Abingdon Health Share Discussion Threads

[bad robot] 15/9/2021 15:19

£4.9m net cash

End June 2021 and 130 employees.

Trading performance FY 20/21
Abingdon generated revenues of circa GBP11.6m in the year ended 30 June 2021 and an adjusted EBITDA loss of GBP3.3m which was in line with the guidance given in April 2021. As at 30 June 2021 the Company had net cash of GBP4.9m.


The JR is scheduled to be heard in early December 2021.
The lack of payment has already had significant implications for Abingdon, a Northern Powerhouse company, and its employees and, due to the need to contain costs and manage cash, the Company's workforce has reduced from 190 to 130 employees over the past four months with a number of valued employees having to be made redundant. The pressure on cash flow will increase the longer that payment by DHSC is outstanding. As a small UK company that stepped up to support the UK Government when asked and a Company that has no political affiliations at all it feels that the only people directly affected by the judicial review process are Abingdon's employees, investors and other stakeholders.

[bad robot] 15/9/2021 15:18

They raised £20m in December 2020

AIM: ABDX), a leading international developer and manufacturer of high quality and effective rapid tests, announces its unaudited interim results for the six months ended 31 December 2020.
Operational highlights:
-- IPO of Abingdon Health on AIM in December 2020 raising GBP20m (net) to further build operational capacity;

[bad robot] 15/9/2021 15:14

Please tell me the cash burn per month.

Please tell me the truth and only the truth about this bin bag company. Deception with Boris's mates to get a contract.

All I am asking when is the cash call. I believe cash burn about £3m per month.

BR
IN BR WE TRUST
RED MERCURY CREW

[pomp circumstance] 15/9/2021 14:16

BOOM on its way!

As it hits the floor.

[david gruen] 15/9/2021 13:13

You can always tell his post as he lacks any real understanding of anything. Just scripted rubbish. The good news is, once he's here, you know the BOOM is imminent. Top up time.

[pomp circumstance] 15/9/2021 12:51

10p by Xmas, if not bust

[bad robot] 15/9/2021 12:40

C'mon people

Please tell me the cash burn per month, and then we can work the figures out from the last statement if they need a massive cash injection.

Loads of IPO will want to average down to get their money back. If they fund the company again, they will be maximum discount and massive averaging down.

Perhaps Convertible loans shares could be an option. That's why I believe 10p or sub 10p. I am OK to listen to others views.

Most probably someone who knows something, people usually gets share placement from their Broker.



BR
IN BR WE TRUST
RED MERCURY CREW.

[columbarius] 15/9/2021 08:38

Abingdon Health are marketing the ABC antibody test as complementing the Astra Zeneca vaccine. The UK gov has dropped that vaccine from the booster programme.

[bad robot] 15/9/2021 06:46

Good morning Genuine gamblers.

Just disparaging the "One" and claiming I am someone is not going to cut the mustard. The questions posed in my previous is important.

BR aka the "One", aka the best of the best of the best, is the leader of the Red Mercury Crew from Cabot Square, and we rarely lose.

It seems one-two individual are posting with 3-4 aliases. This is a red flag that the boiler room is losing a lot of money.

Please lets discuss 10p or not 10p.


BR
IN BR WE TRUST
RED MERCURY CREW

[mossad agent] 14/9/2021 22:11

They've been going for years and only have seven likes?

[bad robot] 14/9/2021 21:51

Where did all these rampers come from? They saw shares spiked, then lost 50% of the gain, so it must be a buy. I have never seen so many been impaled together, on top of each other on a 100 feet tall bargepole.

Perhaps explain to BR; why did it lose the gain?

If truth to be told, questions that need to be asked, all genuine gamblers.

1. What's the cash burn per month
2. How much cash is left?


Sure, after expanding the workforce, they did not get the contract; these people need to get paid.

As a layperson, I think they need to tax shareholders by 75% to pay salaries, CAPEX and OPEX. Tax the poor, pay the RICH.

Please feel free to educate BR. Ad hominem is wrong. Don't shoot the messenger.

BR
IN BR WE TRUST
RED MERCURY CREW.

[grosstonnage] 14/9/2021 21:16

LFTs high on the agenda from now on.

[bigjock36] 14/9/2021 15:44

Agreed Bad Robot Is a parasite I have filtered him

[david gruen] 14/9/2021 14:28

Bad Robot is Peaky Trader. Please discount anything she posts.


Filter is your friend.

[bad robot] 14/9/2021 14:20

More like 10p as cash is low. Very high probability of cash call at 10p-12p. Look at the accounts and OPEX.

Mind you it's still up on those two nothing burgers non-regulated news.


BR
IN BR WE TRUST
RED MERCURY CREW.

[david gruen] 14/9/2021 13:45

Back to 100p

[grosstonnage] 14/9/2021 12:39

Just starting.

[dave4545] 13/9/2021 14:09

Going by online limits I'd guess it's going to move soon

42-45p

43.22-44.77p online

[amanitaangelicus] 13/9/2021 13:30

Gross , you.d think that ...but with this gov, are things thought through or are the backbenchers just calling the shots.BJ weak as ...puppetesque. N Ireland looking v iffy again. EU lot will blood on their hands if they.re not careful.

[danessex] 12/9/2021 18:32

Mass testing coming!let's go this week

[g2theary] 10/9/2021 10:35

I must admit I bought to early but averaged down all the way :) be back in the 80's before you know it here... sadly Covid tests etc not going anywhere for the foreseeable IMO