Abingdon Health Share Discussion Threads

[pomp circumstance] 30/4/2021 12:44

Get out now, this company is infected with a nasty virus passed on from a Tory!

[grosstonnage] 28/4/2021 18:58

Load up it's gonna blow.

[grosstonnage] 27/4/2021 20:51

Will all be resolved in a couple of weeks.

[pomp circumstance] 27/4/2021 20:27

Covid-19 test firm Abingdon’s shares crash 30% amid government cash row

[chrisdr2] 27/4/2021 17:01

If there is a problem with the DHSC and the previous contract why are 500.000 ABDX ABC-19 Rapid Neutralising Antibody Tests being used in the second phase of the UK Biobank Self Test Study, as reported on 29th March?

[varies] 27/4/2021 10:52

We all make our mistakes.
I bought my ABDX shares at 106p soon after the public offering in the hope that their Lateral Flow Test would work and be generally accepted, a hope presumably shared at that time by all other purchasers.
It seems reasonable to expect a settlement with the DHSC in a few months time and I like to think that those parts of the company's business that are not related to Covid19 may prosper as and when restrictions are lifted. I am going to have another look at the prospectus to remind myself what these are.

[mikro1] 27/4/2021 09:11

There is almost no risk of. fund-raise - they have 7 million in the bank. It is highly likely the govt will pay up (they have delayed likely due to the legal challenge to the way the govt gave the consortium the contract but a contract is a contract). IN the highly unlikely event that they don't pay up the response (as stated in todays RNS) will be to reduce the cost base (ie expand less quickly) not raise money. The main risk here is - will ABDX ramp up enough capacity in the correct product ie how long till ABDX ramp up manufacturing? Will they pick the correct product to ramp up? and if they don't - how long will it take to switch manufacturing lines to the winning product? Given that ABDX can't see the future these are significant risks.

[pomp circumstance] 27/4/2021 09:08

DOOMED on the back of Tory Sleaze

[mikro1] 27/4/2021 08:58

I bought some this morning - can only see it going up from here

[grosstonnage] 27/4/2021 08:51

Chris Yes my thoughts too.

[chrisdr2] 27/4/2021 08:44

Not great news though I see 2021/22 being a better year given the timing of contracts. Good time to add a few more with caution!

[pugugly] 27/4/2021 08:36

Probably more likley that there could be performance loopholes in the contract but managemet (imo) are being opaque in this area - Would just love to know if they have taken Leading Counsel's opinion - If not why not?

[grosstonnage] 27/4/2021 08:32

I mean is this vindictive Govt using it as an excuse?

[pugugly] 27/4/2021 08:29

More " If the outstanding and overdue sums are not paid in the short-term, then Abingdon may need to reduce its cost base."

Not sure which Court Case you mention - Memory is that is against how the contract was awarded by the Government and not against Abingdon - or have I missed something?

[grosstonnage] 27/4/2021 08:19

Good point. Is it the court case?

[pugugly] 27/4/2021 08:17

Sitting on a loss but not prepared to gamble yet as gut feel gives high risk of risk of low price placing - OK I may miss a short term bounce but need clearer vision on why payment delayed -

[grosstonnage] 27/4/2021 08:13

The next news must be positive regarding COVID and non COVID assays. It is there in the RNS.

[grosstonnage] 27/4/2021 08:07

PugI topped up this morning. How about you?

[pugugly] 27/4/2021 07:49

Massive pre-open markdown -


"The Board therefore expects the results for FY21 will be substantially below the current market expectations. "

Not been paid by the DHSC-

Could there be a sudden call for a massive fundraise with very significant dilution if the invoices continue not to be paid or enter into dispute?

Thoughts?

[chrisdr2] 22/4/2021 13:29

Yes, but dreadful PR and relying on the good news of others, ODX, Mologic, Avacta et al....but a great investment at these prices...

[grosstonnage] 22/4/2021 10:46

A bit of interest being shown now.