Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
What a fantastic journey we are all on.
Can’t wait for accounts to come out, dispute to be agreed and new sales figures to come out.
This is such a great company to be invested in right now.
Have a lovely day.
GLA
PBWU
Yes.
Can we please keep the moaning in the bedroom. ...Lol.
Looking forward to to another great day on the climb to Midcap status.
PBWU
GLA.
If you went to a lender to get a mortgage and the lender asked you what your income was and all you could show was 2019 income and a pile of debt I don't think many would want to lend you any money.
You could tell the lender that you are getting some pucker accounts in soon and you are just waiting for a dispute with your biggest client to be resolved.
The lender would say come back when you have accounts and the dispute is resolved and if your accounts show your income is what you say it is we can do business.
This is where we are today. We are super confident that the accounts will validate a significantly higher SP Valuation.
But until they are out an opportunity exists to fill your boots.
If Oxford Nanopore gets valued at £4b what are we worth? Certainly multiples of where we are today.
Over the past couple of months the share price took a pasting. This was all due to major uncertainty and disappointment over delays to accounts and the DHSC contract.
Things are looking a lot more certain and clearer now.
We were seriously oversold.
Novacyt is an exciting place to be invested right now.
The momentum is very much with Novacytians. Long may it last.
Looking forward to seeing new SP highs helped along by a few more cracking, (new style positive forward looking) RNS's
i'm expecting Minimum 100% rise from here before accounts are released.
GLA
PBWU DYOR
Hey Peka.
My Take on this is that it can all be explained by the fact that the accounts are not out yet.
I have an investment manager friend and I asked him what he thought about Novacyt. He said that it was not even on his radar.
I asked him to do a little digging. All he came up with was last years audited accounts which were based on 2019, still showing the company in debt and an income of less than £10m and the dispute with the DHSC. Two big red flags.
Once the accounts are finalised, signed off and in the public domain Novacyt will gain visibility amongst investment managers. My friend just sees this as a very speculative investment until there are audited accounts to look at. This is an important part of the investment criteria of institutional investors and a big reason why many of them are not invested here.
Obviously on top of this the dispute is not helping as markets hate uncertainty.
Once these two things are clarified we are looking at a MONSTER RE-RATE FROM HERE.
Plus all the other news to come. I'm not sure about Pork Chopsies £54 quid target but it will go to new highs in my opinion and soon.
Also on a positive note I really hope Oxford Nanopore gets a £4billion valuation. It would be absolutely brilliant for us.
GLA
PBWU DYOR.
Strong Close.
FOMO Friday....
Can't think of a better way to end the day.
Wishing you all a pleasant weekend.
I know I already feel so much better that things are getting back on track.
PBWU
GLA
My My What a ride this Novacyt has been....
No positive news for ages running the price down to scary low levels, shaking even the most dogged believers' faith.
But now today this RNS answering a lot of questions and restoring the belief that made us buy in the first place.
* 50 employees whose job description is dealing with the NHS in the UK. If they were all paid an average salary of £30k that would be a wage bill of £1.5 mil on them alone. How big does that contract need to be to justify that level of staffing???
* All those new tests.
* Indian Market breakthrough.
* New mystery Partner.
* No talk of US, Europe or Latin America and we are doing things there too. (Saved for another RNS maybe?)
This RNS has helped us to see past the present roadblock of DHSC dispute, as a temporary annoyance and the way ahead is a lot clearer and brighter.
The relationship with the UK Govt is not dead. It has evolved.
I am fully reloaded excited and eager to be part of the Novacyt transformation to a Mid Cap Global Diagnostic leader.
I will not be selling these Golden tickets in a hurry. This is a keeper for me. Covid is a part of the landscape now and the need for testing is becoming embedded.
Sentiment is moving our way again.
This time I think that it will be 3rd time lucky LTHs take note.
GLA
PBWU
I'm back in now too.
This is now ridiculously oversold.
I am reminded of the olde saying "It is a long road that has no turning"
When the upturn comes it will be swift. I am fully expecting this before the end of the month.
Woe betide you if you are not back in and miss the upsurge.
Avacta selling much less product worth 2.5 x Novacyt!! Nada....
We Must be at the MadHatters Party. Things are upside down and back to front.
Just a matter of time before things sort themselves out.
In the meantime try not to stress. Get some exercise. It is good for the mind.
PBWU
GLA
https://www.cityam.com/pentagon-funded-filter-that-removes-covid-19-from-blood-given-emergency-approval/
If you can afford it.
Not for the masses.
But interesting none the less.
PBWU
GLA.
So many many questions unanswered.
Before this RNS all the talk here was about the number of new positions being advertised.
Let's think about that for a second....
Does that indicate that the wheels are about to fall off the Novacyt Express?
Would all those staff be needed to facilitate what we have been told Nova sold the NHS so far?
Then we get this super dodgy TU.
We Pizz off our biggest customer..
Regarding Future sales they say No Visiblity!!
All the advertised positions are permanent!!!!
It doesn't make sense???
Not the Birthday present that I was hoping for.
Gutted Really. Will struggle to put this behind me, BUT GOT TO STAY POZZ
Better days are coming...
GLA
PBWU
Thanking You Kindly Airline Boy.
Just back from a 10k birthday run, enjoyed a bowl of cereal & caught up with some friends & family.
The simple pleasures in life. Lest we forget.....
Settling down now to a bit of working from home.
Hopefully Nova will come up with the goods this afternoon. Fingers crossed.
Wishing everyone here increased Joy, Health & Wealth in the weeks and months ahead.
GLA
PBWU
https://apple.news/AKtZxVCiJTRieIjtRDTJtdg
How is this even possible??
Billions spent on testing.
And yet testing company labs overwhelmed.
Come on Novacyt let’s do something Big here!!
Not long to wait now Boys & Girls.
GLA
PBWU
gggg.
That's Unbelievable........ Oxford Nanopore £7b.
I hope they get that float at that value. It can only be a huge positive for us, considering their revenue.
I'm so glad I managed to top up my ISA before Nova takes off again.
This time I really feel that the rise will be sustained especially when the market sees the annual accounts and the penny drops that these revenues have longevity.
GLA
PBWU
Last year on April 9th, My Birthday, Novacyt gave me the most fantastic birthday present.
It went up, intraday over 100% In The Day.
Plenty of champagne was flowing that day I can tell you.
Just topped up my ISA and bought some more.
With everything they have going on.
Looking for a repeat deja vu.....
Bubbles on ice.
Can't be long now.
GLA
PBWU
B2HS2L
That is actually quite funny lol.
PBWU
Very Well said SPQS
Succinct & to the point.
I agree whole-heartedly with your comments.
GM Please Take note.
Could also be a response from the French who see the Astra Zeneca vaccine roll out causing "back to normal" delays and more testing.
I would love to see the contract extension tomorrow.
I have loaded up a few more Golden Tickets in anticipation.
Fingers Crossed.
GLA
PBWU
Hey Deas.
From the R & D RNS February .....
Development of an antibody lateral flow test for COVID-19
The Company continues to work on developing an IgG antibody lateral flow test (LFT) for use as a rapid antibody test for professional use. An LFT is an easy-to-use diagnostic device used to confirm the presence or absence of a pathogen or biomarker and takes approximately 10-20 minutes or less to provide a result.
The Company expects to launch its LFT in Q2 2021, slightly later than planned as it has taken the strategic decision to develop a next generation of LFT to detect the neutralizing antibodies generated by successful immunisation and, therefore, to assist in monitoring the effectiveness of future vaccines3. The Company believes this exemplifies how it can extend the revenue horizon for COVID-19 as the demand for testing continues to evolve.
There is a Huge Party getting started. Novacyt are not sitting at home waiting for an invite they are part of the sound system.
It is inconceivable to me that a company that is working so closely with the UK government NHS WHO etc hasn’t got a good part in this Gig.
PBWU
https://apple.news/A8N0TAthjSNeiLBcATq6uRw
48,000 UK firms sign up for rapid testing!!!
Versa labs anyone??
We have got so much skin in this game.
So busy making & selling products, hiring staff
No time report to the market.
Does anyone honestly believe that Novacyt are not filling their boots here???
Admittedly seeing the share price fall over the last 6 weeks has been tough, but there are technical reasons for that, which has little to do with Novacyt as a business.
IMO we will not have much longer to wait for the turnaround & when it happens we will go through the previous high and sustain the rise as the technicals will catch up with the fundamentals as well as sentiment all converging to form the Holy Trinity that we have all been waiting for.
GLA
PBWU
It’s a glitch unfortunately
The French aren’t selling anything like what we are.
There is so much more to come with Nova.
You are invested in a fantastic share.
Rome wasn’t built in a Day.
Relax.
Take a few deep breaths.
Go for a walk.
Get a cuddle.
A glass of vino or whatever your tipple is.
Do anything else but don’t sell.
You will regret it.
The SP will be north of £10 in a few weeks if not sooner.
PBWU