I’ve been having a nosey to see if I can find other companies that Imthallo hold but without success; anybody else know of any? Incidentally Richard Snellor would have been at Baillie G when they chose TRX for their Edinburgh WorldWide Fund. He managed a different fund, very successfully, but it’s possible he’s been watching TRX for along time. The fact that he has invested now gives me huge confidence.
Absolutely HighlyGeared, huge amounts of due diligence will have been undertaken by them, maybe under a NDA? We may find out more at the interims. Either way, massive vote of confidence and will encourage others to buy and discourage sellers.
Big vote of confidence that, have a look at their website. This is exactly the kind of positive attention that will get TRX moving. I sense a bit of FOMO kicking in today, never thought I’d see it! I’m going to jinx it now by saying last time perhaps that we will see sub 0.5p? Believe me when I say that I’m holding every lucky charm whilst typing that!!!
Absolutely, and the sp agrees with us this morning!
RNS says it all really, there’s nothing like a legislative push and vast amounts of govt funding to kick start something. This company has more than enough American connections to appeal to the US investor, excellent timing for the OTC listing!
Almost 10% of the share float changed hands today. And in a positive direction for the sp too. Will be interesting to see if the momentum spills over into tomorrow too. There are only so many days left before the September results come in. Buy now whilst stocks last! Several attractive points to TRX right now:
1) Operates in medical 'device' market which is largely inflation proof. Obviously also in healthcare sector which is inflation resistant in itself so a double plus.
2) Hopefully (don't want to jinx it!) TRX is about to break even which will obviously help the companies image.
3) For the chartists out there, brace yourself for this insightful analysis, all the lines are pointing upwards so therefore I'm happy! Seriously though, it's above the Ichimoku cloud having also passed through the 50 day moving average a few weeks ago. The 200 day is at about 0.55p so not far off. Passing through that would be a really bullish signal.
4) Everything is priced in US dollars, which lets face it, is a somewhat stronger currency than the pound at the moment.
Fingers crossed and good luck all!
Minor adjustment by Harwood there, hardly worth noticing.
But, Happy Yorkshire Day to all the fellow Yorkshire men out there. TRX is also from Yorkshire as you probably know although only loosely connected these days…
And don’t worry if you’re not from Yorkshire: no-one is perfect ;)
To be honest Agricore, I was lazily reading it off the ratios menu on Trading212 so I have no loyalty to my ‘calculation’! Certainly looking at your suggestions we can agree this is undervalued to a large extent. Given the pipeline and the approximate conversion of this to sales & revenue there is definitely a market there that is being severely discounted by the market.
Whist IES does not have a PE ratio at the moment, the PS has dropped to 14 (it was up at a silly level in the thousands before the latest trading update) which is still relatively high but the price to book value has dropped to 0.89 which means IES is technically undervalued. Now, there are obvious reasons for this, but for those who have completed their due diligence (and let’s face it, have a lot of faith in Larry et al) now would be a ‘safe’ moment to buy more. Ben Graham used to swear by the PB ratio, although Buffet has more recently questioned it’s viability as a measure. However, stocks with their PB below one are still regarded as undervalued. GLA
https://www.proactiveinvestors.co.uk/companies/news/988077/tissue-regenix-four-pronged-strategy-helping-deliver-on-growth-aspirations-988077.html
Nothing new here for the well informed holder, but good to see a positive write up from a neutral source.
This appears to still be a largely undiscovered gem that keeps delivering. It will be interesting to see the market reaction today.
Yes, sounds promising… to be honest I’m childishly too busy listening for Katy P trying to soften the K in David’s last name! I bet he’s heard them all… good market reaction to the results today anyway as Mr Market has time to digest.
Absolutely. Seems like some of the natives have caught on today mind you!
I've only skimmed the Hardman report whilst pretending to be working.... but the loss for 2022 should be small (if there's a loss at all) and I think it's more likely they will use their expanded credit facility rather than do another capital raise. The amount raised by another capital raise would be small given the sp and what's gone before and the loss of reputation which has been hard won by Daniel and David over the last year or so would be reset to zero. We shall see what happens, but either way I am not concerned as the company is clearly on a stronger footing for the future and barring further black swan events should do ok.
Very quiet on this board, but seems to be a good update given the macro picture economically!
Hopefully so RN1MLT. I am encouraged by the sp holding steady this morning (so far) and there not being a sell on the news. Also, Harwood Capital seem intent on increasing their stake which is also encouraging. We await the full update in September with anticipation but without worry; fingers crossed!
Personally I don’t think it will get taken over any time soon. I doubt Premier Miton would have sold out if it was as they are more likely to be in the know. Certainly, we would get more than the current sp. But as to how much, your guess is as good as mine.