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Thanks to all posters who replied to my earlier post offering varied views today - much appreciated.
I posted the link as a heads-up, in case the market turns sharply as predicted. I realise this share is contrarian and has sound fundamentals, but when panic sets in many investors tend to sell everything and only return to the market when conditions improve. This could give canny investors a chance to invest at a lower price, but timing exit and entry points is never easy in choppy waters. I'm hoping for a steady rise on the run up to the AGM and hope nothing hits the fan before then. Please keep a close eye on events across the pond as we approach the end of the month. ATVB. T
Worth keeping some healthy cash levels just in case for any good opportunities should markets nosedive. Like you my stocks are mostly out of those stocks that would suffer in the prevailing circumstances.
Balanced, I agree with you. Seeing as there is so much expectation of a crash, you have to think that the gloominess is already factored into markets. It seems to me that crashes are generally unforeseen and it's that surprise factor that catches people out. After all, the ftse100 is down 25% ytd and the ftse250 more than that. Besides a full, restrictive national lockdown the most I see is the wider markets trickling down another 5% or so...
Covid 19 is a global pandemic it does not listen to market opinions ....it decides future investment in testing and the importance of early diagnostic treatment. In lots of diverse fields ....very confident im in a fast growing company in which the global economy will be throwing billions at for a very long time ..... Im not invested in mars bars. Testing saves lives ....the value of being number 1 is still growing faster than some like ....there is no vaccine and the best is only.showing 50% efficacy. .... The best is yet to come for novacyt.
At the peak of the madness back then, Microsoft stock was valued at 113 times the per-share earnings of the previous 12 months, and Cisco Systems an epic 300 times. This time around, Microsoft, Apple and Google are all on trailing price-earnings ratios in the 30s, which are historically very high — but not quite as crazy as back then. (Netflix, though, is 80 times trailing earnings, and Amazon more than 100 times).
Exceptional p/e's I know what's ours? Will be still under 2 when sales are updated, trinityman im no longer blasé but this share is very sound imho
Think you'd have to be pretty naive to not think "storm clouds are gathering again" for the world's health & economy. Seems pretty obvious what sectors of of the market will be hit again in a big way (some companies mentioned below). The thing is (as others have said) if the world wants to fight against covid it has no choice but to invest/buy heavily into covid diagnostics/therapeutics/vaccines etc. Diagnostics is here to stay for quite possibly years and it just so happens our little company is one of the very best in the world. In these dark times with clouds looming overhead you literally have a shining beam of light telling you the very thing the world needs to get through whatever's to come. Bit dramatic maybe but that's what i believe to be true. Very happy and confident we're in the right place, right time in a very horrible horrible situation. GLA
Trinityman there was no link to any particular article? If it is as Wilson63 says about markets imploding then I also see this share as "insurance" as it is a beneficiary in any covid driven market downturn. Yes it will be affected to some extent by any downturn in overall market but not by as much as other shares imo and should recover more quickly.
As I posted in one of the other boards - trying to judge market direction is very difficult. How many people were pretty much fully invested when the downturn hit in March? How many were sitting on the sidelines waiting for the second leg down which never materialised?
If investing was that easy we would all be millionaires many times over by now.
My personal view is that markets do the unexpected and as a lot of people are now expecting another crash I don't think it will happen. We are seeing a correction of sorts already but another crash? I don't know - it'll happen some time but maybe not yet?
From a wider perspective I wouldn't touch most stocks. Airlines, banks, housebuilders, discretionary spending, all will suffer heavily as unemployment shoots up next year. Personally I see a housing market crash in 2021. But covid stocks... the global economy is basically ploughing its whole GDP into testing and vaccines. It's a once in a lifetime opportunity for all covid related medical stocks. Trick is to choose the best and those with most potential.
I haven't been investing very long but going by previous market crashes (ignoring the one in March), do all stocks tend to suffer indiscriminately? I assume those with strong fundamentals and well-suited to the environment (i.e ncyt & covid) do just fine?
I do feel something brewing and so a week ago I moved all the money I had in contrarian stocks (think depressed price, debt-ridden and not trading currently) out and into novacyt/boohoo/synairgen/NEX.
I would say the article makes holding NCYT even more compelling - it’s a hedge against the falling market. The worse the crisis gets the better Covid stocks will be especially the one who’s actually selling millions each month at an 85% margin!
Winterplex selling at €45 in France and approved for reimbursement is a real game changer!
Trinity man I take it the whole point of the article is the markets are going to implode 62 pages so I did skim loads of graphs in it. I would say we are not cineworld with its 8 billion debt or marks and Spencer's with clothes they can't sell( who would think pets at home would be valued at more than m and s) So I would say our investment is in the best space for the time being I also hold no cash this share makes a very compelling investment case at the moment.
I rarely post, my last being back in April. I only post when there is something worthwhile to share, although I read this board most days.
I thought twice before posting this, as I am not alarmist, but thought it would be wrong to sit on this information, especially if events unfold as predicted.
Take a close look at the report on the link below, with the AGM coming up and plenty of good news around the corner this is not what we need right now. The link was provided from a credible source – Andrew Craig at ‘Plain English Finance’.
I note the usual antics presently taking place on this board once more, but would stress that I am not a de-ramper or new investor looking for an entry point at a lower price.
In March I bought the following three stocks and have added consistently, my portfolio currently consists of only the same three stocks: SNG/ NCYT/ PUR and I hold no cash.
Considered thoughts and opinions only please from the more discerning weekend readers.