The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I am happily accumulating at these levels.
If the market wasn't illogical there would be no chance to make money.
If i recall correctly, TRX's recent comprehensive presentation mentioned production capability of $50M/yr from completed phase 1 expansion project.
No idea what the larger phase 2 expansion would bring.
Weather looks very British
https://www.earthcam.com/usa/texas/sanantonio/?cam=sanantonio
Like others, i'm not too bothered about last year's results. I am also waiting for some forward looking guidance on recent sales and whether we are using the extra clean rooms presently and at what capacity they are running at, which i hope will be expanded upon at the investor's meeting.
I hope TRX announce an uptick in demand along the lines of what Moodys are reporting.
https://www.medtechdive.com/news/moodys-predicts-brisk-pace-of-medtech-deals/598860/
Fundamentals are imo great here for a long term play.
Expansion already half built and extra capacity operational.
Huge pent up demand for TRX's products. 4.7 Million people in the U.K awaiting elective surgery. I don't know the numbers in the U.S but i would imagine demand for TRX's products to grow year on year, even in this climate.
I find it interesting that the "holdings in company" RNS sales are under 1%. Maybe the sales are to new Institutes/funds.
Ibiza, how do you know Lombard are offloading a lot of shares?
They sold 77Million at 0.77p but in my opinion they were sold to another Institutional investor.
MMs were caught off guard during the recent rise. They have since been hoovering up shares during this drop while keeping the spread purposefully wide to stop buybacks.
In my opinion ready for the next larger leg upwards.
Now the first stage of cleanroom expansion is complete and there are additional cleanrooms available for production I feel there will be more contract announcements very soon.
I imagine previously, before the manufacturing expansion, they had to turn away new contracts as they were already selling all their available capacity.
I estimate approx 6 times revenue according to the number of additional clean room being built.
For a more detailed explanation read the in depth posts here and the reddit link posted earlier.
The trading update and recent video with the CEO will gives you some further clues.
Many people are envisioning the recommencement of elective surgery soon.
There will be huge pent up demand for TRX's products and by the end of the year it looks like they will be producing and potentially selling 6 times the amount presently.
It is hugely undervalued