Member Info for PI100

I haven’t accused, I’ve speculated. This whole board is about speculating based on nothing.

Pay increases of circa 10% for people earning 100’s of 1000’s a year? That’s fairly unscrupulous. Particularly given the dreadful performance.

And how do you know a cushy PE takeover isn’t being schemed? Chairman has lots of links to the finance world.

Was only kidding. Hope it works out for you.

Re the bottom, don’t jinx it. There was talk on here of 60 being the bottom recently then we went to 41. There’s no bottom when the business is fundamentally flawed, have no ceo and have a very unscrupulous board.

Good day to do it, looks like there’s a quick pump and dump

Happening. Did you know? Ha

I got slammed a while ago for saying we are being primed for a PE asset stripping takeover, yet nothing for payce.

HC - yes, but the LTIP payments are not included in the FY2022 loss as they are balance sheet items. So ok, out of the £20m pre tax loss we can exclude £6.5m for ITIS and the restructure costs so that brings us to around £13.5m loss on £21m revenue. Discontinued operations is below the PBT so am not factoring it in.

How do you propose we make a small profit on £6.8m of revenue with that cost base? When did JM say the restructuring was completed, was it by Dec 2021 or 2022? Overheads were £22m (2021 - £26m) but we don't know if the full effect of the restructure was felt in those numbers.

HarChris, it is in a way but then look at the trading performance and it’s easy to see why. Ignore the cash as the market has clearly decided that that is all going to the dhsc.

In 2019 we took revenues of £11.5m and made a £3.4m loss.

2021 revenues of £93m and a loss of £5.7m (albeit impacted by the dispute heavily)

2022 revenues of £21m and £20m loss

2023 revenues based on Q1 run rate. - £6.8m (and that includes covid sales which will likely peter out completely)

What sort of loss are we going to book on revenues of £6.8m, given the increased (albeit now “right sized”) cost base?

Revenues 41% lower than pre covid.

It’s a staggeringly poorly run company based on that. All the contacts, learnings, new ideas, resource etc gained during the covid years and we’re looking at revenues almost half what they were pre covid. That is why the market has and continues to batter us. It’s painful for us who have almost lost the lot but looking at it objectively, it makes sense. The company has gone backwards at an alarming rate.

It has looked liked that for a long time, this adds fuel to that fire.

Look at what kaeren just posted as well - literally trying to do themselves out of sales.

I’ve not stated that they’re going to lose. I’ve said I suspect there is a good chance they will but I have nothing to back it up other than the fact we are a tiny company against a behemoth that is the uk government so I’d be shocked if we won outright. May be a settlement but I don’t see why the government would need to. We need that far more than they do. I imagine it is so far down their list of priorities that there is almost 0% chance of a settlement. I try to counter the overly positive people on here who also have absolutely no information on the case but are adamant we will win.

Private equity buy out is my guess - we have an awful, almost pointless trading business bleeding cash, but some good assets which PE would love to sweep up.

Disagree. Just coming back at those who slated my prediction, which unfortunately came true. And no I don’t think I’m better off, I’ve just given up caring. I honestly think it’s going to zero but given I’ve lost 90% I’m just leaving the final 10% in as a punt, a gamble. It’s £660. Meh. It may go to £1300 with a favourable outcome, but it most likely goes to £0.01. It’s been the worst investment of my life so what will be will be. £660 isn’t worth the hassle of cashing in at this point.

No. Just saying I was right yet some on here absolutely slammed me. I wish I wasn’t right.

22% drop from the results announcement day. May not have been instant as I called it, but it happened.

Shame the SP isn’t, new lows every day. Race to the bottom continues at pace.

Full confirmation they have zero time for us. There is literally no reason for it to be online.

With a board like this, the sp deserves to hit new lows every day as it generally does.

170 pages. What part of this, if any, is remotely relevant to he future covid free income and success of ncyt?

Val, what recovery are you referring to? We’re all waiting for one but we’re literally getting hammered every day. £31m marcap now and no end tothe drops in sight. We’re down about 14% since the results announcement. Ok that’s likely down to the horrendous 2023 revenue forecast but we’re not going to haemorrhage £40-50m surely.

I’d love to see a recovery but genuinely don’t see what recovery you are referring to.

Sorry, 14.5p at the end of 2019

Good luck, but that sounds ambitious. Consider we’re forecasting at current run rate millions lower revenue with a bigger cost base than the back end of 2019 when the share price was about 19p. Be careful not to get burned again. There’s no floor.

GT there certainly seems to be no let up. Pretty much free fall since the update. New 52w lows most days.

I think the majority of genuine holders have accepted it was literally a flash in the pan and it’s over now. I speak from a position of -88% which is utterly humbling.

Be lovely wouldn't it, yet here we are another 6% down. Remarkable stuff.