Wakey Wakey Stock Market!17 Sep 2020 11:03
If you watch stock market activity during a Budget, if e.g. the Chancellor says the government will put 1 billion into social housing over the next year, a few minutes later about two billion would have been added to the major house builders midcap. Yesterday we had the Prime Minister talking about what can only logically be our test and how they will definitely be using it (in masses) once ready. This is the same Prime Minister that has put up to £100 billion aside to do what is needed to combat C19 and wants to test 10 million people a day yet,,,,, our SP does not move and in fact goes down a bit?
One can only presume this is either the market not seeing past next week! And not liking waiting past that or they simply have not cottoned on? The whole philosophy of investment is putting your money into a company that will grow. Full government backing with a blank chequebook in hand, got a funny feeling we will grow rather substantially don’t you Mr Stock Market? ?
With the potential earnings from our collaboration with LG Chem Life Sciences (up to £1 billion) and the potential earrings of the Cancer therapy (10’s of billions) this alone justifies the current MC. The potential massive and from what Boris is saying practically guaranteed earrings from the C19 tests (remember SKIN and the therapeutics side as well which could be massive on their own) have not been factored in at all IMHO. Sooner or later the Market will wake up I’m sure.