Member Info for _Mr_Big

Good, because I've topped up in 320s. Why wouldn't you buy at these levels!

ATS - I think it's orders from above as opposed to a civil servant's ignorance issue.

Or her. Let's not be sexist here.

Most likely some clueless useless c.nt in the government thinking that contract law does not apply to him...

Yep.

If you're not happy with your AIM company valuation, just wait another week.

Q4 and Q1 sales

21- no full understanding about the issue, but we now have the info about the amounts involved and we know that it's a "warranty" issue.
My understanding - Ncyt had a minor f.ck up with the product and want to replace under warranty as per the contract. Gov want to do whatever it is they want to do that goes against the contract - presumably, money back on Q4 and A1 sales and return all goods because they've filled the warehouses with cheap tests [that don't really work].

I't a bit like those c.nts on ebay who buy your stuff, then find a cheaper alternative somewhere else, and try to make it look like you're at fault so you pay for return postage. Only on a slightly bigger scale.

vent - I think they eventually will do that when they get a tip off about news incoming.

PS. I think the cheeky f.ckers at DHSC want to do a runner. Contract says faulty goods to be replaced under warranty, while the gov don't want replacement goods because they have already spent the taxpayer's money on Chinese crap.

Karma will get them one day.

Blue - not quite. Ncyt appear to have f.cked up and want to correct the f.ck up by replacing the product at the cost up to a maximum of £19m, as provided for in the accounts. There might be a bigger impact on profitability, as far as I can understand, if DHSC continue pushing for a different resolution to the dispute, but that seems to be "improbable".

Since accounting provisions have to be prudent, there should be a very good legal case in favour of NCYT for them to make such a provision.

Don't forget:

In addition, after the year-end, a further £49.0m of product delivered and invoiced to the DHSC in 2021 remains unpaid and is now also part of the dispute. The unpaid invoices total £73.0m and include VAT.

It is possible, but not probable, that the DHSC's claim for a refund under the limited assurance warranty will be successful.

f.ck the market.
Cash is cash. Cash is King.
This can drop to £1 on open for all I care - the market will eventually correct itself.

Strap on folks, we're about to go to the moon!

If demand picks up in line with expectations, the Company expects to see full year sales of approximately £100m, excluding the sales to the DHSC which are in dispute.

£20m provision? Ahahahaha

Completely agree with your handle.

You mean you won't be staying up all night, hitting the "refresh" button every 30 seconds to be the first one to read the results?

Zero is the point of true beginnings, the start of the path you take to reach your final goal.

Medium term sp will be up - the mcap is just way too low.
In the short term there might be another massive hit if there's a chunky provision in the accounts tomorrow, so unlikely that there will be much buying today.