Member Info for Natdan

JAdam, not sure the following from the 17th December amounts to a meaningful Covid update but, heh ho, with LR nowadays assuming full monk-status, I suppose one must be grateful for small mercies.-
“we have built a significant hedge through our UK COVID-19 testing offering. From a standing start in May 2020, our COVID-19 products and services generated revenues of £0.5m in H1 and have already exceeded that in the first two months of H2”

Frankie, the last covid update such as it was, appeared briefly tagged on the HY update of 26/10.
Expect LR to stick rigidly to his timetable, so by 25 jan. no ifs or buts.

Despite an injection of exciting news and the short-term euphoria it brings with it, this SP clearly suffers from the share-trading equivalent of arousal disfunction: it simply cannot maintain a rise for any length of time, it exhibits the tell-tale symptoms of brewers’ droop shortly after any rns, and it seems that only a tablet of viagra sugared with good results can ever reverse the trend.
Ooh matron!

I was rather hoping that Santa may have delivered to Twix a decent appliance with spell-checker facility built in. As for coherent reasoning we’ll pass on that for now, and grammatical incontinence is a harder issue to resolve.
In the current absence of his self-publicised fantasy “top-ups”,one assumes he is presently in disposal mode, but still the proud owner no doubt of several million of the rascals.

Well, the knockers are certainly out here this new year, perhaps they are directly proportional to the severity of the tier/ lockdown prevailing at the time?
This of course follows a long tradition of knockers who delight in knocking innovative British companies located at the cutting edge of technological advances. When that company is focused on health-care issues intended to address life-issues, then that knocking is hard to justify.
Lest the knockers forget, the company is in expansionist mode which takes time to develop. The current world-wide restrictions are unfortunate but will not be permanent. The whole covid testing diversion does not yet appear to have helped materially.
The usual outcome of persistent knocking is that high-tech companies such as this end up being sold to foreign multi-nationals who can see beyond near-term turbulence, and at a fraction of the company’s true worth. Note that the two biggies who already have a material interest here -TF and Illumina - do not appear to be agitating for change/improvement. They sit patiently and await progress.
Far be it from me to advise the knockers, but this investment may not be for you. In which case, perhaps sell-up, get off the tippy-tippy and stop living in your mother’s spare bedroom.

National Headlines - Brexit deal, bong! LR announces Covid-19 update, bong!
This Covid update, although welcome but already anticipated by some of our more astute posters here, should not be confused with the quarterly COVID pronouncement, promised by LR and next due towards end jan 2021. You know the one, which includes testing numbers and sales, rather than just capacity.

“ I have faith in my research and investment.” -col, one of your early pronouncements when you joined the BB as far back as...er June.
So what’s changed one wonders? A six-month time span especially in times of a world-wide lockdown and all the accompanying restrictions on cross-border trade, may not provide the best environment to rush to judgment.
Each to their own of course, but not convinced in the slightest that Ygen has become a bad company overnight. Sometimes one just has to ride the waves.

Onwards goes twix, and on and on, happily exchanging with his various aliases. Surely a text-book case-study for any trainee shrink.
And all the time adding to his holding (rns pending?) whilst simultaneously reducing. How’s that work?
I suspect he has never recovered from the howls of ridicule and laughter as he was hounded out of the other board. Unfortunately, like the worst mutating covid strain, he appears at least seventy per cent more infectious here. Somebody -anybody- please get him in permanent lockdown.

“we are hugely excited about the prospects for substantial growth in the years to come” - seems that LR’s grand vision remains intact, just a shame not many share it presently.
I expect this audacious statement reinforces the 5-year plan (shades of former Soviet Union) he outlined post arrival, whereby grateful shareholders will only see significant returns in years 3-5, that is, late 2021 onwards.
Who would bet on that right now? Currently, the risk/reward ratio appears to have been a tad pandemicked.

Trouble with giving twix the slightest nod is that he believes he is loved by all, the result being plain for all to see, overwhelming the BB and boring ad nauseam.
Surely must be nearing 3million holding by now, whilst selling down and expecting the “crash” next week/month/year, and a world-wide vaccine dispensing within 3 months.
Please be gone, saddest of lonely individuals.

Yes Pacman, the first “update” was tagged on the end of the TU, conspicuous by its absence of numbers. Not sure “comprehensive” could ever be prized out of LR in this regard.
To be brutally honest , the indications are that re testing the Co. was outmanoeuvred on most parameters- realisation of a potential open-goal market, speed to market, collaborations, pricing, rapid expansion of test numbers etc etc.

Pacman1 - if LR sticks to his quarterly covid updates, next one would be due by 26 jan.
today, however, would have been an ideal opportunity to provide meaningful detail. Testing seems to be chugging along rather than providing any kind of turbo boost. Think Fred Dibnah steam engine rather than high-speed silver bullet railway.

One assumes the silence is PIs feverishly looking for any signs of positives.
A story of treading water for the covid duration, waiting for the US market to properly open, and a COVID testing update which is almost completely shorn of any detail.
Forward looking statement? Hardly.

So ABDX opens trading with a mkt cap roughly equivalent to YGEN. Hope LR’s priorities haven’t subtly shifted!

That Florida’s got a right one on ‘em today.
Maybe listening to 10cc. -
“I’m not in-vested,
So don’t forget it,
It’s just a silly phase I’m going through...”
Apologies, best I could come up with in the circumstances. Could have been worse -Leonard Cohen .

For the holder of allegedly 2.5million shares here, good luck selling them in the midst of your continued negativity.credibility zero.

If you want positives, first to exclude twix and aliases!

Two points. The previous covid update, such as it was, appeared in the briefest of paragraphs at the time of the half-year update of 26 Oct. Next covid we will probably have to wait until end Jan
2021, unless we are able to glean any info from the results due Dec.
Whilst TO is likely to be the end result as per LR’s previous MO, I don’t see any imperative just now for it to be swallowed up near-term by any larger player.
We may have a footprint in 60+ countries already but that seems more of a headline grabber rather than a rapidly growing revenue stream.
I think once the US opens it’s doors properly for business again and Ygen gains some decent traction there, the TO dynamics might well improve.

I note that with the addition of just one more director, Ygen would be able to enter a team in the Manchester Saturday Morning Football League.
On the subject of directors, some of the functions are less than clearly defined. What for example, does Dr Bill Chang do precisely? He evidently is brainy beyond belief, with qualifications to match. But Chief Entrepreneur and someone who “actively presents technical results at many international conferences”. Really? The power of power-point could rarely have received such remuneration.
The point I seek to make is that with so many directors and generous pay-packages to boot, it is difficult to evaluate what value they bring to the company.
Treble incentives all-round, please!

Now I’m no accountant but had a re-browse of the 2020 accounts.
I realise that Ygen is in expansionist mode and is still relatively in the fledgling stage of development, but the wage bill seems to be growing exponentially quicker than the R-rate was recently in Merthyr Tydfil.
Wages and salaries grew from £3.8m in 2019 to £4.7m in 2020. Add in the likes of pensions and share-based payments and the figure tops £7m.
Supplement this with the recent ongoing recruitment-fest, then one would hope our revenues are presently being turbo-boosted; if not, wages will cause a drag and potentially preventing the Co. reaching a primary objective of profit.
And that’s even before referencing the cost of the share option scheme, ballooning from 251k to £1.6m for the corresponding period.
Oh, would that our SP followed a similar trajectory.