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framework orders are more important for me, along with the core stuff of course. Not sure we are anything to do with the surge testing.
Let's hope we're part of the surge testing in the North West.
depends who the customer is? MHC/Boots won't be that great, but the other outlets should be a lot better. We know last year they used to charge about £50 per test/lab work, so who knows? I would hope across the board it will into double figures profit. Any govt work should be a decent margin though.
Great about the revenue and volume from Boots but how much profit do we think we are making from each test?
I can’t see it being much more than single digits a test so large volumes are critical.
I think they needed to show 10k daily to get onto the govt tenders, as the govt specify 10k minimum capacity. I doubt they will hit 10k just on travel alone. Anyway they need to bear in mind any potential govt contracts as they could be big numbers too.
Agree Steve.
I hear we are running hot on testing so it all comes together to indicate volumes have increased considerably imv. At what point it becomes a material increase I'm not sure as we are notorious by now for weak PR and rns not supplying numbers! It's looking good if you can peak around the corners to get a glimpse.
Hoping once again that this is the share price bottom and in fact double bottom.
We always go lower than expected but let's try for 50p rather than 5p huh!
I’m quite certain that the 2k daily testing capacity that LR spoke about on the last video is being met now purely from the Boots and MHC contracts alone.
No idea on daily Boots sales now the counter has topped out at 100+ but you can check stock at your local stores and more of these are now starting to show as out of stock. Also, I think I saw on tweet from Boots that they are planning on using our test for ‘test to release’ as well as fit to fly which would see a further big increase in sales.
If all of our other private providers are experiencing a similar uplift then I wonder how close we are getting to the daily 10k capacity that LR said was possible if needed.
Obviously the amount we make per test would have come down since those broker projections but even so the figures on paper should surely see a higher share price than where we are at?!
Not sure when the next covid update would be due but if those figures are being hit then that is a big material shift in revenue and surely we would need to be updated soon?