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The legacy of Colin king continues on
I believe also that they are being cautious. Things aren’t 100% stable since the unrest and with the wider issues as we know. Moving ownership out of country and different big moves before a potential significant change may be too obvious to attract the wrong attention. Again, likewise, pure speculation.
How would odx secure a loan? Loss making, cash burning entity. Now shareholders have got their wish they will have to live with the options at hand which must be very few given the shape and execution of the business
I get the spike for the placing to sell into. They will have needed to present a case inorder to arrange the placing. I don’t see the second spike on covid news as they have all but dropped covid now.
It’s in a death roll that does not end
Simply they are reducing capacity and still have the opportunity to manufacture in Cambridge before deploying mass outsource if required. Makes sense.
The price does not and will mess up all the financials but I suppose the floor has fallen away from under them.
Placing ….. everyone appears outraged by the placing - maybe a bit of offset to get the Alva deal through. Maybe some hedges bets. I am sure there is some contingency of sorts in there.
The rns makes the statement that moving to the subcontract method of manufacturing will significantly reduce manufacturing cost. I wonder what balance of variables is driving that statement. Is volume too low to absorb costs, are the costs at Alva high, is the level of automation in Alva low needing manual input in the non-government equipment?. The statement does not make sense on its own. Still struggling to understand why the site has been sold for £1m. The site lost £4.9m but that was with all the DHSC costs expensed and the income held in the BS. I can’t see why the government would put a stop to this either as they have chosen not to use the asset. It’s maybe a very outside play to force a final statement to close the whole debacle - even if it is desperate and unlikely but who knows. No doubt in 9 months there will be another strain and again shortages of lfts and this will still sting all involved here. ODX will have options to have their test built in many different places, maybe other UKRTC partners such as ABDX.
Totally out the game now. Health and nutrition good but no significant share price to be found there. This is a board strategy to not maximise returns but get out the limelight
Would they need a vote to pass for this? No institutions left?
Was there need for them to release that rns on speculation? Shame they couldn’t be more transparent on other hypothetical points along the road!
Odx would not need to sell Alva. Just mothball, write down any excess value and shut it. They don’t care about their financials, they are trash anyway. It would be only ceremonial that Colin’s legacy would absolute implosion of a business who should have done so well during the pandemic. There would be no market for that type of business/ facility in the area - likely better utilised washing before. Part of me thinks this spiralling and horrendous board positioning may be to portray the major adverse loss that the DHSC has had on the business to hold onto the machinery. They can’t be that bad?
This could go down to nothing - who is going to equity raise these clowns
Personally I have never quite understood why antibody testing didn’t take off. The finger prick is more complete than a poorly administered swab and the knowing that you have antibodies allows better distribution of vaccines globally. It’s a funny game
We appear to be dropping on very little here. Maybe time to cut this one loose
You see why Colin left so sharply
So what are more favourable conditions?
Higher share price?
Covid test approved?
Contract in hand?
Increased core order?
Covid new strain or growth?
Just tread water until it is better…. I get that but can’t believe the way that was communicated to the market at a smash to shareholders. Just wow