RE: Full broker report link17 Oct 2020 11:53
"In a blue sky scenario, where the second phase of the DHSC hospital testing contract was exercised in full to its maximum, the total value of the contract could range as high as £850m, which would potentially drive our 2021 revenue forecasts above 1bn at the top end of the range. We see such a scenario as possible given the implicit demand for testing and Novacyt's track record of delivery, and factor this into our valuation with a 10% weighting"