Member Info for Laticfanatic

Long list of companies including Avacta & Odex at Medica 2022 this year but can't see Novacyt !!!
https://www.medica-tradefair.com/kati-cgi/kati/vis/custom/ext2/download.cgi?ticket=g_u_e_s_t&lang=2&fair=medcom2022&dl=html

Yes it was met but underpinned by the DHSC contract !!!

I would doubt that watertight contracts exist, there is always points that can be argued the other way !!!
IF Novacyt were found to have deliberately misled the DHSC then I would think there could be some comeback on GM .

Clonit t/o 6mill euros with ebitda 2.2 mill in 2021.

My take on it is that the government are dragging this out waiting to see what happens during the next few months with covid. If it starts to take off again I can see them doing a deal with Nova along the lines of - we'll give you a contract for testing for xyz but we don't pay for all the outstanding monies we owe.
Could work for both parties and save face.

Covid not over yet !!
https://www.theguardian.com/world/2022/sep/23/uks-autumn-covid-wave-could-be-worse-than-the-last-as-cases-rise

Not £20 mill though , over the past year we’ve spent more like £100m on buyback and SP has plummeted. I know the markets in general are dire but a divi would have bolstered the price much better.

Another waste of buybacks announced.
A divi would be much better than these city boy pocket fillers.

NHS stopping testing now , only those with symptoms will be done .
Is there any goods news about for Nova ?

I don’t understand why we’re not buying somebody with the £100m that’s earning enhancing , I hear some say they are saving it in case we lose the dispute with the DHSC but IF we did lose we are toast anyway.
To me we have wasted 12 months more whilst the cash just burns a hole in their pocket.
Get it spent on somebody that will take this company to the next level ,or as I fear are the BoDs incapable of that !!

Had anybody here done any research into pricing of tests. Nova are 1st responders in covid & Mpx tests then seem to get left behind.
Is their pricing policy far too high hence the lack of sales or contracts ??

The way I see it is that there is probably 2 reasons that Nova could lose the dispute,
1- Faulty product with no back up
2 - contract so watertight in DHSC favour.
Given they had promate as back up & the government as so incompetent I doubt either of those apply.
IF it was one of them then they would deserve to get hammered.

Probably why they have given themselves the huge wage increases!!! To cover the losses from their share purchases.

Just read a good article about Surescreen in Derby. How many millions they made from the government on LFT's .
What a great UK diagnostics company they are and obviously didn't get screwed over the DHSC.
So what did they do differently that Nova & others couldn't???

Wasn't the dispute more to do with the NHS staff saying they weren't properly trained to use the test so they changed it for primate ??
The government then turned round and said the product was not working when in fact it was the staff not using it right.

Just have to hope that they win dispute and invest money wisely on a good bolt on addition.
Given their previous form I doubt the current BOD's are capable of that though !!

The one thing that’s kept me going here was the expectation of winning the DHSC dispute. Thinking the government are so incompetent regards contracts that Novacyt must win the case , after this shambles I’m beginning to think otherwise !!!

If they're suing us for defective test they should have no trouble getting £billions back from the Chinese for all their ****e tests they supplied then!!!

Wasn’t the approval process what the private eye article was allegedly about ?

You have to assume that if the do get extra money from the dispute it will be used to buy an earnings enhancing bolt on .
They need to spend it wisely and diverse a little.