Orien….might as well just allow it to sink further, it’s inevitable. Bourse currently showing theoretical opening of 1.980 euros vs yesterday’s close of 2.172. A synchronised attack on Novacyt with the Private Eye, release of DAs poor RNS. A mess to say the least. Any decent company would have suspended the share by now. https://www.boursorama.com/cours/1rPALNOV/
I don’t believe covid is over by a long way. There will still be testing but the competition has killed off Novacyt.
It doesn’t matter how many cases there are, how many new variants, how out of control it grows, we are expecting covid product sales of £40m in 2022 vs £82m in 2021 vs £263m of covid products in 2020. Now that is an 85 percent drop in covid sales in 2020 to those forecast in 2022. Now, does anyone know why the share price has dropped 90 percent in 12 months? Seems pretty obvious doesn’t it.
Nelliedean - I think you hit the nail on the head when you said ‘what did he do’! He’s in too many companies for a start and is poor and cringeworthy in investor meetings.
He’s a non-exec and chairperson for Novacyt.
Now who thinks James Wakefield is doing his job:- In basic terms, the Chairman is the head of a board of directors and is in this position because they are elected by the shareholders. The over-arching responsibility of the Chairman is to protect shareholders' interests and ensure the company is run profitably and in a stable fashion.
Hardly old is it. Might as well drag this share into the ditch if it’s true or false, I’d rather it crashed to a £1 now or however low it can go. Least we will finally see a bottom. Traders need to be forced out for good.
Yet when this gets to 220 (but you really mean 245 to throw people off), you’ll start ramping and coming up with silly cup and handle type rubbish and saying this will be 300p in a week. Usual rubbish charts by sonic.