RE: NCYT recommendation..12 Aug 2021 20:17
@Surfie1961
It’s a pleasure to read your ongoing negativity….
For the purpose of balance my I try and change your perception?
Imagine that tomorrow you open the doors on your new business, you have a great idea but you need to carry out research and then develop that idea into a product, then you need to sort out manufacture and then sales, you need to establish a route to market, you start selling but then you need to scale, you need more staff, you have recruitment issues, you start to invoice sales and grow to one million sales but you want to grow to 5 million sales, you then have yet more new scaling problems, credit control, increased manufacture issues, staffing issues, you scale your business to £277m of sales and want to open overseas territories, so now you find you have other matters to consider…… all this TAKES TIME, its not an easy journey and most will fail at trying.
Novacyt meanwhile, have been phenomenally successful in being able to grow and scale this business. The business is growing exponentially. They re history in the making. Seriously, A business like this comes along once in a decade if you are lucky.
Now If you hold shares in this company, you are effectively buying a small part of that company, they are a fledgling company on a journey. You are on that journey with them, you now own part of it.
So, when you say, “oh Pork’s, don’t you realise that buying stock yesterday was a mistake, the price has gone down” I don’t see it that way.
I see it that I now own a little bit more of this fledging business today that I didn’t have yesterday, and I have picked up that additional part of the company at a discount because others are fearful, ill researched and in some cases may I say fickle.
There are only just over 70m shares in issue and some of those are short, I have now taken a few more out of the market. These are now MY shares.
As the SP ultimately starts to reflect the group fundamentals and the SP rises all my investments will start to come good. I am in no hurry. I have not lost anything because I have not sold, nor do I have any intention of selling anytime soon. Does that help explain?
The trick is to look at the fundamentals, decide if you like the business or not? Do you believe in it or not? What is your investment timescale? Six months is not long enough for what Novacyt are trying to achieve. So, if your investment window is less than six months you shouldn’t be here.
Finally, With AIM they could release an RNS tomorrow saying DHSC resolved, we are acquiring Y, we have had a takeover offer of X. we are merging with Z, we have won a contract worth K and the SP could immediately be marked up, that’s the reality. Nobody can time the market perfectly, I look at Novacyt and think this business for where its at today is worth significantly more than £200m all day long hence I’m happy to hold in and keep topping up whilst the SP is depressed. I see my buys here as significantly discount
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