Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Should have said
.. on 5th Sep 2019 Morses gave a trading update for the 27-week period to 31 August 2019. But obviously that interim update did not include figures for Sep, Oct, Nov, Dec (xmas) 2019 or Jan 2020 (not Jan 2019).
Morses results for the year ended 29 February 2020 will be published tomorrow. So, thats mostly 2019 figures. They are late and have been delayed a few times which is one of the reasons the shares are so low.
Question: How well did Morses perform from Feb 2019 to Feb 2020 (inc Xmas 2019?) This was BEFORE COVID struck. This is what tomorrow's figures will tell us.
On 5th Sep 2019 Morses gave a trading update for the 27-week period to 31 August 2019. But obviously that interim update did not include figures for Sep, Oct, Nov, Dec (xmas) and Jan 2019.
Remember that although this year will be a bad year, the figures being released tomorrow are talking about the trading period of 2019 before COVID.
5/9/19 update
The Company has performed well in the period with strong progress on the development of our product diversification strategy. Trading conditions in our core HCC market remain in line with the Board's expectations, with total credit issued remaining broadly at the same level when compared to H1 2019 at £85.5m (H1 2019: £85.7m).
Cash collections were up 5% compared to H1 2019 (H1 2019: 11.9%), and impairments expected to remain within the Company's IFRS 9 guidance range. Consistent with previous years, our results are expected to be fairly evenly split between each half, with the usual slight seasonal uplift in H2.
Total customer numbers of 224,000 at 31 August 2019 have remained largely stable (H1 2019: 229,000), with the gross loan book also remaining stable with 0.2% growth (H1 2019: 6.1% growth).
Morses Club also continues to make good progress with the broadening of its digital product offering. Gary Marshall, the recently appointed COO of Shelby Finance Limited, is focused on the successful integration of CURO Transatlantic Limited and U Holdings Limited as part of the development of the digital product strategy enabling the Group to offer banking style services with various credit services attached. The introduction of a wider range of digital products will enable Morses Club to capture a larger share of the non-standard credit market and retain more of the customer base as it evolves in parallel with HCC.
Morses Club was delighted to welcome Andrew Hayward to the Company as CFO in July. Andrew brings significant technological and digital payments expertise which will be invaluable as Morses Club continues to expand its product offering.
Paul Smith, Chief Executive Officer of Morses Club, said:
"We are pleased by the performance of the business over the period".
There was a Holding RNS yesterday. Amati Global Investors just bought 6.2% of the company. Maybe back to 70p soon on the way to £1 then £1.20.
1) whilst the price didn't go up like a did with Maderna, I think there will be some upward movement once we actually receive approval for mainstream usage. Given its high success rate, the large number of Phase 3 patients and the circumstances that have caused the need for the vaccine and I cannot see it not getting approval.
2) You might remember the scene from Jurassic Park when they were stealing the dyno embryos and had to use special canisters to keep the embryos at super Sub-Zero temperatures. Well the competition will need something similar to store their Vaccines in, except they won't be the size of a shaving can, you will need specialist freezer trucks. AstraZeneca vaccine only needs standard refrigerators. There is a huge difference with the logistics of how the two different Vaccines will need to be stored and transported, and that is where we have the advantage.
Prof Sarah Gilbert who created the vaccine. A 50 something red head. I'd rather have lunch with her anytime over any blonde bimbo - just something about intelligent women (pilots, NASA 'computers' from the 60's, doctors etc.).
I also like the post below that says why didn't they spin it a bit better (without lying) and say 1.5 doses given 1 week apart is 90% affective. And.. it doesn't need to be stored at stupidly cold temps. And it's MUCH cheaper than competitors (wrong word under the circumstances, but from a business point of view accurate).
Who would mind paying Astra a slight premium to cover their costs. This will pay the bills for a long time so the many other products this great company has can also be brought to market at lower overheads meaning more profit for Astras many non-COVID products.
Oh, and as for the subject line, Prof Sarah Gilbert and her team have done this in less than 6 months. Imagine how effective they can make it if they tweak the code over the next few months.
- 99% effective
- No silly storage
- Lowest cost AND most effective in the WORLD!
RNS wants Michael Ajukwu on the BoD. As the Non-Executive Independent Director of Tiger Brands, the total compensation of Michael Ajukwu at Tiger Brands is $1,531,200.
Really ****ty of the current board of directors to say the additional due diligence work required by the prospective nomad increases the risk of the shares delisting.
In other words, this interference, which of course the current board of directors isn't going to like because they value their jobs and salaries, risks sending the company under.
Did the current board of directors know anything about this in advance? There is no rule that says the shares must be suspended while this due-diligence takes place. A formal offer has not been made so the shares would continue trading while the request was investigated further. The RNS seems to suggest the shares will remain suspended while the prospective nomad does the due diligence work which should absolutely not be allowed to happen. And why would a nomad who has not been officially engaged spend their time and effort working for this company?
This could be good news if it does result in a takeover and if the shares are relisted, but I wouldn't hold your breath.
Okay, everyone knows a nomad resigning is never a good sign. But there wasn't a flood of sells last week when everybody knew suspension would come this morning if a new nomad was not engaged.
Maybe the previous nomad had just had enough and a new nomad really will be signed up soon.
Unfortunately this company is still famous for being victim of a scam when it lost half a million dollars.
I am certainly surprised there are only two posts made on here today.
As per the posts below, Greggs will cut 820 jobs as a result of the Covid-19 pandemic. In a statement on the company's website, Roger Whiteside, the bakery's chief executive, said Covid-19 had "forced this action" and continued lockdowns across the UK had only made trading harder.
Remember Greggs has just started to do JUST EAT deliveries. The Greggs on the Bede Industrial Estate in South Shields often has three or four mopeds parked up outside as delivery staff await their orders. There are just as many people waiting to be served as there used to be including the HGV drivers who park their massive lorries on the road just outside.
As usual the market will probably punish the share price a little bit on Monday, but with a traditionally busy time of the year coming up and the lockdown lifting in 3 weeks time I don't see it dropping back down to the years lows. I read a broker note just last week after the latest lockdown had been announced with a price target of £18.
Greggs is in the same category as companies such as WHSmith's Jet2 and easyJet where you know they are very unlikely to go bust and the price will pobably be significantly higher this time next year than it is today or Monday.
$600m might be small change to a huge pharma, but can INDV really afford this? Easily afford this?
Historical share price was obviously much higher, but there hasn't been a mad rush for shares today.
Don't doubt they have a future, but maybe 120p is fair value based on current circumstances until they can build their cash reserves up again.
I like the post from QuantumStar that that relates to the fact oil and natural gas are often found at the same location as large discoveries of helium gas.
"there must be a F'n huge oil/ gas reserve close by!"
Let's hope there is!
An old article from 2016 about the importance of helium but still worth a read
https://www.forbes.com/sites/bridaineparnell/2016/06/28/scientists-find-helium-gas/
Can't believe this site promotes services such as L2 yet it can't even keep its own chat service operational. Off line for the last two entire business days. Two of the most important business days so far this year.
I have a good understanding of modern IT and can't believe a company such as this cannot resolve chat room issue in a maximum of an hour let alone 8 hours.
Just wondering what others think of this.
Share price reached £11 again this morning but this company is just not worth £781 million.
Why test everyone when you can just give them all the vaccine instead? Ok, I know it doesn't work like that, but the company was way overvalued at £781 million when it was only worth £8 million this time last year, even though it did manage to capitalise on one of the biggest viruses the world has ever seen.
Exactly 7 pence last year the market cap has grown from 4 million to 700 million. I just wonder when the pandemic is over how it can maintain a market value of 700 million.
Although this mornings results were encouraging, it does make you wonder with Amazon doing so exceptionally well why this company has not done better than it has considering it is in the packaging business and considering the number of online orders has increased massively over the last 6-months.
Definitely a good buy when you look at where it was was in January compared to where it is today, but thought it would have been doing slightly better based on on the market it is in.
It was actually Friday the 31st of January when Nova did 120% in one day, closing at 38p.
99p on 14th Feb. 153p by 18th Feb. A 4 bagger in two weeks. But thats only if you bought in on 31st Jan.
Nova were 15.5p on 17th Jan. Thats a ten bagger from 17th Jan to 18th Feb.
Actually 9inch, it was in February on that famous Friday when Nova did 120% and closed at 40p. You were knocking them all weekend.
I'll have a quick read of the posts you've made just so I know if I'm talking rubbish about you knocking them now but you certainly were knocking them in February.
Come on 9-inch, I can remember in March when you were on here deramping and questioning the prospects of this company and they have gone up from 40p to £12.
I haven't bothered to read all of your posts below, but if you had put £1,000 in in March when you were deramping you'd have 24 grand profit sitting in the bank now.
The word "rapid" is being used a lot.
Q1: What is the fastest test Nova currently do? Eg if they had an analysis machine at an airport and a passenger took a test what is the quickest the results would be ready? 10m? 30m? 1h? etc
Q2: Do Nova have plans for an off-the-shelf, self test kit that will be available to the public? Or rapid home testing kit.
All replies appreciated.
It would be impossible to have grandchildren and great-grandchildren in school at the same time, unless of course the grandchildren were teachers, which is completely different anyway as they are simply workers in the workplace, the same as many people who go to work everyday.