RE: Over ramped6 Apr 2020 22:08
Sorry for the delay scart. People haven’t been saying buy buy buy? Maybe not them exact words but saying this is going £1-£2 don’t miss out, get in quick, and all the rest of the pages of ramps over the last week all means the same to me.
I think a lot of people have just jumped in looking at the rise, with the boards encouragement thinking we have a quick money-making scheme, to one sense there is ,if all goes to plan, but all plans aren’t straight forward.
This is a very illiquid stock with a company who have small limited funds and poor sales. Grants running out, which is a time consuming job in itself to sort.
Yes there are positives but also negatives which some haven’t even looked at.
Product sales: Sales of device and assay (HCV-ID and DoD product) were significantly below forecasts (by -£0.52m, due in part to the delay in fulfilling the DoD order) at ca.£0.3m and represented a 58% decrease on the comparable period last year. The majority of the £0.3m was composed of DoD sales, meaning that there has been little to no growth in HCV-ID sales.
? Grant income: Grant income of £0.3m (including £0.2m associated with TB development work) was slightly below forecasts, but the decline on the prior period was anticipated, as the grant-funded TB and RNR-1 development programmes move towards completion.
? Administration costs: In line with the decline in product sales and tight control of costs, administration costs (COGS and SGA) were below forecasts by £0.36m at -£0.90m.
? Net cash/(debt): Underlying operating profit fell 27% on the prior period to -£2.57m (-£2.02m). Combined with an unexpected working capital requirement, GDR ended the period with cash of £3.5m, which was below forecasts by -£1.3m. Debt in the form of convertible bonds is now being carried at £9.3m, resulting in a net debt position of -£5.8m on 31 December 2019.
I am invested but half to what I initially jumped in with. When the time comes we get the news all systems go, I will double up. Until then I will wait and watch. All just my opinion, just thought this board was very one sided.
Good luck with your investments.