Member Info for Soder

Sometimes everyone needs a cuddle and to be told it will be alright. I feel like I just got that. Thanks poidster.

Irrelevant. He says hard months to come. Dhsc say you can’t sell tests that will help as we have not validated them even though been used for months.

It’s not even the tail wagging the dog. It’s the tail dry humping the dog and not even having the decency to say thankyou after.

Government shambles.

What difference will new product launches make if we can’t get validated to sell the existing products in our home market where our government are doing their best to make us a diagnostics champion.

Some thoughts on that….

The rns yesterday made no mention of having to adjust overall guidance. It just said the impact of that one issue would be 3m. As such, as far as I am concerned the communicated guidance is still intact. Albeit that they would only need to update guidance if it was to differ to an extent that could be deemed material or have a material impact on Sp. 3 percent would not be classed as material.

I still believe 100m has to be beyond conservative given where they turned out at half year and the fact they had a totally unexpected boom in pcr for travel over the summer months. Everyone of the U.K. diagnostics providers apart from our glorious dip **** management made comment that July was a boom month that beat June due to travel reopening. Then august was even better than July. Needless to say, graham said **** all, but we will have benefitted from that.

Then, the 100m guidance was put out well before we started hitting 30-40k cases and 300-400k daily tests again in U.K. infact well well before. So we will benefit from that.

After the first half debacle I would assume when they put together the 100m guidance it was so water tight with huge headroom that not even their incompetence could see it not met. Surely?! Under promise and over deliver had to be the name of the game when the share price was being torched.

This management team are total scumbags. They drop dip dip any negative headline via poorly worded rns after poorly worded rns and put that on Twitter.

What a bunch of absolute ****s.

Ultimately these clowns are answerable to shareholders. They are able to do as they please given it is such a fragmented shareholder register. But if you got a decent quorum you should be able to approach them.

There is no valid reason why this biz would not conduct a strategic review.

Its main products are going to decline next year and they have communicated hing as to what they will do post covid. For all we know they could decide to spend OUR cash on opening a business renting big tops to the circus.

I can’t comment on the new CEO but they CFO was a clown at Flint and oversaw the demise of that **** show. The others are very meh.

This business cannot and should not be a vehicle for them to clip salaries. They products and tech they have created and better owned by a bigger and better business.

Qiagen exploring a combination with biomerirux.

I think scale is becoming more and more important here. You can have best tech and products in the world but you need vast vast distribution and sales as outside of the nhs the end markets are pretty fragmented. Eg individual vet and doctor surgeries etc.

DA should be doing a strategic review and putting this biz up for sale!

Re the MAC clause. They can be difficult to prove but in this case Its actually very easy to see what the material adverse change is. The mine was not approved which is the company’s sole asset.

This is a zero.

All cash will go to repaying the creditors.

I put this on a thread in July…

…There is something in the agreement that the auditors have said they must class as a short term liability. That means there is something in the agreement that means it is fully repayable.

Oia will not continue to support the company as with this ruling, quite simply, there is no company. Just an spv with a possible legal claim against the Spanish government. Oia can leave their money in and watch it burn and be spent on legal fees to try bail out private retail accounts or they can say “actually that is my money. It was for mine construction and not legal fight. I will take it back please”. If that optionality is not in that investment agreement I will eat my hat.

And if my aunt had a dick she would be my uncle. But she doesn’t.

Dry your eyes out and deal with the situation you find yourself in….or sell up and move on. The AIM casino has many many other opportunities for you to make these losses back.

I am not a huge AIM investor. But the names I am in I follow on lse as you. An get some decent info on these boards.

Without exception there is at least 1 dusterinming on every single board.

I am genuinely surprised that we have so many dip ****s in society. there are clearly an awful lot of villages missing an awful lot of idiots.

Agree in a way harchris.

I have stated my opinion on cash use previously.

There is nothing, and I do mean NOTHING, that would give shareholder a better IRR than a buy back when our sp is so low. To buy a company for 100-200m would actually give us pretty much **** all in ebitda given everyone else trades at crazy multiples apart from us.

100m maybe buys us 5m of ebitda and bossy the share price how much? 100m buy back bossy the share price how much?

Novacyt is not an employment vehicle for staff and directors to get salaries. It’s a business. And the first rule of business, is business.

If we were selling ventilators I get why cases may not matter. We are selling tests to confirm cases and no matter whether people are getting mildly sick or not people are still be tested and tested on a huge scale.

Mkt cap is irrelevant. An apples for apples comparison is via the concept of enterprise value as you say which takes account of NET debt. Net debt being gross debt minus cash on balance sheet.

Enterprise value (EV) = market cap PLUS net debt

And NET debt = a companies borrowings MINUS its cash position.

So, if you have more cash than debt (eg Novacyt) then you are running a net cash position. Ir your net debt is a NEGATIVE number. In this cash your enterprise value = Mkt cap - net cash.

You know Exxon drilled it right?

What is the obsession with “contracts”. People do realise you make sales without a contract right?

October 25-31 cases…

Italy +32%
France +12%
Germany +59%
U.K. -13% (due to half term)
Denmark +46%
Netherlands +19%
Belgium +24%
Austria + 42%
Switzerland +30%

All data continues to suggest that Europe is in the early stages of 4th wave.

Agree with this.

Let the dip **** majors give us assets for near free whilst they squander cash on green dreams with horrific IRRs in comparison.

Company it’s like save have been handed a golden ticket. It’s up to us to make sure we get in to wonkas chocolate factory and take the goodies.

Down but not out. Frontier drilling is what makes this investment so exciting. If we didn’t like that we should go invest in BP instead :)

Story still very much intact here.

Did not realise but stena give real time position of their fleet via their website.

The drillmax is still on top of Sapote-1. The live coordinates given on the site match those on the initial maritime notice for the drill location.

https://www.stena-drilling.com/rig-locations/

https://marad.gov.gy/wp-content/uploads/2021/08/No.-102_2021_EEPGL_Sapote_1_Drilling_Operation.pdf