Premaitha Share Discussion Threads

[twix386] 29/9/2018 12:57

Now with placing announced and advised fully taken up at 10p and Results of historic performance/disappointment out perhaps after the dust settles we can look to new contracts, new product progress and the news TW was shouting about for it was that news that he had as a basis for share price appreciation by Xmas.Let's test sentiment again after TW's expected news, which i still expect, is dropped.

[deanroberthunt] 29/9/2018 11:57

If you look at it logically, there's actually less risk buying it now at 11-12p with a 10p placing, than it was buying it at 4-5p with a 4.5p placing then....as then the dispute was still unresolved and got have gone a number of directions, not all benign.

...and even after the placing at 4.5p it nearly 4 bagged.

no advice intended.

[hjb1] 29/9/2018 11:43

Hey Dibs, why keep saying it won't get done at 10p....IT ALREADY HAS BEEN DONE AT 10P, total £2.5m FFS!
What's more new investors know that they will need to fund again, so it looks like future funding won't be a problem either.
And you were one of the few, ha ha! you mean after the world and his friend, lol!

[ikeadave] 29/9/2018 10:31

Nice try mickey. If it’s in a blog it must be true, right?

My other half is a chartered account at the BoE and I read the going concern statement to her - “yes, you’d have to put something like that in if they can’t make it through the year without additional funding”. It’s just a stating the bleedin’ obvious caveat.

... we know at some point that there will (likely) be another raise - the challenge the BOD have is to increase revenues and reduce costs to minimise it.

At this point, you have to decide if you can find somewhere else to put your money that has a better risk / reward - let us know where you go on your way out?

[deanroberthunt] 29/9/2018 09:58

yet they raised in May at 4.5p and it rose to 15.75p....that's the fun and risk of this sort of market

[deanroberthunt] 29/9/2018 09:57

probably another £2-3m Jan/Feb 19' going by cash burn

[michaelmouse] 29/9/2018 09:55

Dean - One simple question and then I'll leave it at that.

Why would any sane investor put money in now when the company have said that the £2.5m won't last long and another dilutive fund raise is on the way within months just to keep the lights on?

Only those in too deep will be interested in stumping up in a rather desperate attempt to protect their capital.

I've said it all in my blog post, but I'll add that the Auditor's comments are not typical at all. The company looks like and probably is a "basket" case.

AIMHO, as ever.

[deanroberthunt] 29/9/2018 09:39

so assuming they're tightly held...the subsequent dilution is 4.5%...I see no ships

[deanroberthunt] 29/9/2018 09:36

no apparently to it, it's in the document.

"In conjunction with the Placing, certain Directors have conditionally agreed, pursuant to subscription letters (the "Subscription Letters"), to subscribe (the "Subscription") for 8,000,000 new Ordinary Shares at the Placing Price"

[captain_kurt] 29/9/2018 09:32

Apparently BOD have put in £800k.

[deanroberthunt] 29/9/2018 09:24

the dilution from this placing is 6.67%....

[deanroberthunt] 29/9/2018 09:07

it's a standard statement for a start up company that is unable to currently self fund from income

[ikeadave] 29/9/2018 09:05

Short by any chance?!

EVERY non-profit making company with less than a years worth of cash cover in the bank will have an auditors comment like that!

Last fund raise was 4.5p, right? This one 10p ... that doesn’t seem to be a downward death spiral!

[captain_kurt] 29/9/2018 09:01

Lol, wait for the newsflow.

[michaelmouse] 29/9/2018 08:58

What bit of the auditor's report to you disagree with Dean?

[michaelmouse] 29/9/2018 08:51

I'd advise that some of you read the report and details of the "proposed placing" more carefully. The fact that they have indicated another massive fund raise is on the cards within 12 months suggests that NIPT's very existence is in doubt. That's the Auditor's comment btw and not just my opinion. Even if they did get an emergency placing away at 10p, at what price the next fund raise? My guess is within the next twelve months the share price could well be below 1p even if the company is still operating?



As ever, AIMHO.

[captain_kurt] 29/9/2018 08:49

TW bearcast out. Bod putting in £800k. In firm hands no flippers. Bucket shops may be short expecting shares, they got none...so they have to close on Monday. Nice

[deanroberthunt] 29/9/2018 07:49

already revenues for the last six months are nearly 4m....and that's before Illumina sorted

[deanroberthunt] 29/9/2018 07:47

the big piece of the jigsaw is the Illumina dispute over, now the revenues should grow exponentially compared to previous...

[ikeadave] 29/9/2018 07:40

I bet you a pint there's an RNS by Monday lunchtime officially stating the accelerated book build is done .. They wouldn't run an accelerated placing if they didn't have the buyers lined up!

The last placing was at 4.5p, this one is 10p - confidence appears to be growing does it not? .. at that placing growth rate (122%), the next one will be 22p - I look forward to it :-)

[dibs61] 29/9/2018 07:36

Twix - the company is in a far worse financial state than it was a year ago. Debts have over trebled far exceeding growth in revenue. Take the blinkers off.