SP24 Nov 2020 13:56
As a previous massive holder (for me) £27k now down to £4k selling as the price as dropped I think we need to take stock of where we are here.
Undoubtedly the appearance of vaccines, with probably more to come , plus the tweaking of the current ones has had and will continue to have a detrimental effect on the SP. No one is saying that testing will not be needed in the future unfortunately not as much. Two months ago everybody thought a vaccine wouldn`t be here until next summer at the earliest well its arrived 6 months earlier than thought.
Two months ago I believed (probably like most on here) that testing would be the way out not vaccine as that was to far in the future. Now the position has most definately reversed and this is reflected in the rapidly spiralling downward SP.
Peeps on here might berate this message with their test, test and test mantra but now its 90% about the vaccine. That unfortunately drives the SP whether we like it or not.
The other thing that`s changed massively is sentiment in that in April/May when I got into this the board was massively positive with £3, 5 etc by next month, that was the time for those type of rises as covid testing was the darling of AIM.
I`m afraid ODX has missed the boat here for a number of reasons sentiment, timing, approvals, being in bed with the govt (which was assumed then to be a good thing), gold standard test alone should double the price etc have effected the SP in a very disappointing way. Should be £1.50 now but whatever way you look at it it isn`t and is unlikely to be anytime soon.