Member Info for Okehurst1

We are where we are now Captain - like many on here I’ve been frustrated but I have had to dust myself down and look to the future

At £40M ish m/cap we are a fair punt for a rerate, hence the markets support at current price

EU HUA/ CTDA and we are away and that’s the issue, if traders are out you they miss a decent bump in price but the downside from here is potentially limited in the short term.

Of course not without risk but the balance is in favour of the upside in my opinion

How £much Gaz ?
Pack of 7 ? Out of interest ?

With little to no LFT’s left in U.K. surely it’s time for Omega to switch on their 100M capacity - we just need that break

https://www.bbc.com/news/uk-59662142

Guess it’s all on our Ulster ‘ user - ability ‘ trial now

Omega called that the ‘last piece of the jigsaw ‘

The Government are all over the place, relied too much on the vaccines

https://news.sky.com/story/covid-news-live-close-contacts-now-required-to-take-daily-tests-as-mps-prepare-to-vote-on-plan-b-restrictions-12469075

Stas has a point re trading

Think what’s changed is we now know we have an LFT that identifies Omicron, the biotech element has cleared EU Regs and we are just waiting on EU HUA/ CTDA

Coupled with 100M annual capacity - all in place
Shortage of LFT’s in U.K.

Freddie, we needed official confirmation, it’s important for marketing as much as anything - assists Lansdown.

EU HUA next

Fair comment Blu.

The Mologic statement yesterday in conjunction with last weeks news they cleared EU validation sets the biotech element up for EU HUA and possibly CTDA.

The former looks highly likely and could drop any time, at which point Omega by default enjoy the start of a rerate, CTDA should be a formality but who knows with the Tories?

I just hope we land EU HUA and a EU sovereign state contract to supply our test

You couldn’t trust this Government as far as you could throw them, EU have passed ‘our’ biotech, we now know the reagent picks up Omicron, no reason to not land sales on the continent…. hopefully our sales consultant is onto it
Ditto Bill Gates team

And Omega / GAD using the DHSC kit same time

If this comes off the press will have a field day

Coupled with the news that the EU validated Mologic Antigen test last week this is very good news.

All eyes on EU HUA update which is due

DAM are already struggling to keep up

This could be the straw that breaks the back of Boris - let’s hope so
https://www.dailymail.co.uk/news/article-10300509/Holidaymakers-left-stranded-major-Covid-test-provider-failed-send-certificates-time.html

Does if you have been in contact and you want to know
Matters then ..

Mologic biotech has cleared EU - unlike U.K.

Would be a class move by the French Government to order a load of LFT’s using U.K. government kit

Omega secure EU HUA this week - GAD by default

The U.K. Government funded kit at Omega is then being used to support the EU / protect its citizens and keep its economy / schools open

All as the U.K. locks down with no LFT’s

You couldn’t make it up but we are very close to this happening

The U.K. press will love that one, Boris won’t survive that scenario

The EU recognising the Mologic biotech last week was important, without that news tbh I would be hesitant on Omega without knowing that data.

PCR wont cut it with a highly transmittal disease, the high viral load of say 7.00+ may only be with us for 24hrs max
If that ….16hrs ish
PCR of course does have a role but not in this instance.

Based on the known science of our test and by default as it’s Mologic’s biotech we have real opportunity here

Hi TW,

Think your right, the Government thought the Vaccines would sort the problem and burn down the Chinese stock in the meantime and the Government web site was just the usual Tory bull.

The Mologic biotech works , N spike , Ct and viral load detection by default is high and has been one of the most tested LFT’s on the market , we have the capacity 100M all in place .

Really is an open goal for Omega, Omicron has moved the goal posts.

Boris will big up the Government’s investment in the U.K. diagnostics industry ,you can almost write the script
We know differently, he would have just let it burn if it wasn’t for new variants, they hung everything on the vaccines working

Omega have potentially the capacity in place as one of the top 3 in Europe - 100M
Not too sure where Surescreen / GAD / Abingdon fit in but they are up there as well

This is past an open goal for Colin now, he’s been given a life line by this new variant

Has to be this week HUA / CTDA , we know the biotech works

Sky onto it

https://news.sky.com/story/covid-19-home-testing-kits-have-run-out-on-governments-website-12494810

Scoter, best we can good for USA is CE, of course we take anything at the moment but can’t see how USA will be our main market although Colin told us it would be?

Suggest it’s all about EU HUA for a serious rerate

Flashy, just looking at last EU update, one due this week.

Could go either way of course but technically from a CT / viral load point of view the LFT has cleared the EU - last week via Mologic

CTDA is also looming but who knows on either ? It’s a punt from here but IF we do secure this should do a serious rerate, binary situation now for Omega short term.