Member Info for Chrishar

A TR1 could land anytime today still, they are never released at 7am.

Moonman your post is fair and I agree with you. I would still argue it's highly likely (not definite) to make sizeable returns over the next 12-18 months if you top up/invest now at £1.28 however with current sentiment and shorting there's no reason to assume we've bottomed out just yet.

Personally if it looks like the shorters have the bit between their teeth and this drops another 10% I do think we'll be looking at one of the best risk/rewards in the entire ftse350.

Additionally it's easy to see why this has become a shorting target...
(i) The half year report is out so there's no surprises that could send the sp skyward
(ii) The sudden poaching of Dean Finch has caused added short-term instability.
(iii) The fall was so sharp in March that nervous investors may panic and jump ship envisaging a similar collapse.

The chance of bankruptcy is priced in at £1.25 and yet there's not a snowball's chance in hell of that occurring.

Unless Citadel Advisors have insider info that suggests NEX are about to run into some serious trouble that shareholders have not been made aware of, I'd prefer the sp to be falling due to shorting. The shorters won't be expecting NEX to fold so they are merely suppressing the sp whilst the broader markets are in decline.

This could fall further but the snapback will be sharp when it happens.

It seems to me the market is expecting demand for NEX's business to fall even after the pandemic is over. A shift in mentality you could say from public transport to cars, from overseas holidays to domestic.

I don't buy it and my views are very much in line with the brokers. I thought I was fully in at this point but anything below 125 and I'm selling elsewhere to top up here.

Are you single, married, straight, or gay?

IMO this will continue to fall all the while the threat of another short, sharp crash looms. That ridiculous 66p low acts as a floor (I'd be shocked if we dipped that low) and could see this testing £1 IF the market does indeed crash again. Long term it won't make any difference, it just means having to handle a large paper loss for a little longer than you'd have hoped for. Seeing as there is no way of knowing whether a crash will occur, it makes sense to HOLD and to top up if it drops any lower...

This time next year I expect those broker targets will be met.

It's interesting to see as it shows our rise on that Monday wasn't that extreme in comparison and, at least theoretically speaking, could have been a lot higher.

Has there been any large block trades going through today?

Let's not pretend it's as black and white as that sharedealer.

IMO avacta's potential is bigger than ours. but they have far more hurdles to overcome and the risk is far greater. Whereas with novacyt the cash generation over the past six months has de-risked this investment and the potential upside is still very large.

I'm not invested in avacta but in all honesty it would probably have been prudent to have put a fraction of this holding in there to rebalance the books a tad. Still bullish here though.

Let's not forget this pandemic isn't going away anytime soon. October is only six weeks away and likely the start of a punishing second wave... could be timely..

It's never a bad idea to diversify Mehta.ck

Personally though, diagnostics-wise I'm sticking with NCYT.

The 1.03% short is still there, they've not reduced yet. Could mean a little further to fall but makes no difference longer term.

As for questioning broker views... are you seriously saying they NEVER get it right? C'mon, you're just being purposely difficult now. I agree it would be reckless to rely on broker views but when every broker unanimously predicts the sp will rise between 100 and 150 percent then it's highly likely that they won't be too far off the mark.

It's not just Jefferies. So according to sharesmagazine.co.uk the broker views are as follows:

Peel Hunt - £2.85
Jefferies - £3.10
Liberum - £3
RBC Capital Markets - £2.70

So going by today's closing price every broker predicts a 100% rise or higher. Go through the ftse 350 and you'll struggle to find any others with that sort of unanimous agreement...

The french price is the accurate one - 6.4% up from previous close.

Allah you're the first person I've ever filtered. Sick to death of you doing that.

Personally I'm happy to be invested in a company trying to do good for all, not just greedy investors.

I hear you Dave, we'll soon find out...

There is absolutely no evidence of a leak. This has been rising steadily for a week and has been trying its utmost to break free. It looks like it's finally emancipated.

Good. We aren't jumping ship every time we see 2% gains - if you want the shares the price must go higher.