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What happens if the placing gets voted down, will the SP bounce or go further south?
Have you bothered to read the article? It’s about scaling up labs.
UK-RTC will sign up to providing tests to the U.K. Gov on a first refusal basis, is my view.
But the article is about lab testing and the infrastructure required to set up a comprehensive network.
In simple terms; no
Anyone know anything about this test? It’s been distributed by the NHS in Birmingham.. finger prick test that’s packaged up with fortress diagnostics all over it
Bentley are owned by VW
Based on the Mologic timescales, from what I saw the timeline was 14 days, happy to be told otherwise?
Anticipate 14 days for CE mark and PHE validation
Dibs, the government have put the party together, they aren’t paying for it. They’re setting up distribution channels through Boots and Amazon, again, they aren’t doing this and stumping is the cash.
amazon and boots will be customers/distributors, at a socially responsible price to end user, in this case 66m brits.
How many brits are saying they want an antibody test? Millions. The government have told people not to buy (even banned the sale of, I believe?) the low quality Superdrug kits, and to wait for the gold standard... their approved kit.
It’s here. Don’t worry about government not paying for it, they never were anyway
BS. You can’t buy below 40p... yet
If it drops below 40p, the placing is doomed. the cost of borrowing £11m on commercial terms would be painful for existing holders.
only thing I can think of is a take over bid, but it’s unlikely to make anyone rich, if holders won’t take a placing at 40p.
Just a thought; but we were all slightly miffed about the speeding ticket we picked up, and the price drop back as a result. But, could the drop have been the start of a short on the company? it’s interesting that the SP drops on the DF news to the same low’s on the day of the speeding ticket.
maybe there has been a short, and this saw the closing off of it? Could be, and most likely am wrong, but just a thought?
Just tried to dummy sell £2k worth, NT for the last 5 mins
The placing isn’t to pay for the write down, but in the eyes of II’s, it’s my opinion that they’d want to see the commitment to spending money wisely, and I think the profit generated from UKRTC sales will show it as a good move.
We need to see incremental sales to really make money, as it’s quite clear we won’t get rich off UKRTC
7m goes a long way to filling the 8m R&D write down, not remove completely. Sorry, sent in a rush
Look at it another way; we know how much we’re committing to it from the placing allocation.
break the price to its lowest figure in the range, £1.. could be less, could be more, but let’s say £1 for nice round numbers.
£10m, after £3m costs.. left with £7m. covers the cost of the £8m write down of R&D.
just need to find a cash cow now
Email from Walbrook, asking for clarification on the commercialisation of the product, and they respond accordingly.
they replied and said ‘ this will be done on commercial terms, but with socially responsible pricing’. So, whilst we will make a few quid, don’t expect this to be the golden goose.
UKRTC will sell to Boots and Amazon, volume will be huge.. let’s say after cost, we’re left with £2-2.50 per kit, or am I being overly positive at that margin?
We’ve got DF, PHE will sign it off within 2 weeks, and CE Mark to follow.
slightly concerned about where the profitability is coming from; a lot rests of Mologic deal and other tests were working on. Gut feeling is UK-Gov will issue UKRTC with the license to produce for global use, subject to UK orders being filled as a priority.
question is, would a royalty be paid to UK-Gov, and other UKRTC members as part of any deal? would you be prepared to sacrifice 30-40% margin to be able to sell globally? assuming we can get signed orders globally (which I’m sure all UKRTC members will do) then it’s a yes for me, as long as we’re not subject to another placing to secure the funds to do so.
I’m amazed at this, I genuinely am.
I would say onwards and upwards, but I think we will go down before we see the momentum change
47.8p to sell. WTF?
He got us hit with a speeding ticket the last time he was bullish, can’t help but feel he’s not prepared to go into too much detail and risk another shoeing. Interesting to say that this is the UK Gov’s product, and it’s going to be controlled by them. doesn’t look like the UKRTC will be selling this off their own backs
49.80-50p spread suggests it’s either about to turn, or it’s not sure of the direction...