So. A new one post wonder. Hope Dentons and Samuel Wordsworth don't read the post!! They might do runners! While I know the UK press can get it wrong, I have absolute faith in the credibility of the Kosovo press!
To be slightly more serious, if skullduggery is involved who would I trust the most - CG or the previous Kosovo Government?
RE: The final piece of the jigsaw?08 Jul 2021 12:58
Airbus approval is a vital, albeit expected, achievement and has had no SP effect. However when we announce production orders we will see a steady and sustained climb because we now have the production facilities to deliver. We're close to break even anyway and so because of our high margin profits will rise quickly. In addition the credibility will attract new customers. A pound a pop within 2 years! However we will possibly need new reactors and possible new premises PDQ so initial profits will be limited and so will divis but the SP will start to recognise the potential.
It was in 2008 that we started testing with Airbus. At long long last we've managed to jump through all the hoops thrown at us by Airbus. This is a fantastic achievement and a wonderful testament to the tenacity of HDD and the capability of the BoD.
Hi NiptSteve, I'm beginning to think there's little margin in the Boots offering for anybody else except Boots! There must be margin in both your purchases for them. Say Boots slice is £30 because they surely wouldn't sell the 2nd test for cost. So that means that out of the £97.5 you spent £37.50 has to pay for making 2 tests. Then getting them to boots and getting them back again. Then running the test and reporting the results back to the purchaser. Can't be much in it for us? Or have I got that wrong?
Hi boris, The SP is some 7 times what it was worth some 2 years go and although the revenue did show a good rise last year I think the market is waiting for the 1st half trading update. Bearing in mind the deals done last year then they should show strong growth. Bearing in mind the deals done last year combined with this year then the 2nd half should be even better. I reckon it's just a matter of the revenue catching up with the SP. Onwards and upwards!
Indeed it is 'At last' It's taken 6 months to go live but at least in the meantime we've done deals with several suppliers so the effect on the 2nd half figures could be quite good. Should be an interesting half year update next month.
Hi Threeskins. I'm largely in agreement with you, my initial shares in Premaitha came from my involvement in Vialogy and I first purchased directly in '14 and I have topped up every now and then since. My attraction to the company was the NIPT product that was top quality with not a lot of competition so capable of achieving a good margin. The subsequent acquisition of Elucigene maintained my view.
When we developed the Clarigen test this board was awash with posts re this. However my view was that the Covid test was counter to the point above. My thinking was that because every body and their dog was also developing tests it was clear to me that the high amount of competition would erode margins and long term was not the our core business was being developed.
Don't get me wrong, I think it was advantageous in that it promoted the company and demonstrated our nimbleness and ability to adapt to current events and develop a gold standard product. The sales will be most welcome, albeit at lower margins, and will prop up the year end figures and give us time help us to recover and develop our core business. As an example the recent US deal is timed to come on stream at the start of our next financial year and so be a long term and hopefully incremental revenue line. I hope the market appreciates this and that we are capable of this type of long term niche products that we are able to develop, and improve, with little competition. I'm certain this where the long term profits lie.
As I briefly mentioned in my posting of the 7th I think Fox has a real problem with block sales because of the world shipping problem. The BBC news sight has a story re container freight rates that are some 4/5/6 times the usual cost. In particular South China is badly effected and they are an important market for us. There are long waiting times to load and unload which are dragging on. The cause is that Covid clogged things up originally because of slow loading/unloading and then the upsurge in orders caught out the unavailability of empty containers because they were in the wrong place. The recent Suez blockage didn't help.
The winter quarry shutdown means that we can't actually quarry but if there's room perhaps block could be at least stored and perhaps even be shipped in the winter? Looks as if you had a good point re block sales brainspark!
RE: Are we almost there ? Are we?15 Jun 2021 23:05
Hi saintly and jmidland - yes, we are almost there! The inspection by Airbus next month is a formality. The bureaucracy at Airbus is horrendous. We are already coating parts for the beluga wing carrying aircraft and the OMR market is poised to order anyway. In addition - the O & G market is coming back. In the long term this will disappear but the steam turbine blade testing will by then be completed and in production. The gas turbine market will require a longer testing program but the total production combination of both turbines will be absolutely huge. Each turbine has thousands of blades!
Well maybe. The drop may be overdone. Dukinfield has been sold and at long last a reorganisation is going on. Revenue and the order book are up. If Marine proceeds to sale then the CaPS division, which has the greatest revenue increase, will become more meaningful. Considering covid-19 then I'm not to concerned re the increase in losses. Not saying it's rosy but there are mitigating factors. Any cash from the sale of Marine will put a different complexion on things. Of course It's a mixed bag but not all doom and gloom.
Looking forward to tomorrow - although the update of this year will perhaps be of more interest as we may get some comment of how the sale of Dukinfield has effected the accounts for this year. Can't think there'll be anything meaningful re Marine though.