Our client sold a property and put their proceeds here27 Apr 2020 11:11
Our client sold a property and put their proceeds here, they managed to get in last Monday above 90p and has topped up again today.
We believe Genedrive is severely undervalued based on their ability to provide their covid 19 tests to developing countries and on basic revenue calculations for their tests:
10,000 tests per hour x 12 hours a day = 120,000 tests per day
120,000 tests x 365 days = 43,800,000 tests per year
43,800,000 tests x £2 (affordable sales figure per test) = £87,600,000 test revenue per year
£87,600,000 divided by 2 (with Cytiva) = £43,800,000
£43,800,000 x 5 (Pharma revenue calculations for marketcap) = £219,000,000 marketcap
The above calculations are based on conservative figures and Genedrive performing of course, which we are confident they will in the near future.
We expect a RNS this week or next, stating they are ahead of schedule with Cytiva, just like Avacta had posted with Cytiva.
GLA and do your own research. But most importantly stay safe.