Member Info for CaptainSwag

"Exmex, its £14.8m going back to the P&L account, £5m being paid out"

If that is the case..then it should have been rns.

The 20% drop was caused by having to pay out £5m rather than cash increasing.

That could have easily changed the whole tone today

Atan..i was going to post the same earlier..

Bad day for ncyt holders after 2 years.

I was positive about their chances rather than cnsl who didn't even understand what they signed...not realising it had expired until being told by the gov a month after.

Ncyt also were in court with an expensive legal team that cnsl would never be able to afford..they would have to get the cab adviser!

2.5 m would make a real dent in cnsl cash pile....would mean no sun lounger and tanning spray for the track suit king

"Page 2 - This is what we want/need to order from you tomorrow to help get our relationship back on track - £?M"

I doubt it..it is emotional for us and prob ncyt. Civil servants just won't care. It is just business..

Someone has done their career no end of good by chasing ncyt and getting a good result..not so much in cash although they have saved paying for product ..but the pr in winning and seen to be chasing the covid cash cow...pity it wasn't against Turkish and Chinese rubbish bought.

If the gov need something ncyt have then they will get it off them...and ncyt will oblige for a big contract...though hopefully have learnt in terms of what they will sign

Listen if the gov came a calling for then stuff with a big fat contract...do you think LR will say no?

I suppose the plus side is that LR had nothing to do with the covid stuff..so no taint on him.

As someone pointed out ..maybe that is a factor? He didn't want to taint his future with the gov wherever he ends up?

Gladiator..very interesting post. I am 100% sure that the gov would have appealed at any opportunity whether it be the decision or full award.

It was a game of chicken..but the gov always had more money and no risk.

I still think something changed in the ptr...and the experts agreeing on too much is my guess. They prob got all geeky and our expert went to far in what should have been agreed ..as indicated by the report after ptr.

I suspect it was too late to get a new expert ...and also would have sent the wrong message by changing. I suspect the damage was done. Hence why twiggers did not produce the report on time...damage limitation.

If they were defo going to lose then they have done a good deal

I also suspect their team..lawyers and expert were just better than ours

Harchris...well that showed he has learned something.lets hope it is saving cash and not reading the room.

If he is worth his salt he will know that the sp needs something to restore confidence ...rns are needed quick and regular.

Giving salad man his first CEO job as he did the prettiest power point and could recite the dummy guide to marketing glossary was the sign the others were just as clueless.

I think the problem with aim is that it seems to be full of incapable management teams. They can't survive other than placings.

Ncyt had the cash of a mid size company but still ran by penny share management.

Giving salad man his first CEO job

I think LR has less than a year to get some sort of recovery. The way that he seems to burn money.

If the next financial year update is like the last one...you would have to say it is game over..and they are purely a lifestyle company .

We need to see something good in an rns quickly...

Director buys is an urgent one

Poidster. I hear you..and feel similar.

I still feel it was our expert that did the damage and the tone did seem to change after the PTR. I don't recall them saying strong grounds after it. Something which they said all the time before.

They must have known that they would not get something past this judge ..and so I am sure they did the right thing in salvaging the company.

Unfortunately time had already eroded the sp ...used cash ..and shown up the useless management

Who is this salad man that you speak of ?

"So what does that mean, is there a financial settlement in the background 🤔 if nova cough up the 5 mill?"

not from my reading. all over and ncyt pay £5m - most likely covers the gov legal case costs.

gov get the PR of chasing companies for covid money

ncyt get to keep the money they obtained

SH are the only ones that have been shafted

"Obviously neither side had a cast iron case to win outright"

good point and as said i had been seeing it more 50-50 after the PTR (until yesterdays adjournment )

and why i guess most commercial court cases settle before trial. fear of losing is greater than reward

the issue is that the gov had a stronger case than ours...

shame we will prob never know the whole story

Harchris - the problem with the valuation of the company in the last two year has been the risk of a wipeout . this is why we were valued at times below cash.

the only good thing about today is that the company has £30m or so of it own money - that risk is over.

whilst one cold argue on how much the old company was worth or the new one with ygen. I don't think the price would have dropped below cash immediately now that the dispute is resolved.

"Hasn't anyone read the reports that the whole PCR testing was a complete sham anyway."

actually the research i did on hugget (gov expert) seemed to confirm this. he was very negative on them

the bit i found interesting was that he was stating the Cq could vary from lab to lab - which was the loop that i was inferring needed to be looked at.

if the test of a pcr is a cq of 27 - do we know if the labs that the test failed in were calibrated in the same way? and consistently?

anyway doesn't matter now

"Sure the sp might be a tad higher right now if there was £65m in the kitty sans YG instead of £35m but boy would the outlook be dire."

we were valued yesterday at £48m with £36m cash - though to be fair the sp was prob higher as court case beginning.

this morning we are valued at £39m with £31 cash

in effect valuing company at £8m including ygen which we paid £20m+

if we had had £65m and no ygen then one could argue value of company at £70m ish?

yes the company is better off with ygen - and the old portfolio was clearly going nowhere either through management inability or no appetite for it.

i was happy with ygen purchase at the time because i thought even if we lose we still gained something from the cash

however in view of this result - from an sp point of view it was a mistake.

if LR has any tricks up his sleeve he needs to start delivering

"Just a thought, after yesterdays result,If we had not spent the cash on Ygen would the sp have fared different,thoughts anyone ?."

sp would be higher as market does not value ygen at what was paid for it

Agreed chris.

i was 100% sure an agreement had been made yesterday after the days adjournment...so was running possible numbers through my head on what the settlement could be...and the resulting sp.

was expecting to be out today with an amount worthwhile of the wait..prob not break even but something

never expected ncyt to pay back - on a settlement

feel kicked in the cojones.

P100 - they always say dont trade 8-9 am

was obvious it was going to get hit and also people knee jerk reaction to get out

thing is some of the sp will be recovered today...company is still in existence so they can play the game and try to boost sp if they want.

harchris made a good point on the £1.38 target

there is no rush to get out

hope you put it behind you...it is aim...

I will be looking to exit but not at this price.

let the dust settle. LR knows the aim game and will no doubt do something to boost in the short term - director buys / rns updates etc

Val ju - you have to remember that up to ptr the company did seem more positive....i think the expert xxxxed us tbh.

in any case the legal team have to project that they are confident - there would have been negotiations prior.

was always a game of chicken - i just got it wrong that i thought with ctda approval we were in a better position

I think LR needs to buy something else