Let Them Slowly Work It Out22 Mar 2021 10:38
Whilst the market makers have fun across many different sectors generating stock it is probably best just to spy opportunity where it emerges and take it if it is right for you. Then let things settle down and let common sense prevail.
One weeks news story quickly gets replaced with another. Last week or so it was Harry and Megan. Now its EU sabre rattling. Then a next one appears. Crucially though has anything actually been agreed or decided on yet. No it hasn't. has anybody actually sat down and impact assessed advantages, disadvantages, cots, benefits. Not really.
Let the likes of Spain, Portugal, Greece, Cyprus and others EU countries dependant on £-tourism vote as they see fit, along with those countries with integrity and the rationale thinkers that can see the reputational damage any UVL's mixed messages are creating. Not forgetting to throw into the mix any diplomatic "consequence" which the UK may react with, for instance withhold divorce payments, block access to UK fishing waters, Increase charges for the AZ vaccine to market value etc.
In the meantime let us get on ourselves with delivering the successful vaccine programme in the UK with record breaking numbers and that is working highly effectively and to the apparent envy of others.
I posted a link to a Telegraph article last night that says we are about 90% there to being self- sufficient in producing the Oxford / AZ vaccine in the UK alone and on top of that we also supply key ingredients from the Uk for the Pfizer vaccine. Then just also in case some forgot we were also gearing up to produce the Novavax vaccine in the UK in Teeside from Feb with 60 Million doses of that on order.
https://www.gazettelive.co.uk/news/teesside-news/made-teesside-300-workers-start-19725106
In addition for a country which has a population of just over 65 Million, realise that the UK actually pre-ordered in total over 400 Million doses of all the different vaccines, from multiple suppliers and in multiple countries. Enough to vaccinate the UK population many times over. Some still being devloped, some due imminently, some requiring 2 doses, some like the Moderna vaccine requiring only 1 dose.
*Oxford / AZ - 100 Million,
*Pfizer - 40 Million,
*Moderna - 17 Million, (Due Imminently - Spring time) 1 Dose.
*Novavax - 60 Million,
*Jansen (Johnson and Johnson) 30 Million,
*Glaxo SKB - 60 Million,
*Cure-Vac - 50 Million,
*Valneva - 100 Million
Averaged up a few more and happy with what I have and for things to play themselves out. Won't stop UK shops reopening in the 12th April, permanently and irreversibly imho and 32p against an NAV of 82p.