Member Info for Genemeanie

Hindsight is such a wonderful thing.

Good to hear from you Airlineboy, a blast back to happier times, with a higher share price and much less rancour.
Guess Dylan has learnt the hard way, like some of us LTH’s, that investing is not a one way street. Has the treehouse had to be let for AirBNB?
With best wishes to all , especially the old faithfuls (you know who you are), for a happy and prosperous 2023

Does this article give the company an opportunity to post some strong messages about the accuracy of it’s wares along with WHO and other testing approvals without directly commenting on the dispute perhaps?

Not sure if the last line relates to my post, or if they crossed grabba, but the fact that a question cannot be answered does not mean that you cannot make the point by asking it!

Having thought carefully on this matter as a long term holder and supporter I have concluded that we should be far more than bystanders in this issue.

We were directly and significantly affected by the announcement and subsequent failure to resolve this matter, and will continue to be so until it is resolved.

I have therefore drafted the following communication for comment before sending it (modified as necessary) to the company.

Any comments suggestions most welcome…..please feel free to replicate as you see fit.

“ I appreciate that you cannot discuss the DHSC conflict in detail, however having been a long term shareholder adding to my holdings up to a price of £10 plus a share, I have lost a large part of my life savings as a direct result of the share decline that immediately and subsequently followed notification of the dispute.
I am therefore pleased to see that “The Company continues to believe it has strong grounds to defend the claim and assert its contractual rights, including in relation to recovering outstanding sums due from the DHSC.”, can you reassure your shareholders that in any damages claim in the forthcoming court procedure you will include appropriate elements for this loss both to the company and it’s investors.
This is an irrefutable fact and matter of public record, when one considers the decline in share price that directly followed this announcement and which obtains to this day.
Can I also assume that this would be in addition to any amounts for the substantial damage to sales and reputation that our company directly suffered and continues to do so until this matter is resolved?”

Thanks Exmex and Wilson.
As I said ….I thought I was just trying to lighten the mood when I first posted it!

Another thrusting “the Apprentice” candidate contribution perhaps? #F~~Dies !!

Thought that we could start off this beautiful weekend with a bit of light relief:)
Don’t know how widespread it is (I’m in Wales) but I have just picked up my latest pack of government brown envelope funded RAT tests to notice that they are proudly labelled with the manufacturers brand “Acon”

Wilson63… another version of your saying I heard working for a large organisation was “ be nice to people on your way up because you never know who you will meet on the way down!”

The Russians probably hacked it after all this chat about the war.

PS I'm afraid that I don't have an answer to Russia and Ukraine ;)....sorry.

Reminds me of a joke..... I make all the important decisions in our family like whether Russia will invade Ukraine, whether Boris should go, or who should be the next Met Police chief whilst my wife does the little things like where we live, my job, the kids school etc. etc. You ought to hear her on my Novacyt share buys!!!

PS I'm afraid that I don't have an answer to Russia and Ukraine ;)

Thanks SPQStrader I greatly appreciate your time and trouble.

Harchris again I take your point however this has gone on too long and I, like many others, believe that there is more that could be done to support the share price.

As I am not a keyboard warrior, like a number here in the week, I do not do this lightly but believe having invested significantly and held shares for a number of years it is reasonable to ask for the directors to satisfy their duties towards loyal shareholders.

I have been a senior manager in a FTSE 250 company and know that priorities alter with circumstances, and pressure!

I believe that it is fair and reasonable to expect more communication and support and am giving fair warning of my own personal pinch-point having sat quiet for two years. My price target is hardly demanding representing as it does the baseline when the LTIP was set by the company itself in December!

As I have emphasised this is intended to be positive and is certainly more so that disaffected shareholders voting down motions at the AGM which would see the share price decline even further.

Babyhuey ....you had to have been there to appreciate the history! As Saintsmith says the second contract was on the cards and people were talking £54 pounds a share and even the brokers were at £16 or so. I take solace from the fact that some seasoned and very intelligent investors (you know who you are) have also taken a similar path.
I hope for your sake that you never find yourself in our quandary....but that does not invalidate the rationale for my suggested, positive, way forward.

Exactly Karen. My initial purchase was at about 50 p and my last more like £10.
Yes I did watch it fall back down which was my choice ...because I believed in the company. Hindsight is always 20 20.
What's done is done but the issue I am raising is about the BOD being more shareholder focussed going forward in the short to medium term as well as the longer term.

Wouldn't disagree Harchris but my intention here was to try and set a positive, more Shareholder focused, agenda for the BOD going forward rather than dwell on the past.
Moaning and groaning when AGM votes are sought is too late and disruptive to our interests IMO. However voting is our only sanction and it seems fair and reasonable to me to give fair warning and time for the BOD to address the issue.

Cluelessshareboy - made me smile. But if anyone else wants to borrow my words and say I'm Spartacus then be my guest.....the more the merrier!

My Short Term Incentive Plan for the Board of Directors.......

I don't post much but as my record shows have been a long term investor and supporter of Novacyt for 2 years.

However I DO feel that shareholders have not been given adequate support by the Board and have recently sent the attached email to the company which may be of interest to those in a similar position, and therefore offer it up as a suggestion in the hopefully saner and more measured atmosphere of a weekend BB.

"Hi ****

I trust you are well.

I am trying to be positive and proactive here against a loss of life changing sums having invested heavily two years ago to support Novacyt's development during the pandemic, as you will be aware from our previous correspondence.

Whilst this is my decision, the general responsibility is shared by the Board Of Directors (BOD) and, in common with many investors, I currently feel neglected.

In spite of these losses I have supported the Board at the last two AGMs, however as trailed in my last email below(....this warned them in September after the failure of the first AGM that "whilst I voted in support there are a significant number of people out there who feel neglected".....) , this patience is now exhausted having allowed a number of months for the new CEO to address this.

I note the recent RNS about the LTIP and welcome this initiative, however the impact of this needs to be accelerated for the sake of the loyal shareholders who are suffering out here.

The baseline figure set for the LTIP was I believe £3.54.

Whilst the share price is not under the exclusive control of the board, previous administrations have demonstrated that a range of actions within their control can significantly, and positively influence its price.

For my part this (£3.54) is the minimum price that must achieved if I am to continue to support the Board at the next AGM.

As it is of no use to tell you this when you have the unfortunate task of garnering support for the AGM in a few months time, I trust that you welcome this notice as a positive communication to strengthen your hand in ensuring that shareholder interests are given an appropriate focus and weighting going forward.

I will continue to 'watch this space'.

Kind regards

***** "

Morning Kaeren
You asked about this article last night.
My short summary…demand is increasing so these nasty private testing companies will want to charge more. ….says an ex executive of that well known philanthropic airline Virgin Atlantic ;) who now happens to run a travel consultancy.

In full “PCR test prices are to soar in the wake of the new omicron rules amid warnings that private companies will raise their prices.
Some providers have already started to increase charges in the past 24 hours, according to Paul Charles, chief executive of the PC Agency, a London-based travel consultancy.
Speaking at the Downing Street press conference on Saturday, the Prime Minister insisted that “we are not going to stop people travelling”.
But he said that all passengers arriving from abroad would have to take a PCR test by the end of their second day after reaching the country and self-isolate until they receive a negative result.
Mr Charles, a former Virgin Atlantic executive, said: “You can guarantee test providers will be hiking their prices at any sign of increased demand.
“The test providers are in the private sector and they are basing their prices on demand. If demand goes up they will put their prices up.
“There is no regulation and no major oversight of private test providers.
“The testing industry is worth well over a billion pounds and has grown up at very short notice.”
Sajid Javid, the Health Secretary, launched a clampdown on “cowboy” testing providers, threatening to remove any company from a government-endorsed list if the prices they advertised online were lower than what is actually available.
Mr Javid said it was “unacceptable for any private testing company to be taking advantage of holidaymakers”.
In August, more than 80 Covid testing companies were given a final warning by the Government after misleading travellers over prices and 57 lost official backing.
Mr Charles has warned that prechristmas travel will be “wiped out” by the new rules.”

That will teach me to try and be clever…….posted it twice ….sorry

As a LTH was only trying to lighten the mood!

Interesting post DEAS999….another string to the anti vaccination argument perhaps….reduces MORALITY !
;)
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