RE: A Question?26 Apr 2024 08:20
Not not quite a binary play Sheps, as there is the DX division and that market is huge but in the short term that seems a ways off.
So its TX or bust (literally maybe?)
If W2D does go better than expected then I would expect a re rate to around 130-150p as it should com into the spotlight. From there if should trigger all sorts of interest
The potential down side that nothing to date has gone better than expected, and has co-incided with taking longer to, if not underwhelm, then weave on. This then makes this death spiral scenario more of a possibility, but I would expect at that stage it gets delisted and then bought out privately, bypassing the LTH's completely.
End game time now, as I said before. 18 months maybe , with some very key data releases along the way. No margin (imo) for any stumbles.
My "feeling" is given the ultimate lack lustre response of the market over the trial's time thus far, is that it isn't quite the magic bullet I perhaps thought. New platform with loads of potential, sure, but if it just trundles on then its years away still, with millions more to be spent before commercialisation, and as I say at the stage it will not be around as a PLC. (DYOR etc)