LDX (ASX) LDX Discussion

LDX lumos diagnostics holdings limited

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Quest09

1,835 Posts.

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13/11/24

15:33

Post #: 76587913
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Originally posted by Quest09: ↑

Link to previous post:https://hotcopper.com.au/posts/76558328/single

....and what if the PLA reimbursement comes in as expected any day now (as per above linked post).?

A reimbursement on the cost to purchase and use FebriDx could boost sales of FebriDx very quickly.

Also, the CLIA waiver grant includes another approx US $5 million dollars which i believe LDX will work to pick up within the next 12 months.

Also, LDX have been far from static in their achievements and announcements to the market about new opportunities and/or ventures, so it would be reasonable to assume that LDX are currently working on generating new business opportunities and/or expanding on current opportunities.

IMO, there are a lot of positive aspects to LDX's current position. IMO, the fundamental business case is sound, and is being executed as we speak.

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LDX buying pressure is building quickly.

3.3 million units on the buy side ready to enter at about current price.......and only 3.8 million units on the sell side in total right up to 12 cents per share.

When that 'PLA Reimbursement' announcement hits, we are taking off IMO (or who knows, we may not even need that catalyst as we definitely seem significantly undervalued at present IMO).

Originally posted by Quest09: ↑

From the recent quarterly report: "Cash balance of US $5.7 million as at 30 September 2024, prior to receipt of Retail Offer Proceeds of A$6.9 million."

Note - US $5.7 million = approx. AUD $8.7 million.

AUD $8.7 million cash on hand + AUD $6.9 million proceeds from retail offer = AUD $15.6 million dollars.

According to the quarterly, as of 30 September 2024, LDX has approx $15.6 million AUD cash balance on hand.

That also does not include the US $3.0 million grant that has been awarded for the CLIA waiver study (approx AUD $4.6 million).

If we include the grant, then cash available would be approx: AUD $20.2 million cash.
LDX current market cap is appprox: AUD $25 million

Very basic calculation, but IMO, it gives a very clear indication that LDX is currently significantly undervalued.

Expand

Originally posted by Quest09: ↑

Top 20 holders own 63.09% of LDX shares.

IMO, that's a pretty solid vote of confidence from "smart money" or the "big end of town".

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LDX Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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Last 2.9¢		Change 0.000(0.00%)		Mkt cap ! $23.20M

Open	High	Low	Value	Volume
2.9¢	3.1¢	2.8¢	$36.41K	1.280M

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No.	Vol.	Price($)
2	265000	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	135184	1

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No.	Vol.	Price($)
2	265000	0.028
5	655288	0.027
2	843000	0.026
6	601153	0.025
1	1238229	0.024

Price($)	Vol.	No.
0.029	135184	1
0.030	267262	3
0.031	250309	3
0.032	51725	1
0.035	88000	1

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