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Stocksbof52,,
Forget the Bull****, where is the Link?
sure jiffy..... read below.....(hence why people are doubing my postion very 100% rise :) - if it quacks like duck, swims like duck and flys a duck it probally is duck....:) madness to let this go under £3 pending fda....
Shame we can test at home - but you get the message, how desperate people/ countires may become with out an accurate test.
French Analyst Coverage:
Genesig® 2019-nCoV
The genesig® 2019-nCoV is the first test in the world developed to detect the Corona virus. That is why the company currently has a huge gold mine. There are two different tests for sale, one cost converted to euros per package (150 pieces) around 300 euros and the other per package (150 pieces) 700 euros. The latter test can determine within two hours whether someone is wearing the Corona virus. The Corona virus, which originally started in China, has since spread to several countries.
Turnover can be tenfold
The question is how many tests the company will take. That is of course very difficult to determine and will depend on how long and how far the virus continues to spread. Suppose the company is going to sell 100,000 tests worldwide, that gives a turnover of around 40 million euros. The stock market value after the price rise last Friday is 26.2 million euros. There are currently 57 million shares outstanding. The turnover for 2019 was 13 million euros. Suppose that the result is repeated with the sale of the test, then the turnover for 2020 will be around € 53 million. Suppose the virus continues to expand, we estimate that the test will be sold more than a million times. The turnover would then be tenfold and yield 400 million euros.
Price target 7 euros
Again, it is guessing about the actual sale of Novacyt's tests. Nevertheless, the enormous demand for the product provides enough certainty to expect a turnover explosion for 2020. In a negative scenario, the total turnover can amount to 53 million euros. In a positive scenario, sales will amount to 450 million euros. If we look at Novacyt's average valuation over the past 10 years, the rate could rise to between 1 euro and 7 euros. In the first case, that means a price potential based on Friday's closing price of 110%. In the second scenario, the rate can even rise by 1500%. The news about the Corona virus will hold the share in its grip in the coming days and we expect the price to rise further next week.
StocksBof52,
Re: 'Agree 100quidpunter. Its like they saying suffer alone at home. people won't have this. people will start buying ncyt test by themselves that way at least they can test themselves and keep away from loved ones if they do show early signs of having this virus..,
This is nothing like a self pregnancy test, it must be carried out by experts, in laboratory safe hazard conditions, so forget that assumption.
StocksBof52,
Re: 'The French have price target of 5/7 Euro's.'
Do they, do you have a link please?
Not sure keeping millions of wild/domestic animals tethered in little cages waiting to be boiled alive could be called a normal food market. Reap what you sow maybe?
its not the chinese ordinary people, they just like us, its the government and their fight with rest of the world. its like their way or the highway. They closed a food mkt, like if they new where this virus came from, the food mkt has always been there!.....a credible report i have read is that they may have been doing an expriment to create/ test the effects of this virus and things went wrong, as one of the testers got infected! ....so why were developing and testing this....?
The French have price target of 5/7 Euro's. They have had ther first death, and are taking this issue more seriously and will want the ncyt test system approved asap. It gives people hope. persoanlly i htink we may surpfase £3 on fda approval. IMHO.
Expecting Approvals middle to end of the week....... GLA £2+ here we come and some
https://www.chemistryworld.com/news/the-race-to-fight-coronavirus/4011171.article