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turfmoor - i don't think that odx SP was ahead of the game but that it might do due to a few twitter tweets. Clearly shows that they have no idea of the market. As you say there was no need for the tweet. Was not funny - but disrespectful and potentially financially damaging as comes from company account. someone needs the sack in my opinion. the company is a disaster PR wise and need to get their act together. stop trying to be mates with a few tweeters and promote the company is a professional and positive way to safeguard investor's savings
Given that ODX haven't announced a single purchase order for any LFTs EVER (worth thinking about that for a bit), in a world apparently gagging for LFTs, I think they'll have been very happy to sign anything and get a free boost to 2M capacity into the bargain.
And no, the 250K antibody LFTs dont count, it was abingdon that signed that purchase order, and as CK himself told us, ODX did not supply the finished test.
Mizman, if that's the case, where is the initial RNS that quoted 50% margin from govt contract?
I don't think there was one. Therefore nothing needs to be RNSd
There was nothing to announce worthy of an RNS. The fact that ODX thought the sp was ahead of the game is not RNS material! I see a drop of 12 to 18p first thing and maybe a finish of minus 6 to 8p. All of this could have been avoided by saying nothing.
Should have been announced via RNS. If this should have been announced via RNS, considering the tweets on Friday during trading hours, then there are some very serious questions to be answered. I am emailing Finncap.
Agree Mizman, but that’s IF margins have changed...
Otoh, if others’ enterpretation is correct, and only the pre-prod rates (completed over 5 weeks ago!) were 18%, then CKs 50% prod margin could have been in play since then...
Gla
If margins had changed from 50% to 18%, that would be material news and would be announced via RNS.
Think about it.
So we could still finish the day blue on Monday. Lots of eyes on Omega and the inbound £374m government contract.
I think I now understand why they felt obliged to tweet but it should not have happened. The company previously quoted expected margins of 50% in the UK-RTC lateral flow test. As this figure was seen as coming from ODX they felt obliged to issue the warning. The 18% is in the public domain now so despite saying nothing has changed, it has, and they should have issued an RNS. I think 18% is reasonable considering the volume and support they are getting. ODX please use approved communication vehicles in future!