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On the fence pro tem but I am sure Avacta shares will collapse at some point

By Tom Winnifrith | Saturday 30 March 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


For a long time Avacta (LSE:AVCT) has been a stalwart of my stocks to short portfolio. The valuation of a company whose lead product AVA 6000 is still in phase 1 trials was bonkers. Worse still there was a clear need to raise cash, a looming black hole. It was a nil brainer.
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