Advanced Oncotherapy Share Discussion Threads

[waterloo01] 19/10/2016 14:50

daijavu, absolutely. Not always possible but as long as it's reasoned.

Edit: On a positive......Directors have put up in over £3m of their own money recently at the offer price of £1.00 and they will be well aware of the building schedule. Again one can hope they can quickly enlighten us as to how they are going to secure actual sales before Harley Street is open, if that is the case.

[waterloo01] 19/10/2016 14:48

Cheers luminoso, hardly anything 'mystical' in it. I just looked at the plans, and anyone whose ever had the builders in, will know it would take a lot longer than the company was saying I think I suggested 18 months - 2 years from planning approval. Seems I was being over optimistic.

The company need to come out ASAP and say how they are going to get past proof of concept to sales if Harley Street isn't open till 2019. What's the back up plan or are sales now at least 2 years later than billed (assuming building work goes to plan).

[daijavu] 19/10/2016 14:48

I'm fairly laid back about all this and am not too upset if nothing much happens for a while. It may give me opportunities to top up while the share price is lowish.

Waterloo had his opinions, some of which I disagreed with as he disagreed with some of mine. That is good on a discussion board. I hope we helped each other to a better understanding of what was going on.

[luminoso] 19/10/2016 13:53

Regarding the new timeline of operations at Harley St, I think an apology to Waterloo is warranted from those that accused him of deramping. Basically, he was right. Having an opinion, which is proved right, is not talking a share down.

[no excuses] 19/10/2016 13:51

Thanks Daijavu however I do agree that it's a bit of a damp squib! I bought this share a few years back on the back of some very bullish company reports and RNSs. I appreciate we are in execution phase however it does seem we are constantly having to second guess how well (or not) things are progressing.

[waterloo01] 19/10/2016 13:03

That's a bit of a damp sqib. What would have happened if they hadn't got planning? What's the timeline on Pebble Mill?

[someuwin] 19/10/2016 12:37

The problem I have here is that the management are not being upfront about these delays and the funding issues.

This leads me to wonder if there are other issues we are not being told about.

Difficult to have much confidence in the overall plan imo.

[daijavu] 19/10/2016 12:30

The original timeline according to AVO was the end of 2017. Howard de Walden submitted a letter to the Planning Department on Friday in which they said that the construction would take 2.5 years. Construction has not started yet so that takes us up to 2019.

That is a setback but because the main purpose of AVO is the production and marketing of proton therapy systems rather than building and operating clinics, Harley Street is not that important for the long term future of AVO. imho

[no excuses] 19/10/2016 11:48

What was the original timeline on this? I thought it was 2018 so what's moved it to 2019 and beyond? If it's the planning permission - surely they should have factored that in before setting their original target?

[igbertsponk] 19/10/2016 10:22

One things for sure - will be a goodly while before any kit is actually zapping patients at any location. I note that the contractors timetable includes 42-50 weeks for fitout once the building work is completed.
Will be years before this gets going AT ANY LOCATION, assuming no more delays. Sad but true.
I reckon more dosh will be needed to get there.

[waterloo01] 19/10/2016 09:13

twirl, I think I raised some quite reasonable and reasoned questions, which have so far proved correct. I'm a 'fan' of proton therapy although less so of AVO management. I stated last week that I had taken a small position on the basis that they would probably get approval, that however does not remove some important questions re contracts and proof of concept.

I've not decided as yet if to hold for longer term or sell on any significant spike. Quite transparent compared to many.

[pyglet] 19/10/2016 09:07

Still below 5p old money. On that note the share has been appalling for all. Quite frankly it should be nearer 10p ie £2.50 on today's RNS and the upcoming news.

[twirl] 19/10/2016 09:05

waterl001>> well you talked this one down and now you seem to be positive. I wonder why.

[gerhart] 19/10/2016 08:34

Thanks Daijavu. Maybe we'll regain a few sustained spikes in the days/weeks ahead!

[daijavu] 19/10/2016 08:33

They have a contract to instal one at Pebble Mill and two contracts in China. Any of them could be the showcase if that is the biggest issue.

[daijavu] 19/10/2016 08:22

gerhart. The meeting started at 6:30pm and Harley Street was the third planning application on the agenda, out of over a dozen applications they were considering.

[waterloo01] 19/10/2016 08:20

daijavu, really? I thought sales were tied to proof of concept at Harley Street? Has that changed and if so please let us all know!

Regardless of 'half' truths, this is good news for AVO. I'd like to see them have a site open, somewhere, anywhere, ASAP so they can drive some real sales.

[waterloo01] 19/10/2016 08:19

Evening meeting. Spike was on chance that approval granted. Guess they will get the open offer away without too much trouble.

[daijavu] 19/10/2016 08:18

waterloo. The answer to that is yes they can. Just as soon as production starts, I'd have thought.

AVO is a manufacturer of proton therapy machines. Not an operator of clinics. Harley Street was never more than a showcase for AVO.

[gerhart] 19/10/2016 08:17

Wonder what time the decision was made yesterday? Is that what the afternoon spike was all about?

[waterloo01] 19/10/2016 08:10

I wonder where the share price will go short term? Was around £2.00 when the planning issue was highlighted, however - and as I have been saying for months - this won't open till end 2018 earliest, now more like 2019. Can they secure sales without it open?

[werty5] 19/10/2016 07:52

I wonder if Babs Windsor bra has pinged off at that news as Sid James would say nyuk, nyuk, nyuk.

[someuwin] 19/10/2016 07:08

Commenting, Dr. Michael Sinclair, Executive Chairman and CEO of Advanced Oncotherapy, said: "The Harley Street Proton facility will make an important contribution to the advancement of next generation radiotherapy in the UK, and add even further lustre to the international reputation of the Howard de Walden Estate and the Harley Street Medical Area. Now that we are in a position to continue with the development, our partner, Howard de Walden Estates, plans to start work on the site as soon as possible. During the construction period every effort will be made to ensure minimal inconvenience to local residents."



Simon Baynham, Property Director of Howard de Walden Estates, commented: "The Estate is delighted that this new ground breaking technology will be coming to The Harley Street Medical Area. From a personal point of view I know many people who would have benefited from this new technology had it been available previously. Accordingly the sooner we get on and build it, the better." ‎

[grahamhacker] 19/10/2016 07:07

RNSAdvanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, announces that at a meeting held yesterday at Westminster City Council, planning permission for the Harley Street site was granted.

[daijavu] 18/10/2016 23:59

According the letter that Howard de Walden submitted to the Westminster Planning Department on Friday the building work at Harley Street will take 2.5 years. That means that the first patient will not be treated in Harley Street until at least 2019.