The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Good, I'm glad you've lost multiple pounds per share P100, serves you right. Get a job!
The fact that they have £97mn or whatever in cash means they can pay the legal team till they finally win against the gov't, and get a lot of money back.
Still my opinion on this one. Prepared to wait.
Get ****ed. You’ve lost 2p a share. Some of us have lost multiple pounds per share.
Troll.
The more I think about that buy the more my blood boils. It was an act of contempt and **** you to shareholders. The bastard is a multi millionaire and he is using an RNS that will
Have cost normal people thousands to throw in £7K? Probably carries that in his wallet. What a random, tiny amount. Disgusting timing.
Such contemptuous behaviour and I wonder what the rest of the board made of it.
Bought in at £1.12 and sold at £1.10 - possibly my worst managed trade / investment ever.
Good luck anyone remaining - my luck with this share it will probably triple in price now.
Thanks Blue
Ncyt are scheduled to turnover £25m and be left with £98m cash and circa £160m in total assets year end. They also haven't factored in q4 , where if COVID explodes again £25m turnover could easily double or triple ( not quite reach £100m imo ). The DHSC dispute is moreorless in the bag as they have the same chance as amber Heard in her latest case failed case. The DHSC overordered and are making excuses for false positive tests in order to not fulfill other end of contract. Pity everything was signed in black and white and the DHsc cannot send their unit into administration to avoid payment ;-)
Looking like a bounce more likely, very appealing to traders after a big drop, very high volume and value below nav
Zelensky got in in May 2019.
I have not seen inroads into the US as GR was responsible for overseeing .
Look at the lack of sales into the states . He clearly wasn’t performing .
Appears to have been some changes within the executive leadership team, gone are both Guillermo Raimondo and Navin Nauth-Misir. Which is not a surprise, David continues to make his mark.
@Orangutan73
Well said that man
Too risky to short. I personally wouldn't as it is at half NAV and they are not gonna incur much more losses as most has been written off for the next year . If I did short ncyt I would only do 2-3x leverage only for small stakes
Good points. If we did dump ncyt , there isn't much else anything else one could buy which good value on an any international stock market. Crypto is great but risky as you say. Everything on the stock market is overvalued . Property etc. Oil and gas stocks are at aths and should not buy. Weapons makers such bae are a good bet but have so many losses offset in aerospace. At least ncyt has a current asset value of around £160m rn and yr buying for half the price lol
I see James Wakefield is moving a lot of his correspondence in other companies he holds directorships in to his company westbridge. https://www.westbridge.co.uk/team/
Expecting to see this fall below £1.00 today. Grab all those round figure stops, little rise up for 10% profit the. Weeks of sp drifting further in the AGM where DA loses his job etc.
Well yes, it is all looking like a right Belshazzars feast. Perhaps the stockmarket won't fare so bad as there is simply no where less risky to park your money. At the moment with inflation into double digits keeping money in cash is problematic as it just quickly erodes, interest rates are still at rockbottom and may remain so as there is too much government debt. If they raise interest rates much higher the debts can't be serviced. Gold has treaded water this last year and holding physical gold is costly, then there is the margin when you come to sell. Crypto is very risky. Property is overvalued. Also, sometimes the worst thing you can do is crystalise a loss. Things do recover, but it can take years.
Babyhuey I agree re board not performing, however the issue I'm wrestling with is this
DA is trying to get rubber stamped for the board will that help us shareholders or not? We are not being provided with much evidence currently that it will/would that's my only issue I'm undecided on re voting.
Discussion appeared very fair last night which was great after recent days.
BYP you said here what I’ve said but naturally I get shot down. Governments and people don’t have the money to mass test. Will I buy a test in a shop? Absolutely not.
Why is there even discussion here about ****ing covid contracts? Look at the figures. The pricks on the board said a 50% decline yet it is much much higher. By year end we won’t have any covid income which is why I’ve said elsewhere that our true income is about £7m, going forwards. Until such a time we get news of something else. There is nothing else as they have not confirmed anything other than mumblings about q4. When I first had that in April I dismissed it but got shot down as usual. You watch there be absolutely **** all material sales in Q4 of anything.
Reason is because we have an unhinged person in Russia.
Not so sure about that... of course if you believe MSM and that everything is always black or white.
The Maidan coup of 2014 was a CIA backed (as well as Victoria Nuland) operation.
A lot of evidence suggest this, as well as an independent court case in Kiev in 2018/or 16...
Putin was under a lot of pressure internally in the Duma to invade from the get go.. he's actually held off , trying to find a peaceful way out of this.. even though the puppet Zelensky has been bombing the Donbass region since 2014 , killing around 15000 people . The Minsk accords haven't been upheld by the Ukrainians..
And all of a sudden they're the good guys... the same media that have lied throughout the plandemic , we're all supposed to trust now? People need to wake up... economies are being dismantled for a reason..
I'll let you all work that one out for yourself.
You could listen to the Market Sniper (Francis Hunt) to get an idea of what's really going on, especially in the macro economics..
Testing is rampant globally but not in UK or US anymore . Current COVID wave should peak soon then winter should see huge numbers again
They basically are on course to have £98m cash year end. Total assets incl cash now prob around £150-160m. Dhsc dispute prob will win £50-60m not £80m as all their tests were CE and FDA approved.. COVID will not generate profit in near future. Useless board but prob oversold if market cap really is £78m. True value probably 300p once Dhsc is resolved .
Not necessarily a one hit wonder, it has 100mm in the bank on top of existing potential, a half decent BoD could achieve a lot with that. I agree with your crash predictions but not your politics, comrade, a crash only enhances NCYTs sector as does ongoing war and pestilence.
I therefore nominate the four horsemen of the apocalypse to the BoD.
Ncyt was always a one hit wonder. I by the way paid dearly for my view as bought at 75p odd, sold at £1.25 and watched the stock go to £12. Nevertheless I still maintain the stock is a one hit wonder.
I am personally waiting for a stock market crash proper. Like we saw in October 1987. Reason is because we have an unhinged person in Russia. And that's before the threat of China invading Taiwan.
And yes I do remember the stockmarket crash of 16th October 1987.
Take care all.
PLC directors buy shares in their company to show confidence in their own ability to make the business more successful and increase SP.
It's not clever to buy shares in the company where you work unless they are discounted, because if the business does bad you lose your job and investment, double trouble, invest or work elsewhere to manage risk.
Bio had 5% of the stock and swim in the same pool, they would an effort to track NCYT success in the market, they know the same people.
Covids staying but response will keep changing, Govt. corporate or retail testing will be needed. But covid revenue is legacy\recurring, BoD need fresh ideas for new revenue, but for that we need a fresh BoD.
Current BoD has too much deadwood, people who were directors in acquired companies were kept on, NEDs seem to be friends or semi retired senior employees. New directors not the right kind of people.
A plan is needed to fix the BoD, DA or a new CEO needs to get external help to restructure and refocus the business and BoD. The business has the money and the opportunity to grow today, it just needs a plan and a BoD capable of implementing it.
It's over
Laid bare in trading update
COVID revenue fell off a cliff
Non COVID revenue down
Spend as much as you like on research and development but if not increasing sales the share price will follow the bank balance down
My lifeboat been launched and rose tinted glasses stamped on