Member Info for wyndrum

D, I am sure all potential buyers get to see the books straight away as confidential info. Also I would expect interested parties to insist on radio silence until they have finished their investigations and either want to proceed or retire so as to not to alert any competitor before any offer went in?

Yanis, what if the "update" is poor?

What if EVE said, sales down turn accelerating and no buyer interested?

Want to hear that once a week?

I am sure if there was any good news EVE would be letting the market know asap.

Its just currently a really ****ty situation i'm afraid.

well, in any event, fingers crossed for whatever reason there is a positive turn in the SP.

It could be Yanis, that the MM's won't want to hold any of this stock on their books so either look for buyers before they accept the order or make the spread so wide as to try and insure themselves against any potential loss.

If there are few buyers out there then they have to drop the price disproportionately to off load.

It was (for me a red flag) that when i wanted to offload (as a simple PI), HL although displaying the price, would not accept my sell, and it was an hour or so later before I had to take a considerably lower price then i wanted to take at the time.

What Watching, trying to explain in a rational way why, in spite of good news the SP is in our view, under performing?

At some time you have to realise that the SP is not related to the company.

If people are in a position to, it situations like these that allow good profits to be made. If AVCT is suffering from a general market malaise then at some stage it will be re-rated to the upside.

Again its just paranoia on this BB that stops any sort of conversation from developing here.

The problem with this type of company is that it is very long term.

Prior to covid it was a 40p per share company. The reason it shot up was that it was seen as large revenues coming in very quickly when AVCT said they could get an LFT out very fast. But they didn't. It was a slam dunk, but still for whatever reason the promise did not materialise.

Now it has gone back to a typical, from a market perspective ,"Jam Tomorrow" bio-tech company but obviously we are 2 years further on and so far so good, so the SP has appreciated to where it is now.

The overhang I think for the market, as well as current market conditions which are poor, and the general concensus is to remain poor, is the potential for a cash raise before the company is sufficiently cash generative.

The £2m today is very helpful as has been AS's comments recently saying its not needed for some time yet but he has form for surprising the market in this regard.

So, in a difficult market like this with costs for all businesses rising dramatically, loss making companies get lumped together and it is eminently sensible for some risk to be taken off the table.

We might feel this is crazy for specifically AVCT (and hopefully we are right), but history shows the market is littered with companies not being able to sustain themselves through sharp downturns.

So maybe its not quite so illogical as it seems to many right now?

I think its more fundamental than that.

Is crypto actually going to survive as an investment class?

The first real test (market downturn) and instead of being an asset refuge its been the opposite.

It then raises the bigger question of what is the point of these currencies?

The wild swings cannot help it as an asset class. Its simply too risky. So then it needs to be regulated.

Once regulated what advantage does it have over other currencies?

Certainly with some companies saying they are having trouble with securing the assets under their control only heightens the risk, which simply are not there with other traditional currencies.

Maybe CJ, but my broader point is that its always the MM's according to some posters here. There is never an alternative.

And of course its only the MM's when the SP does not go up when they expect it to and its still the MM's when it drops too!

(I remember the furore that went on for months when the SP fell 60p when vaccines were announced for Covid. and what a con it was...)

Anyway, today is just but the latest example of conspiracy theory on market manipulation with no info or proof of any sort. Forget that the market has opened on a major downer....

Thats the thing with him, always the MM's conspiring with someone for months and months and months keeping the SP down....
Has no idea how to read a market. But why would he, he doesn't adhere to SP movements meaning anything, yet never stops looking at every move!

(For a busy builder he sure does have a lot of time to read and post on this BB.)

its more likely the MM's are trying to keep an orderly market at the opening bell..

God, the paranoia here is crazy.

Yes, Chris but the surge to 125p was not based on an RNS, so a rumour, or just enough buyers pushed it up. This has imo against all the odds, been a very good share to trade. Most big daily moves have fallen back quite quickly.

Plus there is only so much money available. If you had a lot of buyer pushing it up to 125p some presumable will have stuck with it and can't take advantage if the pull backs?

Anyway, it is what it is.....

Chris,

The return has been pretty good from the 40-70p mark.

My best guess its a tree shake. MM's mark it down to see if any people want to sell. Clearly some do.

Should have a clear picture by the end of play I think. If it rises to mid teens or above then that would confirm the TS theory for me.

Its a little odd (to my mind) that the penny has not dropped yet with the market.

Accept it has to some degree because the SP is up 10% but that seems pretty insignificant given the release this morning.

So the market knows, but the reaction is a bit underwhelming... Can't be lack of understanding because there are some big funds already invested and you would think they would want to increase further or at least put some of their bigger investors on it....

Weird....you wonder what AVCT have to do right now...

Maybe its a bit of overhang from the LFT fiasco? I know no one wants to talk about it but the fall was pretty dramatic and some players must have got burnt and now won't touch AVCT? (Personally i don't really buy that because when money is there to be made you don't worry about what happened before.)

I don't know, but even though it should not make a difference, the SP does often move up in the PM when the US starts to stir.

Its a puzzle....that's for sure

DGU, thats not how the market works.

By suspending the stock you would stop people selling if they wanted to. Say, then after 3 months no buyer comes in, no money left in the bank and then EVE, go into admin? How is that fair to shareholders?

Can you not ever see the other side of the coin rather than your emotive biased view?

I have tried twice to call this in the last few months and have been stopped out both times.

3rd time lucky I hope.

There is signs of a reversal with a low of 755p being confirmed with a RSI pattern. It makes the stop about 750p so 45p/share potential loss.

First target would be 995p (200p /gain) giving a risk reward of about 4.5-1 which for me is ok (3-1 being a minimum).

It might go back to 785p to test a small support, but I decided better here now as I, on balance, think this is a good risk/reward and don't want to get to cute knowing how this can move.

Anyway, GLA.

"So just proves we really know nothing"

You are definitely on a roll now!

yep, I think that's exactly the case.

Hats off DGU, could not have put it better myself. :0)

in 2019 trading year (which was reported in 2020) T/O was £23.85m with a loss of £12.5m.

This caused an all time low in march 2020 (.08p) as there was only £8m in the bank and therefore they would run out of money at their then current burn rate.

2021 Turn over £26.59M Loss £3.4m with about £4m in the bank

Now, if sales continue to decline by 15% then that puts expected Turnover for 2022 at £22.5m

This is less than 2019 which produced a loss of £12.5m.

Ok, its reasonable to see that overheads are lower now than then, BUT, we have very high inflation with high energy costs and parts shortages and higher labour costs, so maybe EVE is looking at a projected £6m loss this year with £4m in the bank?

I offer these simplistic figures to maybe be an explanation of why now the SP has reached new all time lows.

I'll persist DGU... If you are correct then why do you think EVE haven't put out a correction or clarification?

It is not in their interest to give the impression the company is in financial difficulty if its not.

In one sense , if we don't have a drill program this year we will have one next year so how low in fact would the SP go from here? Still money in the bank etc etc.

But the downside comes then from the lack of credibility DM would have. That, imo, would really hurt the SP....
( It would have to be a pretty good excuse too, given all the statements he has said about digging up Tanzania this year.)