Member Info for Richard08

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!

Sales continue on an upward path clocking 25% increase? Yes please TRX!

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.

Very difficult to make a realistic prediction I’m afraid. This is a non-profitable biotech on AIM after all. I would say though, that if break even happens, and the current double digit revenue growth continues and sustainably TRX grows double-digits every year then it will be worth substantially more. The company needs to achieve these milestones to overcome a certain amount of baggage which is also weighing down the sp. I am encouraged that the recent big moves by investors appears to have been interpreted positively by the market.

You do start to wonder if someone knows something we don’t!

There does seem to be some sizeable movement of ownership going on. Just he run up to results in Sep? As some are increasing and some selling I’m not concerned. If they were all dumping en masse I’d be more bothered.

Given the low impact on the sp someone must have been snapping them up. They’ve held for years, not a good sign such a large reduction. Anybody any thoughts?

Sounds reasonable BodRuncie. Either way, it will put TRX onto more investor's radar and increase interest hopefully.

Just out of interest, how does someone put a £1 million trade through without causing the sp to jump?? Surely there should have been some reaction? Is there someway of organising these things under the radar?? I mean, I know Warren Buffet gets to buy things en masse before it becomes public but I don't think he's interested in small biotechs. Unfortunately!

Very impressive, shows some real interest in the company! We will wait and see what happens next!

Given how the major share holders have stuck with this company for so long, it would appear to be against their investment philosophy/mindset to take a quick bounce and sell. it's obviously difficult to predict another investors actions but sticking with TRX despite several opportunities to bail would suggest they're in this for the long haul.

I think there’s limited evidence to support the idea that a further fundraiser will be necessary for TRX. Management did say at the last call they believed they were funded through to profitability (but increased their debt facility just in case). I don’t think they would have said that unless they were confident. Given the absence of any news in the US regarding elective surgery rates falling, covid surging causing probs etc would suggest that no news is good news and we will have to wait for the next trading update for specifics.

Afternoon MrTibs, historically we get an update early in Sep as the half year results. We have no reason I am aware of that this timetable has changed.

There is a general consensus that the results should be good and that the long awaited breakeven may be announced, or at least we will be very close! Certainly the latest Hardman report intimated that everything was trundling in the right direction.

https://www.bbc.co.uk/news/uk-england-oxfordshire-62040946

Invinity doesn’t get a mention directly unfortunately but those who know, know!

Really positive news - there is a good run of information at the moment showcasing what this company can do.

Well that all seems ‘steady as she goes’ with no surprises. Admittedly I’ve skimmed it but nothin leapt off the page!