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"About time the company made a formal statement to protect sp. This wouldn't be allowed if we lad large investors.... pi s don't matter"
It's true that the company on more than one occasion has been quick to come out with a "we know no reason", when the share spiked upwards. However given the company is going to release an update on Mon, I don't think it's reasonable to expect them to make some statement prior to that.
Disciple you’re crazy if you are buying more at the moment. This is looking more and more like your typical AIM share. Major constant ramping and failed promises and no news. I’m still holding and have a decent sized bet that I’m really not happy about loosing but I feel sorry for people over exposed here. Please don’t keep topping up on the way down as this may never move up again. Hope I’m wrong but I’ve posted this message on many boards before and have been massively shot down, only for the company to fall and fall and ultimately go out of business. I’m not saying that will happen here but if we get no Covid related contracts then surely this will keep plummeting?
Good summary Merchant
I have more cash waiting on the sidelines for ODX (sold other shares). I firmly believe in Colin, it's just not an overnight success story.
"Only between 4% and 6% of the population has COVID-19 antibodies, which suggests that most of the population is still vulnerable to the virus (September to October)"
The question is ... without antibody testing no one knows who's got what, which areas are worse than others, which vaccines work best with different sub sectors of the population and what's going on in the population at large any one time. So i think we can all agree that throughout the world testing of all types will become the new norm.....so anyone invested here, all they need to know is that ODX are able to maximize this opportunity and make as many tests as they can possibly sell ....
That's the reward here is very simple, nothing more and nothing less... HIV and Food testing can be seen as insurance.
https://www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/conditionsanddiseases/articles/coronaviruscovid19weeklyinsights/latesthealthindicatorsinengland20november2020
Should get one soon imo
Mb, spot on. Sentiment is low, and I can only imagine people are way under because they have invested what they can not afford to lose, hence why you have the derampers playing on emotion.
Psychology plays a huge impact on how one reacts in these turbulent times, I am down also from the drop from last few weeks, but I’ve moved away from listening to these boards.
Word of advice, go back and do your research, listen to all the investor presents presentations, read each RNS in detail over past 10 months and then make a valid assessment of why you invested in odx based on its fundamentals, not because of hype or chasing rainbows.
Switch off, go for a walk :)
J
Redboy i know it doesn't feel like it but they are operating by the book the way a company should operate. It's just the reality is AIM investors have grown to expect to be sold dreams every day placing value on well written RNS that in truth are misleading and rarely amount to anything in an poorly regulated market that exists for the sole purpose of raising equity. If you compare ODX to a large FTSE business and see how they communicate you get what i mean. You communicate a business plan identifying the risk profile and then you delver and the proof is in the financials.
Perhaps ODX do need to adapt to their new audience but is it right to expect them to ramp up the prospects just to look after impatient investors positions? The comms is there. When they did the last presentation for example some people moaned about it saying its not material news. There are some real nuggets in there. But the truth is people want material news and they cant give it until it is ready.
For example:
They have communicated the strategy business plan and product timeframes. It is clear as can be
Capacity expansion through April
Antigen test expected by end of Nov
Antigen test used in Heathrow trials, Nottingham drive through and other health settings
MHRA approval they can't say when it will be approved
They expect further government orders but so far no contracts signed
They expect vaccines to create significant demand for ABC-19
We know non gov sales are highly likely
We know there is a profit share for non gov sales
We know they have gone for FDA approval
All of their capacity through Nov was taken up as of mid Oct
We can make reasonable profitability assumptions based on the finncap report
There is some excellent info and profitability info on CD4 and food tolerance
The information is all out there in multiple locations. What people really want is the high ticket items, MHRA approval, CE mark antigen and a large significant government order. They cant announce what isnt complete. And peoples perception of poor comms is really the lack of mnaterial news.
Imo crawling along the bottom now. Hold and I'll be rewarded. As I said expect major news q4 on ODX. Hopefully nice update at interims too. Nearly there on multiple fronts, technicals and news inbound. Dont think this will hit the exagerated lows. Gotta laugh.
1/ Testing to go hand in hand with vaccine
2/ Oxford/AZN related tests in production
3/ Over 3billion Azn vaccine on pre-order
4/ our tests will be needed on 2-1 ratio minimum.
5/ Huge upscale in production to meet demand.
6/ CK says all production ear marked
7/ CK says sales will be SIGNIFICANTLY higher
8/ ODX on projected revenue, well undervalued
9/ Dont forget WHO pre-qualified CD4 tests. Earmarked and included in UN agencies roll out prog.
10/ Chinese approval for food intolerance test
11/ Agreed distribution partnership with chinese partner.
Bargain price imo. CK, waiting for my Xmas present. Thanks.
45.00 ask
Merchant - how many times do you have to say “there are no conspiracies here” ??
From 41 ?
First time in my life bought at the bottom?
Great post Levs - sensible summary, AND you haven't been hammered for it - well done!
I am hopeful as well ... do you know which govts have approved odx and any idea of volumes as that would help the confidence
More buys then sell and we down 10% doesn't make sense and never will. Someone is playing a game, are we due to receive some news that's why its gone down.
Patience. What they produce will be gone. This is a star buy. Just wait once they are ready in producing massive number. Gl all.
The Guardian piece had the effect of allowing the MM's to (sorry but they will move a price where they see fit on the AIM) hit these levels two weeks ago. They have decided to have another go post Oxford vaccine. Nothing more nothing less.
Very annoying as nothing has changed since the Pfizer news. Oh just waiting for them to confirm they like Moderna did not test transmission post inoculation!
MB - you speak so much truth.
Too many people on here letting their emotions get the better of them.
This is how the market works, HAVE CONVICTION IN YOUR INVESTMENT!
Wouldn’t be surprised to see £1 next week, we have all bases covered and patience is all that’s needed. I’ve had 40k wiped out, am I worried - NO because this will surpass all time highs, of that I’m convinced.
We all wish that, things can change anytime so you never know.
It would but what will be the driver for this.
I’ve bet my money on yes, other governments will too!
Would be nice to see at this level before news. Hopefully this week.
Will the government ever buy 1 more million?
MB, wish you would speak to Colin about taking over the company PR!
There are some in between there Sharpe, that potentially can't sell and take the loss because of averages...it's often not quite as simple as just 'selling and moving on'.
Having just invested £25k, you're naturally bullish and we all get that. At the moment, though, the harsh reality is that a few people seem to be 'straightening deck chairs on the Titanic'.
ODX need to release news on orders and profitable orders, quickly.
There's not much one can say here,most of us know odx is a good company with a vgood ceo,atm it's all about timing unfortunately a big majority of pi s have been spooked by the lack of updates orders approvals well there definitely coming,you will see next week a massive rebound, then all those i told you so posters will disappear gla