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Given the illiquidity of the stock the two big "sells" earlier had no effect on the sp and would therefore be a single "bed and" type transfer imo
Oh dear
I'm assuming (with good reason/no significant sells) that all major shareholders remain invested including those from the 7p placing. I know we crave news flow but they can't make it up and I for one never expected a Sino order within weeks. I hesitate to mention it but even TW (a very significant holder) who is prone to spouting silly short term targets (by Easter, by Summer etc) talks instead of developments taking place this YEAR ( "Anticipating revenue fast developing-related news flow over this year, our stance remains strong buy.").
It is frustrating of course but Sino and others are not going to be rushed; they will do what they want when they want and Concepta can only work patiently with them for the bigger prize. In the meantime of course the useless PR company need to learn that there's more to their contract than repeating RNS-able information!!
The Chairman has averaged UP at about £1 - a clear message that any profits people have made so far are just the start. The SOH interview suggests we could be heading to £3.75 in the medium term which gives you an idea depending on your investing timescales and income requirements.
The discount of 19% (not unusual) was on the 30 day average which didn't include enough of the recent days when it was higher. If it's any small consolation it's that it is for the developments and may be due to the pace required. I say that because Opti had a recent placing for that very reason, a partner was dictating a timescale and Opti needed the extra capital to increase the pace of development. Since then and when people appreciated the logic they've moved considerably in value. I'm hoping that when the dust settles here investors including new ones will have greater confidence in Avacta's ability to actually realise the potential that's obviously there. Wishfull thinking perhaps but that's what 'm banking on.
For clarity the fall has been caused this morning by a few very small sells, clearly not by ii's in the know. Obviously it would be helpful to small investors to have some reassurance that progress is being made.
When someone recommends others to sell I assume they will have followed their own advice spindok, nothing more. I'm as disappointed as anyone but do not try to influence others' decisions for whatever reason.
So, you're out then.
I agree Notperfect. This is exactly what I would have hoped for at this stage, a chairman appointed who is better suited to the commercialisation phase of a company (just as Optibiotix did not long ago). Now we just need to see the commercialisation speeded up, starting with upfront payments for the first Chinese orders from Sino.
I meant CPT of course (but the Opti chairman bought a bunch of shares RNSed today, so it was on my mind).
Indeed, but as it's several weeks now, and while we wait for the first 50% upfront order, a reminder of the synopsis from Opti:
“overheads are low, our product is unique and we have a substantial market with regulatory approval to sell into"
Remember it's 50% upfront on order and 50% on delivery, so revenue will build early and quickly once orders do start for this low cost minnow that has a great deal with a Chinese giant. The sp does not reflect any of this just the illiquidity of the share and tiny sells by the impatient; I'm sure the company is as frustrated as we are at that.