Omega Diagnostics Share Discussion Threads

[smithie6] 26/11/2022 18:41

instis.
in the past they were
Legal & General
Liontrust
Octopus
Unicorn
Oryx

any more ?

looks like the price in April 2020 rose to 50-70p & then in October to 100p.
So, many big holders clearly got out & bagged their profits. They had good timing.

----

Octopus
16th April 2020, RNS that they had gone to 0%

Oryx
20th April 2020
went <3%

Legal & General
10th Sept 2020
went <3%

David Evans
6th Oct 2020
went <3%

Unicorn ?
Liontrust ?

[thirty fifty twenty] 25/11/2022 20:26

query please...

the CFO was previously involved with Indigo Vision and Superglass.
it has been said that these were successful turnaround storys
- does anyone know the scale of the turnaround success in these businesses?

it would be impressive if he has been involved in 2 turnarounds and then decided to join the mess that was ODX last year.

many thanks for anyone that knows the facts.

All IMHO, DYOR + BoL
ODX is in my portfolio

[thirty fifty twenty] 25/11/2022 20:23

well it would be interesting to see if any known institutions have taken a disclosable stake in ODX. what we can assume is that holders to date are individuals.
(maybe a hangover from the covid speculation days)?

I thought Dowling (?) was a holder.
(Is that the one with the well-regarded woman Scottish(?) fund manager?)
(i heard her talk very positively about the company prob about 18 mths ago and watch the price fall every since)

anyway, i took a position based on the chart recovery and will now analyse some more.

to there there will be obviously funds selling because they have a small residual holding in a micro cap i.e. they could just be selling for technical reasons.
anyway is seems very positive that such volumes can go through in a couple of weeks and overall the price has risen.

time will tell....

ALL IMHO, DYOR + BoL
ODX is in my portfolio

[masurenguy] 25/11/2022 15:21

It's irrelevant - I was not commenting on its legitimacy, just stating what it was.

[smithie6] 25/11/2022 15:16

Masuremguy

sorry, but I am right.
if you disagree then please give me the name of just 1 other listed company that has made this same stupid mistake ?

I don't think you can because ODX is the only co. to have made this stupid mistake. It is false reporting.
-----
either
ODX needs to correct its stated owners of >3%

or

all the other listed companies need to correct their accounts & website to copy the ODX mistake. That would be X hundred/thousand companies.

!!

[vaston] 25/11/2022 15:13

This looks legit

htTps://www.the-financialnews.com/?p=4057

[masurenguy] 25/11/2022 15:11

Gosh, keep your hair on ! Nominees are just treated as collective shareholding entities.

[smithie6] 25/11/2022 15:09

I expect this mistake will be corrected via an RNS in coming days. (the existence of false reporting has been 'reported')

[masurenguy] 25/11/2022 14:58

Interesting write up on this company by Private Punter.

https://email.bt.com/mail/index-rui.jsp?v=2.27.1#app/mail

Current shareholders shown below.
I have no position here so far.

Directors' Shareholdings

Simon Douglas 760,001: 0.32%
Jeremy Millard 1,025,000: 0.43%
Jag Grewal 894,926: 0.38%
Chris Lea 900,000: 0.38%

Significant Shareholders

Hargreaves Lansdown, stockbrokers (EO):52,534,721: 22.10%
Interactive Investor (EO):32,999,294: 13.88%
Spreadex Limited: 24,329,621: 10.24%
HSDL, stockbrokers (EO): 22,578,265: 9.50%
IG Markets, stockbrokers (EO):14,624,555: 6.15%
Walker Crips Investment Management:13,511,795: 5.68%
AJ Bell, stockbrokers (EO):13,282,716: 5.59%
Barclays Smart Investors (EO): 11,725,756: 4.93%
Cantor Fitzgerald Europe:9,356,635: 3.94%
HSBC DVB Account:8,010,574: 3.37%

Shareholding information last updated as at 30 September 2022
The number of shares in issue is 237,685,180
The percentage of shares not in public hands at 30 June 2022 is 11.75%.
(Shares not in public hands are defined as substantial shareholders of 10% or more plus shares held by directors).There are no shares held as treasury shares.

[smithie6] 25/11/2022 13:38

btw
I think there is 1 mistake in your write up

it mentions cash raise at 5p, whereas I think you meant "at 4p"

----

"On 6 May 2022, Omega announced its intention to raise gross proceeds of up to £4.1 million by way of a Placing, Subscription and Open Offer (together the "Fundraising"), all at an issue price of 4 pence per New Ordinary Share."

----

I think it would be useful, if you could consider to update your write up to make it clear what is the situation of the building that ODX plans to move to.
For example
- is it being built for ODX (I think yes, either built or modified)

- does ODX have any TNAV in it or is it all going to be a leased building ?

- ODX now don't plan to move until 2025 I think. Does ODX have to pay any rental/lease costs in '23 or '24 if the building is ready but ODX leaves it empty ??

I don't know.
I think various ppl would like to know.

[hastings] 25/11/2022 13:12

Write up for interest.Https://martinflitton1.wixsite.com/privatepunter/post/omega-diagnostics-on-the-mend-25-11-22

[mam fach] 25/11/2022 12:07

Not much sign of recovery this morning which is disappointing.

[felchandbart] 25/11/2022 10:39

There's still time! Have opened a position here. Looks like the biz has turned a corner and is now a great recovery stock. Bags of potential. Can see this flying well past 12p, by the way.

[satkaur1973] 25/11/2022 09:37

Why has this not soared today ?

[smithie6] 25/11/2022 08:33

colon king has gone. & the other guy

new ceo ran the division that grew turnover.

[m0riarty] 25/11/2022 08:30

could go nuts.... lol

it was priced at £1 less than 18 months ago...

its now 4p

a cesspit messed up by ceo colon king and the clown bozo johnson

[hastings] 25/11/2022 08:06

Spoke at length with the CEO yesterday, so hopefully have my write up here later for interest.

[g2theary] 25/11/2022 08:03

Could go nuts this today :)

[smithie6] 25/11/2022 07:40

cash in escrow outside of the co. & cash received & in the company's own bank account

are 2 very different things.
very different.
------

the cash held is now what % of the cap value ?
6.5/8.5

75% !!

-----

risk/reward

with today's RNS the risk factor has reduced a lot.

[bubloo] 25/11/2022 07:24

it was known 4 million was in escrow. so why should it move the price

[wapper] 25/11/2022 07:08

Cash received . £6.5m cash in bank

[babbler] 24/11/2022 22:04

Apologies it was black horse i meant to reply to.

[blackhorse23] 24/11/2022 15:28

MCL (LSE) another stock