Member Info for platoh

Sells at ca. 51, buys at ca. 53

Someone sold 5 million, someone bought 5 million. Which way would you have it move?

Should be an RNS tomorrow. 5 million is ca. 7% of share capital, if I'm not mistaken.

OK, so linking not allowed :( Apologies to the powers that be.

Google will probably find it.

from research tree, hartman on trx

https://*********************/companies/uk/medical-equipment-services/tissue-regenix-group-plc/research/hardman-co/tissue-regenix-trx-maiden-pre-tax-profit/13_8dadf561-0504-4b39-abed-401088b96168

if the link doesn't work, go to https://*********************/ and search for trx

To state the obvious, the reason the shares aren't rising is that there's very little buyer demand. That could be helped with some judicious marketing: the last broker rating was 2016; googling TRX brings up a lot of hits for a crypto currency, the company website doesn't even have the latest results. PIs aren't going to flock to a share that has been going sideways for years, isn't profitable (though close now) and doesn't have any near-term speculative get-rich-quick hopes.

On my trading platform, Morningstar gives a 'fair value estimate' of 85p. At present, TRX looks like a safe (ish) boring long term investment. That doesn't excite AIM investors.

TRX doesn't pay any tax in the UK, as per last full accounts at Companies House. UK tax losses carried forward were ca. $60m. They would come into play if the company makes a UK-taxable profit.

@Izstar Crackers? Not if the full year results show a profit after tax.

The day before results published, and less than £200 of shares traded this morning.

@izstar: a question to ask at the online meeting 10th September.

Never mind. I see now it's in the trading update.

@izstar - where did you get that interims date from? I don't see anything on their website, nor an RNS

Interims last year were 5th September.

Cavendish have published a 'research note', which pretty much just repeats the RNS, and give a TP of 120p

And yet

“…normally is moved…”

The sales were on 18th June. The share price reached a high of 70p on 7th June, falling to 63 on 17th June.

I think the problem the directors face is that they become liable for tax when the options vest, so need to sell some shares to cover the tax payments.

Given that 665k shares hit the market, which normally is over by a trade of just a few thousands, I think the share price held up very well. No doubt one of the IIs bought them.

@covgaz - they received the shares "under the Company's Long-Term Incentive Plan", so part of their contractual compensation package. Pretty normal stuff and, if you were a shareholder at the time, you probably voted for the plan.

As for trashing the share price, it had already fallen in the week before the sale.

I meant, by end of July.

With the upcoming trading update probably going to confirm the progress on growth and profitability, the drop in the SP makes for a buying opportunity. Should be significantly higher by end of June.

Or so I hope.