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twatcher - the tesla tweet was not needed at all. Investors / traders pump any old rubbish info up all day long on these boards and twitter. they don't have to respond - tbh they should be too busy "selling" to worry what people are tweeting.
. they certainly don't worry about it when its malevolently negative?
clearly there was no need for the tweet to be flippant. Just state that "the recent updating of the finder a tender entry was to include the redacted contract, and had no other implications."
That would have resolved the issue, without being suggestive that the SP wasn't about to increase. It was very unprofessional.
Chris, I think you are being a little harsh, my biggest problem with the Tesla tweet was that it was made at about 10pm on a Friday night.
chris - with all respect they don't have to respond to the speculation of a handful of posters. if there were wide speculation and it was necessary there would have been an RNS.
tbh it looked like they believed that the very small band of twitter followers that suck up to them are a bigger mass than they are. that is what i mean about reading the room. big problem with twitter is that people get swayed by the more vocal minority thinking it is the majority
they thought they were being clever - trying to copy elon musk - and it backfired and slaughtered the SP. it was a self inflicted wound.
it was insulting and stupid
Captain. The tesler tweet was required as many of the punters here (and i can name them)?incorrectly supported the idea that the contract had commenced. It clearly had not and therefore Colin had a duty to advise the speculators.
Okehurst1. Well said. The bb is full of punters, not investors. Many have no idea of investing nor running a company. Colin has done a fair job given the circumstances. Many companies have issues with the DHSC and MHRA. Hopefull, with Han and Beth now moved on, we will see some positive action. Too much speculation here by people who have not got a clue.
oke -i am afraid colin lost my respect when there was the "tesla" tweet..it was insulting and unnecessary. now he prob didnt write it but he hired the people who did. so must take responsibility
in sales - and this is ultimately what ODX are about - there is only one thing people are interested in and that is can you sell.
if/when he does then he might rebalance the book
some comments on twitter
"Diagnostics company …and all you have achieved so far during the pandemic is cassetting! Laughable"
You could rebrand to Omega Cassettes
i am not alone.
Captain, suggest your being unfair on Colin
We have a business with a ‘healthy , cash position, he somehow secured £17M of kit off the Government at whatever terms, even got hem to install it,
We are now one of Europe’s largest diagnostic engineers capacity wise, maintained what seems to be a strong relationship with Mologic - he backed the right horse here without doubt, Mologic BoD appear to be very honourable people
As a result he has 100M p/a LFT capacity
What could be one of the best, if not the best , Antigen tests in the world
He’s secured business manufacturing cassettes using this capacity whilst he awaits HUE / USA clearance
Plus he tendered and won a £374M Government contract - appreciate it hasn’t commenced but we are in a good position as / when
Put aside the £6M in the bank , expanding to 250no staff ,
ditto the establishment real estate in both Scotland / England growing to accommodate the growth
Plus under his watch we secured the only WHO approved HIV test , ditto only HUA Chinese Food Tolerance test
Market cap from £4M to £100M
He never sold a share , he bought above current price
Think Colin deserves some respect for what he has achieved to date and how he has positioned Omega Plc
LTH - institutional investors buy in the market, perhaps working more closely with the MM than we are able to do but the vast majority of their holdings are acquired in the market rather than placing which generally arise from other reasons.
i see no indication that II are interested. Furthermore I think looking at Colin's history of PR any II would be very wary of such a loose canon.
Regulator, “ Not a business man? He's the chief executive of a listed company, and he's got a track history in the field. I'd suggest he's more of a 'business man' than many on here.”
ummm.. the jury is out on that one - not until he has sold something. Just because he is getting paid a lot does not make him competent
If he were a good businessman he should have know the market mechanics and would not have released poorly worded RNS and tweets. His hiring of Wallybrook is questionable and quite probably his sales team too
"For the record I do not believe at this stage a buyout is likely"
agreed. Unless someone comes out with the next greatest whizz bang test, and wants to produce it themselves, can't see a takeover.
The buyout of GAD by the gates consortium was pretty much a perfect scenario all round and a quite unusual set of circumstances.
I agree with that Bigbangs. I don't see any takeoever on the cards at the moment.
"Maybe they requested the MMs to keep the price down while they accumulate shares off the bedwetters sales."
yep that would be it.........FFS
For the record I do not believe at this stage a buyout is likely and almost certainly not by Mologic. If a buyout comes it will be further down the road when we are maxing out on production and have a strong contract/expectations running into the future - institutional investors will by that time be heavily represented on the share register and a buy out price would be massively north of where we are now and very interesting to us as ‘small’ shareholders.
I would like to see institutional investors buying into the company as this would be the surest sign that news is coming. Such investor acting individually or in concert could not acquire more than 3% of the company with this in mind without breaching the listing rules. The news that we are assembling for Surescreen although remarked upon by HMG could well still be covered by a NDA stopping ODX making any comment. When we do get an RNS it will have a much more significant effect on the sp that the swing we saw yesterday. I believe the news is coming, that it will be significant and I will hold for it. ATB
Regulator, “ Not a business man? He's the chief executive of a listed company, and he's got a track history in the field. I'd suggest he's more of a 'business man' than many on here.”
I think we can name a few CEO ‘s of listed companies who many wouldn’t want to invest in. Colin King has overseen the company, whilst tweets were made promoting the company, whilst his fellow executives were selling into the rise. We also have had no Rns detailing sales etc, when we are in the middle of a pandemic. I will concede that there may be confidentiality clauses we don’t know about, which prohibit him from saying too much, but equally the contract he signed with the government could be heavily weighted in their favour, dangling the £300 million plus in front of us, obliging us to be ready to produce, whilst not actually making any orders to buy.
“ There's a big difference between Mologic and ODX (which I hope an informed investor would understand). Mologic is a private company - ODX is a public company. Any takeover of ODX would be subject to shareholder approval and the board could only support it if they felt it was in the best interests of shareholders.
You are stating the obvious there. Of course it needs approval, but the management thoughts on the takeover would hold a big sway in how people may decide. As I have said, Colin appears to be an honourable man who wants to help. ODX have worked closely with Mologic ( and hopefully still do), which would make for a good team.
“ RNS aren't there to "promote the sp". Too many people fail to understand what RNS announcements are there for and when they are required, and then go off on daft flights of fancy, fueled by a lack of basic understanding of how listed companies work...
I accept that was clumsily written. We all want to see a positive Rns, which normally have a positive effect on the share price and I think most are aware that an Rns is only required when the company has news which could materially affect that company. We have heard nothing for some time. Ok they may not have anything to say, but also things may be going on in the background which we are unaware of. We can only speculate and what is the purpose of these boards. To see other peoples thoughts and opinions.
I thank you for your response and hope you have a good day and we see the sp rise.
...which would usually mean the share price going up over a number of days and weeks....hmmmmm? I guess we're still waiting for Big Bill and his globalist elite to turn up! )Alas).
Often, the first move of any one interested in acquiring a listed company is to accumulate a significant position over time using the open market.
sandgrounded.
Buying GAD was easy, not a public company so just needed to speak the main shareholders (probably only a handful) and agree a price.
(we learning from a recent video, that the gates group bought GAD, and then GAD bought Mologic, even though GAD was originally a spin-off from Mologic !).
Buying an Aim listed company that doesn't have a lot of shares in institutional hands is more difficult. If you had say 60% in the hands of 3 or 4 major owners, then if you get them to agree, you are well on your way. ODX is largely held by small investors...messy, and market regulations need to be followed.
Certainly not out of the question of course.
So much nonsense... where to start?
"Colin has said on numerous occasions that he wants Omega diagnostics to help the UK get through this pandemic.I think he is an honourable man who wants to help. Whether he is a business man as well, I am not sure."
Not a business man? He's the chief executive of a listed company, and he's got a track history in the field. I'd suggest he's more of a 'business man' than many on here.
"Someone made a post in the last few days about being bought out by Mologic, who themselves were bought out by the Gates foundation. Having said the above about Colin, I could see he would be happy with that - helping the poorest in the world etc."
There's a big difference between Mologic and ODX (which I hope an informed investor would understand). Mologic is a private company - ODX is a public company. Any takeover of ODX would be subject to shareholder approval and the board could only support it if they felt it was in the best interests of shareholders - it's irrelevant if it would be in the interests of "the poorest in the world".
"With no Rns to promote the sp and total silence from the company, is it possible that we could see something like this happening?"
RNS aren't there to "promote the sp". Too many people fail to understand what RNS announcements are there for and when they are required, and then go off on daft flights of fancy, fueled by a lack of basic understanding of how listed companies work...
Colin has said on numerous occasions that he wants Omega diagnostics to help the UK get through this pandemic.I think he is an honourable man who wants to help. Whether he is a business man as well, I am not sure.
Someone made a post in the last few days about being bought out by Mologic, who themselves were bought out by the Gates foundation. Having said the above about Colin, I could see he would be happy with that - helping the poorest in the world etc.
With no Rns to promote the sp and total silence from the company, is it possible that we could see something like this happening?
30th of April
"Whilst waiting to receive this confirmation, Omega is currently supporting the Government with additional cassetting and pouching services for other COVID-19 antigen lateral flow tests that are being deployed in the UK"
07-June
"In the meantime, Omega is currently supporting the Government with additional cassetting and pouching services for other COVID-19 antigen lateral flow tests that are being deployed in the UK. "
Those are the 2 times it was formally referred to in an RNS.
What I feel is interesting is that there was no mention of this arrangement AT ALL in the full year results. Accepting that the full year results were for the period ending the 31st of March, the section titled "Events since the balance sheet date", mentions the pre-production payments from gov that occurred after the year end, but no mention of income from the cassetting operation. One would assume that given an inflow of £2.8M was deemed significant enough to get into that section, it implies no significant funds were received from this arrangement up to the period that the full year results were produced. The cassetting arrangement also does NOT get mentioned in the outlook section.
So overall, a confusing picture.
I wasn't expecting an RNS today
What could it say?
"We've been cassetting & pouching for SS for the last 4 months"? An RNS would've been released 4 months ago if it was deemed as market sensitive.
Best we can hope for today is some enticing tweets
and of course tweets with no revenue, speculation with no orders, is going to do jack schmitt for the price.
as has been evidenced over many many many months now, orders is the only thing that will get us moving.
we LTH's know this, CK knows this, yet here we are.