Member Info for PI100

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.

We expected it but to see it confirmed is depressing. Utter shambles and the sp fully reflects the state of this company.

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.

16% down in a week. Back to the ncyt we know and love.

Something clearly up, we’re getting hammered again today it would seem. Gloss of the acquisition has worn off pretty quickly.

Oh great, this is all we need after a fairly positive month or two. Results announcement to bring us back to earth.

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”.

And the market punishes us for it

OG forget about 2023, it’s a write off. 6-7m sales so huge losses again. Only thing that can propel the SP is the dispute.

Capitalise on it how? We can’t see any benefits until we’ve bought the company. We can’t get away from the fact that internally we have nothing new to sell, 2/3 through the year and the guidance so far has been utterly pitiful. Still can’t get votes registered for AGM because they won’t accept evidence of shareholding.

Ncyt still a total shambles

Yep, I know. Unfortunately I’m not in the know so have no idea on what arbitrary date traders are going to dump the price.

Think I’ve done that more than enough, and stick by it. Looks like sentiment has gone again here, getting hammered this week it would seem.

Shambolic, as always

Agreed ss. Awful rns, market reacted accordingly and anticipate further drops tomorrow to level back out the weird rise from Monday and Tuesday.

Business at usual at cash burn towers

Moniman. Makes sense. It'll drift back to the 40's. The rise earlier this week was based on nothing other than traders deciding that ncyt was this week's 'let's collude and make 30-40% on something'.

Dead company, dead share.

Going off a cliff

Simmulla - I’m discussing an actual, tangible rns that the company have released. The early week price movement was based on nothing.

We are always crying out for rns announcements and we now have one to discuss.

Swag - agreed, it’s a shocker again. To say it’s growing quarter on quarter is interesting given the material drop you referenced. I guess if Q2 non covid is a penny more than Q1 non covid then the statement is true.

The company is literally going backwards, at an alarming rate