Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Topped up a few hundred extra today, should be an update with AGM on Thursday, hopefully more good news.
Where did you visit?
I also think, going off the results and future potential as a company, there may well be more money from institutional investors.
Solid set of results, and profit, which includes costs regarding Torotel integration and other new factories, good order book, and virolens yet to come. There are still billions not vaccinated yet, it will take years, so only way to guarantee no transmission is through testing. Any news on other regions giving license for these machines will push up share price, 6 more months could be worth the wait.
On a positive note, the longer it is before we get news, hopefully the better the news that will be!
What we do know is TT took on an extra 100 staff for these machines, I'm expecting the news to be very good! Patience is the name if the game...
"Each disposable test cartridge contains multiple sensors and a unique QR code which is linked to the user's cell phone or another connected device. "
How much will these disposable cartridges cost with multiple sensors??? Multiply by thousands per week? I do think they will be more suitable for small numbers, however Virolens will probably be far cheaper per test.
Obviously the trading update is for past 3 months, so very little trades done regarding Virolens (financially) what we want to know is the orders for this machine and the value of those orders. I have no doubt that question will be asked today.
https://www.hartlepoolmail.co.uk/business/hartlepool-electronics-firm-set-to-create-100-new-jobs-as-it-steps-up-production-of-groundbreaking-covid-19-testing-machine-3221063
£4 million investment and double workforce from 100 to 200 to manufacture Virolens covid test machines, the orders must be phenomenal!!!
visit from from chancellor.
Chancellor Sunak said: “I was delighted to visit TT Electronics to see the excellent work they are doing, particularly on the Covid-19 testing device, Virolens.”
you can bet the government will be waving the British flag at this achievement....hopefully along with some big orders.
recent Berenberg price prediction of 285p does not include virolens!!! I really do expect this share price to double over the next 12 months.
Oogle, That is correct, the 185p price upgrade does not include Virolens. I think people will have to turn up earlier to venues to get tested, it can then be put on a phone app of some sort as proof. And those buying multiple machines will no doubt get a discount. They may even start renting or a separate company buying in bulk, then renting them. Either way Covid will be here for a long time and this machine is the best on the market. AGM 13th May.
Oogle, the points I picked up on is the accuracy, more accurate than anything out there, 1/5th cheaper than other tests per test, 25 already supplied, these will be samples to generate sales. Lets say stadium 60,000 capacity, 3 (min) x 60 (1hr) x 2(2hr time before kick-off/concert etc) = 360 test per machine x 2000 machines = 72000. venue charges £2 extra for test (£6/test) - 2hr x £15 labour) = £690 profit/day. 22 open days to pay for machine, back open for business, and after initial period making a profit of £1,380,000 per day on £2 mark up. £30,000,000 outlay assuming £15k/machine. that is just one venue! How many venues, airports, universities, train stations, cruise liners, work places around the world? Imagine if TT only made just £2,000 profit per machine......
Graphcore and Starling will be worth many times they are now post IPO. My other big investment is NNO Nano One Materisls Corporation, an under the radar green investment, this is my other long term hold.
Sounds good, I will check them out, without trying to sound ramping, I think the CHRY share price will shoot up a bit after the capital raise, that is what happened with GROW. Companies like these are the only way to invest into these companies prior to IPO.
Cazoo has already got competition and many car retailers are adopting the internet and doing deliveries, although Cazoo is non retail, they are buying up retail outlets. The car industry works on very small margins and the products depreciate very quickly, the big players are selling thousands more cars than Cazoo and are valued at a fraction of the price. However if he can pull off a multi £billion IPO, then the problems maybe someone else's down the line. That aside GROW has investments in lots of great companies, which attracted me in the first place. However I will sit back on GROW until after IPO.
I pulled out of GROW, great company, not sure about CAZOO, sounds like all hype and little substance. Although just part of investment portfolio, still a sizable chunk if it goes sideways.
Anyone entitled to do so could sell their existing shares at a profit and get new ones at 205, I am assuming
That is less than 3% of population. It was worse than that here before covid.
15/01/2021 JPMORGAN RAISES WORKSPACE GROUP PRICE TARGET TO 855 (820) PENCE - 'OVERWEIGHT'
Have you a link?