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Open looks strong enough, I'm seeing -5.47% though.
This share, seriously. Fire the MM.
Looksies:
https://ibb.co/gW77ptz
We get that, you're missing what we're saying.
Broker platforms nearly all showed 320p -7.8% this morning.
Now changed to 320p - 6.25% (300p)
Real close yesterday was 296.52
Open this morning is actually looking up, but it looks like a shake. Total mess.
Yeah it's dirty. You have a proper rally for 4 days with lots of new investors and then you scare the pants off them with a fake 7.8% open.
I'm still getting 320p, with a -7.81% open!
Which is basically 295p, close to the real close yesterday at 296.52p.
Looks bad though, what a mess.
Owen Paterson handed that contract to Randox on the fly months ago and now it's left care homes in limbo. They probably have a new supplier/s lined up already. Government will put out some news on that soon no doubt. Wouldn't be surprised if they put something out over the weekend on that.
And they managed to get saliva, mobile, antibody and rapid testing done without a placing. Various trials and paying for marketing and new staff globally.
Still had cash in bank. Must be making an absolute killing. Debt free too, with lenders cleared out.
Not really interested in that stuff. We want to know what they’ve become, and personally I suspect they’ve grown and a re-rate will follow once the market is updated.
@ 9inch That was my angle for a while too. Seemed logical to me that the market would be flooded with loads of tests and people would be tested everywhere and anywhere.
Truth couldn't be any farther from that. Testing is a complete sideshow. US labs have a 9 day backlog. UK care homes have a 5 week wait for supplies. Lots of seemingly innovative tests are taking much longer than anticipated to get approval let alone actually hit the market.
Foreign markets are a disaster - India suspended most Elisa style tests last week, and the same story is happening all over Europe.
False positives are a common theme and entire offices have been shut down over them, only to find out everything was fine all along. Huge costs to deep cleaning (speaking anecdotally there, I've seen it first hand just two weeks back).
22 billion is the size of the PCR market says Homeland Security analysts, and testing will continue into 2025. And that 22 billion is the lower end of the market where a good vaccine happens and actually provides some help. Worst case scenario the numbers are even higher.
29th April & 2nd June were the two specific sales updates. (Rest were mandatory, Annual and Half-Yearly results.)
We're basically 3 months dry on a solid detailed sales update. Looking back now, today the 29th, to August the 3rd would be likely candidates. I think we're about to get hit with something big.
Hope so anyway, just been too long, and that last RNS was a shocker. Maybe that's their style now, do massive shocking updates.
Been bloody ages since we had a proper update. Quick look at the last one and the direction things were heading:
£40 mill sales in June
Tender won in Zimbabwe (they say it was competitive there, so we know they're not shy and will be gunning for UK share)
US sales contracts, which they say they'll update us with (been a while though!)
UK & Germany biggest markets at that time
Regulatory approvals confirmed in 19 more countries back in June
Already selling into 130 countries back in June
Since then we got new products, tenders and contracts. On top of that infections are way worse than anyone expected globally with constant flare ups in countries that thought they'd beat it.
Update time Mr. Mullis!
Previous update 2nd June:
Sales
As of 1 June 2020, sales of the Primerdesign COVID-19 test are €45 million (£40 million). In addition, Primerdesign has received orders for, or been contracted to deliver, a further €90 million (£80 million) of its COVID-19 test. Therefore, currently the total sales and confirmed orders are €135 million (£120 million).
During the second half of the year, additional COVID-19 related sales are expected from the Company's new products, Exsig™ Direct and Exsig™ Mag, and from the Company's mobile testing solution (see further detail below).
Novacyt is now selling its COVID-19 test into more than 130 countries, with the top two countries being the UK and Germany. Novacyt is also pleased with the progress it is making in the US market and expects to update the market in due course.
Zimbabwe tender win
Following completion of a formal evaluation of the Primerdesign COVID-19 test by the Medicines Control Authority of Zimbabwe and a successful tender process, Zimbabwe's Ministry of Health and Child Care has awarded Primerdesign with a contract for the supply of 1.5 million tests. Outside the UK, this is the largest contract secured by Novacyt to date. The initial purchase order for the first 500,000 tests has been received and will be shipped immediately. The remaining one million tests will be shipped over the coming weeks.
Amazing how London still holding strong though, it's so dense you'd expect more flare ups. Seems to buck the trend..
Contracts showing lengths into 2021 will be the next stage in covid stock growth. The last contract we heard about with NCYT for example was a 6 month one with the NHS. That's half way through now at least. We really need a big update on this area.
The market sort of suspects things are going the right way, and Nova have said a couple of contracts were extended already, one going into 2021, but what are they exactly..
@IanHarding
Do they do that in practise. Take a short position as a hedge on the same stock they also hold a long position on?
Oh yeah, didn't think of that. Been suspected for ages now that Thermo is our OEM partner, and here PrimerDesign are plugging their kit...
The Jack Taylor videos!
Finally!
Wonder if this is the whole set, or has he got a bunch of other stuff coming out. These look clean and modern. Really nice.
Spotted it yesterday Balanced. Not sure if it's just semantics. Either way it's interesting, and I'd probably lean on us being still in the first wave if I had to call it myself.
Really just feels like we stamped out a few spots of fire while it spread everywhere else around us globally.
Also wondering if the trajectory of this thing could be way different that we think it is now.
Imagining a situation where we were in the early throws of a weaker version of the virus which is later to mutate into something even stronger, killing 10's of millions over the next 5 years or so. If that situation was to ever happen in our history, you wouldn't actually know it in the early stages.
I think from that perspective, or preparing for the worst. We need to use this pandemic to set up a global harmonised pandemic strategy.
And @ troublesome posted this earlier too:
https://metro.co.uk/2020/07/30/trump-aid-herman-cain-who-said-people-fed-face-masks-dies-coronavirus-13060575/
Huge Republican figure taken out by a spot of Darwinism. Maybe it'll make the American right wake up a bit and sort their testing out. Either that or they'll simply go back to calling it a hoax / blaming China / assuming Herman Cain didn't actually die of anything to do with CV-19
@ Usain Screw it, whatever, technical 5 day streak it is!
On to 6!
Ah no never mind I'm talking balls. Auction closed 4:35. Price hasn't reverted back. You guys are right.
That's weird. Really big gap between close and UT, over 20p, like around 6%.
Definitely some big moves happening in background right now..
Will give it a few more mins. Think auction runs to 5