Member Info for CaptainSwag

"Actually we do ,in hospital a vulnerable patient could be given antibiotics where antivirals are required, so they are tested. Why guess ?"

OK - however
first we don't supply the NHS -
secondly it would not be in the numbers to justify the estimates of £700m income or whatever is being spouted

"Interesting point about Finncap target."

finncap have described the potential in the various sectors ODX are involved in but have not given a target -

from non objective report - quite probably paid for by ODX

""Given the lack of forecasts, we leave our target price also under review."

scharnhorst - i think we know the reason. nothing wrong with the tests - good products

lets hope the new CEO now has skin in the game in getting sales with his promotion. previously it seemed he was content to just draw his salary and cash in on pumped freebie shares

"would you say there's less demand now for lft's than this time last year,and are there more suppliers now available ?"

Wad at the moment in time I believe the demand is going down. the gov will no doubt do away with free tests as soon as they can - as they don't want to pay for it anymore . my suspicion is barring a new variant - June. The are reducing the need for testing in terms of travel etc. i don't believe people will pay themselves for tests on a large scale - so the rules will get moved more and more to less testing.

i suspect europe will follow suit. already case numbers were considerably down yesterday - though the weekend does skew numbers a bit so will be clearer tomorrow.

there are more and more tests out there and the prices are going to get super competitive - look at the prices of all the masks / anti bac gel that were stockpiled. compare todays price to last year. can odx compete with cheaper products?
furthermore whilst odx were pfaffing around other manufacturers took the available supplier contracts. how many existing contracts will be replaced by ODX especially if they are more expensive?

of course a new variant changes the game but in reality the chances are that further variants will be more transmissible but less severe. we dont test for flu and it will start to be treated more and more like this if variants get less severe

however odx could still make something out of this. i don't think it will be of the order they could have made with the gov contract - but compared to sales of non covid portfolio over the years - it will be an improvement. it should hopefully stop the placing discussions (the FACT from rns Monday last week 31/1/22)

"i.e. “…no immediate need to raise…” = medium/long term"

twatcher - it seems the english language is being re-written - I am trying to work out if maybe it is a translation issue because otherwise it is very deceitful. Very twitter "pro trader" style. you would think many shareholders have already been burnt by some notorious characters...........

immediate = md/long term
rumour = fact stated by ODX themselves in an RNS
no target price = 57p or something higher

and the more it is repeated ad nauseum multiple times a day - despite being pulled up on - the more true it becomes?

although by the look of almost 30 likes some on here got it first time ..lol

twatcher - i agree it is depressing to think that either 30 people on here have no clue or are willing to go along in hope of pumping up the price to get out.
i am heavily under water - as I sold some shares I will never get my money back completely. however my responsibility my bad. i don't want others to be deceived so i can get (some) of my money back

i am more positive on odx than I have been for a long time. however there is much work to be done by the company in terms of sales / communication and above all honesty/transparency

hashtag approval + capacity = no more excuses or blaming somebody else. time to deliver

max - is there a rumour? what rumour?

or are we talking about "THE FACT "?

you know the FACT in last Monday's RNS? Only a week ago

"notes the recent online speculation and CONFIRMS that IT IS IN discussions with certain investors and shareholders regarding a potential equity fundraising.

wolfie - yep defo like to see a contract with dam - happy for it to be exclusive for their spanish outlets and mexico - just not for territories they are not in!

I will rewrite . "The fact" that odx sought out parties and were still "in "discussions as recently as last Monday.

Twatcher - I would not waste your time. I have clearly pointed out numerous times that odx confirmed by RNs that they "are" in discussions as recently as last Monday.

I think the tactic is known as keep repeating a lie - eg it is a rumour - until people believe it ?

Odx may have decided against a placing...they had the opportunity to tell us last week. They didn't. Make of they what you will.

Hashtag a lie repeated does not become the truth

Trader..I skipped past her post. Did she say anything for once about the company?

Sorry stupid question...lol..forget it ...I am sure it was about other posters

I really don't get how something confirmed by odx in an RNs can repeatedly be called a "rumour" .
In English rumour means story of uncertain truth. I know trust in odx is low for some but come on..really ?????..lol

Siacko...I agree with you in that now approval is through any meaningful contract / sales and it will be undervalued. And it could be seriously undervalued.

There is no need to distort stuff...it is now up to odx to do the business. No excuses.

"Not to be trusted."

lol...this translates to "does not ramp and blatantly distort facts (to put it politely) " going by some posts on here.

However you are 100% correct not to trust anyone on a BB - just look at the "facts " they present and the opposite sides of the argument and make your own mind up

" it suggests to me that the company has little notion what the actual position is."

which is pretty much ODX throughout the whole contract until they had to be informed that it had actually expired a couple of months afterwards. Guess why I am not totally convinced when odx says it believes that it will not have to pay back the pre production payment.
the contract itself states very clearly the gov equipment cannot be used for non gov work.

it would be great if ODX have been notified otherwise - should've been RNS - and that RNS would certainly help SP. even though capacity does not necessarily translate to sales in ODX 's case

capacity plus approval = no excuses

siacko - it is definitely worth considering these paid for reports - because they can sometimes flesh out things. however you have to bear in mind that they are paid for normally by the company involved. There is a question mark on their objectivity. it doesn't help that the targets they supply are almost never attained.

the thing is here finncap have described the potential in the various sectors ODX are involved in but have not given a target - which is strange.

if they had said target price Xp then that would be one thing but they have in fact stated

""Given the lack of forecasts, we leave our target price also under review."

quotes from finncap

""Given the lack of forecasts, we leave our target price also under review."

"This research cannot be classified as objective under finnCap Ltd research policy. "

definitely worth reading but in context and accurately /truthfully

"TW will have been following ODX for a very long time. So his rumour articles were very planned.

etc - the "rumour" was proved true and defo not planned by TW ...

the TW scoop was dated Friday 28/1/22
ODX confirmed " they are in discussions " on Monday 31/1/22

no myth. no diabolical plan..lol
it was confirmed only a week ago by the company itself...

they had the opportunity to advise they had put their "active" discussions as of the beginning of last week on hold due to the good news of the eu approval...they chose not to.

hashtag check facts

quote from finncap

""Given the lack of forecasts, we leave our target price also under review."

no target price given

"There is not going to be any funding raising at present."

no news today of any placing that we know they were in discussions about as of last Monday (see RNS) is good. If it is the same at the end of the week I for one will feel a lot more comfortable

firstly these kind of reports are usually paid for by the company themselves
if you read the disclaimers

"A marketing communication under FCA Rules, this document has not been prepared in accordance with legal
requirements designed to promote the independence of investment research and is not subject to any
prohibition on dealing ahead of the dissemination of investment research.

This research cannot be classified as objective under finnCap Ltd research policy. Visit www.finncap.com"

the finncap note reported the share price at 40p and a market cap of £73m as of 25/11/21. Actually this was incorrect because that was the date that colin released the half year report and the SP opened at 35p (I remember because I sold half my holding) and crashed to close at 29p ish and a market cap of around £53m. They clearly used the previous day close and not the opening price on the day. So already as this report came out the picture had significantly changed as far as the market was concerned

finncap report the poor sales made by ODX and then extrapolate in the future this a COULD be worth £xm. ummmmm. The thing is that we know it is a good portfolio and I have no doubt those kind of numbers could be realised. The trouble is ODX have never shown any sign of any ability of transferring potential to sales.

interestingly i think realistically they agree as despite discussing the potential market they then close with the following

"Given the lack of forecasts, we leave our target price also under review."

In my experience it is unusual for an investment report to not give a target price - even though they always never ever get hit.
the fact that finncap haven't even provided a "guess" shows that they do not have a clue how much ODX can monetise their portfolio

Now that they have EU approval has been granted there is no ore hiding behind "everybody else's fault" - ODX need to step up to the mark and deliver