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Strange for a in house broker to release a seemingly not-so-positive note, but we need to be looking at the bigger pciture (as do they). The first Government order done and dusted. It's just a test order but nets ODX a few £million. That'll no doubt help cashflow to ramp up the production further and be followed by larger orders.
Bounced off 98p now, sellers/panickers gone, a great position for the company to be in as they head up the fight against Covid. Ahead of our competitors now with progress, actually on sale. MHRA approval must be pretty imminent then the skies are the limit. A home test, with amazing accuracy, for a reasonable price.
https://uk.reuters.com/article/healthNews/idUKKBN26R2MM?il=0
Ignoring the couple of negative fools spouting rubbish, it’s all looking very good for the near term. On sale now, and in talks with numerous chains of pharmacies and distributors... bring on the next few weeks!
Said this the other day but business deals don’t just happen overnight, and the contract behind a government order will no doubt be onerous. If everything is in place and the government need our test as we all expect, then I’m guessing the finer details of the contract are being ironed out behind the scenes. They surely can’t announce it until it’s under contract?
They may end up releasing news of orders before the investor presentation then they are able to discuss it further and promote it at the presentation?
Just tried to get quotes to dummy sell first thing and couldn't do through Barclays until 8:15. Now i've had four successful quotes at 75p...the MM's want the shares, the initial panic this morning is a bit ridiculous. GLA
When it's down everyone is
"Stupid Board, why do they never give us anything! I want an RNS everyday because that's surely how business happens? I'm going to email the Managing Director myself and get annoyed with him for not personally phoning me daily"
"Looks like we're going to hit -10p before close of play, ridiculous, what's going on? why don't we rise consistently"
"Sold at the top (even though they definitely didn't) so just sat on the sidelines watching it go down and waiting for the reversal because i'm an amazing AIM trader...just thought i'd let you all know"
When it's up/blue:
"Bought right at the bottom (definitely didn't), so much potential in this company, short term and medium and long and even longer term, and probably the longest term"
"My target is 1,000,000p by next Tuesday, DYOR"
"Never lost the faith (even though they sold on the way down then had to get back in at a higher price) STRONG BUY"
"Definitely a takeover target for the big players, probably valued at a few trillion by next year"
:P
Still a great price now if you can get any!
Don't be negative guys, you know the news we're expecting and have already been gifted from the BBI release! It's pretty obvious. Deals like that can be agreed over a meeting but then take a while to contract, i'm guessing it's in legals and will be confirmed imminently!
Positivity has disappeared from the wider markets and seems to have affected the majority of companies on the forefront of the Covid battle, strangely, who should probably be rising in this situation. Yes of course it'd have been nice to sell at 92p last week and be buying back in now but it's a short term blip in a very positive run for ODX and as soon as news of that first order is indicated, we'll be laughing at the concern we had now. Support at this level is strong
Medusa19 is a distributor not a manufacturer of tests though no? So who’s test are they marketing as their own? It was only set up this year by the BooHoo guys to capitalise on Covid. Probably released that article on LadBible to improve their PR, taking attention away from the investigation into slavery at their main company.
Does anyone follow Serpent Trading on youtube? predicted the break through 170p and seems to offer good technical analysis. Predicting 110p short term with 320p if we break 160p in the medium term. All positive anyway. I'm mainly invested due to fundamentals/expected news so certainly not a chartist but nice to see positive from all sides.
Nothing like a bit of positivity :)
I think it had stalled and consolidated enough at that strong support level. Let's see how we do.
Jumped out of Avacta for now and into TILS. The drop seems overdone here and with the last few days of buys vs sells surely we should see an uptick shortly. That said I did expect Avacta to drop back quicker to be honest so may have ball'sed up jumping out of there... the fun of AIM
I've been busy back at work not concerntrating on shares for a while but shocked to see this down so much this morning on such average news. I wouldn't say its extraordinarily negative, we're talking about historic data that was in line with expectations?? The main basis of this companies value is the huge opportunity that presents itself in the current climate, for which we are better positioned to take advantage of than ever before. The RNS changes nothing. Unless im wrong?
I have to say, i didn't expect this drop, but what an opportunity. We just raised £48 million at £1.20, now we've got the chance to buy into this great company at a good chunk below that price. I am quite astonished.
Covid is not going to disappear and Avacta sit in a strong position to profit from the virus, not to mention the other products and collaborations.