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I am very positive on Abdx and very negative on government logic. Your suggestion of backing UK manufacture and supply relies on this logic but at the beginning and middle of the pandemic the government spent billions on Chinese, via USA company, lft's while at the same time shafting a consortium of UK Diagnostics and then withholding payments for the bit they didn't right royally butt**ck (Omega as an example) and during this changed the parameters for UK lfts going for approval and protracted approval tomeframe while the existing supplier carried on!!!
Let's look outside UK and if the government then decide "oh we are a little f**cked here" supply on OUR terms. BTW NNN have nano technology for fantastic coating for masks, filters etc, UK government not interested!!!!
(Yes, a little angry, lost shed loads on Omega!!)
https://www.contractsfinder.service.gov.uk/notice/3cf33448-f257-4bf1-a5fe-95bebf9138eb?origin=SearchResults&p=1
Careful reading, at the very bottom they state the start finish dates are wrong but it is a very much live tender !!
What was the company earth at placing? So here we are sp halved since then and no good news, even an extra £6.3 Mill in the bank, seems to shift the sp. Its the strangest thing.
Same thing but worse is happening at HUR. Soon no debt, money in the bank, "free" money every month and sp falls !!
I am positive about Abdx, I feel confident the sp will move with continued good news but being patient is not my virtue!!
Only has to double to be even !!!!@ ha ha ha
Happyday2U: I can do £14,000 can we find another 999 pi's to join in ?
It seems crazy to me and many others that while the sp uplifted well yesterday its still undervalues the company by a LONG way. Probably many who bought in at 9.5 selling to bank profit. Hopefully flushing out will finish in a few days just in time for next good news.!
I, a semi novice investor, can't work HUR sp out at all. Bond will easily be paid off, last
load was $59 Mill, next one late July. Free
cash between $75 & $90 mill.oil price shows no sign of major downward price adjustment. Still pumping oil from well 6 @ approximately 547 Mbbls, as lifted on 24 May 2022. Slight drop in production due to reducing flow to work on well 7.
The sp keeps falling and I don't understand why when it looks quite positive to me in particular in comparison with what we have been through in the past. We are producing, we are paying off bonds, we have money in the bank with more to come. OK, if we don't have a future plan it's a bit uncertain but we are ot going bust!!! Was looking at Falcon oil the other day, loss making my cap 1/3rd lower but sp rising, HUR almost opposite and sp falling!!!!
Can one of you give me the "logic"
Financial Update
As of 31 May 2022, the Company had net free cash(4) of $139 million compared to the last reported balance of $92 million as of 30 April 2022. $78.5 million of Convertible Bonds remain outstanding and are due to be repaid in July 2022. Following the repayment, assuming oil prices remain at over $90/bbl, at the end of July the Company is forecasting to be holding net free cash in excess of $75 million. If oil prices for the July cargo are above $120/bbl the net free cash forecast increases to be above $90 million
BullishbeRish: what if and were engaging with Chinese co up at Alva!!!!@ Now that, while a perverse thought, would send me looking for a gun and heading up to Ely !!
Obx BOD wiggle and legally rob us.....more than once!!!
....and the £8.5 million owed by dhsc is nothing when you look at overall ppe.....
Government plan to burn £4bn of PPE ‘costly to environment and Treasury’
https://www.aol.co.uk/government-plan-burn-4bn-ppe-230100250.html
Happydays: Good points you make. I must admit I didn't take in the "manufacturing partner" bit in the RNS.
"The Abingdon Simply Test is being provided by Abingdon Health in collaboration with a manufacturing partner."
Main thing is though to get the EUA quickly, which ever way you slice it its a "material contract" so revenue and profit.
Wonder if it's Vatic (branded as Simple test) or my out of the box thought is a Chinese manufacturer but they, due to politics, can't supply direct!!!
I guess we will have to wait and see.....roll on Dhsc payment and EUA approval.
Imho I think the EUA will be quicker than we are used to seeing, obviously assuming the test meets the various criteria....SEE LINKS Taiwan is different to other countries and is "Covid wise" in a different place to UK. Also, let's not forget we have a Taiwan based client who will see this through. The Taiwanese government were VERY fast at giving EUA to Vaccines and their approach and policies are nothing like America/Eu/UK.
Read the links, Taiwan NEEDS lfts now, shortage of supplies and government applied rationing system.
I believe its a certainty the order will happen and hope the sp properly reflects this great news
https://focustaiwan.tw/society/202204270015
https://focustaiwan.tw/society/202204280012
https://focustaiwan.tw/society/202204140015
Why the rise? No Rns.......yet! Leak?
Haggis: while I'm not sure the Tories are communists or anything else (don't need a debate on this please) and I think this tax grossly unfair, only oil companies why not spread it further and make it less, I just read that not only does it not matter whether you are a millionaire or well off but also if you have more than one home you will get it for EACH property !!!!!
Gov spokesperson said its not perfect but is easier administratively!!!! Might be but means £400 multiplied is going to people who don't actually need it!
Obviously has hit Hur sp and cost most of us more than £400 in reduced value.....
While I agree suspension, in a funny way, is good, saves the SP being eroded by general market, it would be really good to be able to actually trade....been a long time suspended. I don't suspect anything negative, actually the opposite but this is crazy long considering they were (Rns) "finalising the prospectus"
Agree, hit bigger co harder but still apply to Hur. How profit/cost is exactly worked out is the "devil in the detail" but I think VERY significant and VERY useful to HUR is for every pound spent on development/expansion 91p is offset. Very big incentive to develop.
On a political/social level am really surprised £400 per household universally rather than more focused on the lowest income households. If your a millionaire what is £400 to you, nothing at all so why spend £x billion helping every Jshua, Raj, Alexia, Dmitry, Sir....Uncle Tom cobble and all
https://www.who.int/emergencies/disease-outbreak-news/item/2022-DON385
Smallpox vaccine 85% effective and PCR test to confirm. Very very small numbers world wide and NOTHING like as contagious as Covid.
I'm not homophobic but male/male sex (not exclusively) has main number of infections.
Uk infections are indicated with some kind of link to Nigeria but many cases are in those who have not travelled.
I'm sure an lft could be developed for most virals but outside of Africa the numbers are tiny.
This is like going to a garage buying and paying for a car but they insist they do a full service before they let you have it........months later, in spite of numerous calls , your still taking the bus and paying interest on the loan you took for the car!!!
Load of drivel, side stepping and evading the questions. Salary cut, talked about share options. Skin in the game, talked about timing. Big in food and nutrition and would need to concentrate efforts there! Where the hell have they been concentrating for the last few months, not lfts that's for sure. What have they been doing for their fat salaries.....sfa!
They did wear shirts, no doubt the tracky bottoms were beneath the desk!!