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Wilson, If is correct. Too competative, tests will be under a pound each very soon. Pound shops will be full of them. Most peoe dont care weather its a cheap test or state of the art as long as they can get on the plane. Like i said for green country travel its up to you now weather you taje a test or not. Borders are not enforcing it and its not law to take a test. Novacyts big chance was to use the 100mill to buy bolt on acusitions and expand into other profitable testing areas. That chance seems to have gone, along with the share price. This was hyped to hell and the smart money left in January.
Lft market will be horrendously competative with tiny profit margins due to price undercutting. I can walk down to boots and get lft tests for free all be it cheap chineese ones. I am not a deramper, just bitter. Deffinatly dont listen to the rampers on here, they are poison. As for Novacyt they have done absolutly zero to support investors or the share price over the last 8 months and the only winners are the ones that sold at high £11 2 days before the January update. I wonder why they sold??? As i said , Novact are done unless they come out and prove me otherwise. They were a penny stock before covid and they couldent even capitalise on that without fecking it up!!!
Novacyt is done. Thousands of investors, me included have been fleeced. They dont even have the big profits from the hight of the epidemic to reinvest in expension as the DHSC is not going to pay up, and they obviously have a strong case or mediation would have settled it by now. Its starting to look like testing is up to individual choice for travel where a lft is good enough. This will take years and years to return to anything like double figures. I personally think it will be bought out at around £3 per share in around 12 months when the share price is in the low 2's.
Novacyt / Mullis could have given financial ouline of the dispute at the time of anouncment instead of leaving the sp to fester and get manipulated. There has been little SP support and forward guidance and i for one think that without significant news in the pipeline we are done here. I have wasted 8 months and 60% of.my investment on this dog. Id love to bump into the tw*t in a dark alley thats for sure! He gives no f**ks for the millions PI's have lost, and cant afford to lose.
Joker, he has turned a 12 quid share into a 3.50 share in 6 months without even trying. The man is a genius.
Joker, he has turned a 12 quid share into a 3.50 share in 6 months without even trying. Tbe man is a genius.
AGM to hurry up. Shareholders to vote GM from tbe post of MD of Novacte. New MD instated who givess a flying duck for shareholder and buisness value. Everybody lives happily ever after. Amen.
Agreed valJu. There is absolutly zero sentimant for the share at the moment. Investors arnt touching it with a barge pole. If the fundimentals are that good why is it at a quater of January's share price and still dropping? Somthing is seriously not right here and the silence is worrying. Im balls deep here like many others and im starting to feel i may have lost more than i can afford. Hope im wrong but i scence there is more bad news or the dispute is much worse than we fear. . GlA i feel we may need it.
There is somthing seriously not right here. Forget DHSC, that wad priced in as soon as that news was released. For a business with aspirations of midcap we are performing lime some backstreet garage when it comes to shareholder support and communication. It's about time GM came out and told us what the F××k is going on, its's not good enough and we need some guidance why.
Basicly saying that the NHS have pallets of PCR test which were deemed unusable in their lab envitoment. There were replaced with promate. The DHSC deem this a free replacment, NCYT want to invoice for it.
Hamster, we a in the worst pamdemic for 100 years and he just so happens to be the CEO of a medocre diagnostics company. It didnt take much to stramline his tests to accomidate covid 19. Didnt take much after that bit. My Nan could have sold tham and she's been dead 20 years. This lot are so far out of their leugue its untrue. They employed a PR company to answer emails as the investor relations officer Mandy was getting too many. They havent answered any either, or done any PR. Laughable.
Mullis needs to stand up and account for the 60 percent share drop in 3 months. Zero coms on orders and contracts and now this sh@t show. There have been plenty of 1m plus orders which could have RNS'd and would have made the SP buoyant. But no, let it drift down then slam the fe kers with this beauty. They have had this RNS written for a while imo and waited for mass media news to try and soften the blow. Im still holding as i believe there are still irons in the fire but GM has got to do better than this surely.
Novacyt know exactly where the SP is at and seem quite happy to keep it as low as possible. Zero investor information and zero outlook in the Jan 2020 uodate is deliberate for some reason imo possibly due to DD being carried out due to a possible takeover. We already sort of know what is in the 2020 accounts so barring a big suprise there we could be looking at September for the H1 sales report for any kind of movement on the SP. There may be no NHS contracts apart from aggreement to supply on demand, the maket certainly doesent seem to indicate there is. Sick of all the ramping on here, it is doing zero apart from getting new investors trapped in this rut of
share. It could all go boom but who knows, i thought only horse racing was bent.
Something is deffinatly going on begind the scenes and it is with the full backing of Mr Mullis in my opinion. He is quite happy for the share to be manipulated, raised and dropped at will. Either he does not care for investors or he is in cahoots with the manipulation. I hope i am wrong but i can see the zero news stance continuing until mid May when we might get last years full accounts. I hope its all worth it as i might as well have stuck my money under the matress.
This now happens once per week, price rises 6 percent or so and then gets banged back down the next day. I'ts so obvious what is happening its laughable. The manipulation of the share price will not stop until we get some news. Could be a very long wait.
Is it not the Hover Board from Back to the future and not just a skate board?
Totally agree, very concerned now, the silence is deafening. If the share price is being manipulated by MM's then it is with tbe concent of Novacyt. It would have took very little info in an RNS, maybe a Januray sales update to sort this out. But we get nothing but drops. GM Apparently said in Porky's email that there were ways to leverage the share price if it becomes a concern. Well its now a big concern!
Is this thread for real. Is's like some bad Monty Python sketch. W.T.F is going on????
The silence is deafening and it's all turning a bit depressing being involved here. Im giving it until the end of March and then im out at these levels. 45 percent drop in share price in 1 month and not a single glimmer of SP support from the business is not good enough. Frankly we havent a clue what we are invested in here apart from the 90 mil in the bank and a few new product launches which we have no clue if anyone is even buying. Sick of it now.
Looks like they are just providing a lab managment service and not supplying the actual tests.