Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks MB very informative.
Scientists concerned about 2nd wave this winter as they establish the virus thrives at 4 Celsius . Source Mail Online.
Mb- i hugely appreciate it, and I am sure most people on this board do.
Long may it continue.
Yeah cheers Merchantbanker for the refresher and educational message.
Mr.Investment you are filtered.
For anyone whom has giving up living NewsNight is covering the ins and outs of wearing face masks.
I don't know why Disney World has opened. Utterly ridiculous considering Florida is a nightmare at the moment.
Tony HX - Yes. They need to deliver all 5 tests running at near full capacity and complete the food tolerance and CD4 approvals and sales targets to achieve that.
The bottom end valuation is around £190m which assumes just the 200k UK RTC and only 46k per day Elisa tests.
Check out the broker note.
Or i did my own calculations which are somewhere close to the broker note if you look back at my post on 02 Jul 2020 10:57
Legin - Whether its wasted on anyone or not, always worth putting down in writing.
Well as long as i can get £5 before this Christmas - Im happy to hold lol
Tony. Yes £6 however you will have to hold for quite a while.
So MerchantBanker a Finncap valuation of 970m gives us a share price around 15 times today’s value?
£6??
MB,
Fair play to you for taking the time to appraise the current situation, such a shame it is probably wasted on Mr.Investment.!
Have a good weekend.
continued
*some way to turn that around.
Check out FInncap research note, high end valuation of £970m if reaching full capacity with Antibody and Antigen tests, and the CD4 and Food Approvals.
Mr Investment - I am a big advocate of reading the accounts and results and understanding the business and it's amazing how many will buy shares without doing so. More important here is whats to come rather than whats has gone.
It's highly unlikely there will be any surprises in terms of the results ending 31 March. We have already been told they expect to make a profit in the range of £850-£900k which is slightly ahead of expectation. What is important to understand is the business pre covid is made up of food tolerance, CD4 testing and allergy business.
The CD4 testing is really just starting to get going awaiting approvals and further orders which have been held up by Covid 19. This is a high growth area for the next couple of years, but was a loss making segment at the end of the year.
The allergy business was just worse than breakeven, quite small but with fairly high development expenditure to try grow this. With the Covid opportunity they have since decided that their fiance, human and fixed asset resources are better spent elsewhere so they have taken a non cash impairment of circa £8m for this.
The food tolerance business is the core business up until now. It is making a nice profit and still has a long way to go as self testing is expected to be approved in China any time this summer.
So you will find from the accounts a decent profitable business with no debt to speak of, low admin expenses and positive cash flow
But this is by all means a picture of the past, and ODX is greatly about to elevate into a whole new league.
So the company today as an investment opportunity, you take forward the food tolerance business, with the knowledge that self test approval in China will greatly increase sales on a high marking product. Take forward the CD4 business knowing that sales last year had barely begun, we have already signed new contracts and are waiting WHO approval along with other assessments and potential orders. So we should see high growth here too. Leave out the loss making allergy business
And then you have Covid. This is a whole new ball game. Wit plans to increase capacity to 2m tests per week, with 2 business models, one with government backed RTC expecting to supply at least 200k units per week, and Mologic agreement with 4 tests which by the end of the year are expected to include Antigen Lab and home tests
So when ODX present next week, yes there will be some interest in the past and this will show a positive picture, but it is all about the future. The interesting part is they have mentioned a trading update, so investors are keen to see if anything has progresses any further with any of the tests, capacity expansion, orders etc. So i don't see down side from these results and presentations as we know what they are. I only see upside if we were to be given some new information about any progress. But failing that, ODX is undervalued as it is and sentiment is low, so a bullish outlook can go some way to tu
The results have already been pre-empted by the trading update from 9th June. Overall slightly ahead of market expectations. Be interesting to see the forward looking statements / plans now related to all of their product sectors, including covid.
For such an expert that does so much research your history here is fairly limited https://www.lse.co.uk/profiles/mr.investment/
Think its time for my first filter and Remove Mr Insipid
I think everyone knows the risks - and bumps will not be a surprise - but theres far more medium term upside that down. So thank you for gauging what we know or aware of - thank you for caring. Now......
Mr Investment please stop investing.
where do these wise guys turn up from? not seen in the last three months then crops up like Mr Wisdom?
Im still not really sure what youre even here for - is it just to spread your wisdom and state the known and the obvious - dont you have any body that wants to listen to you
Whats your AGENDA? Or just hear to help us naive fools from being taken in as we dont understand how things work - do you know how arrogant you sound?
https://www.lse.co.uk/rns/ODX/trading-update-4gwl8lbu9v3xacx.html
Results from RNS 9th June
“ Further to the announcement on 2 April 2020, the Company now expects EBITDA for the year ended 31 March 2020 to be in a range of £850k to £900k, which is slightly ahead of market expectations. ” the write off is below the line as just a book entry.
They are ceasing allergy development to concentrate on Covid products. They continue to sell existing allergy products via their partner. As I said view the Investor presentation RNS it's interesting, may even convince you to invest. It's not without risk but not a lot of downside from current price with the food detective and Cd4 products expanding.
£7m loss or thereabouts due to write off allergy development costs. Cash positive £200k. We also know what the raise will be spent on. Read the investor presentation please as it getting boring telling you. You can also put me on your list.
oh leave it out professor, mr investment.
Why do you care/ What are you even here for? To spread your wiseness?
By the way its WEDNESDAY