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Concepta signs lease on new factory in Doncaster - hang on, hang on tight

By HotStockRockets | Wednesday 9 November 2016


Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Fresh from opening manufacturing facilities in China in late September, Concepta (CPTA) has announced that it has taken on a 10 year lease on a site in Doncaster in the grim North of England to manufacture in the UK. It will be cheap up there.

Concepta states:

The newly built 6,000sqft premises are at the Bullrush Grove Business Park and will employ 8 full-time staff over time together with ad-hoc temporary staff when needed. The facility will be used to manufacture lateral flow test strips for the Company's MyLotus product. The site has office-space already fitted and the Company is now establishing the manufacturing, warehousing and Quality Control areas. The site will be fully operational in Q1 2017 and has significant capacity for further expansion.

Ends.

So that will help cut local unemployment to just 95% and it is a good thing. We should get news within weeks of the first Chinese sales and it is hard sales that will kickstart the share price. We do not expect to wait long. UK and European roll-out will start in Q1 2017.

The shares are off their all time peak at 17.5p-18p but still way up on our offer price tip at 12p and we still expect 25p by Christmas with news from China the driver. So hang on and hold tight.

To catch the next share tip from HotStockRockets out shortly for just £5 click HERE


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