The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
@Bushmaster: "Not sure on the narrative comment, park the TT, its been pretty consistent in terms of what is going on, numbers expected to manufacture etc since Jan"
I would agree with you in the most ODX have been very consistent with the "Capacity" figures so they couldn't be held to any revenue commitments, with just two exceptions, the two days before the PMDR sales (16/2 & 17/2) , they switched to we will "Deliver", once the sales were complete they switched back to "Capacity", that didn't quite sit right with me.
So whats this consortium antibody test thats being scoped for use in events over the summer and beyond?
https://www.google.com/amp/s/www.dailymail.co.uk/sport/sportsnews/article-9430339/amp/Football-rugby-talks-firms-20-vaccine-passports-allow-crowds-return.html
Computer909 - Capacity is the right word, unless you are commited contractually, then you need to deliver. One thing is for shxt sure, we are going to find out very soon how the land lies. As for the 'statistical exercises' that is dodgy ground to be on. If they are led by science, then science tells us currently they believe the vaccine is good for 6 months, but in the real world that cannot equate to everyone. Are we saying on month 6 the stats tell us to run to the tent for a jab, I can't see it myself. Everyone one will have different rates of antibodies, when a test needs to start to check is the real question, and then how many after that will each person need before they have a top up booster, or a re-jigged Vac - That is what is goint to call the numbers on these tests, I can't see one company having the market, preferred or not.
@BigJock36: The impairment charge you mention was accounted for in the accounts for year ending April 2020,
https://www.omegadiagnostics.com/Portals/0/RNS%20Results%20FY20%20Final.pdf, The £2.3M loss we are debating was from the latest trading update so covers the year to April 2021
Really poor attempt at an argument - Markets looks forward
"A final point I would like to make relates to Innova, could you Imagine if the Government were to bypass UK companies going forward and continue to order from them?"
How does this statement get changed if Innova build a factory in the Uk employing hundreds of staff, as they have stated they are looking to do?
Another very poor answer, imagine how long it would take to actually build a factory... that’s once they have purchased land and had planning permission etc etc etc ... say 2024. Omega would have cleaned up by then
Computer, your attempt to de-ramp is a poor one and laughable. Imagine sitting there all day replying to messages .. all day....honestly it’s beyond sad
As for Stu- he has posted 39 messages and as far as I can see every single one is about me hence why I filtered him. He must have issues. Scary to put it nicely.
So that’s JADam/computer and Stu all shown the exit door.
My price prediction of March/April at £2.50 of course I am hopeful of and if the government contract is finalised prior to the end of April, I don’t see why not. I am hopeful the government will update us on the test to use imminently.
Colin has promised answers tomorrow to more questions I sent him, as soon as I receive they will be posted on here
Like most of you, I am just a normal guy trying to help and state my views.
@BigJock: "Really poor attempt at an argument - Markets looks forward",
It was you that tried to justify the 2020 loss with an impairment charge that was from the the previous year, not me, markets look forward very true but are always aware of past performance, unlike you it appears.
Its unlikely innova would be looking to build a factory from scratch, I think anyone with a ounce of common sense would expect them to take and existing building and fill it with equipment, in much the same way as ODX have done for the DHSC contract.
Perhaps Colin can answer investor answers via the official channels
@Bushmaster: "Capacity is the right word, unless you are committed contractually, then you need to deliver."
110% agree, hence my issue with ODX changing their approach to the tweets in feb, as you say we expect to find out very soon.
Its unlikely innova would be looking to build a factory from scratch, I think anyone with a ounce of common sense would expect them to take and existing building and fill it with equipment, in much the same way as ODX have done for the DHSC contract.
It was your good self who stated they would build it, so no the common sense scenario goes out the window. So simply buy a factory and fill it with equipment mr computer? We are not battery farming chickens here mate, this is purpose built machinery which was imported over, and also specifically provided by the government which has taken several months to put together. So let’s say they do manage to do all this along with hire staff and “train them” which omega are currently doing just now. So we will scale it back to 2023.
Again I win this argument by quite a far measure :) you may be good at pinging answers back quickly but I am enjoying pulling them to pieces.
You are only making omega look better and better with every response.
And no, I will not post my questions and answers via official channels. He has been happy with me posting them via Twitter and here for a considerable amount of months and 1 sad little weasel like you will not dictate to me how I do things considering your reputation is null and void on here
I appreciate you posts Bigjock36 but let's face it this has been painful.. I think we will all be dead from old age, never mind Covid by the time the factory is actually filling sales orders...
Still the Directors are set up for life, milking it for all it's worth.. that's the main thing isn't it.... Sod retail..
Following this exercise, Mr. Rhodes has today sold all 300,000 Ordinary Shares at a price of 79.3086 pence per Ordinary Share. Following the above transactions Mr. Rhodes holds no Ordinary Shares but holds options over a further 1,080,406 Ordinary Shares.
https://www.lse.co.uk/rns/ODX/directorpdmr-shareholding-and-total-voting-rights-z3ae4virb9eaksk.html
To be honest i don't think anybody predicted the tests clinical validations taking so long.
The end is nigh....
Next week i reckon.. Or not long after
Every time we get excited for an RNS it's either, "just to let you know the rumour you are all excited about is bull s h I t, we don't have any sales orders yet"
Or
Directors can cashed in hundreds of thousands of options at 15p and sold them immediately for 80p, done very nicely thank you very much"
Let's see what the next one is
@Bigjock36: Actually it was innova themselves
Daniel Elliott, of Innova Medical Group, said the UK was his biggest customer, with hundreds of millions of tests already delivered and a total of one billion expected by the middle of next month.
Innova, which is based in California and owned by the private equity firm Pasaca Capital, is in discussions with pharmacy chains in the UK to sell direct to consumers. It is building a factory in this country to satisfy demand.
spot on newboy - lets hope for radio silence unless something very positive and meaningful
@Bigjock36 :”He has been happy with me posting them via Twitter “
So our mild mannered CEO is happy to provide investors update via some random on twitter that abuses people on a regular basis,?
So how that doesn't seem right
why can omega not just do a q&a and release it on their twitter account and save all this he said she said... they have a PR company cant be hard to fire questions in get answer and post! jeez....
responses would look a lot better coming from them rather than some random...
Oh my god , have you actually looked at Bigjocks twitter feed, he’s a very angry man.
I’m now sure Colin probably does know him, everyone in a town knows the nutter on the park bench drunk on buckfast, shouting at everyone
Computer must he very cold out there tonight under your bridge. Why don't you hug the other trolls and keep warm.
There is zero need for personal attacks no matter who they are aimed at. In the bin you go.
oh dear - another rns and another director sell - this is beyond a joke