Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
No mention of it WBA. It was just a soundbite at the time to shut shareholders up, they know that most will have forgotten it and vote based on recent events which is the acquisition and will therefore 'give them one more chance'. A bit like our beloved government, they've spent 13 years destroying the country but chuck in a 'tax cut' or 2 in March and the masses will flock to the polls to give them one more go.
Utterly predictable and depressing. Scandalous
How do we know they are capable of doing that? Ncyt have only ever been profitable due to covid and we have seen the absolute car crash in the financials since that ended, even with the huge pot of cash. So taking away the lotto win, ncyt have never been a profitable business, with or with debt or piles of cash.
Just read the whole thing - what an utter mess.
Saintsmith - convenient timing, eh. If the majority of shareholders were swayed by the acquisition to give these clowns another chance then more fool them.
Yes I will be around because, as I’ve said many times, it’s just a gamble now at 80%+ down to just see what happens with the dispute. I’ve written off the operational prospects as it’s clear there’s nothing there so I’m just all in for the dispute outcome.
in 2019 we turned over £11.5m, 74% more than 2023 if we use h1 as the run rate, and that doesn’t even factor in inflation. so all the learnings from covid, all the riches, contacts etc. has amounted to more than halving in real terms of annual revenues.
can’t see how it can be a good presentation, there’s clearly nothing to say. a few ****ty powerpoint slides and they’ll probably spend most of the time patting themselves on the back for buying a loss making company with debt.
what are we now, a couple of years into the ‘£100m organic revenues within 5 years’ period, and we’re at £6.6m. such statements need far more scrutiny, but we won’t get it.
Will be interesting to see. £82m on 30/6/23 for ncyt less c. £20m acquisition + debt repayment should put us around the £62m mark when it is all said and done, less the burn for Q3 which must be in the region of £2-3m, so we're likely hovering around the £60m mark, some £15m above marcap so the market clearly sees problems ahead (or it could just be the dispute being priced in, more than likely). Either way, it's very bleak given our revenue figures.
Richie - a rise based on what? YG aside, 2023 for Novacyt is going to be atrocious. Add in the fact we bought a loss making company with debt to add to a company that loses 10’s of millions and it’s perfectly understandable why we are where we are. Fully expect the presentation to be a car crash as always. Revenue is dead so the keen eyes are on the cash burn.
can’t think why there is dissent. any sensible shareholder would want them all out on their ****s but it’s made so difficult to actually vote (i’m through ajbell and essentially cannot cast my vote), they issue **** poor comms, the cash burn is off the charts, no revenue streams, etc.
can’t think why there is apathy.
oh and another 6% red now
10% tanking for no apparent reason is so ncyt. Or the market has digested the takeover news and thought ‘poorly performing, massively loss making company takes over poorly performing loss making company with debts’ and slammed us.
WBA- you can’t stress about it. I could also feel the same given my average is almost £4 but I made a vow, as I’m sure you did, not to throw more money after bad. Yes I could have doubled it if I went in at 40p but being stung so much makes one really suspicious. Ultimately it comes down to what you think the prospects are and personally I decided that this company was and still is a dog. Sat at 80% down so still in for the gamble of the dispute resolution, before anyone says “just sell”.