An unusual positive statement from MR India25 Nov 2021 17:54
I actually felt sorry for Colin. Yes he messed up. yes he believed in UK Gov. Yes he put too much faith into contract but I don't think he lied. He was misled. Yes he is paid too much compared to the stock price but all CEOs of companies are today. Yes people will sell but as we say today, there were 2 to 1 shares bought. This will recover but will take time and I think new investors will come in at this low price.
I will invest more ... why:-
- Yes to average down to get to 50p eventually
- They have plenty of cash so this is safe long term hold
- The current share price easily supports the current revenue and there will be upside based on DAM, Visitect CD4 and Covid self test once approved
- They will likely be bought by a larger pharma diagnostics company in 2022 and be integrated as Colin will be pushed out
- The new CFO has converted poor companies into profitable ones and sold them so that sounds good
Anyways, overall I am not going to whinge about this stock anymore. If it goes down, so be it but personally I think even though i am upset at being over 56% down, there is a upside and I am here for the long term
GLA