Real potential - volumes, sentiment, leadership and product24 Apr 2020 10:31
So just to state my position as I have been cautious to do so previously.
I was a previously a NCYT investor and every now and again while that share was rocketing, I would see people mention Avacta on that board. At first I ignored tips for Avacta but when when my other investment slowed, I thought let me take a further look.
This share has been talked about for many many weeks now and much more. Even when NCYT was having its day everyone was saying Avacta was in a much stronger position to surpass it and I have to agree. Everything looks strong:
- The Head of Avacta has been talking to the media and keeping the market updated regularly which is great
- Trading volumes have been excellent over the last few weeks. Compare the volumes with other similar priced shares
- On the biggest volume day yesterday 24M - shares were nearly 2.5/3.1 to 1 in favor of the buys
- If Avacta wins, the world wins as this is solving a huge need in a crisis
- We have a collaboration with Cytiva - go look at their credentials and website like I did
Yes we have plenty of hurdles to jump but so far we are smashing every one of them and what I like about this board is everyone is realistic about them. We need to keep up the good work:
- Get accurate testing results
- Get speedy approvals (FDA etc) to get the product to market which will be facilitated by the first point
- Most importantly by working with our partners, get the product to markets in the multi multi millions in short spaces of time (which no one else has been able to do)
The need which we are filling:
- Rapid Antigen testing
- Ease of testing in terms of saliva based testing kits
- Global reach of the product
- Active market already there, actually waiting for us rather than us having to go find the market which is huge
- Remember one of the biggest costs for any business is selling costs including advertising etc. Think of your own business in terms of finding customers. If this product is strongly accurate we can really do something special here.
We also have a lot of other exciting "existing" work going on alongside the Covid19 solution so these are all additional upside if progress on these happens too.
GL all