Slow and gentle please28 Oct 2020 14:57
As the actress said to the Bishop.............
It's all a bit fraught and worrying for some people at the moment so just take a step back and consider a few facts.
This is a company that is the least of my worries in my current portfolio, and more importantly, that is the obvious opinion of some of the well respected and researched LTH's. I made investment decisions based not only on my own research but I owe a debt of gratitude to people like ShaunP, Bramley and many others. The depth of their knowledge never ceases to amaze me.
Nova has shot up in the past week, perhaps a little too fast in my opinion, and this is just like the previous re-trace, a bit of a balancing out before a preferable (for me anyway) slow and gentle rise to some of the sorts of levels predicted by Numis and others.
The situation may also have been magnified by the current carnage on the main European Markets. All bio/covid shares are having a mare at the moment which indicates to me that it is not Nova that has the problem, its a general sentiment.
Covid is not going away and vaccines are not there yet, or possibly for a long time. Even if the perfect one arrived tomorrow, does that mean that testing instantly stops or plummets? Of course it doesn't. Don't forget that Nova's machines will soon be everywhere, and they don't just test for Covid ;-)
Anyway, take a deep breath, trust the fundamentals and in a few weeks, this will be a dim and distant memory. GLA