Press Round Up part 210 Jul 2020 10:08
The Guardian has (my summary) : Coronavirus: new outbreak prompts Hong Kong to close all schools; new spike in Melbourne; warning of CV19 storm in South Africa as outbreak accelerates across Africa; reiterates the WHO warning that the virus is accelerating and has doubled in the last 6 weeks. Tokyo pays clubs and bars to close after spike in cases and Leicester businesses in fear over possibility of August lockdown. Finally criticism that test and trace isn't going fast enough or far enough to assuage fears and get people out to shop and spend. ODX time is now. Once the placing finishes clearing this share will rise and rise. You'll be crying if you sell at these prices and you'll be laughing if you buy in a few weeks. I'm committed more or less fully but I am still thinking of giving up another underperforming share and adding with that. No brainer.
Best in class antibody test- part of the government initiated and backed consortium. Capacity to produce 2 million tests a week. 2 different tests finalised and waiting for final MHRA approval and 3 more to come with commercial partnership with Mologic. The lead for the UK strategy, Professor John Bell a regular advocate on TV for the antibody test- channel 4, Newsnight and Sky news coverage too. Fully funded for a massive expansion of facilities. UK Government tender for test and trace strategy is already out and has a confirmed £10 billion investment set aside by the Treasury. Once more - absolute no brainer.