Re: Omega Diagnostics (ODX)
Posted: July 16th, 2022, 1:48 pm
There's been a couple of snippets of news out of these recently which seem quite positive.
https://www.investegate.co.uk/omega-dia ... 00061199R/
Firstly they have signed Heads of Terms to sell CD4 for a significant upfront payment (hopefully that means at least £1m) and an ongoing royalty stream (subject to successful due diligence).
https://www.investegate.co.uk/omega-dia ... 00059314R/
Secondly they have received the money they were owed by Abingdon Health (I think that was about £800k but i'm not sure).
It looks like they'll soon have the cash they need to keep in business and Food and Nutrition has always been profitable and is imo worth twice the share price at least, more if they can successfully grow it in China and the USA.
I bought more a while ago and will probably spend some dividends on more shares next week.
https://www.investegate.co.uk/omega-dia ... 00061199R/
Firstly they have signed Heads of Terms to sell CD4 for a significant upfront payment (hopefully that means at least £1m) and an ongoing royalty stream (subject to successful due diligence).
https://www.investegate.co.uk/omega-dia ... 00059314R/
Secondly they have received the money they were owed by Abingdon Health (I think that was about £800k but i'm not sure).
It looks like they'll soon have the cash they need to keep in business and Food and Nutrition has always been profitable and is imo worth twice the share price at least, more if they can successfully grow it in China and the USA.
I bought more a while ago and will probably spend some dividends on more shares next week.