The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I think it would be rather complicated. I have a basic understanding of tax but certainly not the knowledge to comment about this situation. There is past history with IT-IS but as you say dependant on how it is structured.
Laticfnatic, many many years ago my husband spent a weekend rebadging and reboxing fax machines. They were not allowed to tell anyone about it so I am not surprised it hasn't been confirmed and likely won't be.
I agree with Kaeren. Also I wouldn't think there is anything to stop a company buying Novacyt but I suspect any offer would be very low to take in worse case scenario with the dispute. Due diligence brings out anything of which the purchasing company should be made aware but they would have to be living under a rock to not know about the dispute.
ValJu, one of the questions I asked was how they were going to attract II's because if they want to reduces the PI's they will need to do this. I haven't had chance to look at the presentation yet but I doubt they gave an answer to this. I also wanted to know if there was any revision to their proposed £100m turnover in the next five years give the constant downward estimates to date.
I must admit I'm worried about tomorrow, gone are the heady days when an RNS was exciting. I'm confused as to why a marketing person is so reticent about announcing anything positive. I'm holding as SP has gone down so far I might as well, coupled with the fact when I sell the shares normally rally.
This might be of interest : https://www.icaew.com/technical/audit-and-assurance/professional-scepticism/coronavirus-considering-going-concern/how-to-report-on-material-uncertainty-related-to-going-concern-a-guide-for-auditors#:~:text=The%20auditor%20should%20give%20a,cast%20significant%20doubt%20on%20the
HarChris, the auditors have concluded that the use of the going concern basis of accounting is appropriate therefore I can't see why it would change what the company is allowed to do. Miffed about the £11m LTIP payment due in 2022 giving the uncertainty. I would like to know if that could be recovered IF anything was written off as a result of the court case.