Member Info for LookBothWays

What CF said on Monday was between now and Xmas a good number of challenge studies will be announced. Next year one every 1 to 2 months.

earache
your said much mostly BS but then thats your job so I will keep my replies short.

'That's precisely my point and I was really only referring to the c.£45m Gov contracts which formed the substantial part of expected 2021 revenues. If it can be made up elsewhere then fair enough (that's a big ask at this juncture, imo) but apart from the 2021 revenue loss, the delay into 2022 or, worse still, the loss of the second or third of challenge studies, throws the clinic slot bookings out of sync with other clients' study planning requirements. If that means we end up with empty beds because clients can't reschedule to suit us then that hits our costs as well.'
There are only a handful of bed at the government paid for facility at the Royal Free and those can only be used for CV 19 studies. If there is a problem filling beds why is ORPH looking for a new facility anyway?

'A late September start to a challenge study is, again imo, unrealistic. The characterisation study is continuing so this SAGE report can only be about results to date. Even if that's sufficient to pass positive judgement on the study so far, the ensuing debate, peer revue, sign off, REC challenge study submission, subsequent debate, approval and ministerial sign off means that based on past performance even a December 2021 start is unlikely.'

Read the report properly and note how the committee have apologised for the lateness as it was due to having to form the committee from scratch they state that will not be an issue next time.

Contracts are signed regualrly do you read RNSs jhave you looked at the broker notes on how much has already been earned this year?
No thought not does not comply with your story.
You are a **** shorter to be fair.

Bronxville
'Unfortunately Covid is the ONLY reason OO is relevant!'
Have you actually listened to what has been said on Monday, I doubt it as any evidence to the contrary to your view is dismissed. It was clearly said 15 to 20% of ORPH is covid however that leaves a large chunk to cash in on the $20 billion per annum infection disease market will be increasing to $250 billion due to the governments and medical companies of the world realising what a large amount of money needs to be spent to prevent another pandemic from a disease thought to be non hazardous.
Sell your short you will burn soon.

I have bought here today. I work in the contracting industry and there is a large uptick in pre FEEDs and FEEDs getting manned up across the industry which means large contracts are being worked on for bidding in the next few months. I know this from talking to agents as I enquire about new positions. All normal after a large oil price drop and recovery.

I am a refugee from the ADVFN board its unusable due to someone wantign to stop discussion. So came accross this article today
https://www.fiercebiotech.com/medtech/20-second-coronavirus-screening-test-piloted-at-u-k-s-heathrow-airport

Last paragraph is interesting

Meanwhile, Heathrow has also tried out two other rapid-result coronavirus tests: Geneme's RT-LAMP nasal swab test, and Mologic’s lateral-flow saliva testing strip. The findings are being shared with the U.K. government as countries and airports look to find the most efficient and user-friendly testing methods for screening passengers.

Interesting article on how much corruption there is in Kurdistan and the level of Russians involvement.

https://oilprice.com/Energy/Crude-Oil/The-Last-Truly-Underdeveloped-Oil-Frontier-In-The-Middle-East.html

Over and above the petty party squabbling that characterises the politics of Iraq’s semi-autonomous northern region of Kurdistan, it can safely be conjectured that at least two groups of people were delighted at the appointment of Masrour Barzani on 11 June as prime minister of the region’s government (the KRG): the Barzanis and the Russians......
“The files contained details of alleged secret bank accounts for the stolen funds, money transfer vehicles and routes, methods of payments for bribes, and even the names of high-level couriers and other officials believed to be involved,” he underlined. “One of the most damaging was represented as being an internal use-only report from what was essentially the Finance Ministry of Kurdistan that Iran said showed that Iraqi Kurdistan was running an operational deficit of US$3.2 billion at that point - increasing at a rate of around US$100 million per month – in large part as a result of 28% of the KRG’s entire oil export stock disappearing from official export channels and the resulting funds not going into Erbil’s treasury,” the Iraq source told OilPrice.com
“According to the Iranian personnel there, independent auditors said that this missing 28% had been diverted by Masrour Barzani and sold on via middlemen in Turkey, with the resulting funds then being deposited in an account in a bank in Northern Cyprus under the name of a close female friend of Masrour Barzani, who, Iran said, was connected to Russia’s SVR [the Sluzhba vneshney razvedki foreign.....

To me the share price is where it is is simply because the main reason I, and I presume many bought in, was for the gas. which will transform the company share price I believe. The run upto near £3 was based on oil price and will only go there again on another bull run on PoO which at the moment is not looking likely. Had there been movement on the gas assets then the share price would be a lot higher just now meanwhile I sit and wait for something be done and the subsequent share spike to sell into and take profits.

Applying logic to the statement that they are looking to spend on other revenue generating assets or return reserves to shareholders I therefore conclude they are not going to develop the gas assets in the near future as that will need a lot of capital so one has to conclude they are planning on selling the gas assets as is. Flaws in the logic anyone?

Thanks Ocelot for the Jane's link. I think I will start accumulating again. The oil price seems to have bottomed for the moment as well so a good time to get a core holding in.

Cheers Boyobach
I wasn't sure the definition they were applying to oil companies as I said at first reading it was not clear but the share price has not dropped enough to justify nationalisation so was guessing it wasn't significant it does however show that previous decisions made by the last government will be re assessed if not to the new government's liking hence I believe the reason the gas is on hold as any agreement made with the Kurds or even Bagdad is subject to the new government rubber stamping it so why waste time getting it agreed now.
Going forward though I do believe the gas rerating to the price will not come until after the transfer of the oilfields in Kurdistan to the central government which at the moment is a few months away judging by the tortuous negotiations to even get a government The formation of a government however will be a significant step and that appears imminent now. How much influence the Kurds have in that government is obviously important as we go into the budget for Kurdistan negotiations.

Hi
I have been trading Genel for a few years and am currently looking at getting back in. I have been reading this board for a few weeks and I notice very little has been mentioned on what to me is the most important reason for Genel's share price weakness, over and above the oil price, and that is the lack of a government in Iraq. To me nothing can move forward on the gas, which is what will rerate the company, until there is one as no agreements can be made with the KRG as they are handing over all the oil and gas to Bagdad after an agreement on how much of the Iraqi budget they get in return. Therefore the first step in any rerating will be formation of a government and the strenght of any Kurdish representation in it. The Kurds appear more divided than usually currently so that's not good but I would hope they would unite to get a budget agreed once negotiations start. I also notice a worrying point that the outgoing PM seems to be doing some fast and loose changes before he goes which at first glace appears to suggest he is nationalising the independent oilies in Iraq, anything he does will be negated by he new government apparently. Anyone have any view points on this?
http://www.rudaw.net/english/business/21102018
Iraq’s Ministry of Oil has put the brakes on a decision from outgoing Prime Minister Haider al-Abadi to transfer ownership of multiple oil companies to the newly founded Iraq National Oil Company (INOC). The move comes after the incoming prime minister threatened to cancel all decisions made during the transition period.