Member Info for RegulatorUK

Some nice movement showing across a range of Covid stocks, which were all down yesterday... I think it could be a good day generally today.

Whilst we're on about France, it appears that there is a new Covid variant emerging in Brittany.

"Makes it even more perplexing how France got their vaccine attempt so wrong. Unless I'm reading into the post brexit spin of course. :) "

Do you know how many failed vaccine attempts there have been worldwide, including in the UK?

"Other countries are developing their own lfts, it's not as if the whole world are sat idle waiting for Britain to produce an LFT."

Lots of LMI countries don't have the capacity to develop these tests.

"Countries egFrance and Germany etc can't even assess vaccines properly/don't have the intellectual and physical resources we have."

That's bo110ck5! For example Bionta (as in Pfizer/Bionta) is a German company. Frances' biotech sector is huge.

Section II.1.7 says:

II.1.7) Total value of the procurement (excluding VAT)
Lowest offer: £50,000,000 / Highest offer: £374,000,000 taken into consideration

https://www.find-tender.service.gov.uk/Notice/005133-2021?origin=SearchResults&p=1

The £50m reference remains in the notice published in the official Find a Tender portal. Bidstats is not the official portal.

Lots of buys from Friday now being reported... including some quite sizeable ones.

"Surescreen is not getting validated in Porton down , facepalm, their test is already on the market. Yet the government are waiting for a test to be validated via Porton down. Thinking emoji."

SureScreen's test has passed the Porton Down review process (the only test confirmed to have done so to date). I think the reason it hasn't already been picked as one of the sovereign test, and neither have any of the others is that MHRA and PHE changed the LFT TPP and review prioritisation criteria. I think the established UK tests are being given an opportunity to tweak their sampling process in order to comply with the new TPP before any formal announcement is made about which test(s) have been selected as sovereign tests. After all, the government wants access to as many tests that meet the requirements as possible going forward.

"Said it before and will reiterate I am genuinely pleased to see transfer of shares from fickle people like this to people who have belief in the company and share at this price. Hopefully a few days of high volume confirm the transition.
Bangbang"

I have to agree. I've always said this is a stock for the long term investor, not the 10%er...

"https://twitter.com/JimBethell/status/1371506433729126403
Saying ODX will provide 2m a week by the end of May . . . so are we on track to do this by the end of April as originally planned? Or have we lost a month?"

I think ODX is still on track for end of April. Not sure that GAD is, as it's build up started after ours.

"does him saying its mologic mean bad news for avacta or is it the same thing im losing track"

I think the reference to Mologic/GAD is in relation to manufacturing capacity rather than a specific test (although it would be nice if it was in relation to the test).

The reality is that there probably won't be a single 'sovereign test' and ODX will end up manufacturing each version of the 'sovereign test' over time.

"Be interesting to see if there is a rise in SP when the US market opens at 2.30 our time? They will get in at a BARGAIN price after today's news"

ODX is not traded on the US market. If they wanted to buy then they'd buy when the UK market is open.

"I’m looking forward to the publics response to the new lft which don’t involve sticking swabs up their nose and down their throat."

The new ones do - just not as far.

"Will be interested to see after hours...
For any big buys today."

I think we'll see a few late notification of big buys over the coming days.

"Regulator...
Are you not a little bit disappointed with the rns today?
I'm always interested in your posts and read them thoroughly...
Regards lj"

No - I think it was necessary because:

(a) a material Contract Award Notice had been published over the weekend); and,
(b) the misinterpretation, misunderstanding and misrepresentation that was going on on social media (including on here, e.g. where there were claims we'd be getting £374m per quarter) has the real potential to impact the share price.

As I've always said, I view ODX as a long term hold. I've got a large chunk sitting in my SIPP that's going to help fund my retirement fripperies, when I retire again*.

Lots of people are concentrating on the Covid side of things but, as the likes of Tonic and Merchantbanker point out, ODX is about much more than that... and those other aspects will come to the fore in the coming years. Colin has been very canny in using the last year to consolidate relationships with a number of other businesses, to grow the business and position ODX at the heart of UK (and world) diagnostic manufacturing.

*I retired a few years ago in my mid-40s but got bored. My other half has another 7 years before he can take NHS early retirement so I'll probably carry on until then.

"My opinion is that the previous arrangement/framework was binned in response to the GLP action taken against the Gov."

I think it was binned because the government's policy of herd immunity (which would be measured by widespread antibody testing) was replaced with a policy of suppression (which relies more heavily on antigen testing, with lower scale antibody testing, and vaccines).

With the EU and the WHO now beginning to take vaccine virtual green card (they're carefully avoiding the word 'passport') discussions forward I think we'll see a further growth in interest in antibody testing. That will be a significant fillip to the UK-RTC.

"I'm afraid RNS's here are the curse of Satan. Only last night he hexed the SP by shouting he is a rich man, no more work behind wok."

Did he mention how many shares he supposedly holds and how much they costs him? He still doesn't seem to have noticed his mathematical error in his story...

Seems the idiots are out in force.

I'd be happy with c. 105p today. I'd rather a nice steady rise until the next RNS rather than large jumps up which are then undermined by day traders and MMs.

"what is Colin playing at?"

He was clarifying the position given the complete nonsense about the Contract being posted on social media - including this BB.