Member Info for HarChris

@byp i'm not going to argue that you're wrong, the slow bleed of the share price is very real. I don't think we'll ever drop to an mcap equivalent to our cash pile though so no I think that gap should be ignored for now(just my opinion). Will it go lower than this new low we have right now? In truth... probably?! I am still adding a little at each new low having just bought 5 mins ago below 234p, it's of course risky but equally so I feel confident that the silence is simply the new CEO getting his house in order rather than something to worry about... I sure hope so anyway!

By stable I mean possible for an II to start building a holding without spiking the share price too much, something that wasn't possible at any point in the past eighteen months. My post was more a thought / question than any sort of suggestion that we are going to see IIs buying in soon.

Has anyone here followed a micro cap through its growth journey to midcap and beyond? I assume that most of these microcaps are initially backed by a couple of IIs who, over a period of years, continue to increase their stake in the company which helps facilitate that growth journey?

Don't you think the rise from 10p to £12 in a matter of months made that normal route impossible? You can't accumulate a decent sized holding with share price action and sentiment like that - you start buying at £2 then suddenly it's £5 before you've even finished buying your first tranche.

With the share price now relatively stable and at a far more modest level perhaps this will be the opportunity that IIs start building a meaningful stake in the company?

I saw him write that he'd sold at 120p and was waiting for the US to open to buy back in - hence posting all day in between seems orchestrated. But fair enough, I'll leave it at that, makes no difference to me right now!

That's not the issue Hexam, it's the volume of posts that is frustrating and it's a deliberate attempt to drown out positivity.

@the_chuz all views should be welcome, both good and the not so good but it is extremely grating when the uninvested take up so much of the discussion with constant negativity.

I've been on the sidelines again here after selling on Tuesday and would like a lower entry to buy back in but I never troll the board or try to spread doubt, especially on days like today when there's lots of uncertainty - it's just rather nasty that's all.

More to the point I just thought it was a bit sad advertising it in such a bombastic way, especially the other posters who seemed oh so sure they'd immediately see an entry back in way, way lower.

Each to their own I suppose.

No it is widely accepted that covid is one more endemic pathogen to add to the list of respiratory pathogens we have to deal with on a yearly basis - except at least twice as infectious as influenza. I'm sure it won't be the last novel virus either...

All you clever bunnies proudly advertising your 120p sells are able to buy them back for just a few percent more now + stamp duty.

Traders are always itching for a reason to sell off to buy back in cheaper, shorters jump on anything with a whiff of negativity. This was all a bit amateurish so will be preyed upon - as I said probably a bit of a sell off first thing (as we're seeing) but overall not an issue whatsoever.

The thread does say 2 years young donald not two weeks.

This is obviously going to drop first thing but it'll only be a temporary sell off - expect to be back where we are next week.

It sounds like you've doubled down at these low prices, something you were mulling doing recently? Good on ya!!!

If you're right about nothing coming close to matching novacyt's Q machines with Co Prep then at the very least there is going to be interested parties who would know full well how valuable it would be to be in possession of such tech...

If our products are unrivalled novacyt will either thrive on their own or be bought out...

Sorry, I mean I have to shut out the voices in my head that make me question whether I'm making the right decision or not created by doom mongers and fear merchants and in truth, the falling share price. This is something that most have to grapple with when going against the grain and investing in an unloved company so being able to focus on cold hard irrefutable facts, such as poidster just shared an hour ago about rising hospitalisations, is very helpful.

I agree with you in theory but it takes a mentally strong person to not doubt themselves whatsoever.

Well when it comes to investing there are no certainties - as I continue to add now to my holding I have to shut out the voices on twitter ridiculing long term holders etc and focus on the reality I see that is yet to be reflected in the share price.

Posts like poidster's earlier are so important as they help us to remain focused on what we believe is the reality and shut out the inevitable doubtful voices in our head that a dwindling share price creates - we have taken a position (especially those continuing to buy now) somewhat contrary to what the market is telling us, we are showing conviction and only time will tell if we've made the right one or not.

The image of this as a 'covid company' is holding us back as it's easy to spin a narrative that novacyt may revert back to the small minnow it was 18 months ago if covid revenue were to dry up. The broader issue is one that simply can't be sorted just yet, one of a lack of longer term guidance/outlook - that void is always filled by our imaginations and is not always a bad thing - like last year when times were good (for novacyt) wild projections were thrown out like £600m revenue in 2020, £1.1b in 2021, £1.3b in 2022! which created excitement and hype and stimulated buying whilst now when times aren't so exciting you get much damper projections and the uncertainty becomes a major negative.

The company is in great health fundamentally so there is no rush for the CEO to sort out this broader issue but we can be certain that over the next 3, 6, 9 months the vision and path ahead will be made considerably clearer to the market than it is currently and that imo will unlock the value here.

When you look at it like that southcoast it really is quite striking but there have been a few placings in that period.

Still, I think the IPO in 2014 gave boohoo a market cap of £550m and today the market cap is £.245b so 4.5 times higher - back then revenue was around £140m and net profit in the single digits...

Why would a PI who has lost all trust in a CEO/BOD and with a small enough holding to easily liquidate their position continue to hold shares in a company? They surely don't think that they'll be able to stage a coup on an internet forum do they? Even if they managed to get enough people together to put pressure on the board to sack the CEO that would likely cause a negative reaction to the share price in the short term anyway...

Not trusting a CEO is almost always a 'pull holding and sit on the sidelines until change happens' situation - hence the majority of us on here are happy with the BOD and do indeed trust Fortune to take BMN to the next level.

That's not true necessarily, if BTC were to surge like it has done in the past then argo would go ballistic again in the short term. In those rare incidences miners always move ahead of the price of the commodity they mine - you'd have a chance to cash out with huge gains or gamble for even greater multibagging.

In general yes I would say that uninvested individuals with an agenda to see the share price fall are dearly unwelcome - those invested are invited to share both their positive and negative views.

These forums would be a mess if everyone bombarded the BBs of all the companies on their watchlists in order to create fear and uncertainty - i've got nine or ten on my watchlist that I'm interested in when the price is right but I don't go on those bbs to to try and drag it down for my own personal gain...