If ever there was a time to turn off the screen!11 Nov 2020 11:07
This is it, and pretty much what I have done, apart from to buy a few more at the silly prices we have seen over the past couple of days. It was quite telling in my opinion and you couldn't (as a PI) buy at the very bottom, that privilege presumably being reserved for the big boys.
So what are we seeing (and only in my opinion of course!).
My belief is a total over-reaction by many small, and uninformed smaller investors who have knee-jerked. Probably the right thing if you are trading, but not a sensible move, if like me, you bought shares in this company for long-term fundamentals. What a surprize that a vaccine has been announced (doh!). Does this mean no more testing overnight..............or will it be likely to lead to even more over the next couple of years?
Comments this morning about Novacyt having debt (doh!). It paid off all debt ages ago and bought another company for cash.
Novacyt is only a covid company (doh!). It has a battery of tests including WInterplex (which is going to be a star in my opinion) and is going to be well placed with all the Q16/32's out there. It's called the razor blade model and Gillette and Nespresso have done pretty well with it! Novacyt has money in the bank and can use this to pursue a long-term diversification strategy, and as some investors have suggested, could be a really nice acquisition for a Pharma or similar.
I appreciate that for some people, the lack of access to the LSE board probably induced a degree of nervousness (although a large amount of what is said on here is questionable imo) and I personally didn't think much of the negativity that I saw on the 'other place'. But I would re-iterate that I was personally not that concerned because I believe I can see beyond all the froth and uniformed bs. Anyway, all the moaning about how much people had lost is academic. You have lost nothing until you sell, and why would you at the moment unless you are trading?
Anyway, thats my ten penorth and GLA