Omega Diagnostics Share Discussion Threads

[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"

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"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."

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

75% !!

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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

[terminator101] 24/11/2022 13:23

You are confusing me with someone else. MCL is a pile of pish IMO

[smithie6] 24/11/2022 10:07

...I've picked up a few...

that £4m makes the NTAV a notable % of the cap. value.

[silverspoon2009] 24/11/2022 10:02

Can confirm there is not a great deal of stock on offer currently.

[broken_arrow1] 24/11/2022 09:57

Larger buyers (500k+) are being asked to pay 4.25p, price is still strengthening in the background.

[zen12] 24/11/2022 08:57

Spot on, excellent news here is the £4m due shortly.

[broken_arrow1] 24/11/2022 08:54

It is worth remembering that large buyers were paying up-to 4.5p a share yesterday, there were a number of auctions, this suggests institutional investors are acquiring.

Early doors profit taking by retail traders will shortly dry up - it is evident the market does not want to let new buyers in cheaply.

[hastings] 24/11/2022 08:50

Speaking with the company this morning, which is a new one for me despite it being on my doorstep. Hopefully have a write up out in a day or two with some thoughts!

[yasxii] 24/11/2022 08:40

Omega is a turnaround play from a low base, management have demonstrated they are able to re-organise efficiently.

The company has a firm financial footing - shortly the cash position will exceed £6.5m - how many AIM companies sub £10m m/cap would like a cash position in excess of £6m.

The shrewd will accumulate and look to exit north of 15p - in the meantime that well constructed note offers a target price of 12p

[broken_arrow1] 24/11/2022 08:26

Price is strengthening behind the scenes - they want a large premium for just £10k of stock currently.

A number of retail brokers are 'at best' above 50,000 shares.

Expect this to bounce later.