Member Info for barnetpeter

Tiny mkt cap. Akers piled in. Lots new cash raised. Company always said they are interested in a reverse in the finance area. Plenty of medium companies in the industry looking for a company like this in the pandemic ....bit of a "posh" lot fully FCA compliant etc.

Unique shell of its type around....even though it is not a shell. Mkt cap of just 2.5 million exc the new shares bought by the directors and Akers. They will all know people....

Could not remain at 0.5 mkt cap for ever. Unquoted companies are realising the banks dont want to lend them any money if taping the mkt is not possible.

It wont affect TSL directly....but this level of regulation never helps. People borrow money and dont want to pay it back. Amigo for instance has been almost ruined by the amount of FCA intervention.

"Interest-free buy-now-pay-later credit agreements will be regulated by the City watchdog after the market swelled to £2.7bn last year.

The plans, drawn up by the Financial Conduct Authority (FCA), have been designed to protect consumers, after the use of buy-now-pay-later (BNPL) transactions tripled in 2020, as shoppers looked for ways to spread their money further during the pandemic.

The decision was made as part of an FCA review into the unsecured credit market, carried out by former interim chief executive Christopher Woolard.

Under the regulatory plans, providers will be subject to FCA rules so will need to undertake affordability checks before lending and ensure customers are treated fairly, particularly those who are vulnerable or struggling with repayments".

52 Week Low 18.40
52 Week Low Date 17-Mar-2020

neilrich3.....people get cross with the mkt but that is just emotion. The stock has fallen £3.20 per share since the results and I see further falls. One writer said:

"Management has hinted at a transformational M&A strategy and, while the company has done an excellent job over the past year, that is still a very different strategy to what has generated their success so far...Given the above uncertainties, I can understand why the market might apply a steep (and forever shifting) discount rate to Novacyt".

NCYT must show a strategy long term and it wont be in Covid testing. So the price falls.

I should add the 52 week low here is 18p. 105p is a huge premium.

I think 1.05 is reasonable. 1.25p should be accepted. My worry is that if the Board reject anything and everything then the bidder will walk away and the price will crash to 50p. Revolution Bars turned down £2...now 20p. Intu turned down 13 billion pounds and ended up bankrupt. Countrywide...the Board tried to do a silly deal and turn down a bidder. Fortunately the bidder pushed higher.

This is always the issue. Directors often say no because they are on a nice earner and dont want to give that up. Directors here should be negotiating and involving shareholders and walk away if they dont want to..

My view was that ncyt would break though £8 on the results and I see as low as £6. The results were decent, the company has done wonders...but where next. All adults in the U.K. will be vaccinated by summer at current rates. Other countries will take longer and there will be a demand for testing for ever. Just at a much lower rate. I would like to see ncyt using its paper to buy other companies within the pharma business so that they have a long term future.

Just all already in the price. Results were at the bottom end of broker estimates. People on here wont like that of course. Still a great result from a year ago.

Private equity has a ton of money. They rather missed out before and were too cautious last year. Now with Covid end in site they are looking to do deals galore.

Sold out at 71p recently.....bought them back at 85p today. I cannot think they would have offered just a few pence about mkt price. The Carlsberg deal brought in a lot and it is a lot of business in total here. So I reckon 125p is possible. Friday, lunchtime rns, big red day.....may get noticed over weekend

after hours today. Tiny mkt cap below 2 M, almost no free stock. Watch for more holding announcements soon.

It has always been a £20 fee. But I notice that has now gone. So that is good. The COO of primary bid has written tonight so I guess they have had a lot of complaints today about pathetic allocation. This is the worst in my experience to be fair. So will put this down as one of those things. I just hope PrimaryBid will understand the need for reasonable allocation or none of us will bother in the future with this. Which would be a real shame.

Arb is not worth 73p and the equiv mkt cap with bitcoin below 30K.

Cannot fault them for responding. The company could have increased the amount they raised but did not want to. Anyway I added at 44p and will see where we are in a month. Much higher I reckon.

Hi Peter

Firstly, I'd like to thank you for taking the time to write this and give us your feedback in regards to the allocations for this offer.

"We appreciate and understand your frustrations with this. The retail book is closed at the same time as the institutional book and the allocations were made at the discretion of the company. At PrimaryBid our belief is that individual investors should have a seat at the table alongside institutions. 'Scale-back' in oversubscribed deals is part of that agenda, and we're always striving to increase the allocation issuers make available to retail".

I agree. Not sure why some are selling. Pathetic allocation from primary bid so no-one can cash in for a quick profit. New cash for the company. Soon be back to 60p plus I think.

Yes I have complained to primary bid already. No one wants a few hundred quids worth of shares and then to be charged 20 quid on top. Either close the offer early ...which they have done in 15 minutes before ...or raise more money. No one should get less than £1000 or what you have applied for if less. The price will have to go up 20 per cent just to get your money back with the fees. I have bought more in the mkt at 44p myself just so that if it the price does go back up to 60 I can exit with enough for a decent dinner! Not great to have loads of shareholders with 200 or 300 quid in here.

I agree. If you paid the 20 fee on top you will have paid more than the price today.

Rather pointless to get so little. They should have raised 20 million £. No idea why folk are selling after such demand.

I think just a site problem. The countdown is now 4 mins to go. Normally offers are open to 9pm.

Big discount! Taken a few at that price.