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Good morning Stegood, Innova will single handedly be able to keep up with the demand in the short term.
Let’s not forget the new track & trace programme in Liverpool is just a trial, expected to last between 2 - 4 weeks.
The data will need to be analysed after the trial period, and further trials imo will then be rolled out, using the Innova product.
There will be no need for other companies products until well into the New Year imo, if at all.
The Governements ‘target’ of 10 million tests a day is a long way off where we are today. Bear in mind it is just a target, these numbers will not get hit over night.
This is such a serious issue, the governments previous attempt at track & trace launched over 5 months ago is still not functioning as efficiently as they would like. ....... shows how long these things take.
Government will make sure this time these new trials of track and trace are rolled our slowly and accurately imo.
I would describe an investor who continually bashes a company in which they hold shares (if they do) has numerous opportunities to sell at a higher price and buy back lowering their average, but doesn’t, instead continuing on a daily basis to **** the company and its board members off as a mug ........... now I wonder who that could be, any ideas Smithy ! ;-)
Laughing at you Smithy, your comments are childish and pathetic ! ;-)
The recent rise the past week, from 2.2p, was on the back of a possible U.K. government contract for the new test & trace campaign they have just launched.
I don’t necessarily believe it was a pump and dump, there was a genuine reason for the rise.
Unfortunately the government signed a contract with Innova, we have no involvement. Therefore expecting a re-trace back to the level we were pre the rise based on a U.K. government contract, 2.2p, why won’t it re-trace. Common sense tells us it most likely will
Call the FCA smithy, NOW ;-)
Good morning Stuarthone, the Government have signed a contract with Innova, unfortunately nothing to do with CTEA.
Also, I can not believe the naive posts praising yesterday’s Afrik-ID update. Our products have been on trial for 4 months and If we read back through the RNS’s CTEA were expecting to negotiate commercial terms after this period. The trial has finished and all that has come from it is a MOU ..... ... this is not a legally binding contract. In other words, four months on and no immediate need for our product.
I am not saying CTEA will not do well longer term, but short term this is not looking good.
Government 10m a day mass testing will take months to reach those kind of numbers imo, therefore Innova only company getting involved short term.
There was a chance this could multibag from 3p - 6p imo on news of a U.K. government contract for the new recent efforts being made by our government to increase testing. And to be fair the SP was gaining momentum nicely until yesterday’s news confirmed the government had signed a contract with Innova. No connection to BHA / CTEA Unfortunately.
Good evening Radika, I am hoping all of us invested here will soon have a meaningful update from the company in regards to the App, delivery side of the business.
Smithy, has you asked Aidan to keep in touch with you daily with the restaurant count as Spero will no longer do this for you ;-)
Smithy will miss you dearly Spero .......... who is going to do the counting for him now ! ??
Best of luck Spero ..... . A good honest post.
You were one of the few decent contributors to the BB that added value.
The current SP is frustrating, that cannot be denied.
I would have liked progress to have been much quicker than it is, and communication much clearer.
The communication side in regards to the App and delivery side of the business is poor !
Wish you well, hopefully you’ll be keeping an eye on the share and may rejoin us in the future.
Natham, a week ago you were shouting pump & dump were you not. That would have been an attempt at the time to lower the SP, imo. You have clearly bought in since and ‘turned’ positive. A dangerous poster imo. If you read my posting history you will clearly see my belief in the potential of the company, especially due to Brexit, and not just Covid specific. There are too many posters that spout nonsense on these boards, of which I believe you are one. Investors should be able to engage in sensible conversation and discuss a companies potential, short term / mid / and long term. I have stated my beliefs short term and happy to discuss in sensible conversation. ....... unfortunately you clearly don’t have the capacity and prefer to throw childish accusations around. Successful investing is having an open mind, willing to change opinion on current situation and not forgetting how sentiment can have such an affect. No need to reply if looking for engagement with me.
May I just add for clarity, I believe CTEA has a bright future, and the system they have with the JV with BHA could do very well. Unfortunately the recent rise, which has been quite considerably, was based on an imminent U.K. government contract. It appears there will not be one imminently and this in turn will, imo, give good reason for sellers who bought in on the hope of such a contract. I believe because of this sentiment will soon change here which will have a negative effect on the SP
Good morning Weathergeek, i agree wholeheartedly the U.K. government will not be able to meet the target of 10m tests a day by being supplied by one company. I am of the opinion, as are you, that more than one companies product is needed to achieve mass roll out quickly. However, to date the U.K. government hasn’t hit any of the targets which they themselves have set, and unfortunately I do not see an immediate change. There have been many decisions the government have made that didn’t align with ‘common sense’ imo. 10m tests a day will not be hit this year imo.
Selling due to news that the U.K. government has chosen to use the Innova test system ......... unfortunately this has no connection to CTEA / BHA.
Recent buys the past week or so due to hope the U.K. Governments mass roll out of track and trace may result in a contract for CTEA ...... hopes of this now fading sadly.
SP was 2.2 - 2.3 before the recent rise, can see this dropping back to those levels now, only reason SP rose so strongly the past week due to hope of a government contract .
Good morning Spero, appreciate the info. I am eagerly awaiting for the new app to be fully functional on i-phone. It would be a good exercise to order a takeaway and when delivered ask the driver which company they work for.
Natham, having an avg higher than the current sell price is irrelevant if you believe what you have written.
If this is just a pump and dump as you state, you can sell now and buy back in lower ......
Please also could you elaborate how my post constitutes having not done any research.
Sell then Nathan ........ why ‘holding strong’ if you believe what you’ve written
Haven’t been able to buy here the past few days without going to NT ....... indicates very little free stock. I have noticed some decent buys going through though the past few days, and again this morning.
I think news on its way, and positive.
Same thing happened here prior to previous RNS ......
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