RE: Will fly soon16 Dec 2021 11:24
I’m not overly surprised we haven’t had a massive increase on this RNS (this is not to say we shouldn’t get a massive increase even without an RNS as we are so undervalued at the moment).
The RNS is good news but doesn’t yet change our bottom line. It does however increase our chances of success and decreases any risk.
We now have all corners covered.
Antibody testing, it will get its day and we are one of a very small handful who can actually now specify how many antibodies you have, not just that you have some. With the majority of the world now having some antibodies a yes / no answer is almost pointless. This product is vital as medical teams, scientist, ourselves need to know, do you /I have enough of them? As we were one of the first to produce an Antibody test we have a big advantage in this area and could clean up when the time comes.
Antigen testing. By this time next month. Probably the best two test on the market will be made in their millions by us. The Vatic one will clean up I think. It should have the easiest ride to getting HUA as it only needs the persons saliva. This means ‘user error’ is unlikely. Also if we have to make tests part of daily life this is the one we all want (don’t fancy putting a ear cleaner up my nose until it feels like its going to poke my eyeball every other day) so governments / medical teams…everyone! will want them.
We also have a 10 year contract in place and make good money outside of covid testing. Good new products in the pipeline. Contracts in place with the main components of LFT’s in place.
£6 million in the bank, £8 million in the backlog. Turnover increasing year on year (over 100% last year) and projected to continue increasing even further. £25 million now being pumped into the business. Largest manufacturing capacity in Europe. Oh and the directors are so confident in all of the above they just spent half a million of their own money to increase their already very large holding.
In conclusion. Not much risk lots and lots of upside!