I think it is a very optimistic call that GSK will raise production - I would first want to see as to are they able to sell circa 50MM doezes in Q12010 becasue I dont think that they can sell the full production for more than a year if at all.
The two broker estimates out post the annoncement are assuming 50% capacity utilisation - 100MM out of the 190MM is only temporary increase I think and could be cut once the swine flu pandemic subsides.
My view only. I do hold BTA but not as bullish as some on this forum.
BTA Price at posting:
$1.88 Sentiment: LT Buy Disclosure: Held
