Post Reply
3761-3780 of 4174
Actually surprised that Q& M having the the more relevant test kits, if I understand correctly from the news,they are already started using the PCR tests kit, but the shares not actively traded.
So it make me think that the test kits business not really very profitable. of course if biolidics' s test kits is popular in many states of US, could be different.
https://www.marketscreener.com/Q-M-DENTAL-GROUP-SINGA-6811795/news/Q-M-Dental-Singapore-1-Acquisition-Of-Covid-19-Diagnostic-Test-Kits-And-Related-Business-2-Joi-30461688/
So it make me think that the test kits business not really very profitable. of course if biolidics' s test kits is popular in many states of US, could be different.
https://www.marketscreener.com/Q-M-DENTAL-GROUP-SINGA-6811795/news/Q-M-Dental-Singapore-1-Acquisition-Of-Covid-19-Diagnostic-Test-Kits-And-Related-Business-2-Joi-30461688/
t0RNAD0 ( Date: 29-Apr-2020 13:05) Posted:
|
I am under the impression the biggest key is actually provisional authorisation by SG Health Sciences authority. This will enable them to leapfrog and get other certifications easily. HSA (gov agency) pants will drop if they suddenly uturn/made mistake. Unless bio got powerful friends or what, then idk.
Abbott and Roche sg also got authorisation except theirs are PCR Kits.
It?s the same logic as bio using Aytu to get US FDA. Just like how China used bio to leapfrog.
China products don?t mean not good, pple always kp but in the end LL head to toe also Chinese products and camp at Taobao.
But for sure, very hard for China made products to be legit and penetrate global market especially such sensitive products. Have to admit most are of questionable quality especially when there is no multiple proper accreditions.
Abbott and Roche sg also got authorisation except theirs are PCR Kits.
It?s the same logic as bio using Aytu to get US FDA. Just like how China used bio to leapfrog.
China products don?t mean not good, pple always kp but in the end LL head to toe also Chinese products and camp at Taobao.
But for sure, very hard for China made products to be legit and penetrate global market especially such sensitive products. Have to admit most are of questionable quality especially when there is no multiple proper accreditions.
backed by billionaire....
ST3-trading ( Date: 29-Apr-2020 13:11) Posted:
|
Competior . If bio still no action. This company tedt kits is really make in sg
Cadence88 ( Date: 29-Apr-2020 13:09) Posted:
|
What has this got to do with Bio..?
ST3-trading ( Date: 29-Apr-2020 12:50) Posted:
|
Bio say cant reveal what they are value adding to the kit because this is vital information that will leak to competitors.
Without their disclosure, i can only guess maybe Aytu hard to sell direct china imports in the US?
Without their disclosure, i can only guess maybe Aytu hard to sell direct china imports in the US?
sbscap ( Date: 29-Apr-2020 11:09) Posted:
|
End day....a good idea is only as good as its execution. For investors, we have to ask ourselves, is this management team with Chairman, Jeremy Yee, capable of executing as per their plans to harness the opportunities?
Jeremy Yee' s track record at Cordlife is for all to see....Again, if one needs double confirm, triple confirm on their sales, wait for their half year results but by then, will the share price has changed?
https://www.forbes.com/sites/pamelaambler/2020/04/28/singapore-billionaires-son-leads-biotech-labs-to-export-covid-19-test-kits/#4743c0723f22
Did they declare dvd ? or have a guideline ?
ST3-trading ( Date: 29-Apr-2020 11:16) Posted:
|
I don?t know what reality a person lives in to ever take projected sales as confirmed sales? I don?t see how such things need to be clarified? It is indication of potential, but not to be taken as result.
Per their exact words.. it?s ?in anticipation?. How is that misleading. They never said they sealed the deal with 1.25m, only 500k is confirmed because order within 1 biz day of agreement. The remainder Aytu to commit in 3 mths if they want to retain exclusivity. All of these were disclosed from the start.
They had to issue a statement in the first place because people asked if those words were to be taken as projection by mgmt. If you potentially could sell 8 test kits, will you order 8 or 10 to ?anticipate? meeting the demand?
If their projected revenue at AGM is more than >500k units, does that mean confidence? Maybe. Will it materialise? Time will tell.
Misrepresentation? I don?t think so.
Per their exact words.. it?s ?in anticipation?. How is that misleading. They never said they sealed the deal with 1.25m, only 500k is confirmed because order within 1 biz day of agreement. The remainder Aytu to commit in 3 mths if they want to retain exclusivity. All of these were disclosed from the start.
They had to issue a statement in the first place because people asked if those words were to be taken as projection by mgmt. If you potentially could sell 8 test kits, will you order 8 or 10 to ?anticipate? meeting the demand?
If their projected revenue at AGM is more than >500k units, does that mean confidence? Maybe. Will it materialise? Time will tell.
Misrepresentation? I don?t think so.
WL123456 ( Date: 29-Apr-2020 11:53) Posted:
|
You say you dunno. I' ll tell you. Ok, since I' m free due to COVID, I can tell you more. Speaking with facts ... Bio has accumulated losses of SGD46m based on audited 2019 AR. If the company can make USD8m from testing kits ... that' s SGD11m. Assuming the rest suddenly becomes zero (or the extra test kits sales offset other losses). It would take 5 years to wipe out the accumulated losses before Bio can start paying dividends. Now, COVID still around after a few years? That would be COVID-24. LOL.
" Companies pay dividends to shareholders out of retained earnings. A company with negative retained earnings is said to have a deficit. It does not have any money in retained earnings, so it cannot pay out a dividend. " source: https://bizfluent.com/info-12184977-can-pay-dividends-negative-retained-earnings.html
" Companies pay dividends to shareholders out of retained earnings. A company with negative retained earnings is said to have a deficit. It does not have any money in retained earnings, so it cannot pay out a dividend. " source: https://bizfluent.com/info-12184977-can-pay-dividends-negative-retained-earnings.html
ST3-trading ( Date: 29-Apr-2020 11:35) Posted:
|
If anyone attending agm , can ask are they in any stage of deala ...
I did. After they were queried, they released a clarification on their statement, stating that projected sales figures should not be taken in as confirmed sales. Isn?t this misleading on the company part in the first place? Else why did sgx make them clarify this part? Because it?s misleading and isn?t sales a fundamental?
wokiechewbacca ( Date: 29-Apr-2020 11:48) Posted:
|
Let?s not forget, purpose of querying is not expose but to clarify. And if co is able to clarify, I think that speaks volume too.
Besides, they got queried and CB?b and halted due to wild swings attracting regulators attention.
It?s less to do with their fundamentals, and more of market reaction.
Many reputable cos also have been queried, including financial institutions on their numbers in volatile market. Please get your facts right.
If SGX has the shit on you, you won?t survive Long enough to be queried.
Besides, they got queried and CB?b and halted due to wild swings attracting regulators attention.
It?s less to do with their fundamentals, and more of market reaction.
Many reputable cos also have been queried, including financial institutions on their numbers in volatile market. Please get your facts right.
If SGX has the shit on you, you won?t survive Long enough to be queried.
WL123456 ( Date: 29-Apr-2020 11:39) Posted:
|
BBs pressuring contra due for payment buyers to sell at 43. Looks like to me. But think at this price got genuine buyers who can keep for more than a few weeks.
Anyway, talking potentential of Bio' s Rapid TK, think the world will be its oyster if USA sales prove reliability is high to compete with others.
Currently, test kits likely be in great demand all over the world for economy to gradually open, as can be seen in news how desperate people are to come out of the shutdowns, USA, EU' s, Philippines, UK, China, and lately S' pore also.
Think potential of Bio' s profit is multibagger. But need more sales positive announcements to give investors reasons to buy up.
Of course also must give some hope for div distribution in their coming agm, egm or whatever lah.
Anyway, talking potentential of Bio' s Rapid TK, think the world will be its oyster if USA sales prove reliability is high to compete with others.
Currently, test kits likely be in great demand all over the world for economy to gradually open, as can be seen in news how desperate people are to come out of the shutdowns, USA, EU' s, Philippines, UK, China, and lately S' pore also.
Think potential of Bio' s profit is multibagger. But need more sales positive announcements to give investors reasons to buy up.
Of course also must give some hope for div distribution in their coming agm, egm or whatever lah.
ST3-trading ( Date: 29-Apr-2020 11:16) Posted:
|
My advice is stay out of this company who hang goats head and sell dog meat. So many questionable dealings and then you have sgx querying them in a way to expose them. Did you see sgx querying those legit deals?
Airborne coronavirus detected in Wuhan hospitals: Study
https://www.straitstimes.com/asia/east-asia/airborne-coronavirus-detected-in-wuhan-hospitals-study
https://www.straitstimes.com/asia/east-asia/airborne-coronavirus-detected-in-wuhan-hospitals-study
Lol , then i got no say liaoo.
how deep is the hole , i duuno . Wait ba .AGM
how deep is the hole , i duuno . Wait ba .AGM
sbscap ( Date: 29-Apr-2020 11:25) Posted:
|
@ST3, USD8m is barely enough to wipe out retained losses over the past few years. Why would a company like Bio pay dividends anyway? It won' t. Not for many years. At least not until it has attained a steady income stream.
ST3-trading ( Date: 29-Apr-2020 11:16) Posted:
|
Unless another 2 mil sales .
the profit is enough for 2 yrs with usd 8 mil
market cqp ia 100mil
enough for dividend of 15cents
the profit is enough for 2 yrs with usd 8 mil
market cqp ia 100mil
enough for dividend of 15cents