Member Info for Soder

Managements refusal to engage with providing guidance or current trading here raises a huge red flag for me. Why not even quote the current revenue run rate which they did pre Xmas and what led to the price collapsing? Most probably because it is now 30 from 34 as they said non ps was still under pressure and they want to buy some time to get a new contract over the line. This management team are a shambles.

i think they forgot (or deliberately left out) the UPDATE part of the trading UPDATE. Wonder why that would be?

Where is current trading? Also given so much of the biz is now contractual and non ps there is no excuse for not providing a forecast. They are a terrible and incompetent management team who do not give a toss about shareholders

It’s the single most pathetic testing update I have ever seen. Management are either holding something or they are incompetent. On both counts my head is telling me to sell. No out look, no commentary, no current B testing, nothing about the backlog, the industry tends. An absolute disgrace of an update. They treat shareholders like absolute ****.

No outlook, no current trading, no commentary. What they hiding? I’m out of this today. Had enough. Management are a disgrace who need reminding they work for the shareholders.

Has fatigue written all over it.

I own it from much higher and tbh not actually sure why I haven't thrown in the towel. The pre Xmas profit warning/trading update guided that they expect non PS to remain tough. They gave us a crappy run rate recurring revenue and we already know it’s a long lead time between winning a contract and generating revenues. I do think it’s undervalued but what unknown and positives can the update we get soon really contain to wake people up?

I think the prob with this stock may be one burned twice shy. How about torched many times and now not prepared to give a ****ty management team the benefit of doubt given they always find a way to destroy value no matter how positive their overall industry fundamentals are

The best thing about the increased II holdings is that in the main those shares are now off the market. They will be much much more sticky than in retail hands. This can only have a positive impact on the SP all other things being equal.

You are making a comparison by comparing apples and go-karts. One sells birthday cards which people have been and will send every year, forever...and the other sells covid tets during the only pandemic in my life time.

Our valuation will depend upon what they do with the cash.

Eh? It was a trading update. Why would you get all that detail. No one ever puts that detail in an update and no one was expecting it.

You dont need to be paid to recognise the sales revenue in your pnl. That’s why you have working capital (short term assets and liabilities). Very very basic accounting.

If ever the government needed confirmation of the importance of U.K. manufacturing by a UK company for its future testing infrastructure they just had out.

Guaranteed supply s as d availability comes only when you don’t have to rely on other countries.

Tourists and dream chasers on aim. So many traders Vs actual investors.

https://coronavirus.data.gov.uk/details/testing?areaType=nation&areaName=England

Look at the chart. Test test test. January alone looks like will be a bigger month than December and November combined. I will do some crunching of the numbers provided when not on my phone but just optically you can see 2021 is running hugely ahead of anything we saw in 2020 so far.

Just some co formation on current testing dynamic in UK. The government date for yesterday below.

Virus tests conducted in England
Latest data at nation level provided on 28 January 2021
Daily
703,176
Last 7 days
3,916,334

That’s up 268,398 (7.4%) from last week.

Let me be clear. We are currently throwing off cash. 80 percent cash conversion rate. It’s unheard of.

Porky, with all due respect, and I do love your enthusiasm...the company told you their guidance via the analyst community. You chose not listen. They have also told you quite a lot in that rns but you are again choosing not to listen. Moreover, how do you expect anyone to forecast covid? It changes day to day, week to week. I never expected we would be in full lock down again now, even at Christmas. Did you? But I can tell you that texting got it will be around a long time after 2021.

The company has said we need to connect the dots. We can do that. January will at least match December for number of tests. February and March same for October and November. Infact, as it’s stands I see now reason why ebitda for h1 21 won’t at least match that for h2 last year. That gives us 160m ebitda. They have said cash conversion rate is 80 percent. So that gives you an extra 130m of cash on top of the 100m cash they have plus a likely 50m tied up in working capital (they have said they have stock ready to go). That gives you an m&a war chest of nearly 300m in CASH this year.

They have also said they are a partner to the dhsc and In active dialogue. The government are still working out what they want their national testing infrastructure to look like post covid. But I would bet my life that ncyt will be part of it. All parties are working together and can’t rush the decisions given huge costs and how crucial it will be to future pandemic responses. It will happen thoughAnd the delay by the government is not exclusive to ncyt.

I sold some today so maybe I am a hypocrite but I am more confident than ever this business is going places and will be a diagnostics champion. We just need to stop demanding jam today now now now. Rome was not built in day. Listen to the company. Trust the company. And I am sure we will be very well reward as shareholders if we do that.

What a load of rubbish. We need management to spend the cash on bolt on acquisitions to diversify the product range and set up the business for a post covid world. You are in the wrong place for dividends. Management will create far far far far more shareholder value through M&a than they will giving us a poxy dividend.

You want dividends? Go but Vodafone, BP, BAT. This is not the place for you.

Thanks prop5. Trying to give a view based on actual facts and reality rather than complete fantasy valuations based on hot air and bluster.

It is undervalued but this stock became and crowded ramper trade into the rns . When that washes through over next few sessions I will buy back what I sold. Although I don’t really expect it to go below where are now...hopefully.

It’s not graham you should be cross with. It’s tayquant it’s porky. It’s all the other people who thought they knew more about this company than the insiders running it.

Did graham bully you at school?

All you need to know is in that release. If you cant understand and interpret it that not his fault. 80. Per. Cent. Cash. Conversion. Going. Forward.

Bob this is a research report. There is no link for public viewing.

Personally I want a dividend from my Vodafone shares not ncyt. I want these guys to buy a few diagnostic bolt ons to create a market leader across a wide range of products. That will give much more long term and real value to shareholders than a one off distribution.