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Personally, I wouldn't prefer another AIM, especially ones not generating any income. If you are happy to wait then there are better deals with known businesses like NEX, HYVE, CINE, TUI, EZJ etc etc. You will atleast double your money in 1 year.
Joey: that is what concerns me. Where will the sp be between 1st Oct and the next news.
Having said that, CE mark may land this month, before placing. They won't wait for placing completion. Company will have to release the news immediately.
I question Preefty has made his mind up. For me I am not sure. One option is to move money somehere where some gains are imminent ( like ODX etc) for next 3-4 weeks, hoping to recover some losses and jump back in after the placing. Another gamble!
Dave: we all have lost money including you but we need to make decisions on recovery plan. I won't go into the age old discussion of who was right and who was wrong.
So as we stand here at SP of just over placing price, I believe that it is deliberate move by Peel and others until the placing is done on 1st October. The question is where will we go after that. We are expecting two CE mark news. Possible scenarios:
1. AIHL approved: we will go up a bit but unlikely to be above 40p. This is most likely at the moment.
2. POC approved: sp spikes but unlikely to reach 100p.
3. POC not approved/delayed: we go back down to this price again.
4. Both gets delayed: God knows what happens. Possibly preCovid Level of 10p.
So the difficult time will be between 1st October till the CE mark news. I think the brokers will let it go in any direction. Looking at the market trust, unfortunately I see more reds.
So the question is what do YOU think is the best option. It looks like you have no trust in the company. Are you willing to lose more and stay or look for alternatives?
I hope to get better recovery than 30p. We were in 40s, before DB sh**ged us, because of financial uncertainly. This is now secure for a year or 2. We have been pim*ed to PEEL now. Let's see how badly they want to screw us
Thanks MIKODX. I haven't moved anything so far and unlikely to do anything tomorrow. I am sure there will be tons of lucky people getting in at this price as a trade for a month or so. No point in selling. I am 70% down anyway!
Star: COVID POC certainly is an attractive one for lot of hospitals and workplaces. Only last week, one of my friend who works in private hospital theatres was sent home after feeling minor symptoms, eventhough LFT was negative. PCR swabs were taken but take 24 hours To give results. The theatres had knock on effect for 2 days due to staff shortage. I am sure they wont mind spending few quids to have onsite PCR POC machine. Just an example
Clark: I am very jealous of you and Jay who can average it down to 50p. I am even more jealous of those entering at this price.
The question is the money you put in here can be used elsewhere to generate better return? Eg: in ODX/AVCT/NCYT for atleast rest of this month?
Technically, it won't be difficult to supply 200 units in UK. The NICU units are well connected with each other and it won't take long to spread the words. If I was running the show, I would send all units free kits in one day to use straightaway, with evidence from our study. I think the machines are given on loan term basis anyway.
Clark: IIs are not stupid. They must have seen evidence that there is a viable business going forward. They are not into multibagging. 10-20% short term returns are usually enough. Once AIHL is through the CE mark, UK +EU will, in theory, capture £35m market for long term with no other competition. It will soon get added to NHS best practice and will start some income by end of this year. Company MCAP will reflect some of the EU business potential and hopefully give some a nudge to over 50p.
Rodney: I'd you read the 2nd RNS, they have painted a bleak picture for the company if shareholders don't approve the placing. For the markets, it will be dead company. It has to go through approval. It is upto is to take the shares or not.
I also believe that they have deliberately made the business look like a failure, which I think may be a bit exagerrated. It is mainly to make us accept the offer.