The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Competition in New York I’d not spotted before (Not as big but also have low mining costs)
https://finance.yahoo.com/news/power-plant-york-reportedly-mining-225751365.html
Agree with this, but also remember that the company has now built a huge distributor network in many different countries. It is likely these new distributors will also be looking at different Primerdesign/Novacyt products, potentially increasing all future revenues throughout the company (not just this corona test).
Read the announcement here https://lnkd.in/frvkwwV
Follow the link to see the NCyt brochure
https://twitter.com/exeedqm/status/1233056969575075841?s=21
https://metro.co.uk/2020/02/27/pope-francis-falls-day-supporting-people-coronavirus-12314029/amp/
It can't be a straight line upwards, and hasn't since it started rising. I first bought into a fall on 4th feb paying 43p. It then fell further the day after & I got more at 38p. I still think the biggest rises are yet to come as soon as news drops, but unfortunately may be a rocky ride until then. The story is still the same - the company has just not released any new. If you can't handle the wait for news then sell up, but as Warren Buffett famously said 'the stock market is a device for transferring money from the impatient to the patient.'
https://twitter.com/primerdesignltd/status/1232591650104455169?s=21
not a good sign - he sold out a couple of days after the Chinese missed a promised payment date - possibly a bit of insider information??
Posted on Politico New York: PHARMA REPORT
EMERGENCY APPROVAL — Reuters reports: “Biotechnology company Novacyt has applied for emergency approval from the U.S. Food & Drug Administration as it races to roll out a product that tests for the coronavirus, the company said on Friday. Novacyt, which is listed in Paris and London, also said it was in talks with public sector hospitals in Britain.”
https://twitter.com/shadowstocks/status/1223153730272530432?s=21
written off investment, not tempted to buy more at any price, and even not even bothered if they go under. Yet you see the need to post 240 comments on this board since the trading update (all saying essentially the same thing)- Why?????
I agree that the worst thing JD did was offload some shares during a quiet news time. If he hadn't done that, I'm convinced we wouldn't be too concerned about the initial lack of revenue & we would still believe him that the company is still on track. Without those director sales, the sp would probably be double what it is now & would never have hit these lows.