If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them 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.
They may come across very well indeed but investors here should not lose sight of all that was said to YGEN investors and look what happened there. Be careful out there
I spoke to Sunak today and he has agreed that ''Novacyt are innocent '' will be printed on all WBA kits and would be on show at all match days and at Wembley play off final soon . Not only that , but also shown on all electronic billboard advertising displays with this WBA kit throughout UK .
My understanding with court settlements is that if the settlement figure is rejected and the case goes to court, if the damages awarded in court are less than the settlement offer then the recipient would have to cover the court costs. Hugh Grant recently posted this in relation to his case with the Sun and why he accepted their settlement offer.
Well what an excellent post B2HS2L, nailed it. The only thing I am not certain about is court v settlement. From my perspective it makes little diff to the SP in the interim. A settlement, would not be fast , best offer would not be forthcoming first . If they are negotiating, we may not be aware until very close to the court dates. The only other thing worth considering is that the courts take a dim view of going to full trial, if a reasonable offer has been made and declined ( that is what several lawyers have told me) Don't ask me what is considered reasonable, nor what happens to all the costs or how reputation plays into this.
Early in 2021 Stephen Kidd (NHS) and Jo Martin ( director of Pathology NHS) co authored a study which compared the different rapid direct to PCR tests that were on the market . These are the figures that were published for the care homes trial using exsig direct and the in-house NHS validation of exsig direct.
Care homes trial- 1172 samples
152 true positives
1017 true negatives
2 false positives
1 false negatives
OPA 99.7%
NHS validation of exsig direct -483 samples
132 true positives
341 true negatives
0 false positives
10 false negatives
OPA 99.7%
These figures are completely at odds with what the DHSC is saying.
It's also worth noting that the manual that accompanied these tests contained the following instructions.
The Exsig COVID -19 Direct (CE IVD) assay is intended for use by qualified and trained clinical laboratory personnel specifically instructed and trained in handling sars- cov-2 positive samples and the techniques of real time PCR and in vitro diagnostic procedures.
How did the DHSC meet these requirements when the tests were sent to hospitals? Did they plan to move staff from the larger labs to be trained how to use the Q16s and Q32s devices at a time when there was not enough staff to go round.
Court.
I think I'm one of a few that has stayed that for months, B2 has listed it far more eloquently than me although JW has been in our firing line for a while, he's going to want to show he's done his fiduciary duty.
COURT
JW has no option.
I believe he won't have it any other way.
1 He's already spent a boat load of cash on Twigger and Co mounting a full and feisty defence.
2 He has seen the DHSC summary judgement (their best shot at a quick win) dismissed. - What will follow in court is effectively a customer trying to bring the manufacturer's design / manufacture of an assay into disrepute, and the DHSC now know the company documents, practices, processes and evidence to be used by the defence.
There's no product complaint from other purchasers as far as we know.
3 JW will retrieve / enhance the Primerdesign / Novacyt reputation to the industry for developing fast effective responses to communicable disease, making them one of the first ports of call in a pandemic.
What's that worth to a company in Novacyt's position?
4 Each assay produced by a Novacyt group company has an IFU, - Instructions For Use.
Twigger will want to know that this document was followed implicitly by the seven test laboratories.
If it wasn't (and Novacyt might already have told so), then that will not have a good outcome for the DHSC.
5 Should there be another pandemic, the DHSC will be situated exactly as they were at the beginning of Covid.
Primerdesign et al will be asking premium prices with the market offering few alternatives at first.
Competing assay manufacturers will all be quoting premium prices.
So no deal required to poor oil on troubled water with the DHSC, - If they aren't the customer, there will be many others worldwide with interest in Novacyt Group assays.
Novacyt now have further GMP (Good Manufacturing Practice) manufacturing facilities available at Yourgene in Manchester should business become manic.
He'll want the full £81.5 mil + interest because it's probably already button holed in his plans for the future.
Novacyt will be viewed by predators as a cash cow with a superb reputation if Novacyt win the case.
I hope he spends quickly on M&A to avoid takeover interest.
In the above situation I hope the DHSC concedes saving themselves further embarrassment,
handing over £81.5mil + interest soonest.
Gov maybe... but civil servants needing to impress incoming Gov? Will... imo?
Lets wait and see?
Val it won't get any airtime so there won't be humiliation. We are 9 months away from the general election so all the tory press will cover for those 9 months is fake tax cuts, rwanda scheme and hammering benefits claimants as for some reason (why is beyond me) this will apparently gain them votes.
Especially when the test trail is done properly by Nova and Judge see's this
Humiliation due to Incompetence...
and then the award for costs compo and %.... and DAMAGES???
Settlement is a MUST for Dhsc imo
I think concede day before or even on morning of 10th? As you say they dont care, but humiliation factor (when they loose) will matter more, than money! imo
Court is obviously more likely so I’ll have to go with that but the odds I give are two to one.
Court. They don't care about wasting our money. They'll spend as much time and money as it takes, even if they know they haven't got a case.
Do you think a settlement or court?
1 vote for court
Meanwhile buys appear to outweigh sells 20 to 1 and the sp doesn’t even quiver.
The sp tends to creep up here when no one's paying attention and retrace once everyone's caught on.
A slow and steady move towards a quid in the run up to trial/settlement news I hope.
Ok so after all the initial excitement yesterday we still managed to end the day DOWN!!!! The Bourse is open today so let's see how today pans out.
Hi razzab. ...I have a key ..and come and go ...
Hopefully NCYT have other countries lined up (which I'm sure they have in Europe at least) and give the DHSC the middle finger, therefore go for the jugular in regards seeing this to the bitter, but ultimately richer, end!
All is fair in love and war
No not locked in , hope you're well Rooster !
Poor Gizmo and Karen. Are you still locked in here chickens?
Hi Kaeren .....what usually happens initially when products are outsourced .problems.what happens when people work day and night pressured ..mistakes.. blame of anyone ....Asked.... to help when the problem is moving and changing quicker than the answers.... Don't sit well
Yes Ventura , I noted that . If a manufacturing fault or design issue than you would have expected a consistent fail rate across all labs , not a range of 10 % to 25 % and no mention of the 7th labs results. Most odd. Without doubt Twigger will have picked up on that .
Lol, be great if they've dug their own grave and the 7th lab was one we trained .
Strange this supposed design manufacturing fault wasn't identified during the 50 training sessions , pretty certain the Nova staff would have noticed pdq if they were getting unexpected results.
Do behave Harchris 😉
This section of their defence interested me :-
"Exsig failed at an unacceptable rate due to design and/or manufacturing defects and therefore lacked robustness", Mr Heppinstall told the court.
He said that Exsig tests were analysed in seven NHS laboratories, six of which found a failure rate higher than 10% - including four reporting a failure rate of 25%.
No mention was made of the 7th and I hope we pick up on this in court.
Could it be the 7th Lab were better trained and therefore their results would have given a much higher success rate.
These surely would have been identical tests provided by us.