Member Info for Porky9

Matters not as details are going to be published soon enough..

Normally we expect the standard manipulation, Oriens1 post at 7.31 set out what we have all come to expect. up down 2% all day and then close a further margin down on close.

Today was different. Be about 4.15/4.20 ish a buying frenzy and loads of after hours.

Speculation; You wonder if RNS was issued for publication at 7.00 tomorrow, it confirmed most of what we are all thinking and everyone in the news room down to the post boy was online buying shares, lol - makes you wonder? These things have a habit of getting out...

See what tomorrow brings but either way its looking positive :)

GLA

Big volume push in France...
Interesting, what do they know?
Still a long way to go...

@Kaeren
Because put simply they are JUST a manufacturer. They could manufacture anything, plastic injection moldings you name it... and realistically the window of time is reducing whilst they await a test they can manufacture, government are still buying cr@p from china:-
https://bidstats.uk/tenders/2021/W10/746651675
https://bidstats.uk/tenders/2021/W13/747831705
Margin will be very low, they need massive volume to get a decent bottom line, i think its more than fully priced as it is. Director knows more than anyone else and is looking after own interests. 300,000 @ 79p that's £ 237,000 cash in the bank.

@Kaeren
Brilliant:-

"You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done"

@Trytobuylow
Hartlebury has called it.
You are testing for an antibody in the blood system to defend against a virus. A saliva test would not be even remotely accurate enough.

As a side: I did wonder why Novacyt didn't also produce a Antigen LFT albeit under license just to hand to others that want to manufacture them? but maybe they just don't want to put their name to something that cant offer a high enough accuracy level? Will be interesting to see how events unfold.

@Saintsmith
LMOL ref 6.07 - i just can't comment

@Saintsmith
Hope your right, would like to see the SP trading in a significantly higher range now for sure. Out the 7's and back into the 8s and 9s and upwards....

Agree @Naewise
Close of Business on Monday marks the end of the 2020 Tax year.
New Isa Limits out on the Tuesday coupled with entering the news season all bodes well for us....
Take Care
Pork's

The suspense is killing us....
Any moment now this is going to absolutely take off IMO
GLA

Rapid Covid tests taken in schools will now need a follow-up lab test to confirm their result from tomorrow, the Department for Education (DfE) has said.
https://schoolsweek.co.uk/another-testing-u-turn-school-tests-will-need-pcr-confirmation-from-next-term/

AND here is the best bit:-

"The DHSC explained the reason behind the policy change is it can make use of ‘genotype assay testing’ – a new technology which it says could halve the time it take to identify if a positive Covid test contains a “variant of concern”.

Bring it on....
Next move IMO will be a switch to PCR Saliva Tests the day before going to school. As the infrastructure increases our capacity to handle volumes of tests in the labs via Saliva on rapid turnaround will also increase.

This is looking really good for us

@Bing007
Nice find; easy to lose track with so much going on.
https://mobile.twitter.com/NovacytGroup/status/1376938823595266052

Can't wait to see what that video is all about?. We are still all waiting for the Care Home video release.

Looking like we will have a few to see shortly. If we wasn't in lock down we would need to book a night in to watch them all at this rate :)

Fun times...

This is the big thing isn't it
We are seeing something in the region of 50-60 vacancies. So a material increase in the work force

In very simplistic terms, they are currently forecasting sales for this year similar 2020. So why would you need to be getting on for 50% more extra staff this year to handle the same as what you did previously?

It's looking very clear that no matter what contracts land, sales are going to be materially higher this year than the SP Angel and Numis revenue forecasts.
https://novacyt.com/wp-content/uploads/2021/02/SP-Angel-Update-04.02.2021.pdf

Looking really superb frankly.

Finally, even based on current forecasts it puts cash at bank alone, this year at 278m. That's circa £ 4 of the current SP level which makes a totally mockery of that chartist crap written by II.

Looking forward to a material step change in the Share Price shortly

GLA

Well that's a chartist view for you, covering all bases:-
Could trigger reversals to £1.94 or rise to £ 15.27 well that's as useful as a chocolate tea pot!!
I was disappointed however that there wasn't any refence to "Cups and handles" or north stars? best get an email to the editor...
Its incredible that people actually get paid for to write these articles.
Nice work if you can get it! LOL

@Kaeren
"regional if not local diagnostic hubs being set up all over the country and these new rolls part of the mass recruitment drive are to interface into these"
..........................................................................................................................................
Not a bad call, and if they can add into this an acquisition of Cignpost to increase the mobile labs network and Biograd to increase the labs network they will be well on their way :)
Exciting times....

@Saintsmith
That will be £ 54 then, LMOL :)
Take Care

@neilrich3
I mean you look at this and you can argue, ok well what about revenues in three years time? BUT Novacyt have already confirmed that earnings will be north of 60m minimum and that alone should give us a better mcap than where we are today? FACT.

Any contract or perhaps confirmation of that Genome Assay being used to detect VOCs and as part of a Diagnostics culture to protect against future pandemics will give us the longevity confirmation we need. Hopefully, that should be the end of any share price sub £10 ?

Then you look at Perkin Elmer and its 14 bn valuation and you think, Ok i realise its not apples with apples but for crying out loud they are on X 40 earnings and we are surely worth more than x2 EBITDA. In fact our valuation is worse than X2 EBITDA due to the amount of cash at bank being built. Its probably more like X1.5

The SP has to give at some point.... its crazy.

GLA

Oxford Nanopore made £52m in 2019, an increase of 60 per cent compared with the previous year, but losses deepened to £72m as the company invested in its R&D and manufacturing facilities.
Oxford Nanopore will be the latest tech company to choose London after Deliveroo, although the UK was overlooked by used car seller Cazoo, which decided this week to list in New York through a special purchase acquisition company.
The Oxford-based company is likely to be one of the largest floats this year in London, with analysts valuing it at between £4bn to £7bn.
https://www.ft.com/content/6ce78367-9e32-4cc0-a9c2-1fc1535f2788

And we are at a valuation of £ 485m - ohh come off it....

@ShaunP
Yep, very old news
BBC covered the issues at this lab on the 16th October last year :-
https://www.bbc.co.uk/news/health-54552620

Just don't see the point of it, whilst its not one of our labs so it doesn't affect us anyway, i do sympathise with the staff. They were and still are dealing with a pandemic with ever changing circumstances. These labs were all new and we would expect some teething issues. Easier to criticise something than be active on the front line trying to fix it.

https://www.theguardian.com/world/2021/mar/30/new-covid-vaccines-needed-within-year-say-scientists
New Covid vaccines needed globally within a year, say scientists. Survey of experts in relevant fields concludes that new variants could arise in countries with low vaccine coverage.

Looks like Testing is going to be around for a very long time

Boris Johnson joins world leaders in call for global treaty to prepare for next pandemic
https://news.sky.com/story/pm-joins-world-leaders-to-call-for-global-treaty-to-prepare-for-next-pandemic-12260490
Mr Johnson added:
"We are, therefore, committed to ensuring universal and equitable access to safe, efficacious and affordable vaccines, medicines and diagnostics for this and future pandemics

IMO Diagnostics Businesses per se are going to see a boost from this as their importance continues to grow.
It's becoming increasingly important to monitor, detect and become adequately prepared. Novacyt will play an increasingly bigger part in this going forwards.
Very confident for the future long term of this business
GLA