RE: Affidx betters Vatic Health5 Oct 2021 14:16
Folks we are going off tangent. Let's keep to the point and not discuss other shares like NCYT it is really not relevant whatever the tangential link might be. So continuing our discussion on Affidx betters Vatic Health:
"Abingdon Health rose 38% off of the news from Vatic. I can't take credit for this as some really good research from our crew here at the LSE shows that Vatic Health Ct value is <25 (10,000 - 50,000 copies per ml). Vatic are hoping for 100m tests per year, that's approx 8.3m tests a month.
Avacta is able to detect at far higher than a Ct of 25. If the crew members on the LSE are correct Avacta could be selling far higher numbers very soon. (Even if the tests are similar, this bodes well). It's good news over all as I suspected many companies are anticipating that the use of lateral flow tests will continue well into 2022/2023."
I believe that 8.3M tests per month are reasonable in terms of sales and as a superior quality test Avacta are in a prime position to benefit. Could be an interesting week ahead with Abingdon going up 38%, once the penny drops, this will have a rerate on Avacta - is it time for us to take the plunge? It's getting very risky for the shorts? After reasoned opinion, my view is yes to both and as such I have changed my opinion to a "Strong Buy"!