The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
We need to move past covid as an income stream. Otherwise the company will just be known as a covid company and no one will invest. Even USA stopping testing as just announced.
https://twitter.com/business/status/1535274847600795648?s=21&t=G_neZFgrJd0Dp1i9Sahi4w
The US is set to end COVID-19
testing requirements for international travellers starting Sunday. The Biden administration is expected to announce
Friday that the US Centers for Disease Control and
Prevention (CDC) will lift its requirement that
international air travellers test negative for
COVID-19 before entering the country starting
Sunday, per CNN and AP. The CDC will reevaluate
whether the testing mandate, which has been in
place since January 2021, needs to be reinstated in
90 days.
Larry, I said It might give them a kick to do something. You then sarcastically add “by targetting them on their bonus abd remuneration too no ?”
So you have voted against remuneration but also say they won’t do anything to lift the share price. What’s the point in voting in the first place if you accept that the SP won’t rise if we upset the board with their remuneration and bonus?
Covids not over but testing mostly is.
Larry, the last AGM in October 2021, all resolutions were supported as was remuneration.
On 29th September 2020 AGM, all resolutions including remuneration was supported (for obvious reasons as the company were flying high at that time).
What has happened to the share price since Both of those AGMs were held? - Answer….90% share price drop.
Which bit do you not understand? It doesn’t matter what resolutions you propose or reject or abstain. The board are not interested in share holder value. Why would you support remuneration - do you work at Novacyt or something?
Btw, AGMs won’t get covered in news, hardly a big story amongst the millions of companies out there. All the resolutions will be passed second time of asking. As I said, we may be vocal with our frustrations but we are a tiny fraction of other investors who don’t even look at twitter at alone bbs.
Larry, the Company is entitled, in accordance with the FCA's Listing Rules, to convene a general meeting (to be held within 90 and 120 days of date of notification of unsuccessful AGM.
The board will then contact opposing shareholders to understand the issues and possibly put resolutions in place. DA will still continue to be CEO. It might give them a kick to do something for shareholders going forward. I expect the shareholders on twitter, LSE and Bourse etc are actually a very small number and most investors will press accept all when chased to vote on the second time of asking. Like last time.
Larry…..please can you explain this and why you think that will happen? This isn’t correct and you said the other day that you didn’t know the rules.
“Not ratifying DAs appointement, or the companies financial statements etc, would have bad consequences on the SP”
James D …..see this link for previous AGM
https://novacyt.com/wp-content/uploads/2022/05/NVT-SOC-Eng-Text-of-resolutions-.pdf
I’m not sure why they are using euros though for 2021, I thought we had moved to GBP to reflect the main income from 2020?!
Ffs “This coming AGM” lol
This company AGM should say 9th resolution. Copy paste error.
You need to look at the previous AGM
October 2021 AGM
12th resolution for salary from 1 Jan 2021 (twelfth resolution) was 290,000 POUNDS
June 2022 AGM
12th resolution for salary from 1 Jan 2022 (ninth resolution) is 320,000 POUNDS
Increase of 11 percent (which they still don’t deserve and is way above market)
Stop kidding yourself Sharestack. Looking at your tweets you appear to be desperately holding on to BA4/5 or some other desease wiping out the planet. Keep dreaming or if you value your investment speak up rather than trying to pretend that everything will be ok…..it’s not healthy.
2nd one down
https://find-and-update.company-information.service.gov.uk/company/12031776/filing-history
To the one that just contacted me on Twitter ….I’ll message you back though another account. I read your message ‘oh just read your message’ but I can reply. Look for the black circle
Wow, tonight Novacyt group have personally blocked and had my account suspended on twitter for posting factual information which is in the public domain. Since they are on VPNs, how you gonna stop me Mandy? Stop one account and I can tell you that the truth will come out about yours and Novacyt fraudulent activity. I suggest Novacyt (as I now know you monitor this site) contact me.
OMG.....listen to these couple of idiots
https://odysee.com/@WhatIsTruth_WasIstWahrheit_2:f/MONKEYPOX-MANIA---DR.-SAM-BAILEY:9
And this sucker:-
https://www.whatdotheyknow.com/request/monkeypox_pcr_tests
to be fair, the IG voting system is excellent. You get the email, press vote, select choice and submit. Why cant all brokers be this easy!
I would imagine it’s the AGM factor, they are posting more on LinkedIn and twitter as they know they will struggle to get the votes to be quorum - They have always had this issue.
Even when the company was very popular in September 2020,they only got 26%! This is the only time that they need shareholders, we are being used for that one reason only.
June 2018 - 60 shareholders 14,737,562 shares of 37,664,341 (39%)
July 2019 - 41 shareholders 6,265,296 shares on 38,948,416 (16% not quorate, covid rules delayed)
September 2020 - 2326 shareholders 18,345,785 shares of 70,626,248 (26%)
October 2021 - 1785 shareholders 14,973,566 shares of 70,626,248 (21%, not quorate 1st time)
June 2022 - new AGM planned
Look at the Tweets, the same months in 2021 are massively down from those in 2020 and have only recently increased (due to the AGM I expect:-
Mid March 2021 - 33 tweets (new twitter account)
April 2021 - 59 tweets
May 2021 - 58 tweets
June 2021 - 41 tweets
July 2021 - 23 tweets
August 2021 - 24 tweets
September 2021 - 37 tweets
October 2021 - 48 tweets
November 2021 - 60 tweets
December 2021 - 16 tweets
January 2022 - 19 tweets
February 2022 - 9 tweets
March 2022 - 10 tweets
April 2022 - 26 tweets
May 2022 - 14 tweets
June 2022 - 9 tweets in 8 days