Member Info for PI100

YG are certainly not saving the day - had we had a full year of their accounts we’d have lost over £50m in 2023. The company is operationally dead and as such SP is moving based on cash and expected cash following dispute.

Likewise KT.

One fateful day at the end of November 2021 I should have sold when I recovered from 60% down to break even, but I got greedy and left it. Utterly moronic.

Lots of us have learned serious lessons here

A lot of people speculated about a lot on here. There was never going to be a settlement, why would the government do it? All their aim was was to destroy ncyt out of petty spite.

Nothing to say really, share is tanking back to closer to where I initially said it would pre dispute. Will see what the next few weeks bring, but didn’t they say we won’t actually get a judgement at the end of the case?

Be interesting to see the sp movements during the court case, be telling to see who is using info to manipulate the price

There won’t be a pot of gold for small caps if there is another pandemic, the big guns won’t let that opportunity slip again.

There is no investment case here

just watched the presentation, and had to laugh when he accidentally said “novashyte” at the start - absolutely priceless.

more word salad bull****, no commitment to telling us when they expect profit and what was it, 7m sales to april so we’re on track for 21m full year therefore another year of eye watering losses. from what lr said it feels like novacyt is dead as a commercial entity and it’s all on yg. how things have changed from the 100m organic revenue for novacyt.

basically they’re all chancers snd haven’t got a ******* clue

Amers no, I’m unfortunately long here. Yes I’m complaining again about results, can’t think why.

What have you seen from today that is positive?

Who knows? Do you think anyone at this company is vaguely competent? JM was acting CEO and he told us about organic £100m revenue in 5 years then 18 months later effectively laughed that off. Do you trust that man?

I don’t think any positive news is coming. It’s a total disaster, think of those of us on averages in the £3’s.

The way I see it now as the same as pre covid with regard to it being a total nothing company, albeit now we lose many millions more. It’s finished as an investment case.

It seems irrelevant what cash we have as we’re just wasting every penny and on a slope to zero again.

Swag, why do you think that was? We’ve lost 50m in 2 years, it’s a long and never ending road. Dispute aside we’re out of cash within 3 years at best, it would seem

Who would want to, HC? 27.6m is a long way from the headline cash consideration.

were any decent questions asked and answered, or was it the usual pre selected with robotic bull**** answers?

Bang on, ravenox. It is no different to every presentation since covid - disastrous results, awful presentation and zero positive outlook.

Agree about the waste, it’s a disgrace. But why do they care? It’s not their company, they’re just taking a huge wage.

Why exactly did YG cost 10m more than was reported as the purchase price?

Fair enough, well we will see what is said today. See if there are any green shoots from the rubble.

HC it’snow higher than cash so makes sense, no? Burning cash at 1m/month and 50m of losses in two years

Saintsmith it’s 38m as of end of April.

To be fair this sp drop makes sense as we’re still valued at a premium to cash balance, which was always talked about on here as being par, well those days are long gone with the cash burning as quickly as it is. £1m a month net of dhsc costs - dreadful

Not too badly, 14% red?

Val - tell me something positive from the rns?

Markets certainly not impressed

You sort out, but that’s just cut the losses down. 3 years until zero cash and we know how AIM companies fare when they’ve got zero cash.

£62m squandered since the covid windfall. Eye watering losses and a loss making acquisition.