Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Nice to see Lloyds have adopted our (current) theme tune in their adverts (the old Carpenters's classic)
Everytime I hear that I think.......... thats us! ........ and your not bl**dy kidding!!
"Not 'arf" ......... as Fluff would 'ave said (back in the day). gla
Is Mumbo (in disguise) back? How about Avacta have been embedded with UK Gov / sig manufacturers for 6 months+ with all working towards the inevitable forthcoming major rollout of the sovereign test (oh and none of that includes "the rest of the world")........ Good luck with excalibur (everyone may "sell a few" in time)......... and not to mention the other 30+ pipelines in other therapeutics / diagnostics that are currently brewing on the Avacta pot …… many of which may ultimately dwarf any LFT income ............ I thought we had moved on past this stage, some time ago (or is this the new "catch up" TV channel?)
Yes dont forget from Mondays "variant RNS" ............. AS stated "......now that we have developed a robust lateral flow test architecture......" and additionally have no doubt assisted the UK Govn in developing a robust long term testing infrastructure ........ Boris will be protecting Avacta on many fronts........ including. financially and from any of Uncle Joe's pesky "takeover" pharmas (well it'll need to have at least a couple of noughts on the end and Al might need to forego his knighthood)
Yes today has def been a "break out" from the usual MMs modus operandi ......... youd have to think something was brewing, as if we didnt know! (actually 30+ things are brewing, in their own way)......... just "all in a day" on the Avacta journey and hopefully a sign of thigs to come gla
And of course the second big takeawy from todays RNS (the long term look ahead).......... over to you AS again..........
Well yes, of course I needed to write in the formal tones required when "informing the market" but actually what "Now that we have developed a robust lateral flow test architecture, we can easily insert Affimer reagents that that can be very rapidly developed for new variants if necessary, and indeed in response to any other future pandemic virus" actually was meant to convey is...... Boris had recognised Avacta as central to developing a long term robust and resilient "UK response / capability to future Viruses" way back in the Summer of 2020 and asked (or rather told) us to concentrate our efforts on that particular task rather than getting a test out quickly to deal with the current situation (he said he had that covered with the China crap and other "short-termers").......... the long term UK / Worldwide spend (in perpetuity, say 10-20 years +) on supporting this effort will dwarf the current spend / value of tenders being announced (to deal with things today) and Boris said he really needs to get this "right" and do it "properly"(he's had a few co** ups on the way) ............ he also mentioned something about acknowledging our great British scientists and healthcare workers in the (2021) New Years honours list........... I must say Sir Al does have a certain ring to it, although maybe thats me being a bit "premature" ........although I do note that some on social media appear to be "ahead of the game", on that score!! :).
Todays RNS .............. roughtly translated ...............over to you AS.........
"We are aware of the announcement of an £8B tender on Friday night ..........in the context of supporting our loyal investors (and in acknowledgement that "communication" is highly valued by our loyal investors....... yes I got that particular message, you may have noticed a raft of RNSs over the last 2 months) we are concerned that there will be much de-ramping over the coming days / weeks regarding our current status of no actual CE mark / clinical validation ........ I can't say as much (formally inform the market), but this is a formality (I wrote the bl***y book!).......... the time taken is more about crossing the Is and dotting the Ts (this is the British "sovereign" test after all, not some cheap crap from China) by those (jobsworths) paid to do so .......... off the record, we are the pivotal company involved in the British consortium and the tender has been "tailored" or actually "driven" with our products(s) in mind ....... so I thought Id better drop an RNS this morning in the guise of "we can detect all known major variants" .......... which should be read as "everything's on track with CE making / clinical valdation" no need (for our loyal investors) to stress out in the interim as the tender closure date approaches and those pesky de-rampers can do one (or do their dough, as Kippers might say)" ............ me (Kippers): its called reading between the lines!! :)
No not yet Mumbo......... however (IMO) its amazing that Avacta is currently trading in the current range of 190p- 200p .............. just imagine what the share price will be following formal announcements on CE marking / clinical valdation and contract awards!!
I believe the next few days / weeks is the last chance to get it at this price......... and yes Avacta will be trading at 8am tomorrow, despite the "concerns" of some (you may have heard) regarding a "disruptive" market.
At the end of the day, If you believe the current share price is not at fair value, then you take a position accordingly ..... buy or sell (short)..... easy really............ like everone else you pays your money and takes your chances.
A cluster of "late trades" (in the 30k-90k range) totalling 700k+ ..........now being reported, most in the high 190s eg 98.5k @198.5, 70k @199.0, 58k + 50k @ 199.5............. all down as "sells", but prob all buys throuhout the day............. hence the uptick (a solid finish, with some substance, to an on an otherwise "quiet" day)
In recent days / weeks PIs seemed to have learnt the ropes on the MMs moves (e.g. most recently, sell your "trading block" @ 197/199 and buy back in @ 188/191)............ obviously the core holding is left untouched...............I always felt (2 weeks +) after return to schools (so last week in March / 1st week in April) and in particular when (positive) data starts to become available would be the really telling period when the action truly starts (ie the Govn take the handbrake off) ........... but need to stay alert (as Boris advocates!) .......... as leaks / CE mark etc could drop anytime in the interim .......... this particular go at £2 has a slightly diff feel to it rather than just a FOMO Friday pm (suspect a few big late trades might appear after hours..... maybe more investment funds / institutions starting to have a sniff). gla
Looks like the "mates" know a good thing when they see it!
Good to see a statement on the indicative price point which would clearly imply that indicactive volume (i.e. x millions per week) has also been discussed, as the two go hand in hand. A very steady RNS (as is the AS way).......... perhaps not the "wham bham" hoped for by the "day traders" looking for volatilty and violent swings but there's plenty of that in the Crypto world and others at the moment so not a bad thing if they move on. And indeed if Avacta "move on" from the AIM market (as clearly ASs gravitas is not appreciated or recognised in the AIM "fun factory"). Everything is clearly "on track" for March (which commences next week) and for the institutions and investment funds to become more involved at "mates rates" as the short termers move on (for a week or two?) and "invest" elsewhere......... its good to know who the long term holders are up against .......... 170 to buy! cheaper than at Oct 2020 and look at what we now know (bizarre!).
Theres only one way to read this............
AS is in total control (the Head master marks the week-end homework) ............... took the trouble to point out where Huff post and PD "went wrong"........... and may let Boris have a piece of the pie (if he behaves)....... "Im sorry Boris, Mr Biden's on the phone, try again later" (atually thats clearly not ASs style.......forgive my indulgence).
AS is a man of great detail.........and you begin to sense he has totally adopted a lead role......... take him on at your peril ("strategists" beware!)
Not a "fail" as such .......... just a "non approval" .......... a bit like a planning application when the LA dont like a particular dimension or feature......... you work with them and re-design (tweak) and re-submit (not unusual for many itterations to take place in most industries) ........... if its a "no way Hosay" all partys concerned are left in no doubt .......... which is clearly not the case here.
Testing will be here for a very long time.......... even if the data shows remarkable reductions in cases / deaths later this year.......... at any given time, the Gov cant run the risk of not knowing whats out there (today)........ rather than in 3 weeks time (when new local spike(s) "appear" in hospital cases / deaths....... its all about responsible manangement for the forseeable future (and long term) ......... this is one of the most significant events in World history....... so it wont be going away (in the minds of people and the management by the world Governments) anytime soon....... if at all........ this cannot be seen to be let happen again ...... and so many risks; variants, asymptomatic transmitters, non vaccine takers, international travellers (the list is endless) ......... yes even one for the conspiracy theorists: those actively engaged in spreading this or some alternative Virus (whatever their agenda is)......... with Testing you maintain control and are able to rapidly respond rather than just sit back and wait for it to happen (again).......... and there will undoubtedly be a "ramp up" again next Winter even if no more than for "precautionaty measures"............ just ask yourself the simple question what would you do if you were in control (Test or not Test)? .....Simple really, when its put like that (and actually there is no choice).
Marr and Ridge and all mainstream media have obviously been "told" not bring up the Huff post article (today) as it will only be batted back with "the Govn doesnt comment on (irresponsible) media speculation" of this type and will serve no purpose other than to waste precious interview time......... Boris clearly does not want the population to get ahead of itself by thinking "they think its all over" with LFTs being rolled out in combination with an effective Vaccine programme.... and may still hold things back on specific LFT announcements for a week or so ....... possibly coinciding with schools re-opening and in the context of the further unlocking of the economy ........ the speculation will undoubtedly continue not least on Avacta, ODX, BRH, ABN et al shares............. not least, thats precisely what it is and what we do ...... "Speculate".......... you pays your money and takes your chances...... there could be more than one winner in this particular "race" and any long term strategy to respond to future viruses must include the ability to test and trace from "day 1" (so long term Gov support will need to be in place .....with the likes of Avacta......... IN PERPETUITY!!).....this isnt just about this Virus this Year...................Concerning the short term; I have a feeling the Govn will be using terms like "great British consortium" and "great effort by our scientists and manufacturers" going forward.......... in short, any company with a positive involvement will prosper .......... time for all to take a chill pill (Avacta will be just fine) and AS is clearly taking a very lead role (in all this), not just today but for the future (he is clearly a person the Gov is very comfortable working with and taking advice from......other CEOs may not be seen in quite the same light (you know who you are)........ GLA
Boris just putting the breaks on (when was the last time the Gov issued a Sat afternoon response to an online article of this type)........ wants to be seen as being "in control" of all major events / announcements / decisions, going forward
I note there seems to be some "minimal" awareness of Avacta on Reddit ..........
https://www.reddit.com/r/UKInvesting/comments/llxwha/avacta_the_uks_next_biotech_giant/
Perhaps the time has come for a more informed update "briefing" from this side of the pond (over the week-end) especially as we are commencing a significant new phase of the UK/US "special relationship" ........... it would be rude not to !
How do we see the Abcam / Abingdon tie up in relation to the bigger picture ..... re Avacta, reagents etc and the Avacta / BBI / Abingdon relationship
Collaboration with Abcam
ABINGDON HEALTH PLC
Released 07:00:05 09 February 2021
RNS Number : 3868O
Abingdon Health PLC
09 February 2021
Abingdon Health signs collaboration and co-marketing agreement with Abcam
York, and Cambridge U.K. 09 February 2021: Abingdon Health (AIM:ABDX) ("Abingdon" or "the Company"), a leading international developer and manufacturer of high quality and effective rapid tests, has signed a collaboration and co-marketing agreement with Abcam plc (NASDAQ:ABCM; AIM:ABC) ("Abcam"), a global leader in the supply of life science research tools and reagents.
The Parties intend to establish a collaborative strategic relationship to enable them to identify and maximise opportunities for the provision of each Party's respective products and services, including the wider Abcam reagent portfolio and Abingdon Health's rapid test contract development and manufacturing services.
Under the terms of the agreement, Abcam will be the preferred supplier to Abingdon of gold nanoparticles and custom conjugation reagents and services, for the Company's lateral flow assays. Custom conjugation reagents will include a combination of an affinity binding reagent such as an antibody, and signal reagents such as the colloidal gold which provides the colour output in a lateral flow assay. Securing a reliable source for custom conjugation reagents ensures reliable supply chains of critical reagents for customers of Abingdon by providing access to the reagents, colloidal gold and specialist conjugation services of Abcam.
Chris Yates, Abingdon's Chief Executive Officer, commented: "Abcam is a global leader in the supply of biochemical reagents, a critical component required in the manufacturing of our lateral flow tests and we are delighted to have signed this agreement with them. At a time when there is a shortage of such reagents in the market, this agreement secures a key supply chain for us. This will also ensure our partners and customers will have certainty of delivery when they come to us to manufacture their tests. We also look forward to working with Abcam to identify and service their customers' lateral flow contract development and manufacturing requirements."
Mennah Moustafa, Abcam's VP of Business Development, commented "We are excited to be collaborating with Abingdon Health to provide critical components for their lateral flow tests. As Abingdon's source of key reagents and custom conjugation, we believe the combination of our global reach and complementary capabilities and expertise will enable more assay developers to access this core rapid diagnostic technology. We are looking forward to working together to enhance access and help secure long-term critical reagent supply to customers of Abingdon's contract development and manufacturing ser
but a mask that kills airbone covid/viruses should do exceedingly well in the next few months (/years), as research understands better the primary mode of tramsmission.............
https://www.nature.com/articles/d41586-021-00277-8
Thnking outside the box could copper nano-tech be incorprated (retro-fitted) into air conditiong systems?
Boris obviously concerned that negative results from LFT testing will be seen as a green light (by some) to ease off or even "party"........ and doesnt want to take this risk as it might jeopardise the "take up" / benefits or "look" of the current vaccine roll-out (Boris has had too may failures and cant allow vaccines to be seen as anything other than a "total positive" / big win)........... LFTs / effective track and trace will def save lives as soon as mass roll-out commences ......... perhaps Govn shoiuld focus more on policing the non-compliers rather than penalising the (90%+) compliers ....protecting society should be a Govn priority/duty over any "freedoms and liberty"..... and actually start saving lives by doing what should be done (i.e. mass LFT roll-out) ASAP (ie now!!)......... unfortunately politics maybe influencing "timings" and "messaging" more than anything else right now ........... hopefully its only a matter of days now (the 15th Feb is obviously a key imminent date for a significant announcement....... meanwhile 1500 die per day).......... another political shambles and messaging to society remans v poor (mushroom management and more interested in the political look) ......... LFTs will be an undoubted success story with or without HMG