Seadoc - interested to know why you are closing half your position today?
I didnt mean to sound derogatory. My interpretation of investors was simply those with a forward look of more than 4 weeks. An investor should place valuation on a company using a number of metrics and currently in my estimation Novacyt are undervalued and therefore insee value for those buying in now.
Alan - judging by your recent posts i can see you managed to buy in recently so i completely understand why you would be happy with the uplift. ‘Take a profit’ and all that. Goodluck to you and i hope you do well on your investment as i believe you will.
Surely it would have been better to wait for the next update? Each to their own. Goodluck with future investments i hope you can recover that loss pretty quick. It is very hard seeing the price drop 60% in 2 weeks on nothing.
Its not difficult to workout that this will be alot higher at some point in the near future. I spent my weekend re-evaluating my investments and my conclusion was.. if i wasnt invested i would have opened a strong position this morning. Proper investors will be absolutely gobsmacked that they can get in at these lows!
I dont have any information Obelix. Firstly, we know Graham turned down investors from his own admission. Who do you think these ‘investors’ are? Secondly, Huge buying pressure between 300-320 a few weeks ago and director buys. My guess is the BOD turned down an approach as it undervalued the company.
The updates in the past have essentially been telling us about the next update which imo is the biggy. Everything so far has been, ‘we are progressing well in the US and expect to update soon’ or ‘we are still on track to launch Exsig in June.’ Details of all these is what we need an update on and if its positive and we dont climb out of this miserable rut then like i said before i will hang my boots up!
What we do know is Primer have distributors in the US and are rercuiting a sales manager to manage future sales for what i believe to be the mobile testing which is up and coming. The question is are these sales already declared or not? I expect we have a licence for royalties as why would the last rns state an update on this market will be given in due course. I have kept my expectations low on this as i dont want to be dissapointed but i would love to be proven wrong.
Agreed, as long as all manufactured is sold and we have licenses for royalties that will give us a very juicy revenue sum. Just curious about the states as we are due an update on that as per previous RNS. Guess time will tell.