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Wise advice by peka. In my working life in the City there was a truism I’ve always remembered. There’s nothing wrong in taking a profit and don’t be too greedy.
There have been times I haven’t actioned those words.
Hi JDFull3rton,
You've done well with your Novacyt shares so far, but I think having 100% of your investments in one company you don't know much about as an outsider is extremely risky. A wise man once said that diversification is the only free lunch in investing.
One idea is, if and when you've doubled your initial stake, to sell half your shares, which would mean your remaining Novacyt shares would have cost you nothing. You could then reinvest the proceeds of the sold shares elsewhere, preferably in investments whose share prices are not highly correlated with the share price of your remaining Novacyt shares. I think you could do a lot worse than putting that money into a fund such as Lindsell Train Global Equity or Fundsmith, both of which have good long-term performance records and invest in very different stocks to Novacyt.
As to whether you should keep your Novacyt shares for the next ten years, nobody can see that far ahead. You should monitor how they are performing on a regular basis and make decisions based on that. I think there's a good chance it won't be around in ten years time, because it might eventually be taken over by one of the big pharmaceutical companies.
Thanks Nordell I'm trying to improve my short term trading skills. We all have our own trading/investing styles. I'm more a buy and hold investor and so try to pick shares that fit this more medium term and long term approach and will topsclice or sell out completely if fundamentals with a share change dramatically etc.
But I'd like to develop short term trading skills for when opportunities arise in the market so the advice you have given will be useful. Cheers and gl.
Yeah - see my later posts Good luck
get on Trading view for charts.Look on you tube for how to use volume, support and resistence, fibs and moving averages. But remember these are just tools to help you get an edge. Share prices are just humans (or bots programmed by humans) buying and selling and so the psychology of it counts too. you will never get the top or bottom of a share, but you may lose your money trying, so taking chunks out of the middle is the best. Remember these AIM shares can crash easily and are often manipulated, so take profits along the way. Don't be the guy who thinks "just 5% more" (we all do!) as that is when it will crash and wipe you out. The old adage "leave some for the next man" is just saying don't be greedy - take profits
Nordell
Is there any particular software you use to identify these things or how to learn about these things for people who want to improve their understanding? I suppose YouTube is first point of call?
Thanks for this post - This interests me a lot and I would like to look into it, my success thus far if I am honest has been predicated on luck and belief, both of which took a bit of a knock in the first half of this week - beyond youtube would you suggest any other resources?
There are various places you should take profit most notably previous highs Where there is historical resistance I also use Fibonacci levels take a look on YouTube and learn Fibonacci, Fibonacci levels were really well on this sure you can plot them and it's pretty much been there or thereabouts for the pullbacks and also the buy zones if these Fibonacci zones also correspond to previous support and resistance levels then that's a good place of course on this year it's at all-time highs surprise resistant supports don't really work. But Fibonacci does unfortunately you can't post charts here as I would show you but Put your fit levels on high of April lowof June and look at how the price respected the levels and also how the fit extensions are now respecting the highs and the pullback areas
Best advice is to do your own research, (DYOR), and when to sell is entirely your choice or decision. If you have followed this board for any length of time you will see all sorts of figures mentioned, and remember that we are in uncharted waters as regarding an SP and for future growth. So to ask for a get out price is not really fair. But good luck and welcome!
I have only been investing since July this year when my brother told me I should as most had crashed good time to make money. I had various shares doing well, I sold pretty much all of them and put it all into novacyt, 10k of my money aswell. I did this because I could see this company doing really well and it was the quickest way I could see me doubling my money to then invest in other places with a growth approach to just let it sit and grow nicely. Now I'm new to investing and I know none of you have a crystal ball. My average price is 8.50, it was 7 but I bought some shares quite recently to bulk up and it was at a higher price before it started being stupid, did this also because I just couldn't see this failing at doubling my money quickly. My question is. When this gets to a stage of doubling my money or tripling at 25odd. Should I enjoy some profit and invest some of the profit elsewhere? Or could this go alot further then 30SP? I'm asking as I'm a complete newbie, im young at the age of 29 and I don't need the money in my investment just now and won't for the forseeable, what im wondering is, am I aswell just leaving this reasonable amount of shares to grow until I'm 40? 10 and a bit years from now, is this company just going to grow and grow for the next decade? Or once I've doubled/triple do I start taking down my shares at slowly back out. I know it all depends on what happens up until then and it could all go wrong for me as quite frankly I do pretty much have all my eggs in one basket on this one. Thoughts? Any advice is greatly appreciated and will be taken onboard.
B2HS2L, the related party transactions I was referring to are the sales made by Is-It- International to Is It Life Sciences.
EXMEX - What is your understanding of a related party transaction.
Is that a supplier, or a partner, or something else?
I found an office on Cork, but I think that office is now closed:
IT-IS Life Science Ltd
Bldg 1000, Units 1201 & 1202, City Gate, Mahon, Cork, T12 W7CV, Republic of Ireland
contact@itislifescience.com +353 21 601 0371
Building 1000, 2nd Floor, City Gate, Mahon Cork, 999937. Company No: IE479057
pk63- you sold all your pension and put it all into nova? really? bit of a risk taker then?
ShaunP , yes I was only covering the NHS and lighthouse labs.
Took a good look at It-Is International the other day and appears the production was done at Stokesley . The Irish connection could have been for favourable tax rates. There's a big clue in their accounts under related party transactions. According to the accounts an average of 18 people worked there last year . Regarding production the casing and possibly the control boards are probably outsourced , then it's just a question of fitting the unit's out with the appropriate gear, then test and prove up . Although this will be a lot of bench work and not requiring too large a work area these premises don't look very big and could soon be outgrown .
Shaun, - Before Germany was identified as a major customer, this item appeared in a 12 March RNS:
"Paris, France and Camberley, UK - 12 March 2020 - Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT), an international specialist in clinical diagnostics, is pleased to provide an update regarding the novel coronavirus (COVID-19) test developed by Primerdesign, its molecular diagnostics division, and announces it has invested in a significant increase in manufacturing capacity to support the growing demand for its COVID-19 test.
As of 11 March 2020, Primerdesign has sold and received orders for over £2.3 million (€2.6 million) of its CE-Mark and research use only (RUO) COVID-19 tests, which represents approximately five months of sales for the division under normal circumstances. This is additional revenue to the core Novacyt business, which has also started the year strongly. In the past two weeks, the number of countries the Company is selling its COVID-19 test into has doubled to over 50, which is expected to increase further as the virus continues to spread. Currently, the Company is seeing significant sales from Europe and from a number of new and existing distribution partners across the Middle East."
Middle East sales have not since featured as larger customers, but I doubt that sales have dwindled.
Thermo had a lot of problems with false results taqman ....had a stop put on test by fda around august time ....accuracy is important and mud sticks ...maybe
ShaunP, you were asking earlier who supplies the original Lighthouse labs .Back in early April Thermofisher signed an agreement to supply 100,000 test's a day to the these labs on the understanding that they would be manufactured in this country, hence the contract's for the Life Sciences part of their business. Qiagen were also mentioned at the same time ,they could possibly have been supplying the NHS.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/therm-fisher-gears-up-to-supply-100-000-daily-coronavirus-tests-to-uk-57976305
Looking at that new £332,000,000 contract ( 31/07/20)for Thermofisher a figure of £10 a test including extraction equates to approximately 182,000 test per day .From this I would say they are still the main provider at these labs .tests .What we saw in that message at the weekend looks like Novacyt have been asked to provide some extra test's for Alderley to further increase capacity.
Going off what we know the Cambridge lab was aiming to process 30,000 test's a day using Novacyts test's, add-on the new night shift this could increase to around the 45,000 mark. So we have the possible daily supply of 45,000 ht test's to Cambridge, 10,000 ht test's to Alderley ,40,000 covid19 test's a day to the NHS plus the new contract just announced (I did see that this worked at 60,000 test's a day) .All told Novacyt could be supplying in the region of 155,000 test's a day possibly more .
Shaunp - Thanks for your comments
From my NHS days with perhaps an element of 'black humour' often death rates not the issue as hospital planners then have increasing numbers of empty beds they need. Hence REAL issue is not decreased lethality but fact infected may still have serious breathing issues with or without other health complications & hence act as 'Bed blockers' this was the reason so many elderly in L1 got sent to nearby nursing homes as drive is all about 'Winter pressures' & maintaining a pool of available beds --- Novct really need to deal with Federation of Nursing homes as even via private means they would buy or even RENT, another option would be perhaps for Novct to consider development of mobile units in partnership with local authority areas to cover local nursing homes & smaller so called 'Cottage' hospitals & hospices -- just an idea ??
Dear all, just joined & as stated earlier today I also wished I had joined sooner thanks for being such an informative bunch.
For my part I am retired having working in NHS & Pharm industry doing account management & trial work hence interest in several recent comments.
Having seen SP go low in summer I went bold & sold all my pension SIPP stocks into 100% Novct @£2.50, viruses such as this along with other C-types ( SARS/ MERS etc ) will just keep reappearing & as has already been commented flu jabs only work so-so & typically are made each year from commonest x3 variants that past year, C-Viruses are no different they seek to survive via constant mutation & the higher the host numbers ( Infection rate) more liklihood of further mutations & no surprise re antibody recent news. GM & his team at Novct have experience required & I have concerns on fast trck vaccines, I wont be having any of initial versions Challenge trialed or not . hence happy to hang in with shares & had set myself target of £15 before any major profit taking, as others have also commented. So --- from my military days I would say to everyone, Hang tough & suck it up the rewards will come ---