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There will still be a dividend of 18p for the year.

Sell 358.9 Buy 360

the drop is over done. Like the FT blogs says they don't supply Asda and Morrisons so there is still room for expansion

Just over 4 weeks and if no decsion CBSF is correct it will be around 30p returned for each share. Can't believe there is not more chat about this??

You might want to read this link from Hoodless Brenan which has them with a sell of 36p and the reasons why http://proactiveinvestors.co.uk/companies/news/12091/hoodless-brennan-daily-smallcap-newsflash-including-savile-group-teg-group-idatech-fairpoint-trafficmaster-and-others-12091.html

Whats everyones thoughts?

Avacta Group plc Unaudited Preliminary Results for the year to 31 July 2009 A year of solid commercial progress Avacta Group plc (“Avacta”, the “Group” or the “Company”) which develops detection and analysis technology and services aimed at the pharmaceutical, healthcare, security and industrial sectors, is pleased to announce its unaudited preliminary results for the year to 31 July 2009. Highlights: - Flagship product Optim launched and initial orders secured - MIDAS diagnostic platform on track to launch early in 2010 - Avacta Animal Health division established following strategic acquisition - Revenue growth of 100% to £0.94m (2008: £0.47m) - Underlying operating loss £1.82m (2008: £1.53m) - Reported operating loss (including non-recurring expenses and share based payment charges) of £2.86m (2008: loss £1.65m) - Year end cash at bank of £0.88m (2008: £1.10m) - Current cash £2.1m following successful placing of £2.0m completed during November 2009

There are not enough Buys going through and small sells seem to affect the SP dramatically. Unfortunately I believe more buys will not come until the sign another contract for optim or the spread is decreased from its current 29%, that’s a big hit to take. I for one believe that they have the potential to win more contracts; it’s just the matter of holding tight on this one. Their last contract win was from another global biopharmaceutical company which says a lot about the product they are selling, hopefully some more company’s will see the benefit and get onboard.

I think the issue is bigger than their gross margin (where are you getting these figures?) they continue making losses year in and year out, their last good full year accounts was 2006 with a turnover of 297.24 and a profit of 21.44m. In 2007 and 2008 their turnover remained consistent but went from making profit to losses of 13m and 9m in 2008. 2009 full year results were a new ball game with turnover reduced to 267m and losses growing to 14.4m. However on the other hand they have a fair debt ratio of 20 and NAV at 68m with their market cap only 11m so undervalued on their assets alone. The question is whether the stores they have decided to close were attributing to their heavy losses and only their results will prove if this is the case, the issue is the high street stores are up against stiff opposition from online retailers who have lower overheads without the upkeep of high street stores. On this alone I fail to see how they can return to previous highs but do not rule out a return to a profitable retailer all IMHO so DYOR

Interesting coverage from Hoodless on article below on their projected performance of 10p+ EPS for 2010 with a 100% rise in SP even after dilution Rotala (ROL, 47.5p, £12.85m) Has announced a placing to raise £2.15m by the issue of 5.774m shares at 40p, a 15% discount. The group has commented that the second half of the year continued the growth trend with commencement of bus operations in the Bath area, northern Birmingham and a commercial/subsidised network in Worcester. In addition the ground transportation contract with British Airways has been extended for a further 5 years from the previous expiry date of February 2010 and Cathay Pacific has awarded a similar contract worth £0.15m per annum. The placing will help fund growth including the acquisition of a new depot in the Bath/Bristol area and 15 new busses for the BA contract. The group remains a BUY. We are raising our price target, despite the 17% dilution from the placing, to 100p as the group is nearing its November year end and thus investors will focus on next year’s 10p+ EPS.

Still worth keeping an eye on this one, high risk but their closure of 89 stores and trimming their HQ staff can only be a good thing, hopefully it will open they eyes up of the ones that have managed to keep their jobs too and they will pull their finger out and improve things or face the closure of all stores. Should be interesting to see what is agreed with the timeline on the restructuring required by Lloyds requested by the 30th October nearing to secure future financing or face administration. IMHO a high risk punt but with the possibility of high rewards if a fairytale turnaround happens. I think they will fall further as we near the 30th of October if we hear no news with investors becoming nervous of losing their already heavily deflated investment in blacks and cutting their losses, all IMHO and as always DYOR

Not sure if anyone reads the posts by Hoodless Brennan but read the following on their website posted 6th of October, they will contiune to posts update on their site here http://www.hoodlessbrennan.com/stock-research-prices/small-cap-flash/read/ as the company develops with continued recommendations etc on the Avacta's future and SP price. Avacta (AVCT, 1.9p, £21.90m) has won its second order for its flagship product, Optim, that helps reduce the risks in drug development. Encouragingly it was won from another global biopharmaceutical company. Still a SPECULATIVE BUY

The EGM is on 21/09/09 and I think this one is worth holding until we hear what they have to say, there are still some large buys coming through with lots of small sells dragging the SP down. If the sale is agreed they are worth 4 times their current market cap with just what they would have in the bank, of course all depends on the outcome of the EGM and what their future plans are. I have decided to ride it out until the EGM and hope its good news!

this isn't flying....when there is likely to be a 10% min gain on this.

How long do you think they will take on deciding to go with the proposal?

http://www.growthcompany.co.uk/features/1046352/small-cap-weekly.thtml

Whats your thoughts on the results due next week?

Is anyone on here following these? There results are due next week. Any thoughts?

I don't think there will be much movement unless they release a trading update etc. I hold some stock of these and think they are a good long term investment. I agree I think they will also reach 8p at some point in the future but they maybe bought out before this and I believe Colin Stewart were talking about 11p as a takeover price est if this were to occur.

I meant to say 2008 operating costs not 2007!