Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I’m going to take a stab in the dark here and say it is a consensual charge agreed by Abingdon over the ‘x’ (payment due) that effectively the DHSC can/will pay it but claim it back in the future should they have to by law or whatever
But seems it complicates any creditor agreements tho as the charge has first dibs
Look towards the bottom pages for confirmation letters
Whatever it is it is DHSCs favour and contains a ‘negative pledge’
Defined as
“The purpose of a negative pledge is to ensure that other creditors do not obtain a preferred claim over the assets of the debtor in the event of insolvency.”
That was my buy at 10,600 shares at 10.45 being shown as a sell for whatever little that’s worth
GLP judgement can’t be far off , but this being AIM there could be a sting in the tail who knows
One thing is for sure the MM don’t know either hence the low volume
Very quiet trading , I grabbed another 10k shares @ 9.89p
So long as you have the patience this share - IMO - comes good
To those with ODX history this feels different , Abingdon already have way more than ODX ever did on LFTs
Personally the summertime estimate for the GLP was more anecdotal than fact and was likely a quick chat with their counsel post trial , but I do think the next 4 weeks it will be resolved , just my experience of trying to guess deadlines is kind of pointless when it is out their hands
There is zero chance of a leak from the High Court , the recent £2.5M order didn’t even get leaked
Tipping point of recession everything in my watchlist is red, any sellers now must prefer or need to have it liquid
No material change in circumstances for Abingdon , just a poor market
IMO
I have my own theory that these sells are drip fed through to keep the price suppressed by entities unknown. There were rumours Abingdon and Omega were under some sort of short attack. Omega LFTs and Alva site ended up in Chinese hands. Make of that what you will.
Zoom is right , I can’t see another 6 months
Best case DHSC win the case and this releases the payment under the tentative agreement
Medium case they win the case a, GLP appeal and DHSC don’t pay until the appeal is heard
Worse case the DHSC lose the case and should pay ABDX, should being the operative word . Let’s say the don’t ask they obtuse and at that point Abingdon litigate (since the legal clause has been heard from the original contract) which will be detrimental to the long term SP.
IMO DYOR blah
Again the suppression of the SP is an art crafted by the MM and as I have stated before some influence by a rogue ‘investor’ with an agenda
For £15M today you could theoretically get 60% ROI back from creditors (DHSC) alone
Further £10-12M in infrastructure- 60% more ROI
Circa £10M on the order book - 60-70% more ROI
Add to that goodwill, intangible assets , TT transfers etc
Fair value for this company in my mind is £30-40M, I’m sure the directors would think so to
Not mentioning FDA and Vatic as it’s binary and either worthless or a new house !
Since Beg of April we have had
2 confirmed orders (Vatic & unnamed)
2 collabs/ agreements
The court case
Yet the SP remains static ..something will give soon , the prospects for this company are better on paper than ever
Patient hold for me
Another unsuccessful open offer
What kind of idiot pays above current sp for a placing share ?
IMO this completely changed sentiment
Lots of leaks and BS on AIM but this one just came out of nowhere and represents 20% of the MCAP at 8.00 but I bet it’s not that by 4.30pm
ABDX seem to have so much in the pipeline and no one nailed down
Presumably cash flow is sorted as well
For PI’s trades are dictated by how much money they have. I would love 100k of ABDX but not if I only have a grand to buy with. For me these are orders being filled.
I’m going to make a bold prediction that a buy is being worked through today and we end up marginally blue
See you at 4.30