The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
We can but dream. I know what management team is more appealing!!
Merry Christmas all LTH's.
Even a BLUE finish would be a good early Chrimbo present
DAM would not be at the Top of my list of Aquisitions - ABX would be.
Capt I personally wouldn't be surprised if a placing was required a VC would buy in with the aim of quick expansion via acquisition. They definitely would replace Colin with a strong leader and their man. Cheap easy play a with low takeover price. It might be stimulated with EU HUA.
Before you criticise I've been part of this strategy twice on my career and it was hard work but very effective.
Not a lot - he's Conservative!!!
Levs: read the whole article and dont just post one element. Hospitals may still be overwhelmed with the sheer number of cases.
https://www.bbc.co.uk/news/health-59758784
In answer to your question Coshy: the question is what has the Government got to gain from removing tge equipment and what will they do with it. I would also suggest that if they want to recover their investment then it is the only real bargaining chip they have. Clearly contractually they can request it back but phase 2 of the contract was the mechanism to make the repayment for phase 1.
Jimi - with phase 2 not enacted it is a very grey area as ODX would not have made a single payment towards the repayment for the equipment.
Right now my hopes lie with approvals and more orders.
Okehurst : Omega knowing they have the £17M of kit they can use as security with the bank ? Bank excepted in principle?
As much as i wouldlike to say thats achievable it really isnt. As far as we are aware Title and ownership remains with the Government and the banks would definately not consider any type of loan.
personally i think we can forget about the cash until the end of Q3. At which point lets hope ODX have been paid the bad debt of £650K, approvals and money from Po's.
MIK -The £2.5M is the start up costs for the contract (extension, staffing, installation etc ect). The machines are valued at £17M.
It's the weekend. You are playing into the hands of those that plague the BB. I fir one hope this ends well for all the LTH but am realistic - its AIM !!!
Asher/Capt - agreed. We already knew the contract was dead and as I pointed out post the results the best outcome would be to treat the £2.5M as a Covid loan. I also think that a good negotiation could reduce this amount based on exit costs to the contract. The Government have no use for the equipment and best case would be to pay a lease price based on unit production as per the contract.
Can't see this rising much beyond d 50p even after approvals unless a juicy EU HUA contract is landed also.
Have a good weekend all.
Regulator I would go one step further. I would be charging them rent for the floor space based upon market rentable spaces as that has become a premium. I would also back date it from the point is was commissioned.
So now thats formalised what was already disclosed. We can now move on. Use the supposed £2M debt to push for CDTA Approval and leverage to use the £17M equipment. I would not use the Gimmy Kranky now and antagonise the situation. Clear thinking and approvals are what is needed now not knee jerk reactions.
So did you sell and make your £300 Capt?
It goes from bad to worse as even his stable is blown down by storm Arwen
https://www.bbc.co.uk/news/uk-england-hampshire-59444912
I guess the joke somewhat missed the mark when you have to Google Crossroads!!
Does Switch2 remind you of anyone - little clue Twatcher?
I was more thinking about the early findings of the Omicron virus being less deadly and the maturity of the virus finding a level where it isn't killing its host.