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GTX Genetix Grp

84.00
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Genetix Grp Investors - GTX

Genetix Grp Investors - GTX

Share Name Share Symbol Market Stock Type
Genetix Grp GTX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 84.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
84.00
more quote information »

Top Investor Posts

Top Posts
Posted at 25/8/2009 11:12 by investinggarden
Hold recommendation from Growth Company Investor
Posted at 17/1/2008 19:34 by simonbroughton
Featured on the growth company investor website today. It's the first time I've looked at these since 2000/2001.

It's good to see survivors from that era starting to make it at last.
Posted at 01/3/2006 14:24 by scumdog
Decent enough results. However, only 55% of profit before tax is from operations - the remainder is interest received on the £25m cash pile their holding.
This company exhibits similar characteristics to Celsis (CEL) which also holds a significant amount of cash. Celsis does pays a (smallish) dividend whereas no mention of dividends in the Genetix statement today.
The Celsis share price has traded within a narrow range for 18 months now.
The biotech sector doesn't appear popular with investors at present and hasn't been for 2 or 3 years.
Posted at 05/11/2003 13:45 by mad4it
pfb5

I seek not attention, I seek investors!
Good to have some company.

p.s. I don't understand my last two posts either! ;)
Posted at 29/10/2003 13:30 by mad4it
Anyone watching these ? I bought a few at 48p and 60p.

This looks like a good potential recovery story to me. A profitable company, with Approx 29p in cash, supplying state of the art equipment to the biotech industry. Recent director purchase of 50k at 55p and it's good to see the options issued to the new COO at 51.5p are performance related.

I remember when GTX floated, their products were considered second to none. We are seeing a lot of growth in the biotech areas where they are supplying products and their products are still seen as a must have by the big Pharma companies (see below). Worth a punt I reckon. Here's the most recent, relevant info:

29/07/03:
LONDON (AFX) - Genetix Group PLC said sales fell to 4.9 mln stg from 6.3 mln
stg in a continuing difficult trading environment.
For the six months to June 30, pre-tax profit fell to 0.2 million from 1 mln
stg in 2002.
It said conditions were challenging throughout the first six months of 2003.
Difficulties for the biotechnology sector in raising funds, cutbacks and delays
in academic grants, and pressure on pharmaceutical companies to orientate their
R&D towards late-stage products have put pressure on supplier companies such as
Genetix, it said.
But despite these "tough conditions", Genetix remains profitable overall and
financially strong with 21.4 mln stg of cash in the bank and an innovative
pipeline of new products to generate future revenue, it said.
Looking ahead, it said it remains confident in the company's ability to
increase its market share as well as the opportunities to enter new markets.
But in view of the continuing uncertain trading environment, the company
remain cautious about prospects for 2003, although it anticipates maintaining a
strong cash position of over 20 mln stg throughout the year.
"We are encouraged by recent signs of a return of investor confidence in the
biotech sector on the back of promising clinical data and product approvals,
which underline the long-term promise of the industry," it said.

.............................................................................

RNS Number:5130O
Genetix Group PLC
11 August 2003

Genetix launches the aliQuot liquid handler
Pre-launch orders placed by two of the top three major pharmaceutical companies


Boston, USA, 11 August 2003 - Genetix Group plc (LSE: GTX), the genomics and
proteomics technology group, today announces the launch of the aliQuot, an
automated solution for the low volume dispensing of reagents, chemicals, cells,
beads, reaction mixes and other media, at the Drug Discovery Technology
conference in Boston, USA.

The aliQuot, a desktop machine, uses a proprietary fast pressure-timing dispense
mechanism to fill a 1536-well plate with one microlitre in under 30 seconds. The
level of accuracy (well-to-well CV of approximately 5%) is unsurpassed by any
other instrument in its price bracket. The major markets for this product will
be drug discovery, forensics, genetic screening, genomics research and high
throughput screening.

Low volume dispensing is economically beneficial to pharmaceutical companies
when testing compounds with reagents which can cost thousands of dollars per
millilitre. Using smaller volumes in these assays enables a greater number of
tests to be carried out, or the same number of tests at less cost. Another
feature of the aliQuot which reduces the cost of assays is a backfilling
function which allows unused compound or reagent remaining in the dispensing
pipes to be flushed back into the reservoir bottle for future use.

Future developments are likely to include the simultaneous dispensing of up to
eight reagents.

Julian Burke PhD, Chief Scientific Officer of Genetix, commented:

"The aliQuot makes small volume dispensing accessible to laboratories previously
unable to conduct assays on this scale because of budget or space constraints,
it also offers a more economical solution to those larger companies already
conducting tests on this level. Building on skills acquired during the
development of the Qfill2 liquid handler, Genetix is able to offer this small
volume capability at excellent speed and accuracy to it customers. Multiple
pre-launch orders have already been received by two of the three leading
pharmaceutical companies."
Posted at 06/12/2000 09:42 by joe soap
Well, it's been fun. I see that I'm not the only "small" investor who got scared and ran with their profits after the 333K sell. The price stayed stable considering, and probably has further to go, but I guess my nerves are a little frazled at the moment. I concur with Meg...the price may be stalling, but I'm happy. As I said, it's all about keeping a happy balance between buys and sells, and 333K is not a happy balance. Unlike the Minmet threads (if that's what they can be called), it's been very informative. See you all at the next IPO.

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