The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
@PI100 We are singing from the same hymnbook. Little appears logical about this share and even seasoned investors here appear completely flummoxed and perhaps banking on a big increase should the DHSC issue reach an amicable settlement.
Many here state again that our SP woes are solely due to the DHSC contract mess and give the impression that once this matter is resolved that the SP will soar! I am not entirely convinced. Whilst I agree the SP is likley to increase considerably, what if a large amount of shareholders breathe a huge sigh of relief to break even and sell never to be seen again thankful to be out of AIM and this so frustrating share. Others will sell making a substantial profit. What if the SP then plummets to below £4 again and IIs still show no sign of investing? One cannot rule out this scenario and it may take many years for the company to establish itself 'bigtime' so the current shenanigans may well continue leaving a lacklustre SP. So many 'experts' here have called this share wrong that nothing would surprse me.
What a charming chappie you are troublesome. When Porky posts, one can safely bet you will chip in with a supporting comment.... thousands of them in fact! You conjure up an image of either a pet parrot perched on his shoulder or a puppet whose strings are manipulated by him. I guess you have little else to occupy yourself. Life is too short so it's the green bin for you I am afraid where you can chirp away or robot dance to your hearts content :) Have fun!
I would welcome and endorse a Company share buy back as it seems to be one of the few ways of increasing shareholder value. The saliva LFT clearance etc will probably increase revenue big time and momentarily increase the SP which will again be quickly decimated by all the backroom skullduggery. As has been mentioned the DHSC contract dispute could run well into next year -- it's anyones guess and we are unlikley to get any guidance from Nova re progress. I have dismissed the ridiculous SP broacasts repeated by Porky and a few others to the point of an obsession and frankly ignore his posts now -- they just irritate me and many others - he is simply playing his own little game. Hopefully I will breakeven perhaps with a smidgen of a profit sometime next year and then its good riddance to AIM!
@Kaeren 'Once I sell Novacyt I'm out of aim'. I suspect that goes for many on this bb K. I will sell over half when (if ever) I break even and the balance when I make a reasonable profit -- large enough to cover the considerable losses through selling many other shares to buy NCYT - all of which would have made me a good profit (woe is me) as three were the subject of take overs -- can you believe it! I keep hoping Nova will be a fourth!
@Rcdm. A very sensible feet on the ground post. We must not get too carried away with Nova. I am sure that some IIs are perfectly aware of the situation and the DHSC albatross round the company's neck but still, despite its healthy finances with seemingly lots more to come, they are hestitant to buy in at these so called low levels. You have to wonder why they are virtually all holding back as the SP cannot surely have much further to fall. Must confess, I am now looking towards next year to hopfully break even when I will sell at least half my substantial holding and balance my portfolio. There are many other worthwhile stocks around with far more stability.
I have a gut feeling that Kaeren may be right in that GM will want to go out with a bang. Doubtless he and colleagues are pushing very hard to reach a settlement on the DHSC contract before he goes so it would not surprise me if we get a RNS before or on that Wednesday -- a popular RNS day with Nova. If so, this more than anything I imagine, will open the floodgates to IIs investments etc and set the scene for a lucrative future from pending saliva LTF and other important diagnostic areas. Not long to wait now!
... is the seeming lack of interest/investment from II's considering Nova's enormous potential on the world health diagnostic scene. Is the feeling that this is solely attributable to the DHSC contract mess? If so they, like us mere PI's, must realise we are close to a solution which begs the queation why are they are still not dipping their collective toes into the water given the low SP. The recent excellent Investors' Meeting must also have put minds at rest not to mention the immminent release of news on saliva LFT test front etc. All rather strange. Thoughts anyone?
The post heading was self explanatory and gives credence to the worsening Covid situation which is now being eclipsed by the Afghanistan situation. Just skip over if not interested. HKK - sorry to hear about your worrying health condition.
I am particulalry looking forward to seeing the eventual benefits of our new CEO to Nova with his background in Corporate strategy development, business development, global marketing, global market access & global business planning and analysis. This area in my opinion needs strengthening and our light has been largely hidden under a bushel. Doubtless he already been planning a course of action in his mind. Quote - “I am excited to be joining Novacyt at a pivotal phase in its development and I am looking forward to building upon Graham’s outstanding work with the business over the past 13 years. Novacyt is poised for its next phase of growth and I am confident I can lead the Company effectively through this period, working closely with the excellent management team and Board to make a significant contribution to global health and deliver sustained and ongoing value to our shareholders.”
Roll on October!
Kaeren. ShaunP's last but one 'savage' post was the biggest surprise to me. He actually showed some emotion and here's me thinking he was an officer and a gentleman :) As Jimmy Greaves used to say, 'It's a funny old game!'
Will the momentum continue or gradually fizzle out or rocket with an announcement on the closure on the DHSC contract or a saliva LFT release? Will VanV/ShaunP return in contemplative mood? Will Porky finally admit to being GM and thank shareholders for their contribution towards a golden retirement -- all will be revealed soon...
Docdaneeka, Meelie and others - many thanks for your input. I do keep up with most of the posts/RM and Holgate interviews by the way. NCYT also went through a manic period with a 60% drop in SP due to a refusal by the DHSC to pay for certain products. I held my nerve then when many bailed out and it's all coming good now so the chances are I may do likewise with SNG. Part of the problem with NCYT was a lack of communication from the BOD and a poorly worded RNS. This may sound a naive question but laying aside Covid, does SNG have any distinct advantages over competitor products re other serious respitory illnesses?