Member Info for TWatcher

From Finncap
"exiting Alva and moving CD4 to Ely is expected to yield £2M of annualised savings."

But then
"CD4 activities are due to relocate to Ely by Sept 2022.In view of the costs involved in the transferthe board intends to review other strategic options....."

So its going to save them money, but it might cost too must money to move. It looks to me that ODX is transitioning to an entirely "manufacturing lite" model. Which is all well and good. But in the 2 years I've been into them, they have not designed a single test, just TTed others. So if they don't do test design, and don't do manufacturing, exactly what will they do ?

Some of Marik's pearls of wisdom in his approx 300+ posts since he arrive on the ODX board on the 31st of January.

"not immediate"= can be interpreted as long term
Buyout for £275M
Its not happening (even though the company specifically said TWICE that it WAS happening)

half=have

meanwhile regulator is shouting "only have way thru a pandemic...need loads of uk lfts....nothing to see here", on his street corner.

so quick calculation suggests that after the rumoured placing (lol), the company will be worth around£10-£11M.

That £275M buyout that spidy Marik sensed as happening is going to be paying over the odds a bit.

they are 4p shares issued at 5p :)

it really is 4p...they said so. Unless that just counts as a rumour ?

Be good to see the gov spin this one, so much for building up domestic LFT capability from UK companies. ODX got shafted so badly that they ended up selling their entire scottish manufacturing capability which they had prior to coivd AND owing the UK gov £2.5M. Uk gov managed to build up domestic supply of chinese tests instead.

ironically, it looks like when it is all done and dusted, ODX will sub contract manufacturing of the visitect test to orient gene. Meanwhile, china gets a UK LFT manufacturing plant.

Comical.

I await the usual suspects coming on to tell us about the crap chinese made visitect test :)

Of and I see ODX is spreading that rumour of a placing again. We'll wait for Marik to get out of school for a comment :)

" @oohhhthatsnice (TWatcher) "

What in the name of gawd is this guy smoking ?

speak to his mum waiting for him after school ?

If they had sureity of the need for increased capacity, they'd just knock out 600K a week using existing capacity to whoever is looking the biggered order and have £7M in profit in 3 months, no dilution/ raise needed.

And sure haven't they told us they have "access" to the gov machinery. Just agree to pay them the £2.5M and bingo instant 2M a week capacity.

Marik, the guy that went from not a single post on ODX prior to the 31st ofJan, to 267 posts since that date.

"I am fortunate to be in profit, will most likely be for a very long time to come"

Marik, who "sensed" that ODX might get bought out for 90p+ a share, a few days before the company announces a conditional fund raise at 5p a share that values the entire company at less that £20M.

Clearly, one can see how he magiked up a profit in his head.

So appears that the next "lorry-watch" will be the removal lorries.

"Don't think they'll get many new investors"

Someone write done the date and time, Calderkate had an original thought about ODX.

They already conditionally have investors for the £5M.

Given the figures talked about (£5M and possibly another £2M), its seems pretty clear that they don't have expectations of selling even reasonable quantities of LFT in the immediate future. 3 months of 600K a week output would get them around £7M profit.

so whats the weekly LFT capacity without Alva ?

"being explored", means its the company looking at some corporate action, not that they have negative action against them in my opinion.

It could be a buyout and going private, it could be a takeover (Mologic/ABDX/Surescreen). Given the 5p fundraise, the price that impies the entire company is worth ( except the slight outlier, Marik who is expecting a £275M bid any day now), might make their manufacturing potential look attractive, although I repeat that having the factory up in the relative "sticks" could be a negative.

The company told you last week they were discussing it
The company told you just now that they have continued to discuss it all this week and nt fact have a conditional agreement for 5p.

So, one can guess what the chances are of it not happening.

I wonder whoever is prepared to put most of the £5M in might be demanding that the directors make a substantial investment too ? Perhaps that's the coporate stuff to which they refer ?

You need to have a chat with that action group crowd....no wait...the cheerleader for that b*ggered off a couple of weeks ago.