Member Info for GreggsStottie

ODX are scaling up...and have confirmed a lot by RNS... just read the RNS tab above.

We ard a on track for April sales of 2m tests a month.

They have been producing 500,000 per week for a few months now and this has now, we think, increased to 900,000 as of Jan in line with the plan.

I can only presume that the LFT's already produced are being collated in government storage awaiting roll out. If the Govt want 2m per day then stockpiling for several months prior will help achieve that aim within UK manufacturing. ODX would not increase staffing to 120 already if they weren't producing and selling everything they can make....you don't supply to an order without payment/invoicing so I suspect ODX are not telling us yet. A business relies on cashflow to run...yes we have some cash and a financing facility, but I just cant see us stockpiling it in a warehouse without any orders/invoicing. That's not how business works.

Looking forward to Bojo's Monday update + TT incoming + confirmation of orders incoming....

Its just a matter of patience now. Limited downside, but still some serious upside imo.

All the best holders.

I like the recent tweet https://twitter.com/OmegaDiagnostic/status/1360220613915381763

"As part of the contract , DHFC will loan a number of key pieces of manufacturing equipment"...........

If you cant see what is coming then you need to put your money in the bank, or premium bonds. Anyone shorting will get burned imo....yes, it is frustrating to be at or around 80p. But I look forward to the rerate impending...

Ok, why would the government give loan equipment to ODX?

1. To sit there gathering dust?
2. As free storage until its needed?
3. Because they want to use budgets up before the end of the tax year?
4. Bojo's mate Hand**** thinks his neighbors Auntie has a friend that thinks its a good idea?

The govt have loaned equipment to ODX so they can produce millions of LFT's from April 2021. Pure and simple.

ODX will have assurances of orders, they might not have cast iron contracts yet, but they will come. In order for orders to come ODX need to gain TT. Not sure why many here cant see the woods for the trees.

If you can buy, buy. If you need the cash, sell. If you can wait, wait. I know I wont make any difference to the SP, its just my opinion, but lordy lord its free money at this price.....

Make your own minds up, don't believe me or anyone else. Look at the facts and then make your decision.

I will be buying more when I can.

ODX are in a great position - they can produce ANY test they want. All they need is TT.

https://www.pinsentmasons.com/out-law/guides/the-model-code-on-share-dealing

Quite a useful doc as to when directors can sell shares.

All directors will be in the same boat as you or I, in that they have to follow the individual tax rules...
https://www.investmentguide.co.uk/capital-gains-tax-30-day-rule/

ATB

I agree Staebright...share optiins are an incentive. To be used to celebrate success.

At least we know whg the sp dropped last week!!! Onwards and upwards.

MIKODX posted.....

BOOM BOOM09 Feb 2021 15:30

£1 has been breached. Now for the next leg up.

BOOM

I think you have 3rd person syndrome!!!!!! Do you think its going up or going down? Depends on which way you want to trade it I guess...do you think people cant see through you Mikodx??? Its really easy to see your posting history...

MIKODX, if you can see this rerating in the next few months then you must mad. So much news to come. Once TT is established and the cash is rolling in I think you will have egg on your face.

There are always going to be setbacks in business. Thats life. You get over them, dust yourself off and get on with progressing the business. Thats what Colin and the team have done.

Just 6 weeks to wait for the proper lift off in sp...but it is coming, to think otherwise is "short"sighted.

Once revenues are inbound, the COPD P3 trial will begin....that was valued at £5 a share.

Amazing what uses a broad spectrum anti viral can bring to the table for a major. I would love for SNG to get that far down the track with the COPD P3 before being sold.

Tomorrow's opening price matters not one jot to me and most long term holders. We are here for the eventual sale.

I research as much as possible, and am grateful to many on this board for sharing info. We have a great opportunity to be in a share that can transform lives...both medically and financially.

So much news to come over the next 3 months...the Activ2 inclusion, potential for EUA and phase 3 all kicking off, mean we have a perfect storm of activity that coukd really propell the sp.

So opening price can be what it likes tomorrow or any time, whats important is will you be holding when thd rerate comes...? I will.

I think everything depends on your timescale and perspective.

For me, I am happy to wait for the rerate. If it drops I will buy more. If it goes up I will buy more.....in 6 months this should be over £2, but hopefully more. Where else can you get a risk free B1G2 or 3 free. Maybe even 5 free.

It would be very pleasing to get to £5....but i am happy to wait.

GL all...

£1,000 Margin per Treatment
200000 Treatments per month (Think the company have said 100,000 treatments per month may be able to up availability)
£2,400,000,000 Profit per annum (£1.2bn on 100,000 treatments)
6 PE Ratio (PE could be higher and up to 10???, However 6xPE sensible low?)
£18,000,000,000 Market Cap (£9bn mkt cap potential)
Shares in issue: 200m
£90.04 Target SP (£45.02)

To be fair, on the number of shares I have I would take £25 and run for the hills...lol

Plenty of upside here once P3 trials and US Activ-2 trials are concluded.

All the best....

Wow can only help prevent 4% of people dying in hospital.....sounds pretty poor imo...

Brilliant news today, well done all. Its not as if we didnt know it was coming...Colin has done it again!!!

How can peopke have missed this...the stock market is sometimes wrong....glad to have spotted this last year.

Around £5, 50% plus margin.

Plus no air freight costs....

Thanks for the responses chaps...I thohght that was the case, but just wanted to check I hadnt missed anything. Every days a school day!

Happg Birthday for tomorrow Chuggley...I hope you geg your wish as do we all! Think it might be Monday though....

I know that, but the govt havd been handing out cash likd billyo....could we have had access to free "emergency funds." We could have a chunk of cash on the balance sheet which will support business cashflow.

I know we dont need a capital raise...walbrooke and the company confirmed this. Before anyone says it...

Do any of you or anyone else have any thoughts / understanding as to how much if any the govt have funded machinery for odx?

If the govt funded machinery under emergency measures would ODX be likrly to have to pay this back?

How likely is it whether the govt agreement to 14th Feb would mean this money wouls need to be paid bacm or not?

I am trying to pick holes in the potential for costs to be incurred. I know the company raised cash in h2 LY for the upscale...

Cheers all

At least be honest about it...I think the big issue with a trading strategy is if you try to coerce people into moving it the way you want without any substance and if people make rash decisions and they lose out. THat is harsh.

However, as a result of this it does keep you on your toes and force you to continually re-evaluate your position and strategy. When you doubt where you are, re look at the fundamentals and news and make a decision. If you think its going up, buy. If you don't know stick, if you think its dropping leave.

I dont green bin many but I might make an exception here!