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For whatever reason, SP in no way reflected the significance of the Contract award yesterday....
https://twitter.com/AndyTho47585550/status/1366887748020412420?s=19
Bit strange but as you see nobody was investing in that news so SP more than reflected it.
"Screen4 are a minnow 14 staff"
Not sure where you get that figure from. They're now an international company with staff and operations in the UK, UAE, Hong Kong, Bahrain and Australia.
Quay Nobody was investing in that news so They were all sells yesterday, my 15k buy was a sell pizzer.
You really mean there were more sells than buys only just by my calculations.
There’s absolutely no way I would be comfortable selling in this transformational period you would be mad.
Going to be very interesting going forward, intraday RNs please colin gla
I think they are more significant than you give them credit for...
https://screen4.org/
The market moves in mysterious ways sometimes..... value will out... and as we know, this is just for starters.... main course due to be served within the week due to transparency regs.....
Naysayers will all melt away soon.... Happy Days :-))
the contract is an open "on demand" type. With no indication of anticipated of volume, there is nothing on which to base a financial judgement.
It could be Screen4 simply retaining the option to cover all basis with no immediate plans to use the service.
Or it could be Screen4 needs the service right now at some level (including full capacity), but don't have enough visibility of requirements to commit to an on-going usage.
Or it could be anything in between those book-end positions.
But without even an indication of initial usage from ODX, a valuation can not be placed on it. Assuming a top price of say £40 a pop (a complete guess), it could return revenue between £0 and around £200K a week revenue. (AFAIR ODX can knock out 46K tests a weeks.)
Contact Details:
17 Middlewoods Way
Barnsley
South Yorkshire
S71 3HR
UK
Telephone:
+44 1226 730052
Website:
Official Website
Twitter:
Official Twitter
Number of Employees:
19
No wonder expected revenue wasn’t mentioned.
We need a government deal.
"it could return revenue between £0 and around £200K a week revenue. (AFAIR ODX can knock out 46K tests a weeks.)"
bad sums by me, £2M a week, not £200K
Just shows you up for the TW4t' your name suggests :-)
2M a week or 100M pa ADDITIONAL revenue on top of the expected 200M+ from Govt Contracts..... Not too shabby. 500p SP incoming TW4t' face :-)
Screen4 Ltd
@Screen4org
· 18h
Have you had Covid19? Have you had the Covid19 Vaccine?
Our new Home Use Antibody test can help you to identify the level of antibodies your immune system has built
Find out more: https://screen4.org/product/finger-prick-antibody-test/…
#COVID19 #omegadiagnostics #antibodytest #vaccine
They’ve not got the government contract yet so let’s not include that. If the deal with screen4 was so good then they’d give potential revenue.
No institutional investors in Omega and directors sales, rather than get nasty, tell me you’re not the least bit concerned ?
Not one hedge fund is backing Omega, and you know more than them?
"No institutional investors in Omega ... Not one hedge fund is backing Omega"
Says who? Unless they exceed the notifiable threshold you don't know for sure who or what is invested in any company.
Now trot along and troll another board...
Pardon?
Thu, 11th Feb 2021 07:01
RNS Number : 6952O
Omega Diagnostics Group PLC
11 February 2021
OMEGA DIAGNOSTICS GROUP PLC
("Omega" or the "Company" or the "Group")
UK Government manufacturing contract
Board appointment & trading update
Omega (AIM: ODX), the medical diagnostics company focused on CD4, infectious diseases and food intolerance testing, announces that it has agreed a contract with the Department of Health and Social Care ("DHSC") to provide manufacturing capacity for COVID-19 lateral flow antigen tests, as part of the UK Government's well-publicised target of producing two million lateral flow tests per day.
The intention is that as soon as the DHSC has access to a test that has successfully passed a performance evaluation, the test will be licensed for Omega to manufacture. As part of the contract, DHSC will loan a number of key pieces of manufacturing equipment.
This will facilitate the necessary expansion in production capability in Omega's Alva-based facility, to ensure the tests are made available as soon as possible.
The Company anticipates that the above actions will provide the Company with capacity to produce approximately 2 million tests per week by the end of April, when combining the Government-loaned equipment with its own manufacturing equipment. Omega expects that this capacity will be sufficient to meet the expected demand for lateral flow COVID-19 antigen tests, with enough remaining capacity to be used for VISITECT® CD4 or COVID-19 antibody tests according to demand.
"2M a week or 100M pa ADDITIONAL revenue "
Ah, the well known rampers ailment called selective reading. The whole point of the post was that if ODx had ANY certainty of significant revenue from the contract they would have announced it, in fact they'd HAVE to announce it.
But feel free to prance into your flowery field of unfounded optimism to your hearts contents.
Twatcher do one off the board your not invested stop trying to deramp you scumbag
Easy, this thread relates to the capacity contract signed by ODX with screen4 for lab based tested, which has nothing to do with LFT production.
try and keep up lad.
I prefer a flowery field of due diligence rather than the swamp of optimism.
When you cant't argue the facts, call people names.
Really really weird that people dont like the facts
Morning Guys
When in your own opinion we can see the SP start ticking up, as i thought beginning of this week sp should be over £1, also with all theses positive testing news and odx twitters SP still hovering around 80’s - 90’s
The facts are we have been nominated as a supplier of Covid tests by a Govt pledging literally Billions in the middle of a pandemic that the world is desperate to get under control. Omega are front and centre in the fight against Covid, and idiots like you choose to post nonsense to do them down when you have no interest. How's that for some facts for tatters TW4t face?
Hani1,
watch out, you'll get the usual replies from the usual suspects that its a ticking bomb, coiled spring, wouldn't want to be out of this over the weekend etc. Those have been the default responses for many many months.
the truth is the SP has traded around this level for several months, dropped a bit lower for while, been a bit higher. And all during that it's been proported as being "ready to take off". So come into this thread with a large serving of salt.