Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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@HarChris
Agree - today is just a moment in time.
Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain - that's what we're trying to do.
It's imperfect - but that's what its all about - W.Buffet.
Personally I would never hold shares and slate the company, I would sell and buy back when I’m happy and confident in my investment. Each to their own I guess.
There are obvious trolls appearing that aren’t invested and are enjoying agitating those here that are. There are others that are just frustrated and feel better venting. As it happens I do think @byp is in the latter camp and is just peed off
BYP
Agreed
We are selling more but keeping the same guidance so must be generating less cash.
I say again, something is defo not right
@BYP
Regards Covid cases, it's just not U.K we need to consider :
https://www.worldometers.info/coronavirus/weekly-trends/
We're not safe till we're all safe
Testin, testing, testing - Worldwide and for many years to come IMO.
Every time someone says something you don’t like, it doesn’t mean they have an agenda. Its an easy word to use to dismiss anything negative and place those people under that bridge of trolls.
If Novacyt lose the DHSC case in its entirety and have to refund everything back to DHSC, would they need to use any existing cash reserves? What are the current cash reserves today after the previous update (eg anyone know the monthly cash burn?).
Guidance is still in place. No debt. Loads of cash. Just over two months to go for a year end revenue of 100 million. The DHSC problems are written down new products look good enough to carry the company through the first six months of next year. The p.e ratio is at absurdly low levels and allot of this is lack of visibility.
If the new ceo confirms his arrival and adds a three month update the share price could respond very quickly.
I am as fed up as most others but some seem to have an agenda. I do not read them.. they are blatantly obvious.
The new ceos first appearance could be all important.
Agree Shell. How many new CEOs enter a new company without saying a peep? And as others have said, what on earth is James Wakefield saying, “it says here…” when talking about DA experienced. The guy is an embarrassment every time he talks, makes me cringe. The last AGM he sounded like an idiot too when speaking about Mandy. I don’t believe anyone here is a long time holder by choice. Even someone buying today, it’s near the bottom yes, but they will take 10 percent and be off. There is nothing about this company that would make me want to invest long term. I think people can make money short term by trading but don’t kid yourself Chris that anyone would buy for the long term. Why? Unproven revenues going forward, DHSC dispute, strategy, M&A, unproven CEO as well as other new board members. Too much emphasis on remuneration and let’s face it, the board get paid too well even before covid. Well above industry as per the last released figures. Happy to hear the argument why a new investor should invest long term here…..over to you.
Harchris
No intro from DA
‘Hi, I’m here, pleased to be part of the team and looking forward to……..
A Chairman thar seemed clueless about the new CEO along with a **** show of an AGM.
If they can’t see how bad this is god help us all
Be interesting to see what the new CEO's Long term incentive plan is.
Will it be based on profit/revenue/share price?
I am hoping we will get a mission statement from him soon so we can get an idea of where he is taking the company, and where we might be in the short, medium and long term.
Yes it’s true that they need to adapt the business but there isn’t any hurry for that, we aren’t burning through cash, we won’t need to raise money (that’s right Dunc) if they take a bit longer to lay out their longer term strategic plans
How can you say that? How on earth has he put the true owners last? He’s only been here a week. I think it’s fair for him to assume that true long term holders will be willing to wait more than a week or two for him to start showing his hand.
No what is really happening is those underwater are itching for an exit price which they thought they might get with a big ‘new CEO hype spike’ and it hasn’t come. They are now frustrated and venting once again …
Trouble
Don’t think most could stomach the loss so better to stay invested and hope
It’s time we stop pretending that covid cases will grow in the UK, even with flu cases. If cases grow a little, it’s still a relatively small amount of time to build revenues.
Vaccines have been a success, boosters will be taken up, we will learn to live and manage with covid. The numbers of those who choose not to get vaccinated are decreasing each day and will become even smaller through herd immunity. Even the younger age groups will all be vaccinated soon. There will always be the small minority who choose not to get vaccinated who will likely regret that decision when they lay on the hospital bed.
The sp is down because forward looking revenues are unknown outside of the world of covid. We need to to adapt the business quickly to high revenue non-covid products. Until we can show this, we are here for the short term traders only and the sp will likely continue to fall. Fridays large buys were all sold on Monday and today.
What happens from 2022 onwards is what we need to know. Meanwhile, GM leaves on a bumper bonus and further runs our noses in it by saying he’s retired but looking for new opportunities. DA obviously has put the true owners of the business last and the next we hear will be about his new LTIP.
Just can’t help feeling something is very awry here.
More testing generally, bigger sales force, more products etc…
BUT as recently as last week still reiterating previously stated guidance.
I can’t get that to add up at all unless they are selling much more for much less
You've got to be a mug if you're still invested here and think this company has no potential.
A mixture of both reasons I suspect. Whilst a bumper contract with the UK would be lovely it is not actually what we need. We just need sales and we have the personnel and distribution channels to get them from any of the major markets outside China. Some non covid news would also provide rocket fuel for this SP.
Shell - bang on. Many, like I am, are so underwater they sense that it’s just worth a gamble now that we get to £3-4. That’s what it is now, a gamble. We have now idea what they’re doing with the cash pile. Hopefully it will get invested wisely and not just divvied out in huge bonuses, but us mugs will be the last to know.
@Troublesome, I don’t think that’s the case anymore. More a case of having to hang in there hoping it improves cause most people’s averages are way above current SP
People are invested here because they can see the potential of it happening.
DRB I don’t disagree with you that the gov have completely sacked off covid and brushed it down the list of priorities. I’m also a believer in the vaccine so I personally don’t see it as anywhere near a big issue as it was. I’d love NCYT to get a bumper testing contract but it isn’t happening.
PI100, the general trend over the last few weeks is rising. It is too soon based on a few days to call a change to that trend. Let's see what this week says.
Word on the street is that only a fraction of people come forward to get tested so whatever the figures it is likely to be higher. BoJo is waiting for herd immunity to kick in with the school and uni kids. May take a while.
The faster herd immunity happens the better in the govs eyes. They want it before winter gets here. Ah, maybe that is why all defences have been removed.
@risehall they’re not riding, they declining. Yesterday was circa 25% on the previous week.
The reason why no plan B is that the government cannot afford it and it will harm the economy. Marvellous how they suddenly produce research showing that although cases are rising, they will actually fall before winter.
https://www.dailymail.co.uk/news/article-10131417/Boris-Johnson-warned-Covid-Plan-B-cost-economy-18billion.html
Bit like that Arnie line, when he says, in that film 2012... Everyone remain calm and everything is fine and then the Earthquake happens... lol