Member Info for Porky9

Hi
I have started buying in purely because I like the fact that they are on the cusp of various breakthroughs which are potentially life changing. From my research I consider them to be a top draw biotech and they deserve success.
However, I guess my biggest concern is their cash burn before they can monetise anything. In Jan they secured £3m from placement and it looks like they burn £1.5m a year so this tells me they have until circa next Christmas before another placement is required?
Anyone know when they might start seeing any revenue creation?

I have been looking at Covid damaged stocks on the basis that one day they will bounce back.

Looking at MAB on the one hand I’m thinking it has 100% upside as the stock was previously trading north of £4 but on the other im thinking they are now burning cash and with lock downs continuing and even the pubs that are open are not able to serve the volumes they previously could.
In view of the above I’m amazedthe Sp has been going up

Hopefully very stupid, although I guess you will always get chancers riding the climb and fallback waves.

It would serve himself right if some positive news dropped and he got well and truly burnt!!

Fair point Wilson, Just checked the SP of ASOS and it’s 4,655.00 LOL

However, the point I’m making remains. If you can’t afford rod to risk losing your money you shouldn’t buy AIM stock as it’s High Risk

If you want a safe house stick to the building society

Thanks for sharing. Well done on some brilliant trading! My worst ever stock purchases was igas I managed to turn £27k into £500. No stop loss, just left it in long term in the hope it would recover and it never did. Public turned against fracking and little of the gas was ever materialised, but you can’t cook an omelette without breaking eggs. Main thing is to always stick with your runners and ditch your losers. IF you don’t try to pick a winner you never will

I an tell you for a FACT that ASOS or As Seen On Screen as it was originally known came to the AIM market at 5p.

I have a contract note to prove that I owned 300,000 shares and they cost me £15k. They were raising money on aim following a warehouse fire. So don’t accuse me of telling porkies when I am giving you a fact! DO proper research or shut up. You owe me an apology.

I am so bored with posts of the nature should I sell, are you a millionaire, what’s your exit price, is it expensive, yada yada... shut up.....

1. a share price is based on its fundamentals, personally i think the current SP which reflects a PE of about 1 is well under priced at this point.

2 . All shares have risk attached. shares go up and down. if you cant risk holding stock or are worried about t holding shares and cant afford a loss just sell for crying out loud.

3. if you are lucky enough to still be holding shares from sub £1 and frankly there wont be many of you, sell some and leave the rest so that you are in for free. otherwise, switch the computer off and return in a years time.

finally, i can tell you now, over at ASOS where the SP went from 5p to £5,000 a share there wasnt anyone other than Nick the founder that was holding stock at that point!

Hi
Just picked up 35,000 I’m going to keep topping up each month over the next six months and average out.

This may take time and we will experience SP swings but what a biotech this is. Life changing stuff imo. Good to get in early

They can and will make a massive difference!

Don’t you just hate auto correct - lol

Wow, I mean it doesn’t take Einstein to figure out the advantages of ordering Winterplex for every Hospital, carehome, school, airport, doctors surgery you name it!

It’s proven, portable, sits in the palm of your hand and can tell if you have flu, Covid or some other respiratory infection. This is medical science at its best imo

If the government are serious about track and trace they need to really get with the program here, it’s life changing stuff

I’m a proud owner of this stock, not just for financial gain but because I really believe they can’t make a difference in this awful pandemic

Antelope
We have all done it but never fear, in the next year when this is trading north of £50 the price paid today is going to look cheap :)
Good luck

I would say none, simply because some are traders and some exit at small gains and retail investors rarely go the distance. New investors in at £8 or £9 will go to the next leg of the journey.
I bet if you did a survey over at ASOS where the SP is £5k a share you would find one investor holding since inception when the SP was 5pence - it’s how it is

@earth
Nobody can tell you that, shares can go up as well as down. If you want to leverage risk, sell half and retain half for longer term ie 12 months plus. If the stock becomes the next ASOS you will still do well and if it turns to sh@t you have still done ok. It's all about risk really.
At 23 frankly maybe you can take more risk. Lock it away for 12 months focus on your study and turn your computer off. Return when you finish your degree to see what you have?

Hi
I'm all for a positive trading day and maybe as the PE ratio is so low the SP is in for a correction but the share is attracting a heck of a lot of interest considering no news out.

Because its materially undervalued based on secured contract wins. PE ratio of ×1 on what possibly could be the next major player in the sector
DYOR

Get on the phone to Hargreaves lansdown www.hl.co.uk or fidelity and get them to set you up a stocks and shares isa. If you still want cash in a safe building society account you can do that with them also
Dyor good luck

Nothing else to add other than sooner or later as more contracts are awarded the business must surely have a PE Ratio to reflect its status.
Currently X1 looks woefully inadequate to me but a £100+ SP sounds crazy but at some point this has to come together.
Just needs time... long term hold for me for sure

I held 300,000 shares in ASOS at 5p at the start. The SP bounced around the 5to 8p range and started climbing on good news. All the way people were saying sell, take profit its fully priced yada yada. I sold at 15p taking a 30k profit.
You know the rest of this story. It's now a leading retail brand trading at £5k a share. Took 7 years. If I had the balls to hold I would be a multi millionaire now but not many retail investors can hold out.
My advise now based on experience Is run with the runners but if you need to take profit, once they have doubled well half lock them away and then you are in for free
No one made a loss taking a profit but by God I regret selling asos at 15p to this day
I'm holding this one long, long term. Make or break
Good luck

I recently moved my entire holdings out of the USA and tech funds (The North America funds were mainly techs anyway) locked in the profits and moved into Japan funds. Following warren buffet, I don’t see much growth going forward in the USA and risk of a tech bubble burst and reductions after elections make it unattractive from here for me personally

Allan
Shares don’t go up in straight lines so there will be loads and loads of buy and sell activity all along the way at different levels. It really comes down to your attitude to risk. If it went south tomorrow could you afford the hit? Nobody ever made a loss taking a profit.
IF you want to lock in some returns you could sell half and then you are almost in for free?
For me I’m holding for at least a year from here, my shares are Locked away win or lose.