The initial Government order of fifty million tests will be shared out for production among the consortium members. ODX and Abingdon have the largest manufacturing capacity and should produce around 20 mill each in all likelihood.
After that it’s just every man for himself and ODX can increase capacity and sell as many tests as they can produce. There is no profit sharing agreement. The tech will be given to each consortium member and they will each make and sell as many as the market requires and keep 100% of whatever profit they make.
I see GDR rampers here to rinse their 80p placing stock as high as possible so they can dump out of the crock of ****e.
All other stocks posters are here today. Why is that?
Because ODX is the hottest ticket in town! GLA.
No it isn’t. GDR is rinsing 80p placing stock. If it rises more than 30% tomorrow after that interview I’ll ring the Nomad and rant and rave and tell them I’m bringing in the FCA if they don’t issue a speeding ticket.
If it does surge like ODX did yesterday then I’m going to ring the fkn Nomad and force a denial speeding ticket RNS just like we got, you silly fkn *******.
From twitter......
“A very reliable source has told me that it was Gary Blue horse as he was short the stock. Do not know if that is correct but the source is usually spot on”
Find him and run the cnt over if you like. Whatever.
Any private investigator could find him for a few hundred quid just from his social media accounts and IP address. Nobody is as incognito as they think on the internet. He fkd is over big time yesterday. Silly cnt shorting this. Prck.
DYOR.
I’d agree with the requirement for caution and consolidation if the rise was on hype but it isn’t.
The rise is because a lot of money was sat on the sidelines waiting for confirmation that the RTC could nail the test accuracy, Omega could make it, and the gov would buy it and not shaft us and go with big Pharma.
All that was as good as confirmed by the CEO in the interview yesterday.
The speeding ticket even basically confirmed that the leaked article in the Daily Mail from 26/4 claiming the gov was ordering 50 Mill tests from the consortium is actually factual.
After all that confirmation yesterday, the big players who see the potential in the scaled up manufacturing numbers have gone risk on and will continue to pour money in here until they’ve loaded up and that could be a while yet, maybe £1-£1.20.
Meanwhile, all the mugs who sold for a small profit will FOMO back in at a mad scramble when the confirmation RNS drops this month. They’ll be buying at £1.20 and over and see us up to £1.80 easily with confirmation of orders and margins.
That’s how it will play out.
There will be retraces and dips as there always are but we’ll be in a general upward trend towards £1.80ish now IMO, for the next 2 months or so.
Trade the retraces if you like, whatever.
Quids coming. GLA.
If you deramping losers can get back in under 80 before this takes off then you’ve done well. Lol.
Even if no RNS news in next 2 days we’ll be knocking on the door of 90p again by close of play on Friday.
The two risks now removed. The test is completed, ODX will manufacture it. The UK gov will buy all initial production. ODX will then sell millions into global market.
Risk removed now. Just a matter of waiting for it to play out.
Yes, EdCJones, I have found a magic money tree and so have Omega Diagnostics. It’s called the best, most accurate home based rapid antibody test on the planet for Covid 19.
I’m glad you like it.
I hold about 320k now.
I was very underwater in UOG and hoping they would release news on an upcoming drill so that I could sell out of it higher but the Sky News interview made my mind up and I dumped the last of my UOG holding of £7.35k and bought in here at 71p. Check the uog trades and you’ll see it.
I posted my buy on twitter.
Current ODX holding worth about £180k. That will triple and more very soon.
GLA.
My final buy yesterday was for £7.5K at 71p.
That buy will be in more than 100% profit by the end of July.
GLA.
On the morning of 26th April this board was going ballistic with excitement because the Daily Mail front page had an article saying the ODX RTC Antibody tests were coming and that the government was going to place an initial order of 50 million.
That article was confirmed as correct by company RNS yesterday.
Nobody said £10 profit. You said the word profit. I used the words income and revenue, which is gross.
The tests will be sold at probably £5-£8, possibly up to £10, the margin will be anywhere between 30% and 60%.
Capacity across all sites is being increased to over 4 Mill per month for all products across the range.
Selling prices and margins will vary but if we take an average selling price of £5 and a margin of 40%, then that is....
48 million tests X (£5 X 0.4) = £96Million profit per annum.
At a very conservative and attractive P/E ratio of 10 that profit values the company at £1Billion.
With 150 million shares in issue that gives a share price of £6.40 per share.
That is for the future. The smart money in the market is seeing the profit and the value here.
The ODX share price will be £1.80 by the end of July.
The Mcap here will be in the region of £250-£300Million by the end of July.
With 150 mill shares in issue, a share price of £1.80, Mcap of £270Million is very achievable now by end July.
The two biggest risks have been removed. The test has achieved the accuracy bar, it will be manufactured at scale by ODX and the gov will buy an initial 50 mill from the consortium, at least 20 mill of which will be supplied by ODX.
ODX will then go on to produce 100’s of millions of tests which will be sold at very profitable margin into both U.K. and overseas markets.
£300Mill Mcap/£1.80 SP by end July.
£450Mill Mcap/ £3 SP by end of this year.
Risk removed now. It’s just a numbers game. How many can they make and what’s the margin?
Millions, 30% to 60%. Big profits. Big stakes. Big gains. It’s coming!
GLA.
Health Minister Lord Bethell tweeting on Antibodies with Rockets again lol.....
“Encouraging trials suggest even those who develop just mild cases of Covid-19 are capable of producing antibodies that remain present at least 40 days after the appearance of symptoms. @PasteurInstitut “
https://twitter.com/jimbethell/status/1265694782015365122?s=21
The actual Consortium MOU says that after design freeze the spec will be given to each consortium member and each member will then commercialize and make as many as they want to, or are able to up to full capacity.
If Gov order 50 mill then yes, some will be made by ODX and some by Abingdon but that doesn’t stop ODX producing more up to their full capacity sand selling them overseas or privately into the UK via Superdrug or amazon or boots or whatever.
ODX are increasing production capacity to 50 million tests per annum and will sell fifty million tests per annum at good margin into a massive global market.
After design freeze and sharing of the tech, what the other consortium members do is irrelevant and will not affect in any way whatsoever how many tests ODX can make or sell.
Massive global market. Capacity to make 50Million X £10 worth of product per year = £500Mill projected annual revenue.
This will be flying again tomorrow as smart money who understand what’s happened here load up.
RNS or not, we’ll be back up in the mid 70s tomorrow and maybe higher.
Knocking on the door of 90 again by Friday close if nothing has been confirmed by then.
GLA.
Ha ha muppets who have done no research at all. The company have just expanded capacity at Alva and advertised for 20 new lab techs.
The company will increase production at Littleport also near term and move up to producing over 4 million tests per mont which will be approaching the 50 mill per year which the CEO has obviously told the Sky News host and had to back peddle on.
This will fly up well over there when all this is confirmed.
Here’s the current capacity and near term expansion plans. Just add it up....
“ Hello
Thank you for your message.
Our current capacity for lateral flow tests at Alva is 100,000 tests per week. We are currently in the process of increasing that to 200,000 tests per week and looking at options to further increase to 500,000 tests per week.
Our capacity in Littleport is currently just under 50,000 tests per day. We are currently looking to increase that to 100,000 per day.
We only have two manufacturing sites.
Best wishes
Omega Diagnostics“
Lol. Weeks and weeks of news coming here now.
CEO wouldn’t have gone on Sky News to make a clown of himself if they haven’t achieved the 99% accuracy bar they were looking for.
No idea why we’ve had no RNS. Suspect it’s something to do with gov wanting to announce first at coronavirus briefing tonight. If so then there’ll be a company RNS at 7am tomorrow.
That first RNS will be the catalyst for a stream of price accretive news for the market to get exited about: Confirmation of increased capacity, Government Orders, confirmation of margin and financials and income, further orders from overseas customers, confirmation of production of the Mologic elisa tests and margins....etc etc profit profit profit news news news.
It’s all going to happen. This is just the beginning. Just wait for the media frenzy over this too. Sky News just the beginning of the publicity.
Nothing to worry about here. Just relax and enjoy it. GLA.
TheMuir.... Change your name to “TheMagoo”.
Still not seeing it. Dear oh dear.
Try doing a little bit of research instead of making an ass of yourself banging on about lab tests which were discontinued by Superdrug and which there was big fkn article in the mail about only yesterday saying they were basically banned and labs had been told not to process them.
FFS. Try to keep up Magoo. Lol.