Member Info for ChasPB

Can a "Antibody" test also tell if you have the Virus now?

Otherwise why would any employer/company/airline want to know historic data when trying to evaluate risks going forward?

Surely they would want Quick Resulting Antigen tests

Also company/insurance would be open to legal action if somebody caught and died at work if the wrong test was done???

TEST, TEST and TEST

Hopefully 8m tests (at least for May) = £70m going into Bank this month.
[Better than most FTSE 100 / 250 Companies at the moment]

News due soon

GLA

Todays figures are: UK 2,013 New Cases & 412 New Deaths

Test, Test, and Test again

For those who haven’t seen it, late RNS Last night

And Monday is a Bank Holiday in France. Tuesday then???

And look at Harley street ... £315 per test (at your home or place of work)

FRANCE SURGING UP - +10.15% (€3.69)

Very quick 3% rise

We still have Central and South America, Africa, and most of Asia on our customer Radar.

Also I feel USA and Canada nay need us.

But a "passing" comment on Al Jazeer interview at the weekend was that the Oil Rich Middle East countries, once they've sorted themselves out may well "stock pile" millions of test/kits in case of 2nd/3rd wave

France dancing around - UP +6.25% at the moment

As mentioned in Results RNS ...

" High throughput COVID-19 tests will be available in bulk format with each kit containing 1,536 tests for use in 384 well format instead of the smaller 96 well plate format. This product will be very helpful for large high-throughput clinical laboratories and will launch in June 2020. "

What if Egypt bought 40,000 kits x 1,536 tests = 61,440,000.

Wonder if these are still in £8.70 - £9.00 price range?

As he bought some shares last week, I would assume all is ok with him.

I wondered if he was just trying to put a little "Time" distance between his share purchase and a Sales/Orders RNS, in case people put 2+2 = 5, (perhaps there is even a rule for information being disclosed after a Directors purchase?)

Don’t forget we are a Global company. Can’t see the 2 Billion people in Africa , or 2 Billion in South America, or 2 Billion in India & Pakistan having home tests. In fact 99.9% haven’t been tested yet.

They all need there Governments to Purchase and Roll out a testing plan.

agreed, GLOBAL distribution and customer base.

Although I very much doubt this is seasonal/weather related:
Don't forget as Summer approaches the Northern Hemisphere, Winter is approaching the Southern Hemisphere.
Therefore we have an "all year/all world" needing continuing testing.

I've read that AIM is good until you get to say £500m-£1bn size company and then perhaps one should question the management as to why they have not 'upgraded'... FTSE stocks are followed far more widely, reported in daily newspapers and also certain large investment groups e.g. pension funds are prohibited from investing in AIM etc...

From Handymans (Many thx) post at 20:20 last night, in case some of you haven't seen it yet.

Hi .........

Thank you for your email, I have recently joined Novacyt. You are correct we have been manufacturing to keep up with the demand for these test. However after the great work by our team we have solidified our supply chain and we have greatly increased our manufacturing capacity, where we are now at a point where we can not only keep up with our current global customer demand, but we are also able to produce even more kits moving forward. This gives Novacyt the opportunity to actively recruit new customers and fulfill any additional requests for COVID-19 tests globally.
We are aware that some other manufacturers are having issues with keeping up with demand, therefore if anyone is looking for test kits to add to this much needed global requirement, it is very likely we are in a position to help them.
We are anticipating there will be a great need for these tests going forward for many months - throughout 2020-2021, therefore we are proactively looking to support new and existing global customers as their demand increases.

If you have any further questions please feel free to contact me.

Kind Regards

Chris Harris, very interesting post, thx

One question I have wondered about:
Is the £9m Bank Balance in April “Change” after we have spent £10m, or £20m on Raw Materials, for the tests we have produced in Mar/Apr and about to produce in May?

We are now producing 4m tests from this month (1/2 way through) and 10m from June (2 weeks away), therefore i'm guessing we have already purchased enough Raw Materials to cover this and some of the following months.

Anybody have an idea how much we may have already spent of these Raw Materials?

p.s. we still have £9m change in our bank account, with much, much more to add in the coming weeks.

If we have £9m in the bank a/c as at 30/Apr, does that mean we have already spent £10m, or £20m or £30m already on raw materials and resources.

Therefore the £35m (for May) will be ours, and I suppose the Tax Mans only.

Mkt Cap £232m = Income Revenue up to 31st July

Adding Cash in Bank + May's Income + June's Income + July's Income should overtake current Market Cap

Wonder what the Market Capwill do with the remaining 5 months x £90m until year end

So, we are banking £35m in next few weeks from our 4m tests being produced this month. - Brilliant
Not many FTSE100 companies doing that this month!!!

Then hopefully £90m from next month, not many FTSE100 companies going to do that!!!

Also article in Times newspaper today
https://www.thetimes.co.uk/article/bumper-year-ahead-for-firm-selling-covid-tests-to-the-nhs-ld60bnmns