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The last 56 posts have summed the situation up perfectly. Yes...GM is complicit. Sorry but I see no other alternative. Blackrock have it sussed. They don’t need a high price to make active money btw!!! Not at all. Watch it being played. I see it all the time in traded shares. We need a high er price. They don’t . It’s algoed. So clear. Seen it so often. It’s how the markets work.
I take back nothing about Nov’s scientifis wizardry. This is money. And the manipulation of it. Said it for months. Since first RNS. These rns’s are not ‘par hasard’ ( French for accidental.)
I have always said I believe that ii’s and/or the company want p/i’s out. I hypothesise it again.
And the s/p is not going down by accident or because of sells!! More buys than sells today.
We are in a spider’s web of manipulation and-dare I say-deceipt.
Believe what you want.
I have seen it so many times. This time is quite complex though . Still the same dynamics.
Sit out in sheer dogma.
Or give your shares away as they want.
Lecture over.
Someone on the Argo board earlier asked 'can the p/e realistically go any lower if debt-free?!' as the share price fell to around a projected p/e of 9. Ahem, quite a bit lower my friend!
Bluelight
You're totally right. Do you remember the movement from 3.2% to 3% to 2.99% the back to 3% and then 2.81% - all to throw doubt on the company? Typical MM games.
That is a good question Lui, and one I've also pondered. I believe they do, case in point there multiple rns' around the 3% level on one fund. I'd be very surprised if they hadn't used the rns triggers deliberately on the last round of them to facilitate some arbitrage on their portfolio. Mute point now though as all below 3%.
Absolutely
May I ask a simplistic question? I note that Blackrock own Novacyt shares in three separate Funds. Could one fund sell down shares, in order to force the SP DOWN so that one of the other "separate" Funds could load up, always ensuring that no one Fund crosses the 3% share level, and then "rinse and Repeat" ad nauseum.? If true ,then this share is entirely at their mercy, and their genius manipulators deserve to rot in that place reserved for parasites.
Earth70000
Harchris is wrong. You have every justification to say what you said. It was even mentioned here by 2 people who were not criticised for it at all because they supported GM's stance. Why else would GM or his team not answer any of the very many emails? As another one of GM's fans put it, he didn't have to give 3 lots of bad news in one go, especially as he had already told us about a 'uncertain future' back in January and knew what effect it had on the sp.
A lot of the recent posts here are beyond logic, such as people saying that the institutional investors are lining their pockets with our shares because the sp so low. But, where is the evidence? If the IIs are falling over themselves to buy Nova shares which are now at bargain basement prices, why does the sp keep going down instead of going up or at least, stay even? I think the IIs want to wait a bit more until all or most private investors sell their shares at which point the sp will probably be around £2.
I don't deny that they are buying SOME shares but the movement of the sp suggest that they may be keeping some, but dumping even more on the market for the sp to go down even further.
International travel.
The big obstacle.
No way to ease it without bl**dy rigorous tests and filters. We have only just started.
That’s why I’m giving this at least a year to recover. Nothing in place yet. It’s a new market.
The competition is a pain yes.
But do we think Ncyt are not active exploring these markets??
Their biggest failure is abject lack of communication. Not acceptable by any means. We do not have a clue what is going on even if Q2 update was promised. Will it come??
26 emails sent!! Very poor.
Don’t want to be too negative so I shall leave in a cloud of not knowing but hoping the loss does not widen.
About time we had normal regular communication.
GM is losing a lot -not nice-but he can afford it. Not right to compare us to him.
Novacyt....get off your *** and communicate IN DETAIL.
Like Hopeful I am aware of the mental health effect on some people ( I am one) and I’m sure it is happening.
26 emails unanswered. Poor.
I sing Ncyt’s technological strengths.
But they are hiding their face.
Well I have us currently 120m cash, plus estimate earnings this year of 175m (that excludes dhsc and assumes zero sales for snpsig, which will make it higher). So cash plus less than 1 year's earnings = current mcap lol. If that's not value then I don't know what is
Hydr
Salient post .
Hydra, Nobody said we had won a 3 billon contract. The only product the DHSc may have enough of is Promate and that is entirely dependent on what happens as we move through the phases of resuming some new normality. The new normality will be test test test, before events , before travel , before elective surgery. Fantastic company , brilliants products , fast to market and will continue to hold adding when I can. Role on resolution and lets get this show on the road. K
I’m holding out for the 1 day MACD to cross. There is a lot of ramping going on at the moment which just creates disappointment amongst the shareholders when they invest and it doesn’t come to fruition. GGG was saying £70 a share and then sells out just before a profit warning and less than a week later you have Tay and porky saying that we’ve just won a 3 billion contract!! When what’s actually happened is we have lost our exclusive contract of supply and are now having to compete with 141 other companies. The RNS also said they have enough supply for the rest of the year so it’s not likely to see further revenues from NHS this year. That’s not being negative. That is what we have been told.
I want to be sure momentum has changed back. At the moment it’s in a downtrend and it could easily slide further especially if shorters start ramping the potential worst case scenarios. I don’t think this will happen till we get clarity on some sales figures beyond nhs contracts.
I always find that those who have most frustrations have the highest expectations.
Maybe its better to hope for the best, lower the expectations and any improvements will come as a pleasant or even wonderful surprise.
Oh and there is nothing wrong with voicing frustrations. If someone doesn’t like it it is their problem.
Harchris
Roll with it.
I envy your shareholding position but as I see it you have done no wrong.
I am constantly the target of arrows and that is the nature of a public board.
It doesn’t mean the archer is correct.
I would say the same if it were you attacking the archer.
Roll withbit mate.
Your posts are fine.
I just wish I were in your shareholding boots!!!
@crl123,
You mention ' But to me its ******* hard holding this loss. Lifestyle changing here.
Could you explain why the present situation is lifestyle changing for you at the moment.
I may have a bit more sympathy for you if that's truly the case as I do appreciate also that you take FULL responsibility so maybe any negativity towards others may not be really warranted.
I may have got out at £5.50 in one account and £5 in the other but I still saw hefty profits disintegrate and crystalised and at no point did I come on here voicing my frustrations.
Thanks to all those who shared candidly. It helps on a personal level. I did plenty of research and even Finncap took the contract for granted. I did not but didn’t expect a claim back from 2020. Never come across that before. I have no opinion either way as to its outcome.
So much is unknown and my 26 emails ( sent 4 more) all go unanswered.
So much here seems to go on blind trust-that concerns me. I absolutely do not trust the govt. as I have worked with them and the DHSC. Everything points positive re. the company but the share keeps dropping. What if there is indeed a material loss in Q4? Will that lead to another plummet? Or will it be a lingering in the Sargasso at £4 for months?
I very much enjoy reading those losing a lot who are optimistic.( Eg Hopeful) . It buoys me. But to me it’s ******* hard holding this loss. Lifestyle changing here.
My responsibility all the way yes of course.
Offensive people aside this is not a bad bunch of people to share with. The armchair warriors do exhibit their referred aggression as they don’t seem to like honesty..but there are plenty of green boxes to fill.
I am holding.
I have sold in desppair before. And lost.
This may come good or bad.
I do have faith in its fundamental work and innovation and it has no debt. But it is at the mercy of the market . And releases zero information. So it’s hard.
But covid cannot be extinguished. C-viruses don’t work like that. Travel will rely on testing. No borders will likely open and we will not have full travel without a rigorous screening system in place ( as retina/fingerprint in US) .
So I do not believe in quick fixes. Disappointed too many times. I personally am looking into next year and beyond. I can’t see a private investor-share that has dropped this far on loss of contract shooting back up in a rush. Staying real.
A big thanks to the uplifting positive and considered posts and posters. Support and sound information are important.
Wilson that's not fair, I've never criticised Graham or anyone connected to novacyt. I do trade in general but when I sit on the sidelines I don't post as I don't feel it's right to contribute. I merely popped on last week to call out barnetpeter for his disgusting deramping.
#Wilson63, nothing worse than a trader who runs with the foxes and the hounds. Opinion has no value, so ignore. Have sensed this for some time now.
Harchris you also can have one of the biscuits where was all this positivity when we had a 100mil in cash a few weeks ago, it seemed to empty out of you but today you have the big drum out banging it and let's not mention your alternative views on barnetpeter!!!!
i praise GM in all other respects, but communications clearly is not his bag. i cannot agree that it is difficult to get communications right. I could have spent five minutes on each of the RNS(s) in the last year and i would have spotted the problems and easily pitched them more sensitively. And RNS(s) are not the only form of communication. The company's communications in general are a disgrace.
Oops - hit the reply too fast there.
So we can say takeover, maybe, but what else could it be?
Well they have enough Managers to know the importance of good Comms and the SP must be hurting staff at all levels who bought in.
I followed up my email of 7 days and still silence with no response whatsoever. I'm also a significant shareholder.
I really don't know what to make of it....
Some say its because of a non disclosure or poor comms. Well GM is also nursing a loss. No there has to be a reason.
Like
Which biscuit should the twitter poster select I was going to offer a gypsy cream
But that's far too good for them here you are
https://www.google.co.uk/search?q=biscuits+in+the+navy+in+olden+days&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari