focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Here are the facts as per gov.uk link pasted below - 1.3million PCR tests carried out in the UK today by the NHS alone. They have a stated capacity of 900k daily tests so system is at 130% and individuals/business and government are seeking private tests to meet demand and avoid unwanted delays. Similar situation will likely unfold across the world and these test numbers will continue to increase in the coming weeks. With SP at £3.80, this is a unique opportunity considering we’ve already hit £4.80 is recent weeks and cleared those sellers. Although NCYT aren’t great with RNS’, they have averaged about 3 per month and we’ve only had one this month. My prediction is another RNS before Xmas, where they will have to acknowledge the huge increase in trade and £6 at this point is my target.
The fundamentals are phenomenal, everything is lining up so ill be taking this opportunity
https://coronavirus.data.gov.uk/details/testing
I’ve taken another £10k at 255p,
PE ratio 2. That’s incredible. We won’t see MCap meet cash because the share will rise in the near future. Nova has no debt. IMO it has £100m cash as we speak. Covid is the main income stream At present but it has other avenues for income and a new CEO is exactly what we need. Covid will provide profit until summer 2022 at least. There will be an rns in the coming weeks about how they plan to use the cash stockpile to grow income. IMO, we are at the bottom right now. Nova has the best fundamentals in the entire UK market bar none, if I’m wrong then name the company in a better financial situation. All my other holdings have debt and are paying a monthly interest. A golden egg in my honest opinion. Patience needed but you will be rewarded
For clarity I’ve been dipping in and out of Nova for the last year, with some successful and unsuccessful trades. Recently sold most of my position during the recent spike in profit at 360p, still holding a small amount but currently 20% down.
I’ve bought back in today and will be taking a large position early next week.
I urge you to read the H1 update again and keep calm. New products, new markets and a growing list of clients. The company has zero debt and had 77m in cash as of June, now likely to be £100m+. (Current MCap of £197m)
Disputed contract- it’s been written off the balance sheet along with the inventory, but it still worth something to the company. How much I don’t know, but I feel we’ll get an RNS some day in the near future where a settlement is agreed, and another 10-20m is added to the cash stockpile.
PCR testing- we have a excellent range of products, and just look at this PCR testing graph for the UK- https://coronavirus.data.gov.uk/details/testing
- On an upwards trajectory headed into the busiest time of the year for testing. It’s been 9 months since my last vaccine, so I’m back to square one immunity wise until I’m offered a booster.
We have a marketing team constantly seeking new clients and expanding into new territories.
I believe all the uncertainty is more than priced in and this is due to re rate within the next 2 weeks.Numis broker still re iterates 570p target, but personally I’m only in this for a trade, and will be looking to exit around £4 unless sentiment looks v bullish,
Lastly, what other companies are making these types of profit margins? The other companies in my portfolio, mostly FTSE 100/250 have debt they’re constantly servicing, earnings x20 smaller than their MCap and they’re facing serious inflation/uncertainty, so I’m treading carefully with these
And of course with Nova, always the possibility of an offer out of the blue for this company. An initial offer of £350m would be small fry to some of the bigger players who would see this as free money.
Just my opinion of course, and don’t invest what you can’t afford to lose.
Construction sector looking strong, and my local HSS says they’re working at full capacity. Should we expect a trading update before the interims?
This has been a lovely trade over the last few months will be buying back in on the drop . Moving over to HSS hire now which should see a steady rise towards interims
Where do you guys find out when these results are due?