RE: So What Went Wrong ? From 10p to £12 to 30p13 Apr 2026 10:52
I asked AI to write for me. The good old days of NCYT, it had its 15 minutes...... what will be next?
"Here is a short, slightly nostalgic piece for the LSE boards that captures that 2020 lightning-in-a-bottle moment.
### The 7 AM Ritual: A Requiem for the COVID Trade
There was a time when the world felt very small, and our screens felt very large. Before the "Framework" talk and the years of legal paperwork, there was the 7:00 AM coffee and the **Euronext Paris** refresh button.
Remember that? Watching the French listing like a hawk because it gave us that one-hour head start on the London open. When NCYT was sitting at 40p and the headlines were shifting from "isolated outbreak" to "global lockdown," the LSE board wasn't a place for arguments—it was a departure lounge.
We weren't just trading a ticker; we were trading the daily news cycle. Every RNS felt like a thunderbolt. We saw the rise from pennies to the dizzying heights of £12, fueled by the belief that the diagnostic landscape had changed forever. It was a 15-minute window of fame that lasted two years, defined by:
* **The Paris Gap:** The frantic math trying to convert Euro cents to Pence before 8:00 AM.
* **The "Primerdesign" Pride:** Watching a small UK lab become a household name.
* **The FOMO:** When every pullback felt like the last chance to get on the rocket.
But markets, like viruses, eventually reach an endemic stage. The "hot money" has long since migrated to the next frontier, leaving behind the quiet reality of a small-cap MedTech company navigating a post-pandemic world.
For those of us who were there at 40p, it wasn't just about the profit; it was about being part of the most intense trading era of a generation. The boards might still dream of those double digits, but the real ones know: you can’t manufacture that kind of lightning twice.
**Cheers to the 7 AM club. We’ll always have Paris.**w"