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Diagnostic’s is a good industry to be in at the moment. Home testing will become the norm for most transmissible diseases as it mitigates the risk of passing the disease to others if tets are carried out at home. Doctors are already shifting to online and telephone consultations. Abingdon are working on a number of relevant tests, They just need to pull their bloody finger out to get a slice of the pie before everyone else takes it.
Didn’t see 6.12 pence coming. What a truly atrocious performance given we have money for over a year which is unusual for aim. People have been saying this is cheap from 25 pence down. This has to be the bottom..
Nope, loyal investor but not particularly happy with the state of play at the moment. If you think things are acceptable at present, you must be seriously deluded. Try a different tint on your lenses.
100 odd million MCAP to under 8. The component deal failure following the minimum 2.7 million minimum revenue RNS is unacceptable in my opinion.
No boiler room, just frustrated at sitting on a significant loss. It’s Ok to discuss the negatives too.
Not according to the last business update although they like to use the expression “we are unsure of the timing”, meaning they could potentially keep the carrot dangling until 2055 before we worked it out for ourselves.
Can’t argue with that. They need to demonstrate they are able to get some meaningful production over the line. No more mou’s or deals that don’t come to fruition. The market wants solid reoccurring production. Nothing else will do.
There really needs to be. Don’t think I’ve ever felt so unenthusiastic as I do this week. The annoying thing is, they have capacity for over 100 million devices per annum (or did , not sure what unwinding investment means in the update as they haven’t explained properly…again). Manufacturing 3 or 4 million devices per month of bloody anything would be transformational here.
Let’s say a 7 million cash balance and maybe 3 million of revenue over the next 12 months if they don’t get anything new over the line. Head count reduced by around 30% so cash burn at 350-400k per month. Probably Ok for a year and a half the way things are currently. Just need one good manufacturing result and this company could easily be profitable. No need for “keep the lights in talk”.