Omega Diagnostics Share Discussion Threads

[geraldus] 12/4/2012 15:56

Positive news from IDH on their auto-test placements and new assays in the pipeline wouldn't have done any harm today.

[longshanks] 12/4/2012 11:35

I've had a reasonable year to date - but the market is hard to call and you have to be nimble and ruthless in your trading to make any money.

Take a look at STI leedslad001. I played that one from 6.5p to 10.5p and it has come back down since to 8p. It could do very well this year - so I will be looking to get back in soonish.

[monis] 12/4/2012 10:15

trading update today last year by the look of things imo dyor.

[longshanks] 12/4/2012 09:32

limits have returned to normal but it looks to me like the tide is starting to turn. One blue day doesn't make a bull run to misquote a saying but my waters tell me that the market is short(ish) and could well be ready to go long.

I've thought that before with ODX and have yet to call it right - but patience is definitely the order of the day for trading these illiquid stocks and with a trading update imminent on the back of that nice sized share purchase in January by the FD - I am looking forward to the possibility of finally getting it right!

[longshanks] 05/4/2012 12:51

Picked up some more. Games are definitely being played with the share price: online limits are very tight on the offer even after the offer price was raised to 11p.

Looks to me like the MMs are using some fancy computer algorithm and it has told them that someone out there must be desperate to sell. And so they are waiting.

Can't see it myself - but I welcome the opportunity to load up at these prices.

[longshanks] 02/4/2012 08:57

A rather substantial trade this morning (1744000). I wonder if that is the worked sale that has been holding us down all these weeks and months.

Looks like it has been finally placed and - presuming there is little left of this downward pressure - we could be due a decent rebound from here.

Edit:
Trade was actually from David Evans relocating some of his holdings into a SIPP.
There was a follow up trade the following day too - so perhaps some other SIPP type transfer corresponding with the tax year end.

[longshanks] 29/3/2012 18:24

interesting trades today too. Some selling - yes - but most of the trades I have registered as "buys" below the mid.

Net drop in the offer price but the bid has stayed firm at 10p. Will be doing a largish top-up in the next week if the price holds where it is. The scheduled April update is fast approaching.

[longshanks] 21/3/2012 07:34

Strange price action over the last few days. It looks like we have had some fair buying and that prior sell orders have dried up. However as soon as the bid rose to 10.5p yesterday some retail selling started and the price pulled back to 10.25p.

I don't know who is in need of selling at the moment. I have a sneaky guess that we have some people "taking losses" to offset against CGT gains elsewhere ahead of the tax year end.

[longshanks] 16/3/2012 06:38

Good to see a plug for ODX in Shares magazine this week.

The mention is so brief you could blink and miss it - but the company is mentioned as one of the "interesting" healthcare plays being made by L&G's Fund Manager.

[leedslad001] 15/3/2012 08:52

Agree
Good luck

[longshanks] 14/3/2012 21:31

could be filled - best of luck.

I have an order (small one) going in tomorrow morning but I think we have plenty of time to build our stakes. Price still looks like it could go lower yet - but the selling volume is puny. Our time will come.

[leedslad001] 14/3/2012 14:04

got a buy order in at 10.50 here's hoping

[longshanks] 03/3/2012 00:08

I am flattered you think me worthy.

[bluebelle] 02/3/2012 19:12

longshanks
Have copied a couple of your posts on to here :



Hope that's ok - if not, let me know there and I'll remove them

[longshanks] 02/3/2012 19:07

Edison have marked ODX down since their note July last year. At the time they were predicting PBT of £1.4m and £3.1m for y/e 2012 and 2013 respectively so the current estimates show substantially lower profitability for 2012 and 2013 but accompanied by significantly lower revenues anticipated for 2013.

There is no real basis offered for these estimate downgrades that I can see - I suspect they are linked to both increased investment costs by ODX for product development and more realistic time scales on a launch of the iSYS system. There is potential however for this to be turned around by better than expected performance for the full year.

We probably have another 12 months before we can anticipate the market sitting up and taking note - another 12 months to build up our stakes before cashing in.

[davydoo] 02/3/2012 17:00

Thanks for that leedslad

[philo124] 02/3/2012 16:35

Yes good detailed note, thanks, current year p/e 8.9.

[leedslad001] 02/3/2012 16:19

Nice broker note

[monis] 29/2/2012 15:45

Our prospects still appear to be relatively unnoticed.

[longshanks] 28/2/2012 17:39

Depends who "they" are IMO. The trade at 11.75p could have been a "sell" or it could have been one MM helping out another at the mid price.

Personally I believe that any seller must be a forced seller (as few can be in profit if selling below 12p).

The institutions were big supporters of the placing and whilst they could be looking to profit from any price above 12p - I doubt it as ultimately they must be interested in the three to five year view that should hopefully catapult ODX into being a medium sized enterprise (very rare to have such backing for any company below £20m market cap).

No - I think we have had negligible volume in recent months, the MMs have marked the price down as a result and the current flurry of buys is probably from one or more PIs seeing some potential and little continuing downward pressure (certainly that is what I see).

We need to wait and see but currently the price is still well below the 200d m.a. and that is my primary indicator for any hint of a recovery.

Overall though we do know the company is sound, profitable and in a growth market; the FD bought £10K of shares in January and we have some "high potential" news flow in the next couple of months detailing how the company is realising its strategic objectives.

Lots of reasons to buy I guess and few reasons to sell unless you have no other option.

[philo124] 28/2/2012 17:15

Good progress.

[leedslad001] 28/2/2012 17:11

longshanks
Not me today been out all day. Nice to see a bit of action. still the odd 20K sale still comming. They can't have many left now!!
Then we will see the real rise :-)

[monis] 28/2/2012 14:30

appears to be moving up nicely now.

[longshanks] 28/2/2012 12:24

is that you buying leedslad001?

MMs are looking quite short again.

EDIT: someone is keen - paying 12p for 25K when the offer is only 11.5p - person needs to get a better broker. Either that or their purchase is the only one available... Have to say can't seem to get any at all myself. MMs are going to have to raise the bid again and see if they can sucker out any sellers.