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MrBig, the US is a rich nation and the things we did to them they are presently doing to others. It is potentially a massive key market for our products, and that includes post covid. As for the bickering about who is who on this site, get over it. Too many over inflated egos looking for a recommendation. There is some great information in between the soap opera, and I am guilty of not really adding any of the really useful information to the board. I don't make my decisions based on £54 or £1 predictions. I use all the available information then put my big boy pants on. None of us get it right all the time, welcome to investing. :)
This experiment it seems Porky is also being taken up by the retail sector if my visit to Sainsburys yesterday was anything to go by. I noticed at the self pay machines all the protective dividers between the customers have been removed. It isn't the case at the cashiers desks tho. It seems they value their staff more than their customers. It's all 1 big gamble, and I think we will have to be there to mop up the mess. The day will come where social distancing isn't needed. That day isn't here yet.
Whilst we are all suffering from more than a little disappointment in Novacyts share price at the moment, let's not forget the achievements. We are still making significant sales. Whilst we are predominantly a pcr test kit manufacturer at the moment we are about to launch a NEXT GENERATION LFT kit whilst other well established players are still to get traction on their 1st generation. Let Richard Branson know, cos we are about to go into orbit. Sorry, should have started with THIS IS A RAMP. Nothing wrong with being a little bit positive. :)
I REALLY want you to be right Porky9. At £36 a share I could retire from residential painting and go for a completely different career direction. I am keeping myself grounded this time around. For those in later I do believe that you are going to experience the feel good factor from this company very soon. I can understand the sentiment if you only see the share go 1 way. First mission, get out of this narrow trading range which is a traders dream. Catch them out with a big rise to stop the regular selling and repurchasing. More shares in sticky hands.
Apologies for my negative comment yesterday. My friend had a positive test and her sons local school has closed early because of another outbreak. Should just be enjoying the freedoms that we have and stop looking at the national stats, just wishing the government were actually following them themselves. Plenty to be positive with in this investment and yes I was wrong, they are updating us. Share price is on the best part out of their control. The new sales force will be active as we speak. In a few weeks time really looking forward to the new test launch, that's when things get exciting. Many chances for positive news before then. Will be checking the 7am rns lists just in case as always.
It's groundhog day. We can't discredit the rampers because the forecast may be true. The derampers are also given ammunition. GM, I know you read these messages so just give us something to go with. If we the investors who have done lengthy research have little to go on then this is why the market doesn't appreciate the true worth of the company.
Covidopportunist, just to emphasise that these are people with high viral loads and showing signs of symptoms. Many don't show signs, and certainly not at early stages. As for the 89% accurate for finding negative cases, that's 11% of people that have to self isolate until the big boy tests are used that shouldn't have to. It's a very selective research. PCR is still way more effective.
It is my belief that supply and demand doesn't have a level playing field at the moment because it doesn't take into account quality. By giving a discount we can maximise the situation, it's a damn site better than £8m a month. It also gives the government more reason to use a product that can effectively find the virus in whichever mutated form and stop it closing down UK plc again. We can live with this virus. We can't go to Innova pricing levels, but we can make it more attractive for DHSC. If we donate a few percent profit margin and still make more money than we would have made before in order to control it then I am all for it.
I would be more controversial and say if DHSC wanted a new contract with discount (as long as it isn't too steep) then go for it. Apply that discount to other parties. I would prefer higher volumes and lower margins. It's still a high margin industry. Would pay better in the longterm in my view. Move with the times. There is more competition, act like it.
Hamster, I can't pretend to know what will happen but if the scientific body say there is not enough PCR capacity whilst we have capacity which the government doesn't take up I can only hope for PR backlash. A win win in my book. We are in a position to help keep this country open.
Well, I live in East Anglia and this town has faired better than most through this epidemic YET one of the small local pubs has just had to close with 6 cases of covid. This is whilst the numbers nationally are very low. It has been an eye opener for me and a reminder for extra precautions at work, regardless what Boris decides to do.
I would love to be wrong about the situation, but......... Not going to put a dampener on the football result today. Social distancing is an issue for another day, let's say Monday after the final. After that I will continue questioning the governments decisions. They are brave, I give them that. Time will tell who is right. We have already been told the numbers are going to go up significantly. It's just a case of how much by. 1 thing I am confident of, this country needs testing of the PROFESSIONAL kind. Orders from the NHS framework greatly welcomed by us and the country. :)
They continuously compare hospitalisation numbers to the death rates. Look at the graph for last year, almost identical for hospital numbers. They thought it was all over..... Just more testing now so positive figures are higher, only on paper. Sorry to say, but I believe the next wave is coming. Gonna enjoy the real world stuff in the meantime, going to wear my face mask in crowded areas til people no longer accept it or the numbers back up the government's optimism.
This is a double edged sword. If the scenario that Novacyt, the company that's well ahead of the curve, is correct as I believe to be the case then numbers are going to rocket in the next 2 months because of government actions. Great for the share price, another lockdown is not an option. The people won't have it. Testing is the only way, time for a few crucial wins for England before they reign in the football crowds tho. :)
I conclude it's not just through school children they are looking for herd immunity. The Innova tests are a way of testing, but not really testing. Beware of the official figures. Officially we have a reasonable number of positive cases but few deaths. Let's not forget that testing was still in it's infancy this time last year so the actual number of cases was realistically much higher. Fingers crossed for the next few months. If this is the course the government wants to take it's a big gamble.
At today's prices I believe there is a benefit to lowering the number of shares in circulation. Until the market gets to grips to the real value of this company it is a good investment. I agree that spend too much and its detrimental. That's why I believe £10m share buy back is a sound investment. When the time comes, slowly release them back onto the market.
Of course we are being kept in the dark on acquisitions. They have stated a clear intention on organic non covid growth. Should opportunities come up they will go for it, no warning just a share friendly RNS.