Member Info for Could_do_better

Narada - Just to let you know you are not alone. I first bought on 03/02/2015 @ 409.67p! Like you I had seen the drop from £16 and thought what's not to like, especially as we are always going to need oil, right? I also bought into the RI and at one point back in March 2020 I was 82% down! I've never lost faith (although it was severely tested at times), never sold a share and have added well over 20 times since that first buy. I'm currently 97% up and have no intention of selling at the moment. Possibly not the best long term investment strategy and averaging down can sometimes appear to be a little foolish (and test your resolve) but my patience appears to be rewarding me at the moment. Long may it and the rising SP continue. To be honest if it had not been for reading some of the detailed information and analysis on here over the last 18 months I probably would never have had the nerve to repeatedly average down, as low as 8.38p. Some of the more informed comments on here gave me the faith to hold. Fingers crossed the worst is behind us PIs and TLW for now.

I agree an excellent article and one that has raised many of the questions that I have pondered over the last 18 months and why I was rather late investing in this area.

LFTs may be cheaper than PCR but are either cheap enough for the general public to buy and use whenever they need them? If the plan is for them to be used regularly to detect multiple conditions so they can protect others, will the government or employers provide them FOC? I doubt someone on a ‘lower income’ would pay out of their own pocket for such devices and if found to be positive, stay at home with no income or on SSP? If I was in that position I doubt I would or could afford to.

The cost of tests both PCR and LFT need to be minimal in order to be widely used by the public at their own expense. Look at flying at the moment, a couple of private PCR tests to travel to a green listed country can be £100-200. I would say that is far too much for many, especially when I believe you could potentially get flights before the pandemic for less than the price of the tests!

They made a comment about the cost to prevent loss of life. Is anyone going to review the total cost of all the measures taken to protect people and calculate how many lives they think it may have saved? Be interesting to see what figure they would come up with and if that could be used by NICE to approve any future medication/treatment costs for other health issues!

This whole industry will ultimately turn on its price point. At some point this technology will have to justify itself as being value for money compared to everything else in the health sector. I really hope these companies will flourish and start making a healthy return soon because I'm invested here and elsewhere. Their need long term is not in doubt, I'm just a little concerned about their affordability, which isn't helped by the fact that much of the financial data relating to many companies in the sector appears to be either unknown or not currently freely available and so a lot of guesswork and conjecture appears to be used.

Only my views of course but I have been following multiple boards on here for some time and it's a general conclusion that I have come to regarding this and similar companies in this sector.

Hi all,
First post on here although I've been following various BBs since I started investing with HL in Jan 15 but I've never dared to comment before, so be gentle with any replies please?

I just want to make a general comment about the testing issue. To be honest I think the government has a point. At the moment the overall cost of testing may well be considered too high for many to add onto the cost of overseas travel/holidays. Perhaps flagging it up now is really a signal for the whole travel, holiday, aircraft, airport, insurance industry to look at how they might be able to work together to remove cost out of the process of providing adequate testing provision. I don't think the issue is simply a case of cut the cost of test kits. Perhaps the provision should be viewed as a 'loss leader' to try and get all those industries up and running again.

And just to add yes I'm invested here and have been for 12 months.