Member Info for ThePurleyKing

50 million tests per year for the UK (66.6m people) is not nearly enough.
Lots of people will need more than one.
What would send this back up to 90p+ would be news that RTC needs 1m per week from ODX and we've agreed to move that capacity from Mologic.
Some idea of anticipated profits would be good too. I'm happy to hold, was not expecting a huge spike on DF, but if it helps us churn through all those placing shares then thats not disastrous and can look forward to a steady rise in the coming weeks.

Apologies if this has been answered previously, but all of my ODX are in an ISA which is fully topped up for this year. No cash in the account at the moment, all shares.
I can apply for shares, but how am I going to pay for them? Presume I'll have to sell something to get cash into the account?
Am with ii if that makes any difference.

It can't be a "how accurate is it?" test, as they won't know if the people taking it have had covid or not, but it could easily be a "how easy is it to use?" test.
I hope I'm wrong, but I can't see design freeze happening until end of the month.

I think our patience will have to extend until the end of June.
If the tests being done in NI are part of validating things, then I can't see that all being done and dusted in a day or two.

If that really is the case, then I'll amend my slice target.........
Is it confirmed?

Found on twitter:
https://effectivenews.co.uk/bbi-solutions-welcomes-uk-rapid-test-consortium-covid-19-progress/

Mologic are selling almost at cost to African countries. Whilst its great to get contacts there and get a bigger footprint, financially its not a big deal at all.
Selling to the US/Canada/EU is a different kettle of fish altogether, if that happens.

Gawd knows where we'll end up today.
Genuinely cannot understand this, but am holding for the longer term.
I missed out on NCYT but they had a similar dip just before exploding. Hopefully we're following that pattern.

Trading money will not be in here for another couple of weeks most likely, so I expect us to sit within the 65-75p range until towards the end of June.
This mornings RNS substantially derisks things, but I think most people are already fully loaded here, so I can't see an RNS basically saying "Wait til end of June" is going to move the needle massively.
If we don't hear anything for a couple of weeks, I expect the SP to rise in anticipation.
Happy to hold and wait and there is always the chance that something drops completely out of the blue and I don't want to be caught out.

Is design freeze the chemistry of it all working or is it the chemistry plus ease of use?
If it’s both then understandable that we still don’t have it if it’s still being tested for ease of usage.
I’m no expert but would have thought the accuracy of the test is a harder but to crack than how easy it is for people to use.

Kp4eva - would be very interested to see a photo of the kit!!
Hopefully it is plastered all over with odx logos :)

Any other theories apart from a leak?
Very strange otherwise.........
Would be great if everything got confirmed tonight!!

Snowking I agree that we should have acted far sooner and lives have been lost unnecessarily as a result. I’m also massively hopeful for odx future.
What I was trying to say was that fast forward 2, 3 years unless we want to still be social distancing then herd immunity through vaccination or percentage of people exposed is the only way.
Track and trace through antigen testing will not work imo. Half the country will have been told to isolate in pretty short time. Add antibody testing to that and it’ll be much more effective.

With something like this, for the UK, herd immunity is the only way out, whether through vaccine or everyone getting it.
That was obvious right from the very start whether it was said out loud or not.
I’m looking forward to next week but I won’t throw my toys out of the pram if we don’t get news.
What is exciting me more than UK sales is the potential for this to become a world leading test. If it is as good as we all hope it is the real money will be in selling the manufacturing process abroad.

I think we'll tread water now between 65-75p until news drops.
The phrase CK used "summer months" does not feel to me like it'll be in the next few weeks, but design freeze has to proceed them getting on and making it, so that could come at any time and then they spend the summer months (and beyond) making them.
A fair bit of trading money will probably move out next week if no Monday RNS. Shouldn't bother anyone really, it'll definitely happen, just a question of when and timing has never been my strong suit, so I'll just wait it out.

My understanding is they mean they don't know of any material reason "in the public domain" for the increase.
If they get the nod tonight that design freeze is achieved then they'll RNS it tomorrow. They may even know its very likely in the next 24h and that RNS would still be accurate

That would be, erm, nice!
Sounds like we are selling at less than £10 in the UK though.
The thought that we could sell the manufacturing processes overseas is very exciting as well.

Any back of fag packet calculations?
I will guess £2 margin, so £100m in clear profit per year, plus possibility to sell manufacturing processes abroad.
Not sure what PE to give as this may not last forever, but either way we surely must be looking at £500m minimum?

I think a dose of realism is useful from time to time. There are clearly risks in obtaining funding cannot deny that and to ignore it completely is a bad idea.
Only have to look at the countries darling of yesteryear sxx to see what can happen when you don’t get it.
I’m happy with the risk reward but that’s not to say it will 100% go ahead.

oooohhhhh - now that is an interesting statement..........
Can't see that it would be anyone but us? Did he say who is sending him the tests?