The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Buying increasing, momentum turning very positive imo
At our current lowly price, the market values ONT at £983m, but when you factor in they have zero debt and £480m in cash/cash equivalents then the market have a £500m value essentially.
With its cash burn around £70m py, it has a cash runway of about 6-7 years, but expects to be profitable in 2027, with revenues expected to be 6-15% higher this year than last, which was £169.7m in 2023.
Someone is mopping up these cheap shares, next few weeks I'm expecting a continuous rise into the £1.40's region, especially as the June date gets closer
I agree directors purchased over half million pounds between them at around £1,28, only 6 weeks back.
I honestly believe this hugely innovative company is at huge risk to be snapped UP by someone like Illumina who are struggling for growth and could view Oxford as future competitor due to their superb portable devices, long read technologies and growing user base.
Seems we finally have upward momentum, how it ever was pushed sub £1, I'll never understand, it's no wonder some UK tech companies considering moving to the States to be listed....June 6th is the date when this company loses its IPO protection and can be snapped UP by predators
Never..mmmm, but I think you right on this occasion, just OLeary doing his best to bring down Airline stocks today, he is honest though tbf
Excellent piece on YouTube called Illumina vs Oxford Nanopore | Long-read hacking by Bad Genome
Always a good sign, adding to the big director buys last month.
This becomes a more interesting share at the end of the month when the no takeover protection the company put in place since IPO launch (to enable company to mature without cheap takeover) ends...making them in my book a target for the likesif Illumina who faked a long reads process, but it's not in same league as Oxford long reads
Agreed and it's the likes of Clive Black driving UK companies stateside.
It's not as though the tech investment isn't showing decent revenues (over £400m forecast for 24), the UK commentators have zero understanding or patience with tech, hence why more are listing elsewhere
The beauty about shorts is when they close (usually on adverse news to their position) they have the reverse effect on the price as they did on the way down, so I'm happy to have the shorters, who should be nervous at this low price!
Also added couldn't resist
Well let's hope we never see 90s again, trying to consolidate above £1, patience is key, I've a strong feeling we will look back on this price in shock it was ever this low
Very positive news today on market share growth, only way is UP from here, can't believe we're still this low.
Have patience and you will be rewarded
At long last this could now have legs and rebound strongly...I agree with board logic, this share would be multiples on Nasdaq
Value, today's trend is the trend for 90% of stocks as market is heavy down, you're a bit desperate with your commentary
Probably very likely now but this is bargain basement territory, I'm very tempted to purchase
Value - these are not results, this is just a trading update and you sir talk nonsense!
This is strong update in tough times, whatever way you try to spin it
Just purchased a tidy amount, I think these are tremendous medium term value at this level and don't expect it to stay down for long.
Short term price drivers, good trading update (eom), more deals especially on non-grocery tech (they indicate several interested parties), good inflation news and positive market conditions
Value - losses came in below market expectations as they invest heavily in CFC's with international partners, which is the future source of growth.
Ocado have said they have now passed the peak of spending and trajectory is now downwards as more CFC's are in operation.
M&S dispute needs to be settled as it looks bad on both parties but not likely until summer I think