Member Info for PI100

@woody yep, this doesn’t help at all. The UK public are done with covid, travel testing stopping, cases declining. If there was ever a time to prove you’re not a covid test company only, now is it. Confidence of that happening? Zero.

@woody it’ll be there this time next week the way it is going, dispute resolution or no dispute resolution.

It is hardly looking good, is it? Appreciate it hasn’t officially been settled but reading between the lines, I’d err on the side of caution that it has.

They don’t care about shareholders. The dispute has clearly been settled and they’re not getting paid. Just needs official confirmation.

How much of the inbound travel pcr market does NCYT have? This news could be a blow, another 5-10% red tomorrow?

Clearly hasn’t been priced in, currently -6.5%.

Good RNS? SP tanking yet again.

How do we see the impact of the SP if Wizz Air eventually complete a takeover or the two merge?

@Hexam thank you. Although I don't know if I agree/understand with the below:

"If you exercise the rights then it would bring your holding valuation to what it was before the rights offer PLUS the new amount you invest. This assumes that market sentiment has been neutral on the rights issue since announcement - which often it isn't (and in this case the price has so far dropped more than the discount implies)."

My holding has been reduced by the amount of the rights I am able to buy, therefore if I exercise them my holding will be the same as it was before, when all is said and done. How did you calculate that it will be current holding + rights take up?

Sorry for the triple post. After 5 minutes it hadn’t posted so I did it again, twice. And no option to delete posts. Very odd.

@Mileshigh - I am new to rights issues too, but as I see it there are two sensible options:
a) sell the rights which will compensate you for the drop in SP
b) exercise the rights and add more shares (at a diluted price ex rights) which would bring your holding valuation to what it was before the rights offer (SP x number of shares)

Not doing anything isn't an option as the value of your shareholding has been diluted by bringing more shares to the market and thus you simply lose money unnecessarily. Happy to be corrected if I'm incorrect.

As to whether it is worth taking up the rights offer, difficult decision given how much EZJ and other airlines have tanked recently. Is the market saturated now that travel is not as common as it used to be?

Would you prefer less exposure to Easyjet? If so, sell the rights. Do you have faith in them and want to retain your £ holding as it was last week (subject to this week's horrible price drops, obviously)? If so, take up the offer.

@Mileshigh - I am new to rights issues too, but as I see it there are two sensible options:
a) sell the rights which will compensate you for the drop in SP
b) exercise the rights and add more shares (at a diluted price ex rights) which would bring your holding valuation to what it was before the rights offer (SP x number of shares)

Not doing anything isn't an option as the value of your shareholding has been diluted by bringing more shares to the market and thus you simply lose money unnecessarily. Happy to be corrected if I'm incorrect.

As to whether it is worth taking up the rights offer, difficult decision given how much EZJ and other airlines have tanked recently. Is the market saturated now that travel is not as common as it used to be?

Would you prefer less exposure to Easyjet? If so, sell the rights. Do you have faith in them and want to retain your £ holding as it was last week (subject to this week's horrible price drops, obviously)? If so, take up the offer.

@Mileshigh - I am new to rights issues too, but as I see it there are two sensible options:
a) sell the rights which will compensate you for the drop in SP
b) exercise the rights and add more shares (at a diluted price ex rights) which would bring your holding valuation to what it was before the rights offer (SP x number of shares)

Not doing anything isn't an option as the value of your shareholding has been diluted by bringing more shares to the market and thus you simply lose money unnecessarily. Happy to be corrected if I'm incorrect.

As to whether it is worth taking up the rights offer, difficult decision given how much EZJ and other airlines have tanked recently. Is the market saturated now that travel is not as common as it used to be?

Would you prefer less exposure to Easyjet? If so, sell the rights. Do you have faith in them and want to retain your £ holding as it was last week (subject to this week's horrible price drops, obviously)? If so, take up the offer.

Hilariously predictable. So much so I am now asking myself why I didn't short it a few weeks ago, make up for my LTH losses, get the hell out and move on with my investing life!

How many f's would you give about work if you were retiring with circa £10m in a big bag? Personally, roughly somewhere between 0 and 0.0001.

Got it, thanks. So essentially if I sell my rights for £1.83/share that will compensate me for the post rights issue share price dilation, but if I buy the additional shares @ £4.10 the TERP c shareholding will equal the pre rights issue SP x current holding?

Busy placing buys every 10 mins. Can’t miss out on this bargain. ncyt will make him/her a trillionaire by 2023 when the SP is £430,000.

Why is EZJN at £1.83? Isn’t the rights offer price £4.10? Excuse the basic question but this is my first rights issue so new to the game.

@Wilson63
Indeed, and what has that done to the SP? Hasn’t the UK been testing millions a week all year? I don’t see the correlation between ‘more testing needed’ and NCYT rising, because it doesn’t.
It appears to be a stock that a quick buck can be made off the back of a few isolated events such as the investor event surge. Imagine the smart people sell on 30% rises and then open short positions as short term history suggests it is going to tank again.

@Naewise - what makes you think it is going to pop considerably? Highly frustrated LTH here and all I seem to read is about how NCYT is going to pop, but it doesn't. We get the occasional significant rise but then over the next month that is chipped away at to bring it to almost the low it started at (thinking the high £2's, most recently). I am desperate to sell my holding in NCYT and write it off as novice investing error (I'm new to the game so it's a learning curve which I am cool with - 30 years to retirement so I have time to catch up) but I can't face crystallising a 35% loss, but I don't see how it is going higher. We've been through the peak of testing and every time there is a reason to test more the word 'Novacyt' is bandied around, then we get days and days of 2-3% drops. Now we're moving out of Covid and the expected drop in travel related testing requirements, where are the rises coming from? What is driving the confidence or are we all in so deep (didn't sell at £10-12, bought in the 7's and 8's as we were sure it would peak again etc. etc.) that we cannot face the reality.

This is not just a negative take, more so a plea for transparent, honest opinions (I am sick and tired of the rampers, and they're so obvious) without talking about NCYT with the blinkers on.