Member Info for Washerupper

Great to see recent additions by Richard Sneller and recent share price strength. Slightly more sobering this morning to read the RNS note for Sourcebioscience (I don’t hold) and the related chat on this forum. The principal shareholders are pretty much the same as TRX save for Mr Snell

Whilst a modest purchase, I’m nevertheless pleased to see DL buying some more shares and I’m happy to accept it as an indication that the positive trading trends have continued in q3. Would be good to see some more directors buying.

I agree. A little more patience is all we need. The share price will eventually look after itself if the management continue to deliver in line with expectations (I think they will exceed them but that’s another discussion). It is still a fairly small ( loss making) company and we have seen recently that current world events have led to a change in risk appetite, with outflows of funds from markets. Loss making businesses trying to navigate through a high inflation environment obviously adds to risk perception and I think that is what has being weighing on the price (and why some funds have reduced holdings, as well as needing to fund outflows). Once we get to a sustainable cash generative position the price will start to fully reflect the business and opportunity. In the meantime, there were only positive messages in the recent update so I think we can ‘sleep easy’ (and maybe even add a bit).

Ps, noticed a tweet from Walbrook that Stifal has reiterated a buy with an increased price target of 1.2p

Thanks for the links. I thought that the results were as good as we could reasonably have expected- strong and accelerating sales growth, improved/ recovered gross margins, good cost control and within a whisker of break even. I was also particularly encouraged by the better than expected capacity from phase 1, which reduces the pressure on cash / capital pre profitability, and the comments that they have signed up more distribution agreements for d-cell in H1 22 than in the preceding 3 years. The lack of a positive share price reaction is a bit perplexing. Sitting here wondering whether to add again!

Also a major shareholder in Iofina, serinus energy, netcall, longboat energy and checkit

Richard- very hard to find anything information on holdings in the name of Inthallo Ltd, but you can see significant holding for Richard Edgar Sneller on market screener https://www.marketscreener.com/business-leaders/Richard-Edgar-Sneller-06VJH8-E/biography/

I agree that this is an excellent new investor and I am also pleased/relieved that Harwood has cut back a little to accommodate Mr Sneller, hopefully signalling that a potential bid to take it private in the short term is looking less likely. I think we can all look forward to an interesting journey with TRX and I’m just delighted that I topped up via my dear wife’s ISA allowance about a month ago!

The RNS (s) will be fascinating

The missing bit is *************interviews

https://www.***************************/tissue-regenix-significantly-undervalued-which-should-correct-video/4121076640

Repeating recent analysis but interesting nevertheless and good to see ongoing coverage

Thanks. They came back quickly to confirm that TRX products are not involved in that procedure.

There was an interesting article in the Times yesterday (page 4 in the Scottish edition) titled ‘Pioneering knee surgery gets fitness fanatic back on his feet’. It goes on to explain it was a meniscal graft sourced from the United States. It doesn’t detail who the graft was sourced from. I hope it involved Tissue Regenix. I might ask them

Bob- if my thoughts are correct, Harwood would be the buyer to take it private with a view to a listing again in a few years. I expect they see the potential for rapid value growth that we have all bought in to. I’ll stop talking about it now (starting to bore myself!) and let’s just see what happens.

I see Harwood is back above 20%. Those of you who have looked at the Harwood website will be aware that it highlights that they specialise in public to private transactions. I would not be surprised to see an offer here ahead of the September update. I could be putting 2+2 and getting 5, but ‘if it looks like a duck, sounds like a duck and acts like a duck, it’s probably a duck’

More convinced than ever that we are about to see a major event here. If you look at the 3 large sales today (totalling 414.7m) and the recent RNS notes regarding changes in large shareholders, I calculate that there are just over 900m of shares (circa 12.8%) of the co that has been recorded as major share sales but not as purchases. If those shares were just being offloaded in the market without a matched buyer (at least to a large degree) the share price would not be holding and improving as it has been. Sure there have been a steady stream of other buys, but there is a very significant ‘buy’ still to be recorded unless a mm is prepared to hold such a large position to trade with. I doubt it but I might be wrong.

A bit of a ‘’ head scratcher’ nevertheless

Don’t know why it won’t show what I type but I’ll try again. The missing bit is vox markets (no space)

The bit that didn’t copy is **********

https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-july-20-f4fc981