I am waiting for the update which should be good, hopefully it comes before the pending 'crash' . See where they lie then. Good time to be in some cash now methinks! Anyone got any live buy/sell prices, can't get anything on my screen just now.
yes, I am a bit peeved with his U turn on getting the UKAS lab sorted, especially after he said he wouldn't do it a year earlier. Could have cost the company tens of millions by that indecision. I asked the question about a newer version of Clarigene, a bit like the NCYT winterplex test. Nope, doing nothing with that and just as govt's say they will use this type of test this winter. Another ******* dropped imo.
there many other scientists saying the very same thing though. Not all have been riding on the back of the pandemic testing fiasco. Not sure what you line about the NHS is about? Let's see in a few weeks/months.
Ron, my point being that lft are so inaccurate and throw out so many false negatives their won't be many positives to send for PCR. lol. I know LR mentions doubling capacity but I doubt they will need it now, unless the govt non travel testing is ramping up. LR has already got one thing wrong about lft when he said it has to be done by a professional person, will take time etc. Well, now we know that's not the case. Do the test at home and send a photo. Not much room to cheat there eh..pmsl!
MHC are/were one of their biggest customers and their Boots numbers are only about a third of what they were, and that will reduce to next to nothing in a couple of weeks as any positive LFT will be sent for a 'FREE' NHS PCR test. For me, hopefully they can win more govt contracts away from covid and get these big US customers onboard smartish.
relying on poor lft could well end in disaster with the incorrect results they kick out. Too many false negatives for my liking. Millions upon millions of false negatives roaming around the country, spreading covid all over the place.
gali, why do you think it's Ygen supplying the 'free' test? I thought the govt were not supplying any tests for travel use, so I am not sure the 'free' bit is correct. Unless the govt have done another U turn.
first big customer goes 'live' this month I believe. October should hopefully be good for news. I assume they are still knocking out 100k+ tests per month or maybe a lot more as I note there are 5 vacancies for lab assistants currently. Update towards the end of the month no doubt!
Hemo, I don't think core is going to be a problem tbh. Rebounding and with the big US outfits soon to add decent revenues then it all looks very good. Regards covid, I think LR is expecting to pick up contracts for another 3 years or so. With the new UKAS lab he expects even more non covid govt work further forward too.
I see the MHC boss saying today that she thinks pcr testing will still have a place within the travel sector. Obviously not as big as before but there are some customers who will still use pcr and not lft as a personal choice. I expect many of those will be business people and the like. I also note that Biograd are supposedly advertising pcr tests from £20.... However , when you look on their site I can only see pcr tests starting at £50 + £5 postage or £60 in clinic. Hopefully the govt pcr testing will take up the slack from travel anyway.
Rgds Ygen's AGM, it wasn't a closed shop affair, investors could actually attend if they wanted to. I don't think anyone did, or at least it wasn't made known. One thing about their ceo Lyn Rees, he doesn't hide and will answer questions live on screen.
the £15m is already 'banked' , so it will be higher. LR did actually say /slip out £16m at one point. Just a slip of the tongue maybe, just like in the last video he mentioned 'surge testing' and lo and behold they get a contract for the same soon afterwards. I think another decent govt contract will move this before any US announcement.
Lion, the pcr work could go on for another 3 years or so as the framework contract stipulates. Ygen expect to pick up more work from this too, and I believe they will. As LR mentioned they have met other outfits within this govt venture where they expect some synergies going forward. In short they are now in the fabric of govt depts for future work, maybe not even covid related, which is great imo. Can't wait until they let those BIG US companies out of the bag, they sound like moneyspinners to me.
Rev, the global headcount is in the hundreds. The 90 number was for just one part of the business. Any spare cash will be reinvested in the business, no problem that for me. Ygen is too small to go on any other market I believe.