Premaitha Share Discussion Threads

[timojelly] 29/9/2016 07:05

Tomorrow it is then

[sh1984] 28/9/2016 09:06

TW doesn't have a clue..... thought RNS is due today, his predictions with BMV, Fox Marble & Falanx are doing really well -

[brainspark1] 28/9/2016 08:15

Maybe AR forgot what day he was on.

All buys so far. Imminent

[hjb1] 28/9/2016 07:47

by Friday, doesn't mean Friday, could be any day before!!

[thinkbig?] 28/9/2016 07:40

otice of ResultsPremaitha will publish its financial results for the year ended 31 March 2016 by Friday 30 September 2016. The Company will recognise in these accounts a significant increase in the provision relating to its litigation with Illumina in respect of the robust defence being mounted by Premaitha. The annual report will be posted on the Company's website and distributed to shareholders shortly thereafter, along with an AGM notice.

[thinkbig?] 28/9/2016 07:38

Results 30th as in the RNS

[brainspark1] 27/9/2016 17:39

Good time for the chart bull flag to break

[timbo003] 27/9/2016 17:36

TW must be sailing a bit close to the wind publishing that just before results.

Hope he's right though.

[brainspark1] 27/9/2016 17:33

Would be good to break 11p on any positive trading statement. Clear run to 15p

[hamidahamida] 27/9/2016 17:29

As I Stated here before the results are going to be cracking This stock is undervalued by a long margin and the results will that very clearly.

[hjb1] 27/9/2016 16:44

very upbeat words from TW.If he's right then all looking good..we will see tomorrow.

[thinkbig?] 27/9/2016 16:41

Well that's done it TW

[brainspark1] 27/9/2016 15:42

Tomorrow it is according to TW

"Apologies for the delay in commenting on this RNS which landed on Friday. We wanted to speak to Adam Reynolds and we have now done so. This is just the start of the good news and ahead of results tomorrow Premaitha (NIPT) shares are a buy.

Premaitha has announced that it has secured an additional £4 million extension to the loan facility provided to it by its partner Thermo Fisher Scientific. The new facility is repayable on 14 December 2023 and carries interest at 6%. For this new loan Thermo gets 17.098018 million warrants with an 11.7p strike plus some more if more than £2 million is drawn down by 1 April 2017 - aka UK Investor Day.

This cash is not needed because of any operational slowdown. Au contraire. That is they key takeaway from the chat with Reynolds. We still expect Premaitha to turn cashflow positive in early 2017.

This cash is there to ensure that there are no issues funding the defence to patent challenges from US bully boys Illumina, a company now under EU investigation for such practices. Illumina might have hoped to win by default by "skittling" the little guy (Premaitha). It should now be clear that this is not going to happen which, together with the EU probe, might just make Illumina - which we believe to have a weak case - think twice.

Reynolds is clear that Premaitha just does not need cash to execute its core business plan so this allows it to deal with the Illumina distraction with minimal dilution. That is good news. In terms of how well the company is trading, we look forward to a very upbeat statement with the results. Ahead of that, the shares are a strong buy at a 10.5p offer."

[thinkbig?] 25/9/2016 11:23

Back to 6p

[sh1984] 24/9/2016 19:43

Great work gooosed, it's what I expected but they still aren't telling much, the £5m may mean they have made enough profit to just about cover their expenses this financial period i.e... just breaking even.

[gooosed] 24/9/2016 17:56

sh - You were/are quite right re the draw down as this part of the email reply from the Company confirms "The £4m loan announced today is a further loan facility against which we have not drawn down yet."

The email also confirms "The £5m mentioned was the end of March position and the results announcement will provide more insight into the rest of the financial results at that time."

Make of that what you will . . . . .

[sh1984] 23/9/2016 14:46

which one?

[thinkbig?] 23/9/2016 14:37

Bad Bad RNS

[kaka47] 23/9/2016 12:06

Just stick to your day Job

[kaka47] 23/9/2016 12:05

ThinkBig it's pretty obvious you've lost a lot of money and you have missed the bottom so no lectures from you pal

[thinkbig?] 23/9/2016 11:35

I told u all that seller is still about

[sh1984] 23/9/2016 11:05

Here is a question..... given Thermo's commitment to Premaitha, does anyone else think that Thermo would takeover Illumina in the event Illumina win the litigation claim next year?

[sh1984] 23/9/2016 10:53

Life Technologies Limited is a controlled undertaking of Thermo Fisher Scientific.......... looks like Thermo are very confident hence the extra £4m loan. Premaitha really need to look into the PR department as comms to shareholders have been awful and unclear recently.

[gooosed] 23/9/2016 10:49

sh - hope you're right and I'm wrong !