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Yes the financial situation is a concern but only in that it may result in huge dilution to existing shareholders. I don't think there is anyway this technology will now be left on the shelf and will get to market one way or another. It's just difficult to see without funds from orders how they can get to complete the accreditation process without further equity raises and at 200% 25p warrants that's alot of shares.
It appears funds are available when needed which is good in itself but in this present climate they can drive exceptionally hard deals. The requirement to continually raise money has been a consistent theme here for many years and the management have so far been able to navigate a way through this so I don't see them failing at this final hurdle it's just at what cost. I've been able to average down and if I'd kept funds back I'd be doing it again at these low levels but unfortunately I'm heavily in this now so will just have to wait for the good news and hopefully subsequent increase in sp.
Not sure what to make of this RNS as Tony P provided a link to this product on the cpx website last Friday that didn't generate this level of interest and the video link from claretjay is about 3v capacitors to replace coin cells yet this rns is about 5.5v products.
Still great to hear about new product markets and more potential sales. Half year results will hopefully confirm the positive impact all this is having on sales.
It would be great if they were building other machines especially for Harley St but can't see it due to financial constraints. Whilst I do think we will end up with further dilution I'm not sure how far they will go considering how much board members have personally invested. Somehow they need to magic up substantial funds and commence parallel activities of manufacturing and accreditation progression. Converting the existing potential orders into secure contracts will be a good starting point. They really need to give the market some positive news as this rock bottom sp is not going to help them commercialise this technology.
Agreed the warrants are a slight concern but more so are these relatively small monthly raises. A longer term strategic approach must be adopted especially with first patient treatment not until H2 2023. I'm hoping they have something being arranged imminently and these monthly arrangements are just to infill until all is sorted. Cash from orders would be ideal and might be what is forthcoming hopefully some good news will arrive soon. Strange to get to such a technological milestone yet financially appear to be as weak as they have ever been. Maybe FDA approval will come soon and a US listing of shares to bolster up the finances who knows but unfortunately us lth's look like further dilution is inevitable.
Having to give 200% in warrants now which is not surprising considering the dire state of the markets. No sign of cash from orders arriving if things don't progress quickly the vultures will be circling around to pick up a bargain. Funds are going to have to come from somewhere to get to full commercial roll-out hopefully in a way that's not too damaging to existing shareholders. Like many here very surprised to the reaction of achieving 230MeV but I guess the harsh reality is that commercial viability is required to get the sp moving.
I'd hope that the auditor's would only allow the debt to be settled with the equivalent number of shares valued at 25p each and not an increased number of shares to reflect the actual market value of around 17p each.
This news is a bit of a non event anyhow and what we really need is news of orders and continued progress towards accreditation.
Not quite sure what you mean with the below comment unless you meant 'hasn't changed'. SP is rising anyhow so looking good whatever you mean.
If the recent malaise was because the Newlands were allegedly selling why has the CPX web site changed (2.9%) ?
Just watched the investor day presentation.
https://www.avoplc.com/en-gb/Investors/Investor-Day-November-2022
Amazing technology flash is like rocket science and the potential treatment of other non cancer conditions is incredible. Takes time to digest the potential but really important to understand how the technology has facilitated an innovative finance agreement that should really help speed the take up of these systems. This type of finance is not available to cyclotron machines but the modularity and transportability of Light puts it in a unique position where large initial capital outlays are not required and avo will benefit from years of future treatment and service revenues.
I know we've been saying it for 6 or 7 years now but I really think this time they will deliver on the numbers such that the rise in sp will be sustained and probably exceed previous highs. I just have a feeling you might be kicking yourself if you sell up at around 14p. The market makers will be able to have fun with this when the good news arrives with those not selling at 14p panick selling at 8p then cursing as rises up towards 20p. Anyway I'm off loading some at around 20p then holding the rest for 57p innit!
I'd rather put a 4 after the sp 164p would do very nicely and is about what i think this is worth at present considering the investment to get here developing a piece of ground breaking technology.
Same as me have a lot invested here now thankfully with an average that will not take too much to break even. Seeing a fully working machine operating at 230MeV is much needed when looking at this sp. After getting this far just can't see this being allowed to fail but hopefully they can succeed and preserve shareholder value along the way which looks to be quite an obstacle from this low level however sentiment can quickly change.
Didn't expect Avacta to pop up at the end of this article. Hopefully it's a good omen and we soon hear positive news.
https://www.share-talk.com/4-best-high-risk-high-reward-ftse-aim-stocks-to-consider-for-2023/
I think you'll be ok with buying at that price PM. I tried it at around 22p but unfortunately it's drifted lower although my average has benefitted. Don't forget OAM and others have made significant investments at 25p so they must see potential so to get in way below that is not a bad move I think.
Yes thanks for the update point taken about becoming impatient with timeframes. I'm still holding like many and I'm sure at some point we'll be over the moon with the flow of orders once this next phase of accreditation is completed.
With ABB being one of their partners the massive scale comment is very likely to become reality. This is one of the many IoT avenues that cpx are involved with. The murata deal alone will probably provide the numbers we hope for and with the recent Ioxus success and announcements of additional products this really is looking to be one of the more reliable bets on AIM.
90,000 ships to target from their website. They might be a small startup company but I wouldn't underestimate their capability. Some of the most innovative technology has come out out of Israel. Let's hope this takes off in a big way.
Open it isn't anything that sinister look at the wider market. Technology shares have heavily declined this year with amazon alone losing $1trillion. Unfortunately as well as cpx are doing we will have to wait for the market to recover to feel the full benefit of their progress.
Absolutely Mer in this crazy market best to sit tight and hold on to any decent companies as painful as it is during this volatility. At least we got profits as well as other developments to look forwards to and things can change very quickly but I don't expect much this side of xmas now.