We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks merchant.
My view on Mologic is that they will sell to third world countries like they suggest in their press release.
The 98%/96% 14-21 days is for Rapid Point of Care professional use tests, not self test kits. I don't believe they have published numbers for the lateral flow tests and they are yet to receive approvals. I think they are behind the RTC and they are also likely to produce an inferior product. If their Professional Rapid Tests are 98%/96%, it's unlikely their lateral flow test will be superior to this.
Merchantbanker: Excellent comprehensive post ! Agree totally with you because it looks like the vaccine won't be an easy ride for a while. Then even if we had a vaccine available, we need to eliminate those with antibodies because a vaccine wont' work on them. So testing for antibodies will be in great demand as so far, it is the only hope left while waiting for the vaccine. More people are found with antibodies is equivalent to less virus spreading. So testing for antibodies will become a routine for many years to come. 2 reasons: 1/ To clear the person for work and travel etc. and 2/ To feed the results to databases for monitoring the trend because we need to understand for how long a person with antibodies is protected. Thus following a person with antibodies means regular testing. If we replicate this process to continents plus repetitive testing for monitoring, we are talking about billions tests required. Business wise for ODX, nobody can quantify the huge impact on its numbers.
Good post Merchant. Can i have your views on the mologic poc test at 98% sensitivity at days 14-21 and specificity of 96%.
That seems to be the highest achieved as NYC using 87% sensitivity tests. ?
Top post, MB.
As usual a very informative, grounded and well judged post from Merchant Banker. Patience is key. I wish this board consisted of more well informed and concise posts like this one. Thank you Merchant Banker for keeping things real and maintaining the strong faith in ODX. I agree it will all happen in good time.
These home antibody test kits could be the most important and most sold medical devices of a generation. These are unprecedented times in the modern era. The progress all of our scientists, biotechs are making is fantastic. Just look at the coverage inferior tests have had so far. I am very confident from what's going around with partners etc that RTC will achieve this gold standard test that they all so desperately want.
It might sound like the further relaxations are progress to tackling this virus, but we still have a very long way to go to get back to normality.
Let's not start guessing when news will come. It doesn't have to be news every Monday, news by the weekend for this to make us all a lot of money. It is time critical, so we now that its not far away, but trying to put a specific time on it is not ideal.
£1/£2 predictions. Don't focus on these round numbers just because they might be areas where you are comfortable or where you or others might think about selling. My suspicion is that they are further ahead than what has been communicated. So look out for further details or numbers and orders rather than just design freeze. In terms of valuation, through the book out the window as there will be a premium here. These tests will be produced in numbers far exceeding what ODX have ever produced purely due to the fact there has never been a product with demand like it. I dont like to put valuations on it before news, but look at other stocks, There is no product that is likely to trump this POC test, so we are not at risk of a better product reducing demand. Government backed, approved and recommended will be extremely valuable. No sunk r&d costs to recover. Increased capacity, likely funded by government grant.
The company has no debt, is cash flow positive and is making further develops in HIV and food tolerance products, which are also overdue further news. These POC tests are the catalyst to turn what is already a well run, growing, effective company into part of the backbone of the UKs diagnostics industry. IMO there is no other listed diagnostics company that can make the claims Omega can. Lucky for ODX shareholders really that the other 3 companies are all private. So many people are really under appreciating how much a big deal this is and are only concerned that they haven't quadrupled their investment in a couple of weeks.