This is what I’m doing about the Genedrive share price right now

first_img Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The Genedrive (LSE: GDR) share price slumped in early deals this morning after publishing its results for the six months to 31 December. The diagnostics group reported total revenues of £400,000, down from £600,000 in the prior-year period.As a result, Genedrive’s operating loss rose to £2.9m from £2.6m. Cash at 15 March was £2.8m with an R&D tax credit of £1m still outstanding.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Lacklustre results These results were, in a word, lacklustre. The firm has been beset by delays, holding back sales of its core product lines. For example, pandemic headwinds continued to weigh on the growth of Genedrive’s contract with the US Department of Defense and the hepatitis C assay.The company has also suffered delays with the development and commercialisation of its 96 SARS-COV 2 kit. When the organisation first announced that it was developing these tests, the Genedrive share price jumped in value.  This is the business’s attempt to produce a fast, accurate and deployable solution for PCR coronavirus testing.However, progress has been slower than expected. It’s still waiting for regulatory approvals from the World Health Organization and the US Food and Drug Administration. Timings for approvals are “uncertain.” Still, despite these challenges, the group is expecting a better second half. A contract with Beckman Coulter Life Sciences and the ongoing opportunity with the European Ministry of Health are expected to bring in low double-digit millions of pounds in revenue.The contact with Beckman is already yielding results. Last month, the two parties moved to a commercial distribution deal in Europe and the US last month. The first purchases of Genedrive’s 96 SARS-CoV-2 kit under the agreement have yielded $400,000 in revenues for the producer.The falling Genedrive share priceIt seems to me that the Genedrive share price is falling today because the corporation is failing to live up to expectations. The company’s flagship coronavirus test hasn’t matched the market’s lofty expectations. As a result, the stock has re-rated lower. But I don’t think that means investors should write off the business. There’s more than one string to Genedrive’s bow. As well as the initiatives outlined above, the company is also working to progress the commercialisation of a hearing loss test for babies. Unfortunately, there’s no guarantee these products will become large revenue streams for the business. That’s the biggest challenge facing the enterprise right now. With losses running at nearly £3m every six months, and less than £2.8m in the bank (excluding the tax credit), Genedrive needs to start earning money.The company is generating revenues, but these aren’t enough at this stage. If the organisation continues down this path, it may either run out of cash, or will have to raise money from investors. As such, I’m planning to avoid the Genedrive share price. While I think the company has potential, the business needs to prove it can operate sustainably before I can invest. Despite the recent pullback, I wouldn’t buy the stock today.  This is what I’m doing about the Genedrive share price right now Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Rupert Hargreaves | Thursday, 25th March, 2021 | More on: GDR center_img The high-calibre small-cap stock flying under the City’s radar Image source: Getty Images Enter Your Email Address Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! See all posts by Rupert Hargreaves I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.last_img read more

Garda warning after driver caught with ‘extremely bald tyres’

first_imgGardaí have issued a warning after encountering a vehicle with extremely bald tyres in Letterkenny.The detection was made on Sunday night, when a car was found to have tyres worn well below the legal minimum tread depth of 1.6mm.Gardaí took to Facebook to issue this safety message: “Please check your tyres regularly and even more regularly when the tread depth reaches 3mm. The legal minimum tread depth is 1.6mm. The more worn your tyres become, the less grip they have on the road surface. “Driving with bald tyres is very dangerous and the consequences could be devastating especially when there is a risk of ice! “We urge everyone to conduct all necessary safety checks on their car before getting behind the wheel!”Garda warning after driver caught with ‘extremely bald tyres’ was last modified: December 2nd, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Discover Milwaukee’s Neighborhoods GeoTour

first_img SharePrint RelatedGeoTour Spotlight: West Bend Four Seasons GeoTour (GT40)March 23, 2017In “GeoTours”West Bend Four Seasons GeoTourSeptember 18, 2015In “GeoTours”Randers GeoTour of Denmark (GT81)January 24, 2019In “GeoTours” Milwaukee is the big city of little neighborhoods, and the best way to discover them all is on this GeoTour: “Explore Milwaukee’s Neighborhoods.”GeoTour: Discover Milwaukee’s NeighborhoodsLocation: Milwaukee, WisconsinNumber of Favorite Points: 92Why Milwaukee is a great place to visit:Milwaukee offers a variety of fun attractions to explore. Take a stroll along the lakefront, visit one of 17 museums, indulge in delicacies at a downtown dining spot or relax at one of Milwaukee’s famous breweries.Best time of year to visit:Visit Milwaukee during the summer! Plan a trip June through September to enjoy the city’s live performances, brewery tours, museum exhibits and countless cultural festivals. Milwaukee is the proud home of Summerfest, the world’s largest outdoor music festival along the shores of Lake Michigan in late June and early July.The Milwaukee Art Museum welcomes visitors to Milwaukee and offers endless fun for adults and children alike. It is easy to make a stop here: geocaches are hidden in the surrounding neighborhoods!Must-see attractions:Don’t miss the Milwaukee Art Museum, a must-see tourist destination. Designed by famous architect Santiago Calatrava, the museum graces the city’s skyline with large wings that welcome tourists into the beautiful, vibrant metropolis. The museum holds more than 30,000 permanent pieces of art and features traveling exhibits year-round. Perfect for art fans, adults and children alike, the Milwaukee Art Museum is perhaps the most iconic architectural site in the historic city of Milwaukee.Hidden Gems:Check out Safe House, a spy-themed restaurant complete with secret passageways, spy games and mysterious twists and turns. The catch? Guests must uncover the password to be allowed into the restaurant!What geocachers are saying about about Milwaukee Neighborhoods GeoTour:“Hello from Chicago! We took a day trip up to the Third Ward and River walk. We enjoyed the art festival and the public market. Beautiful day to explore your city. Thank you for including this neighborhood on the geo tour.” –Les Is MoreThis geocache (GC4AJ5Q) will take you through Brady Street in Milwaukee’s East Side.“My birthday trip to Milwaukee was an epic day with 20 caches. We got all the info we needed for the Milwaukee GeoTour series and grabbed a few other caches along the way. The weather could not have been any nicer and the scenery and company were awesome. I didn’t want the day to come to an end. What a great city! What a great day!” –Mike*E“We had heard great things about the Milwaukee Neighborhoods GeoTour, and the series did not disappoint. Thanks VISIT Milwaukee for great hides and for really informative cache pages. Can’t wait to come back to finish the series. This is a beautiful city!” –R.C.TellsAdditional Information:Interested in exploring Milwaukee during your stay? Check out visitmilwaukee.org/itineraries for suggestions.Note: All the above information was provided by the GeoTour host. Copy has been edited by Geocaching HQ.Milwaukee’s Neighborhoods GeoTour takes visitors through 15 fun neighborhoods, each with hidden gems, restaurants and attractions to offer. The lakefront geocache (GC4AGA8) will take you there.Share with your Friends:Morelast_img read more

Gang of 8 ‘seasonal’ chain snatchers held

first_imgThe Mumbai Police Crime Branch has arrested a gang of eight who specifically came down to Mumbai from other cities to make a quick buck by taking advantage of the massive crowds during Ganeshotsav. The accused were intercepted in Shivaji Nagar on Friday after the Unit VI of Crime Branch received a tip off on their movements.“We laid a trap at Lotus Junction in Shivaji Nagar and saw the accused approaching in an SUV. We tried to stop the vehicle, but they tried to speed away instead. Our team gave a chase and managed to overtake their SUV after a 10-minute chase,” a Crime Branch officer said. The vehicle was surrounded and all the occupants were taken to the Unit VI office for further questioning. “We also found two broken gold chains in their SUV and the accused confessed to have snatched them from women visiting pandals in Lalbaug on Thursday. We contacted the Kalachowkie police, under whose jurisdiction the area falls, and they confirmed that they had received two complaints of chain snatching from Lalbaug area on Thursday,” the officer said. The accused, residents of Ahmednagar and Beed districts, have reportedly confessed that they came to the city with the express intent of snatching chains and picking pockets during the festival, as the dense crowds would work to their advantage. The modus operandi, according to the officer, suggests they are habitual offenders. “The fact that they chose a location well away from their residences also indicates expertise and experience. We are checking if they have a past record, either in Mumbai or in their native districts,” the officer said.last_img read more