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@Bluelight
" I will admit emotions got the better of me today which is rare for me..."..Eh?
Not so, sweet young Bluelight, remember you're a bragging Northerner,
who regularly likes to lose it...and get it wrong.
You posted this on 1st June @ 18.16
"You a professional paid deranper thanglan or just a ****?
Looking at your 6 posts in your history I guess a bit of both..."..quote.
Nice call Bluelight, but wrong?
You got it wrong then when the SP=352p... now
We can look forward to your next prediction...
......and any (rare) emotional slips that will happen; now it's...
....light the Bluetouch paper and watch the Bluelight.
@Porky9
Do you think Bluelight should take your predictions seriously or with a pinch of salt ?
Porky - well done for today's financial predictions.
Getting to main market (FTSE 350/250) is going to take a fair bit of time say a year (min) and only if we are able to comply with the joining conditions - I am sure that most here know this - we were close at £12 per share (i.e. >£800M MCAP) but not for long enough - but when we surpass that then we will march on - patience here is required for as long as you are able - then maybe we will head towards your forecasts. Fundamentals are good - very good but there is little reason for the sp dropping on this news. After DHSC what then - some other excuse listed by enthusiastic investors of the excessive ramping kind - that is what helps to drop the morale - certainly makes it difficult to cope with irrational sp. GLA - let's see what tomorrow brings.
100% agree with you Porky, and if the price just reflected fundamentals then it's a buy everyday. However it is mostly sentiment and short term trader driven. I will admit emotions got the better of me today which is rare for me and royally shouldn't have sold, that said it dropped further so in hindsight the right wrong move. Will see how it behaves tomorrow.
@Bluelight
Also, re-read your own post, you are 100% on point. So armed with that thought process regarding the fundamentals ask yourself "How much lower can this go?" it's £ 239m. Are we at bottom? Can it say half from here?? Can it go even further under its own fire sale asset value? maybe?. What is the risk/reward ratio? value slide lower v possible correction and correct value?
Then add in: a new product line with substantial revenues to come online any moment, A positive H1 statement, an acquisition and a main market listing and are the odds now moving more in your favour of an increase.
Final Thought for you: ASOS came to market at 5p its shares were doing sh@t, I held 300,000 shares. (£15k) it did next to nothing for 18 mths then it bounced to about 12p and then fell back to 4p, then they had a warehouse fire, as if things couldn't get worse. Business interrupted, shareholders moaning, selling out, a car crash. It started recovering the following year and the rest is history. I sold a chunk of stock on a further rise at 15p (3 bag) if i had my time again i wouldn't have sold one share.
Now i know its not apples with apples but, i genuinely believe that NCYT is to Diagnostics what ASOS is to retail.
Its going to happen, just going to take a bit longer....
Take Care
Blue - I hope after thinking about it tonight you will come back in soon.
You have contributed so much over the months and let’s face it this manipulation won’t be part of GM’s strategy and of course he is watching more closely than we think and it would be tragic if things start to turn and you miss out after all you have bought to this BB.
@Bluelight
They will move it to the main index. They have just moved to reporting in sterling only. There is a reason for that.
Give it some thoughts, it will happen, join me on twitter.
Take Care
Pork's
What gets me is we have £92m in the bank, 60m ex vat in unpaid dhsc invoices, 40m jan-may income so call it 20m extra cash. That's 172m in cash mins 20m dhsc provision, so 152m cash. We have amn mcap of 240m. Is the market really believing ncyt is basically worth 88m, or 9months current sales? F'ing joke
Sure, despise away, it's pretty bad. But selling at the bottom can seriously damage your wealth.
Cheers Porky. I will mull it over tonight. Whilst I love ncyt and am happy with their fundamentals and growth, I despise the share price manipulation. Its taken to an extreme here, over 20% down intra day madness. Infuriates me we are back to sub 4 euros. Seems every attempt at a rally is another opportunity to crucify us. Mostly out tonight for the first time In over a year, I'm not even worried it might be up tomorrow as the mms won't allow it to rise ever.
@Bluelight
You have come this far, buy back in, stick with it, now is not the time to bail, a heck of a lot on the horizon here, just needs more time.
Connect with me on twitter the future is bright :-
https://twitter.com/Porky9Here
Of course, but we've all done the dance before, it's never the bottom. I'm in 2 minds on whether to completely abandon AIM to be honest and just focus on ftse. If its not valued properly why invest. The bourse destroys NCYT, for it to go up properly we need to bin those off asap
Bluelight, sorry to hear that. You do know you could buy them all back cheaper now, don't you? ;))) :)
At £1 I saw opportunity in AVCT and made some money, at anything over £1.5 I see a loss making position in the future. It's not wrth its mcap, it hasn't earnt a penny.
I've kept some in the ISA Wilson, but reduced overall. Just tired of the constant battering by traders and techical guys. When it steadies might add, but for now the unwarranted abuse they are giving the share price makes it hard to make investment decisions. You get clarity and great trading plans and yet it drops 25% intra day, unbelieveable.
Clearly you don’t see the potential in Avacta that I and many others do.
£2.30 will be easy, probably within 2 weeks but I am in for the long term anyway and can be very patient. But that is for that BB.
Bluelight I'm sorry you've felt the need to sell at current sp and wish you well who knows you may rejoin shortly.
At least investors are pretty much agreed it was a well written well presented factual Rns well done Novacyt more of the same going forward please.
Not a chance AVCT will be above 230. If NCYT is valued here AVCT should be c100m mcap. Writing is on the wall for them now I'm afraid.
Morning sun, what I don’t understand is the reason for it to be played, normally it would be:
Enable funds to load up.
Someone loading for a hotile bid.
Cause weak holders to sell pre big rise.
No one is increasing a holding. There are no buys / sells big enough to warrant trading for a couple of percent each day. There is no huge rise for the MM to coerce people to buy into.
If baffles me.
Avacta not doing well at all, but better than it was this morning and still much better than after vaccine day. I am still in profit compared to being well underwater after vaccine day.
Avacta will be back well above 230 in a few weeks and no doubt this will be back well above £4 soon enough.
LFT news alone should give this a good boost.
Rhetorical question, I see you are getting you ass handed to you on it, so please spare me the holier than though attitude.
I may have sold but I still read Covid op. How's your Avacta doing buddy?
CovidOp - If Blue is in that frame of mind today - do you really feel it necessary to go digging up one of this posts to prove some sort of point? Not impressed with that type of behaviour.
If you had contributed to this BB 1/10th the contribution that Blue has, this would be a better BB for it.
That is a big change in a couple of days and ouch that sounds very expensive.
I don’t like to see anyone lose money, is all that is needed is more patience, perhaps lots more for many but don’t let the market beat you. This will come back at some point if they put the cash to good use.
But also don’t keep throwing more money at the problem. It just gives you less options and ultimately if things don’t work out it pushes you into a corner.
There are many other stocks out there!
Bluelight
Posted in: NCYT
Posts: 2,996
Price: 369.00
No Opinion
RE: New daily high18 Jun 2021 15:02
Been topping up all the way down, never held so much Nova. Fundamentals always win out in the end. What a difference a day makes. Start of the long and prosperous road to new highs
" The Board’s best estimate of the cost to replace is up to a maximum of £19.8m..." - what I find interesting is the potential disconnect between the provision and the worst case scenario alluded to in the RNS, this may explain why the sp is struggling.
"If the resolution of the claim is materially different from the Board’s determination of replacing the product, the
financial statements with regard to revenue and the provision for product warranty could be significantly impacted."
Q. If there is a possibility that the cost to nyct could be "MATERIALLY DIFFERENT" i.e., greater than the 2020 provision, why haven't they put a number on it?