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Last time this happened ( Last week ) we had an RNS a few days later
Shirley we dont do Leek's do we now !
Just imagine fo 6 seconds we settle for the full amount £ 83 Million + intersest say £7 Millio = £90 Million
When a lot of other companies are going to the wall
Wjat a great place to be
are u watching WBAFC !!!!
Someone was certainly in a hurry to buy before market closed, paying all the way up to 56p - be great if it’s linked to an rns tomorrow!
Come on dazzerman where are you:)) I'll forgive you if it's one day late,:))
How do the French get a sniff early!!!!!!
"How do the French get a sniff early!!!!!!"
We live one hour earlier than you :)
Why would there be a sudden surge in buying at close i wonder ? Just imagine a cash rich Novacyt with £130M+ in the bank . This would transform the company with the right acquisitions. I remember Biosynex reached €26 / share at its peak , so what stopping Novacyt reaching those heights after a favourable DHSC result.
Doc, actually it reached just above 30€, from 2.5€ before covid.
And now it's a 4.60€, with a target still below that.
And its did good acquisitions...
Because we aren't in the midst of a pandemic.
Kaeren , Novacyt is not just a viral diagnostic testing company, but now is largely a reproductive genetic diagnostic testing company . So we don't need to be in a pandemic situation.
2020/2021 was very different not just because we were in the midst of a pandemic but because AIM was in a multi year bull run whereas now it's the opposite, liquidity is at all time lows.
Keep it realistic. Whilst nobody can say for sure the sort of SP of the covid highs is not going to be seen following the dispute resolution, even if Novacyt win it outright. A spike to the sort of £3.50 level would be absolute tops in my opinion but even that I think unlikely, much more likely would be a value a tad above the cash position with appreciation quickly following if successful execution of strategy starts to be seen.
Yes, ;) I am very aware ofvwhat Novacyt has become.
Totally agree HC, cash + a bit if we actually announce something of note, otherwise we're just a cash holding company with some admin expenses. The market will look at us for what we are, a company losing money but one with a load of cash (relative to other AIM companies) so likely price it at or just below cash. Anyone talking of £3.50 is in another world as that is almost £245m marcap for a £11m t/o loss making company with anywhere (post dispute) from £0 to £100m ish. Literally no reason for any significant premium.
I see you are still keen, to promote the co, you have invested in LOL
Honestly, your skin must be inches thick! imo
What is negative about my post? It's realistic. The company have given us zero info on strategy, contracts won etc, for a long time, but we do have a big cash balance which may rise. All we have currently is data that suggests that we consistently lose money (that's in the annual accounts) other than 2020. Having spent £60m of the windfall, not a single one of us knows how or if that will translate into worthwhile profits. We were lied to about £100m of organic revenue but soon enough the person who said that will be out of the door so hopefully the new regime will actually have something to say.
Let it sink in, we've spent £60m of the covid windfall. That is around 50% MORE than we have in the bank which we all consider to be a lot. That is a massive spend. And to date, we have little to show for it. That doesn't mean we never will, but at the moment we as shareholders do not.
P100 why do you not mention any sales from the Yourgene health side of the business in your turnover figures?
For the 5k you say you invested, Im surprised you are still here? As your commenting is frankly excessive, imo? Now wbafc who has over 500k so say invested, I would expect hourly (not daily) opinion? But each to their own...
From since I had a chat with a city firm, Ive always said it seems like a mid length investment and bucket loads of patience still required
Happy to watch n wait and add as I see fit... plus trying to catch up with wbafc lol
Take a day off from the moaning and try a happier post... go on, you know you want too :)
imo dyor
60% of the cash has been spent but a third of that was on YG to start with. You then have considerable costs associated with the dispute, you have 'rightsizing' post covid with significant covid stock write-offs and then there's all the R&D in which there's always a lag to see results + the costs associated with integrating YG into the wider group.
Looking at it from a more positive angle ncyt STILL have £44m after all of the above + £8m vat reclaim if dispute is settled at nil + £70m of unused tax losses for when they reach profitable i.e no tax to pay for the foreseeable.