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Oogle, That is correct, the 185p price upgrade does not include Virolens. I think people will have to turn up earlier to venues to get tested, it can then be put on a phone app of some sort as proof. And those buying multiple machines will no doubt get a discount. They may even start renting or a separate company buying in bulk, then renting them. Either way Covid will be here for a long time and this machine is the best on the market. AGM 13th May.
Eddy, yes I forgot to mention the improved accuracy on the September test. See the broker notes don't even mention the possible contribution from Virolens . They had a very good update in January on the gradual improvement on their own electronics business and the integration of the acquisition Torotel. Must be more news due soon not least about orders for VIrolens even if there aren't many yet. I never got a reply from either company about a quote for our rugby club. Not in the premiership but must have been about a couple thousand footfall weekly before Covid. Its pretty important that for many to survive they are going to need to be rearing to go, which I know the players will be, but will need every supporter we can get too, and know they are in a safe environment. Whether it can be afforded or not is another detail that might require grants of some kind
https://www.lse.co.uk/news/TTG/berenberg-raises-target-price-on-tt-electronics-7ji5d3irk5dgzb4.html
Do you have a link?
Berenberg have issued buy guidence with target 285p.
Oogle, the points I picked up on is the accuracy, more accurate than anything out there, 1/5th cheaper than other tests per test, 25 already supplied, these will be samples to generate sales. Lets say stadium 60,000 capacity, 3 (min) x 60 (1hr) x 2(2hr time before kick-off/concert etc) = 360 test per machine x 2000 machines = 72000. venue charges £2 extra for test (£6/test) - 2hr x £15 labour) = £690 profit/day. 22 open days to pay for machine, back open for business, and after initial period making a profit of £1,380,000 per day on £2 mark up. £30,000,000 outlay assuming £15k/machine. that is just one venue! How many venues, airports, universities, train stations, cruise liners, work places around the world? Imagine if TT only made just £2,000 profit per machine......
Thats very interesting Eddy because when I emailed Keyoptions last year they said they were receiving their first consignment to test last October/November. Maybe they made some improvements since then which would explain quite a lot. I think the key points are as the manager of xtek ltd says with these machines they can now safely open up sports events and many other venues. Sadly Covid maybe with us longterm, but these machines should help us manage our lives with a lot less restriction.
Hi Alas, haha, great posts, what a treat on a slow day... I studied for a finserv qualification recently, (not even equivalent to an o'level), on my way to a career in equity release. As far as mifid, ucits and basel accords go, i imagine that conceptually, they are as irrelevant to as many people here as they were to Neil Woodford...It took me a long time to gain a superficial understanding of the cgt, divi tax, pensions and shelters which you outlined in a few sentences..that's genuine experience, not just learned to pass a multiple choice test, and instantly forgotten like mine..You didn't get that rosette for nothing...troglodyte!.
The importance of NOT sheltering some assets cannot be emphasised enough for UK tax payers. Allowance of Capital Gains Tax (CGT) is generous, though may change in the future, but taxation on dividends less so. AIM is a different kettle of fish.
Tax rules are supposed to be simple. Good decisions that result in an uplift are gains* and poor ones are losses+. Yes this seems simple, but a gain is not a gain and a loss is not a loss until both the buy and the sale have been executed. Gains of £12,xxx (I don't have the exact figure to hand) can be made each year before tax is applied. Losses can be applied against gains and if these exceed those where a gain has been made can be carried forward for future years INDEFINITELY. Assets that could trigger a capital gain are really any asset that is not exempt. Exempt assets include assets that do not constitute a business such as primary residence, wine, art etc
The disadvantage of holdings that are without a shelter such as ISA or SIPP is dividends. This is now pretty thin pickings and limited to that that falls within your personal allowance and just £2,000 after that. In 2019 the FTSE dividend yield had risen to over 5% in 2019 but is currently around 3%. If you only invest in shares in the FTSE that pay a dividend, exceeding roughly £66,000 and there will be potential to pay dividend tax. Holdings in an ISA are not subject to CGT or dividend income tax, BUT losses in an ISA cannot be used outside that wrapper. SIPPs are useful in that the Government will add a minimum of 20% to any contribution (whether a tax payer or not) and at a higher level for higher earners. In other words an immediate uplift of 20% each year for every £1 invested in a SIPP wrapper.
The disadvantage is that the SIPP cannot be cashed in until retirement age and once retired and drawn against are then taxed under the prevailing tax rates at the time. The advantage (for me) is that a SIPP can be transferred outside IHT to beneficiaries.
TTG has the potential to generate whopping revenues as nations re-open using science based solutions with swift results. Of course, although results provided in short time, 100% accuracy is not claimed and additional tests will be required from those that are filtered.
Of the main airports in terms of passenger numbers, London ranks #22 behind 10 cities in China and 6 in America. If the technology is adopted at Heathrow (22m passengers) and Madrid (17m passengers), that is an awful lot of tests sold! Add Frankfurt (18m) or Amsterdam (20m) and ..... well you can see where this is going.
Shares are held for TTG in the ISA for my wife, my SIPP and in ISA wrapper for elder son.
Strategy therefore is not to be a slave to tax, but use tax laws efficiently. It is also important to understand WHY an investment has been made along with understanding of RISK.
Again I stress, I am not a financial advisor and that no-one should infer anything from my comments
Thank you Waterloo1, though I fear placing any credence on an anonymous contributor has dangers. I do stress that I am not qualified to provide any financial advice but I have made more good decisions than bad ones in building my portfolio.
Those that have had the misfortune/pleasure of suffering my interminable drivel will, I hope, appreciate that I tend to comment in matters where I have (and I hate this expression), skin in the game. Actually, I am pretty binary in that I pay greater attention to those holdings that either have the greatest potential or the greatest worry.
To eliminate any confusion, I have built my portfolio entirely from INCOME. Although I began in 1979 following graduation, the real point was after I needed to cash everything in to prevent foreclosure in the 1990's when interest rates were at 16%. The next myth is that although I am extremely well educated, I am not a high earner. My preferred choice is to build my business to allow me to employ others. A note in the preface of an obscure play by the brothers, Kapek, is the mandate on which I like to live my life - "....it is the duty of the rich man to give employment to the poor man....".
Anyway, the advantage of making mistakes is twofold, first not to repeat and second to take advantage. Advantage is difficult when assets are sheltered in a tax efficient wrapper, so it is therefore important when beginning investing for the long term to use ALL the choices available. You will note that I align my drivel with investment rather than trading - totally different - so there needs to be an eye on taxation.
Right now, the bulk of my investments are managed for me when I realised that I had spread my investments far too thinly and had become little more than a managed tracker fund albeit consistently growing at an average 12.5% annually. These were transferred in 2012 to be managed on a discretionary basis and rationalised. I do though keep my "hand in" in managing the SIPP accounts for self, wife and both children along with a couple of tiny dealing accounts and an ISA for elder child. The dealing accounts are cashed in every 18 months or so with the proceeds transferred to a Discretionary Trust to mitigate the effect of IHT that my children will face on 2nd death despite yet to inherit.
So, although some numpty trader attempted to pooh-pooh comments about the wild fluctuations in prices first and last thing, I am correct. The strategy that needs to be adopted concerns shelters and taxation. I will continue in a moment.
I get the feeling that there is something bubbling under the surface and that we may be due news on an order through i-Abra in the not too distant future. It has been almost a month since TTG announced that registration has been approved albeit subject to iAbra being able to convert enquiries into orders.
But, there has not been a marked change in volume so this is simply my opinion and not based on verifiable facts. Government comment suggests that it might be possible for holidays to begin in the summer which was more recently followed up with a dampener in that the full reopening of airways is not really expected to happen before the long stop decision in a review in October - presumably that is a decision to be made as to when matters will again be reviewed.
Additionally, it is suggested by one of the scientists that developed the AZN vaccine that a 3rd dose might be necessary. This gives more credence to rapid test results becoming more necessary and likely in the prevention of international resurgence of cases.
4 say buy, 1 says hold, 0 say sell.
I'll go along with that...
https://www.stockopedia.com/articles/this-is-what-analysts-think-about-the-tt-electronics-share-price-211204/
Same place as as adfvn by the look of it. Have to take a lot of their info with a pinch of salt. It isn't any better paying for it. Stockopedia has 15.5 for PE. Sounds about right. With Iabra's Virolens its very cheap, without its still pretty cheap especially if their own business has continued with the recovery it was showing in January.
Oops! That should have been, Have no idea where LSE gets its PE ratio of 292.5 from?
Have no idea where LSE has got its PE ratio of 295.5
Also given the go ahead in Scotland. This is a poor article but it does intimate orders pending. So not just international. I expect we will get further news of take up soon...
“The distribution company is set to launch the product with immediate effect and is hoping for a further rollout in the coming months - with the hope the tests could be used for airports, sports venues and businesses.
Scotland currently tests for coronavirus through PCR and lateral flow tests - which can take from hours to a few days to return a result.”
https://www.edinburghlive.co.uk/news/edinburgh-news/new-covid-test-gives-result-20286483
Trek
This is from end of March apologies if posted before. It looks the ‘The Brewery’ has moved on from a trial site to a test centre. I wonder if something similar gets set up for travel.
‘ICTL is set to open its doors for safe and fast COVID-19 screening in the City of London. Through ICTL, businesses can now arrange for their employees to be efficiently and safely screened for COVID-19 at the Brewery events space.
On arrival, people will be tested using the MHRA registered Virolens machine, which employs microscopic holographic imaging and artificial intelligence to detect the presence of the COVID-19 virus. It delivers a result within 20 seconds.
ICTL’s immediate launch has been made possible by already having a pool of trained staff and a proven operating model, derived from hosting trials of the Virolens machine. The ICTL website is now open for bookings and business enquiries.
ICTL marketing director, Simon Lockwood, said: “Instant Covid Tests London is using Government-registered Virolens technology to allow many of London’s workers to safely return to their offices and workplaces. The technology is the first of its kind and a breakthrough in the battle against COVID-19.
“We’re proud to have used the Brewery events space to set up ICTL’s first test centre, which now offers our neighbouring workplaces a fast-track return to normality.
“We welcome enquiries from local businesses and individuals seeking immediate and highly-accurate COVID-19 test results delivered by trained and experienced diagnostics support staff.”
iAbra founder, Greg Compton, added: “The Virolens technology is ground-breaking in its approach to screening for the virus. Whereas most COVID-19 testing technologies are based on chemistry, Virolens is based on physics.
“It successfully utilises artificial intelligence to image and identify the presence of a virus at a microscopic level in just seconds, without the need for a laboratory. This is a major step forward in the fight against COVID-19."
https://www.med-technews.com/news/Covid-19-Medtech-News/city-of-london-20-second-covid-19-screening-tests-to-launch/
Trek
TrekMadone, thank you for your generous contribution. You confuse investing with trading. A simple choice befalls those that can distinguish between traders and investors. I cannot pretend for a moment to have ever used level 2 at any point in the last 42 years for any purchase or sale of any equity. I have though used the basic tools, originally with graph paper and newspapers though more recently with the myriad information available since 1990 when I bought my first computer and later that year had primitive internet access.
The skillset needed to be a trader are highly focussed, perhaps considered as gamblers. I expect a trader to know everything in minutiae for perhaps 4 or 5 equities. For the returns that I expect from my portfolio where my goal is simply to beat the market, I do not need such depth of information.
And the distinction is drawn from the capital that is prepared to be exposed to the equity. Between my ISA and that for my wife, there are some 70 holdings. The last of our joint capital was sheltered in this years allowance. Including the disposal from jointly held asset to one or other ISA, a total of 22 bargains were executed last year. There have been 6 this year, all in the last 3 weeks.
With my average bargain a little over £xx,000, commission, spread, exchange rates and stamp duty (where levied) although noticed are very different from the type of instrument that the trader will use.
Since reliance is made through the design of an algorithim the trading process (buying and selling) to eventually achieve a goal, that same £xx,000 needs to be split into hundreds of tiny orders several times each day, perhaps even each hour for a trader to achieve their goal. Traders tend to claim that they always make profitable decision seemingly long and short at the best time and, I just don’t believe that to be true.
I have made no bones that I have owned shares in companies that failed.... Marconi, Cenes, Claims Direct, Graphene Nanochem, Torotrak, Albert Fisher etc. I have also bought shares at the wrong time such as Velocys, Image Scan, Tungsten.
What you do not know is that I have had to fully cash in my portfolio in 1985, restart it in 1987 only to cash it all in in 1992 and restart in 1998. The first time was when my business went bust, the second to prevent foreclosure with interest rates at 16% for mortgages.
As this will be inexorably dull for those others suffering my drivel, I suggest you and I filter each other as it compares apples with bananas, one being a fruit, the other a herb. Oh, and my handle is Alas_Jones. For 19 years until bullied off ADVFN, I used the handle Erogenous Jones. Prior to that, I haunted Interactive Investor site as The Troglodyte.
Alan,
Go rethink your strategy.
This is absolute bllx...
‘The first is never to place any bargain in the first or last half hour of market hours. MM’s are setting out their stall and trying to find the price to buy and sell at the beginning of the day so that they have consistent pressure and in the last half hour as they close their books and prepare for a new day.’
Go and read the guidelines on the London Stock Exchange site. Get to grips with the basics of Mifid 2 and understand how level 2 works.
The first half hour can be the most lucrative.
Here’s an example from today. PUR closed up 12.9% on TSX yesterday and yet opened up 0.5% on LSE today. That’s even after CAD/GBP exchange rate. PUR went on to close up 13.5% today! It’s main listing is TSX. Sleepy MM easy money!
Or look at how many RNS spikes you can sell into on good news or on bad news even send NT and beat the rush to dump!
Gosh the list is endless! IMVHO you believe what ‘they’ want you to believe. Go field trial!
Trek
I don't even own this share, but am an alas fan since he left the saga bb on some point of principal...soaking up his wisdom is the highlight of my investing adventure...
Always interested in hearing the wisdom of others.
I don't think anyone would be interested in my stupidity. ??
Having said that, I have done pretty well in the last year turning a 25% loss into (currently) 13% profit but having made the loss in the first place I know things can go wrong very quickly.
No it's interesting, feel free to ramble... Not much else going on here, well not at least untill we get some huge Virolens orders!