Member Info for HarChris

I want to see a material difference from David Allmond that shows he has a clear plan to build a successful company and steer the share price back to a level that sees us all profiting. I do not expect to be convinced of this within the first week of his premiership.

I don't care if the news void leads to it dropping a little lower in the meantime.

Despite being called a ramper today I was on here Friday doubting there was any substance to the rise whilst others were convinced it must be a leak or some sort of insider info. It seemed to me like the traders waiting on the sidelines started buying in after days/weeks waiting for it to break below 250p. They probably also banked on some communication from the new CEO that would give it an extra kick but it never came and has drifted back once again to 250p.

The same cycle will probably repeat especially as more days pass and the chance of an RNS increases.

He's stated 'retired CEO' on his linkedin so yes he is retiring.

Retiring for a CEO doesn't mean a lifetime of travel and pottering around in the garden, it will often involve work of some kind such as advocacy but at nothing like the intensity of a CEO position.

Hi mogwhy, please could you update us on what’s happening at Vametco since you are so very well connected.

Many thanks

Why should it have been resolved by now? If the company end up winning the dispute it will make a material difference long term and will have been worth it. You’re all acting like the novacyt story is over but they are still making good money and have enormous financials means to transform the company.

It’s a real shame that the ones supporting their investment are the ones being targeted now. I don’t throw out silly share price targets, I simply try to highlight the reasons why we are where we are and focus on where we will be with a little more time…

Why don’t you focus your ire on the ‘rampers’ that were here Friday and gone by Monday? Perhaps they are the ones with ulterior motives whilst the rest of us just want to support our investment whilst everyone else trashes it?

Personally I would never hold shares and slate the company, I would sell and buy back when I’m happy and confident in my investment. Each to their own I guess.

There are obvious trolls appearing that aren’t invested and are enjoying agitating those here that are. There are others that are just frustrated and feel better venting. As it happens I do think @byp is in the latter camp and is just peed off

Yes it’s true that they need to adapt the business but there isn’t any hurry for that, we aren’t burning through cash, we won’t need to raise money (that’s right Dunc) if they take a bit longer to lay out their longer term strategic plans

How can you say that? How on earth has he put the true owners last? He’s only been here a week. I think it’s fair for him to assume that true long term holders will be willing to wait more than a week or two for him to start showing his hand.

No what is really happening is those underwater are itching for an exit price which they thought they might get with a big ‘new CEO hype spike’ and it hasn’t come. They are now frustrated and venting once again …

It is so so frustrating but we have to accept that the share price is not going to be the new boss’ immediate priority. I don’t think it’s even going to be in the back of his mind, it’s genuinely irrelevant right now. They don’t need to raise money, it does not affect day to day operations one iota. If anything the lower it is the better if they do engage in share buybacks.

We have no choice really but be patient or sell. It’s not easy but it is what it is. At least we know that when they decide to switch gears then this will move in a flash…

Buybacks would be an enormous vote of confidence from the board and be the biggest signal that we are grossly undervalued.

I do hope you're right Dunc!

Well by all in I do really mean move all the cash I've been holding back in my portfolio into novacyt ready for the increased news flow here. But yeah very much agree with you re resurgence in sentiment.

I really really think the market has this completely wrong and I'm getting into going all in territory... I know there is uncertainty ahead but virtually no company on AIM has net cash of £100m. It's such a phenomenal amount of money to have at their disposal.

We are being treated like one of the diagnostics that got a little cash boost last year from selling covid tests when in reality we made more profit than most AIM companies will make in 40 years!

Chris let him talk to himself, anyone with half a brain knows he's talking twaddle.

Davand I'm sure yourgene is making great strides but it's still a very helpful comparison for novacyt holders. Both companies threw most of their resources at the pandemic last year and novacyt came out of it with £133m profit after tax and yourgene finished up with a £12m loss.

We have reason to believe the difference in market caps will be greater than the 70% it is today.

Good update for them but even more interesting read across:

· Positive adjusted EBITDA* of approximately £2m expected to be reported when unaudited half year results are published around mid-December 2021 (H1 FY21: loss of £0.2m)

Mcap £107m

Share price means nothing by itself, market cap = share price x number of shares issued.

Compare market caps not share price.

'Without Covid Testing, I'd say it's worth what it was pre-covid, which is about 10p a share. **I** believe that covid is here for a long time, but the market seems to disagree with me...'

You are joking, right? You must be. No high margin business on the face of the earth could have no debt and £100m cash and be valued at £9m (pre-covid valuation). They were valued at £9m because they had large debts and no ability to raise money as the share price was so low, the sort of capital they now have would change the fortunes of EVERY aim company.

I don't think this is a sure bet by any means but it would take a MONUMENTAL f up to ever be valued what they were pre covid. Covid is a once in a century event and novacyt were easily the UK's biggest winners.

Mr Big summed it up better than me. There are more exciting stocks on AIM but at this price it is about as low risk as it gets. Right now the worst case scenario in the short term is covid revenue drying up and the company being left with £100m to leverage the new relationships, distribution channels and bolstered workforce to build out this business- the BOD is far more experienced than it was pre covid and they are pushing hard to become global leaders in point of care testing as well as leading the way in bioinformatics.

If that is more or less the worst possible outcome it really isn't that bad.

The best outcome is the covid/multiplex cash cow continuing for many years still, the DHSC dispute resolving in our favour adding millions to the cash pile + all that listed above. In that scenario we cover the current mcap just by cash alone by mid next year (assuming no acquisitions)