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11% of the company traded already over the two exchanges.
Porky, looks like a cheaper T/O soon I think. Loads of Buy buys last Friday and today.
May be the Institutions are involved?
So you have stopped buying for the last 2 minutes! You know you have your instructions to KEEP ON buying don't you...
GM's and ODDO's recent comments and attitude towards the furture prospects suggest they are contributing to helping lower the price.
Hence, Im suspicious of their motives. None downs their own investment or company, unless there is other benefit.
I'm of the same opinion and Adding
You have the shorter's on the one side trying to make a few quid and then you have ODDO helping create further uncertainty when the bottom line is the company has just delivered £45m of NON DHSC sales in the quarter, its market cap is sub £300m and has north of 130m in the bank.
We have just seen an acquisition of £590m on a much smaller business doing £35m in YEAR not the bloody Quarter and it has debt. You couldn't make this up....
If a TO is being done subject to DD of the accounts going on behind the scenes we will know soon enough and the shorters here will at least get a well deserved smack.
If there were a takeover approach coming it wouldn’t be on the gentlemanly type. Driving the price down etc is in the form of a hostile approach. That wouldn’t benefit shareholders in the same way.
If there is info known re a takeover the BoD must release it to market immediately inline with LSE rules and regulations.
If there is anything in the rumours, then I expect an RNS PDQ TBH, or there will be alot of hassle.
And there are ANOTHER FOUR BUYS of over +£25k since i posted 10 minutes ago...
A take over is something I would welcome, this business needs to be in competent hands and as far away from Graham Mullis as possible, the man has done more to destroy shareholders value than any competitor has done. No company can predict the future with 100% guarantee but a good CEO keeps the market informed and uses terms like looking forward, growth, forward sales, RNS each contract,gives numbers and good future aims of numbers, this man just collects his over 3 million yearly bonus and shrugs . It is NOT a private company he has a duty to shareholders and if he's not fit for his position he should step aside or hopefully someone else takes charge.
Im almost certain about a takeover now and IMO the company is greenlighting it.
I thought there was a minimum price a takeover could be.
A cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced or is that another of those urban myths? or does it not apply to AIM where people make up the rules as they go along.
If it is the highest price rule, then I would say there is zero chance for a good while.
At the end of the day NCYT are effectively a British company listed on the French exchange, and we all know what relations between the British and French and like at present. If Primerdesign was listed on AIM it's market cap would be far higher than at present, look at ORPH for example, it's now over £300m and doesn't have anything like the cash or revenue that NCYT has. If ORPH was listed on Euronext Paris would they be valued at this level? Not a chance IMO. But that is the problem here, the French listing drives the price and no revenue is made in France... Medium term as more shares move to UK shareholders, I suspect that they might consider canning the dual listing, it would certainly improve share price stability and reaction to newsflow.
In the short term I don't see how NCYT avoids dropping to €4.1 / £3.54 after that underperform note, so buying here is like swimming against the French tide IMO. The question is how will the NCYT board react to this? I'm assuming they are in a closed period at present so can't buy on the open market... they could initiate share buy backs though...
Anyone else seen the massive number of +£25k share BUYS coming in today...
Sonic, I agree this doesn't add up.
I have referred several times to those griproom articles. There are too many similarities.
Read them and ask yourself, is the BoD really this incompetent. Having your own broker kick you in the nuts within 1 trading day after a massive drop in SP. Really?
You can't make this up.
MS
There is a game being played here without doubt, took Oddo five business hours to issue that and over five months to issue their first note. Hope the French offload and the UK holders plow in an absolute disgrace and something to be actively pursued at the AGM
I have said it many times before the sooner the better... this share is going turning me grey.
" Something is not adding up here.
I still say something behind the scenes is screaming TO for me."
I can't agree more!!!!
Oddo need sacking , who in the right mind would pay a broker to devalue your share price in such a way .
Come on Novacyt ! We need putting back on course !
The worry is what price it would be now we’re at these levels.
Something is not adding up here. We know the business is doing great and worth alot more. I still say something behind the scenes is screaming TO for me.
All these dodgy forward statements from GM and the Oddo notes, its screaming it to me now.
Just added another 10k.