Before anyone panics.10 Aug 2021 10:48
The volumes this morning on both exchanges are tiny and therefore relatively small transactions are having a disproportionate effect (bloody big word to tackle with only one coffee so far today!). Ignore the share price for the next few days/weeks imo.
Nothing fundamental has changed. We are selling lots of products and services. It would be nice to now some of the detail but the continued job creation, the brilliant research and spotting of product all over the world continues. I'm I comfortable with my investment? yes. I'm I going to lose my money? No. Will I be selling up and moving on? No.
Of course I would like the share price to improve in the short-term, just like everyone else but I firmly believe that it will all shake out in the wash. Covid, flu, RSV and a number of other diseases will continue to need diagnostics and this in my opinion is a market that will grow substantiality over the next decade or so. Novacyt is not a one-trick Covid pony! It is a world-class diagnostic business.
The DHSC situation will be sorted, we just don't know the time-scale. I remain optimistic as confidentiality remains and that is a good sign as far as I am concerned. The worst case scenario (and more) is already priced in so I would expect a bounce-back no matter what the result.
So, time to chill, be patient and have faith in a world-leading range of products and services, a brilliant and highly experienced management team and the investment in research and development that will keep Novacyt out in front.
All of course, only my personal opinion and good luck to all.