Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
it was way oversold. with revenue 11m. mcap less than that.
twatter.... not exactly , they needed money to allow faster future grow, they will managed with current cash flow but going to be harder and take longer ( they said something similar during presentation)
dont forget this company actually have non-covid revenue around 11m.
so it wont go bust without placing, like GDR
it's hard to buy because nobody is selling [anymore]. took me 10 min NT to get some.
have a look at yourself and decide
https://www.lse.co.uk/share-fundamentals.asp?shareprice=ODX&share=Omega-Dia
31 Mar '21
Revenue 8.73
Earnings per Share (Basic) (1.20p)
31 Mar '20
Revenue 9.82
Earnings per Share (Basic) (4.84p)
all the big losses were because of the fockerment contract. the loss making covid business is gone.
should be profitable business
it was easy to buy an hour ago:
29 Mar 2022,BUY,ODX,LSE,56794,3.65p,£2080.98
now it's NT to buy ...
no sales, still pumped and valued 26.5m
ODX has mcap 6m and revenue increased by 81% to £5.73m (H1 '20: £3.16m)
call me crazy but i topped up with ODX
we had revenue around 6M .... our MCAP is almost the same. prices is a joke. (cheap)
ODX has income, they just have to work harden now:
Financial Highlights:
· Revenue increased by 81% to £5.73m (H1 '20: £3.16m)
§ Health and Nutrition sales up 62% to £4.17m (H1 '20: £2.58m)
§ Global Health revenue up 170% to £1.56m (H1 '20: £0.58m)
· Gross margin decreased to 34.4% (H1 '20: 42.9%) caused by increased direct labour in anticipation of DHSC COVID-19 contract work
· Statutory loss for the period of £2.75m (H1 '20: £0.28m)
· Adjusted EBITDA loss1 of £2.45m (H1 '20: loss of £1.29m)
· Adjusted loss per share1 of 1.3p (H1 '20: 0.1p)
· Cash balance of £4.7m (H1 '20: £7.0m)
They got rid of the loss making business. maybe one they it will be profitable.
Til than bottom drawer.
ps: shorters burning?
thanks for the help ;)
you are right , this is gambling, but stock market is. especially nowdays...
we are all grown up[arent we?], we have to make our own decisions.
ps: i'am as p!ssed as everyone. bought with AZ at 0.65.
ps2: did avg down a bit since.
ps3: maybe one day I'll break even, no point selling at this stage
Or look at it this way:
GDR has 2x MCAP of ODX.
GDR has no revenue, just living from placing to placing
ODX has some revenue, but lost **** loads of money coz COVID. if they get rid of the lose making business.
they could have revenue ~ 10m
so there is some hope on the long run.
I am not getting out. no point. already lost 90% of the capital, the rest of that 10% is just beer money. might as well just wait for a pump/dump.
once II are onboard, they will pump the price.
Bottom drawer for years, me thinks.
Those who think the placing will fail are wrong.
if II wanted to buy 98,700,000 on the open market, they couldn't. that would be quite a pump. imagine the volume.
price would go up a few folds.
so even if the price is below 5p, II will be happy to get 1/3 of ODX at 5p.
if not, than what, we already f....ed as hell.