Member Info for PL75

I enjoyed the interview. I think they’re on the right track, without naming names (even though obvious) GC is clearly happy that the company is now moving forward without distractions. They have a machine for prototyping and they have partners that can deliver at scale to a global market. No matter the view on the longevity of masks for Covid in particular, as they’re targeting professional environments, the need for the best possible protection from viruses will not disappear. Alongside this strategy you then have new and exciting projects and P2F will get first dibs. As he described, they were never intending on being a manufacturer, so they can now leave this to those that know best and focus on the future from a confident base. It was an interview that oozed confident strategic thinking. He came across very well. He didn’t give anything away as you’d expect, but I got the impression behind the scenes they’re making good progress. Well done and thanks to Gareth, it was nice to hear directly from him and to hear an open conversation about the story of where they are and where they’re headed.

I don’t understand. We are a major diagnostics company. Billions in revenues and world leading tech. Just give it a few months...

Maybe they won’t put out an RNS as it’s just a bit of confirmatory admin, but mainly just to have a laugh watching this BB and the increasingly irate reaction

Get your coat ST, you’ve pulled

We’re already in that position. We have private agreements with companies that have contracts with the govt, but we’re still planning on selling in to Europe. What’s the difference if Medusa do have their own manufacturing? It depends on how crystal clear the contract was for the profit share. If they’ve made huge investments, they’ll be wanting a return, the partnership muddies the waters a bit as it’s not as clear.

Here’s another scenario, they produce their stockpile and want to sell it DTC for increased margin but Al wants a deal with a European govt. Who is calling the shots? It’s messy, they have the rights to sell exclusively, but it’s a profit share. There’s always been a question mark over where they would get their product from. If they’ve got their own capacity to resolve that, that’s works for all in a lot of ways. They crack on, sell wherever as we still make money, how much, who knows as they can load the costs. It’s all additional, so we’d have:

- possibly a govt contract - via UKRTC
- definitely 5m+ for Europe - via existing contracts and newly ‘inked’ ones
- low possibility of US
- Xm via Medusa selling DTC and wherever

I’m just ignoring the latter until it turns up and it’s clear how it’ll work. There’s plenty else to look forward to.

There are no further negotiations, they agreed to a profit sharing deal for DTC sales. Part of the cost element is manufacturing. If they’ve secured their own manufacturing, smashing, if not it’ll need to come from somewhere. I just struggle to believe they’ve managed to increase their capacity to be the largest LFD manufacturer in the U.K. by far during a time when every govt in the world is looking to procure capacity. Especially when it would have been sat idle as they’re not getting sales for their pointless test. Access to a supply chain means they have had access through their own partners for their pointless test to increased capacity. How large that figure is or if it’s true, who knows. It might be suitable and they might be able to help broker a deal to provide access to this capacity, but these are all complete unknowns. We’re all praising their business acumen, they’ll be recouping their costs - how much of that will be shoved through as an extra margin on their side? They can subcontract to a subsidiary within their group with high costs and siphon off a chunk of profits, how tight was the original deal? I don’t believe or trust them, but if they rock up with huge capacity at bargain rates then I’ll happily munch on humble pie.

Scardey, don’t suppose you could ask your new bezza Christian what their manufacturing capabilities are the next time you’re caught rummaging in his bins? Just mention his dazzling youthful looks, he’ll be putty in your hands

My view - Medusa talking about their increasing capacity was a marketing ploy to try and get some fomo going. Oooh they’re expanding, everyone must be using them, ooooh better get me some pointless antibody tests too. I can’t imagine they’ve managed to scale to 100m in a short time period when the govt haven’t got that capacity in place with the help of various third parties, Toyota being the latest. Medusa just reeks a bit. As ever, delighted to be wrong.

In the U.K., you can add ODious and Ciga to the list of potentials. As the other members of the UKRTC you’d imagine their capacity would be included.

I won’t believe it until I see it. Access to a supply chain for a different pointless test doesn’t mean they’ve a shed full of Ginolis ready for raring to go.

I’m not sure it’s changed, isn’t that just an annual confirmation, next one due the same day next year? Under their Group structure they’ve also got Medusa19 Health which was incorporated in Nov with the same SIC code

The latest of many many reincarnations of AP, bless his spammy socks. You can spot them a mile off, he changed the name on that account but I already had it clocked as his. Less is more AP...

Not just for our financial benefit, we’ve got to hope that the focus on vaccines is to support the short term. They’re spending billions on testing and getting the infrastructure to support test and trace - which is what a lockdown should be used for. Here’s hoping they deliver on it and don’t rest of their laurels because the current stats look good (Indian variant aside)

Yup, and those attitudes prolong it. There’s still a huge need for testing and social distancing with a successful vaccine roll out - I don’t think the govt are doing the right thing at all in suggesting not needing any social distancing beyond their final step on the ‘one way’ route back to normal. Using vaccines to shield from serious disease sounds great until it’s swirls around in the population continually and mutates to escape the vaccine. I fear the dangerously lax attitude will get increasingly worse when monitoring and control will still be hugely important. Back to the thread though, on the flip side, we’ll get richer. Look forward to meeting you all on the archipelago of islands that we’ll own

It’s not a moral dilemma, the successful deployment of regular mass testing would help to contain and control covid. The more successful they are in selling tests, the faster it in theory ends, turkeys voting for xmas. If we could get to RK levels of sales, billions a day and accessible to all, then the r level would drop like a stone. We would all be exceedingly rich and the world would be better for it. At the moment, global testing capacity means that the more likely route out of it will be vaccines. With slow global roll out, mutations and politics it’s looking increasingly like the long haul. I agree with the sentiment, it’s all getting a bit boring now so let’s have a balance, we just get rich rather than exceedingly rich and it dies out sooner rather than later.

Good of him to confirm they’re following MHRA protocols :-)

They're expanding to 3m/week and no matter where the orders come from if they get a quid a pop then they're bringing in £150m annualised revenue. The LFD market is likely to thrive for some time and the connections made during this pandemic will serve them well. Having said all of that, that's currently their ceiling so I'm as opportunistic as the next man - and that's macca. I bought because a fall to 54p for the delay of a payment from one financial year in to the next didn't warrant halving their IPO price. They're already bouncing back. I can see them doing well, but it'll be shortlived compared to the potential here as Abakta have the accumulated benefits from multiple manufacturing partners - never mind AVA6k etc.

Just the same size? Show some ambition Pigster...

I know I'll definitely be raging at £137

Don’t be thinking it’s all coincidental that if you double that ****** ************ **** 137p you get 274p...

Oh, yeah, I got some at the bottom too. Don’t think I mentioned that....

Great company, they’ve just posted this article on twatter...

https://www.globalcitizen.org/en/content/why-covid-19-testing-matters-as-vaccines-roll-out/