Member Info for HappyDays2U

I feel like something is definitly brewing with BioSURE.
Still sold out and their website is now down for "mantinance work."
I called them yesterday to enquire when their test (Antibody) will be available again. A busy sounding lady answered with the background noise of busy sounding people. She sounded a little thrown by my question, took my details and said someone will get back to me soon. I will let you know what they say when they do.

I agree his situation could work well for us.
He badly, badly needs some good news to get voters and at this moment in time, more importantly his own MP's back on side.
Very good way to do that is get back to basics, his manifesto. Two headlines of that being.

Support British Business
Level up the North

Abingdon, a Northan powerhouse would tick all the boxes right now. Sand Hutton also has a Tory MP.

Yes, completely different case. Tests are not classed as PPE...thats masks and stuff.

Don't think so, I thought it was in May?
I stand to be corrected. What makes you think its today?

Legend has it they are MM codes to each other.
Their is some truth in that but I would personally take what signal is given to each number with a very large pinch of salt.

http://www.pennystockdream.com/Market-Maker-Signals

To be honest I'm not sure what to make of this. It's been sold out for at least a week now.

For any new members we have an exclusive manufacturing agreement to produce this test (Antibody) and its got Home use Approal.

So pessimistic thinking. Some sort of supply chain issue is slowing or stopped us manufacturing.

Optimistic thinking. A large (goverment?) order is being worked on so they have suspended individual sales?

Something the Trading Update will answer.

Yes, yesterday's drop was way overdone and the market is seeing it.
ABDX is no start up. They have been a successful business for 13 years and are definitely not reliant on a single test / client.
Money in the bank, highly qualified personnel, machinery and equipment all paid for and in place.
We have been battered like a company going out of business which couldn't be further from the truth.

Gosie,
Last year ABDX released a TU on the 26th Jan.
I think it's fair to exspect one (to any ex or existing Avacta investor a term that makes you shudder)...."within the next few weeks".

This is a good article if your interested. It doesn't actually cover testing but gives a good description of what is to come.

https://www.nature.com/articles/d41586-022-00057-y

Just thought I would give my thoughts on testing in future.
Obviously there are many different scenarios depending on the severity of the next variant, but lets focus on the best one, the next variant is mild.
Back to near normal for the summer. I’m sure there will still be a need to do a test for international travel and some other settings but not the mass testing we see today. However fast forward to October time. We may (best scenario) no longer be massively concerned about mortality rates but staff sickness will still be a major problem for ALL businesses and organisations / the economy.
You just need one, perhaps asymptomatic person to walk into the office / site and you can suddenly have an entire team / department off work for a week, for smaller firms it may mean practically the entire firm. This brings the potential to miss that deadline, lose customers, reputation, not win that contract etc i.e big costs!
I think for the majority of firms it will be a no brainer to spend the relatively small (compared to potential costs of lost income) amount of money on getting good tests, that your employees take regularly during the winter months as a minimum.
Another way may be to give everyone a chance to take an Antibody test around Autumn time to give you (Boss) an idea on how big / likely problem you may have coming in Winter.
As I say, I see this as best-case scenario. The worse, is the next variant is more severe and we stick with mass free government supplied testing for all.
Either way, Covid is here to stay, it will always be more contagious than Flu, we will always get peaks at winter time and it will always have the ability to mutate at anytime and keep are large number of people off work. For these reasons I can’t see a world where testing (and lots and lots of them) are not needed for many more years yet.

He brought more shares in December to add to his already large holding. He owns over 12 million shares that have dropped 6.2p....maths makes it a £760 loss. On paper only of course.

Also, one last note before I get a bit (drinking responsibly of course!) drunk.
If you think you had a bad day, Chis Hand our CEO lost £760k today.
He will want to do something about that and I'm sure he will.

Well what a rubbish day!. For those who have got fed up with my positivity I will give you some balance.
Nothing really matters as one day we will all be dead! There, hopefully that satisfactory for all the glass half empty folks.

Tomorrow is a new day. Personally I think we must surly now be confirmed as the biggest bargain on AIM and this will start to be picked up by anyone who does a bit of homework.
Good day to have a beer and your favourite dinner. Its bad days that make the good day good.
All the best.

GLR, all fair points, I like all holders I'm sure share your frustration.
A point to note though, is this is Avacta's test and decision to hold the sales. We...no sorry Abingdon have done what their Client (Avacta) asked them to do. Complete the TT to the specifications given by them. We would have provided them with X amount (I exspect a fairly large number) of test as the initial order per their contract request. As another poster pointed out earlier (sorry forgotten who) Avacta must surly need to pay us for those tests, it's their decision not to sell them.
ABDX haven't actually done anything wrong. We are just being dragged down by Avacta bad news.
People asking why TT was not announced earlier, part fair point but part TT's do not bring money through the books so technically they aren't market sensitive. If they announced the TT (thus giving the impression they are manufacturering in mass) around placement time and then this news came out surly everyone would be even more annoyed. I think they were put between a rock and a hard place and ultimately did the right thing.

Well BD, a man of such high nobleness and experience would surly know a thing or two about business.
But to interest you good Sir I will be delighted to answer your question.
ABINGDON HEALTH (will do my best to not use the ‘We’ to identify the company we shareholders collectively own, thus making it ‘Our’ company) have been making LFT since 2008. Looking at the accounts in Company House they have made good profits on the vast majority of these 13 years.
ABINGDON HEALTH, have recently invested £8.9 million in new machinery and automated systems.
They over doubled their turnover last year, would have made a good profit had our government paid its bill. We are owed over £8 million which is money that by law we will get at some point.
We have over £6 million in the bank.
We make many different test for many different things. Avacta, is just one of them.
There is growing calls to use Antibody tests more widely in future which is something ABINGDON HEALTH could do very, very well with.
Maybe not free government test forever, but Covid testing (travel, healthcare etc) will still mean millions of good test will be needed each week for many more years to come.
So yeah, because one of ABINGDON HEALTH clients test has been delayed a month or two I can’t see how this would bring a world leading LFT producer and manufacturer with money in the bank to its knees. LFT’s have just had the best global advert possible and ABINGDON HEALTH are in a very good position to profit from it.

LOL, 'we' the shareholders who part own the company! It's perfectly appropriate language and easier to write than Abingdon.....child!

Worth noting that ABDX released a Trading Update on the 26th Jan last year. I will presume this will be the next RNS we get.
Been recruiting production personnel so very hopeful the update will show business is doing much better than the market is currently thinking.

I will not lower my standards and reply to such ridiculous messages after this one.
People are disappointed, me too at the delay. Let's get real that is all it is, a delay with one product that is not our fult, clients decision to hold sales.
The kids on here that don't have the mental maturity to handle waiting and need someone to blame that is not themselves can blame me if it makes you feel better.
I for one still think LFT's have a common place in the worlds future and this company will do very well. I make no apologies for stating why I think that on here, please do filter me if you don't like it or have such lack in your own ability to make up your own mind that you may let anything I say change it.
I'm sure those over 25 will not need it, but for clarification I don't work for Abingdon.

Trader90 behave! We are basically a scientific factory. We made tests and profit before covid 19, we still make those test. We are making and selling the BioSure antibody home test in such numbers is been sold out. We will have the best Antigen covid test in the market, on the market within the next 10 weeks or so, the Avacta test will also come just in a longer time than expected.
We have millions in the bank and you want people to think we are some oil exploration company that hit a duster?
Nothing wrong with any fundamentals, one of several products is being delayed, the drop is being well overdone (much worse news for AVCT than us yet gone down the same)
We are now valued at lower than asset value, we are in no financial difficulty.

We will get a hit first thing but considering we are already only valued in and around asset value we can't go down massively.
We did our bit getting the TT done on schedule. Avacta's product is only one of several We make / are working on and we are clearly making tests at the moment for someone. Personally I'm ready for a top up opportunity should the market over react today.