Mixed feelings.26 Nov 2021 07:00
I’m sure I’m not alone this morning, but I’m awaiting today’s trading with mixed emotions. Living in France, I’m desperately hoping this new variant doesn’t bring renewed travel restrictions that will prevent me seeing my family in the UK this Christmas. Neither do I want to see a fresh variant run ravage through wider society again. It’s worrying.
However, on the flip side, I am understandably eager to see a big rebound by NCYT with a return to favour and a justifiable re-rate. It’s a difficult one, but let’s take it one step at a time. A surge in SP for NCYT does not depend upon Covid running wild, it is influenced by the threat of it running wild. That threat is here already, so let’s hope that the SP rallies accordingly. At the same time, let’s all hope and prey (if that’s your thing) that it remains just that, just a threat.
If ever there was a perfect storm to catapult NCYT back up to where it belongs, then this is it. If ever there was a time to hope that NCYT (and it’s rivals) have the capacity to help prevent a new strain catching hold, then this is it.
HMG have, to be fair, reacted relatively quickly. Let’s hope they have the intellect and strength to take further actions that might be able to nip this in the bud.
GLA and stay safe.....