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"The baseline for TSR is based on the average closing price of the Company's shares in December 2023, which was £0.63. This will then be compared to the equivalent figure in December 2026."
GL - correct me if i am wrong but they are comparing the beginning to the end of the 3 year period
so increase of 30% from 0.64p - would give 10% per year over 3 years
increase of 90% - would give 30% per year
i think we would all expect the price to be over £1.28 if we win
or have i got it wrong?
Totally agree with kaeren on this one.
the LTIP should have been set after the court case or based on profit rather than sp
if we win then it is a guaranteed pay out for them - they won't have to do anything. most of them having done very little in the first place - and certainly nothing to support shareholders interest in the last two years
how is this an "incentive"?
sorry just another AIM lifestyle piggy in the trough move for me
"Another way of looking at it is anything you have posted negative in the last 6 months or so could have prevented new investors bagging here. 115% up in that sort of period. Just saying captain (no bullying)"
sniffer - firstly the fact that they are in profit (lets assume the EBITDA will be) for the first time in years was a surprise to all if they are honest.
whilst the sp is currently up. my bet is it will start to drift down again now that the froth has had an rns
furthermore there is still the question of the gov dispute
if news drops that they have to pay £2.5m of hard earned tax payer money back - what do you think that will do to the sp?
Lazy
the company cleverly announced gross profit yesterday of £xm
however it is the net income that is important as expenses such as salaries etc still need to be taken off
the EBITDA will give a much more useful figure - the actual real profit
the company have only said that EBITDA is expected to be positive....which is hardly the most solid of forecasts ....so it could be negative or zero or slightly positive.
we do know that cash has increased by £300k - so i think it is a reasonable estimate that this could be a reflection of the actual net income - don't you?
Ant...I have explained a number of times.
Won't be bullied off the board
Someone needs to counteract the lies on here
5-0 - how do you explain that there are only 7 trades showing on lse as I type?
the reality is that it was a good rns as they are in profit for the first time in years.
but lets be honest with the sales they - the share isnt going to rocket anywhere....
the sp will drift down again as we have had the froth and reality sets in
still a gazillion 4p placing shares to be dumped - so it is not going to get anywhere near 6p let alone 10p
much more exciting aim shares around with real chance of multibagging
Let's see iif sp holds?
I doubt some will be staying for a company making £300k
And more promise of jam tomorrow in India
All these target markets of billions and the company only sells £10 million or so of product?
Can you see anything wrong ?
Q...they are just trying to pump this share up on fantasy in the hope they can dump at profit.
There is no takeover ..notice how they can raise the rumour without providing a shred of evidence. The reality is the company denied it...there are no TR1 ..so nobody is buying
in a hostile bid
As for profit...the good news is there is some..but they are
pumping the gross profit before overheads ..ignoring g the fact that the company has only said it is expecting a net .
profit.onctrsse in cash suggests ,£300k.
That's it
Well usa is the biggest economy and their original target market - how that working out?
in 15 months how much progress in USA ? considering only £2.3 m sales added in total last year
"has now set out cracking profitable figures "
just released gross profit today - without expenses such as salaries etc
we await real profit but figures suggest £300k
whilst not much it is good news as first time they have made a profit since at least 2017
Down to 13%
Did say it would not hold...
Remember no more news expected .
"pretty good for a £9.1m m/cap company at 3.85p"
Really need to see how much profit first..before getting too excited.
And don't forget a gazillion 4p placing shares to be dumped by the bucket shop flippers
"Or maybe he wants to apologise about posting on 18 April 'cash burn leaving £3.8m as forecast'"
why would i want to apologise for posting what the company forecast? LMFAO
Someone must have been so lonely being unable to post for 3 days.................
"Gross profit is £6million. Where do you get £300k profit from CS?"
gross profit is profit minus cost of sales
net income will be after business overheads have been deducted eg director wages etc
the key was
Adjusted EBITDA1 expected to be positive (2023: loss of £2.0m).
this is the real measure of a company's profitability - as cash in bank has increased by £300k - I have taken that as a reasonable estimate
"This has to be a take over target now with such a strong company fundamentals"
making up stuff again. company denied this in last presentation
5-0 ..so anybody critical of the company is a spammer? interesting
Don't forget i was posting negatively all the way down from 70p....so could have saved people much more money than buying when it was at 1.7p
you have constantly lied about the broker notes. the target price was removed several notes ago . these broker notes are paid for by the company - and even they could not persuade their own broker to write it.
there has been 20% increase in SP today.
Great news for holders but I doubt it will go much higher or hold after a few days.
yes the company has turned a profit for the first time in years - but it is only a miniscule £300k it would seem
"You can clearly see why brokers were indicating the company needed to be valued in the £25m/£30m range, over 10p a share."
5-0. That was an old broker note and that targe t was removed several notes ago.
To be fair it is a good rns with news that the company has made a profit for the first time in years...although it would only seem to be £300k. So don't get too carried away
A surprise as the company had forecast a loss and then confirmed that it was on track
"Do we collectively feel that the DHSC are using this as a test case to determine whether to go to full trial "
I did post on this last Friday...
"I wonder if the gov will decide on pursuit of the rest of the case in light of that decision - if it should go ncyt way?"
If it were anybody other than gov..i would say very likely. Remember 70% of commefcial litigation cases get sorted before trial
Problem is that it is not coming out of their pocket and what agenda do they have? Is it just about getting money back or showing to be robustly pursuing covid monies spent?
They must know the gist of ncyt's argument because presumably there were many talks For reconciliation even before a court date was applied for?
In addition the particulars of their original claim were amended after ncyt defence and an order from the judge..so it would seem to me that they may have got some feedback that there was an issue
The aspect they want a judgement on ..relates to the full value of the claim. So if it (touch wood) fails do the gov have something more robust to fall back on?
I do think this review could be pivotal..as it will set the scene and prob give both sides a feeling for the judge
Val.. I don't think anyone is suggesting is not true...and many of us believe ( with the limited knowledge we have) that ncyt have a strong case.
It was just the change in wording that was not only a surprise but very welcome.
Normally ncyt don't seem to care about shareholder sentiment and don't bother with giving any encouraging wording in an rns.
Unfortunately with aim that hits hard.
No news and sp always drifts down.
The rns could have been worded more neutral and I would have bet the gains would have been partially wiped out.
As it is the inevitable drop back was halted and momentum back generated.
With aim ..you need to be bod and CEO to understand and play the game. This attracts sentiment and newbies..
Also enables trading etc.
LR knows the game...and although it won't make a difference long term...he will either bankrupt the company or hopefully make a success of ygen products....at least there will be an interesting ride and opportunity to trade or top slice.
A chance to make back some losses
If we get the cash..and can make some more acquisitions then who knows it might be a share for the future.
It certainly will make me evaluate on a good result rather than diving out asap
Agree ted
I thought the same. LR knows how to play the AIM game as I said before.
It is news and sentiment driven.
Difference between "ncyt are confident .." type phrases and " very weak".
Good sign.
We will also get more product updates for sure