I'm ready for being taken down !!29 Sep 2021 16:49
Earlier this year. Nice
Numis’s target price of 990p would give SNG a m.cap of over £1.5bn. While at first glance this may seem fairly lofty, it is hard to argue that SNG is due significant upside should its trial to be a success – a combination of successful trials, the inevitable confirmation of orders and a look into the future of the business should help it get near to this valuation. The big IF is around the trial, should this be a success, the rest will inevitably follow.
While news of vaccines and increased speed of roll-out is promising, the reality has since sunk in. Vaccines will take a great deal of time to be deployed and will not guarantee immunity for all, meanwhile COVID-19 is as dangerous and transmissible as ever.
Providing it is a success, SNG’s treatment will surely be at the top of the list for every hospital around the world, not only the NHS.
For investors willing to take a leap of faith, there does appear very significant reward on the table.