RE: RNS23 Dec 2021 14:39
In the early days Ygen were shafted by the corrupt govt, just like many other UK companies it now seems clear to all . Ygen set up labs for pcr testing, were strung along for months, and then nothing. Hardly the fault of LR.
From scratch, they got a brand new covid test ready by June I think it was.This was after Ncyt went with another/other suppliers around April, so then LR decided to do their own. Not bad going in my book to get it done by June.
I do agree they have too many directors and senior people at the company, far too many.
I also agree they also did a U turn on setting up labs for UKAS, so lost a year or so there. That for me was the biggest dropped bo llock by LR. Yes, definitely dithering with that.
Core has obviously suffered in the pandemic, so I cut him some slack there. Things improving we are told.
Yes, we need to see more meat on the bones with more clarity. That could/should be improved going forward.
It has cost quite a lot (capex) to set up the UKAS lab and we should see this start to come back in the near future and show profitability.
US contracts and plenty of other stuff in the pipeline post covid we are led to believe, they now have to deliver on this in the next few months and beyond.
Not sure I am too bothered about his small commitment of a day a month at abdx. Not too sure he does much if anything at Mhc either.
They have achieved much in the last 6+ months , but there is certainly much room for improvement too.
They seem confident about the near/medium term, but they should now prove it by buying shares, actions speak louder than words as they say.
Sign In
Follow the stocks
