Member Info for HarChris

Finally bit the bullet, cancelled my buy limit order and bought in at 119p instead - r/r far in favour of reward at this price and planning to hold for much longer than my usual short term trade.

Gl to me and to all!

If you want your trolling to have some effect harrybarry try writing a bit more coherently and perhaps hold back from spamming the board - it just makes you look unhinged.

Actually sorry for trying to wind you up - enjoy the break from here !

I thought you said that last week too Brentw?!

Bitcoin had risen about 500% and argo 5000% in the same period if i remember correctly, did that not make you question whether the share price had got a little carried away with itself?!

My take is this: it's not easy to regain sentiment and momentum so probably not during 2021 -I think a good chance within six months though. If the right factors come together then when the share price does get moving it would very likely fly way past £5 however.

I'm sure topping up again today would be the soundest thing to do long term but a small part of my investing strategy is focused around making myself feel happy and comfortable - and knowing that if the worst case scenario played out and this went towards £2 I could throw the kitchen sink at it makes me feel calm!

I'm in the camp that is holding back just in case there is an attempt at driving this down towards £2 - always puts me off when I see the hawks on twitter circulating.

I'm happy with my current holding now anyway.

Can someone spare a thought for my 20k share buy limit at 114p please?! Day after day BTC has risen and I assume the chance has gone and then Argo goes and teases with me with further drops.

Would a little more be too much to ask?

Big hero was out yesterday... you do know this isn't the hokey cokey?

I think many on here are past caring what it drops to as they aren't buying anymore anyway and are seeing it through to the death!

So 20% down on last month? Much bigger drop than Hive, Riot and Bitfarms but less than Mara and hut8.

Let's remember a very important fact - at the end of 2019 novacyt had £1.54m cash at hand. However talented your employees are, however innovative your ideas, it is extremely hard to drive revenue growth with such minimal funds.

There is significant uncertainty going into 2022 and beyond but I've seen enough ability at getting products quickly to market to put my trust in them to develop this business enormously.

zydecco yahoo is wrong I think. On those days the trade highs were 233p and 245p. According to HL the peak for Argo came on the 18th February - it opened at 322.5p, hit a high of 340.53p before closing at 280p.

I suspect once this settles T Rowe Price will continue to accumulate.

Sourcebio are every bit the ' covid company' that we are so this is one of the purest comparisons out there
Revenue 2020 - SB £51m vs £277m
Profit 2020 - SB £3m vs £ 132m
Revenue H1 2021 - £37m vs £54m (ex £40.8m)
Cash - £17m vs £77m

Their H1 looks good but it's all PCR covid testing so they will be hit every bit as hard as us and will be left with just a fraction of our cash. They had to release a statement following the change in travel testing because most of their revenue in H2 was being generated from that. So did they drop to close to cash now that they make all their money from covid and are about to lose their biggest revenue source? No, they've maintained a healthy market cap of £99m (6 x cash)

Unlike the massive bulls on here I don't think right now we should be valued at £10+ but I do think all things considered and with the extra benefit of a positive result from the resolution still a likely possibility that we should be commanding a share price at 5 or 6 times our current cash balance...

Why do they need to act now? What will happen if they don't? I'll tell you what will happen, the share price might drop to £2 a share and the company will carry on as normal. Profit will continue to be made, acquisition targets will still be chased, new avenues will continue to be explored.

Graham's tenure can be seen as having transformed this company into one that has a fighting chance of becoming a global midcap diagnostics business. At this point the share price is irrelevant, he leaves this company to the new man in extremely good health heading towards a period that will determine both the success or not of the business and the share price.

Let's be honest, the market has discounted our revenues from day one because they were chalked up as 'covid revenue', what comes next is what matters - get it right and there's every chance of seeing massive, massive returns from here.

Coming back to the ridiculous placing talk earlier... the margins are so good for diagnostics across the sector that even with acquisitions our cash pile will likely remain high long term, reducing any risk of a placing at any point in the future.

Diagnostics is a high margin sector with huge growth potential hence the very large P/Es many of noavcyt's competitors currently command.

In my opinion the reason the share price is where it is is because shorts jumped on the volatility that the IPO created. What they didn't bank on was bitcoin simultaneously going on a run and that's made driving the share price down to the IPO price a lot harder than it would have been otherwise, but they're giving it a bloody good go.

One of two things is going to happen - one they get their way and this is pushed down this week after the operational update to around £1.10 before the grip is relinquished and the share price shoots up or bitcoin's rise brings enough buying pressure to force a short squeeze. I held off buying because I thought the former would occur but this bitcoin rise is starting to become significant and push the odds in favour of the latter...

You've got to remember that miners never mirror the commodity they are mining. The current price of a commodity doesn't really make much of a difference if the miner isn't immediately selling that asset, the future price of the commodity is far more important.

Having said that bitcoin is looking strong and the trend is positive so something is going to give soon.