The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Yep
BBI solutions sold for £400m on turnover of £58m so yes i have.
ODX have an agreement with the UK government to produce LFTs
LFTS are here to stay
once the POs start to roll in, you will see this go to a mid cap.
This is the risk reward. If you don't think that will happen then all you do is sell and walk away.
If you do then you get greedy as I have.
Not gloating but I have a lot of info on this company so I have a good feel for where its going.
The Avacta presentation yesterday was an insight into the LFT a market place today.
It appears that there are cheaper overseas manufacturers of the LFT itself, as such it’s fair to say Omega will be working supplying the U.K. Government direct once they are informed which biotech to use, in the mean time they are making cassettes for them which we know about .
BBI couldn’t meet Avacta’s required costing, Abingdon probably had no choice as they didn’t have a Government contract like Omega and have cut their margin.
Regarding the biotech, unless it picks up the Delta variant it will struggle to be excepted in the worldwide market, hence Avacta taking a pounding until it confirms a clinical trial that it’s test does.
So the issue for Omega is does the Mologic V1 test pick up Delta and to what accuracy / Ct range ?
GAD are manufacturing the Avacta test and we know GAD are part owned by Mologic who are partners with Avacta on the so called V2 biotech.
So unless Mologic produce their own standalone updated biotech that is close to 100% accurate identifying Delta then their V1 test is finished commercially.
Worth remembering the Mologic V1 reagent / buffer had a shelf life of Sept 2021
Putting all this to one side it’s not all bad news for Omega
They will eventually get the nod what biotech to use and they can commence the £374M contract, we should find out next month how much we have been making via manufacturing cassettes for the Government whilst we wait, suggest this will be the interesting number, if it’s the same price as the antibody LFT then it’s 80p gross profit per unit, it’s just how many a month?
In the meantime we may get news in the wider market on who has been successful identifying Delta variant
`no one has lost a penny until they sell. Thats a fact.
I had hoped that all the weak holders took my advise to get out at the high 70s not because i don't think this will go higher because it will but so that they could move on.
I bet many thought about it and even thought they wanted to get even for so long, when it arrived they didn't.
But the man thing is the same people now sell at a loss down here when its low.
Being able to sustain the volatility is where how the money is made.
If you capitulate and sell every time it goes low how will you make money.
Everything is still to come for this company.
I hold and will be here till we see £3-5 and you will just like NCYT went bananas.
JAdam, stop complaining and filter me, you have the solution to your problem right at your fingertips.
Jadam bragging again, let's see how well you do later
You must have bought heavy into odx aberdeenman. I dont think you are a ramper, I just think you are desperate. I've also seen it all before on Aim but I'm referring to the few desperate people who just ignore reality and say it is going to all good. The fact is, for months you have been saying this is good, if people have listened to your advice the fact is they would all have lost money. Odx has a big problem, it's not selling the tests that have been muted for literally a year now. The government have been in no rush to choose other test for covid. They probably have nice juicy contracts with the current suppliers that who knows maybe benefits them. Odx is in waste land at the moment. This will drift down and then have some spikes but the overall trend unfortunately is downwards. That is fact and clearly can be seen in the data. Sorry if you are suffering a big loss here it was looking very positive for odx a year ago.
Seen it many times on AIM, a large fall followed shortly after by good news and a substantial rise.
All part of the game designed to relieve PI's of their cash, of which the derampers are part of.
Holding tight, not long now.
Aberdeenman
JAdam true although sometimes i don't agree with you, but on this i do if i have done the same as you from year a half till today would've made a fortune, but hay hoo stuck here with a big red on paper, god knows till when but may be soon 2030 lol its good i am still smilling.
I wouldn't have invested here if I hadn't done my research ,for you to know what I know would put us both with the same knowledge so my advice to you is what I told you yesterday
I topped up yesterday @ 56p and just topped up again at 51p. Are games being played before a big rise? Seems sooo strange. I'll keep buying with a medium term outlook, 3 to 5 years, if odx aren't bought out beforehand!
calderkate
"Cover all angles then so you can say told you so"
Exactly
You'll get your comeuppance and I hope you explain your mistakes and don't just go crying with your cap in hand
Cover all angles then so you can say told you so
They created a perfect traders share, safe in the knowledge there is never any decent news coming from the company to trip them up, they can just study their charts and act accordingly.
250 staff now, what on earth are they doing?
Biggest mistake was getting in bed with the waste of space that is UKGOV
all of a sudden.