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Another fact we know, the GP% is 64% - That is very good - Why would CK want to dent his GP %, on last years figures due to costs he can't affort to - Costs have gone, more staff, more toilet roll!
Here is the GP % on the accounts - https://twitter.com/MarkBushmaster
Once you know the exact cost of the end product, the GP market must be a min 64%, otherwise the business model fails. With any luck CK will want to push that GP% up to give him some wriggle room
Manufacturers and wholesalers typically seek at least 15 to 20 percent profit margins on products. However, some industries such as cellphone or pharmaceutical industries enjoy high profit margins that are sometimes well over 100 percent.
https://smallbusiness.chron.com/average-profit-margin-wholesale-12941.html
Thought I would post this up seperatly, looks like the J post is turning into a train smash.
Here are the actual figures on the balance sheet March 2020 - https://twitter.com/MarkBushmaster
From memory I think a further 62 staff added since April - add 25%, which takes the total wage bill to 7.7 million.
If you look at Feb 20th tweet, you can see the asset numbers - worth keeping a note.
The bottom line is the net margin on LFT's are not known, not for Omega.
Here is a NHS official supplier:
https://www.primarycaresupplies.co.uk/innova-sars-cov-2-antigen-lateral-flow-rapid-test-kit-box-of-20/
25 tests of Innova are £145 = £5.80 a test + VAT
You can't pull their books, Innova Medical Group Inc was founded in the USA on the 20th March 2020, but we do know Xiamen Biotime Biotechnology make the product.
If you take the cheapiest MOQ, £5.80, you would suspect Innova wholesale price is around the £4. mark - From what I have read, mark ups on Medical Devises are 20/30%. Bear in mind Innova are not manufacturing, Xiamen Biotime Biotechnology are - So there is a margin already in place for the manufacture, then Innova place their % on top.
https://www.cleverleyassociates.com/wp-content/uploads/2018/05/W2018_SFP_Welch.pdf
One thing is clear, Innova are charging out and are not shy to do so, they are not working to the bone - There margins look blo-ody decent on the face of it - Bear in mind Virgin Atlantic had the contracts too pick up the stock from China, that is on Bidstats, FOB from China so zilch freight costs - Another saving for BJ to buy from Omega.
What will Omega charge? Who the hell know's, but I would suspect they will have more than one price list, A, B, C (C being the highest price) If I took a punt, I cannot see Omega/CK charging less than £3, still cheaper than Innova, plus CK has all the other USPs we know about.