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TDL - TBG Diagnostics

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TBG Diagnostics have pretty much completed their metamorphisis from the former Progen ('PGL'), having sold off or abandoned the oncology projects.

Now we're into molecular diagnostics, emphasis on the Asian - especially Chinese - martket

Their Investor preso (yesterday, 16th May) looks attractive: I might keep my eye on this mob.

Share price hopped up over the last couple of days to close at $0.285, on very thin volume, although compared to PGL trading, it's a torrent

Regards,
P
 
What are peoples thoughts on this one when she is finished having a once over from the ASX?

Price at posting 27c
 
Having last thought about this mob 4 years ago, I've long since forgotten them, until I reminded myself reading this thread. "Oh look: there's me!"
On the one hand, TGB Diagnostics is in the right place, and they're getting their Coronavirus testing product certified and so could one not expect handsome sales?

On the other hand, today's announcement of European CE mark approval
https://www.asx.com.au/asxpdf/20200318/pdf/44g533jcts26zx.pdf
is the second time in 3 weeks that this mob has make what is surely a price-sensitive announcement, without marking it as such on announcement-issue, which is not a great look.

From a tiny market cap a few days ago, to about $60 mill now (a 10-fold increase) I'd be pretty cautious.
 
I registered on this thread some years back as a PGN holder and lost interest until few postings happened. Looked into performance - woh - a whopping 500% increase when others were slogging and moving south fathomless.
ASX did not wake up on 17th March (Corona fear) but woke up today 18th March.

https://www.asx.com.au/asxpdf/20200318/pdf/44g5bmwqkhbddn.pdf
 
The ASX watch-poodle is either very unhappy with the manner in which TBG Diag issued their recent announcements - in not being flagged as price-sensitive - or possibly sniffing something rather naughtier.
After 2 responses to ASX queries (reponse to price query, response to aware query), the suspension of day before yesterday (so: March 17th) hasn't been lifted.

Discl: don't hold.
 
Yeah I’m hoping it gets lifted soon as I got caught on Tuesday. I really don’t know if it was a good or a bad thing that I managed to get some in the “insider trader window”. With not much to go on other then they are making testing kits it’s hard to make a valuation on the company.
 
Plot thickens with TBG Diagnostic informing the market with "Update on TBG Xiamen COVID-19 Virus Diagnostic Test Kit"
https://www.asx.com.au/asxpdf/20200406/pdf/44gr64r9dtt1pb.pdf
Some update.
Chinese export authorities are banning exports of products such as TBG's Chinese subsidiary's COVID-19 testing kit, that do not have the 'required China medical device product certification'.

So it seems while the product is certified by at least one of their major target markets - the EU (see post of March 18th, above), because it is apparently NOT certified within China, it can't be exported.

oh dear.

There are several players in the ASX moving into this market space - GSS, CDY.
TBG Diagnostic may be left on the kerb.
 
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