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Apologies but it appears to me that the significance of these early tweets has been lost as the thread developed. I am reassured by confirmation that the 18% margin was after costs for phase 1 and that phase 2 will be inline with the company/ Finncaps earlier predictions of 50%. I believe lessons have been learned and that those responsible will not fall into the trap of issuing speeding tickets following potentially manipulative tweets by some intended to undermine the SP by deliberately misunderstanding the bidstats publication. Although somewhat frustrated I have held my position and will see this through. I am concerned that after a year devoted to the production of tests we have yet to receive significant orders from anyone but I do believe they will come and the SP will move significantly upward. ATB
Captain agree with your sentiments. I am far from impressed with Colin and would go as far as to say his PR abilities are dreadful, which then makes me question why I've got a decent wedge in here. I'll give it this quarter to see if Colin grows up and starts supporting his company investors and ditches the stupidity. I'm sure it'll come good at some point, and hopefully Colin's learned from this, otherwise all traders are as well selling out and let the jadam traders take over.
Sledge : been in ODX for quite a while, believed they would be the best in class , but there’s been so many !!!! am starting to smell it from here ! How many PR disasters ,excuses , it’s always by the way out there hands ! But aren’t they supposed to be managing the company ?
Sledge : on the sesh!!! You tell me the what salaries the CEO & BOD are on , then explain why ! Forget missed deadlines, forget no orders , but shoddy amateurish communication, and then tweeter , are you serious .
shelley - the trouble is that odx dont seem to learn. they just seem to lurch from one PR disaster to another. I am afraid these answers just show more contempt for shareholders. no apology that their actions dropped the SP by 15%
"It was evident from posts on twitter and emails received from investors that there was a worrying misconception that the additional Government disclosure made on Friday had somehow confirmed a contract award of £374m (beyond what had already been previous disclosed in March) or that Omega had in some way had purchase orders for this value confirmed."
really so people were emailing odx as they were worried that an extra contract had been awarded? or was the truth that they caught some rampy tweets. if they spent less time scouring twitter and more on doing what they are supposed to - maybe we would have some actual contracts
"would prefer the share price to rise based on actual news on the performance of the business"
well either generate shareholder value or leave it be - dont keep hitting the SP...it is not up to you to decide what SP the shareholders deserve.
Still a lot of anger here directed at Colin, Odx and walbrook.....I do get it. In many years investing I've never experienced a CEO attacking his own company like Colin does. ...find it very strange. Anyhow I've parked it .....Colin has a good business emerging and needs to sell it . As they said in Glasgow when I worked there many years ago....'the shy boy doesn't get the sweeties'
WAD: dramatise! It would make a brilliant drama! ODX the leading Betamax diagnostic company of a soon to be over pandemic ! All due to mis - management - but it would never been seen because, ODX have no idea about PR or promotion .Of what was supposed to be the U.K.,s leading diagnostic,s manufacture , dramatise, Have you read the RNS,s seen CK,s sparkling performances, and to top it all off tweeter ! I will ask bloody questions and continually until they give real answers, negative or positive ,but real cold hard facts.
Many thanks for posting the responses from Wallbrook. It is interesting that they feel they can comment on the margin but not on capacity. I will email Wallbrook these responses and copy Finncap asking Wallbrook to confirm the source of info particularly with regards to the margin.
@Thinkin...poor PR doesn't really bother me with this share to be honest.I'm looking ahead,staying here,patiently waiting for what i believe will be HUGE order numbers.Demand for LFT's is outstripping supply,we have a sizeable-to-massive govt contract plus whatever else comes our way.Am happy to see it through to the end game..no need to nitpick,split hairs or dramatise.
The CEO and the BOD ,could not give away a £1 for 50p ,they have shown themselves to be that naive , that slow , and communication fools ,with all that in mind would you buy a test manufactured by the so called leading diagnostic,s company that 12 months on have no sales, no orders no contracts ???? a and are now relying on tweeter.
@Wadogara: Why make comment regards to capacity in more than 20 tweets in the last 3months and many more before that, but when an investor asks for todays capacity refuse the comment as its suddenly a market secret
Wadogara: am here because you pathetic fool am concerned about my hard earned investment ! Missed deadlines, pathetic RNS,s and now f !!! King tweeter be a lemming ,or hide your head in the sand, I won’t I have email Odx , and Walbrook and as always communication as ****e as the public communications ,does that answer your question .
@Computer..or,just believe in your investment,trust your CEO not to be a canniving thief,accept that the UK and the world needs many many millions of LFT's,and comfort yourself with the knowledge that ODX can now manufacture approx. 2million of these,per week..and make way over 18% profit margin on each one.