Member Info for EXMEX

A company only gets to sit at the top table if it obeys the rules .Break those rules no large contract's.

B2HS2L, thanks for taking the time to post a transcript of the key points from the AGM.

A repost of significant institution's and fund's holding shares in Novacyt as of 04/01/21 , my previous posting got removed.
https://www.morningstar.com/stocks/xfra/nyz/ownership

PK63, it's been difficult to find information relating to the USA. However in the questions and answers section at the end of the late September agm GM stated that America is one of Novacyts top performing countries for sales.

That's a totally different James McCarthy.

Interesting interview of James McCarthy from 2018. I think he's found the answer to the last question that was asked .
https://www.nurole.com/news_and_guides/james-mccarthy-cfo-goldman-sachs-and-koch-industries-backed-flint-group

Thanks for the post

Soder, have you got a link to the current holding ? It certainly was the deal of year , especially the price they were issued at .

Soder , I thought those 800,000 shares were put through the market in June . It dragged the share price down to £2-15 while they were being churned.

locked in

The first tranche of shares that Vatel have are locked until 31/03/21 and the second tranche 31/12/21.

B2HS2L and Ad4you, another reason behind the recent filing for patent's could be the potential savings in corporation tax.
From the half year result's released in September -
For the first time the Group has been able to benefit from the UK Patent Box regime , which is a special low corporate tax rate used by several countries to incentivise research and development by taxing patent revenues differently from other commercial revenues . Subject to a number of adjustment's, the effective of tax on profit's derived from the sale of product's subject to patent's is close to 10% rather than the normal UK tax rate of 19% .The Patent Box rate is normally claimed once a patent has been granted , but it is likely the Groups product's will fall within a specific exemption allowing the reduced rate to be claimed immediately. Due to the uncertainty over the detail's of the full calculation, for current reporting purposes a reduced corporation tax rate of 12% on profit's from patented product's has been assumed.

On the current turnover that could save a significant amount of tax on newly patented product's if the above is correct.

Astra Zeneca were awarded a £152 million contract to run the Cambridge lab until late April this year and Novacyt work as a sub contractor for Astra Zeneca. As part of this contract ,at the end of each month Astra Zeneca are supposed to submit an invoice to the DHSC for cost's incurred with the testing operation ,with payment to be made within 30 day's.

The £63 million contract to supply 288,000 test's a week that was announced late April was to supply NHS labs around the country and followed on from the first £1,000,000 NHS order 5 week's previously. This contract was originally due to run till early November and could be extended if necessary. GM has already informed us that several contract's have been extended and I expect this to be one of them .

Did anybody see this notice that was published on Bidstats two day's ago . The DHSC are looking to instigate a procurement exercise (currently scheduled for January 21) with a view to setting up a Dynamic Purchasing System for the delivery of the full scope of consumables, reagents and equipment for the purpose of administering Covid19 test's . One to certainly watch carefully.
https://bidstats.uk/tenders/2020/W53/741867525
https://ted.europa.eu/udl?uri=TED:NOTICE:639078-2020:TEXT:EN:HTML

sir_digby, just to add to your post , some airlines are already looking at only allowing passenger's that have been vaccinated once the rollout of vaccines is more widespread.
https://www.executivetraveller.com/news/qantas-says-vaccination-will-be-compulsory-for-overseas-flights

Several more distributor's of the Mygo Pro
USA. https://www.azuragenomics.com/categories/equipment/mygo-pro-real-time-pcr-instrument.html
Australia. https://www.advancescientific.com.au/thermal-cycling/real-time-qpcr-systems
Malaysia. https://www.pltscientificinstruments.com/products/pcr-system-mygo-pro-real-time
Philippines https://www.rainbow-instruments.com/products.html

I don't know if anybody saw these contract awards which were published on Bidstats just before Christmas . All together there are nine separate awards to different companies to supply equipment and materials to facilitate the production of lft test's and the buyer is the DHSC .One of these companies is Adreco Plastics who make the bodies for the test's . Looking on their website it states they secured a contract in the autumn from one of the UK's leading medical and technology companies to manufacture individual cases for 50 million covid19 antibody test's .It seems that Adreco are having to increase their production even more and that all the nine companies are supplying the same end user to increase that company's production capacity. Which leading UK medical and tech company are Adreco working for ?
https://bidstats.uk/tenders/?q=department+health+social+care#741867519-741408811-45
https://www.adrecoplastics.co.uk/milton-keynes-moulding-company-scales-up-operation-with-hsbc-uk-funding/

Over 41,000 new cases reported in the UK today and over 21,000 people now in hospital with covid19 . Sadly this is before the real effects of Christmas get togethers start to show.

Link to the AGM recording, try from 46m30 s in . Plenty to look forward to in 2021.
https://youtu.be/amjoVe7ihck

During the AGM on the 29/09/20 GM spoke of short term acquisition target's and larger target's for acquisition in the first half of 2021 .On the 15/10/20 GM delivered the first of these with the announcement of the purchase of It-Is-International. The video of the AGM is available on the company website ,with most the relevant information regarding the company plan's going forwards from approx 40 minutes into the recording.