Member Info for PI100

No one listens to the likes or Jenny harries any longer. We keep being told on here we’re not a covid19 test company (we are) so need to move on.

Jesus, 526 cases from 1.4bn population, scary times. Anyhow it’s irrelevant to us as why would they buy from an Anglo french test firm when they churn out cheap tests themselves?

Fair enough but in another thread you say hillseeker is the best poster on this board, yet their target is £15. Fifteen pounds. How can someone who thinks that this share is going to £15 is a sensible poster?

True HC but it isn’t just recently, is it?
1 year - down 80%
6m - down 65%
YTD - down 61%

Holding fairly well? -8.33% red on Friday, almost -7% currently today. I’d hate to see what holding out badly would be.

Well it seems odd but something (be it a house, a car, a share) is worth whatever people are willing to pay for it.

CS - agree that the drop isn’t all about covid test firms being out of fashion given what has happened as a result of that murderous scumbag putin, but before that we were in free fall. Let’s not forget all the crap on here at £2.20 “THIS IS SO UNDERVALUED AND DUE A RE RATE” etc. Ok it did get a healthy uptick but didn’t last long. In my eyes a ‘re-rate’ is going back to a reasonable valuation which you could argue has happened here to take us close to a quid. Funny how we never see “mm’s playing games” comments on here any more- those who peddled that **** have made their money shorting and now shut up.

Because I was more inexperienced than I was then. As I’ve always said, buck stops with me for pressing the button but yes, foolishly, I was swayed by rampers. I admit when I have made a mistake and am not perfect. Many on here are perfect it seems but not all of us can be.

Sorry, typo on the figures so corrected here:

We couldn’t even meet our 2021 projection even though the final 2 months of 2021 saw the biggest wave of covid since it started. So the prudent approach is to expect that the reduction in covid income will be far more than the 50% quoted. The market agrees and may even see it as 70-80% (purely speculating here) so at 75% reduction we see circa £20.6m income from covid and 10-15 non covid so 31-37m total. Ebitda of 37% so 11.5-13.7m. Hardly inspiring, is it?

BB It isn’t disinformation at all, it’s just my observations. All I’ve said that is possibly controversial is that we have next to nothing to sell of any substance - what exactly is disinformation there?
14% of 2021 income was non covid, so 13-14m. We’ve not been told of anything new other than that some stuff will be coming in q4. Most things are delayed so why wouldn’t this be?

We couldn’t even meet our 2021 projection even though the final 2 months of 2021 saw the biggest wave of covid since it started. So the prudent approach is to expect that the reduction in covid income will be far more than the 50% quoted. The market agrees and may even see it as 70-80% (purely speculating here) so at 75% reduction we see circa £24m income from covid and 10-15 non covid so 34-39m total. Ebitda of 37% so 12.6-14.4m. Hardly inspiring, is it?

Again, not information or disinformation but just a very prudent estimate based on figures given to us by the company.

So, please, do tell me what disinformation I’m spreading. Notice you don’t call out those (some self labelled short term traders) who are adamant it is well underpriced.

Start of 2020 we were 14p so at 10x you could say we’ve done very well in just over 2 years. Yes the cash from the covid lottery win is great but we’ve got next to nothing to sell of real substance so the market is just expecting us to return to being loss making, fritter the £100m and plod on, and has rebaselined us as such.

And the company have given the market absolutely nothing to suggest it is wrong.

HC - I can compartmentalise the two. The Ukraine situation is utterly horrific and barbaric and I absolutely hate it, but at the same time we still need to look after our own lives and finances. Wanting ncyt to rise isn’t based on not caring about Ukraine, I can do both.

Stop the ramping for a bit, please. Some of us are in a very, very bad place with this and it’s a bit tasteless.

HarChris - at no point did the OP mention putting more into ncyt. Just came to gloat at their £8 sale.

Well done. However your gloating is not welcome here.

Wilson - by “dip in” in meant dip in to this forum every now and again, not dipping into my pocket to buy shares.
Should have said “pop in”, my apologies for the confusion.

BB - I’ve hardly posted lately because a) I’m tired of the nonsense on this board and b) tired of the stock. However, I’m still heavily invested so dip in from time to time.

And what exactly is wrong with calling out fake news? It has been said here that we expect a £50m profit this year resulting in a cash balance increase from £100m to £150m. Now we all know this is nonsense and I’m simply calling it out.

And where on earth did you get “this years profit forecast is to be around £50m”? Haven’t seen that. Also, if it is gross profit it doesn’t get added to the cash pile as you have that ever so small issue of overheads to pay.

Revenue came in 5-6m under forecast *

TI let’s not forget that last years forecast came in some 5-6m under, amidst the huge omicron surge, so let’s take too much notice of their forecasts. Maybe take their forecast and reduce by 50% to be cautious.