Member Info for HappyDays2U

You miss the point. Replacements, new hires it doesn't matter. If you are running a business that has more money going out of the door than is coming in it, you are never going to say "what we need right now is to hire / rehire a load more people to sit around doing nothing so we can increase our overheads even more".
You hire because you have more work than your current workforce can handle, and you don't take on work and employees unless it pays!
When a company is hiring / laying off its the clearest 'unofficial' notification us investors can get to give us a clue of what's happening within a company...I have never come across a situation where a company is hiring (and we are talking a 40% increase in staff) and it turns out to be bad news.

There has been some rubbish posted here today.
I garentee no business in this world will go and hire another 30 ot 40 permanent staff if they are also in financial difficulty.
A trading update will be coming very soon that will tell all....business is very clearly booming!

There will always be sellers, but we also have buyers who are buying more than are being sold. No reason why this will not continue giving us a nice steady rise into news.....well here's hoping anyway.

Buy price suddenly gone up to 44.3.....something about to happen?

To give a taste of what's to come look at Ekf Diagnostics. In 2019 (can't get any more current numbers than that) they made 74 million tests which at that time gave them an MC of £190 million (their current MC is £376 million)
We can now make 150 million test a year so double 74. If we use these as a template then getting to full capacity should give us a MC of £380 million which is a SP of £3.95

I know it's frustrating to wait but it's not the BOD's job to encourage sudden SP rises by pumping 'news' every few week. Their job is to grow the company and profits and if they do this successfully the SP will look after itself. They clearly only RNS something when it's meaningful to the bottom line and I prefer this to well worded RNS statements that sound great but once digested don't actually change anything in financial terms.
I'm personally satisfied everything is moving in the right direction.
July 2021 large manufacturing agreements signed with Bioporto and BioSure,
August 2021 Launch of Biosure Antibody test.
September Launch of Semi quantitive accessory to AbC-19.
October is the first month in several where we haven't had news. (This said we did get via the media to hear about the TT of what will be massive KnowNow test) I will let them have a month and it means news is very likely to come soon.

Muck,
There was still a healthy (6 Million) in the bank a few months ago. As you say they laid off some staff to prevent cash burn. They have since rehired to around 200 staff. I note the new positions have not been for product "development" positions. These guys are hiring to help the manufacturering and suppy of products side and they would not pay for a position that is not helping them make more money than the position costs. I can't say I know, but I would be very, very suprised if we were to run out of cash.

Morris,
It's was the Avacta CEO that stated that not Abingdons and he's the same CEO that said his LFT would be on the market by the end of Summer last year (2020). Now well known for stating many a strange timeline so I wouldn't read too much into his scheduling. It will however be complete very soon I'm sure.

Already running out of LFT's to service the travel industry.

https://www.telegraph.co.uk/news/2021/10/24/covid-travel-test-company-already-lateral-flow-tests-half-term/

The Market is massive. Just need to get a wiggle on with getting those TT's complete.

I was just thinking about what will eventually happen with unvaccinated people.
I know 2 "anti vac" people and what they both have in common is they are as stubborn as hell. One has lost his job and due to that soon his home as well, will he consider now getting vaccinated? Not at all, quite literally over his dead body.
The goverments around the worlds strategy is clearly to make life as difficult as possible for these people in the hope they will concede and get vaccinated but if the 2 people I know are anything to go by this is just making them even more determined not get it.
This group is several million in the UK, 10's of millions in the US and will be 100's of millions globally. I figure goverments will need to work some sort of compromise with these people at some point. They can't exclude this many people from society and the workforce forever. Basically I can not see a time when covid tests are not going to be needed and in the 100's of millions each year just for this group.
LFT now replacing PCR for travel.
Another partial lockdown on the cards.
Cases and new variants flying up and some are selling this share? Each to their own but I would say having some money in LFT manufacturing/ development is a safer bet than gold right now?

There be gold in those Abingdon hills!

Best buy price I can get is 47.65 now. Looks like we might get a bule finish. I have given up getting worked up on when the next RNS will come but one is well due so why not Monday morning.
Confirmation AVCT TT is complete.
Clarification and market confirmation on the Knownow test partnership.
The reasons behind a sudden increase in staff (another contract / partnership we don't know about?)
Next quarter forcaste also due.

Yes ditto, it's all turned into a bit of a nonevent which is surprising but not bad.
We are back as we was which is in a good position to make lots of money and soon.
The manufacturering side is the least risk and the best place to be. We don't need to worry too much about "is it us" contracts we just make them for any number of firms that get the most orders.
So much need, not enough supply so I can't see how full capacity and beyond is not on its way and soon.

Yes, it's changing dramatically by the minute up to 366 providers now and it's clearly a list of approved places / companies that can get the test from and they validate your test, not a list of the test themselves....so all a bit confusing now. I would guess these places would need to confirm to the goverment what test they will use and there is a list of approved test? We want to see that list but maybe the goverment will only supply that to these centers?
Whatever it is, if we are making the best test then its a given they are approved to use. Just need those machines churning them out. An update from the BOD would not go amiss.

Disappointing not to see our tests on the list but not surprising. We are not in the position to provide the test yet as TT is not complete, when you think about it the Goverment would open themselves up to criticism if the published a list of providers that can't actually provide the product yet. The list is live, it can be added to / be taken away, so a soon as TT's are complete and ideally Home approval then our test will get onto that list.

Of course I'm hopeful of an RNS every day but one tomorrow morning confirming Avacta TT is complete would be particularly good timeing and welcome.
This would practically confirm Avacta's test is on the list but more importantly we / they are ready to sell and make money from them.....do your RNS dances this evening and keep everything crossed just before 7am tomorrow.
If that one comes its should be a good 80 to 100%'er rise.

I will add, the market doesn't seem to relise yet how much money and profit is in manufacturing LFT's.
If we knock 150 million out the door in a year we will make well over £100 million profit! Comfortably over double what the company is currently valued at.
Being the risk of us not getting up to full capacity is low, I can't believe the SP is still where it is. Its got to be the best bargain I have EVER seen.

Personally I'm happy with December and would see that as good news.
We only knew we were the chosen manufacturer of the knownow (Kn) test a couple of weeks ago. It was always very unlikely we would be manufacturering them by the end of this week but as said, this does not necessarily mean that the test is not on the list. It just depends if the goverment are just interested is saying what tests they approve or if they add in ones that can actually be bought in mass as well?
We had to presume that TT for the Kn test had only started a couple of weeks ago meaning it would not be ready to produce in the millions for at least 3 months. If its ready by December (start of being 6 weeks away) then TT obviously started sooner so we are more ahead than I thought.
"The List" is not as important as getting these TT's done, once they are done the test will sell, if our test are not on the original list then they will get added. Also remember every country in the world needs LFT's not just the UK.

I can't see how our test will not sell or will not make the list. You can't use NHS supplied tests so Innova and surescreen are not going to be on the list. We then have the best tests (S&S) on the market so I can't see how the goverment could ever explain why they have approved a test that is not as good as a test they have not approved??....basically its a given our test will make the list either on Friday or when all out TT's are complete.

My understanding of the list is it is not set in stone. I'm very confident that at least one of our products will be on the list (probably all of them) but its no end game if they aren't.
Worse case some / all are not but this would probably only be because supply can not be garenteed yet. I.e. as soon as we are ready to manufacture them in the millions they will be added.
If making the list is purely down to S&S validation numbers all our products will be on the list for sure.
In the unlikely event of a tank I'm sure it will be temporary and I would be using it as a big top up opportunity.
Going by what we do know, we will be up to fully capacity very soon.

No secret there is a LFT shortage to meet demand.

We are the biggest manufacturer of LFT's in Europe.

We are in partnerships with 3 of the best firms that have produced LFT'S (best validated S&S numbers)

A Brexit goverment that will surly want Brittish firms on that list.

Big recruitment drive been happening over the last month or so at ABDX, permanent positions

For me, that's more than enough for me to be very confident good times are ahead for this firm.

There will be plenty more press coverage over LFT supply all over the weekend.
An RNS Monday to confirm Avacta's TT would be nice but whatever happens I think Monday will see a big rise as the real investors start moving in.

It's strange ODX are having a good SP rise today and we are not. It now puts their MC at nearly double ours yet their manufacturing capacity is only around 2 thirds of what we can make......where is the logic in that?
Actually I worked out a long time ago there is no logic in AIM but it is clear this company has massive SP growth potential. Full capacity should put the SP to at least £2....but that's logical and as I just said???