I'm relaxed. Some Investors are chasing rainbows with covid stocks that are selling nothing but hopium, and will get burnt. The SP here will drop as a consequence. The fundamentals with NCYT have not changed. They will be selling every test that make and making huge sales figures. Once the market is informed, it will react appropriately IMO. GLA
This current period reminds me when the SP dropped over a 3 day period from around 210p to 168p.... A lack of news at the time so some investors sold up and chased other stocks...Some of us were lucky to top up at that level. A short period later and we were 500p+
Unlike the other rainbow chasing covid stocks this company is actually selling. Lots of selling, with their first mover advantage, established distribution network and enormous manufacturing lines. There are so many distributors and manufacturers that it's very de-risked IMO. I've had to help myself to another top up. DYOR. GLA.
I've got the 29th April down as the point that ARB decoupled from the BTC price. This corresponded to a 400% increase in ARB trading volume to 8.26M compared to the day before. IMO this was when Eric Chang was off loading his 8% holding in the company. Circa 20 Million shares in a very short period of time. Chang would have needed the volume to sell 20M shares into so had to pick the BTC bull run (which brought new investors on board) otherwise he'd sell the SP into the ground. A phone call to Mirabuad might have helped to offload his stock to an II, off market. ARB could have also purchased the shares from him.
What was going here on last Monday (11th may) 700k+ shares looked like they were bought from the trading history (many market as sells), trading volume 20 time’s today’s volume. One poster has noted some massive buys below... Any ideas?
With businesses planning on opening post lockdown and no solution to covid apart from ongoing social distancing this company could make a fortune here.
Forget theme parks for a moment, it’s removing queues in any business that should be targeted. I’d Start with supermarkets. With no vaccine roll out till probably 2021/2022 social distancing is here to stay. I hope the BoD are all over this and can provide a mobile phone app based solution to what is required. If it’s wrapped up in its current IP then this could be quiet an opportunity for this company. This could be the next novacyt with regards to growth opportunity and you can see what covid has done to that business! GLA SD
I make the point that many have made here previously. From the 2019 accounts it appears that we had been taken for a ride with large exceptional one off costs, which should not be repeated. If you re-read my post you'll see that my 2 cowboys line didn't name anyone. I agree that Edwards' strategy change has potential and I like the vision. I wouldn't categorise it yet as "successful". If he had managed the change with ALL the significant shareholders on board, then the Timis/Bixby event, and Chang (and other) share dumping would not have occurred, and the stock price would not be where it currently is. GLA SD
I agree on mirabaud not being useful to us at the moment. Maybe a change at the AGM should be explored. I can’t see how they have helped us recently. We have had several major shareholders offload (Eric Chang the most recent). Apart from Chang, they have not made these organisations TR1 and don’t seem interested in keeping the market informed. Why did they stand by whilst Chang dumped 7.95% of all the companies shares into the open market over a 2 week period? They could have been proactively pursuing an off market transition to another investor, not leave us vulnerable to a cheeky low ball take over bid. The new Bod and broker need to be be seen to be working for the shareholders, and not taking us for a ride like the last 2 cowboys did from what looks like a 2019 consultancy fee And payoff extravaganza! I like the vision here but the axe should be used for those not sharing it. SD
Hi Dan, I also topped up this afternoon. I just thought that the timing for your £17K top up was excellent as I feel things are turning here for the better. Lets hope this moves north and everyone here benefits. I agree, this stock has massive potential and is well positioned for the halving. BTC is having a go at 9900 as I type. Come Monday this share could really take off. Good Luck SD
Dan: That's unbelievable timing. You pitch up just at the moment that we've been sold to high heaven by a major share holder, hit the bounce on the technicals and at the precise moment Bitcoin goes on one of it's crazy moves north. Please tell me before you buy your next share! GLA