Member Info for ChrisToffer

Dunc, i retract my previous question. They can repurchase shares and would only have to declare at start of next month.

The law of July 2, 1998 authorizes open market stock repurchases up to the limit of 10%
of capital and over a maximum time period of 18 months. The objectives and terms of the
open market stock repurchase are defined at the annual general shareholders' meeting. For each 24-month period, subject to authorization by shareholders, shares representing up to 10%
of existing capital can be cancelled. Within the 10% limit, firms can also use the acquired shares to grant shares or options to their employees, stabilize stock prices, exchange stocks as part of merger and acquisition transactions, reduce or eliminate dilution related to conversion
of convertible bonds, or hold the shares as treasury stock. Once a French company’s repurchase program is approved by the shareholders, a registration statement is issued to
obtain approval by the AMF. No subsequent announcement of the company’s intention to
repurchase shares is required before it proceeds with the buyback

So what's your angle, why do you think the company having less shares is a bad thing for the rest of us?

Surely if it's to give options to the board then that suggests their confidence in a rising future value?

P.s you say blackbird is ramping but the numbers don't lie in a direct comparison to a peer. The market is undervaluing NCYT in comparison and it doesn't take a lot to swing it the other way.

Ffs dunc give ut up man. How can the company buy shares without declaring?

HarChris, agree with you on the movements of AIM shares being driven by chasing PIs however the volume and therefore the rise was being driven by Euronext on Friday. 6m+ euro in about 3 hours. I dunno if thats a leak but I'm pretty sure its not PI money.

There was 2m in volume traded in france in only a few hours. To me, thats not normal and more than a technical reaction.

Hopefully we get news this week.

Morning all, B2, I noticed Siemens have a similar device to co-prep but looks a bit bigger and the whole workflow takes several hours.

https://www.siemens-healthineers.com/molecular-diagnostics/molecular-diagnostics-systems/versant-kpcr-molecular-system

It's only speculation of course, and as ive said previously, its more about what doesn't add up. However it is a very active sector for M&A activity. NCYT is a cash cow with no debt, regardless of dispute. It wouldn't be that surprising if an offer were made.

Theres a misconception (i made the same mistake) that any bid would have to be equal or over the 12 month high.

However, the french rules state that a bidder must pay the highest price *they* paid in the previous 12 months.

Even if they didnt have to RNS it, the suggestion is that they're buying back 7m shares and thats having a +15% effect on SP for every 1m. Meaning the SP will end up somewhere north of 500p with only 64m shares in issue? All at a cost of around 25m out of the cash position?

That doesn't sound like a bad use of my money tbh.

Huge spike in Alnov volume. Outta nowhere too.

Yea I agree it's likely GM has fallen on his sword over the dispute. Something still doesn't feel quite right though, because surely then the chairman of the board would know a little more about the new CEO.

Enjoy the wine Brent, I'm gonna have a stout!

Hi K, Technically It's GMs responsibility to appoint his successor but it's JWs to approve it on behalf of shareholders.

It looked to me like JW didnt know him from Adam and GM didn't have a lot to say about him either. Very Peculiar.

Thanks Gazman! GMs age suggested to me that his retirement was premature. 54 is young for a CEO retirement, regardless of the LTIP.

This does indeed reinforce that.

Thanks B2! Antonio Argenio is another interesting find. Recently worked for LGC who we know have been chosen for their Ultra high throughput testing equipment at the Leamington Spa lab.

Hi Brent, you are correct and I think that is an important distinction. Particularly because Raimomdo is the most recent (and only) member of the executive management team to buy some shares.

KT, yes Nick Plumber has been struck off on the companies house register. Last Friday actually, 3 days before GM. I think they said in the AGM that Dyer finished up end of September.

Hi B2, I just meant the new board members appointed this year; Ajan Reginald, Guillermo Raimondo, James Mccarthy et al.

I like to think this is a concerted effort at strengthening the leadership thats being carried out in accordance with a plan.

Thanks B2, saved me a job on my list there :)

As for DA being lonely, he'll have the other 4/5 2021 appointments to keep him company. I look forward to finding out what their game is!

I found this 'handover' extremely odd too. Not only does GM amd DA look like they haven't been in contact with each other, when James Wakefield was talking about DA, it was like reading his LinkedIn off a page. He even said something like, 'David says he's a....'

That doesn't sound like someone who was involved in the hiring process. If GM and JW were involved in the selection and of DA, wouldnt they want to talk about the merits of hiring him? Given that the rescheduled AGM fell on the day DA started, wouldnt they want to champion the new guy that they supposedly hired?

Jaysus what is wrong with people?

Sounds about right to me.