Worst case Valuation - £££££££££££££££££14 Nov 2020 15:22
Worst case valuation would be that there has been confirmation that a 3 billion order for vaccine doses is in place. The Abc19 test is our lowest profit margin test. If we used full capacity in April of 2 million PER WEEK (potentially 2.5mil as announced by CK) at 75 pence PROFIT, (again, Colin has said that this will be slightly more), just for this, our lowest profit margin test (any other test we produce would yield more profit) then we are looking at:
.75 x 2,000,000 = £1.5million per week PROFIT
1.5 x 50weeks (allowing 2 weeks Xmas shutdown maybe)
= £75,000,000 PROFIT P/A.
That is worst case scenario. Given the Antigen, CD4 etc with higher margins then this figure will only improve. So we currently have an MCAP of circa 75% of 2021’s profit (not revenue) as we stand, with an absolutely WORST CASE scenario.