Member Info for HarChris

I hear you CS. I still think there’s a decent chance of settlement at the eleventh hour although I’m not overly bothered now, for maximum impact I’m happy to see it go to trial.

Yeah, the smart traders will be in and out long before the risk of getting caught out but the rest will be burnt and you can be damn sure Greg won’t even have an ounce of contrition for his actions.

I also suspect that’ll be the time the directors buy in which they will think ‘softens the blow’

CS, there’s a very decent chance none of us would even have been aware of that article if Larry didn’t spot it, let alone the general public! I had a scroll around Sky News and didn’t find it without actively searching for it.

Neil has a point in terms of the impact of this, 99% of the general public will be unaware of the outcome of this dispute no matter the decision.

I thought if any news org was to pick up this story it might be the Telegraph, as our old friend Samuel Lovett is now deputy health editor.

I’m with Neil on this and have been for a while - I really don’t see this dispute gaining any sort of significant media traction, it is yesterday’s news.

Everyone knows the government wasted billions during the pandemic, if they claw back £100m it’s a decimal point on the overall number. If they settle and pay out £50m it’s two decimal places.

To highlight a win here for the government would merely bring attention back to all the billions they wasted in 2020/21

'A decision could be weeks away even months so short term traders will be leaving today I'd say'

We're at potential settlement stage now and we know full well the only way a settlement happens is if it's heavily in NCYT's favour - so there's some logic to holding now for that with traders possibly exiting in early June if it does indeed go to trial.

I feel quite pleased with myself for adamantly and consistently calling the share price to reach 80p in the run up to the dispute, even with the SP at 43p one month ago and with all the negative folk on here calling for 30p.

I hope it isn't just Amers that made the most and loaded up whilst it sat at the bottom for months !

They've paid out in the other cases with diagnostics companies so why not here?

I know it’s unusual for us to get an rns when EuroNext is closed but I expect we still will today K.

Not all is well for ShanghaiJoe

A settlement where NCYT receive, say, £50m is in essence clearing their name imv.

B2 what are you hoping for then at 7am? An rns saying that the summary judgement has been thrown out?

I'll be honest and say I very, very nearly bought shares today during the meeting. Not because I believed a word they were saying but because the talk was strong enough to likely convince some that this is a bargain and to therefore see a share price rise.

If you ask me their tactic is a straight forward fake it til you make it, aiming to boost the share price through this quarter and then raising as much as possible through a placing. That will give them one last bite at the cherry to make a success of this.

B2 we don't know if there could have been some sort of settlement early on with neither party taking responsibility, that's my guess anyway, yet Novacyt appear to have played hardball from the start refuting the claims outright then suing right back.

Let's be honest, there's a huge power imbalance here. The DHSC could always see it through to at least this point in time whereas ncyt constantly had choices to make, hold their ground and take the significant hit to share price and the complications that can come with that or back down and concede.

So the fact that we're even at this stage proves that Novacyt truly expects to win whereas for the DHSC most likely it's simply that they haven't had any incentive to back down earlier...that doesn't mean they see it all the way through to trial in June though.

So DHSC how does that line up with this:

https://www.lse.co.uk/rns/NCYT/approval-of-exsig8482-covid-19-direct-test-in-the-uk-bvmwqxzelcoyade.html

Certainly an interesting IMC.

If you were to believe Greg's words then this is the mother of all opportunities but the facts don't back it up. He also went on to answer my question by saying that they can't speak for the analysts guidance yet previously they were RNS'ing Hardman Research broker notes to the market and encouraging us all to read. I find his comments on how happy they are with the current growth trajectory to be downright disingenuous.

Greg continually claimed Shield can reach cash flow break even in H2 2025 without further funding, I call BS. I will watch with interest and will happily eat my hat, feathers and all, if proved wrong.

Significant buys going through - someone is betting on a positive rns in the coming days...

‘ The Company will announce the outcome of the application in due course.’

£130m is what they are claiming from Novacyt, not the other way round!