Yes I am confident Novacyt are delivering what they say they will and working with the gov/NHS/PHE in a constructive way. They are very quite on the media front and very measured in their News Releases. Just stating the facts and not speculating. I get the feeling they are building strong relationships and acting with integrity. This approach may disappoint the traders in the short term but should deliver strong results in the long term
RE: lots of testing to be done...01 Apr 2020 22:56
Codey how much have you made on this share from a % gain point of view? I bought in on a ‘spike’ relatively late to the party at 125p. I’m now 48% up. Surely it’s better to just hold for the medium term now but interested to see if your strategy of trading it pays off or are you missing out on the jumps?
Gove confirms that supply is constrained by availability of reagents for tests. Government working with companies to resolve. Novacyt also mentioned on C4 news at 7 as one of the 3 tests being used by the NHS. It seems the Germans got the jump on the reagent supply in January hence they are testing 500k a day. I am sure that as the reagents are secured the orders will continue to ramp up all over the world
Looks possible. Don’t think we’ll see many pullbacks here now the confidence in the company delivering is there. So much news in the pipeline regarding orders, approvals, manufacturing, partnerships, etc. I know some get annoyed with values getting thrown about but I can see this sp doubling from here.
Does it matter unless you are looking to exit or for a trade and annoyed you didn’t sell first thing. This is just the dynamics of the market. We need buyers and sellers. What matters is that this will now steadily rise over the next few months as the team deliver on their plans. I would look at the closing price today as a better indicator of the sp
Not a share to trade anymore. This is the real deal. Steady re rate onward from here. Signposted news flow for the next few weeks as stated in the RNS. I expect IIs to be buying up shares now so watch this move fast. Who wouldn’t want to be investing in this company at this time.
We now know from the various news over the last 24 hours that it’s all antigen testing (NCYT type test) done in labs with multiple new labs being set up around the country. Boots staff are helping to run the labs and testing. There will be multiple test kit suppliers to reduce any supply chain risks. NCYT demand will be way over their capacity for the foreseeable future so just enjoy the ride. Should get an order/sales update next week
RE: Hypothetical and no way a criticism...27 Mar 2020 15:08
They must report news in line with the market regulations. The FDA news was out over the weekend so had to be communicated first thing Monday. The team are more interested in running the company and delivering results than worrying about release timings of news. If they deliver on what we think they’ve got lined up then the SP will take care of itself
One of the things I have learnt is to lower your expectations. Just because the you see the offer and bid at certain prices rarely means that is what you will achieve in these small aim companies. I was lucky to get in early on Wednesday at 08:30 at 15.93p as I had done my research with NCYT but I had to sell all the way up and down over the day. I could be annoyed I couldn’t sell the lot at the top for 100% profit however I am happy with the 50% I actually achieved. There are no games going on it’s just the market and how it’s made. Still hold half as I am keen to see where this ends up when the test is ready in 8 weeks time. If you want a tighter spread and more liquidity then only deal with FTSE shares but guess what the movements up are less dramatic
The problem is most came in here on the news so aren’t in it for the long haul. It’s a shame you didn’t get your average down more as I saw you calling this before the news dropped. I think in the medium term you’ll be back in profit when the test gets approved and sales come through. That will be a few months down the line though from here
Singapore already forecasting a recession. I think regardless of any positives most economies are headed that way even if a shorter lived one. Whilst Gold may act a little erratic to begin with it will still become the safe haven and prices should rise this year