The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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US.
We know they have a distributor in Bruker.
We know they want a US sales manager.
We know they have signed a manufacturing agreement with an as yet undisclosed manufacturer (OEM). This means they will manufacture Novas tests under their own label.
We know they have a Network of Labs kitted out with the 384 well format machine.
We know they have produced a Covid-19 test kit specifically for this machine.
We know in June they are to launch Exsig direct which reduces test time but more importantly eliminates the need for scarce extraction reagents.
So June will be the month that the US mystery will be answered...imo.
And also we have....
The mobile COVID-19 testing solution is a combination of Exsig™ Direct and the COVID-19 test optimised to run on the Company's proprietary q16 and q32 instrumentation. Both Exsig™ extraction reagents are on track to launch during June 2020
Glorious June!...
Parkez,
When you look at the 384 well machines, many are sold or compatible with Thermofisher...
https://www.biocompare.com/Nucleic-Acid-Electrophoresis/23394-Thermal-Cyclers-Thermocyclers-384-Well/
On the thermo site
https://www.thermofisher.com/order/catalog/product/4484077#/4484077
' On track to launch Exsig-Direct in June ' - vital for sustainabilty and to have a great advantage over possible competitors in the future.
They were ' on track ' to launch Exsig-Free in May.
No explanation as to why they failed to reach that target - any suggestions ??
Must be further validations. I’d like to think that if it was “May” before it would be the first part of June as the board always does seem to deliver on promises
Hi troublesome,
Read this remark
" On track to launch Exsig-Direct in June ' - vital for sustainabilty and to have a great advantage over possible competitors in the future."
I wonder about advantage over competitors?
i think this extraction kit will be available to labs and used on ALL pcr tests.
Just my opinion.
Exsig Free to Exsig Direct?
Some clue why the delay?
I know it has been being trialled in a few nhs hospitals and been worked on with astra. The delays I believe are to do with patents and trademarks from discussions with others. They believe an announcement will be made next week. They were correct about two rns last week
Don't think it was a promise as such but sounds like it may be later this month as they say mobile testing will be launched in July which sounds more definite.
Personally, would have liked more openness and transparency in this regard in the last RNS.
IMO, using Exsig-free and Exsig-direct terms just creates suspicion and a lack of confidence in investors and should not have been necessary.
gggg21,
Hope that turns out to be true.
I've had my finger hovering over the sell button for some time now.
ATB
But when have the board not delivered? Much prefer non rampy factual based rns with just the right amount of info rather than over promising jam tomorrow rampy rns. Trust worthy board imo very rare
I always just look at mcap and think of I didn’t hold now would I be buying at the 8 week low. We know over the last week or so there has been a short attack. Fundamentals remain strong and growing.
gggg21,
thanks that makes sense.
As i said Exsig Direct will imo be used in other tests besides ours, To trademark it makes sense, maybe Exsig Free was taken?
gggg21
was good to read post yesterday of the I G shorts closing
share price 50% down from a few months past
with France finishing 5 % blue yesterday
thinking next week might see this share price start to turn around
Parkez - If you go through all the RNS in chronological order you can see the journey. Originally new test (note never any name or TM) then it became New dPCR test and mobile testing and now as per the last RNS it is has become 3 elements and with "TM"
"During the second half of the year, additional COVID-19 related sales are expected from the Company's new products, Exsig™ Direct and Exsig™ Mag, and from the Company's mobile testing solution"
As I have said time and time again, Novacyt is now in bed with the UK Government and Astra (Astra couldn't be any more in bed with UK government) these new tests will be the chosen tests to get the economy moving again. Airports, sports etc.
None of the above revenues have even been thought about or factored in yet....this is why I hold, added more and will add more once I close some other plays off next week,
gggg21,
Thanks.
It seems plenty of very big news still to come.
Ps parkez I know you like analysing you’re trades and I tip my hat to you wanting to soak up all info, learn - you take a similar approach to me. Watching the french close and auction there was larger than normal volume, there was a number of very large trades not filled on the buy side and at premium prices to the close. I look forward to the action next week. I feel the last two months and two weeks has been the normal journey that growth stocks take with both bears and bulls winning. IMO there should be a retrace you as the news to come over the next 4 weeks is very exciting as it is the key elements we have been waiting for US, mobile testing and new test(s) (I did not realise until I was told Tuesday that the new exsig extraction could be sold and used on other tests) this is great news and great tech that needed tm/patent to give even more revenue. This is the kind of tech that makes us attractive to potential suitors.
gggg21,
Again thanks, its always a pleasure to read your posts.
You manage to get your thoughts views and facts across without appearing to ramp,deramp or be arrogant about it...and that it appears is difficult.
So a big than you for your efforts....and of course to your contacts as well also.
Cheers.
Hi Gggg and Parkez
Thank you both for your opinions this morning on the bb. I also had my finger over the sell button over the past couple of days having not sold when I was in a good profit position only just two weeks ago.
All that you have pointed out is actually the reason that I have held as IMHO this story is far from over.
Hopefully by this time next week with the Extra share sold and flushed out and some positive news from Nova we will be in a very different place to where we are today. With some parts of the world such as Brazil reporting 1400 deaths yesterday the threat of covid 19 is far from over. In the uk we reported 350 deaths yesterday and we remain the second highest death toll in the world.
This is far from over.
Again thank you for great posts this morning.
Regards
Bramley1967
Not 100% on what he is saying here:
https://www.instagram.com/p/CBEaar4hUlD/?igshid=1a7kiid9sirnn
Oh great find fella. So seems so promotional material coming or interview as he’s a media producer. Put in place urgently Wednesday and signed off for deadline close of play Friday it seems. Release next week after sign off by nomad? And in Spanish? Where is Spanish spoken?
Could this to be to co incide with the exsig tests and the source saying more updates to come next week correct.
gggg21 @ 10h44 : who is "they" ?
Are these kind of posts - with details of what is in the pipeline/yet to come being posted on the French BBs?
Where is Spanish spoken... Truly the greatest of all questions. Forget potential sales, I want the answer to this.
All jokes aside, I think the worst of the Latin America outbreak is still to come, I've been in close contact with some of my Chilean friends, and they seem to think that the governments are doing a very poor job of containing their initial outbreaks. However, the nature of the governments there may not want to waste money on testing kits, unless the WHO provides them... So at a guess, I would say Latin america testing will be dependent on WHO approved tests... So lets hope AVCTs placement isn't wasted money yeah? hahahha
Allah4uk. It follows the same motto of fight club....