Member Info for wyndrum

Chris its not my intention to pee on your parade, but the key here is that EVE are not making money. They are losing money. They have circa £8m in the bank that they have already stated will be used to fund a greater awareness of the brand in France. That means EVE are not expecting UK revenue to be able to fund this expenditure, which in turn, leads some to the expectation that the UK will still not make any money this year.

The bear case (and I am not expressing and opinion here), is that they have hit a wall in the UK and they are in a sense "forced" to spend what they have left in last throw to try and get enough sales to show a profit. by the end on 2022 (which is quite away a way, which in turn, leaves a lot to the hostage of "events)". France is deemed to be the best bang for buck at this stage, hence that's where the money is going.

The plus side is that the management team have done very well from when they took over and have steadied the ship ahead of schedule and are now sufficiently confident to branch out and use this time and the cash in the bank, to prove once and for all that EVE has a workable/profitable business model.

Time will tell but its very early days, hence the potential for very good SP appreciation from here. (If it was already a done deal so to speak, then the SP would already be 10p plus.)

Only bet what you can COMFORTABLY afford to lose.

I think there is a test JD, but I have no idea why it takes this long to validate at this larger level, I have no idea, if CE was just a rubber stamp via Mologic which was due end of Q1, why it has not been acknowledged to have taken place and completed.

The fact that a larger validation was deemed necessary presumably means that the results of the smaller CV are open to debate on their accuracy.

All of this hopefully is academic, but AS by giving (yet again)missed timelines, opens up doubt to the efficacy of the larger CV.

I am not worried by any of this (we either have a saleable test or we don't) but just because the UK has bankrupted itself thus far does not mean it will continue to do so. I would not "count" the £8b as spent until its allocated personally.

Anyway, we should a much clearer picture by Thursday afternoon

CI, yes I would agree that the SP is very close in RSI terms to need to pull back, but there are always times when SP's can seemingly defy the laws of RSI gravity, but sooner or later it succumbs.

Time will tell, as it always does.

I agree JD and have said numerous times that if AVCT get a chunk of the global market then the UK is neither here nor there.

But we do actually have to have a test, and never mind nothing.. that is quite something to say on April 19th 2021 after all this time and expectation that we are still waiting and not only still waiting but there is some divided opinion if we will even hear this week.

Phantom, I am quite happy to take a criticised view of TA but just to post that "I haven't got a clue is not quite correct. I have said while this move is still ongoing it is not possible to make a judgement as to what level it might retrace to, as it surely must and will do.

So while I cannot determine yet to my own satisfaction what price will be a "good" level to continue stake building, I do have a very clear plan and at least in my mind, I am not "clueless". Each to his own

Not sure what you mean Radds,

My bases are covered inasmuch as I have decent sized holdings in other stocks which if AVCT does fail with this test (and the clock is ticking, all this talk of "We can wait, we can wait, I don't think we can), means that its not the end of the world, but the window will close.

I think the big thing some here miss when looking at global demand is that the countries that can't afford or don't have the infrastructure to provide Vaccines, will not be spending on weekly tests.

But all being well, this week will herald the start of a good news cycle that could run to the end of the year.

Hi CI,
Fridays close at 98p was fractionally above its recent high at 96p so that at the moment that 96-98p would suggest a support level.

Clearly todays so far follow on, is very encouraging and good old Zak has predicted a 140p target in the next few weeks which on current form looks very feasible!

The up shot is that the break out from 84p has been dramatic and rapid and as AGL is in the middle of this breakout it is (for me) too early to say what' s likely to happen next in terms of likely specific price

my personal view is that this share has enormous potential so I have used the charts to, as best I can, to time my entry rather than any attempt to trade the stock. As a result I will be watching the chart action to hopefully allow me a time to add further to my holdings at a "good" price. But as I say I have no idea what that price might be yet!

Trendz, Just looking at the UK, its a difficult question to answer because I don't know, and maybe others will put in what they think, what "mass testing" means in terms of numbers. What constitutes mass testing? 5m per week, 10m, 50m?

I think once people have to pay it will fall off dramatically, if not made obligatory.

What should stay in use I imagine, would be all hospital staff and hospital admissions. School children and teachers maybe, for a while, not sure about that one.

Airports, that's the most likely to stay for 6 months at least.

I think people on this board are far too optimistic on either the individual or companies desire to have this extra cost and likewise the govt simply will HAVE to reign back expenditure all around the economy. (The pressure on the NHS to reduce the 5m backlog of other ops is going to put covid down the list I'm afraid, if cases and deaths remain at these negligible levels.)

The thing is of course, if the test is released with such good S&S then it surely must have a huge global market and the UK specifics will all be irrelevant.

"....you’ve set stop losses at the price level where buyers are likely to turn up? "

Funny... I thought PL didn't rate or look at TA....

Res, "the market won't get especially excited by this "

blimey if this is the market taking it in its stride roll on FDA!

ATB

Mr B, I'm not sure I would call a 80% fib fall a retracement...… its certainly not bullish that's for sure!

PJ, I am now also coming round to your view. Previously like a few here, I thought he can't not produce the test results prior to the IP, but as he hasn't yet, I am starting to think maybe that's exactly what will happen.

However if that is the case how he explains what is happening is going to be pretty crucial.

Clearly in the UK we are currently now on top of it, with cases and deaths collapsing and vaccines doing what they were designed to do. And this with the background of discredited testing now being discussed.

I understand the case for variants but that produces its own problem: We would have to make another test. As to what hoops AVCT would have to jump through I don't know, but presumably we would have to prove it works on a sample and we would be almost back to square one. (its been 12 months from AS saying LFT worked on the virus originally and we still have not got a good enough CV yet)

I hope to get a reasonably detailed cash update as in the last interview AS intimated it was all hands on deck to get the test out, which implied to me, not much else is getting done. What is the cash burn on this almost mythical test?

If AS does simply ignore the elephant in the room then all it will do is raise more questions than answers and I don't how that will achieve the objective of the IP.

I guess this is it, this week. One way or the other we will know.

I think so too. I would expect some press both on the actual news and the % SP rise so AGL should be in front of a bigger audience maybe?

Plus there is still room from a TA perspective to climb before having to unwind a bit. The previous recent high of 96p is now acting as support (albeit a pretty weak one at this stage), but it would be great if there was an initial spike on Monday, as the greater the distance put between a new high and a support on a upward trend often results in that last support not even being tested when the pull back does come.

Anyway, nice way to finish the week!

More likely AGL

(Wow.. Tough crowd...)

Has he always used Jean Luc Picard as his spokssman?

That's the spirit Dan, jump on the bandwagon....

Sorry my mistake, you're just taking the ****....again...(and you wonder you get disruptive board)

ST, as its been in a trading range all day I'm not sure any traders would have bought or sold?

Oi! Not so much of the cheeky!