Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video 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've posted a times article relating to the DHSC before.
I'm not going to keep posting it as more posters try to leverage old news. The crux of the matter is the contact that was not renewed because the government switched to the cheap chinese rubbish. Now the DHSC are trying to stop paying for products bought. They could very well not like the headline figure. They should have thought of that when they changed course.
Mmmm??....."his mess"??
SPs fall like a stone, then sadly rise like a snail dragging a lead weight.
It's always the CEOs fault when shares hit the floor...
It's the punters wise investment when they rise...
Time is totally indifferent to both....a slow moving Fast-Carousel
You needed to guess when to jump on, then jump off - if lucky, it's called skill
Patience is needed but is not always your friend.
Best of luck...to all...we need it.
I'm holding (through laziness) as no where else to go ATM.
What is the name of the successful company you are C.E.O of and why don't you act like one? Not meaning to be rude but a genuine question.
Your statement "his mess" lies the blame for the DHSC dispute firmly at Novacyts door, specifically G.M. As a CEO of a company you must be fully aware that even the "best contracts" sometimes end up in dispute and through no fault of yours. Contract resolution takes time and the result could come tomorrow. G.M does not fly solo and the entire board will be hands on with this until resolved. No one complained when they won the contract , nobody knows for certain why they lost it. Although it is frustrating the cash balance will be growing on a daily basis because of the plethora of private testing companies we are involved with , their bau and other covid sales non travel related. They have not employed over 60 staff members to stuff sausage rolls in the places previously mentioned.
Butchers bike it's incredible one company can keep it in a trading range by buying and selling tiny amounts, it does beg the question now what are they hoping to achieve, and for who's benefit.
A.t trades are back. Let's see if the price is being dropped to fill a buy order.
More good news would help fill the time gap between now and the results and change of ceo
Be happy, we are selling millions and the sp is up 0.2%. Loving it.
Liar? When I quoted an Rns some Ceo you must be and your lack of research just makes you embarrassing. I'm a ceo but only of my van takes all sorts eh.
I've spotted interest in the new escapePLEX test. There are various websites that are highlighting the full extent of the tests capabilities. It is an assay test along the lines of winterplex. When it was released recently it said it was a first to market.
All the conjecture in the world cannot hide the fact that revenues are like the mining word nuggety
One minute mother lodes of gold ( contracts ) and then a wait for the next seam or cluster. The late test now needs to arrive and the DHSC need to pay up. The paying of money owed could be worth a years income for many companies. Ecolog got their money fairly quickly but I suspect there is allot more money involved here.
FYI get your facts right I have been invested since March last year
At one point 50k of shares am still in credit but well down from the height
I am a CEO of a successful company no nor s physic and not a blind gnat follower
If I was the chairman Graham would have had 3 months from January to sort out his mess not DHSC
So when you get your facts right vine beck and challenge cut the lies it is costing people their money . People like you are the problem liars
Earth70000, we need a bb member with PCR technology expertise to comment on your info, lest we go off chasing rabbits. Merits some commentary. Skulduggery would not be a surprise. Although tests not working is a major issue for ThermoFisher. Perhaps they want to buy a gold standard diagnostics company!?
Primerdesign tests can be used across the large suppliers equipment. Most of it is lab based. The smaller faster tests are nudge samba and qpcr16 and qpcr32. It then depends on what is being tested for.
We know that a large salesforce has been put into place for the new nhs framework. Etc?? At the moment no one seems to know what is going on.. it will be better when we can see the worldwide sales growing. That will underpin the shareprice as the reliance on this country dwindles
Earth70000, a lead for a Daily Mail journo may be. Does sound a little suspect. Allowing virus carriers to spread until they are really ill or recover. Too many positives is not good for popularity. Testing is going on but now potentially being doctored. A bit like the trick or treat app.
Deedo99. You seem to want credit for being a physic I think. The truth of the matter is it just turned out that an RNS came out the day of two after you made negative comments about GM and then you have continued to blow your own trumpet. You then keep returning with silly questions as if you know sweet F.A about the company and asking people to do all the hard work for you. This happens on a repeat basis. You have been advised many times to dyor but it seems this has fallen on deaf ears. This is the reason you get the replies you do(My belief anyway)
Just remembered it was thermo fisher actually, and their tests don't seem to be working is essentially my point
Slightly off topic, but one of my old uni friends (now graduated whilst I'm stuck in my master's ahah) actually works in a lab testing for covid. They're all having to self isolate because of a lot of cross contamination. They're about to land a contract with the DHSC supposedly to support the government. However, I believe they're actually using Roche tests and machines... (May be wrong as this convo was two weeks ago)... And this is where it gets interesting.
They've recieve thousands of tests that are showing detection of covid around 38 cycles, but have been told to cut that if there's nothing showing by 35 cycles, to just class it as a negative, and that at 38 if there's no significant spike it's classed as inconclusive. So the numbers might be coming down, and I think that may be the reasoning.
Jolly good Wilson, that told them
Disputing your version of events is neither being a liar or a bully I base my 10 million prediction on this segment of an Rns
For the five months ended 31 May 2021, the Company had unaudited sales of £88.4m compared to £40.8m for the same period in 2020. This £88.4m includes £40.7m of sales to the DHSC, which are part of the dispute. Excluding the DHSC, the Company saw a run-rate of over £10m in sales per month in Q1 2021, which has declined to approximately £7m per month in April and May as infection rates eased and testing has dropped sharply. This is a repeat of the trend seen in 2020 as countries moved into the summer period and the spread of COVID-19 declined.
Looking forward, the Company expects strong growth in private testing as markets and travel re-open, which could lead to higher infection rates, and an increase in testing to return in Q4 2021, in line with Q4 2020, during the winter period. The Company also expects to see significant new growth from the launch of new products during the second half of 2021, including an expansion of its lateral flow antigen testing portfolio for both professional and home use. If demand picks up in line with expectations, the Company expects to see full year sales of approximately £100m, excluding the sales to the DHSC which are in dispute.
Now would you agree testing has increased significantly? Now would you agree we are in approximately 25% of Fit2fly? For example gosafe expanding as pointed out by kaeren this morning biograd expanding as recently reported, I could go on but I don't need to happy with my investment, your not sell your mythical shares.
@Deedo
How much reassurance or hard facts do you want?
The company report in June gives a cautious H2 prediction of 50m (net of any DHSC/NHS sales), which equates to just over 8m per month. But, that was before they knew that travel would be opened up so soon. It is paradoxical that the vaccine's success, for which our SP originally took a substantial hit, is what is allowing travel to happen and for private revenues to soar.
You cannot expect to see any big contracts with these test providers. The likes of Katalyst, Boots and Wren Healthcare will be ordering on demand from Novacyt and, by all accounts, demand is soaring.
The evidence is everywhere (flight data posted this morning on the board) or look here:
https://www.dailymail.co.uk/news/article-9854249/Price-holiday-Covid-tests-soars-60-WEEK-despite-Government-promises-drive-down.html
Prices of tests are actually going up as demand rockets and we are supplying between 25% and 30% of these test providers. Some companies, such as Randox already mentioned, provide their own tests but the majority are just laboratories who need others to supply them with the tests - many are going for our quality product.
I suggested a 10m figure and this is based on a small rise to already very cautious figures. The reality could be far in excess of this, but we do not want to unduly raise expectations (ramp) without further information.
If you cannot see it, you should not be invested.
More lies on this board more bullying of genuine ask oh you are so so weak anyone who can’t acknowledge improvement needed
If you want to check I was only person on this board who called Graham’s incompetent out then you weaklings all jumped on board day after saying yes he had to go etc
Please grow up and go run your 100 in your head cause that’s where a lot of the waffle in here is in people’s wish category . It is truth that sets free and enables not waffle
Lots of idiots pretending to be clever. They just bore normal investors to death.
Deedo you supported randox when they were ripped apart on tv because they said they delivered 99.9, I've just ran 100 metres in 5 seconds.
Now in a more factual response....nah I'm happy with ten million excluding dhsc July August etc.
Holding here as always.
I have looked and looked can anyone help me with HARD FACTS that we are selling sufficient every month to generate £10 million or net profit , even revenue would be helpful but no contracts , no hard evidence if management accounts just we think
The reality here could be DHSC has put a negative cloud over our products and no one wants to risk them until the dispute is settled one way or another
I firmly believe PCR numbers are rising but is it other company’s like Randox which I can see physically in my environment .
There is no hard independent evidence Come on NCYT board if you have it shard it here or RNS Mandy do your job or move aside like Graham and let someone with proven marketing capability do it please you are destroying this good company
@earth
I appreciate how frustrating it must be for you watching tour friend's stocks rise whilst you wait, especially at your age where time appears to move far more slowly. And as a student, you really don't want your money tied in for too long.
But remember this. We are likely turning over a minimum of 10m per month in sales now with the uptick in travel and continuing requirement for testing. With gross earnings of 80% and net earnings at approximately 40%, this means each week that goes by we have another 1m of cash ( yes after tax) in the bank. The company is therefore worth an extra million each week or has an extra million to play with, whichever way you want to look at it. Each week an extra 1m - phenomenal for a company this size.
The SP cannot defy gravity for ever and will need to rerate at some point to reflect this reality. This could be a gradual rise in confidence and drift back up in the SP or some catalyst will trigger a more immediate. rise, or a combination of the two.
But, I think you already know you are doing the right thing. As frustrating as it may be, your patience will be rewarded.
GL
I keep calling stocks perfectly with my friends money at uni, but can't seem to release any equity to invest myself because most of its tied up in this stock.
It's a ballache. Let's face it. But if we didn't think we could make it back out of this trough, would we all be here