Member Info for Beynon

Can’t wait to the Walbrook or take on this one. Lol

I wonder if they even have authority to sell

Other than the smallish order from the government have we made any sales at all!!!!

Old news agreed - blimey knows where the price will go

They need sales news. No sales news of any real quantum yet but it will come

Believe we could have a far bigger manufacturing capacity by then

Dead on Steve - I remember when everyone agonised about fda at ncyt. When it ..... eventually came, it was flat. Vaccine link is the key

Shame - ODX starting to look like a shed in the middle of nowhere in central Scotland

Wonder if we have made any sales yet lol

I was the exact same in Halifax. 15k ready to top up - no joy.

Do I recall correctly that there were circa $15 each at 70% GM?

There will be very minimal current demand for antibody lab tests - all antigen. Being the main player in town for antibody with MHRA approval and the Mologic antigen will be what we need. Breaking free of the government will be the catalyst. Ncyt went off to the races well before the government took any notice

Our main problem is that we are selling to the government. The critical approval is MHRA - then we are in a new world

Sorry min of 10 times

What a lot of people will think it that making profit is only selling. In a manufacturing business this is also a balance of uptime on costs. Where odx will have been on historic numbers is generally struggling to absorb costs. They are taking manufacturing volume up by a min of times from the same manufacturing footprint. Yes ship and bill profits will flow but they will be absorbing costs during high volume production which is now and for a foreseeable period. This may well result in significant transfer of gross margin profits to EBITDA as profits pass break even thresholds and incremental returns are earned

He sort of answered that question. If the government is to buy then they would go for it as he explained for the antibody test. Note the capacity charts took the quantity manufactured to be greater than the ODX share of the 1 m rtc tests. I’d hope that the home test approval has a backstop of the orders shipping.... eventually. As a side I was speaking to a lab who are trying to pick up nhs testing contracts sand they can only say that the timeline is just so extended it’s unreal so it’s not just Colin who is experiencing it. My feel was that he is the sort of guy that gets a niche in the market and just burrows and burrows. Given their position I don’t think anyone will be able to touch them in 6 months time. Good presentation - could do with a better CFO.

Vanilla trading update in a period we knew there wouldn’t be covid sales. This could have been buouyed by some order book information or the level of talks ongoing. I do think this is all a little much for the ODX team who are not used to the limelight. Very scientific which will drive the underlying value but cannot expect them to be that gifted all rounders.

This is only the beginning of the anti-body test. You have to be patient and know it will come through in the financials of the company. Whilst others terminate positions and close. ODX hire and take in orders. The global market is massive and as part of the rtc plus government orders under their belt the mountain will come to Mohammed.

I did think they maybe opted for after hours presentation as a result of the share price volatility in the last event .

Disgusting this happens in our country. Just disgusting and enraging