When will the market realise COVID is here for the long run?16 May 2021 10:13
All of us LTH’s have been dismayed by the share price over the last few months. The vaccine rollout in the UK has been extremely successful and the sentiment has been that COVID is under control and that by June, our battle with COVID will be won. This is why the market is struggling to value NCYT and the longevity and value of its gold standard products.
The recent news and concern about the Indian variant is a major tipping point I believe. Many millions in the UK will remain unvaccinated, and will continue to catch and spread the virus. Those vaccinated will see their antibody levels fall over time and will be at risk again and will require booster jabs. New variants will arrive and spread and the cycle will continue. When the market fully recognises this there will be a significant re-rate of the share price as NCYT will no longer be seen as a 1 year wonder. Unfortunately, COVID is here to stay and very shortly Mr Market will recognise this and react accordingly. A new chapter is about to begin...