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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.
Maybe the idiom is a bad one but it is meant to signify that Concepta (CPT) is making steady progress towards a real lift off in sales and profits. The latest news is from the UK and is that it has achieved ISO13485 certification for its manufacturing site in Doncaster. So what you say?
This certification allows Concepta to utilise the automated production lines recently installed at the Doncaster facility to begin manufacturing its myLotus diagnostic tests. It will be transferring the last manual capability in labs at Colworth to the Doncaster site which will boost gross margins when myLotus is launched in the UK.
Some critics have said that Concepta is switching to the UK and Europe as its Chinese operation has stalled. If only folks would read IPO documentation! It was always the plan to launch in Europe and the UK when regulatory clearance is obtained, which should be within months.
We gather that things are going well in China and expect news of material orders from there soon and that should bring the company very rapidly to the point where it is making material profits, something not discounted in a 5.5p offer price. That is why the stance is STRONG BUY.
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