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DHSC central procurement and contracts teams have confirmed that no central funding is allocated to extend any contracts, that doesn’t stop us from working directly with end users though which does have some advantages.
From IR last month when i Saw this and Ask IR about it.
And who ever strategy you believe to be the right one, ultimately this is so far undervalued its untrue.
Company should be valued 2 to 3 tines higher than it currently is hence I buy .ore and the Biosynex and the directors have been buying.
They know something is coming.
Poidster,
My opinion is there will be a takeover in the market future and David Almond is a caretaker CEO to facilitate this transaction as Graham Mullis was opposed to the it and wanted to grow the business himself to madcap
Heard several times now the DHSC resolution is imminent and the deal will likely not only include cash owed but so e framework going forward, possiiby involving Q machines, Co Prep and deals on tests.
The takeover will be amicable with just the DHSC dispute to be cleared up before clarifying the company agreeing the final value of any deal.
That my opinion and all to unfold in the coming weeks/months.
Alot to look forward to and doubt Novacyt will be here late summer.
What you're missing is that David joined a company that was absolutely flush with cash, with no funding requirements whatsoever and at a crucial point in terms of its transition from pandemic emergency responder to leading international diagnostics company. This meant that DA was in the unusual position of not having to worry about the share price, not having to reveal his hand to competitors and with the luxury of burrowing himself away and getting a strategy in place. All this information that shareholders are finding out proves that a lot is going on behind the scenes and they are making moves and positioning themselves to grab a healthy market share of this burgeoning diagnostics sector, it proves the management are more than competent.
There is nothing whatsoever to suggest the CEO is out of his depth, there is everything to suggest he was buying as much time as he felt he needed. He gave the whole 100 days spiel to highlight this and then popped up to basically tell us April is when the market will start being properly informed.
Whilst I've defended the approach up until now obviously there is a limit and that time is fast approaching - let's here what he has to say at the end of the month and cross our fingers that a noticeable change is about to take place.
This was the small £5m contract that was won https://bidstats.uk/tenders/2021/W36/758513953
NHS trusts are now buying via the new framework
https://www.theyworkforyou.com/wrans/?id=2022-03-03.133999.h&s=Pcr+testing+in+the+nhs#g133999.q0
Direct link. Looks like moving from national contract to individual trust requirements
Emex, are you alluding to the last few sentences about Promote change on 31/03?
Why on earth are we finding out about these collaborations like this ?
This is a big deal, our new invisible CEO, an expert in marketing and sales says absolutely nothing. The last presentation he gave was crap, share price tanked.
What on earth is going on ?
I hope the next presentation is better and at least gives optimism for the future.
I get the impression now that the BOD/ CEO are way out of their depth and seem to have no clue.
Convince me otherwise
Try this link then do a search for PCR testing in the NHS . Scroll down the list that comes and have a read of the reply on march 10th
https://www.theyworkforyou.com
Currently it appears there are nine different covid pcr tests including PROmate that are used in the NHS .Five of these are lab tests and the others POCT. This link is worth a read.
https://www.theyworkforyou.com/wrans/?Id=2022-03-03.133999.h
Thx Neil , don't suppose you know who the Northern European Sales mgr is ?
International Sales Manager (Southern Europe)
https://www.linkedin.com/in/matthew-mayhew-608a9131/
Good link to the webpage , lots of tests offered .
Could our Q machines be part of their grand plan ?
Scaling up !
https://www.1mg.com/
Tata acquired majority stake in e health care company last year , they are taking healthcare and diagnostics very seriously and are now using our POC diagnostic machines .
June 10, 2021 | Mumbai | Tata Digital
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Tata Digital Limited, a 100% subsidiary of Tata Sons Private Limited, will acquire a majority stake in digital health company 1MG Technologies Private Ltd. (“1MG”).
Incorporated in 2015, 1MG is a leading player in the eHealth space and enables easy and affordable access to a wide range of products like medicines, health & wellness products, diagnostics services & teleconsultation to customers. The company operates three state-of-the-art diagnostics labs, has a supply chain covering over 20,000 pin codes across the country, and through its subsidiaries is also engaged in the business of B2B distribution of medicines and other healthcare products.
The investment in 1MG is in line with the Tata group’s vision of creating a digital ecosystem that addresses consumer needs across categories in a unified manner. E-pharmacy, e-diagnostics, and teleconsultation are critical segments in this ecosystem and have been among the fastest-growing segments in this space, as this sector enabled access to healthcare through the pandemic. The overall market is around $1bn and expected to grow at ~50% CAGR driven by increased health awareness among consumers and greater convenience. This category will form a key element of the Tata Digital ecosystem offering.
Commenting on the investment, Mr. Pratik Pal, CEO of Tata Digital, said, “The investment in 1MG strengthens Tata’s ability to provide superior customer experience and high-quality healthcare products & services in e-pharmacy and e-diagnostics space through a technology-led platform."
i have to think David ( the caretaker) is just along for the ride,so not expecting anything from him in the April statement ,yes he may have bought in but i think thats because he either knows the DHSC settlement is close , or more likely that a cheap takeover is definitely on the cards . personally i consider it all to be a bit murky , of coarse this is just an opinion without any proof , just feel the whole thing stinks
I don't think there will be anything in the April statement that will drive the SP. I would expect a drop on the statement.
The next time we hear anything to drive the SP it will be a random RNS. Maybe the DHSC dispute settled, maybe a merger.
Might be just posted on Twitter instead of an RNS, who knows.
Yup agree about his last presentation it lacked that depth of professionalism imo,, he sounded a lot like Brent ( Management Speak ) i thought the nothing now till April was a huge mistake imo ,,He has now had time to know the company and lets hope his 50% revenue drop from Covid statement could be very very Conservative,,All eyes will be on him lets hope he delivers a banging donk of an update cause lets be honest the SP needs summat !!!
Week beginning the 25th, no specific date advised.
johnny - i agree he won't get away with just corporate speak for long if he has no decent strategy.
he has been given enough time and patience by shareholders- now needs to deliver
anybody know which date we are expecting the update?
Captain, I agree and was left thoroughly unimpressed with his performance. Far too much corporate speak but perhaps we need to take his marketing background into account. You won't get away with that for long as a CEO. Nevertheless, I'm willing to give him pass as it was his first outing and he did seem under the weather. Hoping for a much better performance at the end of this month with something substantive in the update.
i have to say i am slightly nervous of DA presentation as i was not impressed with him last time. all rhetoric with the relebant buzz words but with little or no substance.
my hope is that there will be some good updates to counter the waffle.
Its funny how there are some accounts who just come onto comment on ncyt and nothing else.
yeah, e for a again,I always seem to spell that word wrongly, the main word ,in this context,is
"stupidity".
To be fair the last time he came out with a big announcement we tanked over 20% that day, so maybe silence is good.
Agree tkr the way the whole bod have treated their shareholders is a disgrace.
DA is proving to be anonymous to us. Think we deserve better.