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VanV Thanks for post , also good to see the number of posters who appreciate the time posting ,researching , and emailing
some of this selling as others have posted might be from Vatel , might be why share price dropped so much
if sells are coming from large sellers ,sooner they sold out might be for the better
with the news expected in June and July
I also appreciate your research and posting VAN.
Currently trying to find some funds to take advantage of this dip.
As Warren Buffett say's be greedy when others fearful!!
Thanks for the commentary and thoughts everyone. Today has been another day in a long string of bad days for this share. I dread to think where it will eventually bottom out over the next two weeks
Surfie1961 : I don't know about the share, but the COMPANY sure is going one way - up.
There has been no dip over the last two days...there has been a decline since April 15th and the 4.15 rns.
Take your rose tinted off, accept the late reported trades as sells and not buys.
Makes figuring out what is going on easier.
Vatel have been given 800,000 shares today (9th june officially) and they will have hit the market today.
Vatel have held Large numbers of shares in the past and could very well have been them off loading over the last couple of months, could also be other large holders....although non over 3%.
Lets not forget the enormous rise this company has just gone through, there will be plenty of profit takers. This in turn gives investors the jitters and they sell, investors see a falling sp instead of a rising sp and wait....
For me its easy to see the reasons for the fall...its market forces...not the companies fundamentals.
Wait it out, take advantage....
Sell if you are worried, its a market...supply and demand. ITS very simple really!!
Hatchet job in "The Times" this morning - Tempus saying "Avoid" - "yet to convince on potential beyond Covid-19".
Mind you he did say the same on 8th April at 215p, within 2 days it peaked at 517p.
Most corona stocks down today, but some more than others.
Maybe a "relief" dip, wait for the second wave - which is almost inevitable.
I don't think this is one for Aim anymore - I can not think of any other Aim stock over the last 10 years to actually bring in millions of £ like Novact has in such a short space of time !
As people say sit back and wait cause when that second wave comes people will just pile back in here and it will fly again !
Pretty baffled by todays drop..
Oh well, let's move on to tomorrow!!
you could have a good point there POSTI. i'd imagine people were expected the French would be buying a similar amount to the UK considering the closeness to the population. With that contract not being in place i guess the markets are looking for signed contracts from other countries to pick up the slack. That doesn't appear to be announced at the moment. Of course that doesn't mean that it won't happen. I'm confident that NCYT can sell all kits manufactured but thats my thinking as to why the SP has dipped over the past 2 days.
It's tanking because despite a good rns we have just created an 800k odd share overhang in a company that is already saturated by Pi's who are very twitchy. Takeover will create the company's true value not promises of "perhaps" oh and yes I am well long and now wrong...,..
no it cannot because the French are not reimbursing the test. that has been known for weeks
Red across the board
Cos the french arnt recognising the test
HTTPS://www.sharesmagazine.co.uk/news/shares/novacyt-new-contract-win-overshadowed-by-french-disappointment
Surfie, The company is debt free, with a mcap hovering around £200m, with over half its mcap already covered in orders, its hard to imagine a pharma stock with a P/E of 2...
A dire day... favourable sentiment has left the stock...
Ok, so I take it the crystal ball is broken today. You and Sharehunter3 are getting to me so I’m going to bite my tounge from here on in. You two spouting that this share is going one way when clearly it’s going the other makes for difficult reading and suckers in naive investors.
Tomorrow's SP is predicted to be a big swing like Tarzan on a rope. The company is debt free and rolling in millions of pounds. The market will soon pick that up. IMHO.
Smokie, of course I wouldn't beehive you because it's not true. Why would you buy back in and continue to deramp. Like i said, it's clear to everyone what your role is here.
If you can't handle a 8-15% drop on a trading day, you really should not be investing on the AIM market. People are talking like the stock is crashing. Sellers are selling 1000's of shares and buyers are buying 1000's of shares. What is not to like? Every RNS this year has been positive, the company has no debt!!! Watch it swing boys and girls, the signs are all there. My suggestion is get a proper trading platform and learn about markets and trading or read the company communications and use common sense. This company is not crashing because people are investing. Watch her swing watch her swing.
Personally I think it will. Currently the stock market is booming as the narrative switches to the economy opening up but the reality is that the agenda will switch back to the infection rate the moment the r number officially goes above 1 again. And it's likely to within a couple of weeks...
Do you think we will ever see £4.00 again or is this a duffer now. Brilliant rise at beginning of Covid. but doesnt seem to want to rise ever now. Its going to struggle to get back to dizzy heights. I suppose i can try and average down when it hits £2.50
Think you'll find it's just beginning, Dufry. Increased manufacturing, US market, debt paid, cash generative, Director buys, new products, consistent demand... I might even buy a party hat or two.
Maybe punters are selling & moving into ODX , while their sp dipped today. Nice news on the RTC .
Well is it fair amount or a modest amount? Find it hard to believe someone would invest a fair amount 24 hours after selling their holding as there"was better places to be for my money to be". Now you are stating you have a significant investment. Another fantasist. Your agenda is quite clear.
Sh3, I completely agree VanV has put in a lot of effort that most of the new crew haven't seen!
I've been lurking since the launch in Feb and have definitely benefited from VanV's hard work.
May I ask why you format your posts in such a 'unique' way?