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I'm delighted to see some upward movement but anyone who has been in this share for any significant time will surely remember this has happened about 15 times before dropping to new lows.. if there is no positive RNS within the next week or so I just can't see this being sustained and history unfortunately backs me up quite heavily on this one.
Basically, unless you are happy to cash in now I really wouldn't get excited yet!
They have run the article now because they have only just got hold of the particulars of claim (which were filed some time ago). Everyone has been waiting to find out/confirm the finer details of what this dispute is about it and now we have it.
The government's position should not be a surprise to anyone but as people have mentioned, with later CTDA accreditation for ExSig etc., it does raise a number of questions!
The counter claim is going to be for in the region of 80M, it will definitely be RNSed (in a similar fashion to the original claim RNS - i.e. no details of grounds). It could occur any day now, I'd be very surprised if it isn't by the end of this month. Previous posters are correct re: protocol timelines, the sheer value of these claims/counter-claims will have been enough to warrant the extended time periods.
Hi guys, it's been quite awhile since I have posted. Although I have been keeping an eye on the board so much of what is being said is utter nonsense I have kept my distance.
I know a lot of people are fed up/dissapointed with the BoD but from what I understand we are in for a rather exciting update at the end of this month. We are definitely receiving concrete news on post covid products as well a more in depth forward strategy, other items may be a bonus.
I have been waiting on some funds which are now available so will be adding a large chunk tomorrow, then it will be time to sit back and see how this plays out.
Basically, position yourself for this update depending on whether you believe in this company or not.. personally I have a very strong inkling it's going to be absolutely pivotal in laying the foundations for the next few years of growth.
I wouldn't be so quick to dismiss it out of hand.. I remember the independent article about the stalling of the contract.. it wasn't particularly well written and caused outrage on here but it turned out to be largely right in the end!
Hi Poidster,
I am giving the company the last scraps of my patience going in to the trading update. If it is underwhelming and/or overly vague I am wholeheartedly behind you.
I have built a large enough stake (it pains me to say) to warrant direct access to the board on occasion so I could perhaps act as a bridge for communications if needed.
I would consider myself a reasonably patient person but even I am being tested somewhat by the lack of communication currently. I contacted Investor relations today and (although I am removing some parts of the correspondence) I am happy to share the messages here as they do not betray anyone's confidence:
An excerpt of my message out:
'Whilst I certainly try to avoid unnecessarily pressing my investments for updates I think in the circumstances it is now warranted with Novacyt.
It seems the absolute bare minimum of information has come out of the company since the AGM, either on the R&D or sales side and we have not heard much personally from David either.
This is somewhat perplexing given the vast array of movements in the testing landscape brought on by omnicron.
Can you please give any indication as to why nothing is/has come out and also as to when investors might expect to hear something?'
An excerpt of the response:
'Since joining at the end of October, David Allmond has been busy getting to know the business and those involved in it while working on our position for future opportunities post COVID.
Our next trading update will be released at the end of January'
The main points to note here are that we should not expect anything before the end of July update and that David Allmond is focusing on our post covid opportunities so at the very least we should hear something about this in the update itself.
There are so many contradictions in people's positions here. Many acknowledge the fundamentals are strong and then bemoan the share price being out of kilter. There is much anguish about the lack of communication which certainly could improve but PLEASE realise the board is not here to serve individual shareholders' needs, it serves the company ON BEHALF of the shareholders. Every now and then it gets mentioned by one of the blessed few rational people on here that, given the cash position of the company (i.e. we do not need a raise or placing), the share price is more or less irrelevant its fortunes at the moment. If you have faith in the fundamentals then have the gumption to stick with your research/instincts. If you think the company is doing badly then sell as the share price is probably a fair reflection of the market value. If you are angry because you need funds and have to sell at these depressed prices then you overexposed yourself.
There are a few things that I find irritating:
1) The completely deluded obsession of some people with this stock's non-existent 'shorts' and 'paid derampers'. We have a miniscule % of shorts here at the most and this whole paid deramper thing is a laughable conspiracy.
2) The strange notion that the DHSC money is written off. While the consequences of the dispute have been largely accounted for (as far as I can see) it is highly unlikely we wont be receiving anything given what we know about the dispute (i.e. warranty issue genesig - promate etc.). This is one of the reasons I am still bullish on this stock.
3) The incessant jumping to conclusions on omicron. If the world's best scientists are saying we need weeks to get a clear picture then I am minded to wait!
4) Pointless trolling/ramping and people engaging with it on either side. Just ignore the blatantly provocative messages, you are just making an idiot's day better when you respond!
Unfortunately, we would be down to about 5 messages a day without the above!
Shall we all just give up on making intra-day predictions now? I don't think any of us have a clue where Nova will go on any particular day but I have faith it will move in the right direction over the next few weeks at least!
Perhaps, perhaps not. It has risen very quickly.. some people have made over 100% in 5 trading days. We have seen this before on other spikes although I feel this is a different situation.
I am happy with a close over 4.50 and i think it will take an RNS this week to push it over 5.
Like i said nothing is guaranteed with nova so a red day (as crazy as that would be) is not off the cards!
If it has been doing the rounds for longer than we think AND is milder then perhaps thats another reason (along with boosters) why we are seeing stubbornly high infections but lowering deaths/hospitalisations?
I dont see a partial recovery in the general market impacting Novacyt's gain today too much. It does not appear (so far) that Omicron is doomsday hence a retracement of people of jumped out of everything at the weekend to see. One thing mitigating Omicron is testing, specifically PCR, which Nova lives and dies by so if any share is going to benefit it is us.