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Only two words... Golden Opportunity
I am shocked we are at this price.
I find it strange there's no RNS on LSE...! what is happening?
Outlook
The timing of the antigen supply contract with the DHSC coming so close to the deadline of the financial year-end means that it will have very little impact, if any, on the results for the year ended 31 March 2021 but the Group expects that this supply contract will lead to significant volumes of tests being delivered over the coming weeks and months. Utilisation of our weekly production capacity for the supply of antigen tests under the DHSC contract is expected to have a significant impact on the future performance of the business and whilst volumes are unquantified at this stage it is likely to result in substantial revenue growth in the financial year beginning 1 April 2021.
Colin King, Chief Executive Officer said:
"We are delighted to formalise our relationship with the UK Government and to utilise our lateral flow test production capacity to support the COVID-19 mass testing programme being rolled out across this country. I appreciate that trading in our core business has been softer than expected for the current financial year, however the on-going opportunity for growth in CD4 testing and Food Intolerance revenues is unchanged. The new financial year will see this growth opportunity realised, and will also see the full impact of COVID-19 antigen testing, and so we are likely to deliver substantial revenue growth compared to this financial year which ends next month. These are very exciting times for the business and I am delighted that we can play a part in supporting the UK Government's national effort to control the spread of the Coronavirus."
Price is rocket back up - buyers are flooding in now.
102.80 +9.80 +10.54%
Volume: 3,218,720
Omega (AIM: ODX), the medical diagnostics company focused on CD4, infectious diseases and food intolerance testing, announces that it has agreed a contract with the Department of Health and Social Care ("DHSC") to provide manufacturing capacity for COVID-19 lateral flow antigen tests, as part of the UK Government's well-publicised target of producing two million lateral flow tests per day.
The intention is that as soon as the DHSC has access to a test that has successfully passed a performance evaluation, the test will be licensed for Omega to manufacture. As part of the contract, DHSC will loan a number of key pieces of manufacturing equipment.
This will facilitate the necessary expansion in production capability in Omega's Alva-based facility, to ensure the tests are made available as soon as possible.
The Company anticipates that the above actions will provide the Company with capacity to produce approximately 2 million tests per week by the end of April, when combining the Government-loaned equipment with its own manufacturing equipment. Omega expects that this capacity will be sufficient to meet the expected demand for lateral flow COVID-19 antigen tests, with enough remaining capacity to be used for VISITECT® CD4 or COVID-19 antibody tests according to demand.
Get ready guys this will take off now.
People will start buying when the price is at £2+ FOMO.
Why not buy now and hold.
This has given a golden opportunity to top at this cheap price.
I think people are taking profit over to ODX to derisk a bit.
Get ready for the rocket. This going up 200%+
3.00 +0.70 +30.43%
https://www.investing.com/equities/strat-aero-plc
Last April, they didn't have any orders, now we should be getting an order soon as per FT Article.
Load up or miss out.
FDA meeting from 2006
https://www.lse.co.uk/rns/IMM/fda-meeting-on-lupus-bbptr1yvgqjdja1.html
People would be mad to sell before RNS confirming the order.
We have great newsflow
Last chance to buy at £1. This will be going to £2 - £3 £4 £5 just like NCYT.
Look at what happened to GDR.
Wow ...! 100.00 +8.00 +8.70%
YYOOOOOO GO GO.... ODX...
Does anyone know why all the II are selling?
Are there any concerns?
Do they know something that we don't?
I can't find anything...?
WOW ... 95.00 +25.50 +36.69%
94.00 +24.50 +35.25%
'See below WOW !!!!
https://twitter.com/Moilgas/status/1358721853989257216'
My impression is that news of any contract signing/orders will occur after TT transfer.