Member Info for Urraca

It is easier to consider the current market cap as representing 5% of the new market cap. It implies a value of £460m. Up to you whether you think that's fair, too much or too little.

I'm sure we're all glad to observe that the ask for the bonds has moved up to 69.75.

I can't access the current price if HUR bonds, but last time I looked, they could be bought at @ 45% discount. Seems to me that'd be a better use of the cash pile the management are sitting on.

Why didn't they issue this at 7am? And 95% of the company for £50m? This has got to be a joke, right?

Buy or sell, once that trade had completed the brakes seemed to come off and the sp started moving back up. If it was a buy order, the price was held down to flush out panicky sellers to fill it.

JSP123, the key metrics are market capitalisation (number of shares * share price) and enterprise value (market cap + net debt). It is possible to drill down into finer detail to get other metrics.

In terms of comparing companies, you need to look at what they're doing. But ABDX and ODX are in the same sector, doing very similar things. Placings are also helpful, indicating what the big boys are prepared to pay. ODX did a placing in July last year at 40p a share. ABDX in their IPO got 96p a share. Incidentally, ABDX has been around since 2008, but only on AIM this year.

Anyway, that's the bare bones of value investing. Both ODX and ABDX trade on AIM, with lots of private investors like you and me, so in the shorter term anyway, sentiment rules. I try to sell 9n euphoria, and buy on gloom. So I've gone large on NCYT and ABDX following their sharp markdowns. I believe they'll recover. I've been in and out of ODX over the last year, and currently out.

Wiggly, an Institution could have rules such that if an investment drops more than 10% they just get out. I highly doubt they would actually have a stop loss just sitting on their account which got triggered. They could have had an internal algo which did though. You'd have to track back through trade data on Tuesday, and try to match in late reported trades.

I believe though that the gap down was very severe, and it opened at 8am on Tuesday around 54p. Which does imply that a very large sell order had been given to brokers.

And 58 to buy, bouncing up sharply.

So, if UJO's stake is worth 40m, how much does that imply RBD's stake is worth?

Yes fair point Wiggly, when they start selling they will have huge stock reserves to draw down from.

Wiggly, ABDX have actually had sales, for example the 1 million AbC-19™ rapid tests for biobank which I and others have had and used. The problem is not being paid for the goods by the Govt. although I appreciate they are also slower to sales in other areas than previously anticipated.

Would be hilarious. And very nice.

Oxygen, we did manage to get rid of one expensive tier of incompetent bureaucracy etc. Still quite a few tiers in the UK, devolved govts, local authorities of wildly differing competence, police and crime commissioners funded by top slicing the police budget, overstuffed House of Lords. There's been a huge growth in the number of politicians gorging on public money, diverting it away from front line resources. Has it made things better?

I knew Alex personally. Don't think he never got up to dodgy stuff. One thing that he instigated blew up on me and led to me leaving. To be fair, Gordon Brown didn't like me either.

I remember when I was in the civil service having to work for the guy who'd overseen the implementation of a new payments system for the Magistrates Courts (back in New Labour days). He was probably the most useless, crooked civil servantI ever came across, bar a special adviser who Brown had insisted be appointed a very very senior civil servant, without a process. Anyway, the Magistrates Courts payments system was a total disaster, bills were not paid, that branch of Government got sued, bailiffs were turning up at Magistrates Courts to seize assets in lieu. Staggering, and almost deliberate, incompetence. The guy got very well looked after and some junior staff git screwed. It's looking to me like DHSC is collapsing under the pressure, and is being mismanaged by some hopeless civil servants who wouldn't get professional management if it smacked them in the face. But it will get sorted out eventually.

There seems to be some pretty heavy buying if RBD today, and yet it isn't reflected in the price. Weird. But also encouraging.

I am afraid Infinis that even though I am no lover of the Tories, and including all we now know about the current Govt's cronyism and general incompetence, I would still vote for them ahead of Labour - even with Starmer. I worked for Labour for many years. Believe me, they are no better.

I didn't manage to time my ncyt buy on the dip as well as you did Cornish pixie (can we call you piskie for short?), but I've still made a decent profit there already. Although I just want to bank my ncyt shares, they're the daddy of the covid stock.

I've bought 2 tranches here this morning, and may buy some more in a bit.

I'm in for some. I don't know what DHSC are playing at - here and NCYT - but they are the Government, they will cough up sooner or later. As I said a week ago, I'm a biobank participant, and I've had a test from Abingdon as part of that.

Truthfactory, you can cash in a portion of your Corallian shares now, or wait around another year to probably get a better return in the 'liquidity event'.