Finncap2 Nov 2021 00:08
from adv, c/o rivaldo, apologies if already posted!
Interesting from Finncap's updated research note today - Nutrition and CD4 cover the current m/cap, so Covid is essentially in the price for free at present:
"Forecasts and valuation.
With the DHSC yet to decide which lateral flow antigen test Omega Diagnostics will manufacture, the company understandably is giving no guidance, given the potential magnitude of such orders. However, this initial order and the potential to extend the agreement to include VISITECT antigen self-test LFT, once CE marked, as well as Food Detective points to substantial revenue growth in FY 2022. We leave our FY 2022 forecasts and target price under review, arguing that Health & Nutrition and VISITECT CD4 underpin the current c.£90m valuation – with COVID-19 providing the substantial potential upside."