Keep calm and hold on14 May 2020 08:57
Old news as far as 2019 figures are concerned. What we are looking at now is a company that since February 2020 has rocketed in production and importantly profit margin. From next month they anticipate 10 million tests per month to be sold and I doubt the profit margin would be any less than £4 per item. For those of you talking about a takeover, firstly you would have to have the consent of a great majority to sell. I’m sure we would all sell if the price were right, for those of you unaware of how the sale of pharmaceutical companies goes, like most companies it would be based on profit margin and sold in multiples thereof. The difference with pharmaceuticals is that it starts at a multiple of five and in some instances has been known to be 15 times profit margin.
If you are thinking of selling out at 4.50 or £5 good luck to you. I would say hold on for the greater price. Yes I am invested in the shares to the tune of 40,000 shares at an average price of 1.33. (53k invested). I’m not interested in a short-term gain otherwise it’s patently obvious I would have sold by now.