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One person sold £10k worth of shares... I would hardly class that as a 'massive sell off'.
A bit of news will get this going again and I have a positive feeling we will not need to wait too long....but what do I know.
You know I like to keep an eye on this.
They still have the opening for several Production personnel and one for a Technical Transfer Scientist which are all definitely at Abingdon.
This one, I'm not sure about.. its with a different agency than they usually use so maybe not, but the description sounds ABDX like.
What is interesting with this one (if it is indeed at Abingdon) is its shift work, shift from 6am to 10pm ..... are they so busy they need those manufacturing mechanics working day and night to keep up with demand? .... we can but hope so.
https://www.google.com/search?q=sand+hutton+jobs&source=hp&ei=IBawZKOdHpOakdUP8qur4AU&oq=&gs_lcp=ChFtb2JpbGUtZ3dzLXdpei1ocBABGAEyBwgpEIoFEEMyAggpMgsIKRCvARDHARCABDIQCC4QAxCPARDqAhCMAxDlAjIQCAAQAxCPARDqAhCMAxDlAjIQCAAQAxCPARDqAhCMAxDlAjIQCAAQAxCPARDqAhCMAxDlAjIQCAAQAxCPARDqAhCMAxDlAjIQCC4QAxCPARDqAhCMAxDlAjIQCC4QAxCPARDqAhCMAxDlAjIQCAAQAxCPARDqAhCMAxDlAjIQCC4QAxCPARDqAhCMAxDlAjIQCAAQAxCPARDqAhCMAxDlAjIQCAAQAxCPARDqAhCMAxDlAjIQCAAQAxCPARDqAhCMAxDlAjIQCAAQAxCPARDqAhCMAxDlAjIQCAAQAxCPARDqAhCMAxDlAjIQCAAQAxCPARDqAhCMAxDlAlAAWABghg5oAXAAeACAAQCIAQCSAQCYAQCwARI&sclient=mobile-gws-wiz-hp#fpstate=tldetail&htidocid=S-ZqF7S_Mv4AAAAAAAAAAA%3D%3D&htiq=sand%20hutton%20jobs&htivrt=jobs
I will reply to my own post for clarity.
Its either a completely random number (below what any sane person would do an actual trade for) that is purely there to confirm what they (the individual MM's) think the Bid / Ask should be 'collectively' be set at, from what I see (generally), this is actually all it is?..with some sort of 'code' number agreement to do, or not do what the one that set if all off suggests....
However, it is usually very random numbers to keep as all guessing and having these sort of conversations/ link I posted the other day with all sort ot theories to what does it all means....
Howevever, as said already. What is unusual, for sure is so many (usally) random number being 1
Hey Muck (my most trusted and worth while reading and responding to poster)
Don't feel bad, I also appreciate Saintsmith's post as I also did the same as you (probably) and struggled...anyway that's that one sorted.
Your other point for me is well worth discussing/ peoples opinions.
Mine - for what it is worth.... if you study individual trades on any share there are regular small ones (that value is much less than the broker fee to buy the value of the assets....not even the biggest village idiot!..in the world would spend £12 to buy 60p of shares...then also knowing they have to spend the same again to sell them) so... its a MM trade (no fees applied) for sure...so why? The logical guess, a number code?
I posted a few days ago a link to the 'meaning' and my own personal take on it all ..but what is wired and you have picked up on is the strange amount of '1' share trades. They get mixed in with all the other random (small) numbers for sure...but regular, constant ones for days in a row is for sure unusual and strange...no idea what the answer is but I too would be interested in others thoughts.
Interesting header to post on a day the SP is heading upwards?
Also, interesting to hear the SP could go up or down... Great posts guys!
ALL shares go up and down. Personally, a few down days don't panic me, but I appreciate that's because I'm a long-term investor who doesn't need the money now. If you want a quicky and move onto the next thing then yeah, bad, but long term everything inside ABDX appears to be going well and heading upwards....the SP (over time) will naturally do the same.
A little reminder the Loop presentation starts in 5 minutes about their sepsis test progression (maybe significant starting right on market close time?)
ABDX are involved in some way but we don't yet know if that's in a big (manufacturing) way or just did some side work on it?
I'm not holding my breath but a chance we get another RNS tomorrow to confirm ABDX involvement?.... If it happens, I would almost feel sorry for those that sold today......actually naaaarrr :)
Well noted Bill, I must say todays RNS took me by surprise as Mid August TU looked very likely again.
Maybe no reason to release earlier than usual at all , other than more organized this year, but it could also be tactical, highlight where they are right now so they look even better come the next update.... I can't personally see more director buys but who knows?
The bit in the RNS that makes me curious is this part....
Revenue for H2, at £2.9m, expected to be more than 2.5x that of H1 (£1.1m), with the increase coming from 'SEVERAL' new projects commencing from late H1 2023.
Well we (the market) have only been told about 1 (Salistick) which suggests news on the others (had this debate before, what is classed as several?... well at least 3 things for me so....) at least two growing revenue streams still to come?
Wyndrum, to me there is a clear difference between a trader and an investor. I think this through my own personal investing journey.
I started in my late 20’s with a £30k pot. For sure, back then I was a ‘Trader’. Basically, looking for where and when the next RNS of many companies would come from hoping to make a quick buck and get rich quick. I started pretty good, made 40% 20%, 15% here, lost some there. It was only at the end of the year I worked out I had spent nearly £3K on broker fees I realised even making a decent 10% was only covering my fees.
Anyway, cut a long story short, over the next 20 years made a mini fortune, lost a fortune, made some back, lost most back again, made it all back, and more!,,,, then lost most of it., so now 25 years on… I have learnt ‘Investing’ is much less stress, cheaper and more fun and (hopefully) more (long term) profitable. Pick a firm or 3/4/5 that you believe in and research into them / the industry a lot and stick with them until a time you need / want the money or you start thinking they are getting overvalued.
I would say if you do more than 10 trades a year, and / or owning shares in a firm for longer then 6 months is a long time for you, if you also sell shares in a company on the day they announce they have been doubling revenue then you are a trader sort, if the opposite to all that, you are an investor sort… you can, of course be a bit of both. I’m not saying there is a right or wrong, just personal preference, experience, and circumstances to all.
It’s a Traders vs Investors situation today.
The traders are doing their thing, sell on news and all that but I am expecting the Investors will start to move in now and over the next few trading sessions.
Investing can be complex, but the fundamental is very simple. Find a company in a growing sector with a solid foundation that has a business plan that you either think will work or, in this case you can see clear evidence is! working. Revenue is increasing rapidly and the BoD are saying they expect that trajectory to continue, no cash raising necessary cash in bank and profit making is around the corner… When that happens (doubling revenue growth consistently), the SP of that company will naturally do the same, therefore, a solid and safe (as they can be on AIM) investment. Once this RNS is a bit more well known to investors I expect they will want in.
I will add to Brighty's post that its been clear over the last few trading sessions that the MM's were trying to encourage some selling and hardly anyone did, I think their share pots are low so... trusting, there will be some large buying pressure today its could really fly. I'm looking forward to the ride.
Fantastic RNS, well done everyone at Abingdon.
Muck, you have to go down as the most researched and well respected posters I have ever come across on LSE…..ever! Thank you for sharing all of your great work with us.
So, lots of ‘ifs’ but one is allowed a little bit of speculating on these BB’s from time to time.
‘If’..The results / progress from the Loop Sepsis test all looks good (find out tomorrow). This is a world first test that will be a lot cheaper, quicker, and easier to use than the current health care systems methods. 30 million people get Sepsis each year (many more would have suspected Sepsis i.e. would be tested and come out negative) so it’s a test that could and should be a no brianer sell in the multiple millions each year.
‘If’ then, ABDX was to announce that they are the chosen (perhaps that word exclusive) manufacturer of this test (a chance Friday)… well… that would be a very big day here.
Urban myth has the 1 code as the MM's signaling to each other to let it rip (up) or if you go by this its them saying they need shares...
https://otc.financial/list-of-market-maker-signals/
It has come true before but then it also hasn't. It's too inconsistent for me, hence why I personally say myth, but many go with it.
I do, however, buy into that the small trades are MM's codes of some sort, basically signalling if they collectively agree to move up or down, or they have wind of something about to happen... ye old 911 signal. Unfortunately I think the MM's are smart enough not to keep the signals the same so you need to be a MM to know what they truly mean???
All good. I'm expecting another up day tomorrow with the MM's coming under increased pressure to find the price people will start being tempted into selling (not me thats for sure)..its very much a Bull share at the moment IMO.
And there it is! Bid and Ask up as people buying @ 11p and no one selling blow 10.5p.... this going to 8p.. no chance!
'if 'the chart flows its current trajectory we will see a steady rise for the rest of the week....heres hoping.
Well stick to that line if you like… the problem is for you though is that no one is selling below 10.5p where people are still buying above it. So It looks to me there is clear support at this level, therfore if the buying continues the MM’s have to put the Bid up to get sellers back into the mix…. As I said yesterday, lets wait to the end of the week to see who is more right than wrong.
and on the side to this (just what I was pointing out below) 'If' a good RNS was to land you defo have no chance of ever seeing 8p again...just saying.
We should remember, we have only been informed about the Salistick… news. ABDX are working on 11 projects so news / updates still to come on the other 10 which could happen at any time.
I think some will be long term projects so we might not hear anything on them this year, but I’m confident others will be coming to fruition in the midterm. I’m looking forward to the next few RNS statements… The ‘significantly higher revenue in H2’ statement, well H2 started a few days ago… what, other than salistick is bringing in those extra bucks ABDX?
Another great find Muck, so that's this Thursday! Hopefully it will come with an RNS here..they still haven't officially told the Market about that partnership yet so 'if' they choose to do it Thursday we can expect a good day I think.
ok there is some cheap made in china ****e out there, as with all products.
however what i bank on is my own personal experience (3 kids so done the testing experience 3, actually 4 (one miscarriage) times) and the 'average' women does not think "i might be pregnant" go online and buy 50 wholesale tests, something as important as being pregnant or not also makes them dubious of too cheap tests....they will generally pop straight to a superdrug, boots or chemist and pick a test up there and then.
this also highlights the big profit margins abdx must be making.... in 400 superdrug stores, what, an average of 100 tests in each store = 40,000 initial order, £2/3/4? profit per test?.. tidy profit getting banked!
OK good luck with that... I see in or around 13p by end of week...let's see who gets closest.