RE: 2 x 25k adds for me3 Nov 2024 19:28
Firstly, well done and good luck to tom2468 and davey50 for their buys ins/top ups this week. I totally agree with your post CTSFO. Rua as an extremely well run and well managed company. Other companies within AIM can't hold a candle to Rua Life Sciences. A lot of AIM companies are lifestyle companies with greedy executives at the trough with their snouts. Rua is far removed and different from those companies in as much as the way it has transitioned itself in a very short space of time. In the strategy update last November, Bill Brown outlined the focus and the strategy of the company going forward, one of those has now been completed. One down and two to go, and I don't think it will be very long, in my honest opinion before the other two are completed as well. Remember Bill Brown stated after the CEO resigned, that the future of the management structure, would be dependent on the outcome of Rua structural heart valve business. The company has not filled the position, but instead stretched the existing management to cover that role and in doing so cut costs at the same time. I strongly believe that Aurtex will be snapped up or the entire company will be taken out. On the day of the business update this week the BID was at 12p. On Friday afternoon they were offering 11.5p plus on relatively thin volume. I wouldn't be surprised in the least if we see the BID at 12p plus by next week sometime. Good luck all. Atb Popeye