Member Info for PSB123

Similar story to Guardian, Daily Mail and Independent but now in The Times too

https://www.thetimes.co.uk/article/us-raises-alarm-over-innova-medical-group-covid-test-kits-used-in-britain-fqvqwpcwz

I got a reply, copied below. Suggest it’s worth a number of emails from investors to keep this front of his mind and get him to pressure Han**** on it

‘Thank you for your email.

I continue to discuss coronavirus testing with my colleagues in the Department for Health and Social Care on a regular basis, and I will mention your concerns and the Avacta test to the Minister when I next meet him in the Lobby. ‘

Superior not support

I’ve emailed him asking what he is doing as our local MP to pressure the UK government to procure the dramatically support Avacta tests instead of the Chinese imports from Innova. Won’t hurt for him to get a few emails along the same lines

I can’t remember the exact wording used but I took away no further dilution for M&A and even wrote that in my notes.

I definitely left with the impression that any acquisition would be debt funded but I’ll be honest I assumed it would be after the refinancing

So we’re expecting further data to be released this month. Any (educated) guesses at roughly when?

If it was a worked trade why would it show twice? (Ie the buys are the same as the sell so it would suggest two trades rather than one and why at different prices???)

Agree it’s a big coincidence though and a good spot

Roll over maybe?

Quite possible. Although I;m sure we said we are talking to 25 distributors. I’m sure Abcam will be one of them but I bet there will be others too

Surely by definition professional use isn’t ‘direct to consumer’?

Looks very good on ESG metrics. This is very important, particularly to II’s and future capital allocation. Not having had as much clarity previously on this will have held us back so good to see this highlighted

Just hearing holding music on my phone that restarts every 15 seconds or so and a swirling ‘will begin shortly’ on my iPad. Assume everyone has the same and I’m not missing anything?

I know it’s not going to happen but I would love to see AS up there one day explaining the benefits of LFTs (and why AffiDX is so much better than the LFTs that have been used before). He communicates so clearly it would be awesome to hear him talking to the public. I genuinely believe as well as being great for Avacta he could make a real difference to the amount of understanding (and testing) in the country

Just done a bit of research into these guys and this looks like good news to me.

Their tech reads LFTs even when the lines are hard to read. Based on what we know that would turn AffiDX into a 10 minute LFT. It also captures location data for where positive and negative tests have been taken which will be enormously useful for the government. It’s available as a standalone app or as an SDK which means it can be integrated into other apps.

They’ve been granted emergency use to be used with Innova but the RNS makes it clear that is only because right now Innova is the only authorised test and they will be working with other tests when authorised.

I like the sound of this a lot as it adds even more utility to LFTs which can only be good for the best LFT out there

Sorry, not sure what we should be taking from the link?

Definitely crossed my mind that something has happened with Fincap, they’ve had a massive spread for days and not been anywhere need the bid or ask and this has gone even further to a 100 point spread today.

May have been a falling out. Is there something I should take from the LSE link though?

He just said he’s giving a speech tomorrow on how we ensure the UK remains a global leader in medical science / innovation. Potentially interesting timing

Some of the bigger orders pushed up their price through the auction too.

One order for just over 27k shares started at 250 and was at 256 by the time it closed. Some other big orders increased their bid price during the auction too. Looks like they didn’t all get filled by any means

Anyone watching?

Over 110k shares demanded above the 253 bid, nothing like the same on the sell side. Expecting a big uncrossing trade and unmet demand heading into tomorrow morning

Last time we had a full Q&A issued that covered all questions asked, including those not answered in the meeting.

Does anyone know if we are expecting similar this time and if so when?

Yes, I thought this too when I saw it last week.

Previous comments indicated they were getting samples / testing it against them in the UK then announced last week that it worked.

Could only have come from uk validation I believe

Massive is an understatement!!!

- Confirmed detects SA variant
- In active discussions with Dept of Health as commercial route to UK market
- Aware of very significant demand in Europe
- US demand too, worried about being able to manufacture enough
- 30m UK manufacturing a month
- Overseas manufacturing on top of that
- Extra detail on the CV was awesome

This is the best investment opportunity I think I have ever seen!!!