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Is blubutton still going on and on?
Incredulous.
Not even invested in the company....
is Colon King still CEO?
incredulous !!!
Chinaplate
Yes. Approvals are one thing - selling them is another. We have DAM that can help but again, as with everything ODX the potential with them is massively overblown.
I am seeing 50p as being optimistic, not pessimistic. I base this on the recent approvals spike and fall back in the sector. Plus let's imagine we are slip to 10p. To jump to 50p will need a 400% increase. That just isn't going to happen on approvals alone.
The perfect storm is:
Approvals
Sales of LFTs
Continued positive progress in other company sectors (the one plus from the update)
Government deal on return of funds/equipment (as pointed out below the UK needs an industry on standby for when the next pandemic hits - which it will - so ODX becomes a strategic asset. Downside is that requires a strategically minded government which we simply do not have.)
Get all of that and we can get to 50p this year. Downsides? If we fail on these and we have another raise (which I suspect based on the accounts we will need before the end of Q2 22)
So even with pd approvals you predict the sp to peak at 50p in the next year!
That’s v pessimistic. I certainly hope you’re a long way off the mark!
atan - interesting post and much to agree with
i totally agree that colin can't sell - and unfortunately this is the whole portfolio. firstly he does seem to have no coherent strategy (selling to chinese and pro test in usa seemed doomed before you even start) and secondly no sales team. he seems to want to defend poor performance at odx - no doubt to cover himself
it is just a shame there are no significant II to hold colin to account. he needs to do something and fast
Atan,
Whilst you do a fair breakdown on your opinion as to the state of the company, you do presume that LFT’s as I read your post coming to an end.
This latest Covid mutation will keep changing whilst people keep catching it, also as it runs rife in certain countries it will mutate and get back here, hopefully it becomes a very weak strain and causes no great harm, but if it does become a killer again we will need a British solution, home grown answer and effective solutions.
The answer is keep monitoring now, we cannot afford to miss a new strain starting up again without a proper reactive response ready to go, shame Boris did not keep to his word of a British solution supported by a good British government, therein lies the rub, talk is cheap so were the tests they bought.
Ah well that’s life, Atb
Stocks have three influences -
1) Outside forces - Boris has his back to the wall and Omnicron isn’t as deadly as some were claiming (or some on here were hoping). So it would seem charging for LFTs and scaling back restrictions is the order of the day. The country needs to get back to “normal” and with two very entrenched views (continue in forever lockdown and total freedom) the likely outcome will be a fudge that no one is happy about but may just save the economy before the recession hits. (Which it will)
2) Inside forces - Colin can’t sell. Hiring sales people late in the day also normally ends in disaster because decent sales people are tough to find and crap salespeople smell desperate companies. Average lead time is 6 months before sales targets are hit. I am not holding my breath.
3) News - This can be external or internal but for this post let’s focus on internal. It is likely that approvals will come. The stock will spike on this news. But then anyone with a Casio calculator also knows that despite it being written off as doom spreading as raise is all but locked in. But it is all up in the air and as a result day traders will have a field day.
As I have been saying for 18 months - ODX has great potential but the current government, outside forces and internal idiocy means that this could go either way.
One thing is for sure - forget 100p. This will hit 15p (been predicting this the last 3 weeks) unless we get news. It may dip lower.
LTHs should forget COVID and focus on the rest of the business. That has modest potential, meaning that on news we could see 30-50p again in the next year.
Hold if you don’t need the money
Sell if you do, despite your losses.
ODX have been talked about for months even years on this site as LTH we are **cked if what they are saying is coming to ODX
https://www.*************.com/EPIC?query=odx
Even reports of Boris saying that all UK restrictions for Covid might be cancelled in March, but didnt say which march lol and we will have to get back normal and live with it.
So does that mean LFTs, are these now on the way out as well. short term and Long term isnt great for Covid investors at present in covid UK companies. Over sea Sales might be the best options but takes months for approval. SO what does ODX have after covid to really get the SP back to 50p - 100p.
Directors wont buy at these prices as they know they have lied to us. No Approval, No Deals, and talk of needing cash, and to top it off today, the SP has taken another battering again today. something isnt right and people selling up again.
Can anyone explain the difference between CE marking and CTDA approval?
Directors won't even buy in the penny shop, Remember them telling us about an exciting future,,? They have nothing to say these days nobody selling ?.
Thanks Regulator. This list appears to be PCR tests only. No lateral flow tests?
Avacta is corner shop trash test. Available in home bargains and poundland soon.
“ https://www.lse.co.uk/news/AVCT/avacta-shares-up-as-flow-tests-receive-ce-mark-for-self-test-use-dwp5hap9dglvvh5.html “
That’s CE marking - not CTDA approval (which is what applies in the UK). It has also been superseded by the Avacta announcement last Monday: https://www.lse.co.uk/rns/AVCT/update-on-affidx-and-detection-of-omicron-variant-x2zwsj4vf49p42n.html
Do keep up at the back.
“ Can anyone offer a link to a list of approved tests?”
https://www.gov.uk/government/publications/covid-19-test-validation-approved-products
There you go Max
https://www.gov.uk/government/publications/covid-19-test-validation-approved-products/medical-devices-regulations-2002-protocol
Can anyone offer a link to a list of approved tests?
??
"could it be ODX have stock and are just waiting for approval."
Did you see the size of the warehouse that Surescreen have had to take on in order to store the 10M tests they have produced?
ODX storage stretches to a small cupboard under donkey's desk !
just last week sky news were reporting that Surescreen in Derby had a warehouse full off LFT's that just needed the packaging changing.
could it be ODX have stock and are just waiting for approval. they do employ over 150 staff? and they are making stuff for other companies but over 150?
"if Avacta sub standard test passed approval"
It didn't.
This sheite will soon be down to zero the way its going ffs
"the same department that approved a sub standard test have no reason not to approve a high standard one."
A second class stamp and illegible writing on the form, payment in 1p and 2p coins, i suspect donkey has screwed this up once more.