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Never say never Pumpky. The day may come where the government needs to go to ABDX on its knees.
Sooner or later China will need to accept they can’t lockdown the country every time a disease that will be with us forever and is very, very highly contagious brakes out. They also can’t let it rip completely so the only solution for them is to implement a strict Covid testing program to drip cases through while also keeping their economy going.
If you wanted to test 1.4 billion people every day you would need nearly 10 billion tests a week, or half a trillion a year.
Not to say they will test that many that often, but they will still need an extremely large number of tests for a long time. This will push the price of the raw materials up and China will probably want most if not all the tests they make for their own home market.
Now, ‘if’ while this is happening a new more dangerous variant kicks off we here in the UK and the government are screwed!
ODX (manufacturing) now Chinese owned so they will maybe produce for the Chinese market or highest bidder and ABDX up to full capacity supplying the USA and European market.
This leaves just Surescreen to supply the UK needs which is something they just could no way do on their own.
The funny good side of this scenario would be watching the UK government squirm and hear how on earth they try and explain their way out of how they let such a thing happen….. the not funny side would be as I said, we UK citizens will be screwed, dangerous variant spreading with no way to slow it down.
Shame they won't be given a Government contract;we would all be richer
When Abingdon did their IPO the Market valued the business at £100 million (current MCap £15 million).
This was mostly based on them having one government contract for 10 million tests to be ‘probably’ produced over that coming year.
At the time this was almost the full capacity that ABDX could make in a single year.
They can now make 150 million tests a year. That’s over 12 million a month. So they could now fill over that government order every month, month after month.
10 million tests, Mcap of £100 million….. it gives a good idea of how high the SP could go here…. 150 million tests Mcap ?? BIG!
This fell with Avacta and will rise as fast as they did
We're finally getting the pulse we all hoped for HD2U. Had to use the defibrillator a few times but it's finally starting to beat. A good RNS saying DHSC money received and us LTH's will be very happy
I've had a busy day today so didn't have time to digest the RNS properly. Just read it again.
"All raw materials required for production will be provided by the customer. There will be an initial technical transfer process, paid for by the customer, "
This is amazing as it means the £2.7 million contract value (minimum) goes straight onto the bottom line! Yes staff costs to manufacture, distribution etc but with no raw materials cost a large chunk of the £2.7 million will be profit!
It also represents access to the European market, with Vatic covering the US.
Very good contract from ABDX lots of fingers in lots of pies now, multiple tests in multiple markets...bring it on!
Good price jump at the end there makes me confident we will see another good rise tomorrow.
It often occurs that it's the day after a good RNS that the main rise happens as you need to get the 'sell on news' gang out the way on day one.
Any why would there not be?
"We continue to make commercial progress in other areas and look forward to updating the market in due course.”
Thanks HeresHopin.
Agree, and understood but thought they were also to give the market a chance to catch up if too many trades going on? Either way, 8 is a lot?
Cracking day today, never seen 8 PMEs in one day before. Lets hope the recovery has begun. GLA.
Only just got to the pub;have to work sometimes;could have had a month off if the SP got to 15 pence
I think ABDX went down to these ridiculous SP lows due to market concerns over cashflow.
Todays RNS along with the completion of the Vatic TT (now in manufacturing) along with the other new contracts announced last month puts an end to any cashflow i.e. placement concerns.
So, here is a 14 year old cash stable business valued at under £15 million.
£9 million was recently pumped into the expansion.
£9 million is owed and due (all/most of it) to be paid very soon.
New contracts confirmed, and new tests targeting a multi billion growing market in development.
The contract announced in today’s RNS is worth 63% (2.7M vs 1.7 TO) more than the full turnover for the last 6 months (June-Dec 2021).
Maybe it will take the market a day or two to work this all out properly.
Next to no risk, growing sector, growing company, contracts now being lined up in numbers and manufacturing being ramped up consistently.
They will work it out. My bet SP will be in the 20p rage by the end of the week.
I did say our alkie would have a crack at being negative (I reckon he thought this out whilst in Wetherspoons for his early doors session) - he's soooooooooooooooooooo predictable!!
£2.5 Million contract and only up 20%;need paying by DHSC
Well today’s certainly gone a long way to demonstrate they’re not sitting on their backsides doing nothing. They’ve had plenty of bad luck with AVACTA and DHSC. Let’s hope this is the turning point. I feel a lot more confident today than I did yesterday.
Dear bearded clam,
Thank you for showing us all your true colours.
Best,
Jon
You really are a silly fellow if you seriously think that we will fall for your nonsensical ramping Jon boy. The market still does not trust Abingdon's management, hence the fall back late this morning after its earlier rise.
It keeps retesting but eventually once the bottle neck is cleared, one way or another, i think it'll bounce hard like a synairgen from 23 to 248, which is a c. 11x. I bought this because it is so under priced. Once news hits the market, I believe it'll do us proud, but patience it required.