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Novacyt has made a name for themselves with contracts and contacts at governments worldwide.
Governments will now stockpile for future pandemics so I would say a healthy baseline of sales at least in the tens of millions will be seen for years to come.
It's currently being valued based on sales of £20m per month.
I don't think we will see £100m in a month but I do think £30m to £40m is easily doable. If that's the case I can't see why NCYT won't double from here.
Got to see a good pop this morning after the weekend press.
With four bidders circling this is definitely going to be taken over.
The government will have purchased an equal or greater number of q16 and q32 machines.
Could easily be a £25m contract on its own, then there’s all the actual test kits that go in them.
Last update was over £22m sales in a month, with outlook saying second half would be even higher.
Nuts that the market cap here is still hovering around 200m.
Copied and pasted from Twitter:
Two new types of test splashed across the front pages today.
One of them is a machine that can process a single sample per hour ?????
The other one, the government has procured 450k of. One days worth of the government testing target ?????
#NCYT must be selling every test they make.
I trade on charts all the time, probably moreso than fundamentals, but I don't understand people who say "I don't think we'll ever see £5 again" based on a chart.
The chart can help you time your trades when getting in and out of a stock but if the fundamentals change - as they have been doing here on an almost weekly basis - the chart won't help you. It's a graphical representation of market sentiment and buy and sell zones. It doesn't predict the future.
Doubled up my holding, 8p/£13m mcap is silly for a company growing at this rate.
Backed up the truck at 2.3p. As close to a no-brainer in terms of risk vs. reward as I've seen on AIM recently.
Absolutely a chance of no deal happening but at this level it was worth a big punt.
Always baffles me why people will buy and hold a share for ages then sell out a few days before news is due to drop.
You have to remember even if you see 1m sell go through that’s only 30 grand. That could be any small PI getting bored. You will know if news leaks as it will move 50% one way or the other.
Personally I’ve added this morning.
The average daily volume for the past ten days has been 3 million and we’ve just had a 7 million share uncrossing trade. Wow.