Avacta Group Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9668799 http://www.insidermedia.com/insider/yorkshire/70719-/ By suki the dog ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9668799&action=detail Tue, 22 May 2012 11:17:00 GMT suki the dog tag:iii.co.uk,2003:tst.9668668 http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9668668&action=detail Tue, 22 May 2012 10:46:00 GMT drunkasaskunk tag:iii.co.uk,2003:tst.9667261
The fast-growing biotechnology company, which grew up on York Science Park, moved to Thorp Arch Estate two years ago to expand.

It has now taken on an additional 10,000 sq ft in two units including purpose-built office premises, fitted out as new laboratories and further offices and manufacturing space.

Avacta, which employs about 70 people, is taking on about ten more staff following its acquisition in January of Leeds University spin-out Aptuscan.


Tim Munns, director of Wharfedale Property Management Ltd, which manages Thorp Arch Estate said: “We are keen to develop a science park, focusing on health and innovation, on the north side of the estate providing laboratories and offices for enterprises with similar requirements to Avacta.”

Alastair Smith, chief executive, said: “Our expansion at Thorp Arch Estate will accommodate our immediate business growth. This is an ideal location for biotechnology enterprises with a tranquil atmosphere and excellent access to the motorway network and we are enthusiastic about the estate management’s plans to create a wider science park facility.” By suki the dog ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9667261&action=detail Tue, 22 May 2012 06:06:00 GMT suki the dog tag:iii.co.uk,2003:tst.9579430 http://www.yorkpress.co.uk/news/business/news/9669927.Avacta_lined_up_for__enormous_growth_/r/?ref=rss
By junior1234 ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9579430&action=detail Thu, 26 Apr 2012 07:43:00 GMT junior1234 tag:iii.co.uk,2003:tst.9576566
GLA By easilyled ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9576566&action=detail Wed, 25 Apr 2012 12:17:00 GMT easilyled tag:iii.co.uk,2003:tst.9575672
still a long way to go to break even for me 1.89p!

that said i really like the company and more than happy to hold long term

GLA By suki the dog ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9575672&action=detail Wed, 25 Apr 2012 09:17:00 GMT suki the dog tag:iii.co.uk,2003:tst.9575388 http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9575388&action=detail Wed, 25 Apr 2012 08:31:00 GMT Squirrelavenger tag:iii.co.uk,2003:tst.9574837
However the sales are only just over the targets from Panmure and yet more delays from AX-1. Things are now in place and revenues may well advance hand over fist but jam tomorrow is not what the market likes to hear at the moment.

I stay invested because I believe in the long term this will be a good investment. Short term though, I await the response at 8am.

Squirrel. By Squirrelavenger ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9574837&action=detail Wed, 25 Apr 2012 06:32:00 GMT Squirrelavenger tag:iii.co.uk,2003:tst.9574834 http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9574834&action=detail Wed, 25 Apr 2012 06:31:00 GMT junior1234 tag:iii.co.uk,2003:tst.9574829
This has got to be a strong buy at these prices. By junior1234 ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9574829&action=detail Wed, 25 Apr 2012 06:30:00 GMT junior1234 tag:iii.co.uk,2003:tst.9574800  
The Group anticipates shipping the first AX.1 units in the the next few months and rapidly expanding that product's test menu as quickly as possible.
 
By suki the dog ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9574800&action=detail Wed, 25 Apr 2012 06:14:00 GMT suki the dog tag:iii.co.uk,2003:tst.9574793  
Highlights

· 
Revenue increased by 72% to £1.72 million (2011: £1.00 million)
· 
Reduction in operating loss before amortisation and share based payment charges to £0.39 million (2011: £0.54 million)
· 
Loss per share improved to 0.02 pence (2011: 0.03 pence)
· 
Strong balance sheet with £5.81 million cash
· 
Acquisition of non-antibody affinity reagent platform to extend protein analysis tools offering into drug and biomarker discovery area and to provide proprietary reagents for core diagnostics business
· 
Raised £4.87 million to fully fund the Group to accelerate growth through investment in AX.1 test menu, new technology products and the new affinity reagents platform
· 
Optim units ahead of target at the half year with 13 units shipped and installed base increased to 27
· 
Partnership agreement with Pall extended to cover Optim sales and support in South East Asia and analytical services in North America
· 
First AX.1 despatches anticipated during H2 2012
 
Alastair Smith, Chief Executive Officer, commented:

"Avacta is in its strongest ever position with two core businesses making good progress during the period. The business is fully funded and capable of exploiting substantial intellectual property in its own pipeline of technology and tests, and in the recently acquired Affimer reagent platform.
 
I am delighted that the Group is nearing the point of shipping the first AX.1 units. Despite some manufacture-related delays, the product is nearing market readiness and the test menu will be expanded as rapidly as possible.
 
The addition of a proprietary affinity reagents platform to the business will allow Avacta to extend its protein analysis tools into the drug and biomarker discovery area.  The Group's vision is to provide drug developers with proteomic tools that will follow drugs through development and eventually provide the companion diagnostics of the future.  The potential for growth in Avacta is enormous."
By suki the dog ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9574793&action=detail Wed, 25 Apr 2012 06:09:00 GMT suki the dog tag:iii.co.uk,2003:tst.9574784
These will be the first financial results since the company's acquisition of the affinity reagents platform and recapitalisation in December.

"For a company at such an early stage of its development we expect some lumpiness in revenues particularly associated with new product launches," warns Savvas Neophytou, analyst at Panmure Gordon. "Depending on the delays with AX-1 and the incremental cash burn assumed with the acquired affinity reagents platform, our forecasts may require modest revisions downward.

However, he is expecting the company's flagship analytical instrument, Optim, to account for most of his revenue forecast for the period of £1.7 million.

Optim has the potential to improve biopharmaceutical drug development. Speed and testing costs are vastly improved with Optim, taking timelines down to seven days from six months and costs down to £5,000 per molecule from £50,000.

He is thus forecasting the company to place some 28 Optim systems in medical establishments over the year, while stressing that the company reaching in the region of between 12 and 13 "would be par".

Panmure rates the stock a 'buy'.
By suki the dog ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9574784&action=detail Wed, 25 Apr 2012 06:02:00 GMT suki the dog tag:iii.co.uk,2003:tst.9570732
More optims sold = more reoccurring revenues. Anything over and above optim sales from consultancy biz will be a bonus!

I think tradin update for this year will be quite interesting although I expect to see higher losses due to the commissioning of the new manufacturing facility for property plant equipment and staff. One should not worry about this though as this is what the placin last year paid for... By junior1234 ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9570732&action=detail Tue, 24 Apr 2012 07:28:00 GMT junior1234 tag:iii.co.uk,2003:tst.9570625
I'm sure if there was any wonderful news to come someone would know about it and the share price would have crept up on the expectation, but as there's been no movement i'm suspecting an average update with nothing amazing to report, although hopefully it will still be progress and a few more sales.

Hey ho, another 24 hours to go.
By Hodgeyd ]]> http://www.iii.co.uk/investment/detail?code=cotn:AVCT.L&display=discussion&id=9570625&action=detail Tue, 24 Apr 2012 07:12:00 GMT Hodgeyd