Member Info for woodfromthetrees

with antibody tests is that the WHO have just come out saying that people who have had covid-19 and the antibodies can still catch the disease again.That renders any antibody testing totally useless.

is a hype job.See telegraph news,no tests ordered

Some people have wasted their whole weekend ramping this for nothing.Was such a nice sunny weekend too
https://www.telegraph.co.uk/news/2020/04/26/game-changing-oxford-antibody-test-claims-overblown/

closettrader precisely.Await the RNS for confirmation.

people then risk being spiked tomorrow if these orders never actually land.So best to wait for the RNS.Let her fly by all means if they confirm.speculation can be extremely costly for those who get spiked by it

article hasn't confirmed the orders.“scientists expect the Government to buy up the kits”.Just noting.
We await the RNS tomorrow for comfirmation

balance is essential.Suggesting to wait for the RNS to confirm this rumour (from one press outlet) is surely just common sense?
We await tomorrow morning...

at the moment all there is is speculation.

If no RNS tomorrow then its clearly just speculation, if there is an RNS confirming the order then the speculation is confirmed.Simple really.

place your bets on who is correct.Noone wants an RNS here as they know the answer

an RNS tomorrow is what you need to wait for.At the moment Daily Mail looks to have jumped the gun.

on Andrew Marr...
No orders yet from Government.
They are still "looking at it"

Looks like ODX need to issue an RNS tomorrow to confirm or otherwise

Faze,absolute best case of your 30% profit margin and absolute best case an even profit share (I doubt its even split ODX aren't bringing much to the table as the other members) then you have a best case scenario of £30m profit for the tests for the next 12months net to ODX.No you cannot apply a PE to that number as this product has a shelf life of probably 12months for the reasons I stated previously.Not forgetting there are over 150 competitors in this market in Asia alone, I think over 600 worldwide.Its a vary fast evolving market where antibody testing is likely to be superseded by a vaccine and WHO protocol quite quickly in due course.

Covid-19 antibody tests will be totally void and useless in 12months, everyone will have either got the disease by then anyway or it will no longer be around and a vaccine will be given to everyone.So you have potentially £12.5m profit in the next year here from these tests assuming a sensible margin.

Government arent subsidising this to make the copmanies involved huge packets of cash.These are being sold on very tight profit margins to get them to as many people as possible.On 50m tests in a year selling £10 per test 10% margin is £50m profit.
£50m divided by 4 consortium members = £12.5m profit each (assuming even split).

Unfortunately its the UK government that's more likely to change their mind, not WHO. Government did a total180 on the lockdown in the first place afterall

The Government plan defies World Health Organisation advice that countries should not issue so-called 'immunity passports' to ease lockdowns because there was no evidence that people who developed antibodies after recovering from the virus were protected against a second infection.

This effectively makes any antibody test totally pointless..

Pump and dump.£20m+ in debt.

£7m in the bank end of last year.Will be out of cash mid year/Q3.Mcap too small to raise the 10s of millions they would need to fund this for another year.What hope is there here?No wonder a big seller is getting out

yet this is getting ramped on the cash position.mug punters getting sucked in

They clearly got a line of very cheap stock and are flipping them to PIs.Only another £8m for them to flip.