Omega Diagnostics Share Discussion Threads

[ivan danko] 27/10/2020 08:21

I reckon 80p due but then the multibagger follows

[upomega] 27/10/2020 08:16

The times article is good inmo. People have got carried away inmo. Next year us the year. Not now.

[jurgenklopp] 27/10/2020 08:07

The Times article: There are always winners to be found in an economic crisis (Greig Cameron writes). Omega Diagnostics is one. The small Scottish life sciences group dates back to 1987 and was floated on Aim in 2006. Its interests have included kits for testing food allergies and tropical diseases. Until Covid-19, much of the hope around its prospects was in a diagnostic test for HIV indicating when drug treatment is needed. The product, which gives results without the need to use a laboratory, is becoming popular in some African countries, as well as among large non-governmental organisations. Omega’s shares sank to less than 7p in March this year as markets retreated during the initial days of the pandemic, but since then its manufacturing capacity has placed it in a strong position to help in efforts to monitor the spread of the coronavirus. It is part of the UK Rapid Test Consortium and is producing antibody tests for domestic efforts, as well as looking to export to places such as India. At the start of this month Omega said that the consortium had received its first order for a million antibody tests that can show results within 20 minutes using a small drop of blood. It expects to manufacture 175,000 for that first order and to make about 25 per cent of the orders that the consortium receives over the longer term. It says that it will have the capacity to produce 200,000 tests a week by the end of November. Finncap, the house broker, estimates that Omega will receive about £1.50 for every device, with gross margins of 50 per cent. That would mean peak weekly revenue of up to £300,000, with the broker pencilling in £5.7 million of revenue from Covid-19 test production in the year to March 2021. Omega had £9.8 million of revenue in the 12 months to the end of March this year when it made an underlying pre-tax loss of about £400,000. There are other potential growth drivers, too. Its HIV product has passed a procurement milestone for the World Health Organisation and its food allergy kits have been approved by Chinese regulators for laboratory tests. Omega shares hit 107p this month, but were down 3p, or 3 per cent, at 95p today. ADVICE Hold WHY Demand for Covid-19 testing unlikely to tail off soon

[oapknob1] 27/10/2020 07:35

Haggis is awesome. Expansion going very well. What news of who ?

[barrywhit] 27/10/2020 07:34

upomega, We will find out tomorrow, hopefully they won’t be too bad as it’s all about sales going forward. Fingers crossed..

[upomega] 27/10/2020 07:26

But none of you can offer a view as to what the interims will shed in terms of revenue and how each segment performed. No need to debate that then. Hoesvthe weather up north. What length to keep s lawn in winters haggis vile and shouldnt be eaten on empty stomach

[onehanded] 27/10/2020 07:25

yes antibody testing will now be massively stepped up, a big merger or bid as a lock on to a very big pharmaceutical company is on the cards.

[coley15] 27/10/2020 07:18

ODX in the Times Courtesy of Carados on advfn: hxxps://www.thetimes.co.uk/article/perpetual-questions-over-murray-income-trusts-merger-plan-xrlggm72z?shareToken=ff6c1f2220f01d4e39bea56117b000e1

[barrywhit] 27/10/2020 07:15

Thanks for the post ant15..

[upomega] 27/10/2020 06:27

Bless you my sons strong sell will suit all you eyh bye gummes.

[ant15] 27/10/2020 05:41

Imperial College are now of the opinion following substantive investigation That antibodies derived from Infection may only last as long as 80 days before they start to wane and are not detectable. Of course the immune system can "remember" a previous "invasion" by the virus and this should help fight off a secondary bout of the disease but not completely.Furthermore not every individuals' antibody protection will degrade at the same rate. Under the circumstances the need to check antibody levels will be greatly enhanced, as even with a "double dosed vaccine" there is no knowledge or certainty of how long antibodies will remain and hence the protection but it is quite possible that their levels will deplete as above. We know that reinfection by other Corona Viruses is controlled in part by annual "jabs" and it might be that in summer as with these we record a lower rate of infection but see a dramatic increase as we are witnessing now with the onset of winter. We do know that this strain of virus has more deadly side effects than other members of the same class and the need to be vigilant will be sacrosanct. Constant checking of antibody levels or indeed their presence might well become a new norm. In a further "twist" because of the way the antibody levels drop off it is currently thought that only about 5% of the entire population of the UK now has immunity which position will be replicated many times over with the need to assess globally.Undoubtedly and most regrettably for second and third world nations the cost will be prohibitive and they will need massive support from "those that have". Antibody testing will be key even after we have a vaccine!

[upomega] 26/10/2020 23:01

Britain Britain Britain whete getting there .wow your amazing.

[upomega] 26/10/2020 19:36

Looks like most lth holders holding below 1.percent have left. Scum buckets.

[upomega] 26/10/2020 19:36

Looks like most lth holders holding below 1.percent have left. Scum buckets.

[upomega] 26/10/2020 17:48

Anyone any thoughts as to what we can expect from the interims. I.e in terms of profit/loss

[thehitman1] 26/10/2020 11:13

strange movement.

[sharif1987] 26/10/2020 11:02

https://www.standard.co.uk/news/health/boots-coronavirus-test-results-12-minutes-a4572927.html?utm_medium=Social&utm_source=Facebook#Echobox=1603703551

[twatcher] 26/10/2020 09:22

Massive spread at the moment definitely impeding any day trading.

[oapknob1] 26/10/2020 06:37

Remember - " Mologic is currently applying for World Health Organization (WHO) emergency use listing for the lateral flow antibody test and Omega will provide an update when Mologic receives a final decision. "

[oapknob1] 26/10/2020 06:33

BBC - BootsA Covid test that can provide a result in 12 minutes will be made available at high street pharmacy Boots.The nasal swab test, which will cost £120, will be available in more than 50 stores across the UK to anyone who is not showing symptoms.The test, and the device needed to process it, have been approved by authorities in Europe and the US.In trials on more than 500 patients it accurately detected the virus in more than 97% of cases.

[riz000] 26/10/2020 02:07

“X KING OF TAJ MAHAL” 👑 Wake up u lazy fkrs and read this below! The 12-minute Covid test you can take at Boots: Swabs that are said to be 97% accurate in detecting coronavirus are expected to be available at the High Street chemist within weeks https://www.dailymail.co.uk/news/article-8878251/12-minute-Covid-test-expected-available-Boots-weeks.html

[riz000] 26/10/2020 02:06

“X KING OF TAJ MAHAL” 👑 Wake up u lazy fkrs and read this below! The 12-minute Covid test you can take at Boots: Swabs that are said to be 97% accurate in detecting coronavirus are expected to be available at the High Street chemist within weeks https://www.dailymail.co.uk/news/article-8878251/12-minute-Covid-test-expected-available-Boots-weeks.html