We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I think we are all in agreement,whoever wrote it put a lot more positive slant on things.
Shush, I know what you saying , but its all about how LR sells the story and what promises he can make to convince the Institutional Investors. If they see real rewards and there is a clear solid business strategy , then yes , they will come on board.
Regarding institutional investors… did LR attract any when he was CEO at Yourgene? If so would the same investors take the attitude of once bitten twice shy??
With LR as CEO , he will attract institutional investors on board, and that will stabilise the SP volatility , and steady raise . With more acquisitions from the money received from DHSC , this would create increase revenue, this will only grow the company into a billion pound organisation.
The wording of the RNS is just as likely drafted by Steve Gibson, in my opinion.
RNS wording was certainly a big step forward since salad man days and I think we will hear far more from LR this year. Could prove quite a pivotal year for Nova one way or another but I am now quite optimistic.
I agree I really think yesterday's RNS was worded by LR and it was very much AIM focused to create positive sentiment. We have not seen that type of RNS fashioned since Graham Mullis was targeting his LTIP in 2020
Agree ted
I thought the same. LR knows how to play the AIM game as I said before.
It is news and sentiment driven.
Difference between "ncyt are confident .." type phrases and " very weak".
Good sign.
We will also get more product updates for sure
Wilson. Technically LR doesn't become CEO till May 1st however the wording of the rns intimates change has already happened.
I expect if the court throws out the pre trial request regards full repayment, then the SP will increase significantly on that alone , and maybe they will finally come to the table with a serious offer , if not fine see you in court baby.
I expect the judge will throw out the DHSC claim , we will get a RNS on 1st May 2024 , and announced by the new CEO ! I expect a positive RNS for Novacyt which will confirm cash £130M+
Https://hallellis.co.uk/summary-judgment-applications-defences/
Https://www.saunders.co.uk/news/summary-judgment-three-things-you-need-to-know/
I feel that this is a tick box exercise for the DHSC, they've realised that their claim is not fit for trial and therefore it would be wrong to proceed, however they're required to be meticulous and follow due process before being able to settle the counter claim, after all they're using the public purse. Summary Judgement is clearly a formal process for cessation of legal proceedings, there's nothing to suggest that the DHSC believe that the summary judgment shall rule in their favour.
For the DHSC the writing is already on the wall and they know it.
Courts say that summary judgment is:
designed to deal with cases that are not fit for trial at all: Lord Woolf in Swain v Hillman (1999), the Court of Appeal
Sensible post B2, I'm confident by what we know but not sure about what I don't know:))
A CEO who's proactive what's going on and took him a whole eight days in post:)) enjoy your weekend everyone.
From todays RNS:
As previously announced, the Company and its subsidiary Primer Design Ltd are party to litigation with the DHSC.
The trial hearing starts on 10 June 2024, and finishes on 4 July 2024.
The court has listed the Pre-Trial Review to be heard on 30 April 2024. This is part of the normal litigation process and is predominantly concerned with administrative preparations for trial.
The court will also hear an application by the DHSC for summary judgment in relation to one aspect of its claim, as part of which the DHSC is seeking judgment to be entered for the full value of its claim.
***From the previous line it would seem that DHSC is confident that the application for summary judgment, in relation to one aspect of its claim, is strong enough to ensure a successful summary judgment to be entered for the full value of its claim.
This is the DHSC's attempt to avoid a full trial (I assume), and the above does not state that NCYT lawyers will play a part.
It would appear to be DHSC's best shot at convincing the court that NCYT is defending the indefensible, ie this is an open and shut case.
If this were true, NCYT's defence would have been exposed as too weak to hold water in the time since the DHSC claim arose (claim dated 25 April 2022), and now we are preparing for court inside two months, so NCYT defence has not been found 'too weak'.
Time possibly then, for one or other party to capitulate, unless a point or points of English law are at issue, and need to be tested in court.
This would not appear to be the case though.
DHSC are confident and have launched a summary judgement. This would not be in order if English Law interpretation needed to be tested in court.***
Continuing from the RNS:
Having taken legal advice, the Company considers this application to be very weak with low prospects of success, and is confident that the court will dismiss the application.
It is not known when the court will give judgment in relation to the application. It may be during or at the end of the Pre-Trial Review, or a short time thereafter.
RNS ends.
+++
I think if a summary judgement application is denied by the court, that would mean a full trial is to be held as scheduled.
Happy to be corrected on the above.
https://www.which.co.uk/consumer-rights/advice/what-is-alternative-dispute-resolution-adr-alOPl0X2lbsO
Are ADR (Alternative dispute resolution) schemes common?
In the UK, the financial services, energy, telecoms and aviation sectors already have large and well-established ADR schemes.
*Financial Ombudsman Service (FOS) - deals with financial services providers.
*Ombudsman Services: Energy or RECC - deals with energy suppliers.
*Ombudsman Services: Communications - deals with communications providers.
*Parliamentary and Health Service Ombudsman - deals with NHS organisations and government departments and services. - So I assume this is who has performed the ADR function.
£500 worth now in my son's ISA ! GLTA
" Ever get that feeling we was robbed of 3 yrs !!!"
Yep
HC at least we will see my £2.50 in the very near future and may b little more
Have I missed something? Kaeren's Twitter link below...... is there a quote from Lyn Rees?
WBAFC , sssh. Think we can manage just fine.
Yes, about the only thing they have achieved that is remarkable 🫣
Kaeren , when do we expect Porky9 to arrive on this BB with his predictions ?
Still smiling Kaeren thanks, although like many, am still nursing massive losses. However, it does no good to brood and we need to keep this momentum going -- nice to see latest Tweet! Let's hope this matter does not drift like another Rwanda if you get my jist. This govt. will not want any more adverse publicity although their own members appear to be doing a splendid self destruct job themselves. :)
Hello Naewise, hope you are well.
Great to see new Ceo taking a bullish stance, we've all sat watching the sp dwindle and not a word from the old board to support it. Long may it continue !
Personally try not to focus too much on historic events or my blood boils too and I'm sure BP heads North. It's certain posters who led us a merry dance that gets me going 😉
Nice to see this for a change.
https://twitter.com/Larry64450205/status/1781329358512119963?t=1QX1en1ABd1-wUmArx4_6A&s=19