Member Info for Quickdraw18

20m reasons for us to be happy

Worth remembering Novacyt has capacity to produce 3m lab based antibody tests a month.

When you are checking if the vaccine is protecting you would you rather an deeply accurate qualitative results or a yes/no that you have some antibodies?

I'd rather know if i have a load of antibodies or the minimum thresholds. If you are just hitting the pass mark on LFT antibody you won't want be be strutting your ass around with confidence imo

Agree Anders it's not in Graham power to know when tender announcement will be made.

If he has bought between Contract Award (private) and Public Notification that would be different.

Brill news, 20m ways to celebrate :-)

Forgive the repeated message, this news has gone unnoticed since sep by most shareholders.

20m baby :-)

8th Sep, Graham Mullis CEO:
"We are immensely proud that we have scaled-up our manufacturing capacity by over 100 times in less than six months and can scale-up further as we add new products and as the market increases"

12th March RNS:
"It is expected that the combination of the two manufacturing operations will support production of up to 2 million COVID-19 tests per month, which increases capacity by a factor of 10

If there's is anyone who can get to a number that isn't 20m please show me your calculations :-)

https://www.investegate.co.uk/novacyt-s-a---ncyt-/rns/coronavirus-test-update/202003120700038486F/

https://www.sharebuyers.co.uk/shares/novacyt-shares-going-for-growth-poised-for-mid-cap-stardom/

stated 2m a month, but this had increased 10 fold

8th Sep, Graham Mullis CEO:
"We are immensely proud that we have scaled-up our manufacturing capacity by over 100 times in less than six months and can scale-up further as we add new products and as the market increases"

12th March RNS:
"It is expected that the combination of the two manufacturing operations will support production of up to 2 million COVID-19 tests per month, which increases capacity by a factor of 10

If there's is anyone who can get to a number that isn't 20m please show me your calculations :-)

https://www.investegate.co.uk/novacyt-s-a---ncyt-/rns/coronavirus-test-update/202003120700038486F/

https://www.sharebuyers.co.uk/shares/novacyt-shares-going-for-growth-poised-for-mid-cap-stardom/

stated 2m a month, but this had increased 10 fold

Here you go Shaun, search for MyGo. Loads of great reviews
https://www.researchgate.net/post/Can_anyone_recommend_a_low_cost_real-time_PCR_machines

I'd watch out for companies using "pseudo gold standard' tests as baselines for their testing. I hear some companies results have been misrepresented by 28%. Ask the Guardian newspaper or Lennard Lee who is running CONDOR LFT tests and shared article which flags ODX for skewing results by 28%.

Going into an exam i would not want the examiner gunning before me because i cheated on my course work.

https://twitter.com/drlennardlee/status/1310328105211432966?s=19

The French use private health system so we won't receive one or a few large French orders. Will be many smaller private orders. All the same in the end

#Novacyt significant US sales ??

Q16 on sale in 40 States

"US is one of Novacyt's top preforming countries for sales but given the scale of opportunity there is scope significant growth"

"Looking to expand in States through organic investment & M&A"

Test consumables £24 a test
US gov will reimburse $120 per test

https://t.co/URRiuo3iJa

Wilson63 there's nothing Tay has that could be market sensitive as he's just a PI. Some info maybe conjecture and awaiting more evidence. Definitely no market sensitive info.

For a peak at what he might be alluding to check out some of his recent tweets https://twitter.com/TaylorQuant?s=09

"The US is one of Novacyt's top preforming countries for sales but given the scale of opportunity there is scope significant growth for more"

"Looking to expand in States through organic investment and M&A"

ChasPB the contract is just for supply of Q16&32 mobile testing units and testing kits. We await broader NHS/Lighthouse labs contracts and care home contract.... Rest of the world :-)

lol I'll spaff one up the wall if he gives us a mention haha

Anyone waiting for a hot BJ at 5? lol

Good evening,



Thank you for your patience today, I appreciate trying to gain access to watch the AGM may have been frustrating due to the external outage, but I hope most of you managed it in the end!



The results and presentation are now up on the website with a video of the actual meeting to follow once it has been compressed and transferred for me to upload in the morning. www.novacyt.com



Once again, thank you so much for your help in making us quorate for the meeting today and the continued support and trust shown in Novacyt by all Shareholders.



Kind regards,

Mandy

I'd say 20m is locked on given the AGM commentary on progress, expansion, new markets etc. Today's antibody test will add 3m a month. Is that included within the 20m?

Much props for Tay for summarising AGM. He'll get a tweet out tomorrow.

Excellent meeting, some massive figures within the detail.

Q. Are manufacturing sub contractors eroding profit?

A. No - they went from reserach use products to clinical

. Margin have been maintained as Clinicial products offer higher profit margins, offsetting the need to outsource manufacturing

. UK Corporration tax is 19% but they're reducing it through the UK's 'Patent Box' scheme. Takes their tax down to 10 to 12%

. Recruited 60+ staff members

. 20 mill cash in bank June AFTER increasing inventory by 13 million and clearing over 8 million in debts

. wanted to take opportunity as early as possible to become debt free

. Now - investing in inventory. Their selling point now is that they can make significant amounts of stock but ALSO deliver fast when needed

. NCYT does not have high capital expenditure, expanded by being efficient and using outsourcing

. manufacturing increased 100 times in 4 months since Feb

. US is largest COVID market and one of Novacyt’s top preforming countries. Nova are developing relationships to increase market share (see question 6)

. Commitment to CONTINUE to innovate as pandemic continues

. Saliva trial currently in London and care Homes

. Major care homes trails are coming to an end

. Transformational contract! (see RNS)

. Phase 1 - £250 million contract can go up. or down.. depends how well NHS use reagents

. Phase 2 - contarct determined by. success of Phase 1.

. I estimate Phase 1 & 2 contracts could be worth £500m > £750m over 12 months

. UK is currently their only direct prescence in a key market.. but they will change that now

. they will add revenues and growth to offset loss of covid 19 in the fture

. COVID-19 revenue will NOT drop off in the near future. In fact they believe COVID testing will increase

. They have competitive advantage as they work close with government and DSC

. Expect to SIGNIFICANTLY exceed 2020 1st half sales

. Continued and very strong sales into 2021 and they cant see a drop off point at this stage

. Market will be updated

. They see no material change in margins any time soon (83% to 85%)
ACQUISITIONS:
. They going to move rapidly, Q1 and Q2 2021, Big acquisitions

Q&A:
1 - Current and future plans and supply constraints?
1A - they built a. flexible supply chain and manufacturing

2 - Plans for products in covid 19 after antobody test release?
2A. - Commited to innovate in covid 19 testing AND in respiratory markets, they WILL address unmet needs. Will update at later date

3 - France progress with 2 gene?
3A - Test now available and reimburseable

4 - Beyond COVID-19 what are next areas?
4A - Market areas in respiratory and clincal diaagnostic markets

5 - How do you see competeition, NCYTs USP, risks, oipportunities as CEO?
5A - total market 70 billion and EXCLUDES. covid 19 testing, some analysts repor

Are we there yet, are we there yet? lol

Nice day, some news now please :-)

For any new investors, welcome to the house of fun :-)

Thank you for registering to view the Novacyt AGM due to be held on 29th September.



In an effort to ensure only shareholders join the meeting, could you please confirm by return which exchange you currently hold your shares on and if they are held with in a nominee account or similar, if so which one?



If you have recently confirmed these details by submitting a vote to the AGM, then please ignore this request. Alternatively, if you have not voted for the AGM then can we please encourage you to do so this evening as we need as many votes as possible to be quorate this year. I have attached a voting form which I will need to be signed and returned along with a proof of holding screen shot – the deadline for votes is this evening so this is one last attempt to drum up any final votes!



Kind regards,

Mandy