See the pump and dump is well and truly over. Sp on decline and when eebitda is released and people realise gross profit means nothing...it will be back down
Good post ravenox..I disagree with some aspects but it is a well thought out post with merit. I agree that expectations are very low at the moment..which is why something positive in an rns is needed. If they supplied it then we would reduce the near term sell off as punters are just panicking. It might also improve market sentiment so that 80 or so low value trades does not result in a drop of 7-10% of Sp. The market can smell fear and will make you pay.
I think once the case was lost..to settle for what I suspect is govt costs is a good result. I will admit to having blinkers on when it seemed clear a deal would be made
I hear what you are saying about there not being an overreaction to the £5m as there is no present investment case. I agree that it is hard to make an investment case presently...as I have stated I certainly will be out unless they put a case forward...I suspect I won't be the only one and there are prob some hefty holdings to possibly be lost
However the company has only lost £5m less what can be reclaimed in vat..LR has only just taken charge 6 weeks ago...in my opinion he could turn short term sentiment around.
Whether long term he will bankrupt the company is another matter.
If all the French shares were down 7-10% which is where ncyt has been then fair enough
Do you really think ncyt is really being specifically affected by politics ? Or the fact that bad new was delivered and that people want out if there is no positives coming from the company?
We are at the mercy of the market. Aim is driven by news.
Bad news = crash...news as expected= most often a hit ....No news = drift...
I think we need to vote off the board up for re election...and anything that allows them to issue new shares or perks to the bod.
We need to make it clear that their performance has been woeful and will not be tolerated going forward.
If any of us performed so badly we would be out of a job.
We need to bombard them with questions on what they are doing in terms of strategy going forward ..So they can't ignore the questions they don't want to answer. Let them know they are accountable to us the people who own the company.
LR needs to know that yes he has fallen on his feet with a golden egg but he can be removed
We need regular updates via rns on progress made.
Apart from court case / change of CEO and Ltip / taiwan ...we have had next to nothing on progress. They need to be accountable and if there are no updates ..why?
My suspicion is that people are just getting out.the result was hugely disappointing on Tuesday ..but not the end of the world. The market does what it normally does..it dropped by 15% on opening and then went down a further 5 % by close. All For a £5m payment when cash was £36m. This causes some panic and stops being breached etc.
As the dust settles inevitably some more will decide to sell which is why some good news was needed by the company...to keep these investors . Whether it be vat return..or director buys..if they have nothing good on the progress front . Show something to stay in for.
We are now valued at £2m above cash. Having paid well over £20m for ygen
This shows a complete lack of confidence in bod and they need to do something about it or face the consequences
I thought there was potential with tne ncyt portfolio..if they had been able to sell it. Clearly they couldn't - whether that was due to management / sales team or product who knows?
Ygen seems to be the future of the company. Again looks good on paper...but will it make the grade?
Nothing wrong with the ygen timing...just seems we paid too much for it..especially with all the addons ...ncyt is currently worth £8m if you take cash off.
We paid £20m + for it
Still could come good...
But We desperately need some tangible forward plan..leading to monetisation.