I knew this company before & after it went public as I worked for one of it's suppliers for several years. I was impressed with the way they worked, and believed they would do well as they had good innovative products etc.

The company has a lot of cash, but disappointed the market because they did not use any of it to pay a dividend. SO the price dropped & dropped & dropped.

Genetix Group PLC
29 July 2003
Genetix Group plc announces Interim Financial Results
for the six months ended 30 June 2003

New Milton, UK, 29 July 2003 - Genetix Group plc (LSE:GTX), the genomics and roteomics technology group, today announces its interim financial results for
the six months ended 30 June 2003.

Summary:
• Sales of 4.9 million (2002: 6.3 million) in continuing difficult trading environment
• Pre-tax profit of 0.4 million (excluding goodwill of 0.2 million) (2002: 1.1 million); pre-tax profit 0.2 million (2002: 1.0 million)
• Sustained investment in R&D and sales and marketing
• Strengthened sales presence in key US market
• New aQuire scanner successfully launched; aliQuot micro-dispenser ready for launch
• Cash balance increased to 21.4 million (2002: 21.1 million)

Last week it was 30pish - this week something has happened, yesterday Monday 11th it jumped over 10p and today Tuesday it is up 15p so far. There are lots of small purchases from ordinary investers. Presumably someone has brought this share to everyones attention.

Hi little woman...darn missed on this one, had a hunch ...but didn'e go for them...!

What I bought instead were Service Power (SVR) and Motion Media (MMD)


expect them to rise further in time, just my own (dreamy...and highly optimistic) opinion...Retail Decisions RTD results out also soon, so a strong hold for them.

Hows ur AIT's, holding onto mine for a couple of more announcements by the company.

Ta

Jules.

Hi Jules

You had a hunch - so how did you hear about Genetix?

Looking to buy back more AIT - although the price has dropped a bit, so far not quite far enough! I hope there'll be a bit more profit taking before any more announcements by the company............

LW

So this is why!

Genetix Group has risen 55.56% to 56p. On 11 August the company, a maker of equipment for research into human and plant genomics, formally launched ClonePix, a new instrument for mammalian cell colony picking which the company says is the first step in the production and selection of monoclonal antibodies.

"Monoclonal antibody production is an increasingly important area of focus
for biotechnology companies," Genetix said, adding that around 25% of biopharmaceutical drugs currently in Phase II trials are based on monoclonal antibodies.