Omega Diagnostics Share Discussion Threads

[silverspoon2009] 18/1/2023 09:13

They talk about a significant upgrade to revenues in the next financial year, that is only 2 months away.


'Contribute to a stronger than expected opening order book for FY24. This gives much improved visibility into FY24 which is still expected to be a year of significant revenue growth and a return to positive EBITDA.'

[m1sterx] 18/1/2023 09:08

Market has misread this - the only problem seems to be they have been overwhelmed with orders - the CFO said they received a £650,000 order from China in late Q4 alone.

The shrewd are buying the drop.

£5m in cash and a market value of only £8m !

[soulected] 18/1/2023 08:52

I love the way they blame "COVID-related staff absences within key production functions." - absolutely pathetic!

[specialistwasagypsey] 18/1/2023 08:19

Sanks - thoughts please? Lol

[1347] 18/1/2023 08:03

Clowns, fail to score an open goal during the Covid-19 pandemic, then sell all their healthcare interests at rock bottom prices, including their manufacturing facility in Alva and now the clowns don't have enough capacity to fulfil orders. Why didn't they sub-contract some of it out? They could have done tech transfer by now. Now some waffle about 2024? Totally clueless, staggering from one self inflicted disaster to another. Best thing that could happen now is someone takes them over and kicks the clueless BoD into touch (with no golden parachute, in fact no parachute at all).

[david gruen] 18/1/2023 07:28

Bloodbath here today. Death by a 1000 cuts.

[clocktower] 18/1/2023 07:21

Today’s RNS is like preparing turkeys for Thanksgiving Day, we have failed to deliver on time but there will be a feast next year, if all goes well.

Jam tomorrow can you believe it!

Good trading

[specialistwasagypsey] 17/1/2023 21:54

Only another 91p and Specialist breaks even

Lol lol lol - what a mug!!!

[zen12] 06/1/2023 08:03

Yep mega RNS...don't focus on value of Contract but breakthrough into a multi million dollar market.

[m1sterx] 06/1/2023 08:01

Lots of upside here folks, remember around £6m of cash in the bank, the US market will transform ODX.

Company is vulnerable for a takeover approach to boot.

M/cap only £9m.

[goforgold1] 06/1/2023 07:16

Although the value of this initial PO is circa £50,000, the US market is a key area of focus for Omega's growth strategy and this installation will be the first in the US market in over seven years, representing the beginning of Omega's planned expansion into the USA.

[specialistwasagypsey] 17/12/2022 10:37

Zxie was loading up on CEG for ages and that turned out to be a disaster !

[zxie] 16/12/2022 10:31

Loading time

[smithie6] 16/12/2022 09:20

filtered....since you clearly have nothing to contribute to a sensible debate on this msg brd.

[specialistwasagypsey] 15/12/2022 23:45

Poor old special needs… 95p 😂🤡

[smithie6] 15/12/2022 13:20

EV for ODX

is it £9.4 million cap. value,

minus
£6.5 million cash (ref RNS, after receiving £4 million for sale of a division)

so, EV looks to be ~ 9.4- 6.5 = £2.9 million. say
£3 million
for simplicity.

For that you get the existing products & the IP in those products, the production facilities & skills for those products, sales paths in different parts of the world (to 85 countries !), improved products, the new app coming out in January, recent sizeable order from China, new automated testing, £7-8 million of turnover, gross margin of 54%, >= +£0.3 million EBITDA in H2 etc etc

[smithie6] 15/12/2022 13:03

what is the resulting company EV after substracting cash held ?

only £3 million ?!

'cheap as chips' !

& what might it be if the Govt coughs up £1-2 million for asking in writing for the co. to take firm steps to provide a high production rate of Covid vaccine injections & then cancel the production.