Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I was wary of selling as it doesn’t dispel any of the official news, but much of the supposition / ‘research’ on LSE.
We are a long way from seeing income on this project, in my view.
If anyone would like to see the prospectus, I have created a throwaway email.
The email if you would like to receive a copy of the Abingdon Health prospectus is trilla1337@gmail.com
Y/E 30 June 2020
EBITDA at Abingdon last year was 800k. Nearly 1m in profit is nothing to shake a stick at - however you will note their involvement in RTC is 100% higher than ODX. Let's see the price premium placed on Omega since RTC announcement - I think that's where they see the valuation coming from.
He probably got banned for posting live prices, it's against the terms of LSE.
They make mention of a plan produce 1m units per week by end of this CY.
This isn't just for RTC, but their revenue is only £5m pre-covid so expect it's mainly RTC.
I have read the prospectus cover to cover and there is good news. This is all 'research' and therefore not advice.
It appears that everything is 'on track' as far as the MHRA approval is going, and the government orders though there is no other Purchase Order currently in place other than the initial 1m units. There is a framework for £75m that orders can be drawn down upon - but the intended use is home/workplace testing.
Professional use only will not attract the kind of orders that we are forecasting. Abingdon get 50% of the RTC workload, so anything thats good for Abingdon is good for ODX - just twice as good as for Abingdon.
@SneakySimon there is indeed - and there is some pertinent information in the prospectus but not really anything that isn't available to the public.
There is some honest appraisal of what is contractually 'signed' by the government right now and it's interesting reading. Their revenues will be out of this world in FY21 as they are procuring everything on behalf of the RTC.
@HyperMarlin I participated in the placing for a company called TRX and have clearly been earmarked as a sucker that they can tap up at any time.
Interestingly the DHSC contract has a clause in it that if MHRA approval is NOT received by December 25th - The DHSC has the right to cancel all outstanding orders - so there is a hard deadline there.
I've been invited to participate in the bookbuild for the Abingdon Health IPO.
I think I will try to place £50,000 - subject of course to scale backs. Book is closing tomorrow.
I am interested to how another 'public' route to the RTC will affect ODX.
What are your thoughts, is anyone else participating ?
Cave is a PI and isnt even on the board...
The machines dont make that much money, the stuff that powers the machines (test assays/test kits) is the real moneyspinner.
Thats why the DHSC one is so much. Its not 470mln btw at this stage, it's 150m.
There was a successful vaccine announcement, RNS is irrelevant and has likely tempered the drop.
RNS is great news long term, vaccine news is bad news short term (for the SP).
One outweighs the other sadly in sentiment. The market also has one eye on the AstraZenica vaccine which is due readout any day.
I think further Vaccine News is incoming - looking at main markets have just spiked and covid dip same time.
There has been some news in France around Vaccines, hence the sell off.
Will rebound at about 8:30 green
I think the fact that this is IN ADDITION to the golden egg PCR income that is going on is what sets us aside. Most others don’t have this, and haven’t commercialised either LFT yet either.
This is really unreliable on Mondays, check 5-10 mins before open and it usually comes to life.
This website... have you even looked at it ? Might as well be an eBay store - selling hand sanitizer and gloves... an embarrassment.
I suspect they will be getting a legal letter from the consortium.
Antibody testing is needed alongside vaccine - not necessarily one made by ODX. Its a good bit of news, it's NOT the same as an 'order' what a ridiculous point.
This is the kind of ramping that new people should avoid. Its a tweet that isn't even from ODX, it's from CIGA who are not regulated by the FCA.
The old adage, buy the rumour sell the news rings true here.
CIGA Out here tweeting about 3bn unit projections, ODX out there wishing everyone a happy Diwali.
Walbrook have to go.
Literally a verticle line up on the Google Graph - looks like the rise has some legs. I expect it will get to 25% today ! Fair play to holders. Are people able to sell/buy atm or is it all NT ?