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Exciting update, looking forward to today

I am amazed by the strength of the move today, it has barely retested 50p, which was a potential big phsicological barrier to the share price. This tells me that there are a lot of buyers in the wings buying any dip that present themselves and that we are headed higher, likely after small period of consolidation. Of course, any big RNS could change that!

I propose a minute of silence to those that were waiting on the sidelines to get in under 30p. We have all been there and it is painful. But this share is going a lot higher, so do your research and think about the potential of the company. Definitely still multi-bag potential from here.

Very telling that this hasn't just spiked and dropped this morning, no one is selling their shares, if you have done your research, you know the deal, you know the potential. Who would sell out at this point?

So much interest here! We are going a lot higher tomorrow. So much potential here and the potential of contracts being confirmed this week in an RNS. A lot of people aren't aware of how important antibody tests will be to the UK yet, prime oppertunity for people to invest here. Just don't buy in on the initial spike at 8am! And DYOR

Assume 50m tests at £10 a pop. The UK-RTC has four members; BBI, Abingdon, CIGA & ODX, revenue is split equally, with ODX getting £2.50 a test revenue, giving £125,000,000 revenue / year. Assume a further £25,000,000 revenue from Mologic and the original business e.g. CD4. Giving total annual revenue of £150,000,000.

We have roughly 150,000,000 shares, With a revenue to market cap ratio of 4 we get a share price of £4. With a ratio of 1:1 revenue to market cap we would have a share price of £1. We also have foreign markets to consider and growth of other tests. ***Lots of assumptions in these calculations, so DYOR and your own calculations!!

Anyone want to buy in at 38p a share monday morning?

Thanks for posting the link. Nice to see the company affirming the news

Huge news there, exciting times. Holding these shares very tight for a long time, demand is going to be huge for a very long time.

I don't know the specifics for some of the companies but here is an overview:

SNG is not involved in testing, however is involved in the development/trials of its drug interferon beta (SNG001) inhaled into the lungs, which would be used as a treatment in hospitals and potentially at home to help people that have contracted C19.

ODX, GDR, AVCT, NCYT are all involved in testing. However there are different types of testing, with tests largely in two categories:
- Antigen testing to see if patients have the virus at present.
- Anti-body testing to see if an individual has had the virus in the past and built up anti-bodies signifying immunity.

There are lots of opinions on what test is most important and what variant of each test will be most effective ect, however I believe there will be such demand for these products that all of these testing companies will sell as many tests as they can produce, of course some will do better than others.

I would encourage you to look at the companies websites and RNS trading updates, to get a gauge of the companies plans and what business partnerships they are building (you can ignore the holdings and price monitoring extensions).

Fantastic day today, broke out of the 29-35 trading range and made a good attack on resistance of 40p. Nicely primed for next week and who knows what news might arise over the weekend. Good luck to all

Lots of confusion with why SpreadEx own shares here, but spreadbetting companies typically have 80-90% of customers who lose money on their trades, of which the spreadbetting company will make money if don't cover the trade. However the 10-20% of customers that make money trading, can cut into the spreadbetting companie's profit. So the company has to protect its exposure to successful positions held by customers. One way to do this is to match the position the trader/customer has.

Where do we fit in?
I am guessing that a few large long positions in Genedrive were taken out with SpreadEx by customers/traders. SpreadEx didn't want to expose themselves to this liability of being effectively short GDR, so matched the customers positions and went long on GDR through shares and instruments.

What does this mean?
SpreadEx calculated that Genedrive had a high likelihood of doing very well and didn't want to be caught short. SpreadEx will likely not be looking to sell down their stake as quickly as possible, but merely match the exposure to that of their customers.

This is all in theory, so if anyone has anything to add or critique, please post.

Investors in Covid shares have to be some of the most impatient individuals I have ever met, can't hold a share longer than a week, let alone a few months of a year. So much rainbow chaising.

Trial results Monday 7AM as well don't forget!

But really guys... You don't want to be out of this one over the weekend

Retest of the 36p level that we broke this morning and then a further attack of 40p into the close today IMO

GDR looks primed for a breakout in much the same way ODX was, a good period of consolidation building up support while sellers sold into any rises that occurred.

Because the recent positive news has been sold into heavily by our sellers, we didn't re-rate on the positive news the way we should have without being held back. In my opinion this move is just establishing fair value from the recent RNS released. There is also the fact that there could be substantial company news on Monday morning

This rise is looking very similar to the rise on the 15th of March where we went from 20p => 35p before establishing new support at 28p.

If we are seeing strong buying in the morning, what will we see late afternoon into the close when the FOMO really kicks in! With the government rhetoric in the media regarding testing this week ramping up significantly, I see a strong likelihood of a big government announcement regarding testing over the weekend. Monday morning open will be interesting!

It is going to get exciting when the fomo starts to kick in when this breaks out