The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
mburns70
Thank you for your support. The feeling is mutual. I've been up-ticking all your posts - both candid and brave. I wonder if you've seen how many people agree with you. Common sense will prevail in the end. I just hope real shareholders won't lose too much on the way - so easy to fall for all the ramping. I will keep my posts coming, regardless of nonsensical attacks.
I hope you do too.
Fortuna8 - your posts are very interesting to me, please keep your comments coming if you can, I for one will appreciate it, thank you.
DrDev,
You're most welcome. I said everything you just said in my last post and it was removed for no discernible reason.
You should expect some trolling after your post such as the ones below about me. Don't take any notice. I've observed that those with their own agenda often criticise posters for having too few posts and others, for having too many. This is because they can't argue with my common sense and logic. If they did, they wouldn't need to make insinuations about me. If this happens to you, just know that you are on the right track.
I have faith in the British public's famed common sense. It's just that many are put off posting any kind of feelings or thoughts which go against those who have the platform at large. So they stay quiet. Trust me, there are many people who feel like us.
Soon, they will see the light and question why people make comments such as 'bed-wetters', when people are genuinely concerned about their investment. Or, why is it that when people complain about being carried away by certain people's over-optimistic posts and are now sitting on an even larger loss, the people responsible never say sorry. They don't even answer. Instead a completely different 'person' comes on the board and says "Anyone who takes financial advice from someone on this board (or Twitter et al), is an idiot." Imagine?
People like you should not give in to fear from these people. Look at Hydr - he has been standing up to them all week, maybe longer, despite all sorts of opposition and insinuations about his motive.
Take heart from him and post more often so that people like you speak up as well.
And, remember, if it comes to it, I'll be raising hell to get us a fair deal. For now, we have to be patient and see what their next move is. I, personally, think that there'll be a lot of movement up and down but mainly down since bad news has not been followed with good news. And, when do get good news, there's always a caveat about future uncertainty, which IIs hate and sell in bulk.
In my opinion, this is done to put investors off, private as well as IIs, who are not emotionally attached to this company and hate too much turbulence.
I have to go now but will be back some other time. If you need me, call out for me.
Thank you for that message. Tbh I am not sure where this is heading. We know that LFT tests are not as accurate as PCR however, the government has stated their position on using these and will not budge. I am confused greatly about how this share price will rise now. We have lost the UK government contract and now are in a legal dispute with them. Surely, this would affect future business and contracts. I am not saying this to be a deramper. Not at all. I have seen a loss of approximately 15k in profits which has been difficult to take. However, I feel that people wishing for the share price to go up won't make that happen. The communication from the Company is terrible and has contributed to this drop. Maybe they want this. I am not sure how this would benefit but at the moment to me it looks bleak. They need to put some positive information out soon otherwise this share price may return to what it was in March 2020. I would be grateful for thoughts.
Plenty here will try to divert you from the real issue which is: why am I losing your hard-earned money? There’ll be many posts here to discredit me such as my infrequent posting, means that I must be an agent of some kind. I trust you’ll use your good old British common sense to decide for yourself:
1. In my experience, the biggest risk factors are where the owner is NOT in charge of the day-to-day running of the business. This applies both to small businesses, and even more so to public corporations where the ownership is not in the hands of a few shareholders but very many. This is because the small shareholders are rarely organised into a coherent group with ONE voice. Large groups of people can easily be divided and ruled. This board is a very good example.
Or, look at all those shareholders who are constantly frustrated at the salaries and bonuses awarded by the board of directors to themselves, year in year out, even when they don’t perform well – the bankers after the credit crunch are an example but there are many others you never hear about.
Most institutional holders won’t care about the large bonuses, mostly because they use their vote to control the board and also because often, they are old friends from school (hence the expression old school tie).
2. Now, imagine that you owned Novacyt by yourself and you get an email from your general manager who runs the company on your behalf, telling you that he’s started a legal case with your biggest customer and that your turnover for the year will be half of what it was. Wouldn’t you be angry that he’s taken such a monumental decision without your permission or even consultation? After all it is YOUR money which he is being so brazen about. So, you email him to say what the hell he was thinking and what on earth is going on? But, not only he doesn’t explain his actions, he doesn’t even email you back. What would a normal person do under these circumstances? Would you:
(i) Congratulate him on being tough, even though you still don’t know the circumstances of the dispute?
(ii) Exclaim that you are happy to be free of the shackles of your biggest customer because now you can go and find another big customer or lots of little ones or MAYBE a bigger one sometime in the future?
(iii) Start a disciplinary procedure for gross misconduct, destroying half of your turnover without asking your permission halving the value of your company and ignoring your many emails?
This is not a rhetorical question. Another question: why are some people here not even considering the reality of what's happening and what a lot of you are feeling in your guts? Please use your common sense and ask why is the sp going down so much so fast and whether you feel happy about it.