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.
Morning all and sorry for being Naive but does this article mean that it’s in our favour?
Thanks
Wiser
Sorry, meant to say- This RNS (not article)
Yes very much in our favour , percentage 💯
Brilliant news.
Thanks Karen… appreciate your response 🙏
Typos… thanks Kaeren
Does anyone have access to Level 2? What price do we expect NCYT to openat?
Imo this means that there is merit to arguments on both sides which needs to be examined in detail, hence proceeding to trial
Novacyt wasn't asking for Summary Judgement. The DHSC were. and they have been refused .Surely a deal is likely -though shudder to think what the legal costs will be!
Answer will be in the price.
In terms of the outcome of the dispute it doesn't mean much although we now have further sight of DHSC's position which appears to be weak. DHSC will know NCYT won't be intimated and will go all the way. Its very strange that they made the app to begin with when there was next to nil chance of success. My best guess is it was a fishing expedition to see if they could glean any info from Nova or the judge or something to do with internal politics e.g. whoever is signing off the case said you need to have a test then case before settlement
It means DHSC officials want to ensure that the Tory Government suffers s humiliating defeat just before the general election.
I feel quite pleased with myself for adamantly and consistently calling the share price to reach 80p in the run up to the dispute, even with the SP at 43p one month ago and with all the negative folk on here calling for 30p.
I hope it isn't just Amers that made the most and loaded up whilst it sat at the bottom for months !
They will drop the case for sure now.
I think you have a point there, People love saying the Tory Government is corrupt/inept but those of us you know even a little at local government level know how much Civil servants have processes and can be the main decision makers
Gaz..imho it was either a bluff ( game of chicken as I said before) or as you say a test to see the waters.
I would have thought there could have been a chance of a settlement on the dismissal...but unfortunately I don't think the coverage in press yesterday was helpful for that.
A settlement now looks like too much of a backdown for the gov.
Taking small UK companies to court is a pr exercise in the gov trying to look robust with tax payers money ..even though everyone knows they spaffed gazillions on sub standard foreign xxxx.
I mean how accurate were the lft that they used when there were much better UK alternatives? Sensitivity and specificity weren't so important then
The takeaways yesterday
1) the judge seems fair and common sense - which is my experience of commercial court
2) the gov barristers called it right
There is still a huge risk...not for widows and orphans..but I feel we still have a strong case. I can't see how a product that obtained CDTA approval...and we know how difficult that was ...can be as bad as the gov tried to say yesterday. Doesn't make sense
Captain, Press coverage? One item upon Sky news online, hardly the 10 o'clock news, already lost into the ether!
How did the govt barristers call it right ?
Be under no illusion , the govt wanted the case stopped . The application was to basically say NCYT couldn't win , they put forward their strongest arguement and the judge dismissed it. In other words Novacyt have indeed sufficient evidence to win this and you will not shut it down. It was a chance they took and the govt lost.
Let us not forget that Ncyt had to undertake training of NHS staff , requested by the NHS.
I believe around fifty such sessions were held. Odd that if it wasn't rolled out anywhere.
Sorry that was a typo..i meant our barristers called it right
Neil..i saw coverage in a few places
Primerdesign ltd ...have been given the right to defend ......it does not change the dhsc case ...the spread is used to gain extra profit on low volume ...Tomorrow it will narrow if more trades on bourse .. spread is a gage to volume .......market money unimpressed....
Captain....post the news links. Google search revealed only the one previously mentioned Sky News online item, which is already yesterday's news and below the radar for anybody interested in this case.
I think there is a good chance this will never get to Court. Old saying…nothing gets agreed until the steps of the Court.
I’m with Neil on this and have been for a while - I really don’t see this dispute gaining any sort of significant media traction, it is yesterday’s news.
Everyone knows the government wasted billions during the pandemic, if they claw back £100m it’s a decimal point on the overall number. If they settle and pay out £50m it’s two decimal places.
To highlight a win here for the government would merely bring attention back to all the billions they wasted in 2020/21
For once I agree PB, its now a case of Nova and Dhsc agreeing...
with Nova having the much stronger hand...
hope dhsc dont bluff to much... imo
I thought if any news org was to pick up this story it might be the Telegraph, as our old friend Samuel Lovett is now deputy health editor.