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Here we go!!!
It’s starting again ffs
The volumes were well up on the average yesterday when the SP plummeted
I don’t think they have an obligation to report.
Maybe they don’t want to as FY is reiterated but they now have a massive sales team apparently selling FA
Will they issue a Q3 trading update?
Is the poor communication, lack of strategy, no forward guidance, no updates on future products, double dealing RNS’s (good news, bad news) provisions so no profit is declared etc etc etc a deliberate attempt by the company to keep the share price low to use as a tool in negotiations with the DHSC?
‘’Look how you are hurting a great, world class British company’’.
Sorry guys n girls but I missed this today.
I’m not getting the significance of the comment made by GM.
Can someone enlighten me please?
Hey Steve the Investor
I think you have answered your own question.
There is no news and that is the problem. Investors only remember the recent highlights of falling revenue, reducing margin, increasing costs and cash burn, that’s why it’s down so much, allow me to remind you:-
Novacyt's net loss for the first half of 2021 rose to £12.7 million, or £.18 per share, from a year-ago profit of £35.1 million, or £.53 per share.
Contributing to the losses was a one-time exceptional cost of sales charge of £35.8 million tied to the DHSC dispute. The company's R&D spending in H1 2021 more than tripled year over year to £1.9 million from £518,000, while its general, sales, marketing, administrative, and distribution expenses rose 47 percent to £14.1 million from £9.6 million.
At the end of June, Novacyt had cash and cash equivalents totaling £77.2 million down from £100 million at year end
I put this out on 31 August with a notion it would come back to haunt many if you and deservedly so. You are so far up your own backsides that you can’t see the wood for the trees
HarChris
I was looking at the article by Roland Head, 18th August:-
My feeling is that Novacyt is likely to face continued challenges over the next year. Unless things go very well, I expect further falls in revenue and profits — and the share price.
For this reason, I won’t be buying Novacyt today. By Roland Head.
Jackin 36 said - not being rude Shelldonald but may I suggest you try Premium Bonds,
Blue light said - I suggest you read Broker Reports.
Kitties - talked about FUD
Brookr2144 said - once bitten twice shy (with regards to MF)
Porky said - not much to think about for the well researched here….. and the break out bull run continues
BYP said - hard not to buy at these incredible prices
All this when the share price was in the 380’s
Well I’m glad that I took notice and I now own shares priced in thev250’s.
Just goes to show what you well researched investors know. FA really
What…..
Some dude called 270 back in August and today it got there. It’s now at a critical juncture. If it breaks to the upside it could go quickly to 3.25 and if good positive news follows quickly then 450 is in sight. But the good news mustn’t be tempered by a splash of bad news.
If it breaks below 270 we could be looking into the abyss !!
Fingers crossed.
WBA
Go and connect with Porky9 then you can both enjoy each other’s fantasy land and it will at least stop you putting utter ****e on here.
Run along dear boy, quickly!!
I think you are all getting this wrong , please see below post from 10th June.
Same credibility as some other posters on here :~))
The fact that i am a doctor and have invested huge amounts of my own money ( £540K ) into Novacyt should highlight to everyone how much I have faith in Novacyt . I believe Novacyt have the best robust products in the world to detect covid19 . I don't invest in stock markets as a general rule as I do not gamble . I researched into Novacyt in detail before I put my money in last year . I know as a fact so many medical doctors have also put money into Novacyt , so this just shows how much we really do believe in this company .
I am going to hold as long as it takes . I am in because I know it will come good at the end , its just a shame its on AIM & the French stock exchange and the BOD have not been more dynamic with promoting the company up commercially to bring in more investors ( both private & institutional ) .
Prefer Merc myself but hope it never goes 1 or 2 series
Brent, you’re such a gent.
You know what I mean though
Fingers crossed
Be wonderful if they could generate 123M in 6 months.
I think a knighthood would be in order for GM
Brent, thank you and agreed, I’m no accountant but cash is cash!
My only point would be that most of what you mention happens year in year out so even if the tax is a bit higher would it make such an impact?
And this against a backdrop of a famous poster who talked about 200M CAB at Y/E 2021
Thanks Chris toffer but I can’t see how that would affect CAB, I could see it reducing profit but the cash at year end must have been in the bank, these seem like P/L adjustments so where did the 15M go.
Apologies if I’m being a bit thick ………
Can one of you clever posters explain why the cash dropped from 92M at 2020 year end to 77M at half year 2021 when so much has been sold in the first six months ?
Thanks
Agreed Ritchie
Buy in an area anywhere between 270 and 285