the product and they said "yes". Distributors spend their days evaluating products - that is what they do This happens thousands of times every day for thousands of products.
Only when those evaluations turn into orders, lots and lots of orders will this share price rise significantly.
I made a post on Sunday that you can easily find which agreed that until they have confirmed orders, this will linger around what I believed to be 50p to 60p. However, it was down 25% at one point today which was more than I thought it would fall so we could even see sub 50p until news lands.
There are just too many unanswered questions such as how much will the kit cost? is really better than the Chinese equivalence considering they are pretty reliable? Rumours of the Chinese companies having improved their kits and selling them cheaper.
Having a fantastic diagnostic test kit is one thing, but getting millions of pounds of orders is something else.
You said earlier "I have left a substantial amount [here] still for long term".
Well you can't be an expert trader because an expert trader would not let one of their holdings drop 25% in a single day if they really were an expert trader.
You would be.. erm trading it lol
Anyone who read my posts yesterday will now know I was correct about retrace to the 50p - 60p range.
This is simply not going to rise like many people think until they get confirmed orders.
Oh, and by the way... for the naive people who think any non-super positive comments (which is unfairly called deramping) have made the share drop, it was going down regardless of what anyone says until they erm... get some confirmed orders.
The experienced traders will know what I am talking about :-)
I certainly don't need someone to point out what I said the other day about 73p. I trade shares so I try and predict their movements and look for re-entry points. You won't be surprised these re-entry a points need to be lower than the current share price so I look for pull backs but I am not naive enough or inexperienced enough to believe that anything I say or anything others say will create these pull backs. Predicting share price movements is not easy as most people know, but there are definitely patterns. There is a pattern here. Down more then 20% since Thursday mornings high. Why? They rose on confirmed good news followed by a pullback.
I think this will stay between 50p and 60p until more news. If it does get to 300p as some people think there will be plenty of opportunity to get back in if the right news lands to generate that upward movement. Until then its probably downward movement (although not much).
Always makes me laugh when posters accuse someone of deramping deliberately so they can get in on the cheap thinking their negative comments really will make holders sell to drop the price.
These people never seem to acknowledge their ramping and blatant promotion of the share is an attempt to get people to buy which will increase the price. This is considered to be acceptable.
AIM is a Casino where MMs will play with the price all day long and the BODs will tell you how fantastically they are doing one minute and tell shareholders how valuable they are but then announce a discounted raise the very next day.
Everyone is entitled to their opinion whether it be good or bad.
Fun and games...
Intraday RNS's are usually good for a nice spike at the next days open. This is especially true when that intraday RNS happens on a Friday, because it gives the whole weekend for the news to spread.
Even better when that Friday RNS is so close to the bell. At 2pm it will have caught many people out who won't have heard about the deal before the close.
I read a very interesting post earlier about the five fold dilution that has taken place since this was 30p. The poster said maybe 8p could be a realistic target until more news is released (or until more deals are done?).
What are other people's views about a realistic target between now and the New Year?
Of course the MMs will spike it to draw in and entice buyers and then drop it at 8.05, but if it gets to 4.5p I'll be 60% up and would be happy with that - knowing it will probably fall back before the next leg up.
Of course another scenario is they release details of who the partnership is with and that might be the next leg up immediately.
I am fortunate to be able to do this mostly just for the thrill - but making a few quid on the side is nice (and this is much easier than knowing who the winner will be in the 3.15 at Kempton park!
Good Luck All !
I stand corrected on the 98% accuracy I mentioned for the home tests. Probably more like 85% based on recent evidence. The whole family got COVID in October and the kits lit up like xmas trees (confirmed by PCR in all cases).
BBC Article: "When the researchers used a new formula for calculating the rapid test's accuracy, they found LFTs were more than 80% effective at detecting any level of Covid-19 infection and likely to be more than 90% effective at detecting who is most infectious when they use the test."
See https://www.bbc.co.uk/news/health-58899612
Current LF tests will also detect Omicron (they cant distingush between variatnts but can detect the actual virus).
The tests we use at home come in boxes of 7 and are supplied by Sensus Group Limited. Herts but made by Zhejiang Orient Gene Biotech Co, Ltd in China.
I bought in here quite late (30p 29th Nov) because like many traders, I knew they would rocket when they got CE approval - regardless of whether they had any orders. Sold at 73p first thing Thursday after Wednesdays intra day RNS as I think they will drop back until they get some confirmed orders (I like intraday RNS's because you get a nice spike the next morning at 8am).
I know the detection rate for the Genedrive kit is higher than the home kits, but is that enough for their kits to replace lower rated kits? Maybe, depending on ther price. Maybe usefull at Airports when you need high accuracy quickly?
Nothing goes up in a straight line so bound to be a pull back, I still think this will float around 50p-60p until confirmed orders are announced.
Talking of Intraday RNS's - I can't wait for the open on Monday for Bidstack. Their 2pm Friday RNS will have caught many people out who won't have hard about that news until after the 4.30 bell. I got in at 2.8p 30 mins after the RNS so 45% up there already.
We have a cupboard full of COVID tests from when the children were testing twice weekly before they went to school. Give a result within 10 mins. They also detect the new Omicron variant. All made in China. 98% accurate.
In my last post about this company I did say they have a product that should be in demand, but depending on the cost will they get lots of orders when they are genuinely so many effective alternatives?
...If it sells think big. But don't invest without learning the lessons from the PCR; same story, 85% down.
They have a great product at a time when that great product should be in demand.
But.. only good confirmed demand and real orders will send this higher.
I'm retired now having made a fortune on GGP (15 bagger) and EUA (10 bagger) in 2020. I mentioned both of these stocks on this board when they were sub 5p, way before they rocketed (and I sold way before they halved).
I just remember so many people on this board giving me abuse when I said this company was not good investment. I backed this statement up with a lot of research which again, a lot of people rubbished. This research included peoples willingness to view concerts on VR headset's (not many), the company's inability to sign up decent artists, and the Spotify and Amazon competition effect.
And last year when 80% of the world's population were stuck at home and this company had a captive audience they couldn't arrange a wee up in a brewery.
If you search back far enough you will find all of this.
A few people agreed with me and I see below they still do (london).
But nothing from Kingofkeighley...
And now worth a third of one British penny.
I said I would come back and admit if I was wrong, or say "told you" if I wasn't.
Told you.
Regarding Omars post saying the 12 month highest share price rule for a takeover isn't set in stone.
This very much depends on the type of bid, and really does matter under certain conditions, especially regarding a hostile bid.
"When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained)".
Avon Directors could agree a share price of, for example, £15 to sell the company, but any hostile bid would have to follow the 12 month rule.
Nice 20% rise and I notice the deramping poster you_having_a_laugh hasn't been back today to tell us all how doomed we all are lol.
All stocks carry risk, but after a 51% fall on Friday and dropping from £46 last Dec to a tenner on Friday I think many agree that based on Avons other divisions, a tenner is a steal.