RE: Covid: Rapid tests to be offered twice-weekly in England5 Apr 2021 08:34
Twice a week LFT tests for all
This is the main news story in most news outlets today, heavily trailing what Boris will be talking about in tonight’s press conference. Pretty clear that frequent testing, not vaccine certificates is the key to the next stage of unlocking.
Follow this to it’s logical conclusion.
Twice weekly tests = 100m tests a week / 5bn tests a year
The contracts will go to the providers with the best test (Avacta, obviously in my opinion)
At £2 profit per test that’s a potential profit pool of of £10bn a year (versus our current market cap of circa £650m)
And this is just UK only, now imagine USA and EU with a combined population more than 10x the UK follow suit!!!
And this is just for one year and we all know regular testing will go on much longer than that (even if not as frequent think about air travel, cruises, conferences, high density offices, etc).
Everything we make will go straight out the door, that stock pile Won’t last long gla