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Cashking
I just hope any potential suitors are able to capitalise as comprehensively as you have.....
HL, Genedrive's own website - take your pick, it's been nowhere near 300 this year. Are you sure you don't own 100 shares here and not 1m?
Genedrive last reached 300 in 2015. It's currently 126.5 from 9 on 24th March last year, that's 14x its price then. Even if it was on 300, that wouldn't be x60, x50 or even x40.
Don't dispute the merit of the over-riding point but I think if we're going to quite price fluctuations, it gives the board more credibility if we do it accurately and not just pluck figures out of the air.
BotBot, not disputing that COVID-related biotechs have mostly gone up, more the claim they've all gone up x40, x50, x60.
Apart from Genedrive BotBot, Nanoco's sister company, which has gone up just around 3x, but I guess the essence of the point still stands.
If you're having to ask that question then probably not.....
Have you been drinking?
This may be way off the mark but, as previously mentioned, it was notable that the recent SP shift mirrored Genedrive's for successive days, who are also based at Grafton St.
This morning Genedrive announced a supply agreement for COVID-detection masks into the American market. This is the product:
https://www.sysmex-europe.com/n/products/products-detail/genedriver-96-sars-cov-2-kit.html
I'm no expert but believe quantum dots are known to improve the amplification of PCR tests. Could it be? If these test kits do contain QD then it would almost certainly be ours.
Sounds good BotBot and presumably softens the blow of your investment in Hurricane.....
Genedrive and Nanoco, both of Grafton Street, Manchester, both spin-offs from Manchester University, both involved in research for COVID-19 detection masks, both level off at almost exactly the same time having both risen dramatically yesterday, as if by magic. At least we can get rid of a few rampers now.
BBD
There's a lot of people here who know a lot more than me but I've been here 5 years and for much of that time it feels like we have been undervalued and/or in a place that defies rationale with valuations of equivalent scenarios i.e. get an unexpected contract and shoot up 12p, lose unexpected contract and dip 30p etc. Anyway, during that time there has never been anything like such a seismic shift in the SP based on punters suddenly noticing us, despite circumstance of far greater promise. To me it doesn't stack up for that to change so quickly and sharply. Also, as previously mentioned, Genedrive PLC (registered Grafton St, M'cr) also up 24% today and in the market for developing anti-COVID detection masks.
Steadydanny
Yes I remember you now and I sincerely hope you are right. It's probably worth mentioning that above and beyond my attempts at a tenuous link between Genedrive and Nanoco below, they're both actually registered at Grafton Street, Manchester, which is of course the university. Both of them up 15% on the same morning? Bit of a coincidence one might suggest.....
Notable that Genedrive is up 10% this morning on no obvious news. Genedrive specialise in low cost molecular diagnostics platform for the identification and treatment selection of infectious diseases. A quick search online tells us the now-Production Manager at Genedrive was the plant leader at Nanoco for 3 years+ so there is a link.
I seem to recall a poster around 6 weeks ago remarking on a hunch here based on COVID-19 detection masks?
Could be way off the mark but who knows.....
Thanks Slipanchor.
A far more constructive response than johnpwh!
if (big IF) there was a takeover offer am I right in thinking that it has to match the highest price paid per share in the previous 12-month period? If so, that would be around 46.4p a share. Interesting that the threshold for that would reduce by about 10p a share as of next week.
Steadydanny
Has the deadline passed for which you might consider sharing your hunch?
This share is so frustrating, consistently drifts yet it's arguably so dangerous to sell with such a lack of visibility - we know the landscape could change at any time. This seems to play only into the hands of those in the know and shorters. We've lost almost half of our value recently on no news and nothing in the results we didn't already know. If we announce a worthwhile contract tomorrow we'll probably go back up to levels we were already at a month ago.
Almost as boring as your price predictions that never reflect what actually happens
Not really BotBot, fairly realistic goal I'd say. Just an approximate 646% rise in Nanoco and 3,372% rise in Hurricane, should be any day now. Good luck, if it happens we'll both be richer than we are now.
Another radical BtB prediction! I guess a broken clock is right at least twice a day. Without wanting to join you cycnical lot, can we infer from this that you're hoping to top up on the cheap next week if you can?