Member Info for Bloodshot

Had funds for another 2,400 if we hit 2.1 yesterday. Looks a bit stronger today so far.

Agree with the treasury idea.

Yes parkez true of course I over smplified. They would get a better price than you and I of course but they would have to pay more than 42m for sure. They could just buy in lumps of 2 or 3m whatever but hopefully everybody gets the gist of what I was saying. Buybacks would help the sp, otherwise the risk is of a buyout, which if on those sort of terms would be agreeable to majority of investors.

..for the company wouldnt be unreasonable in my mind and would translate to 5p ps. I dont think there would be many complaints from investors, so the company need to really think about how they can boost the sp. Being cash rich (and richer by the day), one way they could do it is with a share buyback.
With only71m shares in issue, they could easily buy 21m shares, for just £42m at £2 ps, (which is were we seem to be headed) leaving us with only 50m shares in issue and the share price should rise significantly.
Hopefully theyre aware of the situation and not just sitting on their hands.

Big thanks to ShaunP for sharing his calculations.
Unfortunately im no accountant and not very good with complicated calculations but anyway theres a large element of guesswork in trying to work out the end of year net cash, so heres my very simple guess, based on us being able to produce and sell 16 million tests to end of June (overly optimistic?) and presuming we can produce and sell 10 million tests pm until year end from July.
16,000,000 + 60,000,000 = 76,000,000
Assuming £3 net profit per test, then..
£3 × 76,000,000 = (£228,000,000)
Hence my rough guess of somewhere between £200 million and £250 million.
Being a glass half empty kind of guy and as weve paid of a few million of debt off and not knowing the real net profit per test figure, im going to plump for...
**£200,000,000 net cash**
as our Christmas present
If were not taken out before then.
Feel free to shoot this full of holes if you like but please leave a sensible reason and your own guess of how much net cash well be sitting on come Xmas time.

That is potentially quite fragrant for us.

For those who might think this is just going to go away in a few months. New spikes in cases continually appearing around the world and now lockdowns are ending this will unfortunately only get worse.
Test, test,test!

And for NCYT..
promote, promote,promote!
Sell, sell,sell!

https://news.sky.com/story/amp/coronavirus-beijing-shuts-food-market-and-goes-into-wartime-emergency-mode-after-spike-in-covid-19-cases-12005803

Coronavirus: Beijing shuts food market and goes into 'wartime emergency mode' after spike in COVID-19 cases

A cluster of infections fuels fears of a second wave of the pandemic, which has so far killed more than 420,000 people worldwide.

Neighbourhoods around the wholesale market in Beijing's Fengtai district have gone into lockdown

A district of Beijing is on a "wartime emergency" footing and tourism has been banned in the Chinese capital after a spike in coronavirus cases centred around a food market has sparked fears of a fresh outbreak.
The move comes amid mounting concern over a second wave of the COVID-19 pandemic.
Eleven neighbourhoods around the wholesale market in the city's southwestern Fengtai district have gone into lockdown, where an official said it was in "wartime emergency mode".

The cluster was detected after throat swabs from 45 people, out of 517 tested at the district's Xinfadi market, proved positive for coronavirus, although none of them showed symptoms of COVID-19, according to the authorities.
Officials have said more than 10,000 people at the market will be tested, and the premises disinfected.

A city spokesman said all six COVID-19 patients confirmed in Beijing on Friday had visited the market.
They are the first locally transmitted cases in the city in more than 50 days.

Most of us who do research or follow covid 19 news already know that rapid test kits are so unreliable as to be useless in diagnosing covid but many governments, it seems, are still not getting the message.

https://www.nepalitimes.com/here-now/stop-rapid-testing-now/

"STOP RAPID TESTING NOW!

Further use of rapid diagnostic tests for COVID-19 will end up killing more Nepalis

Why rapid tests are doing more harm than good, Ramu Sapkota
While the government continues to order more consignments of RDT, and keeps sending them to health centres all over Nepal, the trajectory has not been looking good for RDT for a while. With the COVID-19 peak predicted sometime in July, it is now time to abandon the ineffective RDT for COVID-19 diagnosis. 
This is not the first time that epidemiologists, public health professionals, and doctors have warned the government about the ineffectiveness of the RDT. There are many things we do not know about the COVID-19 virus, but what we do know is that it is highly contagious and does not behave the same in everyone. It is time for the government to understand that PCR test and RDT are not the same and cannot be used interchangeably.
A person who acquires the virus on day one will not start to transmit the virus immediately and both the RDT and PCR test will not show the presence of COVID-19 in that person’s system. Things start moving by day four-five when the virus starts spreading rapidly around the body. 
Far-western Province stops COVID-19 tests
It will start clustering around the nose, throat and lungs of the person who acquired the virus, and will be at a high risk of transmission. Yet, RDT will not detect the virus, whereas PCR tests will start to identify it. A week in, the person who acquired the virus may or may not show symptoms, but the risk of transmission is high, and PCR test will detect the virus, but RDT still will not. 
Between days 11-15 the PCR test will continue to show positive results on the infected person’s sample. It is only after day 11 that RDT will also start showing a few positive results. By day 21, RDT will show more positive results, and PCR will not. 
When a virus attacks a human body two types of antibodies are created to fight against it. RDT tests pick up both antibodies, but they do not peak before 9-11 days. That is the reason why RDT kits do not pick up early infections. RDT is only useful if we want to understand a source of some unknown infection, or a community’s immunity and absolutely should not be used in the diagnosis stage."

Iceman whats this relating to..your previous link was a sign up page for linkedin. Can you give us a summary of what info is there. Apologies if ive missed something obvious but dont always have time to read every post here.

I think even worst case scenario well be sitting on a cash pile of somewhere between 200 and 250 million by year end, with no debt. Just think about what an enviable position that will be. The company, its assets, its expertise, its customer base and hundreds of millions in cash.
How attractive it makes us to a buyer..or how much ability we have to expand without taking on debt.
If the market looks forward then thats what it should be looking at.

Shortage of chemical reagents you say..hmmm..im sure theres a company about to help resolve that problem

Im sure they realise theyve been very silly boys and girls.

June 3 (Reuters) - Novacyt SA:
* NOVACYT S.A.: EARLY SETTLEMENT OF TERM LOAN AND CONVERTIBLE BOND FACILITY REMOVES LONG TERM DEBT

* WILL SETTLE ALL OUTSTANDING DEBT OBLIGATIONS WITH HARBERT EUROPEAN GROWTH CAPITAL (“HEGC”) AND VATEL CAPITAL SAS (“VATEL”)

* UNDER ARRANGEMENTS, NOVACYT WILL CLEAR ITS DEBT OBLIGATIONS WITH HEGC AND VATEL BEFORE END OF JUNE 2020

* IN DOING SO, IT WILL SETTLE A TOTAL OF EUR 7.0M OF PRINCIPAL DEBT PROVIDED BY TWO LENDERS.

* AS OF 2 JUNE 2020, PRIOR TO PAYMENT TO HEGC, GROUP HAD A NET CASH BALANCE OF EUR 25M (CASH AS AT 31 DECEMBER 2019 OF EUR 1.8M).

Apologies for the caps.

For anyone thinking longer term than the next rns...

Soon to be clear of debts and become a cash monster. Not interested in dividends personally. I hope that cash will be put to good use with good aqquisitions that fit well and expansion into profitable areas.
We should have enough cash to grow organically, without taking on more debt.

Sorrg that last post should have been under the "today" heading.

B2HS2L...interesting. Dont know what was discussed friday night but looks like most of those funds/IIs took their NCYT profits early (although I dont know what price they paid) apart from the most significant two still holding, who bought quite recently. May 31 2020 showing but thats a sunday. The friday 29th closing price was 3.5 so theyre probably under water (like me) and hopefully are holding or considering adding for the medium to long term or at least until the sp rises significantly, (like me) which I personally think it will in the coming weeks and months, with more news of increased sales..a very healthy bank balance and success of the new products.
This is a company thats probably going to increase its market cap considerably in the future. Even after the cov19 is completely eradicated.. assuming it ever really can be. Novacyt will be cash rich and have a much increased amount of business and revenue going forward. Possibly a future FTSE 250 company in the making?
We can but hope!
This is far from over and sentiment will turn back in our favour. Just saw on the news
35,000 tests per day in New York alone..would be nice to have a slice of American pie of course (and theyre working on it) but with over 130 countries to sell into, I dont see any problem selling 10 mill tests per month, may need to add more capacity if anything but 10 mill times say £5 profit per test = £50 million times say 8 (months) = £400 million pre tax profit for the pcr tests alone.

*Market cap 170 million at 2.5 ps*.

Well done to New Zealand, who seem to have beaten it by tightly closing their borders, but unfortunately for them, at some time they will have to reopen them and on it goes.
Vaccine not guaranteed to be successful although I hope it is but theyll need it in the billions of doses through 2021 and maybe beyond. Meantime testing will be a reality for longer than some might think
Just my opinion and good luck all.

Kim.. There are better ways to put it but take a chill pill is usually good advice if your investing for medium/long term. Its easy to let your emotions get the better of you. If you do some research then just remind yourself of why you invested and if anything has really changed...and as far as the chat boards are concerned..everybody has their own agenda as im sure you know.
There are a few honest posters but they are few and far between.
If my own dear mother was on here, I wouldnt trust her posts.
I put a limit order in for another 20,000 yesterday at 5.5. Not great timing given the drop but happy enough for now with my 5p average.
Nothings nailed on in aim mining/exploration but this is one of the safer ones and should give a good return..all being well.
Simply news traders responsible for the drop IMO. You can see the pattern. Rise up to news and then sudden sell off when it arrives. It seems to be doing ok though..hopefully it will hold above 5 and steadily increase now before the next news arrives.

Contracts rolling in steadily and IIs slowly waking up to the potential and value on offer here.

We just need to get on the radar of more IIs and we will. It might take a while because they like to see results and its early days yet but im confident were going to do very well, with government looking to spend big on infrastructure to boost the economy and if management keep their discipline re decent margins and keeping costs under control. Looks very promising to me and those getting in early should see some significant gains here IMO.
GLA

Shows that the directors think this is a bargain basement price.

Excellent...everybody deserves the best test and we have it.