Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"We've identified between 25 to 30 of brands of these tests {LFTs) which work really well... yeah all Chinese made (laughing)... there's one very good UK supplier , who's just completing MHRA approval for self test use; that will be very useful, but we're also on-shoring some of these so that the manufacturing is gonna occur in the UK, and when that happens we're really going to have security of supply."
https://www.bbc.co.uk/sounds/play/m0011bfk
1h 35mins in Sir John Bell discusses LFT's and PCR's
MonkeyFish said:-
He will be getting up to speed, looking at this year’s rev and profit, seeing if he can also be as bullish as JM about the £100m ex DHSC rev for 2021, understanding the DHSC issue in more detail, the sales pipeline, the new product innovations being developed, assessing the people, meeting customers and then starting to think about whether he agrees with the current strategy and post Covid activity and what needs to be changed. This first period for any CEO/leader is to listen, learn, understand (whilst making sure the short term targets are hit) and then act.
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How simple would it be for DA to introduce himself - Hi I'm Dave and I'm pleased to be taking the helm at NCYT, Then cut and paste the above.....basically I need to get settled in but nice to see you all and we look forward to taking NCYT to the next stage in it's journey.
That's all that's required right now, they've not even managed that.
Going back to the original question, is the DHSC dispute linked to the GLP review? I think there may be something to this.
Not a link to the original dispute, but along the way settlement of the dispute with NCYT as been put on "Hold" until the outcome of the JR.
You have to remember that the DHSC (the gov effectively) are not a business, they dont think like a business and by default they are not bound by the same restraints as a business. It could be quite logical to a civil servant that the outcome of the JR is material with respect to the NCYT dispute (even if it's not) and being the government they can simply state that mediation or negotiations are on hold until the JR is completed.
All speculation and conjecture of course, but I wouldn't put it past them to think in this manner.
Of course if we actually knew exactly what was being disputed, we'd have a better grasp of what#s happeing and even a likely outcome, but we don't.
You're going to make yourself ill the amount you're obsessing over this share. Yes you're down, yes we're all down, but what is fretting about it going to help?
Nothing we can do will change the outcome, you either wait it out or cut your losses now and retain your sanity.
We have a change at the top imminently, nothing is going to happen before that event (probably) and even when he gets in it's going to take at least a short amount of time to find his feet and figure out who else in the company needs replacing.
Year end accounts is pretty much all we have to look forward to unless there is a dramatic change in MO in the next few months.
Poidster hits the nail on the head.
I've said this before, NCYT bears all the hallmarks of a company that has a very sound base and business that's grown so fast that the BOD's are now out of their depth/comfort zone/area of skill and knowledge.
We're hoping the change at the top set them back in the direction they should be going, in a manner more in keeping with a company seeking to become mid cap.
We've been over this II investment scenario a number of times already.
They are never going to be interested with the DHSC dispute in play. They'll be taking one look, saying it looks interesting but let me know when you've sorted the problem out thanks.
II's want certainty. They are not in the business of taking a punt and hoping the right outcome materialises.
What I find interesting about today is how little this has affected the share price.
Seemingly we're dredging the bottom already and there seems little in the way of ambivalent or dull news that has a material effect.
Well that was just as expected. Despite what appear to be healthy numbers the DHSC dispute still controls this share.
That fact will remain until the dispute is settled.
The SP will remin depressed at the time, but the fundamentals are strong. How well the company performs in the next 6 months is the single biggest factor now. Lets hope we get some real PR and trading updates otherwise the next material move in SP will only occur on DHSC settlement or the next set of annual results being positive.
Hold, stick them in the bottom drawer, come back in 6 months time.
Porky reminds me a poster on the MTRO board. Same MO with his own twitter account he kept linking to.
Same story about top ups of a magnitued that meant he'd likely be owning his own Caribbean island.
Cut and pasting the same huge volume of information of small amounts of fact intermingled with opinion presented in a way that is was a sure thing.
Seen it all before, just take it with a pich of salt, don't base you investing decisions on this kind of info.
I'm here simply becuase the fundamentals look completely out of whack, all being helped a long by a BOD that really seem to struggle with meaningful communication.
NCYT simply looks like a company that has grown at such a rate that it's now being run by people that are completely out of their knowledge and comfort zone (when it comes to multi million/billion pound company operation). Effectively they need someone to steer it in the right direction and bring the right people in where required. Lets hope the new CEO is a step in this direction. The SP should follow accordingly.
No vote from me also.
We're not moving from this SP position with a yes or a no vote, this is more about trying to stop people getting inappropriate bonuses.
Come back in a years time and stop sweating the SP on a daily basis.
This has been RNS'd today 9 days before the AGM as there's clearly no hint of a settlement before the AGM. No doubt the BOD's were hoping to have this wrapped up. This at least heads off a lot of questions about the dispute.
Reality, I don't see this being sorted soon. I think we have to assume (like the market currently is) that the entire DHSC debacle is a write off in full and we're not going to see a settlement in NCYT favour. The company now needs to carry on and sell to people who are actually going to pay for products they've ordered and get a good diversified business with a sound customer base.
Then if by some miracle the DHSC happens to be settled in some sort of favour to the company it will be a bonus.
Are NCYT now a takeover target? Probably not whilst the DHSC thing drags on. Also the dual listing makes potential takeovers a nuisance as any potential suitor would have to comply with two sets of regulations in differnet languages.
It doesn't exactly look attractive from that respect.
Tuck the shares away and come back in the new year to the next set of annual accounts. Stop looking at the SP it will only make you feel sick.
So far I see little evidence that the BOD are going to change. Maybe that's the point of the new captain.
Lets see if anything changes when the new man takes the helm, but I can't see anything chagning before that, unless of course there's something being helf for the departure of the current incumbent so he goes out with a fanfare.
The DHSC dispute is supressing any II interest in this share. Look at it from their perspective - it's a case of "Let me know when that's sorted and we'll take a good look, uuntil then we're not interested".
Put them in the bottom drawer and stop looking at the SP every 15 minutes.
Nothing is going to change here until the next set of year end results are published and teh DHASC issue is resloved.
I can't see a sudden change in the MO of the company all of sudden releasing positive information that's designed to keep the market updated. The reality is they don't need to. They are making product and selling it. What the SP is and the needs of shareholders is wholly irrelevant to the BOD right now - it will correct next year, not before unless we get a surprise DHSC RNS.
https://www.standard.co.uk/news/uk/uk-covid-news-pcr-tests-holiday-vaccine-lateral-flow-b954873.html