Abingdon Health Share Discussion Threads

[blackhorse23] 01/9/2022 08:40

Switched to MCL last week , which looks good & stable investment ... brokers target price 90p

[shallow pockets] 30/8/2022 10:01

You are right, elbrus55. It's not worth 4p under this management who have not achieved much if anything despite the most extraordinary events of a pandemic directly in its space. The Company should have made a fortune, but not with this Board.

4p represented a secondary profit target from when we were shorting a long, long time ago. This bear trend has already swept mrmark1, bigjock and others away with it.
Management continue to extract shareholder funds as salary and expenses at an avaricious and exorbitant rate regardless of the company's financial state and
degree of shareholder loss. Until shareholders wake up (it's one minute to midnight now), management will preside over the company's funeral, with its money in their pockets. Not long to wait now as we move below 6p
Stay short.

[elbrus55] 15/8/2022 14:55

I don't get why you think it is worth 4p long term. It is not a sustainable share price - either they go into liquidation or they have some fabulous intellectual property and get bought out. (which seems unlikely but not impossible)I think it will likely go into liquidation at some point. The existing staff will have notice periods and so if they go into liquidation while they still have enough cash they can be paid out for their notice periods (payment in lieu of notice). You'd imagine the staff are waiting for this and have been given 'retention terms' - otherwise they would have already quit?If they wait too long the staff won't get paid out for their notice periods.

[mrmark1] 15/8/2022 13:10

There are a lot more buys and sells than commentators on advfn - even shorts will close at 6-8p with a nice profit thanks to the MM's marking down. It's all good and hope you have made profit and continue to do so - I like 6-8p range to buy - cash in bank is nice security and news will be unexpected whatever it is - Directors paying a large amount at the last placing gives me a nice comfort zone at 6-8p - Good luck with your short - top slice

[shallow pockets] 15/8/2022 11:18

Drip, drop, drop.
Bigjock36 has been carried out on a stretcher.
So has every other optimist of this company.
Oh, other than you, mrmark1. But you are next. With your head in your hands and no money left in your wallet, as management takes home all of the company's cash on salaries and expenses.

Stay short. Target 4p.

[elbrus55] 15/8/2022 10:45

The market capitalisation of the company is only slightly more than the amount of cash it holds.Who would pour more equity into such a company? The company appears to just be a bucket with a hole - it leaks value and has little other use. They previously announced new customers and then said they have walked away.Your optimism is courageous.

[mrmark1] 15/8/2022 10:32

Liquidation - head in hands - they are a public listed company and can raise funds in a year if they need too - or take debt on against revenue or even buy a revenue producing asset for cash and shares in the Plc. One thing is for sure there is no chance of liquidation and to say so is again head in hands

[elbrus55] 15/8/2022 10:19

Share price equates to roughly 5p (cash), 1p (other assets at liquidation value, rather than going concern) and 1p (hope of a miracle)?They are burning that cash at about 0.5p / month so could go into liquidation in a year or so.Sadly it seems to be better to leave the manufacture of lateral flow tests and similar to the Chinese. I suppose they have a Taiwanese potential customer because they don't want to rely on the Mainland China for political/security reasons.

[mrmark1] 15/8/2022 10:06

Totally oversold/overdone by the market makers at 7p range

[shallow pockets] 04/8/2022 15:47

Can you hear it, Bigjock36 and other?

The drip, drip, drip of capital leaking away on overhead, which is mainly senior management's huge salaries.

The company share price resembles a junkie...it needs constant good news just to stand still. But of course, there just isn't enough good news coming.

Bulls are in for even more pain. The price action is awful.

Stay short. Target is 4p

[blackhorse23] 01/8/2022 13:53

Don't see any further in here so switched to high growth stocks MCL ( LSE) .... 5p to 20p many times last 6 month ... dividend yield & profitability is good ..

[shallow pockets] 12/7/2022 08:14

Ah, Bigjock36 is still alive (financially). We are "miles off" our price target? It's just one final lurch down. Our original target of 8p was reached some time ago and you were dismissive then too of our forecast.

After all your "good news" announcements, which are inflated in noise and substance, including our predicted haircut on money received from the Government, the lesser amount received was there for all to see well in advance in the latest accounts. Your "good news" has failed to lift the price. Odd that!

Fully funded? Well, I guess management is thankful, as they can continue clearing out the bank account with their salaries. But there isn't enough revenue to cover costs.

Instead of bullying and rude comments, why not explain why you have been so wrong about this company, as price is the final arbiter of right and wrong?

6 months ago the stock was above 20p. That represents good profits for some of us. But I am guessing not you, Bigjock36.

Stay short. Target is 4p.

[bigjock36] 12/7/2022 07:45

Brainless comment if I have ever saw oneBusiness is fully funded and receiving government funds which you stated they would never receive Shallow pockets you are still miles off your 4 pence guess from over 6 months ago I hate to burst your bubble but you are just as clueless in your price predictions as anybody elsePlenty to look forward to hear with a fully funded business

[shallow pockets] 11/7/2022 11:52

Well, Bigjock36 and his brother bulls have gone very quiet. No wonder. All the good news has been screamed out and yet here we are. Below 10p. En route to 4p. Cash burning every day. Management taking all the money. Shareholders taking....well, a beating, frankly. Only us shorts are capitalising on this hapless mismanagement by a hopeless Board.

It's the same old story...which is how we recognised this trainsmash in the making from much higher price levels, where we sit looking down.

Stay short. Target 4p.

[upomega] 08/7/2022 21:04

But weren't we dealing with an unknown which could have rapidly mutated. So maybe testing was the wises option at that time inmo.

[buywell3] 08/7/2022 00:09

Mass Testing in a pandemic situation along with tracking and testing as another concept has cost the UK taxpayers Tens of Billions of pounds

And it has achieved sweet FA

Building more modern -- pandemic proof hospitals and employing more nurses and doctors along with less managers would have far more sense

Let us hope the next batch learn

[bamboo2] 07/7/2022 18:40

It's confirmation of the prior news, so not really news!

Vatic next. US and Eurozone.

We could also do with news on more LFT's to detect AIV and other domestic and wild bird/animal virus.

AIV LFT for field use would be particularly useful right now.

Then there's MPXV and Polio to think about.

Why not throw in a few bacterial LFT's while we're at it! Black Death anyone?

[tomzimerman] 07/7/2022 14:48

Maybe not lol

[tomzimerman] 07/7/2022 13:04

Payment received from dhsc, good news

[blackhorse23] 29/6/2022 09:25

Switched to MCB (LSE)

[dave4545] 29/6/2022 08:08

Shake coming as the usual idiots looking for fast money take huge losses early doors to play another flyer

Already down to 12.7p offer online which is the lowest price since the news

[dave4545] 28/6/2022 14:53

Def shaking a few out because it's been well bid all afternoon but 99% just cannot hold a stock now.

So might drift followed by a late rally towards the close

[bamboo2] 28/6/2022 14:47

The first payment is approx 4p per share, the second is approx another 1p

Took a few.

[74tom] 28/6/2022 14:15

Could have run earlier if the market makers had let it go beyond 15 instead of putting it on NT to buy for 20 mins. Too many newbies in now who will sell between now and close. Personally I’d love to see a run to 50p just to screw the arrogant ‘shallow pockets’ over.