RE: Claim24 May 2022 18:33
Agree that the global market is a bear pit at present and we are following those general ups and downs. Virtually all stocks are showing the same pattern, no argument there.
However, for us LTHs, our fall from grace started in February 2021, way before the global trends had an affect, thanks to the issues with the DHSC and the general down turn in sentiment created AND presented by past and present directors. Someone needs to take the blame for that.
If issues with the contract and products/services supplied, then the Novacyt remuneration committee have done wrong IMO in paying out bonuses and LTIPs. Of course, if Novacyt have done no wrong, then what is to stop a class action against the DHSC by investors here? We wait to see the true outcome.
IMO, without the DHSC dispute (now claim) and the corresponding reputation damage (rightly or wrongfully), this company would not have fallen anywhere near the present value. I compare to the likes of Eurobio and Biosynex whose share prices have not fallen anywhere near our levels. So we await and see who is at fault but someone is. No blame, No claim.