Share Name Share Symbol Market Type Share ISIN Share Description
Tissue Regenix Group Plc LSE:TRX London Ordinary Share GB00B5SGVL29 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.04 -7.92% 0.465 79,457,482 15:24:42
Bid Price Offer Price High Price Low Price Open Price
0.46 0.47 0.52 0.465 0.505
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 13.03 -7.66 -0.60 33
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:44 O 250,000 0.4625 GBX

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Date Time Title Posts
04/12/202008:15Tissue Regenix delivering practical solutions to real clinical issues6,164
26/5/202012:31Torex with Charts & News14
15/1/202007:09TOREX 2007 - THE TILLS RING AT LAST13
14/1/202020:51Terrane Minerals- Cu explorer, trading in Canada17
12/11/201915:05Fair Value ?4

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Tissue Regenix Daily Update: Tissue Regenix Group Plc is listed in the Pharmaceuticals & Biotechnology sector of the London Stock Exchange with ticker TRX. The last closing price for Tissue Regenix was 0.51p.
Tissue Regenix Group Plc has a 4 week average price of 0.38p and a 12 week average price of 0.33p.
The 1 year high share price is 1.75p while the 1 year low share price is currently 0.28p.
There are currently 7,032,985,756 shares in issue and the average daily traded volume is 68,759,376 shares. The market capitalisation of Tissue Regenix Group Plc is £32,703,383.77.
acer101: The Philip brothers are joining TRX! Oh never mind they are no relation. Trevor has experience in M&A, I hope TRX are not looking to be eaten up already, this is meant to be a LTH hold for me!
channel pirate: Been averaging down since buying in April 2016, but not jumping up and down as some of the lucky ones who had not heard of TRX until recently and only bought in at below 0.40p. I've just gotta hold a bit longer !!
pj84: Just reposting PennStreets link: (The bit relevant to TRX is from 18 mins 50 to about 24 mins 30.) hTTps://
pennstreet: Not sure about news, but that interview lays it out clearly the importance of TRX products in the pre/post covid era. Non-covid surgery will gather pace next year, and with it TRX products demand. Cash rich, ready to go full steam ahead!
cyberbub: Channel pirate, unless sales go absolutely interstellar (or you're willing to take an 8-10-year view), then IMVHO you will never see 21p again, after the massive dilution this year. 21p would be £1.5bn market cap, so say £100M post tax profits, roughly £250M sales... Current sales are just £12M - and even Phase 2 expansion forecasts only an extra £30M-odd sales I understand from the Directors' Talk interview posted earlier today. So Stage 2 expansion could yield £40M sales = £15M post tax profits with a bit of luck, and a market cap of £200-250M = a share price of 3p-ish (assuming Stage 2 can be funded from cashflows and debt, rather than equity dilution). Add in a valuation for the IP, and maybe 6p? Still a very nice return from 0.4p of course! But not 21p, and certainly not without risk, given the management's disastrous execution of the last 18 months. If you just want to break even on your investment, and assuming you have confidence in the company's plans, you could consider averaging down? No advice intended of course, just my views and very rough calculation. DYOR etc
hodhasharon: Ownership Breakdown Employee Share Scheme 0.2% 16,106,800 shares Private Companies 0.7% 51,631,915 shares Public Companies 2.6% 184,212,642 shares VC/PE Firms 13.6% 953,042,837 shares Individual Insiders 14.0% 984,375,210 shares General Public 14.6% 1,023,807,153 shares Institutions 54.2% 3,803,696,399 shares
hodhasharon: Investigate the size of the market available here. This gives you an idea why TRX raised capital to increase their manufacturing capacity. TRX is the next 10 bagger IMHO. It's not an idea, three doctors, and a funky website. It's the real deal. Huge market and demand, products to meet this need, manufacturing capability, and all other elements required to print money.
channel pirate: Not expecting anything to send the share price stratospheric tomorrow due to in the reporting period we had the Cyber Attack, and also Covid-19, which would have had the effect of "putting the brakes on sales". Having been here for over 5 years now and still holding shares priced at over 20p, then I would like to see us climb up and away from these miserable low prices, but should the market decide to knock us back to the recent placing price, then it's fill yer boots time for sure. I'm prepared for either. All the best to us all for tomorrow Guys
enteleon: Ali47fish- Consort Medical announced the Recipharm buyout on Monday, November 18th, 2019, so Glenn would have been very preoccupied exactly at the time of the worst shenanigans within the TRX Board associated with the MIDCAP debt deal. He was tied in with Consort until its last trading day, which was March 3rd, 2020. We outsiders cannot know the exact internecine squabbles within the Board. Perhaps the former Chairman, John Samuel, was awkward. Samuel had bought 2,000,000 shares at 10p sometime previously and we do not know if he is still a shareholder. Funding with debt is all about free cash flow. Some businesses like Vodafone have colossal debt, but very large FCF. TRX's sales figures show growth over several years and this is encouraging. Purely my conjecture that Glenn took a dim view of the MIDCAP interest rate terms at close to 10% p.a. and agitated to return the $5.5M as he was emerging from his Consort commitments. The asset value does count, of course, as this may be viewed as collateral. The Net Asset Value (NAV) of TRX maybe 6p per share (my guess and please correct me). We would all love to know if the Friday spike in share price is sustainable. The new tax-year starts Monday and there maybe some investors wanting to tuck shares into their ISAs. We are all having to live with so many uncertainties at micro and macro levels. If Glenn achieves funding without serious dilution, the share price will look very cheap, but it's a big IF !! There remain huge uncertainties about the course of the pandemic and this affects sentiment in general. I record the sad mortality figures for each major country on a daily basis. The USA, UK and France are still worsening. It appears that poor old Italy and Spain may be levelling out. Countries like Germany, the Netherlands and Austria (with very high testing rates) may be topping over the next few days. Global sentiment will be very much determined by the US experience. Governments will be very aware of the morbidities from the actual lockdown- economic, psychological and medical. Cancers don't stop growing; routine elective surgery postponed (very relevant to TRX), etc. My own view is that the medical field will remain in high profile and higher priority for some years to come. Sadly, there will be permanent destruction among airlines, cruise companies, high street retailers, some construction companies and some banks as we realign our global priorities. All this is purely my opinion; please DYOR; very best wishes to everybody; special thoughts to anybody on the front line, especially the valiant NHS staff who are real heroes.
enteleon: Chinadog3- Thank you for your compliment. I don't have any special(and certainly not insider) information about TRX. I have followed TRX for a while and nearly all my investments are in the medical/pharma/biotech space as these tend to be relatively defensive. I have a medical/surgical background. Ali47fish- I hope the below helps to put the Company circumstances into perspective. Please do correct me where necessary. TRX has been horribly hit by a combination of both Woodford and Invesco selling down in the second half of 2019. Woodford, as most of you know, was the former star of Invesco and Invesco tended to follow Woodford in the last few years. When things went badly wrong for Woodford, Invesco copied his selling. Additionally, TRX has been plagued by some very erratic management moves in the last 15 months, with several Finance Directors coming and going. The loan deal with MIDCAP was announced in November, 2019, but clearly met with major infighting within the Board. The then FD left almost immediately. The loan was at an interest rate of approx 6.7% plus LIBOR, which would have given a rate of close to 10% p.a. TRX borrowed approx $7.5M, but returned $5.5M in a major revision to the loan earlier this year. At present, I believe that TRX's total debt is $2M and this is to MIDCAP. The acquisitions that TRX has made in the past have been financed through share cash-calls, hence the large number of shares in issue (1,171,971,322). Woodford and Invesco were very supportive of these cash-calls. Returning the $5.5M to MIDCAP has left TRX with a cash-flow crisis with cash running out by the end of the second week in May. To address this, TRX has to raise debt, sell off the whole or part of the Company or hold a cash-call, the last of which would dilute all investors' holdings. Purely as my opinion, I do believe that the appointment of Jonathan Glenn to Chairman/CEO may be crucial. Glenn has been a non-exec director of TRX since Jan 2016. He made his name by steering Consort Medical (was CSRT) to a very successful buyout by the Swedish Recipharm Group, finalised in February this year at an enterprise value in excess of £500M. Glenn is a chartered accountant by profession, so is commercially savvy and knows TRX inside-out as well as having long experience in the medical appliance world (appointed CEO of Consort December, 2007). So, in summary, and this is purely my opinion: Erratic previous management, Woodford/Invesco divestment (there is still the 19.98% share overhang with Link) and perhaps some over-reach in acquisitions have left TRX asset-rich, but cash poor. Their products appear to be in considerable demand and have FDA approval- indeed one of the problems has been a supply-side crisis, not demand-side. TRX is now a commercial operation, not a research outfit. It needs serious commercial talent to pull the Company through what should be a short-term funding crisis. The Covid-19 pandemic has added additional stress, of course. To me, TRX is priced as if it was a small pharma/biotech company waiting for interminable FDA/CE approvals on a long-haul research basis. That is just not the case. Please, please correct and criticise; we are all here to learn. Wishing all long-holders the very best of luck.
Tissue Regenix share price data is direct from the London Stock Exchange
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