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"NHS England said many more tests and treatments have been delivered this summer compared to last, while hospitals cared for thousands more patients with Covid. A total of 5.6 million people were waiting to start treatment at the end of July, according to new figures from NHS England."
This is the highest number since records began in August 2007
It said there were 3.9 million diagnostic tests and 2.6 million patients started consultant-led treatment in June and July, compared with 2.7 million tests and 1.6 million treatments over the same time last year.
This came as the number of Covid patients in hospital grew from under 800 at the start of June to more than 5,000 at the end of July.
There are now more than 6,300 Covid patients in hospital, compared with fewer than 600 this time last year."
TEST TEST TEST!
"The NHS Confederation and NHS Providers says the NHS now needs between £3.5billion and £4.5billion each year for the next three years to recover from this backlog."
"And they say a further £4billion to £5billion is needed each year to cover additional costs arising from the pandemic.
This includes buying more PPE, meeting rising demand from sicker patients, and hiring temporary staff to cover those who are unable to work due to sickness or self-isolation.
The funding should be in addition to the costs of delivering the Government's manifesto commitments of building 40 new hospitals and reforming social care, as well as meeting ongoing costs such as NHS Test and Trace and Covid vaccines, they add.
The costings are laid out in a new report by the two organisations, which is based on a survey of bosses at England's 213 hospital, mental health, community and ambulance trusts."
https://www.dailymail.co.uk/news/article-9949237/NHS-waiting-lists-SEVEN-YEARS-clear-amid-fears-backlog-hit-13m-health-chiefs-say.html
What will be needed for all of these patients? ..... TEST, TEST and TEST!
This is pretty incredible. Our potential is staggering! Without meaning to start a buyout post any giant Pharma who didn't want to have a diagnostics division sure has to be rethinking their future strategy.
I've never been more comfortable with my LTH here. Feel like things will happen faster than expected. GLALTH
185 on a list. Who cares!
Good job filling the board up with who's what number on a list. Load of ******.
185 on a list. Who cares!
Good job filling the board up with who's what number on a list.
Dunno if this has been mentioned already
but sounds very interesting for us! Clearly we have everything the gov could need going into winter from a diagnostics side. If you want to clear such a huge backlog you will need testing. We have our Q machines embedded in NHS hospitols already and they continue to buy our products.
I especially like this bit:
“This additional investment will enable the NHS to deliver more checks, scans and procedures as well as helping to deal with the ongoing costs and pressures of the pandemic as the NHS heads in to winter.”
"The NHS is to get £5.5bn extra to cope with winter pressures, Sajid Javid has announced.
The new money is aimed at tackling the huge backlog of delayed operations and treatments caused by the Covid pandemic.
The stop-gap funding, which has been sought by NHS chiefs for months, is separate from the £10bn a year cash boost expected from April next year.
The figure includes an extra £1 billion to help tackle the COVID-19 backlog, £2.8 billion to cover related costs such as enhanced infection control measures to keep staff and patients safe from the virus and £478 million to continue the hospital discharge programme, freeing up beds."
ttps://m-huffingtonpost-co-uk.cdn.ampproject.org/c/s/m.huffingtonpost.co.uk/amp/entry/nhs-gets-ps54bn-extra-cash-to-cope-with-winter-pressures_uk_6136200ae4b0aac9c019eeb0/?utm_source=upday&u
If you stop replying you take away their air. They'll eventually crawl back under the rocks they came from.
Don't feed the rats.
The numbers compare with 32,181 infections and 50 fatalities announced on Tuesday and 35,847 cases and 149 deaths reported this time last week.
https://news.sky.com/story/covid-19-uk-records-35-693-new-cases-and-207-more-coronavirus-related-deaths-daily-figures-show-12396793
Afghanistan situation seems to have taken over the airways but nothing has changed on the Covid front. Stupidness in the SP again but remain supremely confident with Novacyt and their future reports. Bad side of dispute is well and truly in the share price and has been for months (50% drop from £7). For me the resolution goes two ways 1. Negative - we stay where we are (priced in). 2 Postitive - we get a heavy boost to the upside (a £40m brucey bonus).
If things continue positively for NCYT I can't see any downside mid/longterm. SP and Mcap is just a bunch of fluff right now.
@drchem
COOL STORY BRO!
We've got a real Sherlock Holmes over here. (That's a minute I'll never get back).
risehall - what was the name of the china prog and what channel?
The vaccinated are still getting sick but there's not enough data to explain it
https://www.bloomberg.com/news/articles/2021-08-21/science-can-t-keep-up-with-virus-creating-worry-for-vaccinated?utm_source=upday&utm_medium=referral
This is far from over. In fact due to lack of historical data, mutations, potential for covid being around for forever we could actually still be at the start line! A bleak thought I know but you get one new variation more resistant to vaccines than Delta and we could be at square one within a few weeks!
WE DO NOT KNOW WHAT COVID WILL DO.
Without continued testing and variant testing we are literally blind.
Damn! Is that what ShaunP did? : O WTF!?!
I must of been on one of my long LSE detoxes and missed it but did wonder why he isn't posting anymore.
My impression of him was that he was a good bloke that got his figures WILDLY WRONG! I've never ever seen a member put so much effort into DD and compliling the figures in my life! I thought at the time this guy really knows his stuff and trusted his knowledge way more than I should have. Ultimately we make our own descisions in this game so learn/research what you can and trust yourself.
When ShaunP got his figures way wrong and there was a backlash a part of me hated him and part of me felt sorry for him as I thought he genuinely believed what he was saying. I think i'm a pretty good judge of character but hearing that he came back after selling off and slating the company really is a shock. Just shows you don't know what people are upto.
I think I know the guys who are legit from Feb 2020 onwards but as ShaunP has shown you've gotta trust yourself first.
Obviously, things are bullish with NCYT again and rightfully so but nobody needs to trust me or anyone. All the info you need is out there to easily find yourself. Use your own common sense with what the company has done, is doing and what's going on in the world. "Find a good company and stick with it" - W. Buffett. That famous line is what has guided me in my huge investment here and even though the last year was hell (dealt a bad hand really) I always had conviction I invested in "a good company".
better stop as I feel like i'm rambling.
A long time coming but I think after that H1 RNS and Investor Day we are finally on a path where the world makes sense again.
Today was the real bonus for as I wasn't sure how hard breaking £4 was gonna be but we did it.
For LTH and those who bought all the way up (like me) i'm sure feel strongly that these numbers are still absolute bargains regardless of the 3 day gains.
Held all mine till we at least get back to fair value and a resolution in the dispute which could be any day. Clearly there was gonna be a sell off at some point but I'm not playing that game as it will surely bite me in the backside. The longer hold is what it's always been about. Also, can't wait to hear details and figures of what the following will bring:
"Novacyt has entered into a two-year Long-Term Agreement (LTA) with the World Health Organization (WHO) for the supply of its genesig® COVID-19 tests. In addition, the Company has received confirmation from UNICEF that its existing LTA with the organisation has been extended by 12 months to July 2022"
So much ahead of us. The fundementals are finally shining through as the market digests the new data. Wish I had more to plow in during the lows but the 30k shares I have from last year all but wiped my funds out. What a gut wreching ride this has been for us longtermer's. Was a tough time holding on for dear life but I kept telling myself "the story isn't over".
A saying that keeps coming to mind is:
"The night is always darkest before the dawn" ... I think dawn just broke this week. Ready to set sail once again :)
Strong and steady is the way to go. GLALTH's
Just want to reiterate thoughts that the DHSC issue has gone from "we're all doomed" to not the biggest concern anymore if we can do £100m without them.
The best thing is that when the dispute does get resolved (and i'm totally confident it will) we will at some poit get around a £40m cherry on our cake.
The relationship between NCYT and the Gov is clearly amicable and healthy as we continue to do business with them so this to me is now just a bunch of red tape to get through which will come in good time. The bigger picture is THE WORLD! With Unicef and WHO extending contracts we only expand our horizons and make a bigger name for oursleves internationally.
Onwards and upwards from here.
Excellent job Wilson63!
I was in the call and confirm your bullet points were on target.
Very good and very much needed event. Definitely got a lot of insight into why they did things a certain way which mainly seems to be about keeping the advantage from competiters. I think this is especially true with sales wins from various parts of the world where not shouting about it was in our best interest to gain market (makes a ton of sense now).
They have restored faith in what they are trying to acheive massively for me. I liked the way Graham answered the DHSC questions. Clearly in NDA so can't say everything but he made it crystal clear the relaionship is working just fine. Just a matter of time with that one.
Don't wanna go into everything but overall was a brilliant RNS and excellent and timely investor event.
Sticking firm to the LTH here. The share price off of the back of todays updates is as ridiculous as ever!
- £100m in cash in the bank
- £100m on target for this year (without DHSC)
- £243m Mcap
- 71m shares in issue
- PE Ratio of 1.7
GIVE ME A BREAK! Easiest BUY/HOLD out there.
Excellent post Porky! That really needed saying!
So sick of these scumbags bad mouthing and and straight up lying about good companies for their own selfish gains. Never EVER have I nor ever will I slate a company the way these rats have been doing for money as I know there will be people with real problems hurting out there. Life is hard enough as it is. Been on the edge myself many times this year, these are trying times and when your finances are in trouble it feels like your support system has been taken away.
Been a long long time since I've posted as is probably true for most LTH who have been going through the motions (again). All I can say is I still have my +30k share count that I had at the peak (actually more than I had at the peak). There is just no way I'm selling now coming from where I've come from. The current value is just ridiculous for the quality of the company. I was always in for a long hold so to any shorters or market rats reading you ain't getting 30k+ shares from me!
Yes, we are in a rut but I remind myself like every other bad situation I've been through "the story isn't over". We will be back and it could happen overnight. Stick to all the DD that has been done. NCYT is the cream of the crop and cream ALWAYS rises to the top. We are being played but once their game is up the rats will leave and fundamentals will prevail.
ALTB
Excellent bit of info there B2HS2L!
So it can be a max of 7 days from the point of a shareholder crossing a threshold (3%-95%) to when the wider market gets to hear about it.
"this report must reach the AMF no later than before the close of trade on the fourth trading day following the day of the threshold crossing, and must be sent to the company within this deadline.
The AMF shall make this report public via its decisions and financial information database within three trading days after receiving the complete report."
Just goes to show how much time there is for loose lips to start talkin'.
Forget RNS @ a £10m sale, I personally want to see an RNS for a sale of £1m+ (or significant relevance) . No point comparing our 'news to market' to Astrazeneca or ASOS or any other medium/big boy. The fact is Novacyt is in the treacherous AIM (the Mos Eisley in sci-fi speak). I've held on to the belief that all this "playing it cool" "no news is good news" "keep it schtum" HAS TO BE part of a master plan but (and it pains me to say this) i'm f'in sick of how the BOD are handling its shareholders. I've been balls-deep in Nova for a year now and while they did wonders for the SP they've done next to jacksiht to protect the SP/shareholders! What idiot of an AIM company feels a £10m sale shouldn't be RNS'd but instead just tweeted out like some spotty little teenager is in charge? IT'S WRONG AND NEEDS TO STOP NOW! They have the money so pay proper PR (understanding social media algorithms is complicated). When they do good they need to shout about it (unlike some co's that shout about things which aren't even tangible) They need to be smarter than they have been, inform the right way, play the AIM game a bit. It pain me to say all that but they deserve it.
Friday left me so sick I've been unable to comment instead tried my best to keep control mentally so I don't let it harm me psychically (last 3yrs have been hard).
Having said all that and to balance my feelings I strongly believe the drop to £6-7 was already stupid so where we are now is just dumb. Sure, the RNS sucked balls but anyone would think we are being sued by the Gov or something. I strongly believe the company (apart from comms) is absolute gold and will become a major diagnostics player in the near future. I noted the strong international sales and Promate being the only specific testkit mentioned in regard to DHSC (they've used plenty others). Our future LFT pipeline, our partner links, all our kit in place etc . I think we will be in a better place once we get outta this lull.
So here's where i'm at, money where my mouth is. Purchased today:
09:20 - 1900 @ 418.00 - £7,953
13:57 - 1023 @ 399.00 - £4,093
14:08 - 1062 @ 397.74 - £4, 235
I've about another £10-15k ready if things get any more stupid or we get a positive update but will sit and watch for now. My position remains to HOLD (for dear life) for the foreseeable.
Wish all my fellow LTH's all the best. GLA
Play silly games win silly prizes.
Those panicking or dashing out are the short-sighted folk who probably showed up in the past month. Most of us have been here closing in a year now. We know what this means going forward as we did 6 months ago. Promate looks to be the absolute cherry on top in winning further Gov contracts. Our machines are already in. So much to come.
I didn't sell @ £12 there's no way i'm selling at these levels! Today will be silly so I'm prob gonna walk away and let things settle down.
Will top-up if I can. Other than that "keep calm and carry on" 2021 is gonna be mega for NCYT.
GLALTH
Haha! Well said Porky!
I too have zero interest in reassuring these short-sighted, pump/dumping, trend chasers that it will all be ok in a week or two.
If they did the research they might realise what they've found. This company is wifey material not some sort you fool around with for a week and dump.
My advice would be:
- See where we are end of March.
- if that was good (likely super), hold till end of year.
- if that was good (likely MEGA), hold for retirement.
"Find a good company and stick with it" - W.Buffett
Good Luck All Long Term Holders!