Member Info for HappyDays2U

The Market for it is small but there. I would say the main purchasers will be concerned Mums and Dads getting them for their 18 to 20 something daughters when they start getting into the going out clubbing scene.....we were all young once.

The Simply Abingdon site is currently too low in Google search lists, they should have just stuck with their main AbingdonHealth site as that already came on the first page of Google when searching 'covid test' but there you go.
I guess even Amazon etc were once low down on Google lists, all site start at the bottom and need to work up. There is not a mass of competition in this sector so hopefully it can work up the list fairly quickly.

I didn't see the ITV 2 program last night, I will get it on catch up later. Did anyone watch it and was there much on STC?

The opening of the RNS,

ABDX), a leading international developer and manufacturer of high quality, rapid diagnostic tests, announces its preliminary results for the year ended 30 June 2022.

So the RNS is about the period up until the 30th June, so no, they would / didn't mention anything that has happened after this date.

It’s the AGM in 3 weeks. With that we will get to hear about what has been happening since June, maybe what those positive Director share buys in September were all about, what their plans and strategy is to bring the company into positive cash flow this year…. I would suggest people make their minds up after hearing this information from the official source before concerning themselves with bed wetters from the internet.

It looks like covid will soon be left to rip through China? That's 1.4 billion nearly all previous uninfected people. Let's hope its not more deadly but one thing for sure, if this happens some new verients will be formed.. its not what I want but I think its the people who think covid will never cause us a problem again that need their heads checking not the other way around. These things don't just sale off into the sunset when it's convenient for us that they do so. It wants to survive and spread the same as any other living organism on this planet and will continue to find the way to do so.

I think there is a big difference between saying a new variant of C-19 could turn up and saying this is what you want to happen. I don’t recall anyone saying on here that they wish or want a new pandemic to kick off, this does not mean it won’t.
I don’t understand the logic behind no C-19 testing means no more mass testing? The diagnostics industry was here long before C-19 and is now growing massively! Doctors are humans so make mistakes, sending people to already overcrowded and overstretched hospitals for tests is very time consuming and expensive. The industry is setting itself to have a test for just about everything, nearly 100% accurate, cheap and can be done there and then at your GP’s or in your own home after a teleconference call with your GP….. of course there is still money in LFT’s, they are the future and the answer to making healthcare cheaper and clearing backlogs.

With covid, personally I think it's a matter of time before a more deadly, vaccine dodging verient turns up. It happens with flu so why not covid as well?
If it does, there will be many governments and none more so than ours put under massive criticism. You can sort of forgive them for not being properly prepared the first time around but you know, if this happens there will be a massive scrabble for tests and not enough to go around.
They will not want to close the economy again, furlough? Sorry broke now so no chance, so it will be down to testing to save ourselves and the economy... now if China want theirs for themselves where are ours and most of Europe's going to come from...no lessons have been learned because we can trust those trustworthy Chinese? Writing is on the wall IMHO.

There is always room Tuan, otherwise everything we all own would come from China.
More and more fucus on being carbon natural and ABDX fully automated systems. For European customers especially there is a market for ABDX for sure.

We are all free to think and say what we want, I said yesterday we know the results are bad, they told us that months ago. What we didn't and still don't know is what is happening now and what's lined up for the coming months/year. it was this second part that was giving hope and still is as its still unknown.

Pumpky, It would have been about £70k worth at the time, no ceremonial chicken feed. Its human nature not to throw money away on purpose. Even multi billionaires would not put 70k into something they know/are fairly sure will return less over time. Also if they think waiting a bit longer will mean a lower share price why would you not do that.?
...Well and just playing with a possible scenario here. Remembering Directors need to play to the 30 day rule.
You are in negotiations with one or more big clients, they have gone well, you have agreements in principle just some T’s & C’s before contracts can be signed and you are very confident you can meet those. You know this will send your SP flying, your SP is currently very low, so you want to purchase more shares. You know you need to do this well in advance to make sure foul play is not called on you.
You also know you need to release a bad set of results but buying after those results will risk not meeting the 30 day rule and/or look even more like bad foul play.
As with all new partnerships the CEO of the other firm says their bit in the announcement RNS “we are delighted to be working with ABDX blur, blur” so do you want that (that the other CEO will see) at the end of an RNS stating how much money you lost last year?
For me, plausible. Clear the decks, no holding back we had a really **** year. Few weeks later… and here’s the good bit.
It’s a scenario, yes maybe that contract they were really confident about in September didn’t happen or is now delayed, maybe they just bought more shares for the hell of it? But I do think, no matter how much money you have everyone would prefer £70,000 in your bank account than , what is now worth £50,000 of shares that are difficult for you to sell. Something drove them to do that and it wasn’t this set of bad results…. Still hope in my view.

I was not saying there was anything positive in that RNS Pumpky, just strange no mention of anything that has happened past June... Directors buying more Shares in September, so I think its fair to hope or even presume better things have been happening after June than what happened before it.??

A bad very uninspiring RNS no sugar-coating that one!
Although I would say so much so its intentional. My hope (and I can understand if others are losing theirs) is they didn’t want to mix good news up within bad news. It’s a sensible move if you do have good news to make sure its recognised as such and not lost in with bad stuff. I guess we all knew this was a bad period but to not mention anything about the present or future you can take two ways.
There is nothing much happing worth talking about.
They are saving this to talk about after the bad news has been cleared.
What has happened between June and now? We go back to those random Director buys. The next RNS is vital! as we need to know what the future holds, what are they currently working on, when will the next TT be completed, what relationships big or small (Avacta etc) are they building etc.
If the next RNS is not positive in these regards then its trouble, but I will be waiting until then…it will come before the AGM so within the next 3 weeks not long. Being told today bad news which we already knew was bad I’m not personally panicking yet… but the next RNS needs to bring some promise of the future.

Let's hope so!
At these prices you would say the market is not expecting good news which means, it only needs to be not bad, and this will be classed as good.
Anything actually good would be really good!

Wow sorry probably the strangest post I have written for some time...fingers crossed for the morning....get those lucky pants on in the morning all.

Indeed Zoom, those Director buys I think are giving us all a fair big dollop of hope here....why'o' why if you had a bad few months and the next few are not looking any better would you buy more shares, no one was calling for it, just at their own will.... it points to something, maybe not massively good but surely not bad?? We will soon find out.

Good luck all, I look forward to the chats tomorrow.

Its good we will finally get some news and something to talk about tomorrow then.
So, what are people expecting?
For me, I’m hoping the market has already priced in low turnover numbers, I will be pleasantly surprised if they have hit £1 million is this period, it will probably be lower. I think the figure that matters the most will be a cash burn calculation. If this has been brought under control (they were going through around 500k a month before) so it can keep them going well into next year and, there is some positive updates with the new tests and products they are developing then I’m taking that as an ok. Time to get tests completed that will improve cashflow so a solid looking future.
Cash burn meaning money could run out before product completion will not look good.
I just hope they commit to some dates (doubtful as they haven’t to date) and give us something to look forward to and bring a bit of excitement back. As said here many times, even a sniff of a good-sized deal and this will be off and running.

EMEA - Europe, Middle East and Africa so it just STC that will be focused on North America, this will always be the biggest market for this anyway, it will mean resources can be built up in just one location instead of several and they can focus on just their main clients and customers. Once successful I'm sure the focus will go into the European market next.

Sounds like a good move to me.
GB's big mistake as trying to do to much, to soon which was all way too expensive.
Scale back, get the finances sorted and yourselves in profit, then expand from there.
Its what is needed and this is now clearly the plan...I'm happy!

I can't see anything coming out of Vatic other than an outside chance of still being the chosen Manufacturing partner of the new owners. ABDX has already completed the TT which is a big advantage over starting from the beginning again, but first they need all the approvals and this is where I think the biggest problem is...but who knows.

I am expecting that ABDX will still produce a Flu test, either on their own or in partnership with Vatics new owners.

The BoD will have a forced hand soon to give us some news for the AGM so we will soon find out.

A bit early to start getting into panic mode.
Even without any new work/income they are fully funded until at least June 2023.
Plenty of time to get the 3 tests they are developing onto the market, finish the Deepverge tests x6 (still happening we presume) and have the app reader making revenue...these being the ones we know about, I'm sure there will be a new contract or few in that time as well.

We broke that Vatic was no more on here at the end of October, if the drop today is because of that, then it suggests some sort of Vatic success was priced in here which I think is ridiculous.

Vatic had so much promises but just fizzled out, the fact they hadn't updated any LinkedIn or Twitter accounts since Spring time made me slowly give up on that one, to getting to the no hope conclusion a couple of months ago.

As always there is still lots of hope here, just need to get a good and reliable client!
Maybe that will be Avacta again, this one is looking promising.
The app reader, we should get some more news on this, they have been working with a big Tech name (we think) and again this could turn into something big.
These are the main two for me but as with the 'European customer' that turned into another bad client and the Taiwan deal (still very much on) a good contract or two can come from anywhere at anytime...fingers crossed they are working on a few and we get a good run.

More shares bought than sold today and the SP dropped by 10%.
Can anyone explain that one?