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Market makers diving down the price so they can get back in and do the usual crash the price, buy, watch it rise and sell before crashing it again. The stock market must be one of the most corrupt places on the planet, all set up for the 1% like everything else.

presumably you mean £2.50 per share. even if that is the case, there’s absolutely zero chance this company will ever go there. £1 is almost double the cash with a totally ****ed operational performance.

"Why would they want to delay when they are the claimant? If their case is watertight there is no reason to delay.

The defendant has a right to clear their name in a timely manner. The time in court is just the culmination of the case. Judgement day is coming."

They don't ultimately care but I suspect they won't want anything getting in the way of their election rigging (I mean planning) and this could be a distraction. It's small beer in relation to how much they've actually stolen.

"What right does the department have to just delay a high court hearing? None."

What right does the government have to steal 10s of billions from the public purse? None, but they still do it. If the Tories want to delay the court case, the Tories will delay the court case. They'll have the finest lawyers our money can buy who will without a doubt find a reason to get it delayed.

I may as well just put it on red or black now and be done with it. We obviously don’t know that it’s 50/50 but they’ve sure us and we’ve counterclaimed so that’s all we have to go on.

Given all the Covid payments scandals the government are embroiled in I am very sure they won’t want to settle early with an election looming and risk looking at all guilty. My guess is they delay it until after the election when if they win they won’t care two hoots what happens as they’ll be in power for another 5 years and if they lose it’s just a good stick to hit labour with if they don’t settle in their own favour. Be amazed if the case goes ahead before an election.

absolutely not putting another penny into this ****

Dead as a dodo in here now, have we all totally given up? Feels like this is what the boardroom at ncyt towers is like

Amers - fair play. Good luck is all I say, anyone putting money into this needs it. Nah not £6 for me, thats the Doctor. I average £3.80 but would probably take around £1 given the state of the company and prospects.

To be fair we’re valued at £10m below cash so with the dispute and the size of our annual losses, this doesn’t seem unreasonable whilst being utterly depressing for those of us with averages in the £’s

Well we’re getting battered again this week so either there is something in what he says or 1 person trash talking is scaring the market

That was a once in a lifetime event, by the time it happens again ncyt and their ilk will be history, big players won’t.

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As I explained on Sunday in bearcast, the donkey Novacyt (NCYT) will either get a one way trip to the glue factory in June if it loses a £134 million legal case with HMG or, in a best case scenario, take the same trip early next year when it runs out of cash. Today it has dissembled about bad news from Taiwan but it is hiding the really bad news, a bust up with Thermo Fisher.

Thoughts?

Totally agree with CS about getting out once it’s over.

Swag - I think you’re being generous to ncyt re another pandemic. There is absolutely no way the big players would allow crappy little companies like ncyt to take hundreds of millions and will no doubt be set to intervene if such happened. Also, government has done all they can to destroy the small players as they’ve got zero interest in anyone other than multibillion pound corporations

Totally agree with CS about getting out once it’s over.

Swag - I think you’re being generous to ncyt re another pandemic. There is absolutely no way the big players would allow crappy little companies like ncyt to take hundreds of millions and will no doubt be set to intervene if such happened. Also, government has done all they can to destroy the small players as they’ve got zero interest in anyone other than multibillion pound corporations

‘Not material’. Is that their line for everything? £3.2m is not material to a company losing millions and burning through their cash at a rate of knots.

What is material to this lot?

Looks like we can easily do that ourselves. Another rns, another disappointment .

Share Price: 52.00Bid: 51.70Ask: 54.90Change: -0.35 (-0.67%)

Spread: 3.20 (6.19%)Open: 53.20High: 53.20Low: 52.00Prev. Close: 52.35

HC weren't all/most similar companies massively overvalued in 2020? Don't forget that at the peak NCYT were valued at some £750m, or 3/4 of a billion for effect. Which was obviously utterly, utterly insane

No, as always after a decent up day it's red again. Like night follows day.

I think there's far more chance of them delaying it than settling. That said, they have so much dirty laundry that this would likely get lost in the pile, or the vast majority of Tory controlled MSM wouldn't report it anyway so the majority of the voting public wouldn't see it anyway. All they'll see is more stop the boats nonsense, lies about sunak bringing inflation down and headline grabbing tax cut bribes.

Talking of manipulation, today within the space of 1hr 10 mins some bought 14,488 shares and sold them again for a £123 profit (gross of fees). I just can't believe that such a thing would be worthwhile for a normal PI therefore feel there must be more to it. I appreciate there are likely lots more of these instances with the 3k/5k buy/sells etc. but that one stood out like a sore thumb due to the distinctive volume, as an example

It's not about a day though Amers, it's about the long term. I certainly haven't got the stats but look at the price every day and would guess that over the last year it has been red on 85%+ of trading days. So the occasional 10-20% uplift means absolutely nothing to LTH's, and is only useful for short term traders who are manipulating the price