RE: Then what6 Oct 2021 14:32
For me the lack of comms has been definitely below par. However the longer term view of this is interesting. Around this time last year with the market viewing NCYT as an innovative and leader at the forefront of diagnostics we headed right into UK's lockdown 2 and the world was dizzy looking for answers. The SP was pushing and surging in a fashion that testing was part of the world solution to answering how society would open up.
This confidence and the 'load' on NCYT saw it in Oct become an incredible performer. This shows the world viewed testing as high on agenda. The business was well placed. That is still evident.
Where things for me have went wrong has been completely overplayed but only hampered by an ill mouthed BOD and also a lack of 'respect' some feel for shareholders.
In January, the 25th, to be precise this was in a good shape. It feel down after that however, the RNS at that time showed that (after the vaccine news in Nov) that the world was shifting, society WOULD reopen and testing as an investment was now second pony to vaccines and that there was mass competition.
To me the NCYT position at £10-12 was justified, at the time, but not long term sustainable as the 2021 position wouldnt 'last forever'. The gradual erosion to around £7-8 was therefore incoming. The BOD were panned at that stage and there was extensions this/ that the other being spoke over.
Mullins ended everyones 'huge' (pinch of salt) profits with the crude friday RNS In the April. Timing was rubbish but the giddy tone went and in fairness 440p that day was seen as an over reaction.
It rebounded to 515p from memory and everyone thought it would shake off, but then May society opened, DHSC issues rumbled and confidence went. It continued to go as taking on board that 2021 was seen as NCYTs swansong that 22 was always a bit dubious if covid PCR's and systems were less required in society (if perhaps in my eyes a dimwhitted view).
Now where it went was typical AIM. Shorters paradise. Lots of utter garbage on here and tonnes of dickswing posts, ramp this, deramp that and alot of noise over egos and garbage. The reality was that 440p was utopian.
It has never eclipsed 440p in april (in all reality) and in the recent 'good news' in August it looked like it would rest there but alas it didnt as the market didnt fancy it and for me NCYT thought it was time to clear out all the poor news hence the last RNS's have been doing exactly that.
So I had said in my eyes it would rest at 380-400 as a 'true value'. I stil believe that is true.
The current pantomine is precisely that. Its a demoralisin share that last October was the golden ticket but this year is a rotten apple. Its covid and its here to stay but the world has arisen and has solutions. Its up to NCYT whether this new chapter will see a broadly sustainable part to play in how we all 'live with covid' and exist.
I am still more glass half full. This share has tested resolve and is an