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Wadogara, no but both have been in the process of getting it for many months now.
Very few (I.e. not enough) do have home use approval and this is why the goverment has delayed the change to LFT until next week.
They will have to give more home test approvals out or there will not be enough supply for the demand. No good reason why both will not be given approval next week.

Vatic and Avacta two genius Brittish firms and ABDX as the Bittish manufacturer. A Brexit goverment that's proud and (supposedly) supporting the brittish diagnostic industry to be world leaders....... they wouldn't dare not have these on that list...surely!...right?

Trusting we get our manufacturing capacity up (which in the current situation it's very hard to see how this would not happen) there will not be any need to raise cash.
The BOD have just had £20 million to pump into the business. They have spent 15 million on purchasing new machinery and better automattion processes to massively increase their capacity and improve profit margins.
These are one off costs, no need to buy and install the stuff twice! We then sadly laid off 60 people (due to the goverment not paying its bills) which was about 30% of the workforce. This also reduced the overheads by 30% and this was done to balance the books and stop any cash burn. We still have around £5 million in the bank to fall back on if needed.
It looks like we have since re-hired most, if not all (and more?) Of those 60 positions, reason being they can all now make the company more than they cost.
The only risk here is if none of Avacta, bioSURE, or the Knownow test are on that goverment list....something I would say is highly unlikely. Doesn't matter if its only one of the 3, we can simply ramp up production for whoever gets the orders.

I wouldn't worry about selling! That will not be a problem when news is confirmed that we are manufacturing at full (150 million a year) capacity to supply the travel industry....Buying however, that will definitely get very difficult at that time.

That was definitely a coordinated rise with Avacta both happing at 1pm sharp.
I can't see a news story that broke at that time that could be the cause also no known big buys happened in either stock at that time so it looks like something the MM's know that we don't?
After hours RNS logged?...who knows?

It would appear so....something brewing with as and Avacta. Leak?

We are the manufacturer for the best 2 LFT's on the market, arguably the best 3. If we are not involved with supplying the travel industry with the mandatory LFT they need then I will eat my hat.
We are a global company and somewhere (depending on the season) between 10 to 20 million people travel by plane every day. Using the lower 10 million still means 3.65 billion LFT will be needed each year.
It will be very big news and its due very soon, exciting time ahead.

Good spot. All the clues are there.
Bit of a tumbleweed day today. Its the calm before the storm. I have a good feeling tomorrow will be a good day!

On Halifax I can buy for 52.5 and sell for 51 so the real spread is actually tight.
All irrelevant, as the SP will be over a pound next week :)

Excellent news, this is going to get big....very globally BIG!

If they do release it tomorrow morning you could say its potentially a genius move (although I'm sure by accident). Let the market do its thing and give it a natural leg up based on the press articles, and then get the second boost by releasing the RNS the next day.
They have done anyone who brought today a favor. I think if the RNS came this morning we would have opened around this price.
Bring on tomorrow GLA.

On Friday and have kept quite about that as well.
Maybe their communications person / department are on holiday?

https://www.google.co.uk/amp/s/www.med-technews.com/api/amp/news/latest-medtech-news/medilink-announces-uk-awards-winners-in-online-ceremony/

Absolutely right Brighty. Also keep in mind that DHSC owe (and will pay us) £5.2 million for 1 million tests. £5.20 per test. Yes these were our own tests so just manufacturing will be a bit less but I believe its around £3 a test to manufacture and we make 41% profit per test. That's around £1.20 profit per test, 150 million tests out the door each year you can all do the rest of the maths.

MC 50 million! Deal of the century!

I have never understood why some people think it is somehow special and news worthy when they buy or sell some shares?
If you look, lots of buying and selling happens all day, every day! Its a good job we are not all of the same mind, imagine how boring these BB's would be.

People will start doing the maths.

Market Cap around £50 million.
Already paid for investment to be making 150 million test a year by year end.
All big players on the books.
40% profit margin on each test.

People will see the massive upside in this. When the RNS lands this will go over £1 no problem.

In a world that has only just been introduced to the wonders of LFT's and where Covid (and its variants) will be around for all our lifetimes at least. LFT's are the answer to keeping track of outbreaks, variants, and stopping the spead.
Why concen yourself with the "is it us" company. Just invest in the company that will make the test for whoever gets the gig orders orders. So many LFT had promise but didn't pass the quality control tests as they were made by start ups. The big firms have learnt to go to the professional that were making LFT's long before Covid days.
Capacity will be over 150 million soon and they will keep expanding after that..the sky is the limit!

This will fly tomorrow!
This deal should take us to full capacity (150 million test a year). Which would bring in over 100 million in profit!
Current MC of 40 million. The SP should go over £2, no problem when full capacity is confirmed. Which will happen (I think) within the next 2 months. Bring on tomorrow!

Thanks for the post...very good news!
Should give us a good kick off into the new week.

Yes, our buyer is back. Let's hope they know something we don't (yet) know.
We will see if its RNS news but whatever happens we will have news of some sort by COB Thursday (via Avacta's investor presentation) on our collaboration with Avacta. They believe they have the best LFT the market can offer and there has to be a place for that somewhere (travel / care homes / hospital...etc) so big orders will come I'm sure.

OK I can't remember the exact closing price the day before the last RNS but I will give you the 5p. That still makes a 54p rise in a day.
The SP was over £1 earlier in the year before some of the recent contracts we have won were known and before we had the 150 million capacity. I'm not sure why anyone would think getting back to a pound or over is rampy. If we get to full capacity it will go well over that and why can't we get to full capacity?