Member Info for NiptSteve

Hope I’m wrong but I just can’t see another bid at this late stage.

Those here prior to the company-saving placing in December have been shafted.

You have to wonder why there hasn’t been any other offer.

Do you think likely Twix? I just can’t see it happening now.

Looks like the update in this RNS is there to sway those unsure about the vote that there really is no alternative. Cash burn looks to be on the up again and projections are hardly inspiring.

Well done to anyone who started to move into ncyt prior to their recent rise - looking at their trading update this morning they are also burning cash but have the luxury of a big cash pile. We’ll be adding to the cash burn quite substantially by the looks of it - at this moment in time I don’t think I’ll be following ygen into ncyt.

No doubt if i don’t ncyt will continue to rise but I have no faith or trust in this going forward.

The fact that nobody else is interested in buying this apparent bargain is also concerning.

Outside the TW comments a couple of weeks ago has anybody heard any other whispers etc of an improved bid being needed to get the vote?

As it stands with the price sitting where it is it doesn’t look hopeful at the moment. A new bidder is desperately needed.

Without that it makes me wonder how much of a revolution Ranger tech actually is and how much that and the strong pipeline we always heard about is actually going to be worth.

If it’s all so so good why is nobody else interested in picking it up?

A quick Google search and there is a relationship between Oddo and Ncyt so I would assume their votes will be in favour.

Following Tw’s article I had hopes of an improved offer - obviously could still happen but would need to be soon.

You can look back and pick many moments from the shareholders presentations/communications (remember those?!) which in the current situation begger belief.

The capital markets day last year for example and the section dedicated to M&A activity - talking of 8 to 10 times revenue and larger companies being pressured to use up cash that they have. Here’s the clip for anyone wanting to put themselves through it:

https://www.youtube.com/embed/L9gYafeBET0

Skip to around 17mins20secs for the m&a section.

Slow hand clap for the Lyn and the board.

I would like to keep some sort of investment in the ygen core (Nipt, ranger) which can obviously be done through Novacyt - but that looks like another potential wealth destroyer with the legal issues they are going through.

I definitely will not be buying any ncyt at this stage - if it goes through then I’ll likely take some shares.

Lets hope talk of an improved offer or another bidder comes to fruition- realistically how much higher could Novacyt go?

I agree that Yourgene needs this buyout but we all know the price is low-ball. Some of the institutions and big holders who still hold a large amount at a loss may hold the key to them hitting the 75% or not.

Guess it all depends on how much Novacyt want Yourgene and if the talk of a higher offer needed to get the deal done is true.

Torn between Novacyt getting us at hopefully a higher price and a new bidder coming in so that at least Lyn doesn’t get his own way with Novacyt.

Well Myers has been adding to his holding - another 8million shares.

Are they just not part of the takeover process where everyone over 3% has to declare their holding?

What are these RNSs?

TW has commented but I don’t have access - anyone able to convey the main bits?

Yourgene takeover by Novacyt, is it done & dusted? Growing anger at the big winner CEO Lynn Rees

On the surface of it a 0.55p share bid for Yourgene (YGEN) by Novacyt (NCYT) looks like a mercy killing, a good result in bad circumstances and a deal that should be done and dusted. But is it?

I guess the danger would be it doesn’t get voted through (we don’t know view of Myers etc) and price falls back to or below 0.002 again).

Absolutely Twix what an outcome for Lyn.

Massive volume of sells showing up now - surely only reason for selling is if you believe takeover won’t go through and price will drop back? Why sell otherwise at 0.0046 when you should get over 0.0052 if it goes through?

Lol remember the capital markets day around this time last year I think - we had a whole section on takeovers and valuations; up to 10 times revenue wasn’t it?

Absolutely shafted long term shareholders here. Will be taking a massive loss and would have considered going into nyct but with Lyn moving over along with all the usual suspects it is not so appealing.

Would obviously be good if we had other bidders but realistically it’s not going to end up with offers in the region of 1p+ is it.

It’s of little consequence now but on 31 March we had £2.8m - as of 26 June we had £1.88 so cash burn had reduced. With the Taiwan money looks like the cash runway extended into the new year.

What a great deal for Novacyt at the expense of longer term ygen shareholders.

Reading through the announcement ygen have £1.88 cash balance so it looks like the cash burn has reduced quite a bit (based on my memory and not checking back)?

Let’s hope for some sort of bidding war arising from this initial offer but I don’t hold out much hope of that.

Everyone barring the longterms have done well out of this.

I hope you are right Clark but I’m not so sure - from the outside nothing in terms of communication has changed except we no longer have the investor presentations (part of the cost cutting apparently) which at least left those watching feeling optimistic.

The volume of LinkedIn posts has increased though so I guess that is now where we have to go if we want to get any kind of insight into what is happening.

There was also that ridiculous countdown timer to a new website RNS - if that was a Lesser move then we have no chance.

Once the funding situation is hopefully communicated (and is positive) then I think that will be the moment things improve - so imv September/October is going to pivotal.

yep looks like no news until the taiwan deal goes through - at which point based on guidance from the placing rns last dec cash is going to be really tight. so will that be accompanied by another placing? if so you would think they would be pumping up the price.

they should be releasing every piece of good news available in the hope the market sees some sort of turnaround and then raise funds. surely there must be some contract wins they can announce?!

q1 is almost done so they will have an idea what the h1 figures are going to be - they said the broker projections were all cautious in their view so show us some evidence of ranger pickup etc and give the market and investors a bit of confidence.

of course the reality will be news at a bare minimum and h1 trading update in sept/oct to be sp**** in details.

Yes at last and good news - but how much wriggle room does this give us re the cash runway? Looks like a max £1m upfront by September so things must still be pretty tight?