News blog

Omega Diagnostics

  • BY: Andrew Hore |
  • POSTED: 27/05/2019 |

Omega Diagnostics has raised £635,000 from a subscription at 10p a share. 

That was a 1.5% premium to the previous closing price. The share price has fallen by around one-quarter in the past 12 months.

Omega is expected to have net debt of £900,000 at the end of March 2019. There is a £2m overdraft facility but management obviously believe it is wise to raise some more cash, even at the current low share price, to continue to invest in the business.

The VISITECT CD4 point of care test remains important. The timing of revenues remains uncertain. The Expert Review Panel for Diagnostics needs to approve the tests so that NGOs can buy it. Registrations in individual countries will also be required.

This uncertainty is reflected in the fact that finnCap has not published forecasts for the current financial year.

A small loss is estimated for the year to March 2019, but there should be a second half profit. 

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 19 August 2019

Continue reading... | 19/08/2019

Omega Diagnostics

Food intolerance and diagnostics company Omega Diagnostics has delayed its interim results announcement, although it figures appear likely to be in line with expectations. 

Continue reading... | 19/08/2019

Transense Technologies

More good news from Transense Technologies and the share price rose by 9.5p to 70.5p. 

Continue reading... | 13/08/2019


Ironveld has entered into confidentiality agreements with potential purchasers of its mining rights for the high-purity iron, vanadium and titanium project in the Bushveld complex in South Africa. 

Continue reading... | 12/08/2019

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds