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Perhaps you should research how much govt funding was available to them
ODX have a life outside the UKRC remember and need to expand outside the UKRC
Key Points for Me
- Has Raised £8m in heavily oversubscribed placing
- Just £3m more to be raised, should be raised within the Hour so expect an update on that as well very soon
- Glad raising was done now before the release of any news , DF, Sales or whatever,
- Existing & NEW institutional Investors and Wealth Managers ( A greater % of company holdings now is allocated to more of Medium - Long Term Holders i.e institutions and wealth managers rather than private investors who often trade stocks on a daily basis for every 2% increase )
- Colin King, CEO of the Company commented:
"This Fundraising marks another significant moment in the Company's development and we are pleased with level of support shown from our existing shareholders and new investors in the Placing.
-The net proceeds of the Fundraising, amounting to between £7.5 million and £10.5 million, depending on the take up of the Open Offer, will be used to exploit opportunities the Company currently has with COVID-19 testing, to scale up manufacturing, to undertake work to improve the margin of its VISITECT® CD4 products and to expand its lateral flow product portfolio with products which are complementary to its VISITECT® CD4 products.
- "We look forward to being able to update the market on the progress made on our COVID-19 testing opportunities along with the opportunities available to the core business with VISITECT® CD4 and Food Intolerance."
There must be an update next week !!!
they always like to seem smart in the public eye lol funny enough if you read the placing news you will understand its actually positive
punit ask the same question in about 40 other share, may be worth a filter ...i dont mean to be rude but .....
Of course private investors confidence will be affected , as a consequence , price may fall pending when they are able to provide new updates/info
ODX market is efficient hence why the equilibrium price pending when new information arrive the market. Unlike other covid stocks who lose or gain 50% even without any new information to the market.
because its a share ... they rise and drop, if you are worried about hourly movement then you may be better off trading rather than buying stocks to hold ?
@Elon yes they bought part of the diagnostic business few years ago, perhaps they might consider buying it all ?
I haven't read or researched about the rumour of possible M&A but then , considering ODX current market value, its worth a grab now than wait few months and pay double the price, don't you think so ?
And i agree , buying SNG will be perfect in terms of diversification and completeness
Mind you, this response is being typed by CFA certified & IMC certified human being, so if you are anything less just F-O. I bet you was a customer service personnel in the banking sector for 42yrs
Why do i even think you was never close to a bank talkless or work in one lol
Stop being miserable and grow up.
Rameriz i doubt your acclaimed 42yrs professionalism , or do you mean 42yrs of being an idiot ?
It will DRIFT yes we all agree can you F-O now ?
Its obvious people don't want to hear from you. 42yrs in investment yet not 1 convincing reason as to why price will fall. How did you survive in the investment industry ? The fact that you work in investments (which is a lie anyway) doesn't mean you know anything about stock prices. There are different parts of banking and investments that purely knows absolutely nothing about stock pricing and company valuation so stop embarrassing yourself thinking every one here is an idiot. Its too early for this nonsense please , i believe you are human with brains, please don't proof me wrong.
NOvacyt acquired pat of ODX few years ago, its in one of their RNS
BRH is an investment firm, less driven by speculation in comparison to other covid player.
These company made investments in firms and i am sure they do not expect profits in a week or 2 like some of you.
BRH is a buy and hold for now in my opinion. Few months atleast, anyone expecting this to blow in a week should sell and go else where.
That's the market globally
We are excited but lets not misinterpret/exaggerate please lol
Probably the most stable/less volatile of all other covid stocks.
GDR/AVCT/NCYT for example.
They move every time i blink
The problem is alot of people are invested in most of these stocks just to make a quick profit for a week and flee,
I am sure they are aware of this and thats why the price will keep getting battered and will be only beneficial for mid-long term holders .
https://twitter.com/Abingdon_Health/status/1271122545010450437