Microsaic Systems Share Discussion Threads

[dave4545] 10/6/2019 18:48

Microsaic
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@Microsaic
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[dave4545] 10/6/2019 18:36

Bones

If I was trading this I would not be taking afternoons off. I'm sticking to 5p for first slice.

I can see more and more locations and deals being signed.

Also note how little selling there was, normally when they drift a lot sell for a loss, there was almost no sales this afternoon.

People know what's coming here, it's just a case of when it happens.

[pennyfalls] 10/6/2019 14:39

Bones et al..cheers
I’m intrigued and (moderately!) excited here.
It’s a good test of pure Technical Analysis this one - which was recently born out on NFX and MATD shares...the Golden Cross 50/200 day crossover.

As with all technicals, there are caveats, and sometimes reality is bent to fit the TA! - or vice versa.
Things have to align including sentiment (which I think MSYS is garnering incrementally with each attendant RNS), other technicals - RSI, Stoichs and T-Line (9 day MA), and also whether there is a seller in background.

On balance, this is going to depend on whether someone is selling big-time into the rise - and then it will be purely on the longevity of underlying buying pressure.

As you (and another poster) rightly stated, MSYS had an awful start on floatation (after a decent initial inception). Things appear to have changed somewhat, but it’s still lacking Sales figures and recent ‘turnaround217; figures.

On balance I’ve had a punt purely on rising wedge TA patttern and Golden Cross on back of rather decent RNSs. But no idea if this has legs.

[bones] 10/6/2019 12:49

Dave, they’ll sell you 250k @ 1.65 and 500k @ 1.675. As expected, the seller has a few to go and Singer is having to reel out a bit more line. Have patience. Once seller is cleared, the underlying demand should take the price up.

[bones] 10/6/2019 08:52

LOL, enjoy NY Boy. I was there last August. V Hot but lovely spot (Lake Annecy).

[ny boy] 10/6/2019 08:21

Love the way they widen the spread lol

Stay patient, stay long, reap in a few years.

Right catch up soon, off to catch some sun in South France 33c coming up

[dave4545] 10/6/2019 08:16

Little shake first thing.

1.5-1.7p

But 1.641p bid online so still way over mid price to sell

[cottoner] 09/6/2019 22:57

Unicorn bought @ 2p only a year ago , since when MSYS have announced lots of positive news.

[longstaycarpark5] 09/6/2019 22:13

Nigel Wray was a big holder here once. Unless a fund like Unicorn selling?

[longstaycarpark5] 09/6/2019 22:11

Bones. An interesting post. May I suggest take a look at the admission document which is available online. Sales pre-float were sometimes higher that currently at £800k. For its first six years the business was even profitable. Looking at recent news I cannot see the link between the ability to detect small and large molecules with cost-savings in manufacture of biologics. Maybe someone here can explain? Finally, Waters QDa and Advion are competitive small mass spectrometer instruments that have equivalent performance so is there a risk that they could simply clone MSYS strategy? Any thoughts?

[dave4545] 09/6/2019 20:34

"Leading players in the global biologics market include Sanofi, GlaxoSmithKline plc, Eli Lilly and Company, Amgen, AstraZeneca, Novartis, Bayer AG, F. Hoffman-La Roche AG, Pfizer Inc., and AbbVie Inc"

Just imagine a tie up/deal with any of these big players.

[dave4545] 09/6/2019 15:28

Looking forward to next week. But still thinking medium term and in some point in next 6 months this will trade at 5p+,

"Microsaic estimates that there are potentially substantial savings available for its customers by switching from traditional analysis methods to Microsaic's MiD(R) ProteinID technology"

[bones] 08/6/2019 22:16

Pleasure Pennyfalls. I wanted to take a look anyway as it is always revealing to go back to the start of a company's existence in Companies House records and see how it built to be a public company. You get a feel for the management that way. MSYS started in 2001 and took 10 years before deciding to float in 2011. I hope they succeed.

[pennyfalls] 08/6/2019 20:23

Hey there Bones..
thanks so much for your slant on things and looking at the back finances. Much appreciated you taking the time and effort to post.

[ny boy] 08/6/2019 18:03

Someone buying the shares then, I am sure all will be unraveled next week

[dave4545] 08/6/2019 11:58

If you are certain that Unicorn is not the seller then next worse case scenario could be Octopus with 9.45%, with 456 million shares in issue that is around 42 million.

Herald 7.5% or approx 33 million

Have to rule out Fidelity now because they could have been cleared this week as they hold less than 18 million and the mm has been selling down stock long before today.

Not every buy goes to Singer with the overhang so bear in mind despite 21 mil of buys on Friday some of them went to other market makers.

But with this relentless buying you are worse case going to clear even the biggest seller next week and possibly by Tuesday so long as the big 2 are not the culprits.

[bones] 08/6/2019 11:18

NY Boy, given how some funds end up selling for stupid losses, I don’t really trust any of them to do due diligence for me although as you say we can take some comfort if you trust the management of Unicorn.

I’ve got to say though, over the years, the management and constant dilution has been lamentable. Still, if I find the trough of the move I will be happy!

[ny boy] 08/6/2019 10:28

Big global market,

Glenn Tracey, CEO of Microsaic Systems, commented,
“We are very pleased to partner with CM-C in South Korea. In particular, the team at CM-C has the in-depth technical expertise in two key areas of interest for us: reaction monitoring and thin layer chromatography.

Online MS can enable rapid chemical quantification (<1 min analysis duration), for desired compounds and intermediates. MS can provide a greater degree of structural information and product composition, compared with optical spectroscopy, all in real-time due to its short method times.

Consequently, MS is becoming the analytical technique of choice for optimising an automated flow reactor, as the technique determines steady state and then calculates a product yield with minimal data manipulation. Furthermore, Microsaic’s MS technology is specifically designed for point of need applications.

Estimates of the global market size for the reaction monitoring equipment market are in the region of $1.5 billion by 2022, with leading annual growth rates in Asia Pacific.

We work exclusively with local partners, knowledgeable in separation and MS technologies. Our strategy continues to be focused on business development in all key geographies.”

[ny boy] 08/6/2019 10:26

Cottoner, yes apologies, higher than I thought. Directors bought chunks at 2p and previously 5p, going back further there was some buying around 27p

[cottoner] 08/6/2019 09:05

NY BOY

Funding last year was at 2p - still above the current share price

Microsaic Systems plc (AIM: MSYS) the developer of point of need mass spectrometry ("MS") instruments, yesterday announced a Placing and the launch of the PrimaryBid Offer. The Company is pleased to announce that it has conditionally raised gross proceeds totalling, in aggregate, £5.5 million through the successful Placing and PrimaryBid Offer of 275,000,000 New Ordinary Shares at an Offer Price of 2 pence per New Ordinary Share (the "Fundraising").

[ny boy] 08/6/2019 08:55

Bones, I let specialist fund Unicorn Asset Management do the due diligence for me, they took a large 16.4% stake last summer.. around 1.5p from memory. I am sure they wouldn’t invest that sum without giving MSYS a thorough once over. As far as I know, it’s a long term hold for them and I haven’t seen them sell but it will be interesting to see what’s behind the huge 20M shares traded yesterday.

[bones] 07/6/2019 23:41

Pennyfalls. 7 Jun '19 - 16:58 - 95 of 97

Just out of interest, fellas, does anyone hold here long enough to understand the back-story and why the shares crashes a few years ago from circa 50p?
Was this the usual Phrama case of major dilution, early unproven tech etc?
Just wondering what the (brief) story was that got it down to circa 1p from those heights?

Valid question Pennyfalls, so I took a quick look through Companies House accounts and some RNS’s and it seems to me that since flotation in 2011, the company has perpetually made losses around £2M annually due to an inability to find sufficient sales for its traditional small molecule mass spectrometer technology whilst constantly spending on R&D to improve the products and look for new technological advances.

Because of the losses, the company has also regularly made placings starting off in the early days around 30p to 40p per share but as losses built and strategies failed, placings became ever more dilutive due to a collapsing share price, culminating in the last placing at 2p last year which created more shares than already existed. No wonder then that the share price has gone from 50p to 1p!

My general view is that, up to very recently, the management haven’t really been very good! There seemed to be the old founders who were hanging on but these were really academics who tried to commercialise out of the Imperial College, London. Boffins don’t make money, they research and discover things. However, it does seem that the old guard has eventually left the building, whether walked or pushed.

There has been a regular turnover of other executives too in recent years, partly I expect in the vain hope of finding the right people to take this forward. That is never a happy scenario.

I am new to this company but it seems there is some confidence that Glenn Tracey may just be the CEO to do it right. The company seems to be accelerating signing up distribution deals for its old MS products around the world whilst good technological progress is being made with the protein identification and bioprocessing areas using MSYS technology.

As I see it, the share price has a lot of baggage to shed and that is proving hard to shake off but, whisper it quietly, maybe the stars are aligning with commercial successes coming thanks to a much less flabby, complacent management team?

[ny boy] 07/6/2019 19:59

Dave, what a day, over 20M traded! Must be some research note out today, the news was good but wasn’t expecting more than a few mill today, no doubt we will get a holding rns or two out soon.

Knowing, nothing wrong with Mersea, was at the oyster bar at the weekend, fantastic oysters, nice Blighty day out, never been to Clacton or Yarmouth but I heard it’s nice in the summer, you should try it out if you are in that part of the World.

I never worry about the dross, they all make the market, up and down, up more, makes no difference if you are holding 2-3years, I added when these were unloved around 0.9/1.0p I am in long term as I have done enough research here to feel confident about MSYS management delivering.

Off to check for any press, big volume day, must be a story out there somewhere.

Have a good weekend all, it has been an excellent week, plenty of bargains about