Member Info for R1CHARDO

The problem is you can read the RNS two ways:
1) The test is on track and they just need to optimise it.
2) the test needs further optimisation because at the moment it isn't good enough.
The good news is that they have stated in an RNS that the Affirmers work in a LFT.
But they haven't stated it works well enough to be a valid test. Yesterday's video showed what they need to achieve...
Those of us who were invested in IMM remember the Company were gung ho about their drug, but in the end it just wasn't good enough.
I now hold £20k shares here but this RNS made me take some profits, but to be fair I didn't like the Medusa RNS either and we quickly rebounded from that.
GLA
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The brand has a loyal following with a good profile for safety and is seen as trustworthy. We have another grandchild due in August and the name Mothercare keeps cropping up as the preferred choice across the generations.
The international franchise business was producing profits of c.£28m per annum which is our current market cap. Debt appears to be manageable but the BoD wants to recapitalise in order to grow. This will require a new CEO and leadership team.
The RNS was a holding one. Covid-19 has delayed progress but they make the point that debt has remained the same.
Clearly there is a business here, but can they take it forward, or is it an acquisition target? Not having a CEO helps if they want to sell. Also there must be significant tax losses to carry forward for the right purchaser.
I see this as a good punt before the herd arrive. Forget the share price moments as there is no significant volume. We might get hit by a rights issue to fund future growth, but there is no evidence that the current business is struggling.
GLA.
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@KaiSharp
I want to thank you for your knowledgeable and helpful posts. You are well researched and see this company for what it is, warts and all.
I only held here very briefly but wish you the very best for your investment.
Many thanks again.
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Apart from the 375 million shares they were going to issue, there were also 210 million warrants at 0.8p and 14 million options at .8p. All now (technically)exercisable. 1 warrant for every 2 shares.
Does anyone knowledgeable know if this further complicates the predicament the (alleged) forward sellers are in?
Bearing in mind the huge volume traded on Friday the evidence does point to a short squeeze. Reading the rampers and derampers posting history on other stocks compared to current SPs quickly identifies who is who.
GLA
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same with mine

@BillCn Many thanks for posting this. I feel for those who have lost their jobs especially having endured the lockdown and then find themselves unemployed.
I presume as far as the financials are concerned this is immaterial as it's franchise revenue from 14 shops out of 1,000.
I suspect we are still someway off any news from the company. They don't seem to be in any hurry to update the market on the restructuring plan.
Good luck all
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The last RNS on 30th March said:
"In line with FCA guidance, we are currently reviewing the timetable for publication of our audited annual financial report and a further announcement will be made in due course."
I'm therefore thinking they won't announce results until we have been forewarned they are coming.
The RNS was clear that debt needs to be funded but the Board wanted to avoid a RI. Boots start up delayed until October won't have helped and the Covid baby boom won't be until the end of the year if it evens happens.
But MC is low if the international profits hold up. Plus buy out potential.
I have 30,000 shares. Modest but I hope to to see a worthwhile gain within a few weeks.
GLA
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@RichKen - The result might be the same but as Vincente correctly stated there is a significant difference between Directors/Employees putting in their own money to buy shares, and being awarded options, which in effect cost the awardee nothing.
However it is of little consequence other than no director has purchased shares in our Company for some years, but they the ability to make significant money from a rise in the share price just as we all do, but they have no downside risk.

Avacta has announced they have a Collaboration Agreement with Cytiva to jointly develop the Test and for Cytiva to manufacture the test strips. Avacta retains the IP and the commercial rights to the Affirmers (only), but nothing I have read says they own the commercial rights to the test strips themselves.
Then Avacta agrees a sole worldwide distributor agreement with Medusa19 for direct-to-consumer sales of the test.
Therefore I'm surprised that Cytiva isn't named as a party to the agreement with Medusa19 as the joint developer and manufacturer.
Avacta has clearly stated they are looking for other test strip manufacturers as well as Cytiva to use their Affirmer IP, so that's fine, but I wonder what Cytiva thinks of the Medusa19 deal. A question for Thursday perhaps.
Any more knowledgeable posters than me got a handle on what appears to be anomaly?
GLA
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@YTSS
I, and members of my family were badly burnt with Immupharma. It crashed from 160p to 20p. I bought more at that price!
I thought it was Turner Pope who had brought in a large investor who put in £10M at 140p if I remember correctly. To be fair the Chairman did warn that the drug might not be statistically better than the placebo/Standard of Care, but we all ignored him.
Is Avacta a one trick pony? I think not, but if they announce problems with the PoC test after having raised £48M I think some big names in the city are going to lose their credibility.
Also good to see the MMs behaving themselves on Thursday and Friday. I suspect they will get a rap on their knuckles for the disgraceful manipulations on Wednesday, especially the closing price. If PIs hadn't been able to participate in the rights issue through PrimaryBid I think the FCA would have been inundated with complaints.
I'm pretty sure AVCT isn't another IMM, but I read and view everything about them like a hawk.
GLA
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Thanks BillCn. I suspect they would have to RNS the date though, rather than reply privately to you.
The silence is interesting. To me it suggests, as Luis says, something is cooking. Also a few buys coming in..
Does anyone know what all these tiny Automated trades are about? I can't fathom them out and Google hasn't shed much light on the reasons why.
Thanks and good luck all.
R

@BillCn Agreed. Difficult to know why the radio silence. Should be this week if last year was anything to go by.
GLA
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They announced final results last year on 24th May. I suspect that means next week at the earliest, unless the results are disappointing in which case might be a Friday afternoon job!
Market Cap is GBP 30M so if the underlying profits (ignoring Covid-19 related issues) from international are still there, then the SP should rise IMHO.
GLA
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@ BillCn I was wondering that myself. Looking at Companies House info the PLC and Global Brands Companies are showing end of March 2020 as the balance sheet date. I think these are the only businesses that now matter. These dates have been changed from October. Also there is a notice of Allotment of shares dated 18th May 2020 on the Companies House website. I don't know what this is about though. Beyond my pay grade!
So I would have thought fairly soon.
Good luck all.
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@ blundec4
I must confess to being a bit confused. Yahoo and Marketbeat articles appear to be based on data relating to MTC before the rationalisation. If you have time read though the RNSs relating to this, and posts going back a couple of weeks, you might gain an insight into the current business.
Also I am at a loss as to why you think the SP has been "pumped and dumped"? It has doubled having been significantly oversold. Dropped back a bit on Friday because of quite understandable profit taking.
Please forgive me but you seem to be rather ill-informed about this Company.
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@ Pikachu in normal times this should bounce once financials are released. We have precious little trading and cash information. Previous reports relate to the old business.
I also thought they may be taken out by Boots, but I suspect all retailers are hurting badly, and much talk that online in future will take a much larger share of high street sales. Could be good or bad.
I don't see this as a simple one way bet, but who knows... Least of all me!
GLA
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Adam I use the word "herd" to describe ill informed posters who arrive on a board after a significant rise or fall. I can't see any post pumping the SP, only a few dumpers.
It appears we have been successful in chasing them away though!
Good luck
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Joe
Only invest what you can afford to lose. I bought in at the end of November at 13p. Hovered over the sell button at 19p whilst in Lanazote in January but didn't sell. It would have paid for my holiday. Watched the SP drop below 4p.
If you can stand the ups and downs then hold, but I now take profits as I go along. Pays for luxuries but won't make me rich. I have lost £000's hanging on to miracle shares which can never go down lol.
In my view the issue here is liquidity. Have they the cash to survive the forthcoming recession/depression? What price to raise more if needed?
Good luck whatever you decide.
R

There were only 2 posts last week (and none before 16th April) and neither were pumping the share.
What is this Bill bloke going on about?
The herd arrived on Monday after the SP had risen 50%
GLA
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@BillCn What is there to say?
SP is rising nicely having been oversold. Adam's posts said it all and well done him.
GLA
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