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Thanks Val.
And I agree ..who hired salad man.
That is the real culprit
Wbafc dont forget who would have given the go ahead to put salad man in as CEO? probably asked DM to leave and and promoted JM etc etc...
I really hope JW has a good game, plan and not a, such a shame, plan!
LetsfaceJabbathehut was ruthless, until strangled by Hans Solo lol
Please step forward the Nova HS lol
(joke, I dont want anyone strangled!)
Swag, I will apologise... you were right and imo, DA was a full of self importance and very little else!
Could be over £1 Monday morning ?
Hi wbafc .....how do all the resolutions pass .. the shareholders Vote ..... Who holds what....why do they never lose .....who really owns novacyt......they do 😊
Calm down fella its Friday afternoon
Your getting a bit excited
All will be revealed ( when though ? i dont know )
I know you have invested a lot and i sincerly hope you get your money back ( we talk about it all the time at home )
and some profit as well.
Your positivity these last 2 months have been commendable ( keep it up only 2 months till court )
Just calm man , calm
CaptainSwag , are we correct to say that James Wakefield has been dictating business strategy at Novacyt ? I think for sure , he has been wipping BOD , as evidenced by DA being booted out , JM removed from CFO and now out of CEO and Novacyt . Will JW be able to control or indeed want to dictate this new CEO appointed ? How much power will LR have in reality ? Is LR going to take this Novacyt by the horns and give it a good blast to grow this company . Or is he just going to pass the time and take his comfortable salary .
I am really really keen to know what LR's vision is with this company now . Not only that , but i want to know how he plans to do it , his strategy ?
Wb - no one can have been impressed by salad man. Remember all the stick i took on my comments about him? never got any apologies
no one at ncyt has been worth their wages in the last couple of years.
at least LR knows how to play the AIM game - he knows he needs to move sp should he ever want to place.
100m organic growth - was always organic horse manure. Will it ever be possible ? - hard to see it at the moment
the figure was bandied about cos that was what the punters wanted to hear - there was never a shred of an indication how or why
Yes but who "monitors JW" he seems untouchable... and yet hasnt helped PI's one iota, in last 12 months... just himself... #notafan imo
Frankly with only two months to go...
Its not worth worrying about now... imo
What will be, will be, but Im betting the sp will ROCKET on a decent payout from Dhsc..
#fivebagger minimum, again imo
Current Gov and Civil Service are inept, corrupt, self serving greedy imbeciles, obviously imo
So the fact we have had David Allmond who was pushed out from CEO and James McCarthy who was moved out of his CFO job suggests to me that James Wakefield perhaps was not happy with these two with their performances at presentation in April 2022 and stating organic growth of £100M within 5 years .
I was getting a little too fixated on the actual executive job titles, that makes sense. Thanks K
No leak , nothing illegal. You have to read between the lines WBAFC. Even when you read an RNS , think about what they aren't saying and why.
I posted a while ago about Paul leaving and change of mgt. I posted about a CFO getting the 100mm fig so wrong and then being promoted to interim CEO. It was blindingly obvious exactly what was going to happen . No leak .
Joanne Mason is in charge of R&D and strategy for both Novacyt and Yourgene. Read her linked in profile. . They all report in to her.
It's clear now why there was an upsurge of buying on Monday and a volume of around 650K on the French side , because news must have been leaked that there was going to be a RNS today , Thursday , and news of CEO appointed. You always wonder why there is a buying / selling frenzy which is unexpected. It's simply because someone has leaked news out . I question is this legal?
'The new head of R&D is Gem Mcluckie' - I was discussing Novacyts Southampton based R&D team.
Paul Oladimeji described himself as head of R&D on linkedin between Jan 2021 and Jan 2024, beside a Novacyt logo, so Head of R&D Novacyt.
From past notes he has described himself as 'Group Head of Research and Development at Novacyt Group', - (meaning Microgen and Lab21 I believe). However, that was before Yourgene became part of the Novacyt group in Sept 2023.
Gem McLuckie has a Primerdesign logo beside her head of R&D title on linkedin, when her previous jobs in the company display a Novacyt logo beside them. That may be to differentiate herself from head or R&D Yourgene.
We need to know the head of Yourgene R&D to see whether Gem is head of Primerdesign only, which I have never researched.
Apologies for any confusion.
I expect director buys will follow from the the new CEO & new executive director .
Are you sure she’s been given a wider brief? When I was doing research on appointments all I saw was that she was head of R&D of Primerdesign
WBAFC
Paul Oladimeji was head of R&D when he left the company in March.
The new head of R&D is Gem Mcluckie, appointed Nov 2023 - according to Linkedin.
She has a good set of skills available to her in this department .
Dr Joanne Mason, the Company's Chief Scientific Officer, will join the Novacyt Board as an Executive Director
effective from 1 May 2024.
A settlement can happen really quite late if dhsc chose to, it is all very well bluffing, in Poker, but when your opponent knows, you are bluffing with the weaker hand...
TheywilljustkeepRAISING :)
Until the Gov fold or call and then... big bucks payday for wasting Judges time, decimating Nova sp, maybe they should make another series about Nova same as sub postmasters?
lol
For once, looking forward to the next rns, rather than wondering "what next!"
imo dyor
I stand by my earlier comment that this is an excellent move. I didn't actually see it coming so soon but I'm relieved that James actually recognises his limitations and/or isn't trying to just draw a comfortable salary long term.
We can now think of the company as Yourgene + Primer Design + IT IS + Novacyt's r&d team and additional products + £44m cash + debt free. That's a world away from the YG that was valued at £80m+ prior to covid.
I believe Mason is an upgrade to Paul Oladimeji , especially with her vast contacts in the molecular industry and knowledge of the genome companies . Mason is very active on LinkedIn, and this suggests to me she is commercially tuned as well .
Secondly , Lyn Rees is confident of winning big contracts . Read his comments below .
Commenting, Lyn Rees, Executive Director and incoming CEO, said: "I am excited to have the opportunity to lead Novacyt in its next stage of development. The molecular diagnostics market is experiencing rapid growth, driven by the continued demand for fast and accurate diagnostics and with our strong portfolio of molecular assays and instruments combined with our leading expertise I believe we are well placed to capture this. I would like to thank James for his support since I joined the Company and look forward to working with the entire team as we continue to deliver our strategy."
I understand, that with regards the acquisition, Steve Gibson was instrumental, something highlighted by the board when he was appointed CFO. I'd imagine that Steve and Lyn already have an effective working relationship, lets hope that they can build upon this going forward.
I think this is going to court and will not be settled before then . JW believes we will win and is going for the full amount . Hence why PO was replaced by Mason , as he does not need to be actively employed by Novacyt . My opinion .
I believe Novacyt will have £130M+ in June 2024 , which would be plenty for several acquisitions . The reason of appointing LR is for Novacyt to 'grow' and LR is the man with the experience for acquisitions .
CS for me it's all about the excellent products yourgene have getting in to as many health hubs as possible as quick as possible(I realise you know that) therefore LR is the most appropriate person for the position. All of course in my etc etc.