Also, assuming that the full year results are in line with consensus, DHSC dispute put to bed and strong forward looking statement outlining future plans, I guess we can expect Numis and SP Angel to revise their consensus/recommendation over the coming days.
Mr Big...Exactly! If the arbitration had come to an end and the talks had failed this would have to be announced immediately. The most likely current scenario is that DHSC have made a firm offer, an offer that NCYT shall formally accept and announce to the market in the coming days.
Urraca, Yes, NCYT would have to make an immediate announcement should the dispute be settle, however there may well be a firm offer on the table from DHSC which the company has not yet formally accepted, my guess is that an offer arrived earlier this week, formal acceptance of that offer is now likely Today, over the weekend, or Monday.
Perhaps this week has seen an offer on the table from DHSC, an offer which NCYT are officially considering, although the board have already decided to accept, hence why the results have been brought forward.
The plan being to formally accept the DHSC offer close of play Monday and to formally announce Tuesday at 7am along with the full year results.
RE: For a more positive outlook...17 Jun 2021 08:03
Deas, The article clearly states testing still required...... Officials are drawing up proposals that could allow people who have had both Covid jabs to avoid having to quarantine on their return from amber list countries, although they will still have to be tested.
https://twitter.com/chrischirp/status/1404001769475223552 it's not Restrictions vs infections. There are many things we could do to get cases down that aren't restrictions - and low infections is best for schools, best for unvaccinated and best for avoiding new variants. Govt has consisently not done them.
If the govt want to "proceed irreversibly" then they have to take a *multipronged* approach to tackling #covid19, which INCLUDES scrapping travel traffic lights, comprehensive quarantine, supporting self-isolation, better ventilation in public places & facemasks in 2ndary schools
Has is it? In my opinion we are still in arbitration, which is the first phase, although hope someone can prove me wrong.
Common forms of ADR are:
mediation, where an independent third party helps the disputing parties to come to a mutually acceptable outcome arbitration, where an independent third party considers the facts and takes a decision that’s often binding on one or both parties.
Anybody else concerned about the number of Q16/Q32 delivered as part of the DHSC contract? The numbers quoted as of 09/02/2021 are 132 Q16 and 38 Q32, seems awfully low considering the ramp up in production quoted within the November RNS and the fact that NCYT now have a team of 50 supporting the NHS.
The low number of Q32 is a concern. The September RNS stated 'This first phase of the contract will involve the immediate deployment of 300 PCR instruments, related kits and support services with a minimum value of £150 million for the first 14 weeks.'
Is it any wonder that the contract is under dispute if NCYT underdelivered 130 instruments. I'd like to think that the reason we underdelivered, is due to the DHSC applying the breaks back in November 2020, perhaps refusing to take further deliveries due to the initial teething issues.
Wonder whether NCYT supplied further instruments post 09/02/2021 and whether Today we are selling the instruments direct to the NHS?
November R&D update stated: Further to the announcement on 15 October 2020 when Novacyt acquired IT-IS International, the Company has significantly increased the manufacturing capability of IT-IS to manage the growing demand for its q16 and q32 instruments. From November 2020, the Company has scaled-up manufacturing capacity for instrument production more than five-fold, with further expansion planned, depending on continued demand.
Yet DHSC claim that only 38 Q32 delivered as of 09th Feb, something does not add up. Wonder whether we are still selling the machines direct to the NHS within the framework, let's hope so.