RE: Cooper D. Question Time31 Jul 2020 21:23
Colsoul
I'm most defo not the daddy of the board. Many more smarter minds than mine post here.
Regardless, I will answer your question best I can:
1) Why do you think Rees has still not updated us on the NCYT ?.
(A) It's insignificant and from what I can gather and ad-hoc. When they require, we do. Hence, our own kit.
2) Do you think a takeover is imminent? (this year)
(A) One of two things going on right now imo: Either we are about to be bought out or we will acquire another company.
3) You mentioned it’s not Walbrook’s job to promote the company to PI, who’s job is it?.
(A) It is Walbrooks job to promote the company in terms of Insti's but that's not the reason why the share price isn't where you want it. I would also add though that it's actually down to PI's too. We need to speak up a bit and stop sweating the small stuff. I've said it a few times already but this is AIM and not everything is perfect like the ftse 100 stocks in terms details and timing. If I could share one bit of advice it would be expect the worse and hope for the best. You might just land softly :)
4) Why do you think Rees plays the cautious approach by not promising anything but on one press video a while back Rees stuck his neck out and mentioned a £500m MCap?.
(A) He is hugely experienced with the buy and build strategy. He knows the pitfalls, he knows the market. Imo that gives him the confidence to state where he want's to take Ygen ie, £500 mcap but he won't be cajoled in to holding investors hands and nursing them along in times of despair. He knows the strategy, he knows the market, he knows what's best imo. Nobody has to agree with that. It's just how I choose to see it and I have no other way of looking at it. He's proven he can do it at BBI with 7 acquisitions under his belt, all integrated and thriving, I trust he can do it, so we're good.
5) In your opinion why do you think the SP has not risen even though we’ve had some great releases over the last 3 months?.
(A) Imo the market always knows, So going back to your first question. it seems to me the NCYT deal was small potatoes and not bringing in much income when you look at the covid space as a whole and the opportunity for a diagnostic co like YGEN. NCYT also brought in other Manufacturers after Ygen which mostly likely resulted in lesser involvement for YGEN so we went down the route of our own test. The market will look at us as late to the table with this which is fair enough hence the share price. Imo it's only late if the pandemic burns out. Imo it looks like a second wave will be here soon and probably get a lot worse in the winter. This is why I have consistently said I expect a different beast by year end. it gives YGEN a chance to start delivering on all the news we've had of late.
My eyes are really bad having been out in the sunshine all day..so excuse typos and poor grammar. Too tired lol