Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Correct couldnt agree more expecting results to show they are throwing off cash.
Just grabbed another 13k shares this morning-This really is under the radar
S/P starting to move forward hopefully this will continue upwards, some shares
getting frothy valuations in the current market conditions but this one seems to have been
left behind, maybe the results can push the S/P forward, seems undervalued time will tell!
Cheers scooby.I need to go back re watch it and make some notes again (used to last year).
Per my notes with Jay's interview with Paul Hill around mid March
All to do with POST YE 2020
Capacity for nottingham
10.5k tests a day
can easily increase
not increasing for time being
mobile activities
1000-1500 tests per truck
1 mobile trailers looking at
not announced YET - but may soon announced
only 1 was the one with oxford nanopore at the time
now - maybe more?
california
san diego
up to 5k tests per day
start with 1k per day but we are going to get to the 5k
@nlondon - if I am not mistaken, Jay said 10,000 tests a day in interview - that's the scope they have at their nottingham lab.
£50 million revenue last year is a given. I am looking forward to the update on the Q1 numbers. PCR contracts awarded in Q1 alone were £20 million.
Hoping to come in around/above 50 million revenue according to the Jan trading update and still only trading just above 100 mill mcap.
In the January trading update Jay said sbi could process max capacity of 4,000 tests a day.Here's hoping Jay is being a busy bunny and some of the trials and agreements lead to some big commercial contracts later in the year!He's positioned us well imo.
Might give us a chance of getting some of that testing revenue that comes from the result of the new trial for big events including mass sporting events.Jay seems to have an in potentially here and they would have carried out the testing competently.Who knows!
I'm feeling confident with all the potential future testing opportunities, Jay will surprise us sometime soon!Sbi have multiple shots at goal here imo and wouldn't be surprised to at least see sbi bag from here in the next 3-6 months.
This could be great for sbi for folk who require a negative COVID test as many folk would obviously use a big high street brand to get tested.
If it got rolled out across the retailer’s whole portfolio, it would be a boon and a boom for the company.
Valuation looks to be around 4 to 7 billion, which will big for London.They did seem to be a government favourite last year.
Sbi have a commercial agreement with them.
Need a bit of vol and interest in the share again.Totally dried up like at the ipo again.Hopefully Jay is continuing getting on with business.
Hopefully solid figures & update on current trading & future prospects.
Potentially an exciting share, feeling positive
Nice article in the Times about lockdown winners in general including SBI:
Https://www.thetimes.co.uk/article/the-lockdown-winners-who-saw-the-chance-to-triumph-over-tragedy-mjd5hpnhj
"Testing companies have been among the biggest beneficiaries, working in laboratories in Britain to develop faster and more accurate devices to help lift the restrictions on much of the rest of the economy (Alex Ralph writes). Among those to benefit was SourceBio International, an Aim-quoted company that, like many, has repositioned itself to capitalise on the opportunities from the crisis.
SourceBio, which provides biopsies for the NHS and cold storage services to drug companies, repurposed part of its Nottingham plant to provide polymerase chain reaction testing. Its customers range from Spire Healthcare, the listed private hospitals company, Nuffield Health, the healthcare charity, the Department of Health and Social Care and, more recently, the Rugby Football Union. The tightly held shares have not become a market darling in the same extraordinary vein as Aim-quoted rival Novacyt but the company raised £35 million when it returned to the market last October."
Ricardo2019 - Yes I believe, Liberum are the house broker.
'wants to use covid revenues to 'LOOK AT BOLT ON ACQUISITIONS IN THE FUTURE'
As of now covid revenues are guesswork for we pi's (and testing probably wont be of great significance for too many years hence) The second part is a leap of faith - INTO THE FUTURE.. Absolutely nothing concrete to build a house on there. It's really not hard to see why for 'newbies' as one smarty pants (probably a 'newbie) disingenuinely referred to me for are on a costly learning curve. There is little to value this at much above its IPO at present imo. Jay is an American corporate evangelical type. Carries eager people along. Lets see what he delivers. Results first. Then market reaction. After that again imo testing is pretty much history. Lets see what 'BOLT ON ACQUISITIONS ' look like. Dont start the deramping stuff. I hold and its my opinion
Check out what the business was doing before it tilted to COVID testing due to the slow down of its other core businesses.Sbi’s nhs contacts as a reliable, trusted subcontractor made it easier for the business to get the nhs testing work I’m sure.
https://sourcebiointernational.com/
Sbi has a backlog of nhs work to recommence and jay wants to use COVID revenues to look at bolton acquisitions in the future.
Whether its buy or sell its not whats allowing the dripping down of the sp. Ive said it for quite a few weeks that with.out testing the price can be seen as expensive. The role of testing is limited. Ok we have cash but what else have we got? I still hold what I couldnt sell but Im yet to be convinced long term . Hopefully someone can explain - beyond 2022
I could understand it if the spread was small but it's not.
Yeah, I bought another 810 this morning and it's showing as a sell.
Cheers watched it.I like Paul's video interviews.He's always a cheery chap.Interesting Jay talking about fitting out the US lab too with covid testing capacity and Biden has just announced US spending 10 billion just for US school testing from the stimulus package, 2.5 billion for underserved communities, etc... Seems to be plenty of work there and sbi already have a presence over there.
The trade at 13.17 today (Weds 17th Mar) for 5367 @ 186.15 marked as a sell is mine & it was a buy.
Again, I got a good price to buy & LSEs algorithms can't recognise it as a buy.
Makes it look like a lot of selling when its not !
Strange game this 'investing'.....purchase of just over a thousand shares and price is up 4%. Hope someone buys another thousand!
The trade marked as a sell at 14.48 today (Mon 15th) for 5351 shares @ 186.85p was mine & it was a buy not a sell.
I got a good buying price but the algorithm did not believe it so marked it wrongly as a sell.