Multi-bill?9 Jun 2020 05:09
Still trying to get my head around this one.
How many sites are we targeting and over what time frame? Reading prior announcements it appears the collab with W2T and PEEL is for a minimum 11 sites initially, then targeting 100-200 sites in the UK alone. So at 100 sites, there would be £50m up front plus a further £50m per annum to PHE. With the potential for many such partnerships across the globe, one can easily see the excitement for a multi-billion company.
Now to the psychology of investors. I would think that there are some long term holders who may be selling and wanting to come back in at a lower price point. After all, PHE has had run ups and then crashes in the past. However, I would expect that many of the new buyers now are in for the long haul and would not be interested in selling at this market cap, given the validation from PEEL with a now proven tech.
I would love to hear comments from those who are following this more closely.