Member Info for TWatcher

sandgrounded.

Buying GAD was easy, not a public company so just needed to speak the main shareholders (probably only a handful) and agree a price.
(we learning from a recent video, that the gates group bought GAD, and then GAD bought Mologic, even though GAD was originally a spin-off from Mologic !).

Buying an Aim listed company that doesn't have a lot of shares in institutional hands is more difficult. If you had say 60% in the hands of 3 or 4 major owners, then if you get them to agree, you are well on your way. ODX is largely held by small investors...messy, and market regulations need to be followed.

Certainly not out of the question of course.

30th of April
"Whilst waiting to receive this confirmation, Omega is currently supporting the Government with additional cassetting and pouching services for other COVID-19 antigen lateral flow tests that are being deployed in the UK"

07-June
"In the meantime, Omega is currently supporting the Government with additional cassetting and pouching services for other COVID-19 antigen lateral flow tests that are being deployed in the UK. "

Those are the 2 times it was formally referred to in an RNS.

What I feel is interesting is that there was no mention of this arrangement AT ALL in the full year results. Accepting that the full year results were for the period ending the 31st of March, the section titled "Events since the balance sheet date", mentions the pre-production payments from gov that occurred after the year end, but no mention of income from the cassetting operation. One would assume that given an inflow of £2.8M was deemed significant enough to get into that section, it implies no significant funds were received from this arrangement up to the period that the full year results were produced. The cassetting arrangement also does NOT get mentioned in the outlook section.

So overall, a confusing picture.

big handclap to whoever it was that got the multipage thread about the news yesterday ("7%") removed. Must be proud of yourself to take down one of the few threads of substantive company interest and discussion in months. I'm guessing it was some poor sole that either didn't like the news, or felt peeved that he/she misunderstood it. No doubt someone that has everyone filtered (!)

It's unlikely ODX is processing every test that surescreen makes, clearly surescreen with 7M capacity, has the ability to entirely produce millions of tests a week completely on their own. And then ODX's capacity is 2M a week, so it is equally unlikely that part of their production process has the equipment to do x3 that weekly capacity.

However whereas it was widely thought on here that ODX was re-packaging for innova, which are being slowly withdrawn in favour of other chinese tests, the fact that it has been revealed to be Surescreen, gives the potential for some more longevity to the arrangement.

With it being cited that Surescreen are aiming for 14M a week by end of 2021 (only 3 months from now), the arrangement probably doesn't have much more legs in it, so ODX does need that deal of their own quickly.

As I said on the deleted thread, we need meat on this deal, it has potential to have generated some interesting revenue, to keeping things ticking over, or indeed some useful profit. And NDA or not, ODX have a market requirement to advise on substantive orders

"At what point would the UK GOVT call Omega and tell them to start producing the SureScreen tests? 4pm?"

think it was a bout March/April O'clock they started to partly build surescreen tests.

“saying something along the lines of”

Nothing like being quoted word for word, and that was nothing like it. I guess staying vague whilst casting aspersions suits some

"Twatty...did you know that all along and did'nt tell us??
Nobody reads you anyway."

LOL the irony :)

both surecreen tests have passed phase3a ages ago. One last december, one in March.

https://www.gov.uk/government/publications/assessment-and-procurement-of-coronavirus-covid-19-tests/outcome-of-the-evaluation-of-rapid-diagnostic-assays-for-specific-sars-cov-2-antigens-lateral-flow-devices

keep every ODX and walbrook employee away from twitter, cut their broadband lines, put them in a faraday cage .. no speeding tickets !

"I am not that hung up on the £2.8M to DHSC after all we have £17M of their kit? We don’t the know the terms of that agreement as yet but it’s not material today."

I'm not hung up on it either, but the lack of payments whilst apparently doing stuff within the contract, suggested the payments were less than what was owed and hence had implications for the volume of the work. However, if the contract is not with uk gov, it opens up different possibilities.

Christ, once again no comment on anything to do with the company, just forever the whinger, even on potentially the discussion thread we've we've had in ages. If you want ot name call, theres' loads of thread for you to pick.

Now, back to the actual news, wonder will this reveal result in any more info coming from ODX.

kate, you do impression of Yoda ?

"good news that we found out that they have been doing something after all."

We've known they have/had been doing cassetting/assembly work, ODX simply have not provided any colour whatsoever as to the volume of work.. I agree with Okehurst, we need some visibility from ODX in relation to volume.

We also know that ODX have not received a penny from uk gov in the last 3 months, which means 1 of 2 things.
1) Whatever the level of work, it has not been enough to repay back the pre-production £2.9M which in the contract said it would be paid back.
2) This work is NOT happening under the gov contract, but is an entirely separate agreement between ODX & Surescreen, with uk gov giving ODX dispensation to use the gov machinery (as after all these are tests that are ultimately for the government). Someone did previously mention that CK had said this assembly was a separate contract ?

Definitely could put a different shine on things if the volumes are significant. But then would be very surprised NDA or not, ODX have not informed the market of the significance of this arrangement.

We'll have to call that find by Freddie as the scoop of the week.

At least we now know who ODX have been packing and assembling for.

"The company has the capacity to manufacture approximately 7 million tests per week, with plans to increase this to 14 million per week by the end of December."

Lord B say capacity would go from 15M to 20M+ by ed of the year

GAD says they'll have 4M per week by end of the year. Surescreen 14M, ODX 2M. There's you're 20M.

Also, if the rollout is only really starting now, thats £125M of tests that the gov have paid surescreen for, that are stock piled.

No wonder ODx hasn't been able to do a deal with surescreen, they want all of that 14M capacity to be used.

Someone needs to come up with an LFT that has a line for flu and a line for covid. Given ongoing we will have to live with both, and the symptoms are so similar, a test that can tell you have flu, but not covid, or you have covid, will be extremely useful.

"Defo a new assignee. Far too obvious. "

Ohhh, I'm an entirely new person now, that's a new one !

must be near time for one last last last LAST topup

Well you've just had a guy here saying he sold 1.3M. When buyers are looking for stock the SP rises. When sellers are offloading, it falls.

You need to ignore the buys and sells list, they are badly flawed and are just guesstimates. The truth about selling or buying is always in the SP movement.

let me just list all the posters on here that have listed their holding, position and sell price.

List complete.

I hold 5M shares at a price of 15p, and I'll sell when it gets to £1.175.

You do realise how silly it is to ask this stuff...right ?