Member Info for Laticfanatic

The problem with Ncyt is there are no significant large insti holders.
Therefore no pressure on the BoD’s and the reason why the agm struggled to get enough votes.
The SP went to £12 on the back of the covid testing frenzy and PI’s hoping to become millionaires. The DHSC fiasco obviously didn’t help but that aside the £12 price was unrealistic.
If the DHSC is resolved the price may get back up to somewhere around £5 but not before a lot have bailed out on the way.
Hopefully if the dispute is resolved they will use the money wisely to add a decent bolt on that can take the to the next level. Only when could we start thinking of getting anywhere near the £12 again.

Would doubt the new CEO will come in Monday and announce fantastic Q3 sales.
If it was me they would be watered down , lower base to start your leadership from.
Only way is up from there .

Amazing how PCR tests now giving false positives and LFT tests are giving better results than first thought.
Nothing to do with government change of travel plan criteria !!

Whilst pcr tests will no longer be needed for entering England a lot of people are probably not aware that all those booking holidays to Spain , Portugal etc will still need a pcr to enter these countries .
Not sure how much it will affect Nova re travel pcr tests but I don’t think it’s as much as people think.

Hope this is not a prelude to a poor update tomorrow !!!
Never good sign that ceo announces step down just before any news , assuming we are getting an update.

Surely with this news and Novacyt news we must kick that Chinese crap into touch.
Donate them all to 3rd world countries and see how eager they are to take them.

I seem to remember sometime last year there was talk of Novacyt losing the contract with the DHSC because they said the product wasn’t working.
It turned out that it was staff in the Norwich area not using it properly , Novacyt said at the time they would retrain the staff to use it correctly.
Could the dispute revolve around this problem !!!
Maybe the DHSC want a refund for all those machines supplied at the time.
DHSC say machines not working but Novacyt counter it was the NHS staff not using it correctly.

Was hoping for RNS this morning about dispute settlement.
Think shorts closed Friday because they assume as results now Tues they had done a deal .
Still hoping for that but not looking likely in results tomorrow.

Maybe why Avacta are concentrating on Europe knowing the prospects of achieving anything in the UK are limited.

I assume the government will now be doing what they have done with Novacyt & other UK companies - not paying them & asking for refund on what's already been paid!!!

Utter garbage ****ging government off over this.
We needed test by the shed load and the Innova test was approved and making them in the millions required.
NO British company had a test out and even now those that have only have limited quantities.
Hindsight is a wonderful but unforgiving quality and we would all be millionaires if we only knew at the time !!!!!!

To me this is a classic case of government panic.
They have bought as many tests as they could initially in desperation as they didn’t want to be seen faltering. Then they have either not used them all or as I suspect they have bought cheaper now and want a refund on the unused ones we’ve supplied.
Typical of our government , support the Chinese and stuff the UK companies.

https://bidstats.uk/tenders/2021/W18/750256532
Interesting, wonder if this is for Surescreen.
They are based in Derby & had limited capacity!!!

So the government pay foreign based companies for a nothing but won’t pay us for goods received !!!!!!

Notice on Abingdons update rns today they are having problems with the DHSC for nonpayment of test supplied.
Seems to be a recurring problem with UK suppliers to them , I bet they’ve paid upfront for all the Chinese crap they’ve bought!!!!

On Q4 earnings you have to assume either -
1/ they are not using the products delivered and want to return them
or
2/ they think they’ve been ripped off and want a reduction in price.
Could be a combination of both!!

The problem with the rns from Novacyt is its so negative about the future.
Markets hate uncertainty and this rns shouts 100% uncertainty.
The PR at Novacyt really is **** poor , yeah it’s bad news but it could so easily have been beefed up to say more about all the products on stream and their future hopes etc. Until we get a more robust rns about going forward the price will drift .
The problem now is it could end up a self fulfilling prophesy, more people will sell which will send the price south. Hope I’m wrong and they get a decent rns out this week with some positive news.

Yeah , couldn’t get on as usual when you need too. Had no probs with HL or Barclays.
In my ISA in AJ Bell the price of Novacyt is still showing as £6.89
If only !!!!!

Depends I suppose on exactly what’s unclear about future figures, is it £200M profit as things are or £500M if we get government contracts!!!!
I suspect the current SP is where it is because the markets see this as the value without government contract. Remember they are selling tests world wide and if they don’t get a UK contract ( I think highly unlikely) then there is still plenty for Novacyt to go at.
I suspect also that currently the UK government don’t know what they will need going forward and we could end up with an open contract of no specified quantities.

Don't think businesses will buy them , they will get them free from the government.
They have warehouses full of these useless tests but currently it's the only one available in the quantities. They government will dish them out to anybody and whatever quantity just to get rid. They have to clear the shelves to get proper tests in.