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Louis, I think his strengths were/are dealmaking, raising finance, doing M&A, Lab21 were very well connected at one time. I'll annoy some people again by pointing out that he did a reverse takeover of NCYT and to have all those skills makes you better than most business people. But integrating people and creating a positive culture and day to day management I'm not so sure considering NCYTs current state.
So yeah PI right place at the right time, piece of cake, just climb to the top of a pharma business and wait.
PI you really are a clown. 1660 negative posts and counting.
2 of your latest hits.
"Let’s face it, there is no viable business here so whoever is ceo is rather irrelevant"
"As I've said many times, I'm treating it as a flip of the coin now, given that I am 82% down. Win/favourable dispute I may claw 20-25% back, lose and it goes to zero."
You seriously think the company wins a dispute of £130m and the companies valuation will go up by £10m.
**** GM - he was right place at the right time lotto winner who took his loot. Let’s face it, there is no viable business here so whoever is ceo is rather irrelevant
GM also appointed some real wasters who did nothing , the struck off dentist , the South American fella CCO , the Sales managers in America .... they failed to win any big contracts
No way would i want GM back . He did nothing between December 2020 to October 18th 2021 once he got his £10M from LTIP . Novacyt stagnated and stood still while GM waited to be pushed out on 18th October 2021 . Then they appointed salad CEO and another 13 months wasted after that
Iirc GM made a great call on covid, didn't spread his risk when everybody was screaming for tests and wasn't charismatic in interviews, which by his own admission someone from the company could have done regularly (free advertising). BUT was much better than DA.
How does Guillermo walk straight into a good job at Siemens?
I guess the thing that holds back a return is why did he leave in the first place and would he want to come back in some sort of role other than CEO.
Maybe proper retirement seems like a good idea after his Love Hemp stint.
60/40 for GM to return, all day long, I'm guessing he got the gig earlier this year to manage the business going over a few bumps if he sorted that loan then fair play to him. People are looking at the eyewatering rate and fees but ignore the risk, the terms could have been a lot worse, or indeed no loan at all. I'd 100% have GM back, not as CEO but on the BoD, he has contacts and knowledge that NCYT lacks today.
PI, it's Christmas, not a mouse is stirring in the markets, it doesn't take much to move any SP at the mo up or down. Doubt if rate hikes matter atm either as they are all telegraphed well in advanced. Trading update at the end of Jan will be awful but after that things will happen. Sit tight.
try a dummy buy? :)
They’re huge sells, but you’re trying to convince yourself they’re buys? Weird.
What on earth are you talking about?
Right ok so we’re getting battered again. In the absence of news, presumably interest rate related?
Before you have another... "meltdown" moment, it is 67.8 to buy, so seems all that is red, could well be blue and therefore the drop is to scare the weak in order to fill the buys? imo
#butitisgettingtediousnow
TI - profits from H2? Are you having a laugh?
I said I believe that they will be able to acquire their way to a valuation many multiples of where it is now, I didn't say I am confident they'll manage it successfully. I mean they'll be able to acquire businesses over time that total hundreds of millions of revenue... Why? Because decent small caps *will* be fighting for their lives soon if the recession reaches the depths that the BoE are predicting, otherwise solid companies will be on their knees. It's only just started and yet I'm seeing companies across AIM taking any funding they can on whatever terms they can get. I'm sure the same will be true of non publicly listed companies too.
If you don't have the funds to operate you aren't worth much, novacyt are in an enviable position now. Do I trust the board to spend the money wisely? Not necessarily but the opportunity is only going to get bigger in the months and years ahead.
Yup novacyt must be earning at least £5M per year in interest plus profits from H2 dare I say…lovely
HarChris are you serious? Many multiples, how? Do you trust the board to spend the money wisely?
I'm confident novacyt will be able to acquire their way to a valuation many multiples of where it is now even without any organic growth. We're entering very difficult times and in a high interest rate environment (especially one that has risen at such speed), cash is worth its weight in gold and debt is a potential death sentence.
Cash position, dispute resolution or DHSC laughed out of court, R&D that's top notch and only 70.3m shares in issue is what keeps me here.
Still not convinced on the efforts and success going forward of the sales teams to push products out the door on decent contracts. That is my only concern here at the moment.
Let's hope Novacyt have the balls to be predators , gotta be bargains out there HC.
I've been stressing for nearly a year that when the economy turns and funding becomes extremely difficult to acquire and only on very rough terms novacyt's cash-rich debt-free position is going to look ever more rosy.
I think we're entering the 'economy turning' phase now.
If he fancied coming out of 'retirement' (lol) and putting this company back on track, who would be happy with that?
I'm 60/40 for...
Just been reading that board... that went to rats shït pretty quick.
With the indemnity clause... They..... are still very connected