Oxford Nanopore Technolo... Share Discussion Threads

[brucie5] 30/4/2024 10:13

Added. Now watch it slip below £1 again.
;)

[tsmith2] 30/4/2024 09:55

Trading update July

[brucie5] 30/4/2024 08:16

Well way I see it, it's started to test likely new support at £.

[tsmith2] 30/4/2024 07:53

buying in if we get reversal on strength here

[takeiteasy] 30/4/2024 05:39

Sounds like more waiting on the next ONT results for confirmation of some sort of stabilisation/start of a demand recovery I suppose for me. The challenge is that the market seems to sometimes appreciate before the results (e.g. OXB) and buying in after a spike changes the risk/reward a bit - the joys of investing in recovery plays :)

[32v31today] 29/4/2024 20:39

One take I had from the recent pacb update was how terrible the end market is / has been. I think it hit them more than others. LSTools seem to have reported a better than expected tough period and looking at things picking up further in H2. This isn't based on a particularly deep dive, but nervousness from pacb will hit ONT. Bottom line for me, hopefully end market is picking up from here. I think Bruce nailed calling these prices a while back. My take is that, long term, this is massively mispriced by the market, and so an opportunity (unless you're dipping in and out every 5 minutes, in which case, who knows) . I'd expect to see the price improve very materially during 2024 (so expect it to go down ;) )My view on current price decline is potentially influenced big holders selling down and end market has been really difficult recently. Both of which have hopefully turned/ turning, both of which are hopefully good for share price. That said I've not done any sums on that.Reasons to buy not sell in my book.

[brucie5] 29/4/2024 17:52

Yes.
;)

[takeiteasy] 29/4/2024 17:24

PACB on Nasdaq on a healthy rise up for once - is this stock specific or is there a reconsideration for this sector underway at all

[brucie5] 26/4/2024 15:59

You could see 1.15 without any change in the chart direction. This is just profoundly oversold, afaic. Don't forget BioMerieux agreed to buy 3.5% at 2.38 last October; and very substantial, recent dir buys at £1 below that.
I see a rare historic opportunity at these levels, but obviously there are risks, so each to their own.
Of three analogous situations I follow: OXB starting to recover - ahead of results on Monday; CWR may also have based out.
As to the 'double bottom' here - yes, very possible, though no telling there might not be a third. Depends if there is another large seller still to come.
Absolutely NAI.

[tsmith2] 26/4/2024 15:12

I'm wanting to see a mover up through £1.05 on good volume before dipping toe

[seball] 26/4/2024 15:08

Double bottom. Technically things are pointing to 150p in short order. Buy

[tsmith2] 26/4/2024 14:27

double bottom?

[seball] 26/4/2024 10:54

Yes I agree once they expire in June things could get very interesting..... BUY

[brucie5] 26/4/2024 10:34

I see DARK has just been snaffled by a US company. Our pockets are being rifled. I very much suspect that ONT will go the same way once the LAT shares expire in June.

[brucie5] 26/4/2024 08:52

Well I was clearly wrong in my speculations about this morning's opening but I remain curious about the £1m trade yesterday. Perhaps further reduction from the couple of previous insti holders who went below disclosable 3% threshold some time ago. I think Singapore pension fund was one? I guess we can't rule out another.

Nevertheless I still continue to see 90p holding here. And the next time it pops up above £1 level will be the stronger for having cleared the 90s.

[seball] 25/4/2024 22:09

US markets recovered slightly along with bio stocks. Expect this to bounce higher. Good luck all

[brucie5] 25/4/2024 17:59

Of course the bottom is never "in" until it's in... the rear view mirror. There is no objective reason why this should not fall further. I suspect it won't, since 90p is a strong level; but I'd like to know where the selling is coming from.

I notice a transaction of 1m shares at 17:54 priced at 93p. Oddly the last two visible transactions on the LSE page are marked at 99p , at 18.08 and 18.28pm. So unless we're missing something, that is presumably where the price will open tomorrow and the 1m was the sell which explains today's weakness. That sort of size surely merit a disclosure as I can only assume in light of bod buying that it was an institution reducing at fire-sale price.

TR1 in the morning?

[p1nkfish] 25/4/2024 17:22

dd, tend to agree and if UK does get a further knock down when the US finally breaks, it will be a true generational opportunity.

Bottom in ONT? No idea, prefer to wait until upturn is confirmed with some confidence.

[brucie5] 25/4/2024 16:22

Wow - 9% drop to a more or less exact double bottom on the weekly chart. The level is being well tested.

[dexdringle] 25/4/2024 15:35

So many people say "the UK stockmarket is undervalued blah blah. Move listing to New York blah blah"

Perhaps the truth is that the UK market is the only one that is CORRECTLY valued ? 🤔

[tsmith2] 25/4/2024 15:24

on watch list

[seball] 25/4/2024 14:00

No just general macro environment. Directors bought a substantial amount. This is now again heavily oversold. I expect a bounce tomorrow.

[bdbd11] 25/4/2024 13:51

I bought an initial stake after the significant director buys about 6 weeks ago, but it's dropped circa 30% since and down 9% today. Is there something going on here that we don't know about? It seems bizarre that the directors would buy with such confidence if they were aware that just a few weeks later there was something going on that would decimate their capital.

[brucie5] 24/4/2024 16:02

Another day of testing the level...

[brucie5] 23/4/2024 15:44

Cleared £1 and pleased to see it. Might be some testing of the level now but I imagine those who would sell have largely been replaced by those would buy.
Core holding from hereon in, unless I see something I've missed.