RE: Valuation - share price18 Mar 2021 13:23
gcm - in my opinion the contract will be for the whole amount £374m. The gov is in overdrive on LFT and there is not enough uk capacity. ODX as a chosen supplier will need to provide all they can. i would not be surprised for additional contracts in new tax year. that was why the rns was non sensical and frustrating.
one can argue how much will be profit - even if half that is equivalent to mcap at sp of £1. the company have other tests and contracts presumably in pipe line. if they invest the revenue on forward plans you then have to factor p/e ratio.