The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
So those that have read the full report. What are your opinions and have they changed.
For me it reassured me even more in what Novacyt is all about. I found the idea of 2021 revenues being higher than 2020 unbelievable. This shows the long term views on what we have here.
The €305m revenue target for this year was reasonable, I wonder how the DHSC contract works, will they add the full amount to this year's accounts or next or split it and have the majority in next year's accounts.
2022 shows a decline but that doesn't take into account any mergers and acquisitions which given are huge cash pile are a given.
I often look back at charts for shares that have performed brilliantly over many years and think, if only I had stuck in £x amount in there 10 years ago I would be minted now.
The more you delve into this share, you can't help but think that the stars are aligning and in a few years time we will look down at the current share price and a have a wry smile and think so glad I brought and held
Happy Friday all holders :)
Key lines for me in the RNS:
the Directors believe there is the potential for a long-term shift in testing policy towards decentralisation. With the acquisition of IT-IS, the Company is well positioned to address this drive towards rapid, decentralised testing and deliver additional growth opportunities.
GM is looking past COVID and looking at long term relationships with the NHS, care homes and other venues. Decentralised testing is where it is heading towards. Can you imagine how many people go to hospitals everyday for routine appointments, I see a future where everyone is tested on arrival and asked to wait for a negative result before they are admitted onto a ward, regardless of someone having been vaccinated or not.
These existing relationships with the NHS can not be understated..
Reasons not to panic
1. This is AIM, wild swings in both directions are a given
2. We have been here before - 220 down to 60 [Feb], 520 down to 210ish [June/July]. Each time it came back stronger and went higher.
3. We have had a month of unchecked rises and nothing goes up in a straight line. I personally prefer slower steadier rises.
4. We have the small matter no debt and £460m contract with the Government. That is just one order from one country
5. Broker notes should be out soon
6. Trading update for July, August and September to be revealed and I expect nothing but amazing results. They could reveal these anytime soon or more likely provide a full year update in Jan - this will probably go down as one of the greatest set of results in AIM history.
7. Acquisitions on the way soon
8. Update on care homes trial and orders from other governments including France
Add more people. Keep calm and hold for gold.
Remember it is only a loss if you sell. If you don't need to ell then relax.
Whilst these daily 10/15% rises are great for the portfolio, I do think some consolidation around the £9/£10 mark would be good before the next leg up. Unless we have another monster RNS of course :)
email from Mandy
Dear all,
Sincere apologies, there has been an external outage which is causing us technical difficulties. Please bear us, we will try again at 1.30 GMT / 2.30pm CET.
Thank you for your patience.
Mandy
Thanks for the comments. Just for some background. I initially brought in at 108 back in Feb and initially traded it. I then got 'stuck at 381 and so it go all the way down to the 200 mark, was tempted to cut losses but so glad I held on, thanks to the members here who have been deciphering all the info and hints. Here's to an amazing few days and weeks ahead :)