Member Info for Sparta10

Adam would you prefer to be invested in a business with a 1 year cash run way or a business with a significant cash injection which is to be used to scale up quickly. The c£50m cash has given Avacta a significant advantage so why be negative...

This is a highly regulated industry unfortunately things will move a little slower than you want...

I think we will gain 15-20% today let’s see...

Now watch this fly....

They are only opening 10% of stores so they can keep the vast majority of their staff on furlough during a typically (after Father’s Day) quiet quarter. They can also see how the opened stores perform with social distancing. It sounds like a good move to me as they can still push online sales for father day.

https://avacta.com/wp-content/uploads/2020/06/AvactaGroupplc_5_6_20_FINAL.pdf

I would love to know how many people who were moaning and/ or angry this morning have bought more shares at 120p. Are theDe hypocrites going to own up please? ??

What a day.... gutted I couldn’t buy any through Primarybid at 120p but topped up heavily at £1.43 instead as this is now going to fly... All these moves today demonstrate that this business has now got some legs....

I registered but you have to select your broker and mine wasn’t listed. Was advised to call or email to request my broker be added to the options but no response. Phone lines got straight through to voicemail. Looks like I’m going to miss out on buying at 120p so just bought some on the open market at 1.43 instead. Frustrating to say the least but I wasn’t going to faff about and miss this opportunity to top up....

Just seen this too... interesting note in the about Avacta section. Doesn’t mention Covid-19 once. Only presents their non covid work ??

Exactly... it’s short term pain for long term gain.! They’ve now got the coffers to execute their plan. Once it drops to 120p this will pick back up quickly.

BACKGROUND TO AND REASONS FOR THE FUNDRAISING

Pursuant to the Fundraising, the Company proposes to raise up to £45 million (before expenses) to fund the rapid scale-up of the broader Affimer® diagnostic products opportunities including COVID-19 antigen rapid testing and accelerated expansion of the in-house Affimer® and pre|CISION™ cancer therapy pipeline.

A lot of people panicking. I’m holding....

https://apple.news/AGJMb1IK8Sg6Xd4U6vtfNkQ

Roll on Monday....

https://www.sharesmagazine.co.uk/news/shares/card-factory-folds-on-christmas-disappointment-and-dividend-concerns

Expected £81-83m EBITDA. I’ll take that....

Boohoo have been the pioneers of “fast fashion”. Their huge success has been built on building a slick and efficient supply chain. You order a nice new frock at 9pm on a Friday night and you can wear it out on Saturday night. To me them seem like the perfect B2C partner for Avacta as speed to market will be so important if they are to make a significant grab for market share...

Card factory have got a huge advantage over their competitors.... they manufacture and sell through their own shops which protects the margins. It costs about 4p to manufacture a card and they retail through their own store at an average of £2. The margins aren’t as great when they are sold as concessions through Aldi etc but covid-19 has certainly forced their digital proposition and I’m convinced this business will be in a strong position when their stores are reopened. I know Hallmark Cards sell theirs to the likes of Tesco and suffer huge margin erosion. We may just start seeing a healthier balance between online and store sales at Card. You really can’t go wrong with this stock...