Member Info for Brentw1

Rather a lot of round thousand 'sells' this morning which I believe will prove to be the short being further reduced. As we all know, the buy/sell indication on each trade can be manipulated by playing around with the bid and ask.

I think it is being kept down this morning for that purpose, bwtfdik GLA

......... there is little worth reading on here at the moment.

Rarely in the field of human endeavour has so much rubbish been written on a single share bulletin board in such a short space of time.

The speculation, rumour and downright tosh on here over the past few days has finally made me reach for the off button! Enjoy whatever sun you can in your part of the globe and see you all when some proper news arrives over the next few weeks! :-)

Seconded Novice42. I don't believe a single word of his posts.

I was enjoying the debate between you two (Shearclass and Oriens1) and then one side felt that a nasty, personal little jibe was required.

What is even more of a shame was that three people felt that they had to recommend it.

Oh I see Pale 'Miserable Muppet' Rider has predictably shown up with his usual, hate the share, wind your neck in, its all crap attitude. Lol

Leveincoolpal. One needs a van or trailer and the other needs a suitcase.

Just had my occasional look at the ADVFN board as I enjoy comparing the majority of the posters on there with the majority over here. I will now give my detailed and considered observations.

1. Apparently the average edition of the Sun Newspaper uses a base vocabulary of 600 words and the FT uses 50,000. ADVFN posters would appear to use about 300.
2. The low IQ troll percentage on ADVFN would appear to be six times higher than on LSE.
3. It would appear to be mandatory to insult, demean and denigrate other posters over there whereas it is the occasional spat over here.
4. Off-topic posts and blatant ramping of dogs is the norm on ADVFN.

Obviously I am making this all up and it has no scientific basis whatsoever. In fact, that was probably the basis on which an Innova LFT was conceived :-)

Good luck all that should have said at the end. I've just found out the hard way that there is a wordcount limit on here!

what you are invested in.

It is not surprising that some of the stalwart, long term and very knowledgeable investors here are having the odd wobble. I must admit that I occasionally have to go back and look at the 'fundamentals' from time to time and remind myself that I am not here for a quick buck.

In my opinion of course.

1. The share price drop is well overdone and there are many excellent posts on why. Comparing us to other companies with little or no revenue in terms of market cap is very re-assuring.
2. The short is an algorithm based computer programmed distraction that is likely to over influence the share price with the low volumes at the moment. It will be a distant memory in the next couple of months.
3. Daily looking at the value of your portfolio is a pointless and depressing exercise. I have no idea what my three accounts are worth today (two ISA's and a trading account with II) as I am not interested in daily or even weekly or monthly price movements. The old adage that you have lost nothing unless you sell is very true with a low risk share like Novacyt.
4. It is a low risk share. It has a vast array of diagnostic tests and services. It is not a pure Covid stock. Yes it has millions in the bank as a result of first mover advantage but it has invested heavily in R & D and the future.
5. The DHSC spat is overdone. This is AIM with sentiment and lack of knowledge driving price movements disproportionately. The frankly shocking and uninformed calls for heads over RNS's fails to take into account the legal aspect of these RNS's and the responsibilities of the NOMAD. There is a robust and profitable business here without another single penny from DHSC and even if we get into refunds or credit notes, the amount is likely to be small in terms of the overall profitability of a company with no debt and money in the bank.
6. The recruitment drive over the past few weeks is incredibly positive. Thus is not the action of a company in trouble or panicking. It is further evidence of a robust BOD with aspirations to use the Covid bonus (for want of anther description) to build a substantial mid-cap outfit.
7. With a few notable exceptions, large numbers of posts on here are garbage, speculation, downright lies or sometimes blatant attempts to influence naïve holders. Never mind a pinch of salt, entire buckets are required at times!

I accept that if you are trading or have not done your homework, then this may not be a comfortable share to be in. If on the other hand, you cut through the crap and look at the foundations, the expertise, the pipeline, the research, the money in the bank, the lack of debt and the opportunities post Covid, then you might just smile and but a few more if you can at these valuations. I've put my money where my mouth is over the past few days with substantial top-ups at 365p to take me to just over six figures invested into one the best medium/long-term opportunities that I think I have come across. G

Hopeful. It won't yet. The reduction for WQ was small. They still have to buy back 700K ish shares so will contunue to do what happened this morning IMO of course.

Interesting tree shake down to 350ish just now. Anyone who was naïve enough to have a stop loss set has probably just filled WQ's boots.

I've just recommended a Porks post but he will never know. I'm in the Green Wheelie bin with VanV! Lol

GEASHILL - Would you kindly stop demonstrating your complete lack of knowledge about accountancy and audit please. It's making me laugh so much it hurts :-)

Funnily enough, I've added the same amount as Porks. £4K. Did it this morning at 365p as like a few LTH's on here, not that concerned for the longer term.

My goodness we have had some low life crawl out from under their stones today haven't we! There has been an ocean of drivel and rubbish with the odd island of common sense and intelligence. Good luck to all.

Ignore it Kaeran. There are not many posters who are as straight-forward and consistent as you are (and not just on this platform).

And as predicted, BP turns up with all the other doom and gloom merchants and his stupid (on AIM) charts. Lol

Don't worry Kaeran, I'm sure there will be a plentiful supply of pork scratchings ;-)

That should have read 'Like you Van, I've been here a long time, since 70p'. I don't know what your entry point was of course.

And the 'btw' was missing from the last sentence!

Like you Van, I have been here since 70p, have top-sliced a couple of times, but that is far outweighed by the purchases at £3, £4, £6, £8 and an embarrassing one at £10 just before the fall recently. My average is about £5 at the moment so I am down a bit but very happy to wait. I don't need the money at the moment so am taking a fairly relaxed view that in the not too distant future this will play to the fundamentals, re-rate and will in the course of time become a mid-cap. I am probably too heavy in this at the moment (ahem!) but there you go.

Anyway, the fact that Pork's has green-binned us has ruined my day and I'm not sure how I'm going to get to the kick-off time this evening without waves of guilt washing over me. Perhaps I should cut some Birch twigs and give myself a good thrashing! On the other hand...................................... GLA

I have never shorted a share in my life

No problem Kaeran.