Member Info for JRDC

Bet365 have an offer of half your stake back on ew bets up to £125. I tend to do 5 * £25 ew bets and then lay off the win part, basically 5 * £25 freebets to place.

Yeah, all this time we thought it was the govt and dhsc being incompetent and fraudulent in not choosing UK tests, none of us ever considered the true reason to be ours was shoite and not even as good as innovas in real world use. Anyone can fudge a lab result, look at novacyt.

Anyway, its done, lft is hopefully over, move on. Incompetence from management has been staggering over the last 2 years, and has made Ava not quite the shoe in I'm hoping it was, but even Al can't fook up bams, elisa, ce submission, saliva test, LFT and AVA.

If you have a freetrade account, it appears as of this week if you hold shares in a SIPP or GIA you have to give permission for freetrade to lend your shares out. Shares in an ISA not affected.

We're assuming we're allowed to keep all that £102m. We'll probably know more after May, then hopefully nova can start planning for long term.

True, but nova are in the diagnostics area, not the far riskier drug development.

Ukraine situation has pretty much rendered valuations meaningless anywhere right now, who knows what the situation could be a week from now, let alone a year.

Novacyt mcap now equals cash in the bank, and it has no debt, so wouldn't hold too much weight on cash in the bank.

I've put a chunk in yesterday, just before the 30% fall. However my thinking is this,

Peace deal reached/putin toppled, SP shoots back up, shorters lose, we make some money
Or
Putin goes nuclear, SP goes to zero but shorters still lose as money becomes worthless as the World ends

In short, at this price we either make some money or we all die. Said to a mate, its like that scheme in Armageddon where Steve Buscemi goes to that loan shark.

There will be a bidding war between them and porky

No point selling now, the interactive investor trading fee is worth nearly as much as my holding now

This will soon hit £3 like we thought it could last year, just need to have patience.

Mcap that is, not SP.

Yup, one for the bottom drawer for a couple of years. If they can keep all that £100m, morals aside, then buying a / several businesses that fits in vertically with a growing 5-7% profit ratio to acquisition value would be excellent business, so £100m buying an extra £7m profit pa. Whether they're capable of negotiating value we'll perhaps find out. If they can't outgun dhsc lawyers they'll have their pants pulled down in corporate world now that their war chest is public knowledge.

Wow, absolutely shocking. I'm a shareholder, but with the corruption Avacta have had to fight against the DHSC and chinese back handers, if only part of this article is true I hope nova are crucified, absolutely disgusting, utterly shameful. I hope they use the £100m cash balance to make things right, I'll be remaining a shareholder to hold them to account.

Absolutely crazy mental mcap.

95.8m revenue, of which £13m is none covid. Approx 40% EBITA so over £5m profit a year.
Apply a typical ratio for the sector of 15x, and thats £75m, thats if covid disappeared over night and one bought or performed another PCR test in the world. Add on our £100m cash, and thats £175m.

Absolutely crazy, i hope it still this price come 6th april

With Russia and Ukraine about to kick off, wouldn't surprise me to see it finish red again

I might need a placing soon. This share has cost me near £500. That's a bottle of glenfarclas 30 year old. This goes any lower I'll end up with a bottle of bells.

Feel sorry for those that took this share seriously. Knew it was a huge punt at 50p, thought it might have bought me a nice whisky for queens jubilee :D

Covid could be approaching end game, still no acquisitions, still no post covid plan. Sure testing will still be required in clinical settings, great for Abbott, but nova need a plan b. SP has never recovered since GM said unable to predict revenues next year, let's hope they don't repeat that ever again.

If Dave is taking this long to get to know the business maybe they've chosen the wrong man and should have promoted from within.

If not all anti bodies are created equally, presumably they'll need to try a selection to see which work with our test, build a batch of tests each time, get them lab tested internally, then get them independently tested before giving go ahead to whatevers left of Abingdon to get producing. Even if they strike gold first time, I can't see this process being completed in 3 weeks. I think even 3 months is optimistic going on past experience.

Would love it to be a quick turnaround, but all my optimism has just been destroyed. Here's hoping some excellent ava news in next month or two will get us back towards a quid. Would be nice for just one of their projects to turn out OK, I'm not asking for much.

Neale Harvey just been on, name dropped omega a few times and mologic

Maybe govt asked Al back in Oct 2020 when they met with nova, oxford nano, lumi and a few others if they thought TT with abingdon would be completed before 2022, and Al laughed and said "no chance, but soon though".

I'm fed up of it all now, cant even be arsed to listen in, forget LFT for UK, just been a waste of time and money, and a huge distraction, theres zero chance Avacta will be used in UK. Maybe medusa will turn out to not be complete useless t0ssers after all and bring in some revenue from EU to at least cover what was spent on development, but with the influence China has who knows.

AVA is going to be the main SP driver this year, and hopefully some juicy affimer licencing deals

https://www.thesun.co.uk/news/17223146/positive-diy-lateral-flow-pcr/

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