Member Info for JRDC

Ahh so we are blue. Thought it was my colour blindness playing up again

1) Dispute no where near settled
2) Future £100m+ DHSC contracts extremely unlikely imo
3) GM has yet to demonstrate how we're going to be making £50m+ a year in a world without covid. That may be some time off yet, but markets like certainty

In the short - medium term pathflow might help with the push back to £4+.

I'm now hoping for a buy out, an offer of £6 and I'd bite their arm off

This antigen LFT better be damn good. UK market is dead, US and Europe will be key. The dispute likely to drag on for many months if we're not even at the court stage yet. 'Good' thing about non payment, is nova can legally apply interest of 8% above base rate. Hopefully by early next year it will be sorted one way or the other, but I'd imagine it's put the brakes on plans for now. Frustrating.

So £7m avr a month sales, without DHSC, still impressive. I hope GM is now pimping us out to every pharma and vc out there.

Agree. I see zero risk now, SP could easily double over next 12-18 months.

Wouldn't be surprised if some pharma needing a diagnostic division was circling now, I reckon they're waiting for the LFT news, they've had clarification on dispute sums. Would also explain lack of acquisitions so far.

Thought it was a great set of results, dispute value less than I thought, sales ex dhsc now £7m a month, and soon to have LFT news.

Wouldn't surprise me if we finished red.

I'm down over £30k this month, surely one of my stocks will go green this summer. This is probably the most likely. My ideal news tomorrow will be dispute settled, at least £75m of the £150 accounted for, private sales £30m this quarter, LFT news. Hello £7 by Friday

Worst outcome "still think we can assert contractual rights ", nothing on the LFT and £5m or less private sales , finish red. Limp along for 6 months and hope for a buy out.

I've just ordered some (8 boxes so far today)

I'd previously argued against ordering track n trace tests just to bin them as it's a waste and could mean someone needing them being sent them. This was months before the FDA scandal and govt fraud came to light so f**k em, if handonc0ck is happy to take the p*ss, so am i. As the govt have no problem giving UK industry the run around, instead signing dodgy deals and lining Chinese pockets I've therefore no qualms in ordering a load each day just to bin.

Website says limit of 1 box per 7 days. However you can get round this quite easily.

Use a Gmail account as you'll need to receive a verification code, but you can use the full stop trick to get multiple codes, eg if your address is johnsmith@gmail.com, you can enter your email as John.smith@gmail.com, or Jo.hn.smi.th@gmail.com and it will still get through.

For address, choose 'my address is not listed', if you live at 10 somewhere street, enter as 10a, 10b etc somewhere street for next order, plenty of letters in the alphabet to use.

These will go straight in the bin, where they belong.

https://staging.innovamedgroup.com/

Works

I just hope the next RNS doesn't keep repeating "we believe we have a strong case to assert our contractual rights". Seeing the p/e ratio finally correct itsself (even if no where near where it should) might put us on the radar

So they change the criteria again so no current test on the market can achieve it, and on same day say the DHSC procured innova test is exempt from these changes. Will a new test appear in next 2 months that fulfills the criteria, get ce marking, pass PD etc? Of course not, so then govt will give a 12 month extension come September. Also explains why innova were happy to move production to wales, regardless of FDA scandal they would have been told weeks or months ago about these changes and that they'd be safe to go ahead.

I hope avacta have given up on the UK market now, just go for Europe and B2B sales. I'm trusting As is wise to what is going on, tell the Govt to ram their NDA. Absolute joke.

Not surprising really.

https://www.gov.uk/government/news/following-a-satisfactory-review-mhra-extends-authorisation-of-nhs-test-and-trace-lateral-flow-devices

MrAdventurous - good idea, I've sent a (several) question to them

On your website you have a 'contact us' page, labelled as "This form / email address is for commercial/business enquiries only". Having sent a genuine business enquiry re. the LFT for up to 10000 units last week I have yet to receive an acknowledgement. Is there a technical reason behind this (and why an automated thank you for your enquiry reply hasn't been setup), does the volume of enquiries mean they cannot be replied to - in which case this should be stated on the contact form and via autoreply, or are they ignored due to ongoing contract discussions, in which case again this should be communicated to prevent frustration.

Has LSE crashed as SP is showing as blue?

Will be interesting to see what size orders are revealed via RNS, novacyt only ever RNSd the 2 govt contracts, even individual sales of £1m+ aren't deemed worthy of an RNS, so we could well be fulfilling smaller orders right now. However I sent a (genuine) enquiry last week via the avacta website for up to 10000 units via my business email account and haven't even had an acknowledgement, let alone a response.

I don't do twitter but maybe someone could ask Al if anyone is monitoring their enquiry email address from the LFT contact box, and if so, what is the point, as ignoring enquiries of genuine interest isn't great business sense.

Meant to add, has this put novacyt in the picture with their test about to be launched this month... No idea who their partner is.

Could sure do with an update tomorrow from Al, either to say our test is still being considered, we've withdrawn from tendering or even better, here's a 12 month order for 5m a month from spain.

This all playing nicely in to the hands of novacyt. ODX/Mologic visitect test failed PD, frozen samples don't work with the avacta test, innova might as well be toxic. Who else can provide a sovereign test?

I see a very good few weeks here, my avacta holding likely to take a hit so will be good timing.

Explains why Al Is going after Europe first, what a cluster ****. Just hope mologic aren't doing this to also purposely scupper the mologic branded avacta test, as its exactly what I would do if I was a spiteful partner, timing it when the Govt are about to select a test. Maybe better all round to scrap moonshot and let market choices dictate the best test. We already know the ODX/Mologic test is crap to use and has poor accuracy compared to ours. Wouldn't surprise me if govt were to carry on with innova or select another dodgy foreign test.

Well if I was an EU citizen and I wanted the best LFT available, and the EU leaders decided they didn't want it because it came from the naughty UK, I'd vote for them to be removed at the next election.

Oh wait.

Hopefully all the major news outlets get hold of this and demand that the govt select the best LFT to replace innova, not the cheapest or quickest to produce.

Reminds me of those fake mine detector devices from some years back.

https://www.bbc.co.uk/news/uk-22380368