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Hello All,
I am here and watching, and yes indeed I have been purchasing more shares today.
Fantastic news! And more confirmation this is company is heading one way, with many ducks all lined up very nicely.
I will post more later, just having a busy day.
Good Abingdon health to all and have a nice day:)
As always, great posts Muck.
There are ABDX fingers is many many pies now.
We can all imagine the SP reaction to news of FDA approvals and/or a large NHS contract to supply tests (maybe in the millions) of something manufactured by ABDX.
These are more than wild dreams, they are very likely to land in the near future... lots and lots to look forward to here.
Being this RNS basically confirms the company is in its best position since getting the Covid (let's not go there!) Government contract. Logic would say it should at least go above the previous 52 week Sp high of 16.5p.
Unfortunately logic and AIM shares are two words that seldom work together, but that is where this should be/go. Just over £10million Mcap and that's around the number we can expect ABDX turnover to be this year.... if that doesn't scream massively undervalued, I don't know what will?
It has always been a problem here. Some good news, SP price responds (naturally) but then mostly silence for several months after so the SP slowly slides back down as impatient investors get bored. With 29 projects on the go and more than 1 with pre-orders and delivery expected before July, its set up nicely this time for the good news to keep rolling, and with that the SP to have a nice solid consistent general trajectory up!
So we have this part to be more fully announced and look forward to within the next 3 months....
The Company's product revenue growth will be supported in H2 2024 with the launch of a number of retailer own label self-test products with purchase orders in place and being delivered in H2 2024.
All excellent news.
If they keep the current trajectory going, it's a matter of time before ABDX will be a large profit making company and the bigger fish will come looking to buy as all out... I'm hanging around for that moment as it would be in the £'s not penny's per share.
I note the latest job add for Production Operative roles at ABDX and this addition.
"Further down the line the shifts may change to days/afters rotation or regular evenings - we will discuss this with you"
It's currently a temp role but with what they say above it looks like they are prepping for things to get very busy as soon as that new contract is signed, regulatory approval is given, advertising campaign kicks off, new product completed ect.
They know things we don't yet, and the signs are positive, that they see a positive (near) future.
https://www.google.com/search?q=sand+hutton+jobs&sca_esv=31c11a842872212b&sxsrf=ACQVn09J7xM3eguLdzgERrtgdqqFiiO4fA%3A1710232915697&source=hp&ei=UxXwZdOCKN-rhbIPmdON4Ac&oq=sand+&gs_lp=EhFtb2JpbGUtZ3dzLXdpei1ocCIFc2FuZCAqAggAMgoQIxiABBiKBRgnMgoQABiABBiKBRhDMgoQABiABBiKBRhDMgoQABiABBiKBRhDMgoQABiABBiKBRhDMhAQABiABBiKBRhDGLEDGIMBMgoQABiABBiKBRhDMgoQABiABBiKBRhDSIgnUN8LWPwhcAJ4AJABAJgBwgGgAewGqgEDMS41uAEByAEA-AEBmAIIoAKWCKgCD8ICBxAjGOoCGCfCAg0QLhjHARjRAxjqAhgnwgIQEC4YgAQYigUYxwEY0QMYJ8ICCxAAGIAEGIoFGJECwgITEC4YgAQYigUYQxixAxjHARjRA8ICCxAuGIAEGLEDGIMBwgIOEC4YgAQYigUYkQIYsQPCAhQQLhiABBiKBRiRAhjHARivARiYBZgDH5IHBTIuNS4xoAfwMQ&sclient=mobile-gws-wiz-hp#fpstate=tldetail&htidocid=VamN8fbfm4qYQMbvAAAAAA%3D%3D&htiq=sand%20hutton%20jobs&htivrt=jobs
Roll on Thursday! I'm hoping we will get a little more than just figures but I'm looking forward to seeing more progress I'm sure (hope) towards the near term profit target.
Yes, a little disappointing in its lightness but no one can argue with over doubbleing revenues!
Don't ask me why but they have always done better in H2 to H1. They do, and have for some time have a great pipeline of products some of which will very likely be ready for launch in this H2 period. If they can keep doubling revenues that profit target for this year is very much in reach.
I'm looking forward to the update later and maybe some of the major share holders buying in today.... was the RNS light to give them that chance before the outlook for the year is announced?.... we can hope. Good luck all.
I'm putting my money on a RNS red dot in the morning, if not it will almost certainly be Thursday.
Last time we had good news here the SP went up around 50% starting the week before the news, meaning we had a fairly disappointing sell on news fall come the day it was officially released.
It looks like they have kept their cards close to their chest this time meaning (trusting a decent update) we should get the rise ON the news.
I'm feeling confident this will suparst and settle above the previous 15p high.
The AGM notification RNS is always a flat one.
You get a little excited flutter in the morning when you see the red RNS dot. Could it be that monster statement we have all been waiting for that will send the SP into orbit!.... followed by a Oh,,,, yes the AGM is due soon.
Yes indeed. It's all classic Broker / MM play. They do their best to drip feed in large buy orders as under the radar as possible so not to inflate the SP for the buyer(s). Easy with FTSE 100 stocks but there comes an end of that road with AIM ones when the SP has to move up, looks like we are there.
Yes, and with the whole sector growing very rapidly the SP should be in the £'s not low pence by 2033... a great incentive for those lucky management team members.
Interesting, I remember looking Melanie Ross up before and not being overly impressed with her experience.
Hopefully this is a strategic move to get one that is more experienced with running a BIG firm... someone that can handle all those hundreds of millions that will be coming through the door 😀
Let's not forget the SP finished at 9.8p 5 days ago, so it's still 15% up from then.
It's just the buy into news and selling on it pregrade that have given this news a strange SP picture. As said it is good news, all going as expected in a good positive direction and it is just a matter of time before this is truly reflected in the SP.
As previously pointed out on here, presentations usually come on the same day as RNS news. There is a presentation next Tuesday, maybe significant, maybe not but we could soon see another good rise.
They laboured the point a bit that the main shareholds are now free to buy more shares. Now that the results have been posted to the market their chains are off... I wonder if they will see now as a good point to top up?.. I'm going to presume they will be looking at percentage of the whole company terms not a few more thousand like us poor PI's.
You always get the sell on news folks which can make the SP do funny things in the first half to full hour after a 'good' RNS. The fact this is happening now and the SP is holding is promising.
All very positive, I'm very pleased, great job to all at ABDX.
Now we can look forward to what I'm sure will be a very upbeat presentation next week. I expect we will get more details on the many new products they will be bringing to market, some by the sounds of it , soon!
It's nearly always a red flag when companies delay their results, hopefully the opposite when they bring them forward!
A word on expectations, remember these results only go to June which is before Salistick launched. We will unfortunately not be getting any sales figures for that in this update (but maybe some clues) the numbers just need to be compared to the same period last year.
They said before it's the second half (now) of this year that they expected the turnover to materally increase so we will need to wait for the results up to December thus year to really see how Salistick is doing.
The whole market has been having a wobble for the last 2 days. A few panic sellers but I would say nothing to worry about... although totally agree! Some sort of update would be most welcome.