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Maybe not a profit as such but revenues increasing and to me the company is in great shape. The sp isn’t but imo one day it will be
the bakky police !
pretty honest answer from Walbrook
Got an email reply from Walbrook about whether Clarigene could be sold in the UK :
I can confirm that Clarigene® SARS-CoV-2 CE-IVD is not yet approved under CTDA regulations – their submission is still in progress and is subject to the same delays many other companies are facing. YGEN are in regular contact with the regulators to progress the submission. In the meantime, YGEN are not actively marketing Clarigene in the UK.
In any case, YGEN’s primary source of COVID revenues are unaffected by these new UK regulations as Yourgene’s testing and sequencing services are not reliant on selling Clarigene or Clarigene achieving CTDA approval.
Yourgene’s COVID-19 testing service laboratory is a Government approved and UKAS accredited provider, the facilities were audited recently by the DHSC and successfully passed.
YGEN’s business performance and expected business performance remains in accordance with the recent trading update – where we saw them confirm a further upgrade to full year revenue guidance following strong trading.
Also, some other investors have sent us a previous bulletin board post that showed a reply from NPH to an investor which was incorrect and misleading. You might be interested to know that the investor who posted that subsequently received an email from the CEO of NPH correcting the email and confirming that Yourgene are still a trusted provider of COVID testing services, rebutting the suggestion that they have stopped using YGEN because of concerns over approvals under CTDA regulations. NPH is still a service lab customer but we note that the investor did not choose to post that correction on the bulletin boards.
The key point is that this has no material impact on the Company’s trading expectations – which as you’ve seen previously have been upgraded as the financial year has progressed.
Kind regards,
Lianne
Reckon your calcs are pretty good but I’d say when evaluating any future value one should include they’re raising £2.8m(gross) perhaps only £2.5m nett. So saying the m/c should be around £3.7m is not valuing the company much above this latest cash input.
Absolutely terrible placing price but I would have thought will all probably be rubber stamped. Then the OO will go ahead and also I’d have thought be oversubscribed (whether BoD will suddenly increase OO to incorporate I don’t know).
So, late Jan it’ll all be sorted, the sp will be languishing round about these levels or below and, hopefully, the mgmt can make some traction on developing a decent business.
‘2phevs’ yeah no problem with putting on large limit sells, may keep the vultures off, but elsewhere any real indication that the funding may have to be rethought?
Thanks for thoughts on Holdings RNS Lottie123 and si_derman. In fact think you’re both slightly wrong :
Killik had 17027058 ie less shares on 26th November so actually increased their holding but their percentage went down.
They didn’t need to report this as only when going over 4% or below 3% they legally need to report ( ie an integer change).
No probs and Killik increasing not decreasing which is good
Excellent news so that puts our maximum sought payout up EUR1m to EUR 8.8m. It did occur to me, can these rogues payout in the end, hopefully.
12th January not so far off, my brother has his next divorce financial matters hearing in May and that’s only for £350k !!
Just asked Leander PR about the Venice court case for Sipiem yesterday.
Christian at Leander quickly replied with :
Should be news tomorrow - we have to run the RNS past the lawyers in Italy as it’s a fairly sensitive matter!
“In May 2021, the Company reported in respect of the Sipiem S.p.A. (“Sipiem”) legal claim, that the Court of Venice appointed independent expert had filed his report on the economic merit of the damages suffered by Sipiem and valued up to an amount of €7.8 million, subject to the Judge ruling that the conduct of Sipiem’s former board and internal audit committee was unlawful. However, at the hearing, the Company was informed that as one of the defendants had sadly passed away, it was required to take a few additional mandatory procedural steps, and this inevitably delayed the proceedings. The Court of Venice has re-scheduled the hearing for 10 November 2021 at which time the Judge will receive the parties’ comments on the report of the independent expert.”
!0th November is Wednesday -hopefully going ahead in Venice
It’s all going on here. Good news every day but it all amounts to nothing on the sp.
Imagine there must be some truth on both sides here with this ‘discussion’. Must be considerable selling going on (for years!) however, as BMD did announce about 2 months ago and Twix confirms elsewhere, I’m hoping for a Big Contract v soon.
Think I’ve worked it out, ‘daytradenovice’ was doing a ‘test’ post to see if it worked ! Simples !
That was over 4 months ago, probably had the results and been awarded a degree by now
Yep, up for the 3rd marathon Twix !
Just for info, I've got to sell 18k this afternoon in the IG debacle. Won't make any difference to the sp but it's a complete pain to me being forced to sell just as it's dropping.