Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
I am sure that holders and the BOD of ABDX,ODX do not agree with Sir Bell's comments, both companies received British government orders of which one was not paid and the other never materialised,
Happy new year Dodge, New year new start so I will feed as you put it, but if my hand is bitten then simply I will stop. Noel carries on here about meaningful debate, lets see if he can deliver. Strange action today/yesterday by MM's. Lets see what the update says which should land February. Roly
Noel and FLX holders, Noel what is your opinion of the year ahead for FLX ? Yes I have let you out of your cage to see if you can engage in meaningful debate , also would like to ask the same to FK1.
Hello Takenorisk, and a happy new year to you also, I am trying to work out the merit/point of your post, I only bought here during October and topped up some more a few weeks ago to give me an average of 1.8p, speaking for myself and not other investors here I look at what MHC have achieved during 2021, 2020 turnover of £75K and I think a loss of about £2M, and then 2021 with a turnover of £16M and profit of about £3M from a small company with few staff is some achievement, and the move by Penny to covid testing was quick and profitable, I can think of many larger covid testing companies with revenues well less than here. I can only assume that you bought near the high, hence your negative post here, but I for one will continue with my Blind Faith, Roly.
Hello all and happy new year, my eldest informed us yesterday pm that she has been informed that she is a close contact X2, she feels fine and our AVCT lft test is clear, however does anyone here know how long after infection but before symptoms does the test detect , many thanks, Roly.
I hear you jamrock, and having been a holder in AVCT, ODX and ABDX the British government support or more to the point total lack of support towards UK based covid diagnostic testing, is beyond a joke, as I live in Ireland we are not having any problems with a shortage of testing yet, just maybe a 2/3 day wait for PCR test, good luck, Roly.
Hi Jamrock, I agree the spread is crazy and will put off investors, but this is an micro cap AIM stock, I have noticed how often the spread changes during the trading day, I could not understand the 7% drop here last Friday, just MM's playing. With luck the trading update mid january will force the SP up as investors start looking at this, the only problem I see is they could be unable to provide guidance for the covid testing given how that market is so hard to judge into the future. If however they say that Boots/lloyds will stock the new product range when launched..............the SP here could be anyone's guess. My current holding here is 600.000 @ 1.185.
Results not till late march/early april, however MHC will provide a trading update mid january to confirm 2021 figures as per last months trading update, I must say for an AIM co MHC are good at providing market updates and I look forward to their guidance and new product launch timescale. My SP forecast here is 3.5p by end January and 5p end April, Roly.
I also bought a pack x25 a few months ago to be delivered to Ireland, Had to pay £20 delivery and then Fed Ex hit me with a VAT invoice for €59 plus service fee which brought it to €74, therefore in total €12 per test, never again.
Ripley, You are correct on 1 point, £1.20 not £1.30, there are over 400 approved covid tests on the government list i suggest you look that up, the fundraise was June 2020, I think you will find that AVCT have spent more than 20% since then but that is my assumption, your rudeness in your post says it all.
I have not posted here for a while, still a holder since June 2020 but at a large reduced rate. I agree with the comments by Wiggly 1420 post, many invested here early last year due to promises made by the board about various covid tests due to the market late summer, Bams, elisa, saliva etc... I remember 1 investors meeting when the board stated they would sell all that could be made !!! so yes, they have badly let investors down, the SP is less now than the june fundraise at £1.30, also the split was not 80/20 in favour of therapeutics, all that is left now is the hope that AVA6K is a success, I do not believe that AVCT will generate much revenue from the LFT as the market is saturated, over 400 test on the government website, at the end , investors are now dubious about AVCT and you cannot blame them.
I have three points and would like to hear other posters views on them.
1, JW did not rule out a raise, he stated that they were looking at debt.
2, Change broker, advisors.
3, When he said it wanted to turn HARL into a £500M company in 3 years time, was he referring to turnover or MKT CAP ?
stokey12, I read your point about NDA's, which is understandable say for MOD, however like all shareholders I just wish to see the SP decline cease, which will only happen with reported contract wins, once the contract lands the NDA ceases, I think. Enjoy the weekend ( Rugby,football, F1 and a glass or two of wine).
Lottie123 & stokey12, Many thanks for your feedback, much appreciated. my concern id that the SP will continue to slide until major contracts/FID for IM. Unfortunately the market has lost faith with the company & board, the board need to understand this, a share buyback always send out a positive message to the market, but is only done by companies that are producing substantial profits, which HARL are some way off from producing, atm my own opinion is a 100% sale of I.M. will secure the company, but it would be something that I would not agree with which I reasoned with an previous post. Roly
of 600,000 shares coincides with the drop in the SP at 11am, since the fundraise sales far outweigh buys, I have now initiated a stop loss that at this rate will activate next week, certainly do not feel like averaging down,
Given current cashburn rate, the latest fundraise will run dry in 4 or 5 months, we have had 3 raises in 1 year, of course the market will expect another 1 Q2 2022, IF the SP does gather upward momentum due to decent contracts, I think you will find that the investors who participated in the last two raises will be quick to offload, the SP here will continue to fall ( Nov 25th last blue day) until contracts land and FID for I.M. As I live in Ireland I will not be at the AGM tomorrow but hope that the board get a GOOD kicking, I hate to say this about a company that I am invested in, but they do deserve it,
volume than normal today, selling pressure might push price lower today, not surprised by lack of forward looking statement in the interims, might need larger sedatives !!
At a guess there will be an trading update mid January, until then nothing. Dactions, letsgetchecked is huge, actually an Irish co but US funded, current value $1bn + , probable nasdaq listing 2022 if it does not get taken out, very good website with over 60 products in the self test at home market, one of the main investors is Rory Mcllroy, imagine the PR coup to them if he became the face of the co for mens health, I would hope that MHC have taken a very long look at it. If listed I certainly will invest. re FLX very dissapointed by interims and lack of forward looking statement. Roly.
Stokey12, My own current opinion is that I have lost faith in the board for a few reasons, 1 Outright lies re not another fundraise for 12 months, and the RNLI rns, furthermore the CEO & CFO current salaries as per last reported accounts show that between them they earn about 8% of the current MKT CAP p.a. this is unheard of, you will struggle to find a better paid duo, those type of financial packages are reserved for fellows running main market companies that are producing profits, dividends and therefore shareholders value.,