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Well you certainly get your moneys worth as a BRH Holder.
Nobody who posts on the BB has anymore knowledge than anyone else and as I have said before if your making investment decisions based on some of the fantasy written on here and other shares you really need to give your head a wobble.
I was interested in part of Carl's tweet
I don’t think it’s productive to infer motives based on profoundly limited information.
And there you have it in a nutshell. We have no idea why the CEO sold, no idea why James Sharpe sold but I also agree it raises lots of questions. Fundamentals remain the same today as they were yesterday and as I like Carl don't like to infer motives bases on limited information happy to sit on my hands and see what happens BUT this is not advice and although it suits me it might not suit others as we all have different circumstances and of course bought in at different levels.
Good luck to all in your investments and as always DYOR
@StarKnight I guess the honest answer is I have no idea when it comes to Medical Devices as we only work with brands in the Consumer Electronics space all I can say is we aren't finding the process any different to getting CE. Bear in mind that a lot countries (outside the EU) have their own mark. For example in Russia you need EAC. We tend to use agencies who cover all marks so you submit the product to the agency, list all the marks you are looking for and they carry out the process to obtain the necessary certificates.
Medical however I don't have experience in but would assume the same would apply in principle.
With regards to the UKCA and CE. They are pretty much the same in terms of process. I am currently in the process of adding UKCA to literally 100's of lines of Consumer Electronics products for clients who until now have been selling in the UK under the CE mark. It's merely a paper exercise as all the criteria asked for under UKCA is the same as you need to obtain a CE mark. The only difference now is when you put a product through for compliance you as for both marks so should cause not issues or delays.
It is correct that current products in the market can continue to be sold in the UK until 2023 but any new product which of course this one is will need to have UKCA on launch as it was not available for sale in the UK market before December 31st 2020.
As I say this is not such a big deal and just an extra check box to ensure compliance in both the UK and EU.
I have to agree even as a LTH this is incompetent at best and will send out the wrong signals. Hopefully we will not see a major drop today but I would not be surprised if we did.
The new CFO cannot start soon enough and quite frankly the BOD should be very embarrassed having to make this RNS today.
Good luck to all LTH's.
I don't visit or post so much these days partly because I find the board has so much noise it's difficult at times to actually wade through the chaff to find the wheat.
My own thoughts for what it's worth. I posted while the share was in suspension that I feared without a positive RNS upon relisting we might see a dramatic drop and was of course pleasantly surprised when we didn't however as the weeks have ticked on and we haven't seen the positive news a lot of people expected or that that news has not been communicated concisely and clearly your seeing a lot of PI's just losing patience and selling. They are selling not in my view that they don't believe in the model but for two reasons. Firstly they feel that their hard earned cash could earn them more if they invested in other stocks and they believe this is such a slow burner they can simply come back in at a later date at a lower cost. Are they right or wrong well time will tell.
I am absolutely delighted to see a CFO come onboard but the BOD really need to consider hiring someone who is better versed in delivering information to the markets and stock holders clearly, concisely and on a regular basis. An RNS that can be misconstrued, a random tweet or the odd interview with AZ is really not good enough to instil confidence for LTH's. This is a pivotal role in any growing company as a misconstrued communication can cause untold damage to the stock price.
On a positive have the fundamentals you invested in changed ? If you believe they have and you don't have faith it can be recovered or you no longer have faith in the BOD then you really have a choice to make. Personally I don't believe they have changed only that through over promising and under delivering some doubt has entered into peoples minds which could and should have been corrected by good PR coming out of Syme but alas it has not.
I continue to hold and continue to believe in the project long term. If I was a full time trader or smarter yes I probably would be selling on the highs and buying on the dips that's how these guys make money so I would urge you all to do your own research and not listen to random people on a BB especially those over ramping or severe de ramping. Lots of great information online just take time and make decisions based on what you think and by all means take note of the sensible posters and follow up any research they point out but make your own choices.
As always good luck to all with all your investments and fingers crossed as the weeks pass we will see some positive news arrive which well send the price back upwards.
Still believe this will come good and still view this as a long term project.
I think after days like today it's often a good time to ask if the fundamentals have changed.
Personally for me they have not. The test the team have come up with is ground breaking not only for Covid but for all the other associated diseases they are looking to use the Tech on. I think way too many people are having a bit of tunnel vision and not looking beyond Covid when in fact it also has large markets in other areas.
Yes it's not fully certified yet and Yes they don't have any large scale manufacturing partners yet but they are far further along that path than they were even a week ago so progress is being made.
Then you move to the other BRH investments which if you visit the site and do some research also look as though they will offer good returns. (it's well worth checking this out as part of your research)
Then of course we have the noise about what an awful chap our MD/CEO is and how in the background he will be working out way in which to make more money at the expense of shareholders but this makes no sense at all and his past record in terms of BRH shareholders would indicate the opposite. (I am aware of his actions with other companies but not sure that has a bearing on his direction of BRH)
If you do your own research, are happy that the fundamentals are strong and that this is good investment and you can afford to then you ride it out and see where it takes you. If you don't believe it's a good investment and the fundamentals have changed or have weakened then you sell and move on.
What I find astonishing and not just on this chatboard but across all shares is how many people who have no investment simply post so much rubbish (interestingly enough if you just click on their names you can view the posts they have left for other shares and more often or not you will see a pattern) I.E. I will buy back in at 10p, I sold out at 1.20p as Trevor is going to shaft you, really if you think any sensible investor needs this valuable information you are more deluded or lonely than I give you credit for.
As always do your own research, on posts on a chat board learn to separate the wheat from the chaff and good luck in all your investments.
I have no idea if this is relevant in terms of the share price but I listened to a piece last week on one of the business podcasts where they said that a lot of investment companies were selling shares to purchase bonds before the financial year end. Apparently they need to hold a certain percentage of bonds and a certain percentage of shares in their portfolio as outlined to investors at the financial year end and many of these funds were overbalanced on stocks v bonds which had led to a rush to buy bonds.
They believed that this had driven down the price of certain stocks and that their would be a rebalance as we started the new financial year.
As I say I have no idea if this has had an effect here but thought it was an interesting article.
As many posters far more knowledgeable than I keep pointing out the fundamentals here have not changed one bit during this decline and I have to say I am more than happy to sit and wait for developments.
As always do your own research and good luck to all in your investments.
You could be right trytobuy but not sure much more funding would be required as most costs are in proving concept/ R & D. which they appear to have done. Subsequent costs such as CE certification, test certificates for each country are relatively inexpensive in the scheme of things.
That's on the basis I don't believe they would be foolish enough to try to become a manufacturing company so license of the tech is more likely and with very little further costs involved other than legal.
Not unusual if they take this route that their is an initial fee paid upon completion of contracts and then subsequently a license fee is paid on each product sold in the market with the company picking up a royalty/license fee cheque on a quarterly basis. (the size of the fee is dependent on the size of the license fee i.e. some companies prefer to spread risk and take a higher license fee and lower placement fee or if they are super confident they may offer a higher placement fee but a much lower license fee if that makes sense)
So you may find a smaller revenue stream more quickly than we think followed of course by much more moving forward.
As always do your own research and don't make decisions based solely on opinions on a BB
Good luck to all with your investments
I agree Newbie. I really can't see them wanting to turn themselves into a manufacturing company or even have someone make it for them on their behalf as it would be way too expensive. License/sell to a major would seem the most obvious route.
Someone may have already said this but with so many posts here difficult to wade through the nonsense and find the sensible.
Lot's of chatter about nothing will happen for months if at all, next news will be bad news, plenty of time to invest when this drops etc.etc.
Just another scenario to consider. The BOD are probably working away in the background to set up a license agreement with a manufacturer as there is no way they will be doing it themselves. What's to say we don't have an RNS announcing a new license agreement worth £xxxxxx and a special dividend of £xxxx is going to be paid to all current shareholders. This dividend is only for holders of shares today and will not apply to any new purchase of shares moving forward.
Would be a bit late then to be buying in and I believe this has happened in the past .........
As always do your own research and don't make decisions based on BB's
Also remember BRH don't just have one investment but several visit the website do some reading.
This is not just a Covid test so although timelines are important not critical for the other uses of this test i.e. Sepsis etc.
Good luck to all in their investments. ATB
Do your own research and
Thought it was a really good interview, more so as I think it clearly indicated this is not just a test for Covid which I think sometimes get's lost in all the noise about Covid testing. That really does open it up to a much wider sales channel in that it can be used/adapted for other testing.
Will be interesting to see how things develop but my own view is despite some posts on here the last week or so is they will not look to raise any funds for manufacturing. They are not a manufacturing company and won't have any appetite to become one.
I also think for long term return licensing the technology would give better long term return as opposed to a straight sale of the Technology. I think it's highly unlikely they will sell Paraytec in full as they are also working all other projects which might give further returns down the track.
That being said however I believe the BOD will take the route of least resistance and give the maximum return but either way I think we should see a good return on investment whichever road they decide to take.
As always do your own research and don't make decisions simply based on individuals opinions on the BB.
My last comment on this one but can all genuine investors remember
This is not just a Covid test and can be applied over many testing processes including Sepsis.
Covid and it's variant's are not going away anytime soon globally. I hope however we will see normality return in the summer to some degree but this is going to be with us a while.
BRH do not just have investments in this test if in doubt visit the website and take a view on the value of the overall portfolio.
Finally if your making decisions either to buy or sell on the basis of posts on a BB then you need to give your head a wobble and do your own research and make your own decisions.
Good luck to all in their investments.
Anyone invested in BRH who thought that their was going to be an RNS this morning saying this would be in full production by the end of the week is deluded and many are jumping on this point as a major negative as it won't be available to purchase online by the weekend.
This is exactly the news we were hoping for. The test has proved a success and very quick in producing a result. Those who think Covid is not going to be with us for a number of years in various forms need only watch the news this morning to find another variant is already loose in the UK. This unfortunately is with us for the long haul.
Also please make sure you read this section of the RNS
With this knowledge, the platform will be developed to test for new viruses and variants of COVID-19. Importantly, the Paraytec team is also exploring its use for rapid detection and identification of bacterial and viral pathogens present in patients with sepsis, a global killer of over 11 million people per year.
This is not a one trick pony test and can be adapted and used to test for other disease and quickly.
So as always do your own research etc. etc. but this breakthrough is fantastic and I have no idea how the market will react in the short term but if we can get to production in 6 months with global approval then this is major news. I am sure conversations are already taking place with major Pharma to look to license this tech.
As always only my own thoughts
https://www.bbc.co.uk/news/uk-56019995
Interesting article on the BBC this morning where a scientist believes we could be dealing with variants of Covid for the next 10 years. That is a scary thought really and not one that I wanted to read however it does highlight that testing and quick testing is going to be sought after for some years to come.
I think their are a lot of day traders buying in and out of this share and a few others which is why we are seeing volatility. I think as words spreads about this opportunity and more LTH's buy in we will see some more stability.
I agree with you this is one to hold and has some really good upside. Only of course my own opinion etc.
@bigmac. I can't answer why other people are here.
Taking a short position on a stock or not holding a stock but having a view is allowed. You don't have to like it and of course your perfectly within your right to make your point so the rest of the board can understand your point of view about posts and the validity of them.
Both the posters you have referred to post on numerous stocks on these BB's which can be checked by anybody reading their posts and you can read through them and get a balanced view on the quality of the input they provide across multiple shares. It's very easy to spot trolls or indeed those who simply berate and belittle every stock.
My point is agree or disagree either make a valid response without abuse, report if you feel it is necessary, use the filter but I would just ask we don't lower ourselves to threats and abuse.
These boards can be super informative and useful but if they are drowned out by noise they are not much help to anybody.
I would also suggest that if an investor can be swayed by the thoughts, musings or rantings of somebody who post's on a BB they really need to take another look at their investment strategy. Do your own research both on the share but also the people posting about it.
Some fantastic research and information on the board the past week so thanks to all who have taken the time to post.
I spent time going through the BRH website before I invested but some of the detail provided the last few days has made me even more positive about this investment.
Have a great weekend everybody and hopefully an exciting week ahead.
@Holly. It's actually a worry as an investor when I see the board filled with abusive comments simply because potential investors in Syme might visit the board to do research and not sure I would be that impressed by a lot of the content.
Certainly people come on the boards to ramp and some come on to do the opposite. I also believe their are a few who simply have nothing better to do than troll message boards however if you are an investor you really need to either rise above it or ignore don't feed the flames. (as I think you know Holly we saw some terrible behaviour on the GGP board a few weeks ago when the shares dipped)
As I have said before on here the current situation is a coin flip and we can all have an opinion and only time will tell who is right.
Of course as a LTH hoping to make some money I hope it's a positive outcome and keeping the faith it will be, then again when the stock is suspended all we can do is sit on our hands and wait but as we do we could at least behave in an appropriate manner.
As my mother told me if you don't have anything nice to say then don't say anything.
@Midas. Might be worth you visiting at least the BRH website and looking at the portfolio of products that they are invested in and you will see it's not just a single product or a company.
With Paraytec, yes the test is very exciting and could be huge but you would also find their is a lot more to this test and to other projects the company are working on. Oh I did I mention BRH own 100 percent of the shares issued in Paraytec.
I do take your point about not investing all your funds in one share etc.etc. but don't believe this is a punt at the current share price when balanced against the portfolio of investments.
As always do your own research.
@Angusscott I agree in fact I would actually prefer to see the trading suspended until after at least one more positive RNS if not a couple. No matter the reasons why the suspension came about a lot of PI's will have got spooked by the experience and I suspect a few will be waiting for trading to resume to sell at the first opportunity so without some reassurances and positive news I think we will see a drop.
Hopefully however for LTH's it won't be too dramatic and will pick up after the dust settles. The BOD however must know that so hopefully they have a positive RNS up their sleeves to post before trading starts again.