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Actually Thornogson , covid-19 made Mr James Wakefield more fatter and he is the one who dictates the cruise ship called Novacyt to shores where he can off load private investors .
'It's a PCR company. No more and no less.
Its drifting back to what it was before Covid gave it Icarus wings.'
Yes they have failed to show the competence necessary up until now to take advantage of the situation but pre covid they had £1.5m cash and £7m debt, now they have £87m cash and £0 debt after paying out huge sums for the LTIP and buying IT IS for £10.1m. There is no way it can just drift down to pre covid share-price level.
There is still a fantastic opportunity here, especially if their growth strategy ends up revolving around M&A in such times.
Back in the day this was going to be £54 a share.
Spread sheets foretold riches beyond imagination.
A mid tier diagnostic money printing machine.
Some thought not. PCR? Hmm. The future? Really? They were shouted down (SaintSmith/Usain et al.)
The Independent warned of issues with the Government contract.
A dodgy dental Director quit with rumours of impropriety with the Government contract.
Your CEO said in an RNS that the outlook was guarded (you accused him of being a poor communicator).
It was pointed out that a pile of cash never won a game of Monopoly, you needed a plan and recurring income or sooner or later you'd go bust and lose.
Remember any of this?
And now the outraged surprise. 'We've been robbed!'
Less than 1% of Porky's £54 prediction.
It's a PCR company. No more and no less.
Its drifting back to what it was before Covid gave it Icarus wings.
If I thought for one second you would achieve something that would lead to an increase in my investment then yes I'd be
"up for it "
Do we have a replacement CEO that we can install who we all think will be brilliant ?
Can we influence the prep for the court case ?
Can we dictate what R&D work on.
Can we influence sales.
Maybe at best we can get them to communicate more , give us sales figures and a strategy .
I can't devise a strategy not my area of expertise.
I just don't think you will achieve anything.
Kaeren,
No harm in trying and what will we achieve doing nothing?
I must admit, I thought you would be for it?
Kaeren, once you reach a certain point, I think they have to answer... or what is the point in them supposedly acting in the shareholders best interests?
Maybe we CAN get enough, if there are enough disgruntled holders? #pastandcurrent
Well my first thoughts are as follows...
1: Trust seems to be lacking here (Lse), so, I feel if a few of us, could at least manage to liase and arrange a meet and have a coffee and chat and verify each other, for an hour or so?
It would at least, then add validation of the person doing the tallying, of held shares and perhaps, would give those that might think, "its a ploy" to find out numbers, then they may perhaps, have more confidence to come on board? Just my opinion.
2: The average numbers from those that have been forth coming with numbers, seems to be between 30 and 60k ish, each? With Wbafc being the exception with around 100k.
So, I think we would need say, taking a low average of 30k ish per PI. Then we are going to need around 75-100 to reach 2-3 mil?
So, anyone who is actually interested, even if non committal at this point, might need to state, yes or no, on here, to see if it is actually worth considering this option? May be someone could message the French holders and see if any might be interested? At least this way, we can see if it is even remotely possible?
True some may just go on trust, but, others wont... Plus, in my last situation, I will point out, that (and we were talking from 100k of shares to multi millions of shares) we did get two (stooges) who both proffered around 10 and 20 mil shares each and then backed out at last moment, when we went forward with our resolutions!
Fortunately, we over estimated in the first place, so it made no difference, but, this may well happen, be wary of it? Hence a face to face meet, to set security guidelines and required parameters, and of course a short list of resolutions to put forward, (assuming the weight of numbers is there?).
3: Finally, if anyone has any other suggestions (sensible not rude) please put them on here for all to see?
4: I have set up another Twitter account, for this purpose alone zero followers zero following, which I will put up at pre agreed time or indeed Harchris or another could? To allow direct contact info to be sent by direct message to protect all individually, although the person doing it will know all?
Thoughts ???
Valju , Harchris , I'm sure you remember Dunchallas tried something similar. Whilst disagreeing with some of his assertions, placing incoming , going private .... He had a core of holders that held well over the amt of shares mentioned. The company refused point blank to answer any of his multiple questions. Whilst I understand the level of frustration, I think your attempts would not succeed.
"You know as well as I do, no one knows the real reasons,"
you like to deal in conspiracies...i go by occams razor principle..the most obvious reason is prob the truth
Val - you don't need to be an it guru to register for zoom and click schedule a meet.
you make a rule every one has to have camera on - so you can see who you are dealing with. anyone not willing to show their face - you remove
i suspect you would be more likely to get a response to that then a real life meet.
but that is just my 2 cents
I’d be up for meeting but I agree with Wilson that we’d need to collectively own at least a good few million shares to have any impact whatsoever - im happy to make a telegram group and see how many we can get to join and what our collective holding amounts to?
You know as well as I do, no one knows the real reasons, except a select few. The rest of us will find out, when they decide, but at least the suggestion of zoom, is a bit more positive... :)
Personally, think it would need an IT orientated person to sort it - as not my forte, more a muck & bullets person myself?
And, it could then be a little more difficult (imo) to verify the genuine, from those that are not?
Were as a face to face, (again just imo) it would allow all to see all and speak individually, as well as collectively, but frankly from the response, I dont think most can really be bothered?
Still as the sayings go, my money my choice and of course, in my personal opinion?
Are you close to South (west or east) ? just curious?
"So, its either the City, the Bod or maybe its sheer bad luck, is it?"
there is bad luck - having to deal with the gov stupidity.
imho the bod might have been ok for a tiddler company...what they have shown is that they can't manage a company with £100m in the bank.
so it is a question of competence.
they showed that by employing salad man - which set this company back by over a year of his tenure - but now seems to have paralysed them
val - if you really want to get a group together - then maybe do a zoom/teams call?
no cost other than time..a lot more practical
I know what you mean Wilson, but, if people are really sitting on large losses, what is another 50-100 quid of travel cost, to meet up with like minded people to discuss the situation and proffer alternative options... as everything (as you rightly point out) gets shot down in flames here? :(
Whilst irritating I will like you, hold until end now and even buy more if I deem it worthwhile?
As something just doesnt bode right, in the silence of the BoD, the lack of a replacement, the **** about face structure of some rns's and frankly any other aim Co would blow their trumpet about releasing this, approved for that, new product this, new contract that?
Yet we have a supposed super Chairman, (whom I assume had a hand in Turnip man) and now a bean counter for the temp replacement... where is the "getupandgo" person now?
Ah well, seems its a case of, you can take a horse to water, but, you cant make it drink?
This BoD must be sat in their offices with the Lse on in the background, laughing like a drain!
Valju, your going to need a accumulated 3/4/5 per cent imho before anybody pays a blind bit of notice to us, you've seen what the lse board is like currently so can't see much appetite for it currently. Speaking personally I'm just going to have to grin and bear it until the Agm of VP which there is no justification to hold behind closed doors.
Made up statement
The company have decided to maximise shareholder attendance at the Agm it will be held remotely.
Made up statement.
#HHH
Just my tuppence for now.
Always said the demise of NCYT is on the wall. BOD have their nest feathered with the self voted pay rises. Will milk this company until its bone dry before conveniently moving on to the next victim company. Soulless people. Could not care two hoots about shareholders or SP. Always predicted a 50p share price at best but with a DHSC negative ruling a distinct possibility the cash at bank will be wiped out. Next SP target 10p over the next 12 months.
and yet as a holder, you dont want along with others, who are unhappy about the current sp, to arrange a meet, to discuss how best to vote at next agm?
my POINT was, they havent stated they are going to loose, dhsc dispute, yet? So, there must be alternative agenda's ie remove as many PI's as poss, simply stay in position taking as much as poss, until removed... ?
But what they are not doing is looking after shareholder's best interests, and I dont see anyone screaming at Fca what the hell is going on, just moaning here, which you have mentioned time and again, moaning here wont affect anything?
So, its either the City, the Bod or maybe its sheer bad luck, is it?
#Idontthinkso IMO
But, it is just that, my opinion...
Still thing if a couple dozen shareholders or more, could get some traction, ie meet up at a pre arranged place (one weekend or whatever) and perhaps get to some common ground we might be able to help ourselves, rather than just sit here day after day, bickering ?
#Itsgettingusknowwhere imo
"no news is good news"
really? how is no news good news.
they are a company supposedly selling a portfolio - there needs to be news on progress of sales or portfolio.
the only real fact is that - no news on AIM means SP gets battered
as too often it means jack is actually happening
Until an RNS states - no hope - dead in water - then I am of the opinion - no news is good news - despite how unpalatable it feels - but each to there own - because that appears to be the way of the Nova PI - stand alone - I do wonder why, still ? #safetyinnumbers IMO
Lack of director buys is telling. They clearly have no hope for the sp.
Now a nice round £50m below cash value. I mean wtf, what does the market know? Ok there’s an imminent financial crash but shouldn’t that be when marcaps take an illogical hammering? Unless we’re suddenly going to lose £30-40m this year, what is actually going on.
And yes I’ve written to ‘investor relations’ and fully expecting the bog standard ‘no news is good news’ bull****
Not surprised tbh.
If you saw two people, one puts their entire £100m fortune on red on a roulette wheel for a single spin, the other just spins the roulette wheel but only makes minimum wage, who is the safer option?
Some big director buys would be nice, but it seems they'd rather play it safe too given they could be out of work in 18 months.
And who the hell is making any sort of money selling as these prices?
"What’s the matter with the market?"
not the market's fault that it has lost complete faith in the company.
the real question is wtf is this company doing?
Trusted, I would have to also ask, what is the matter with the BoD's ?
Does make you think! or indeed overthink
Nice, love Southern Ireland :)
Glad you can make it over though lol, I understand HarChris is South East, so might be able to link the three of us in?
Im happy to travel down to Surrey/SouthEast... any thoughts HarChris?