Member Info for ak_gabba

I think the key is pillar 1 testing and the requirement to ensure covid doesn't spread in hospital's so that patients and staff can be protected while allowing hospital's to return to full service.
Novacyt being and continuing to be an integral part of pillar 1 is vital.

$9.99 per test works out at £7.18 per test.

Find from rick shares

https://twitter.com/rick_shares/status/1423563223287074816

https://www.theglobalfund.org/media/10233/covid19_diagnosticsreferenceprices_table_en.pdf

Investors meeting which is specific to June trading update, media reports against or reducing PCR testing for travel and still no news on dispute. That's 3 things the market won't like and where is the lft?

Poidser,

Thats bombshell news if true. supplying NHS labs with new supplies of promate would be excellent news. Can you share anymore on the led to believe?

120 days ago is 7th Apr

We were informed about the dispute on 9th Apr

next support at 262 if this website is to be believed.

http://www.stoxline.com/uk/stockuk.php?s=ncyt

Temuchin,

Randox haven't been dropped they are still very much active with the DHSC. £383 mill since Jul 2020 and £24.8 mill for June 2021.

I think the validation might be in relation to this consultation

https://www.gov.uk/government/consultations/private-coronavirus-covid-19-testing-validation/private-covid-19-testing-validation

https://twitter.com/NovacytGroup/status/1422844790388019205

BigYellowPig,

We have been speaking briefly on twitter. Here is some information regarding GM's bonus and pay. It can be verified in the source given.

Reported £8,204,196 as part of the long term incentive plan for GM. 1/3 paid in 2020 with 1/3 to be paid in 2021 and the final 1/3 to be paid in 2022.

He received £2,734,732 in 2020 although he did take a 23% voluntary decrease and some of the reduction will be used for the company charitable donation program. I'm unsure if the 23% reduction is for the overall LTIP or just the first payment i'm also unsure if the figure given is pre or post 23% reduction.

He bought 9493 shares @£3.10 per share £29,428.30 (18/5/20)
He bought 60875 shares @£8.17 per share £497,348,75 (12/11/20)
Further 52,138 shares notified on admission to AIM

Total of 122,506 shares listed as GM and family.

When adding up the remuneration for GM since 2017 it is reported in the accounts as being a total of £10,104,344. Currently he has received £4,634,880 with £2,734,732 deferred to 2021 and £2,734,732 deferred to 2022.

The deferred date is the anniversary of the phantom award. 1st Nov, Next dates for payments will be 1st Nov 21 and 1st Nov 22 subject to company's ability to pay and employee continued employment on the payment date.

(source https://novacyt.com/wp-content/uploads/2021/06/Novacyt-AR-2021-2806-spreads.pdf)

It looks like his retirement will exclude him from the 2nd and 3rd payments for his bonus but there are no details with regards to "exit package".

HarChris,
Hope it's not too bad for you and wishing you a speedy recovery

Jgcw,

Kitzie prior to your post indicated that NCYT products are in around 40 trusts.

Here from the management report (download from novacyt website)

"In the UK, we are continuing to expand our installed base at NHS hospitals with approximately 40 sites now running
q16 or q32 instruments with the new PROmate™ test"

Thats GM/Novacyt telling you and also other posters. There is a difference between secrecy and failing to look at the information that is available.

Thanks Lewis99 for sharing the information.

Whatnonewsyet, no worries!

I do suspect there will be an updated version of the document but I can't find it to be available in the public domain. If i do find it and it hasn't been shared i'll share it :)

Whatnonesyet, that twitter person is me. The tweet begins "if you haven't seen it" provides a link to the dated document along with screen shots with highlights.
Shame you didn't spot that before going off on one.

Wilson, screenshots are better on twitter ;)

Tkr, the information is from NHS South East. They indicate which tests and platforms can be used

HillSeeker,

GM has indicated that they have a guaranteed supply of many thousands of q16 and q32 machines.

Like you I hope the sales team are pursing all private avenues including the work force.

Worth a listen
https://twitter.com/gasman2020/status/1413411722837336065?s=19

https://twitter.com/gasman2020/status/1413411722837336065?s=19

Worth a listen. 18 minutes in

Similar! Also on holiday this week. Hope you enjoy your break