No offence Dubliner but you've got a sell recommendation without any basis.
Delivery all on track
The manufacturing process is all set and they should be able to produce the end product quicker than expected
They have a number of orders already
Institutional buy in
Planning permission approved
Placement for PIs at 100p
So why the sell? Do you know something we don't? Until the Issue has completed in early November the price is going stay here then, with the testing about to complete soon. If the news is good then I'd expect the price to be many multiples of today's price.
The director was a non executive, and wasn't seeking reelection, so that's not a big issue. I'm not particularly bothered about the change in holdings either, the directors bought, they had a big interest in raising cash, plus they will off some to PIs in the coming weeks. I certainly will be putting in a few quid.
They wouldn't be bringing forward the production if they weren't confident that all milestones and delivery was on track, might even be ahead. This surely is moving from a speculative buy to a Strong Buy. Capacity to produce 8 units per annum and orders coming in. We just need the finished unit signed off and up and running. Everything seems in place. For a great 2017.
I do not have the 2012 information to hand but I would be interested to know how many warrants were issued to this company PI-Capital LLC in 2012. Hopefully this is their total holding.
The financing arranged in late May with Metric Capital for the installation in Harley Street appears on much better terms with dilution set to occur and prices way ahead of today's level.
Well, there you go.
Nothing substantial for the rise, just MMs milking the PIs once again.
Walk up the price 10% on nothing, for the Co. to exercise the warrants at a premium, then bring the price straight back down again.
Welcome to the AIM casino.
Big movement over the past few days. Testing must be going well. I'd expect an update soon, so this buying activity might be the precursor. I'm sure the management will be getting daily reports and tracking against a plan. So things could well be going great, otherwise why would the board be buying?
Interesting post but I don't know Bearcast and their historical accuracy in forecasting. My view is this company is either very cheap if they manage to put their proton accelerator together on time without mishap, or way overvalued if there are significant production problems. At this stage it appears all is on schedule. Not so worried about share consolidation which in my experience has been positive but perhaps more concerned about the dilutive effects of future fund raisings . Overall I think this share provides an interesting reward/risk balance and to use the old cliché ---better to travel than arrive.
Took this from Research tree, it's from Beaufort this morn...
Advanced Oncotherapy has made a significant progress in the FY2015, keeping its promises and delivered its development milestones to the timeline. In February 2016, AVO announced industrialisation agreement with Thales for LIGHT system, and further strengthened its financing through securing a £24m vendor financing agreement with Metric Capital, a pan- European private capital fund manager, to fully fund the installation of the Groups first LIGHT machine in Harley Street. This is important news for AVO as it demonstrated not only a senior institutional lender has taken a very close look at the Group and concluded that LIGHT is viable and that its expect its first installation in Harley Street to rapidly become capable of generating strong cashflow, but also that AVO is both sufficiently confident and advanced in its planning to establish a general provision of vendor financing for its prospective international customers. In order to meet its target for the first commercial sales of LIGHT in 2017, AVOs priorities will be to ensure the components of the LIGHT machine is compliant with the associated regulatory requirements, initial installation into the UK and to pursue commercial roll-out of the technology through existing and new partners. The Group continued to strengthen its team by appointing highly experienced senior management and shuffled the role internally to build a more commercially focussed business. As has been explained in numerous research documents, Beauforts commercial scenario for LIGHT is that the cost, safely, operational and size advantages its brings to the world of proton therapy, will effectively render first generation systems all but obsolete; its development will also has potential to expand the international market for such systems from some US$2.5bn annually right now, to a figure potentially ten-times as large as LIGHT becomes the obvious successor to the similarly-priced but now relatively antiquated X-ray radiation systems that have a global installed base in excess of 20,000 units. In this respect, LIGHT uniquely faces a giant and accelerating global opportunity
31st May on share prophets website... not positive, TW describes as a stonking sell given cashburn, conditional funding which probably means AVO needs to raise £30m+ in funding and inflated current market cap. Inclined to agree with that assessment even given potential and progress to date.
Given proposed 25:1 consolidation plans (AGM vote) I've decided to bail at a small loss as I think large placing likely and the value of shares held are likely to diminish on consolidation ~ that is what usually happens when non-cash generative companies consolidate.
All IMHO of course, I've made the right decision for my own position.
AVO is attempting to break above resistance at 8p and create a new price high for 2016
RSI is at its highest so far in 2016
Looking positive providing it can stay above 8p for 2-3 closes including end of week today.
Volume well up again today
So there's the news, pretty good news, we just need an update on how testing is going and things are starting go from a speculative buy to a sound buy, at the moment it's still a good spec buy, but things all going in the right direction.
According to their high-level plan we have 3 major milestones in March 2016:
Delivery of the supporting Proton Source
After all this delivery it's all about integrating the whole lot and testing for teh rest of the year. So this is were it all get's exciting or we get delays. Hopefully all will go to plan and we are ready for regulatory approval this time next year.
If it does then We would certainly be looking at a 10 fold increase in the SP as orders come flying in.
Some regular Director buys just before Christmas has got people interested.
Although 2017 is a way off, they remain on track with a fantastic product that will get many people more and more interested.
A good place to have your money as we move into 2016 !
I went to bed last night thinking OMG I should have said DYOR.
My conclusion is speculative given the incomplete information we have. It needs to be validated. However this approach could accelerate the take up of proton beam therapy at the expense of
I doubt if many oncology centres who do not have a cyclotron already would be able to afford or justify a conventional cyclotron. Cheap and easy to install particle accelerators are the only way most oncology centres will be able to provide proton beam therapy as replacement for conventional radiotherapy IMO.
All this has to be good for patients and is another medical game changer several of which I have been privileged to be involved in during my career.
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