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Chris Toffer. Hear here. Well said.
And Ventura..no flak from me. Shareholder neglect is shameful. Only some of us are frustrated. Plenty of happy bunnies bought in low. They will keep the price down on selling. Just us diehards on losses who are frustrated...might even be less than half now. Many bought in £4-£5.50.
I moan too much.
But I too find the stakeholder ( shareholder) neglect shameful and deeply unprofessional and uncaring. Many-like Hamster-have managed to find balance and eliminate frustration. I am not one of the cheap buyers nor am thick skinned enough to join the frustration-free portion. Yesterday needed to be sold to the market.
Sure...maybe in 1-2 yrs this’ll revalue but not in a hurry with nil communication.
I will stand corrected if GM releases info which explains the vacuum.
Until then.....£84,000 loss ( my responsibility wholly ) depresses me as it’s unnecessary.
I think we often make excuses for his failings. It is clear the RNS strategy is wrong, they don't RNS what should be RNS'd, and it has rapidly turned into a point of contention whether it is willfully negligent that they are doing so. In my view this year so far has been an unmitigated disaster PR wise by NCYT. They need to do alot to turn it aorund, one major contract win would help the price, but more needs doing on the investor relations, as many investors have lost all confidence with management (rightly or wrongly). As it stands when we get to the AGM he is going to get slaughtered.
"That has gone and wont be back esp with all this talk of Court action." What a load of nonsense. Firstly, there is no talk of court action. The contract has a clearly laid out process that both parties follow in the event of a dispute. A 5 day escalation period followed by 28 day arbitration. It won't go near a court.
Secondly, 50% of Q1 revenue was from private sector and international and thats only going to grow as the government continues to unshoulder the cost of testing onto the private sector.
The 50% warrants a higher market cap than the current one and as they continue to deliver and grow that income an appropriate P/E rate will be established and the SP will follow suit.
I agree with Ventura1's LFT comment. This is a next generation LFT which can detect neutralising antibodies generated by vaccination so surely is a cut above other LFT's. Most companies would be shouting from the rooftops about this achievement but not NCYT - why? Is this news miniscule compared to what is in the pipeline and GM wants to present an all singing super duper RNS? Is he frightened yet another RNS will send the SP further crashing given his gaffes with previous efforts? You have to admit it's an odd business and one can understand why there is growing disillusionment with this concern -- so amateurish in certain key areas.
Hi Ventura , without doubt he was instrumental in the decisions that resulted in Nova being first to Market and In the subsequent R an D , he is the captain who steers the ship. I was accepting of irregular news last year but have been both concerned and perplexed by the lack of it this year. The information released that there is a dispute regarding some element of the DHSC contract has made it clear to me that he is not in the position to comment and indeed it may be detrimental to do so. I am mindful that this entire dispute may be one party attempting to wriggle out of a particular clause and GM may be the innocent party. I chose to invest with GM at the helm and I believe he will succeed in turning this situation around and I am acutely aware of the impact on the SP. It is utter madness not to RNS contract wins , new products etc, there must be a reason for this and it must be deliberate. Why I do not know but it must be connected with the dispute. Time will tell and in the interim speculation will be rife and people understandably will be worried. I am not immune to that either but have decided to hold and therefore will attempt to remain positive , I do hear what you are saying though and wish I had the answers . K
Kaeren : I have to disagree with your comment "However GM took this company from 6p to £12.00 in a year. The R and D is nothing short of superb and so fast"
I know I will be getting flax for this. But I worked in many company's in my early life where the MD/CEO relied totally on the staff around them and although the companies were successful they were useless and I am not saying that GM is.
But let's look at your statement. Yes were have a great research and development team that cannot be denied and he must be patted on the back if he was responsible for putting this team together.
When things are going well and let's face it the company wouldn't where it is today without the pandemic. We all praise the CEO. But a good CEO must look after the shareholders and he clearly has failed in keeping his shareholders informed of what is happening in the company and that is to the demise of the share price.
I will hold firm and stay loyal, but we will just lose 1 or 2% here and there most days over the next few weeks, hoping that something bad happens regarding the pandemic to turn our fortunes around as clearly it is unlikely that we will get any worthwhile information from the company as to what is happening.
We had great news yesterday about our LFT product and if that didn't deserve an RNS then this just underline the point I have made.
So let's stop praising Graham until praise is deserved.
Yes but so what? NCYT have lost their government contract. Other companies including overseas are supplying the UK now. NCYT are messing around with small orders but the real money was supplying the big numbers under the one contract. That has gone and wont be back esp with all this talk of Court action.
I agree. I drive past lots of pubs on the way back from work and all day long they are packed with big queues and no one distancing. usually takes a few weeks for it to start creeping up then you get the exponential rise again.
Bluelight - totally agree but think that there may be a surge in the next few weeks as the last few days have allowed teens, 20s, 30s etc out to booze and mix, with few signs of distancing or masks. The very age groups who have not yet received the vaccine.
Bluelight.
You hit nail square on head.
Govts work on crisis management after ot has hit. Not on prevention. First thing I learned in my degree in Politics. And the desire to win the next election always hanging over. Long term responsibility lacks. My first lecture 44 years ago.
This Boris-led govt . is the worst I have ever known sincs Alex Douglas Hulme in 1966. Covid total botch up. Apart from vaccine order. But culpable homicide IMO which should be taken to court like they tried to do with Tony over Iraq. I resigned my Party membership due to Boris last year.
Utter incompetence.Won’t follow the experts and scientists until too late.
So PCR and reliable (!) antigen tests are the way forward. I just got one through my door. RAT. From China. Woul I trust it. From Wihan it says. Joking. Chinese vaccine has 20 % efficiency first jab. Being rejected in Chile and Hungary where they bought it. Govt. buying Chinese cheap LFT’s . Makes me sick. I had to dispose of 2 Carbon monoxide detectors last year as shown to be fakes. 2 fly fishing rods snapped ( not a metaphor). Efficacy of Chinese tests variable but FGS would I buy them as a Brotish govt?? Males me sock. They caused covid. They produce substandard products as they are unregulated. They are an oligarchy ( dictatorship) . They steal people who disagree and block the internet.
I now have a Chinese lft test .
Shame on you Boris. You sing about British technology and buy abroad.
Ex Party member here holding you in contempt.
Apologies for high feelings. Govt.( apart from vaccine) has been a fully-fledged disgrace ( no lockdown to Cummings to air travel to no supervision of travellers to early December lifting and no xmas lockdown leading to megaspike to no enforment bla bla bla .
HSBC buying low leve efficacy cheap Chinese LFT??I would think so.
Yes I do blame the govt. I have worked with them and known them personally.
Many are excellent. Most are not...especially “ them at the top”.
Rant at end
Grrrrr
For me part of the issue is the gov has got so excited about low case numbers, and put it all down to the vaccine penetration levels, whilst ignoring the fact we've been in full lockdown for months (which in my mind is the only reaosn cases fell). Low cases mean less PCR demand, so why do we need all this PCR we've ordered with low cases? The answer is because we are now exiting lockdown, and will probably allow some travel again. We will see a big surge in cases in a few months, and wont have the PCR capacity to control it this time as the stock will have been sold elsewhere. Very short sighted and naive from the gov.
What i would like to see is something along the lines of informing us that the released machines / stocks that were set aside for Phase 2 have now been signed up to either Germany or the US en masse. Basically say to the UK, your loss, and get our growth back on full throttle. Its highly possible, but we wait and see.
Im bang on my average, however loaded up in Dec/ Jan around the 800s/900s so that has burst me. Despite that this is a worthwhile stock. I do quetsion why I didnt thin down on 25/01/21 but that was results week and I expected we would go towards £13-14, but hey we didnt.
What I would say from those days in the £1/2 wash up the aspiration was always there and still is. The latest 'lockdown' lift is a positive for society but two minutes later there is the harum scarum message over South London testing.
Testing is needed and we havent even started the aviation and travel industry.
NCYT have a huge noose from last friday to get there head out of, but whilst I would say its still a big burden and risk, the prospects to me are still positve also.
Last friday was a day like no other which mimic'd the vaccine disaster day of 8th Nov.
Time is a healer. Will probably take a mixture of time, a good contract land and a well structed private testing programme to boost this.
Can be done!
Is very positive reading the Quant... although it fails to reason why we are paying ODDO huge sums when GM is allowed to tack on that negative slant, causing SP to plummet.
I'm sure naivety is uncomon amongst many seasoned AIM investors, and we are all aware of the games/skulduggery that even the most noble of companies/CEOs play...
Oh well, patience needed as always
Thanks aka.gabba. the sheer volume of posts means some are not reading the important stuff. Link on aka,s post article at TaylorQuant.novacyt. explanations as to what is taking place. And we need explanations!!
I bought at the top, not a huge amount like others, but enough for me to feel pretty pants. I don't blame anyone but myself, which makes me feel even more pants.
I know it's a dog eat dog world out there. There's plenty of pitbulls on these forums. But personally, I can only feel empathy for people struggling with their investments. I guess that makes me a poodle.
yes it is butchers. here is the link if others want to read - https://twitter.com/TaylorQuant/status/1382578187297828866
Hi.. there is a very informative TaylorQuant interview.. around 3 hours ago. It explains everything. A good reassuring read.
A suggestion.. having read TaylorQuant a sitting on hands exercise may be the way forward.
https://www.gov.uk/government/publications/coronavirus-covid-19-serology-and-viral-detection-tests-technical-validation-reports
We are still on this list, updated today..
Kaeren . Your post is pragmatic and supportive. However there will be many investors ( or certainly some ) who will not be frustrated at all and can live with it. The wealthy. Those on a low average. Those who just bought in. Those with small amounts for whom it is less relevant. Those on small losses who bought in on the drop...quite a few did £4.50- £5.50. Those with a balanced portfolio. Lots and lots of others. Many of us are frustrated. Many. But certainly not all. We can’t know that and it’d be wrong anyway. Plenty will not be for above and other reasons. Many will certainly not be frustrated.
Important. As it helps us recognize the broad investor base situation. Only a portion of investors-those on a subjective or large loss-will be frustrated. Many will be quite happy to sit it out if on low average or low amount invested.
Not to belittle the ones ( like us) who are frustrated . But it’s important to see the truth.
It is important to recognize shareholders in different situations and with different reactions !! Certainly many who can sit this out without discomfort or frustration thank goodness.
A very touching and mature post from you. So many people who frequent these chatsites are lackong in your empathy. Some even see the feeling side as weakness( their error).
Do you really have well over £100k invested like me? You must be hurting too.
I am relieved that you have managed to put it in perspective that suits you.
Yes I agree that this situation will likely be mentally affecting more than a few investors insidiously . Certainly causing me immense stress and I have a miserable chronic anxiety condition which has already reached fever pitch due to Lockdown. Severe effect upon me. And I think one would have to be very rich not to have that paper loss in Ncyt have some sort of effect. My responsibility of course.
Yes I agree that many people are probably stressed with this ( on top of what covid has done.). Newspapers and TV today brimming with articles about the effects covid /lockdowns have had upon people. I know many others personally. I know for a fact about the mental damage done as I receive stats from my NHS trust. It is utterly horrifying.
All the more reason for Mr. Mullis to calm some nerves. Van V speaks of GM’s high sense of integrity. It needs to be implemented here now I feel.
But wishful thinking is just that.
No answers to my emails.
So it’s a case of just wait it all out and handle the stress.
You have done well to put it in perspective. Very well.
And your empathy is praiseworthy.
Very difficult to muster when not in possession of facts. However GM took this company from 6p to £12.00 in a year. The R and D is nothing short of superb and so fast, we are in the grip of a global pandemic so hopefully with less focus on the UK ,GM can target the ROW , someone told me it is a bit bigger then the UK. I await news on the dispute, anything positive and this SP will move rapidly. In the interim those invested need patience , I have no doubt every holder of NCYT is frustrated and will remain so until further inf is provided which imo is being withheld whilst arbitration is ongoing K
Crl I have a similar amount invested also I feel everyone's pain. It helps me immensely to put things on perspective. I worry about everyone's mental well being also.
Same % loss here. Very large ampunt indeed.
I echo your sentiments of self-responsibility for investments . Very healthy and very mature outlook. However the Third Party does hold a duty to shareholders which is often very easy to ignore if it suits.
The communication of a year ago has mysteriously vanished and the share is just a plaything.
Responsibility for self and own decisions.
Responsibility of the company to investors.
Not blame. Just integrity .
My messages are of calm. I am losing 50 per cent currently so not a happy bunny. Similarly I am taking responsibility for my decisions and not blaming GM, ,government, market makers etc etc.