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Too risky for anybody shorting now. We were a sitting duck. Not anymore.
Superb...
Have to say when i saw the headline of the RNS my heart sank, i thought oh please God don't delay these results... but no, its all good, GM done well.
And Brought the results forward a week!!!, superb and the move to reporting in Sterling is just fantastic. Next move, off the bourse and onto the main index, watch this space....
Happy days, loving it, hands down the back of the sofa time....
GLA
Tried to add some more and couldn't get a deal done. Looks like that rns has caught out a few shorts and people sat on the sidelines
I'm thinking that something material to the share price is being transacted on Monday, that can also be reported on Tuesday, is the reason that the 2020 Full year results have been moved forward.
Probably just means the Euros button on the office calculator has broken....
Perhaps this week has seen an offer on the table from DHSC, an offer which NCYT are officially considering, although the board have already decided to accept, hence why the results have been brought forward.
The plan being to formally accept the DHSC offer close of play Monday and to formally announce Tuesday at 7am along with the full year results.
Must say I also sh*t myself when I saw that RNS headline, but it’s excellent news! It’s also a classy move from the CFO, giving them the maximum amount of time & then bringing it forwards shows the market they are on the ball.
The currency change is an inevitable step towards delisting in France IMO, I wouldn’t be in the least bit surprised if this lands with the long term strategic plan…
So it looks like the DHSC dispute will not be resolved soon. Meaning no point waiting for that outcome to have a positive effect on the results.
Also a very clear signal to short sellers to get out now - sensible, but overly kind IMO.
Hoping this is the start of the re rate.
GLA LTH
Any big shorters attempting to close their shorts over the next week will have a shock tuesday morning. Wouldn't be surprised with a big drop though to try and help cover them
I'm thinking we may get fire works this morning as somebody is/are going to be very frustrated in France with this decision. Interesting couple of days incoming.
Held.......Holding........Hold.........
Perhaps they realised that the market is only interested in two things:
1) The Numbers;
2) The DHSC dispute.
To deliver any other news before the above items was unlikely to benefit sentiment, the market does not care about new products or future prospects when such a large dark cloud sits above.
Not sure how I feel to be honest, just hoping for some good news.
France is not liking that RNS, open €3.62.
I'm taking the RNs as a tip off also
Bye bye France
Sounds like NYCT are coming home.
(3 Lions etc....)
Next, tell us that we are ditching the French exchange, please! :-)
To be fair, we've already had the profit warnings.
A company within a company ....good news
Possibly the first steps to pulling away from Euronext also. An acknowledgement that this is a British company, just not on paper at present.
When I saw the rns headline I though oh god don't delay it again. To see it actually brought forward and moved to gbp is rather a lovely surprise :)
Agree, also no profit warning. Sales must be good.Looking forward to results. Buy
GM and his team obviously listening finally to investors and the market switching to gbp and bringing forward results to stop the manipulation.