Proteome Sciences Share Discussion Threads

[bluemango] 17/5/2024 10:44

I think the suggestion by Pike of 'going to the Grand National' is quite possibly the must useful utterance by any PRM director ever, and one which I wish I'd heard in 2001 instead of 2024 ... the outcome of that alternative would surely have been better ...

[jeffian] 17/5/2024 10:40

blue, I've edited my post above after checking the webcast again.

[bluemango] 17/5/2024 10:34

To be fair to Randox, you simply can't rush these things. Imo 7 or 8 years is nothing. There's surely got to be much more pen-pushing, meetings and further meetings and risk assessments and further meetings before anything appears from Randox and possibly not in our lifetimes.

(Edited to correct the number of years of procrastination - thanks jeffian)

[jeffian] 17/5/2024 09:46

No he didn't (I watched it online; it's 25 min in). In response to a leading question submitted by a shareholder (you?!) "Will Randox release their stroke test this year?", Pike referred to it as "the perennial question which has appeared for the last 7/8 years". The response was 'we hope so', but we are not in the driving seat and Randox will not release anything until it is 'market ready' (whatever that means). He said he had no specific knowledge and Randox did not have to release any information, though he suggested you might find out more 'if you went to the Grand National'. (Randox are sponsors). He "hoped" it would appear in the second half of the year. I bet he does.

There was also a question about the latest markers for tau and the reported encouraging progress in this area. Pike said plainly that "none of the tau tests in the market infringe PRM's IP" though it was possible that some of their markers may become involved in combination with others at a later stage. So much for the "Toll Booth" eh?!

(Edited for correction following a review of the meeting)

[dominiccummings] 17/5/2024 08:30

wasjobber. What does he mean by 'this'?

[wasjobber] 17/5/2024 07:15

At the AGM yesterday Ian Pike confirmed that Randox look to be releasing their stroke blood test this year!

Thanks Ian.

STRONG BUY

[elpirata] 16/5/2024 21:50

re 92932 proteomespeak

It is still not a good long-term platform and significant growth looks required from here to reassure on even the gross cash position. I suggest it is in that context that current performance insight is required rather than about “customer contact” and “quotations provided”. Ahead of further balance sheet insight, an £11.2 million market cap continued avoid/sell.

shareprophets

[peverill] 16/5/2024 18:13

Just watched the AGM,and it kind of explains everything and why the company is in the position it finds itself in.What an absolute bunch of amateurs.I don't think they know what's going on themselves,so where all the guff on here comes from I don't know.All them to pay plus the lab staff.Not a chance we will ever see a return here.

[049balt] 16/5/2024 17:24

Well, Christopher has aged a bit since I met him all those years ago.A better year ahead looks likely. Pity none of the gang want to buy some shares to back their confidence...

[jeffian] 16/5/2024 10:46

There's a presentation on the Investormeet website at 12.00 if you're interested GRC.

[glennrcharles] 16/5/2024 09:59

So how was the agm? Any news on Stroke? Were they same as always or is there a spark of life in the old place. Anyone see behind the face masks?

[peverill] 16/5/2024 09:08

The service business will not keep this afloat alone,it needs licensing agreements for the IP.Namely AD,but everyone is skirting around the patents as they please or they don't need them.Then they decide to out license to some obscure company that low and behold a PRM director is in hoc with,laughable.

[jeffian] 16/5/2024 09:06

They're still very wedded to Proteome-speak, aren't they?

"Since the start of 2024, we have seen significant customer engagement and interest in proteomics services reflected by the considerable increase in customer contact and quotations provided"

"Sales" is a word which doesn't seem to exist in their dictionary.

[amt] 16/5/2024 09:01

Last years AGM statement

The Board is confident that the progress over the recent years has created an excellent platform for further development of the Group. Following the investment made over the last two years, a strong order book, new projects, high customer interest, our healthy cash position and recently announced expansion into the US, the Group has a strong base for 2023 and beyond. Proteome Sciences is well set to achieve a step-change in growth which gives the Board increased confidence that the business can continue to significantly grow revenue and EBITDA in the coming years."

[peverill] 16/5/2024 08:59

Haha,never understood the need for multiple personalities,I know it exists,the Mrs has a few ,but on a free BB,naaah!!

[wasjobber] 16/5/2024 08:07

30 years ago, it was mostly thought that protein information was not required and genetics would be the solution to everything. In fact, it can be argued that even 5-10 years ago most thought the same. That attitude by most has only relatively recently changed and the proteome is now considered important.

STRONG BUY

[049balt] 16/5/2024 08:00

It is just possible that this time it is different. Let's see.

[peverill] 16/5/2024 06:27

Didn't he say the same for the last 30 years.This time next year Rodney.

[dominiccummings] 15/5/2024 18:30

No. Leave it chums. That is a VERY FAIR yellow. I am suitably punished.

[peverill] 15/5/2024 16:48

Not long now till the presentation,how exciting it's going to be.Half an hour of pure drivel about drivel.

[monte1] 15/5/2024 08:49

It is a straight red after VAR intervention.