Member Info for Porky9

Really good example of how to provide accurate control
https://www.thestar.com.my/news/nation/2020/11/07/3000-penangites-to-take-pcr-test

Road blocks, test everyone in the that region with a proper proven test then issue certificate to move on. Test and Trace UK could work if it was backed by a proper PCR test and you needed it done a safe a work permit or to leave your area

That is a worry because we already know its also found in Bats so its clearly crossed over from animal to human at some point to start with. So i'm not surprised its passed to minks and back to humans, the virus mutating has always been a risk just like a flu virus. This will put it into a whole new risk category, i.e just like the flu virus unfortunately we will never completely eradicate it and have to learn to live with it.

As for a vaccine, we always knew this wasn't going to be a golden bullet. Again just like an annual flu shot it wont give total protection. I think with the flu shot its only something like protective in 40% of cases and only against certain specific strains of flu so not that effective really - it wont stop you getting the flu, but it will help reduce the risk exposure in a percentage of people against some flu strains which is a good thing.

I think this is the best we could possibly hope for with a Covid vaccine, not total protection, but at least some protection in some cases which may help reduce the infection rate so that it becomes more controllable.

As for NCYT I can see testing staying with us now permanently, we are adjusting to a new normal.

GLA

LMOL - You will always get some nutcase proclaiming Covid to be some kind of conspiracy theory, tell that to the people currently in hospital that can't breath or those that have lost loved ones to it. A number of hospitals are struggling to cope with high admissions - we really don't need idiots like this at the moment.

Worse, I read a comment under it and someone had actually posted " I also noticed an increase in the number of people wearing masks, like the virus is hanging around in a bush waiting to jump out on you"

It's incredible how thick some of the population are, some are still clearly in denial. You couldn't make it up. The virus is spreading because of idiots not being safe. As for this guy, a village somewhere is missing someone.

Next week he will phone in to talk about his membership and support of the flat earth society - yes there really are people out there this stupid.

Not sure how practical it would be or the cost implications but if EVERY Care home in the U.K. had a Q32 machine on site they could check all the residents are ok but moreover they could also check every family member or visitor with 100% accuracy and loved ones could meet up again in total safety

With the Bid at 10.60 we are just over half a percent up on where we were 7 days ago. Just shows you the ups and downs of this stock. If this can close £11+ without an official RNS or news out I would call that a good day for us and positive end to the week
GLA

@BigJinnyWin
Text message for you over a mumsnet lol

But seriously, best advice sell the £30k for a security net, sure IF the share price doubles to £20 ok you lose £30k but if something goes wrong and the SP tanks you could lose the lot. Aim stock is high risk, don’t get greedy it’s not a game of roulette, take measured risks not mad ones

Just my two penny's worth... something could be brewing...

I think this is all to do with the fact that Slovakia are running a national program of testing using rapid antigen tests to see if they can control the virus through testing and some of their government advisors are over here to discuss the effects. Testing is currently hot topic.

We already know that a mixture of testing is required to stand any chance of meeting demand and it could be that someone somewhere has got wind already that Novacyte maybe in line for some of it - Lets face it Novacyte have possibly the best kit in the world. It would be madness if they were overlooked especially with all the issues around use of cheap unproven tests in Manchester. Do it properly or not at all i say!!!

GLA could get interesting, would certainly like to see the SP break the next £ 12.60 level that's for sure... personally im looking for £40+ Jan.... you never know

I really liked the IC Article, although i appreciate it was very vague.

IMO It was a fair assessment of the fact that the journey remains and still is rocky and not for the faint hearted. #Ballsofsteel as I always post.

Frankly, I was getting royally annoyed to be honest by other lazy press articles i kept seeing droning on about how you could be a multi millionaire if only you had purchased X volumes of shares at launch and sold at £10; In reality it is never that straight forward, these constant "What if" articles on "how to get rich quick" are pointless imo and detract from what this business is really about. As Gino D'acampo says "If my Grandmother had wheels she would be a Bicycle" so its refreshing that we are now at least talking about actual share trading entry and exit level points on the journey and more importantly about fair value for the business, a business that the market is still struggling to value properly, a business that has exponential growth like no other I have seen frankly and it deserves to become a £2bn to £10bn mid cap business as far as i'm concerned!

Meanwhile, the IC charting £ 12.60 as the next break out point and the graph going to £35 is probably right, it will have swings all the way from here although probably better controlled now and a bit less volatile going forwards now we are on SETS but even so road will be rocky. For those here for the long term this will of course be less of an issue.

Anyhow, GLA i remain as bullish as ever about Novacyt's prospects - they are doing a lot of good as far as i'm concerned ,

Just wanted to point out to anyone unsure;

Having won government orders in my own business (not diagnostics) often its a really long painful drawn out process.

When they finally do award a win, there can often be a restriction on making the information public until after a specific period of time. This may be because they need to notify unsuccessful tenders, challenges or simply have to publish it or report it elsewhere before you can issue your own press release, it can be anything really but the key point is that you must have permission from them so, its not unusual to win a contract and have to wait say another 7-10 days before you can make it public.

I would imagine with COVID HMG will be trying to rush things along as quick as possible but the above is another reason for a time lag on anything issued in relation to a contract award.

GLA

For the more more junior posters here calling for RNS updates;

A company only needs to post an RNS if there is something material that COULD affect the share price or an investors decision to buy or sell shares and also avoid insider dealing.

They would normally take advice from their broker but typically something news worthy like a Big Contract win would likely be something that could affect the share price by more than 10%.

Its clear to me that based on what we do know as fact, the recent £2m order for example was not deemed as news worthy so anything they do ultimately publish will likely be significant.

Heck of a lot of things going on in the market currently from what we know. We just need to give it time.

Hope above helps, GLA

You just couldn’t make this up:-
https://www.theguardian.com/world/2020/nov/05/operation-moonshot-rapid-covid-test-missed-over-50-of-cases-in-pilot
Memo to Johnson: Stop buying bloody cheap sh@t tests manufactured from China (Innova) and test the public properly with PCR tests manufactured here.
Joke

Other Diagnostics are on a PE of X6
I would argue that Novacyte is the blue chip in its class and probably should carry a significantly higher premium but a PE of X6 would be a start.
Where we are today at just over X1 is ridiculous

@Airlineboy
Ok, Ok, Ok, I get it, I will try to be more tolerant to off topic stuff in the community spirit :)
We all want Novacyt to do well, God knows at this difficult time we need all hands to the pump to beat this deadly virus
Take care, stay safe

I can see why there are posts today referencing News/ RNS due

In lite of Bojo’s comment earlier today about pushing us to 500,000 PCR tests it does rather look like our chances of securing the extension to the DHSC contract more ever much more likely. Could start to get really interesting if that drops.

GLA

@Wilson63,
That’s fair enough, I have only just checked in this evening
Take care now

I don’t see it as being “late to any party” they have only just started as far as I’m concerned
I have been investing for 40 years, I know what I’m talking about
Good day to you

@MrETrada
yes, but should only invest what you can afford to lose, so if investments do go pear shaped its not the end of the world. If its a concern the sell half ride for free is a proven policy.
I prefer the discussion board here focus on research and market feedback and investment opps rather than personal issues, probably sound harsh but we have mumsnet for that ..
Its a LSE Stock board
Take care

@Branley1967
You are lucky you are in profit, I'm averaging about £10 with averaging up and a lot of newer investors are in at similar levels.
Frankly, if you have doubled your money sell half and then you are in for free. I can't tell you how irritating it is to read posts along the lines of what should i do, when should i sell, blah bloody blah blah - if its hot in the kitchen get out!
Look you will lose money on AIM more often than you will win. You have to do what's right for you personally. Nobody ever made a loss taking a profit and nothing is guaranteed. If its squeeky bum time for you you should sell imo and let the new investors build with the business to the next level.
I'm here for the VERY long term, next three years+ but that's my view, everyone will have their own investment plans
GLA

Lanzarotte and Tenerife confirm that brits will soon be able to travel but must produce a fit to fly negative Covid certificate.

And we all know who produces them don’t we......

Thanks Tay
That’s a terrific and most helpful update, that’s for taking time to respond
I remain incredibly bullish about NCYTs prospects from here, it’s exponential growth on a whole new level!!
Thanks again