Biolidics Limited (8YY.SI)

Shion

Shion

Senior Mentor
Joined
Oct 24, 2008
Messages
375,051
Reaction score
121,697
Shares of Covid-19 test maker Biolidics soar 54.6%, triggers SGX query

Shares of Covid-19 test maker Biolidics soar 54.6%, triggers SGX query

https://www.straitstimes.com/busine...t-maker-biolidics-soar-546-triggers-sgx-query

SINGAPORE (THE BUSINESS TIMES) - The Singapore Exchange (SGX) on Wednesday morning (April 22) flagged unusual price movements in the shares of cancer diagnostics firm Biolidics.

The Catalist-listed counter had surged as much as 54.6 per cent or 29.2 cents to hit 82.7 cents at around 10am.

It then eased back to trade at 72.5 cents - an increase of 35.5 per cent or 19 cents - by the midday break. About 79.7 million shares had changed hands by then, making Biolidics one of the most heavily traded by volume for the morning session.

Biolidics now has a market cap of about $139.3 million.

Meanwhile, its substantial shareholder Clearbridge Health also saw its share price surge in the morning. The integrated healthcare group’s shares jumped 69.6 per cent or 11 cents to 26.8 cents at 10am. The counter was trading at 24.5 cents as at the midday break, up 55 per cent or 8.7 cents, after 109 million shares changed hands.

Clearbridge Health and its wholly-owned subsidiary Clearbridge BSA hold a combined 46.14 per cent stake in Biolidics as at March 18, according to Biolidics’ annual report.Asked if there was a development at Clearbridge that might explain the increase in its share price, group chief executive officer Jeremy Yee said no, but noted that Clearbridge is a shareholder of Biolidics.

On Wednesday, SGX asked Biolidics whether it was aware of any information not previously announced concerning the company, its subsidiaries or associated companies which might explain the trading.

Before the bourse operator’s query, the Singapore-based company’s latest regulatory filing was made on Monday, when it said it can now distribute, market and sell its Covid-19 rapid test kits in the US.

Biolidics also separately announced in recent weeks that it had received official approval for the novel coronavirus test kit in the European Union, in the Philippines and in Singapore.

Earlier this month, SGX asked the company why it had disclosed the approval from Singapore’s Health Sciences Authority (HSA) only on March 30 - at least a week after HSA already announced it - especially in light of the seriousness of the Covid-19 situation and a worldwide shortage of Covid-19 test kits.

In response, Biolidics said it only became material to disclose the information after it was certain the kits could be commercialised.
 
T

TheOutsider

Senior Member
Joined
Aug 30, 2014
Messages
899
Reaction score
117
mrclubbie said:
Shares of Covid-19 test maker Biolidics soar 54.6%, triggers SGX query

https://www.straitstimes.com/busine...t-maker-biolidics-soar-546-triggers-sgx-query

SINGAPORE (THE BUSINESS TIMES) - The Singapore Exchange (SGX) on Wednesday morning (April 22) flagged unusual price movements in the shares of cancer diagnostics firm Biolidics.

The Catalist-listed counter had surged as much as 54.6 per cent or 29.2 cents to hit 82.7 cents at around 10am.

It then eased back to trade at 72.5 cents - an increase of 35.5 per cent or 19 cents - by the midday break. About 79.7 million shares had changed hands by then, making Biolidics one of the most heavily traded by volume for the morning session.

Biolidics now has a market cap of about $139.3 million.

Meanwhile, its substantial shareholder Clearbridge Health also saw its share price surge in the morning. The integrated healthcare group’s shares jumped 69.6 per cent or 11 cents to 26.8 cents at 10am. The counter was trading at 24.5 cents as at the midday break, up 55 per cent or 8.7 cents, after 109 million shares changed hands.

Clearbridge Health and its wholly-owned subsidiary Clearbridge BSA hold a combined 46.14 per cent stake in Biolidics as at March 18, according to Biolidics’ annual report.Asked if there was a development at Clearbridge that might explain the increase in its share price, group chief executive officer Jeremy Yee said no, but noted that Clearbridge is a shareholder of Biolidics.

On Wednesday, SGX asked Biolidics whether it was aware of any information not previously announced concerning the company, its subsidiaries or associated companies which might explain the trading.

Before the bourse operator’s query, the Singapore-based company’s latest regulatory filing was made on Monday, when it said it can now distribute, market and sell its Covid-19 rapid test kits in the US.

Biolidics also separately announced in recent weeks that it had received official approval for the novel coronavirus test kit in the European Union, in the Philippines and in Singapore.

Earlier this month, SGX asked the company why it had disclosed the approval from Singapore’s Health Sciences Authority (HSA) only on March 30 - at least a week after HSA already announced it - especially in light of the seriousness of the Covid-19 situation and a worldwide shortage of Covid-19 test kits.

In response, Biolidics said it only became material to disclose the information after it was certain the kits could be commercialised.
Click to expand...

Hopefully it goes back up. Bought some today slightly after open and later. Please be good to me and hope the announcement is a good one and pump it further up
 
T

TheOutsider

Senior Member
Joined
Aug 30, 2014
Messages
899
Reaction score
117
Pannawang said:
I bought 2000 units at 0.75 too
Click to expand...

9000 @ .63

Then hand itchy
6000 @ .75

Then friend join
2500 @ .775

My first trade with my own account last time always hitch ride buy a bit only. Please be good to me hopefully the announcement is neutral at least. I want get rid of it fast fast hopefully 0.8 - 0.85 max if go down also hope to cut profit at 0.73. If didn't FOMO buy the second and third lot at higher price, should've made good profit right now.
 
P

Pannawang

Junior Member
Joined
Oct 26, 2018
Messages
72
Reaction score
0
TheOutsider said:
9000 @ .63

Then hand itchy
6000 @ .75

Then friend join
2500 @ .775

My first trade with my own account last time always hitch ride buy a bit only. Please be good to me hopefully the announcement is neutral at least. I want get rid of it fast fast hopefully 0.8 - 0.85 max if go down also hope to cut profit at 0.73. If didn't FOMO buy the second and third lot at higher price, should've made good profit right now.
Click to expand...

My friend target 1 dollar to sell
 
T

TheOutsider

Senior Member
Joined
Aug 30, 2014
Messages
899
Reaction score
117
early morning also target $1. Now just hope for the best. Should be alright la I think SGX just want them to clarify on some queries. Hopefully it will continue its trend up. 0.85 my target for now..
 
dexboi

dexboi

Supremacy Member
Joined
Oct 28, 2007
Messages
5,504
Reaction score
1,840
T

TheOutsider

Senior Member
Joined
Aug 30, 2014
Messages
899
Reaction score
117
dexboi said:
It's just a typical pump & dump, quicky. A quick search shows that the test kits are manufactured in China. Biolidics probably just a stepping stone for the China company to get HSA cert. DYODD.

http://1807300040.pool2-site.yun300.cn/repository/image/JxHwU4nMQd2M-tQwo9kUZQ.jpg

http://1807300040.pool2-site.yun300.cn/repository/image/9rsWRwMlSZ2s-I2Nr47kLw.jpg

https://www.biolidics.com/newsroom/biolidics-sgx-queries-announcement.pdf
Click to expand...

Really thanks for the sharing. New to this didn't dig deeper just blindly followed. Thanks for the quick lesson will research more on the company before making move next time. Thanks!
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top