Member Info for Beynon

Bigbangs - I feel that is exactly what happened.

It’s not quite as they have presented the numbers. They have held back releasing the £2m payment from DHSC at the half year point. Meaning the cost of all was expensed with none of the benefit offsetting. Still a loss but narrower. If at the year end they still have that in the balance sheet that will be of interest as why they still believe they have a credit to be taken across all future tests manufactured for the DHSC. I still think all eggs in one basket.

Very good

Karaleva - beggars belief indeed. Sickening inaccuracy. Government can be blamed, PD blamed, but that is criminal.

@wadogara all reasonable points out with CK’s control. However his job is to get maximum return for shareholders. He needs to have irons in many fires. He needs multiple strategies in play at the same time to hedge risk and maximise return. He has not done that well, not well at all. He needs to look at a contract and see if it’s business he wants and weigh up the risk. He’s now burnt prime time in a hot market that they may only have a few years of and this is the time to cash pile to grow into the future. He will never do that off the back of existing capabilities of cash stream. He has failed to perform his fiduciary duty and he has failed to meet the competence of the role he is in. That is why people are so down on him. Also whilst he is in role there is permanent damage to the share price as the releases and trust he even has a grasp on a situation or a document has been lost in the market. It is his fault what this news has done to the share price.

As long as Colin keeps his mouth shut we should be fine

@wadogara - agree but the actual verbal description was massively negative in the presentation. I thought he spoke to the points well but he has obviously lost control of the threads on trying to scale a business and it has blown up in his face at every periphery point possible. If it was an appraisal he’d be scoring baldly and put on notice. Without a “nut” contract a company like odx will struggle nevermind with the inept government at play. They may get nice contracts but they need to scale in volume to make any money.

Just listened to the presentation as have been busy all day. Wow - totally wrote off covid as a revenue. They have lost money on the venture and I don’t think they knew what to say today after finding out yesterday. One thing was true they spent too much time talking about the other lines. Investors do not want to listen to that - the market does not value their previous business and neither do most here. Other than the big bath the cfo has taken on the product lines the eluded to the fact that they had expensed the cost of development of the capability to produce DHSC test but held the £2m back in the balance sheet. If they are not going to produce the tests then they either need to give it back or release it in the period before year end. If it is still all quiet by year end then the treatment of that will be an interesting tell. I think the CFO has had a big impact on the messaging today. Colin advised the guy had picked it up quickly. Unfortunately this tells me that he does not recognise someone who are structured and business orientated handling simple concepts and information is just doing it simply. Colin obviously cannot do this. He cannot structure a contract. He cannot plan a path forward in light of a contract. He cannot run a supply chain given the excess, waste, expired material and excess material unit costs. Nor do I expect he can turn an organisation from this point. I fear he’s been bullied by the CFO as the quiet scientist into just smashing the prospects of this business in covid (real growth). Out his depth and capability.

They are carrying 500k in labour for the half year for the government contract - WTF?

So we are carrying the cost for the government ????

If government stop supplying tests and the private/ consumer sector start doing so price and quality will be a significant question. Ask yourself if you were buying a test would you pay for a crap Chinese one knowing you may get an false positive - going on holiday/ work/ etc etc or would you pay a few pounds more for one that works. Whilst the government haven’t done what most on here would think they should have done with odx I think the private market will be different. So we have very little of the public market so scale down doesn’t matter in real terms. When a more realistic view of cost is taken into account be it a business not wanting to lose a day production waiting for a pcr or a family not wanting to miss a holiday they have booked and paid for - IMO it will change and we are well placed if we can muster and exhibit some entrepreneurial and sales capabilities.

Still here ;p. A smaller holding than in days gone by but watching closely. A coiled spring or a damp squib - the next rns shall he decide. Oil going the right way and looking to be the plaything of opec for a while to come but companies like casp, if they can flow - will do well.

Has the visitect test been submitted for MHRA?

I would be surprised if it is a big red day - this is largely
Priced in now

£77m no debt, posting strong underlying performance, one time write down but not gone forever - absolute cash machine of a company at this price

I really struggle with the importance they give the HIV and intolerance testing. The share price is linked to covid testing. Those other tests are sleepy hollow and will not be significant to present share price. Needs to be clear information on covid products. This company are an exceptionally poor sales organisation and will have little ability to sell tests on their own IMO. The lower ranking that covid tests have been given in this statement should mean a hefty hit on price today because the market doesn’t care about their allergy and hiv tests during a pandemic.

I am concerned the “mass testing” phase may elapse before we can get a meaningful order. The decision to start vaccinating 12 year olds will also reduce the need for mass LFT further.

It’s all changing - offshore pinning pinned to be high multiples of billions value. I think the main thing is that all new energies will have a place. I also had a look at Getech and looks good coffee. Unfortunately still have some covid stocks that once they finish this years cycle I’ll be coming out of. Missed the last cycle which repeated the year before also - doh

BBC science page is constantly populated with deep sea mining for nodules. Demand met without the major environmental impact of the minerals

The pain the antibody test was feeling was that It did not measure the level of response - it appears that may not be true. Very positive statement IMO