Member Info for DRB83

I believe someone on here shared an email from Mandy suggesting we'll get our usual annual update at the end of this month.

It's a non-sensical argument Heuy and Woody knows it. Before the pandemic hit we were about 10p per share. We have £1.50 per share in the bank. The current SP pretty much values us as ceasing trading in about 9 months. Liquidating our assets and you'd get back what you put in, at today's price.

No debt to pay back,
Very little creditors to pay back
Government actually owe us money unlike some companies (spoons) who have had no choice but to grovel to the gov for hundreds of millions.

We are supported by a balance sheet that is made of steel, bricks and mortar, unlike some balance sheets that I can only compare to a house of cards.

The SP may disagree at the moment but it's a much worse position to be in if your sp isn't supported by a strong underlying business value. Imo

Yes Chas, I remember from the last presentation in August ncyt were holding back production of their new Pro LFT due to the large scale of free tests being distributed by the gov. When it ends a new revenue opportunity may present itself.

We have speculated too long. The longer time goes on the further your speculations can drift from reality. I'm looking forward to the update so we can benchmark just where we are with our speculations.

Is mumbo jumbo a scientific term. I've been asking for the government to use education to change people's stance on the vaccine and move away from coercion tactics. Was this BJ's attempt because I think I'm starting to sway. Why didn't he just say that to start with.

I missed your link Moniman. That would certainly suggest it is fake news. Logic states to keep free testing in place especially now and especially to keep the economy moving. The government is far from logic so it didn't really surprise me when I read the initial article.

Trouble, you are correct. They have to give us some guidance or we'll be a sitting duck. Even if they gave us a best-likely-worse case scenario. Covid has been uncertain for 12 months so contingency plans would have been drawn up that would include non-covid revenues. We need more information on these plans. Really sell the foundations we have built and the opportunities those foundations now present. I could write several pages on it and I only know 10% of what is going on. It's DA's first business update after 3.5 months so if we get 2-3 short paragraphs like last time then I'll be hugely disappointed like the rest of us I suspect.

It is likely to adversely affect our SP on Monday. It's sat right on support so it's been looking for something to either boost it so it bounces back up towards the 200ema or news that will send it dropping to test the next support range of 280-300. With how sentiment is the drop was always more likely.

That is just the affect on the SP though. I don't believe the actual business will be affected at all as we don't supply LFT's to the UK gov. PCR testing imo will eventually be moved from high throughput mega labs to NPT and POC testing which will actually open up more doors than it closes.

No denying it though. If we want to de shackle ourselves from the covid only title the market has given us then we need a rather detailed OUTLOOK section in 3 weeks time.

Definitely on board with the elimination of the mass vaccine rollout and the constant coercion strategies. Testing however, take a look around 2.7m cases per day is probably close to 27m tests per day and that's probably only a fraction of the story. From the H1 results, UK represents 39% of our sales, of which the majority is to the private market. The private market is for PCR tests we pay for i.e travel. Most countries still require you to present a negative PCR test before departing so those tests will still be required.

The free tests being dropped are the LFT'S which make up zero of our sales as we are not even approved to sell them in the UK. Confirmation PCR tests will always be required and yes whilst demand will eventually drop off to flu like levels I suspect the impact to ncyt will be more than manageable as the volumes we sell to the UK gov and NHS will not be significant.

Just food for thought. As PCR levels do eventually fade the requirement for the mega labs will also fade and a move to NPT and POC testing may take over. The strategy will become more decentralised which will play more into the hands of our Q machines.

In summary, reduced mass government testing doesn't automatically mean reduced revenues, there will be changes in strategies that will open up new doors.

Lastly, 61% of our H1 sales were non-UK.

Response from Sturgeon:

Scotland’s first minister Nicola Sturgeon has warned UK prime minister Boris Johnson that axing universal free lateral flow tests would be an “utterly wrongheaded” approach to dealing with coronavirus.

She urged Johnson against the move after it was reported they could be limited to high-risk settings - such as care homes, hospitals and schools - and to people with symptoms.

Sturgeon said the Scottish government had not signed up to the move, but if Johnson was “really considering this” it would be “utterly wrongheaded”.

“Hard to imagine much that would be less helpful to trying to ‘live with’ Covid,” she tweeted.

Nicola Sturgeon
(@NicolaSturgeon)
If UK government is really considering this (@scotgov? certainly not signed up to it) it is utterly wrongheaded. Hard to imagine much that would be less helpful to trying to ‘live with’ Covid. https://t.co/CR72sm5bUI

January 8, 2022
Nicola Sturgeon
(@NicolaSturgeon)
Better question: What happens via Barnett Formula to @scotgov funding if UK government axes free tests?

Testing so vital, we’d have to consider continued funding but it would then come from existing budgets.

More evidence that current UK funding rules not fit for purpose https://t.co/PGowMTheaE

January 8, 2022
She questioned what would happen to funding for UK nations for testing under the Barnett formula if the British government went ahead with the move, adding: “Testing so vital, we’d have to consider continued funding but it would then come from existing budgets.”

The Department of Health and Social Care is yet to comment, but a government source disputed the report and said it was too early to say what the future holds for free lateral flows, PA reports.

The rapid tests were made available to everyone in England, including those without symptoms, in April.

Yep, in simple terms. Less demand in the free Chinese test market and more demand in private market. We always stood a better chance to compete in the private market thanks to the governments secret ties to the Chinese.

Maybe the gov will switch to free nationwide antibody testing to support the vaccine rollout. That means new tenders up for grabs. Just saying.

The British government may stop giving out free lateral flow tests under plans for living with Covid, which prime minister Boris Johnson will announce within weeks, the Sunday Times reports.

After more than £6 billion of public money has been spent on testing the population with lateral flow devices, the government could move to providing free tests only in high-risk settings such as care homes, hospitals and schools, and to people with symptoms, while the tracing of people who have come into contact with the infected by NHS Test and Trace is also likely to be scaled back.

A senior Whitehall source said:

I don’t think we are in a world where we can continue to hand out free lateral flow tests to everybody for evermore. It’s likely we will move to a scenario where there is less testing but where we have a capacity to ramp it up if necessary, such as in the winter.

Approaching 1300 deaths in last 7 days. Highest 7 day total since beginning of March21. Was really hoping Omicron was our route out of the pandemic. Cases won't peak for another 10 days apparently.

The only silver lining I can think of is that if deaths take about 4 weeks from positive test then those 313 from today would have been mainly from the period 10th-13th December. That was when cases were around 50000 per day and predominantly Delta. Hopefully we'll start to see deaths decline now down to double digits as Delta deaths should now start to drop off dramatically. I certainly hope so.

Yes, good find, selling all around the world. Several geographic areas is a form of risk diversification. More countries means we are not bound to the policies of one government. Imagine having all your sales in one jurisdiction and that government decides to restrict you in some way. Nightmare scenario and completely helpless. Not our problem though.

Interesting, but really could be anything. Test and trace contractor maybe. Who knows.

Exactly, sentiment is for traders. Fundamentals are what's important. All the internal metrics in the business going up, up, up I suspect. Meanwhile SP going down. Ncyt will be sharing a glimpse into their success stories very soon. Imo

It was also announced this week that PCR requirements would be scrapped for travellers arriving in the UK – a move that was opposed by the health secretary, Sajid Javid, on the grounds that it could set back detection of new variants coming in to the country.

Woody, that's what all the flat earther s say.

2 things from me byp. Omicron cases haven't peaked yet (possibly 10-14 more days they say, but who knows) which means hospitalisations will peak in Feb, deaths mid Feb. That is just the UK. India, Brazil just getting started. Omicron will be spoke about for several months to come so if it is helping prevent negative sentiment from dropping our sp then come end of Jan when we are given our update and outlook I expect sentiment to do a 180 and the SP brakes to be released.

Secondly, LFT's are being championed now because speed is everything when your adversary is as fast as Omicron. PCR is limited by its cost, capacity and speed. Accuracy takes a back seat against Omicron. What would change things here is a 10 minute PCR test that can be run on a multi test platform at an affordable price. All of a sudden, you have all the boxes ticked and a humongous market share to capture.

Looking forward to the next R&D update. Coming up 4 months.

Utter tosh are the ramblings comparing ncyt to sxx. They can't just agree a £2 sale where the directors get £10m each. We do get a say and there are lots of us.

The business is churning profit. Growing in a growing market. No need to go to market as debt free and bank is busting. Potential of new products in new markets is huge. Directors stand to make so much more by developing ncyt into a mid cap organisation. They'll enjoy doing it and be crowned kings.

Comparing ncyt to sxx is done by people who don't understand business or who are just really scarred by previous bad mistakes. Chill.

That's not what other experts say. Arn't expert opinions meant to be objective and based on facts. Interesting how you always get varying answers from them all the way across the spectrum.

https://edition.cnn.com/world/live-news/omicron-variant-coronavirus-news-01-07-22/h_2c94f6bad1da8406c99eb29450f4e6b7

Fully vaxxed now includes the booster. Failing that, you need to test. Not rocket science Boris.