Avacta Group Plc for 20/05/2020

#Avacta #FTSE Even the rumour of a Biotech company getting involved in anything Covid-19 related has ensured many share prices receive swift enhancements. With the chances of Formula 1 races being held behind closed doors at Silverstone, will “rapid tests” appear?


An announcement of the UK Govt “thinking about, maybe, introducing a 14 day quarantine on air arrivals”, two months after the outbreak and two months after the rest of the world introduced air travel restrictions (except Mexico!), Government Ministers were quick to announce International Motor Racing at Silverstone would be subject to new belated UK regulations. Perhaps they were keen to select an event capable of generating headlines telling the world of the UK’s  delayed draconian measures, showing the country with the 2nd highest number of worldwide deaths is fighting back. There’s a phrase about ‘Stable Doors and Horses’… but realistically, an ability to test teams on arrival and departure would serve to make the closed doors event as safe as possible.


Avacta, are one of the companies working in the test field, developing a point-of-care Rapid Test designed to screen large populations to diagnose coronavirus infection. As a devotee of F1, it’s difficult to comprehend why a regime of diagnosis should not allow motor racing to commence in the UK again. Similarly, why should this sort of thing not be employed in lesser sports such as football, tennis, rugby or croquet? On the other hand, make-believe sports like cricket can be safely ignored.


It’s quite frustrating, we prepped a report on AVCT last month, choosing not to publish it thanks to the growth potential sounding absurd. Needless to say, it achieved our initial target of 139p and exceeded it, so we’re revamping our expectations.

Presently trading around 146p, movement exceeding 151p calculates with the potential of further movement to 180p. If exceeded, our secondary works out at 226p. If triggered, the visuals indicate the share needs fail below 117p presently to cancel the growth potentials.

We should also point out our enthusiasm is slightly curbed at present, thanks to the price not yet managing to close above the level of 2015’s 151p. If we apply conventional price thinking, with closure above such a point longer term growth shall prove difficult to restrict.

As an aside, visiting a UK hospital today (Tuesday) proved sobering, required to wash hands, wear a face mask, declare a lack of certain medical symptoms, and given concise instructions on how to move around the building. The advent of a quick test will prove game changing in letting life return to normal, while we’re awaiting a cure.

Hey, chart goes here


Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:48:40PM BRENT 34.91
9:54:27PM GOLD 1745.53
9:56:38PM FTSE 5943 5929 5880.5 5801 6023 6119 6179.25 6254 5960 ‘cess
10:07:44PM FRANCE 4413 ‘cess
10:20:26PM GERMANY 10965
10:48:55PM US500 2919.16 2918 2910 2886 2964 2966 2983.75 3015 2934 ‘cess
10:52:58PM DOW 24204
10:56:39PM NASDAQ 9296 ‘cess
10:58:30PM JAPAN 20382 Success


19/05/2020 FTSE Closed at 6002 points. Change of -0.76%. Total value traded through LSE was: £ 5,376,891,155 a change of -9.59%
18/05/2020 FTSE Closed at 6048 points. Change of 4.29%. Total value traded through LSE was: £ 5,947,351,021 a change of 14.48%
15/05/2020 FTSE Closed at 5799 points. Change of 1.01%. Total value traded through LSE was: £ 5,195,107,449 a change of -15.28%
14/05/2020 FTSE Closed at 5741 points. Change of -2.76%. Total value traded through LSE was: £ 6,132,234,871 a change of 5.73%
13/05/2020 FTSE Closed at 5904 points. Change of -1.5%. Total value traded through LSE was: £ 5,799,712,485 a change of 7.88%
12/05/2020 FTSE Closed at 5994 points. Change of 0.93%. Total value traded through LSE was: £ 5,375,886,438 a change of -7.35%
11/05/2020 FTSE Closed at 5939 points. Change of -100%. Total value traded through LSE was: £ 5,802,382,632 a change of 0%


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