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BYP.... you could not be more specific and clear. The risk that if Novacyt loses to DHSC, and it is a distinct possibility, the company 's much touted cash balance will simply vanish with the capitaliztion at near ZERO . And yet the only progress made in the last 12 months was the BOD salary increases. Direct insult and lack of respect to shareholders. No vision equates to no future and ultimate demise.
ValJu...i only state my opinion based on my experience. I am no spring chicken as i am 71. Passed through various investment experiences some good some bad and some horrendous. Not in a position to give any professional advice. If you see my previous posts you will notice consistency in my views. Will remain MY views. No probs if you disagree.
Basil, what you describe as a potential "monster cheap buy" would be better described as a " monster" fiasco. No reason to buy a company with no strategic plan and no BOD vision. Price will keep on languishing with no institutional interest and no interest from any major pharma. Hang on to your hard earned cash. The SP is heading only one way----DOWN. Anticipated a 50 p price tag and now tempted to revise it again down to 20p.
ValJu... the BOD have amply shown a total disregard to shareholders.BOD agenda totally different from the shareholders. The BOD's nest is well feathered it seems.
PI100, easy answer. Market has no faith in the ability and willingness of the present BOD to turn this company around. BOD had the cheek to propose and obtain a hefty salary increase for doing nothing. SP disintegrating as the BOD dips into the treasure chest. DHSC dispute will linger on indefinitely and no guarantees that it will be resolved in company's favor. An SP price tag of 50p is the next leg down after which expect an agreed merge with a major for a pittance. Regretfully this is the harsh reality. Useless living in denial.
hamsters..... the bonus is being paid via their substantially higher salaries, that was the "cunning" plan. !!
Hi Mostin ..have a great weekend.
PI100... absolutely not an ounce of credibility in what BOD says. BOD give shareholders lip service . No strategic plan and the market is giving company thumbs down. They will milk the cow until its dry.
Covid opp... would have been better if you sold the whole lot. If anything buy back at a much cheaper price if the company would still exist in its present format.
PI100.. can take different forms with the most popular being a simple ************** where shareholders get shares in the merged company. There is rarely a premium in this sort of exchange so the bottom line is a raw deal to shareholders. Even in the eventuality of a T/O at this stage the price paid will leave the majority of shareholders licking their wounds.
Wish i was wrong too PI100. But the writing is on the wall. This company is going nowhere and we will witness a very painful demise. Better to distribute the cash to shareholders now and call it a day.!! What i think will happen is some sort of merge with another diagnostic company with an exchange of shares and that will complete the " screw" for shareholders. Seen this happen in the mining sector.
PI100.....what else can the company say except they have "strong" grounds for a positive DHSC outcome. The valuation , in the present circumstances, reflects exactly what the market assessment of the company's prospects is. SP will keep on deteriorating until some sort of "breakthrough" emerges which frankly i cannot see coming. No institutional or retail interest.No clear plans what to do with the cash., Only decisive move made was to increase salaries. How's that for priority !!
Johnk , he is living in denial. Don't bother to react to beechknot useless drivel. Waste of time and space.
BYP nothing to understand except there is a Bank balance which the BOD & Co will unscrupulously dip into. The BOD have a carte blanche.
WISH, no amount of banging will move the BOD from its lethargic attitude. Only thing the BOD care about is THEIR pockets.
PI100 .. no vision just blunt bla bla bla. Talk of first off the block but no follow through via tangible orders. Weak marketing . BOD inaction and lack of respect towards shareholders. And what IF the DHSC dispute is ruled against Nova ? Hopefully not but still possible. Then a rights issue to raise funds .
Beechknot stop dreaming and misleading. This company is going nowhere. The BOD will slowly but surely dip into the pot as witnessed by the recent approved salary hikes. Absolutely no regard to shareholders. The market is sensing that company rudderless and sooner or later will sink. I had predicted a Quid per share and here we are. At this stage the outlook is even gloomier and a 50p SP is very possible. My view is that the company will be merged / taken out at a pittance and that will be the end of the story. Very sad indeed for shareholders .
Beechknot stop dreaming and misleading. This company is going nowhere. The BOD will slowly but surely dip into the pot as witnessed by the recent approved salary hikes. Absolutely no regard to shareholders. The market is sensing that company rudderless and sooner or later will sink. I had predicted a Quid per share and here we are. At this stage the outlook is even gloomier and a 50p SP is very possible. My view is that the company will be merged / taken out at a pittance and that will be the end of the story. Very sad indeed for shareholders .
Would not be to eager " to go in Big" if the price falls under a quid. In my view the possibility of this happening is real. What is disconcerting is in my view the lack of visibility in earnings and the apparent inaction by the BOD to give the market a clear and definite pathway of where the future revenue streams will come from. Being first of the block and new products are fine but what the company needs are consistent definite contracts which have been lacking for quite a while now. BOD certainly not shareholder friendly. They still have to justify their increased pay packet with definite action and results.
Well said Covidopp.