Abingdon Health Share Discussion Threads

[super duper] 19/9/2021 18:10

Perhaps not £3m.

Money raised in Dec 2020. 20m

Cash left 2nd of June 21, 4.9m.

They spent £15.1 in six months.

Cash burn about £2.5m. (15.1m/6 months)

So from June 2021 to September 2021, they would have spent about £7.5m, but only £4.9m.

Even they cut costs that £4.9m is pretty gone. If it's not gone, how much cash left £200K-£300K.







monte119 Sep '21 - 09:58 - 617 of 619
0 1 0
They do not burn anything like £3m per month. It seems that marc antony may have been the one that was struggling a bit in arithmetic class.

[bigjock36] 19/9/2021 12:38

My thoughts exactly Monte It seems he is the one with problems calculating cash flowI do feels news on several fronts is due which is why I am happy to hold

[monte1] 19/9/2021 10:00

…. although unless revenues are to growing apace, thoughts will have to turn to a plan for refilling the coffers before it becomes an issue.

[monte1] 19/9/2021 09:58

They do not burn anything like £3m per month. It seems that marc antony may have been the one that was struggling a bit in arithmetic class.

[bigjock36] 19/9/2021 09:37

3 million per month Can you explain where you have pulled this figure from ?

[marc antony] 18/9/2021 19:15

How will it be fine, if they spent £3m per month and had only £4.9m (Jun 21), nearly three months ago?

Mathematics is not your forte big Jock. Most probably, they are running on emergency overdraft now.

[bigjock36] 18/9/2021 16:55

Trading performance FY 2021Abingdon generated revenues of circa £11.6m in the year ended 30 June 2021 and an adjusted EBITDA loss of £3.3m which was in line with the guidance given in April 2021. As at 30 June 2021 the Company had net cash of £4.9m£4.9m cash at the end of JuneThey will be fine and I believe large orders are very near

[chilltime] 17/9/2021 20:02

Short!!!

Absolutely not, I was looking at ABDX as an investment having seen recent news but it's blindingly obvious they need cash, it's called due diligence.

Knowing how the market works on raises when companies are in need of cash then why on earth would I buy now.

There is much uncertainty about whether the government contract will be paid for goods supplied.

Equally nonsense seems to be posted about the Covid antibody tests, the evidence is there to say it's been tested and it's looks highly accurate to me.

I do wonder if the government knew the accuracy of the test, hence the good law argument on that point could be pointless.

If the gov are looking at vaccine boosters, surely the obvious route is to test for antibodies first to see if a booster is needed.

[amanitaangelicus] 17/9/2021 16:15

They.ve run out of cash ...or v low cash flow ...raise being sorted. The bucket shops will be ready with their pickle forks to have your eyes out. Raise underway ...give it a week or 2.

[bad robot] 17/9/2021 14:13

It's common sense, but common sense is, in fact, not so common. There's a likelihood a few may have been contacted about the placing, but everyone knows it's happening now, so I think placing will have to be pretty much at 10p if they are quick enough. As the share price is depreciating rapidly with short selling, they may not even get that.

I urge you all, be wary of casino chancers, who claim they got a bargain at 38p, next week others will come claiming the same at 34p, then 20p. Others thought they got a bargain from 80p to 50p



BR
IN BR WE TRUST
RED MERCURY CREW.

[danessex] 17/9/2021 13:57

Let me guess you hold a short position

[chilltime] 17/9/2021 13:35

Madness confirmed

It's so bloody obvious they need cash and WILL fund raise. Yet posters here completely deny it. Have you not done the maths re the cash burn v cash held, of not why are you invested?

Now punters are saying buying but price falls which is typical signs of forward selling to pick up cheaper stock in the raise.

No idea if a raise is in play but I absolutely 100% expect it, and would also expect a price drop to force more discount for backers.

Those involved if they can't get it from their clients they share the raise among others and the security of that info is now everywhere, very quickly many know and none of them stick to confidentiality, out to make a buck.

[punjabi_guy_band_wala_scene] 17/9/2021 11:14

Are you all stupid or what??!!! Don’t you lot get it?? Still the same old, same old corrupt UK. new. DHSC contracts for COVID19 Lateral Flow Tests totalling £1 billion and yet again no UK Diagnostics company involved it !!!!!

[simpsonay] 17/9/2021 10:46

Good post Bamboo2. Factual from an RNS showing the companies position and integrity around this vs some of the dross posted on here recently

[marc antony] 17/9/2021 07:59

Can you sniff about the placing though?

[sniffer2] 17/9/2021 07:30

3 new Gov awards.Todayhttps://bidstats.uk/tenders/2021/W37/758972796https://bidstats.uk/tenders/2021/W37/758972805https://bidstats.uk/tenders/2021/W37/758972804Suggestion that Abingdon make the Medco device?

[marc antony] 16/9/2021 21:27

The only story in town is the funding.

How do they get the funds required for OPEX and CAPEX?

It is being claimed Advisory brokers contacting clients to part with the money for highly dilutive placing. We will just have to wait and see. Maximum two weeks. !!!!!

[bamboo2] 16/9/2021 20:25

Abingdon have now published their side of the story.

A detailed account that was initially made available to the court, is now in the public domain.

It makes the facts known, but there has, so far, been no acknowledgement or reply from the GLP.

It's important to realise that the objective of GLP is not to defame Abingdon Health, but simply to get the govt to accept there is a need for them to change procurement process.

Pomp's headline figures are simply clickbait, as GLP need to get public support to maintain donation income.

[marc antony] 16/9/2021 20:16

Wait to see the truth. I am pretty sure people with advisory brokers have been contacted.

No one is telling you to sell. You gamble, your choice.

Ask Timbo, I think he has advisory brokers. They tend to call customers to ask them to take part in the placement.

[bigjock36] 16/9/2021 20:11

Marc you are a disgrace and should be jailed for your feeble attempts to try and drive the share price downYou belong in the gutterAs stated I added again here at 38 pence and feel the value is excellent