We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I think the fact that we are up 80% in one month shows what the market thinks of this share now and its future. Very positive.
In terms of the outcome of the dispute it doesn't mean much although we now have further sight of DHSC's position which appears to be weak. DHSC will know NCYT won't be intimated and will go all the way. Its very strange that they made the app to begin with when there was next to nil chance of success. My best guess is it was a fishing expedition to see if they could glean any info from Nova or the judge or something to do with internal politics e.g. whoever is signing off the case said you need to have a test then case before settlement
Answer will be in the price.
Clarity / Costs / Compensation / Cash / Contracts / its coming home, its coming home Cash is coming home... :)
dyor imo
Novacyt wasn't asking for Summary Judgement. The DHSC were. and they have been refused .Surely a deal is likely -though shudder to think what the legal costs will be!
Imo this means that there is merit to arguments on both sides which needs to be examined in detail, hence proceeding to trial
Does anyone have access to Level 2? What price do we expect NCYT to openat?
Typos… thanks Kaeren
Thanks Karen… appreciate your response 🙏
Yes very much in our favour , percentage 💯
Brilliant news.
Saying Gov is fighting - imo NO they are not! They are grasping at straws, imo
settlement before trial end infact, possibly before 10th June...
deal for reduced settlement and continued supply / contract...
they dont give a hoot about tax payers money, otherwise so many mo's would be using said tax payers money to enrich their lifestyles, legally and otherwise...
#waitingnearlyover imo
Sorry, meant to say- This RNS (not article)
Morning all and sorry for being Naive but does this article mean that it’s in our favour?
Thanks
Wiser
OptimisticGuy( London Watcher) you need to go and do that research you were supposed to be doing into the dispute .
Https://www.voxmarkets.co.uk/rns/announcement/c550f82d-d964-4605-9847-658db0e93e37/
If government is keen to go ahead with the trail then they want to set an example and show to the public that they are fighting for tax payers money. Also, remember because of the general elections government will do everything to put up a good image in front of public !!
They've paid out in the other cases with diagnostics companies so why not here?
Look at the Post Office scandal and how difficult it has been for the victims to be heard and compensated.Cant see the government handing over the money due to us without one hell of a fight.No chance
I know it’s unusual for us to get an rns when EuroNext is closed but I expect we still will today K.
Hi valju ..do you think the process of manufacture changed ..low ... to as many as possible .....how ... No mention of Q's
....50/50 ...I'll watch the money till Monday
I hope we get an RNS tomoz but with the majority of shareholders being French , perhaps Thursday.
Gl.. I think we wi all also get an RNS in the morning saying " court it is"..to mark LR first day in charge..i also expect a comment on the barristers appraisal of the gov case being xxxx.
Personally I don't think there will be a settlement now...not with what has gone public today.
The gov will not want to lose face and can afford to risk it in court.
I think ncyt might have settled ..to keep a working relationship with the NHS...
With all the govt corruption I wouldn't bank on it.. Look at the cover up going on with COVID vaccines.
I have always been curious what the basis of the DHSC claim is and legal case thereof. Today's Sky News reporting helped clarify quite a lot for me.
Firstly, by my interpretation of the article, the summary judgement has been dismissed and we are going to full hearing in the High Court in June. This from the last sentence "The hearing is set to continue at the High Court." I expect an RNS to that effect at 7am.
Secondly, subject to above interpretation being right, it would appear that the DHSC felt their claim was so clearly justified by what they deemed as lack of robustness (ie test failures) resulting in breach of contract, they asked for a summary judgement. This has been refuted by Twigger/Novacyt on the basis the data that supports that assertion has been wrongly analysed. For many reasons, tests can fail and not necessarily due to product defects / inadequacies. I think someone mentioned as a professional in this space, and I am aware of this too, if a test is not properly administered, there are "contamination", process incorrect etc, such test failures (or success) should be excluded. For the court to agree means there is more than enough in the data that supports the refute.
This is obviously only one part, but a big part of the DHSC claim ie the product "does not do what it says on the tin", otherwise they would not call this argument out for the summary judgement and the whole claim value. For it to be dismissed is very reassuring to me.
I am more convinced than before a settlement will be reached before full court hearing date. The only reason it will now go the distance is because Novacyt wants the full amount and the (positive) publicity that comes with it. From my perspective, it will be better both parties settle, in a "face-saving" manner and draw a line against it. Perhaps accompanied by a new deal with DHSC for other products in our portfolio.
Good luck all.
Think the dhsc are doing a similar number on Nova, as Post Office did on Sub Post Masters!
#tryingtoavoidpaying whilst covering #incompetence
#Sky News report on days proceedings…
dyor imo