Member Info for E_AL

The drop is way overdone, it should show some recovery in the afternoon. The share price is moving just above 200 days moving average which is a good support.

Check the sp minutes before the Investors event start ;)

While others loading up quietly ;)

08:50:30
4.927
BUY
800,000
39.41k

I think they've cleared the overhang and today's dropped has been the 10% traders banking their profit.

Massive room for sp recovery from here : )

I must say this is a very interesting Conference call, not just for Yourgene but for all Covid-19 testing companies.

Just like Yourgene, Nova will end months of radio silence next week and gives a clear path for future.

Rerate coming :)

From Twitter:

"On 31 Dec, #NCYT had £92m in cash despite unpaid DHSC orders

Till 31 May, they had £47.7m of Non-DHSC revenue, and with estimated £10m/mo sales - by end of this month that'll mean £74.7m in non-DHSC sales YTD

This converts to ~£40m cash giving total cash posn of £132m

Again that is WITHOUT factoring in £88.4m of unpaid DHSC invoices

We can assume a much larger % converts to cash as 2020 overheads were already covered to get to the FY2020 bottom line

Say 80% conversion, that's another £71m cash so totals £203m cash position for #NCYT

BoD said in FY2020 results that even in the unlikely event the DHSC win the dispute, they will get replacement product NOT cash, so the invoices will have to be settled

So #NCYT will in essence have £200m CASH by the end of the month..

..which is the current MCap!

Let that sink in

Enterprise Value (EV) is now £0 despite the lower threshold of non-DHSC sales being £7m per month

EV is now £0 despite significant IP ownership

EV is now £0 despite us being at the height of Covid testing
My opinion derived from my calcs is very clear - spend £x buying #NCYT, and you in return get your £x in cash back and then get ownership in a lucrative company for free

I'd moan about sellers, but then I remember that they're the ones providing us with this amazing deal!

https://twitter.com/BlackbirdInvest/status/1426099684024725504

"

Its in blue atm and I think we'll see some recovery prior to the Investors Conference.

The market thinks they wouldnt have called for Investors Conference prior to AGM THIS MONTH unless they have something to say or clarify

Oh really ? Don't buy, plenty of companies out there to invest in on LSE, why to waste your time on this BB?? ...simple!

WorldQuant can't squeeze juice from a dry lemon. Whoever wanted to sell has already sold and the market knows that Novacyt’s current MCap is unrealistic. WorldQuant can’t get much more shares from the market to keep shorting so they are closing their short position.

We hit the rock bottom and the tide is about to turn :)

# Trades 358

Vol. Sold 145,413
Sold Value £442.78k

Vol. Bought 223,207
Bought Value £679.67k

Time to climb back up :)

# Trades 480

Vol. Sold 242,323
Sold Value £719.46k

Vol. Bought 274,413
Bought Value £814.73k

I am monitoring Level 2 and I can see within the past 20 minutes buys gone from under £200K to £405K (Buys doubled within 20minutes!)

IMO the sp drop was organised

# Trades 281

Vol. Sold 136,717
Sold Value £399.21k

Vol. Bought 138,806
Bought Value £405.31k

# Trades 641

Vol. Sold 299,029
Sold Value £915.33k

Vol. Bought 385,674
Bought Value £1m

Likely worldquant is triggering stop losses to cover:

# Trades 536

Vol. Sold 279,273
Sold Value £846.20k

Vol. Bought 320,479
Bought Value £971.05k

Mcap is unrealistic at the moment so technical and foundation bounce is imminent

Support at 311 (monthly chart) so sp will likely bounce from this level ;)

Someone posted interesting tech charts on Twitter earlier:

‘ Sp hit 30DMA on the monthly chart & MACD is about to turn on the weekly.

I believe we hit a good support today and #NCYT #ALNOV should start to climb back up from here

#iCalleditFirst

www.shorturl.at/ruRSV “

“ same as what it was 12 months ago prior to novacyt winning second DHSC contract ”

Actually, on the day 2nd DHSC announced (29/09) , sp was 524 so the current sp is well below pre-DHSC and IMO there is a massive room for recovery from here

Nice buying pressure building atm on the L2

Risehall1:

“ No new trading information will be disclosed during the presentation”

During the presentation not before it …..

If you have many doubts & concerns about the company then we to invest here at all .. plenty of fish out there on AIM and the main exchange .. invest somewhere else will min. risk and already in production instead of spamming our board every couple of minutes with your doom & gloom ;)