Member Info for HarChris

I'm amazed if you are experienced that you thought novacyt would just sit at cash levels for time immemorial slowly burning the cash over a number of years with little to no fight or action. It was quite obvious from the whole '100 days' rhetoric that things would be different under DA and it was simply a matter of time before something was to give.

Granted this wasn't necessarily what I was expecting but the cash pile to market cap is pretty much unheard of for a debt free profitable company in such an environment (we all know the covid situation can change on a whim and we sell globally).

Of course, we are french after all!

I'd give you a big kiss Kaeren if you were here in person (and you allowed me!)

Biosynex are not big pharma, they were as small as us pre pandemic and are barely bigger than us now - the difference is they seem to be aggressively going after targets whilst we await a strategy from our CEO - don't see how they'd buy us out but might be buying up as much as possible before a possible merger?

aha ValJu I've been calling a TR1 recently myself but thought it might be J O Hambro, I just meant nothing underhand going on - this is an interesting development for sure - this was last May https://www.biosynex.com/en/biosynex-acquires-avalun-to-become-european-leader-in-rapid-diagnostic-testing/

I assume biosynex has no trading arm and is simply a diagnostics company like us? Are they seeing the disconnect between assets and valuation and deciding to spend some of their spare cash buying up cheap stocks? Or could there be some merger intention?

Biosynex now holding 3% - strange that they're buying up novacyt stock?

There are numerous accounts that offer nothing but one sentence posts when the share price is looking ugly and there is panic kicking in (the likes of Aldebaran) and those who do the opposite when the share price is looking lively (think crabtree on here).

In certain stocks that are PI heavy and have a big BB/online following I imagine the timing of certain posts can magnify a sell off / spike but yeah in the grand scheme of things it won't make much difference.

There is no obvious VoC catalyst today in particular, it's probably a combination of these stocks being pushed down as far as they could go and the Ukr/Russia situation but you're right to point it out as a couple of them have snapped back very hard today - funny timing after our friend Aldebaran the grim reaper stalked the boards last night, predicting 145p here (7% up) and 20p for avacta (a whopping 22% up today).

Probs Porky buying back the shares he sold!

It was only that low between 31st Jan and 4th Feb, i.e up until the last RNS. It is very clear to see that the LTIP update calmed the market considerably and ever since there has been a reversal in trend, albeit rather undramatic and nothing to get excited about.

It is very possible that someone with plenty of cash has decided that today's the day to start buying in, what with both things looking calmer here and the de escalation at the Ukrainian border.

Possibly yeah. I tend to think that whilst there's still very little appetite to buy novacyt shares the LTIP update put a temporary floor in and as I said at the time as long as we lose little ground on down days and rise a bit more on blue days we should see a steady trudge back towards £2.

Mainly my point to ValJu was that no, nobody needs to be in the know to take big chunks of shares in a company close to cash value, especially (as you say) when market uncertainty is reducing.

Someone probably just thinks the bottom is in and is comfortable accumulating now, no insider trading necessary to buy at this price Valju.

Yeah it makes sense to be holding BTC over Argo at the moment.

Well you keep repeating the same thing every week on here, that much I've noticed.

tkr, the big difference is that those 'covid stocks' are absolutely relying on covid contracts to keep afloat otherwise there will be even more discounted placings down the line. Look at ODX, they were trading at about 17p a month ago before sliding to 9.5p as the news around covid carried on lightening. Then Thursday rumours of a heavily discounted placing started circling which saw a steep sell off and then the following day the placing was announced, raising £7m at just 5p (same at 4p) taking the total number of shares in issue to 323 million from 182m and diluting current shareholders by a near 50% ! And what's worse a good percentage of that £7m is just to keep the lights on...

Six months ago ODX had the same market cap as we do today, I think our £120m is a tad more justified than theirs was then!

Yeah that is the case although what happens to arbk after 2:30 GMT doesn't usually determine what the open for arb LSE will be, it's usually just moving with the sentiment of nasdaq or the US miners.

Next time you're confused by a daily discrepancy try taking the arbk price, dividing it by 10 and then converting those dollars to pounds - ie $0.975 = £0.72

Many will have sold out after DA uttered the word 'April' for the update - it's really not that far away now as we move in to the latter half of February.

So are Estonia and Latvia and they are part of NATO & the EU. Isn't the point that a sovereign nation should be able to decide whether or not to join an alliance/treaty?