he can clarify the position without saying 'The value of future purchase orders may be substantially less than stated in yesterday's public Government disclosure', that doesn't fill investors with confidence, does it?
its fine being cautious when the value of the contract is unknown but why do it when the government themselves said they will spend up to £374 million?? **** poor RNS followed by all singing and dancing on twitter?? what is Colin playing at?
Colin should opened the RNS with this as per their tweet,
We're delighted to announce that UK Government has valued our 11 February contract, to provide manufacturing capacity for #COVID19 Lateral Flow Antigen Tests, at £374 million.
To be fair the government can easily nip this in the bud, any LFT comes up positive then do a PCR to double check, they do this for work place testing so not sure why they dont do it for school testing
most of the shares are in the hands of the Institutions, only 23.8% free float, last September's placing was at 2.25p, so even with today's huge news we are still trading below that
7DIG hit 5p on the contract news with Triller, this deal with Kuaishou, a £110 billion tech giant, completely blows that out of the water! It should do 150% - 200% today