NYCT a safe haven for the economic turbulence ahead26 Jun 2020 11:26
The past month has been frustrating as the wider markets recovered and novacyt has fallen. However it's looking increasingly likely that markets are going to falter in the short to medium term. As the date for widescale vaccination programmes gets pushed further and further back and the chance of another lockdown once we hit flu season becomes ever more evident, investors are going to panic and there will be flight from blue chip companies again.
This is one of the few companies that will benefit. It has no debt now, minimal overheads, and revenue that's about to exceed the mcap after just four months of covid. If that isn't a buy signal I really don't know what is?