Niox Share Discussion Threads

[bc4] 23/5/2023 17:15

Starting to pick up the last 2 days topped up yesterday

[thaiger] 19/5/2023 08:37

After upbeat trading statement yesterday, two large buy trades @59p this morning yet price is down?!?

[earwacks] 18/5/2023 09:23

Typical market reaction to news. We have seen a rapid rise in the share price in recent weeks. Stockopedia has Niox a PE of 34. Not sure if that is still the case Stockopedia are tirelessly slow to update. So a bit of profit taking is inevitable. Cant deny I havnt thought about it myself, but just seems a bit too risky to duck out at this stage.the volume of buys in recent weeks has been quite relentless and some hefty stakes too.
Chris Mills Harwood trust said the 65p directors bonus would not happen under its own steam.Its only a few pence short now Chris! They get another tranche of bonus if it gets into the 70s. Its certainly not cheap, but on the other hand not that expensive for the sector. I dont who you could compare it to. Quite a stash of cash and more to come. More than enough for a decent divi or even a special.do they need that much to launch the home kit I wonder? At this stage I would prefer a predator to take away the decision about top slicing please! Gl all

[p1nkfish] 18/5/2023 07:48

Looks fairly predictable product demand going forward too and still have home test kit to launch. Asthma not going away anytime soon.

[edwardt] 18/5/2023 07:39

no idea why - stonking update - enough to take your breathe away..

[az4hr] 18/5/2023 07:31

muted reaction from the market

[p1nkfish] 18/5/2023 07:27

Valuation now?

[bc4] 18/5/2023 06:41

I missed this bit cash balance up over 15% so full year we are looking at 30 mil or more

Gross margins continued to be robust, which together with the lower overheads as we exited 2022 meant that adjusted EBITDA for the first four months of the year was well ahead of management expectations.

The unaudited cash balance at 30 April 2023 was GBP22.3m (31 December 2022: GBP19.4m). Returns claims amounting to GBP1.1m relating to the discontinued business that were noted at the time of the preliminary results were settled in April.

[mginvestor] 18/5/2023 06:36

Don't forget the end goal here is to sell up. Comment here by me and snippet from brokers update:

[p1nkfish] 18/5/2023 06:31

And no tax to pay from here to infinity looking at the previous losses.

[p1nkfish] 18/5/2023 06:29

Bloody hell, impressive.
Usually management expectations are kept internal and market expectations are lower to help give some safety margin on delivery to market.

In this case they beat management expectations!

[thedudie] 18/5/2023 06:17

Fantastic statement - a large revenue increase, EBITDA higher than expectations and dividends to come.

[bc4] 18/5/2023 06:08

NIOX GROUP PLC
AGM Statement

Oxford, UK - 18 May 2023: NIOX Group plc (AIM: NIOX), a medical device company focused on point of care asthma diagnosis and management, is holding its Annual General Meeting today at the Hayakawa Building, Edmund Halley Road, Oxford Science Park. Oxford OX4 4GB.

Trading Update

We are pleased to report that our business has continued to perform well, with total revenues in the first 4 months of the year up 21% compared with the same period in 2022. Our core Clinical business grew strongly with revenues up 28% compared with the same period in 2022. EMEA has continued to experience strong growth, and our Asia markets have also improved significantly. In the USA, our relatively new distributor partners are starting to make an increasing contribution to revenues in the region, which were up 16% year to date compared with 2022.Ian Johnson, NIOX's Executive Chairman, said: "I am pleased to report a continuing strong trading performance in the year to date, reflecting the successful execution of our strategy. The effect of the growth in revenues, robust margins and the lower level of overheads means that adjusted EBITDA for the full year is now likely to be significantly higher than management expectations at the start of the year.

The Board believes that the cash generation and resources of the Group are now at a level where it is appropriate to commence the payment of a dividend. Further details of the timing and quantum of an initial dividend payment will be announced in due course.

It does not get any better than that great update

[p1nkfish] 16/5/2023 14:57

INVA is US broke out a little too, late last week. Wonder if any correlation.

[bc4] 16/5/2023 14:07

Taken from NIOX website

FeNO by NIOX®
Introducing a simple and easy way to transform your asthma care.By accurately assessing airway inflammation, FeNO testing can help improve asthma patient outcomes in one simple test, right at the point-of-care.
Trusted around the world
With over 45 million FeNO tests completed worldwide, NIOX® is trusted by thousands of healthcare professionals every day. Find out how FeNO by NIOX® can help make your asthma care easier.

[bc4] 16/5/2023 13:45

bc4 12 May '23 - 12:01 - 70 of 75
Yes looks like we could be on the move

We are on the move!

[muffster] 12/5/2023 14:39

You can buy blocks of 500 shares only at the moment

[bc4] 12/5/2023 12:10

Well you can sell 60,000 at 52.69p but you can't buy 5000 online, make of that what you will

[saadia110] 12/5/2023 12:07

Yeah something is going on here for sure. May be an upcoming update ahead of expectations or tipped somewhere?

[deanowls] 12/5/2023 11:39

Something is happening for me, too quick.

[badday] 12/5/2023 11:11

Too early for a buyout? The ultimate goal.
Weekend tip, or just anticipation for positive update?

[bc4] 12/5/2023 11:01

Yes looks like we could be on the move!

[earwacks] 11/5/2023 08:03

Last year as Circassia we got a 4 month update at the AGM on May 12th, ahead of expectations naturally. The share price was around 35p then dipped below 30p for a couple of weeks and then continued trading between 34 to 40p range. Since then we have seen the name change and capital reduction so my feeling is 50p is not overly expensive for the updates and expectations this year especially in light of China's market opening up and of course the possibility of the launch of a home kit at some stage. This year Niox AGM is scheduled for May 18th, which hopefully will include news on first 4 months trading this year GL all

[mginvestor] 05/5/2023 12:59

Looks like a cup and handle pattern to my untrained eye



GLAH

[bc4] 05/5/2023 08:20

The real spread for 50,000 shares is 48.90 to sell 49.70 to buy so well above the quoted price to sell