Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Have to be honest i got back to breakeven and dumped some this morning at 353p, need to reduce my exposure here.
Never sell on news I know I know but I need to rebalanced my portfolio.
I have gradually halved my exposure in Nova over the last 4 months with sales at 450p, 500p and a few at 353p today.
Hurts after holding some from 200p and seeing it all the way past £12
Researchers at the University of Birmingham said they have developed a test that is as sensitive as a PCR test but can give results in just a few minutes without the need for a laboratory
https://www.itv.com/news/2021-08-17/new-cheaper-and-faster-covid-test-could-soon-be-used-at-airports
I'm not saying I'm doubting Porky and who knows how big each person's pockets are in here.
But....if you look at the amount of posts adding new shares he must have at least 250k worth by now. Which is one hell of a pot for what we all know is a very risky share.
Still love his enthusiasm and still hoping his £57 lands one day!
Reality is you walk in as CEO and you are worried about DHSC with a risk of £127m and a provision of £20m.
Unless the case is going significantly in our favour you push for increased provision against that risk to ensure GM holds the can for that problem and not you.
I'd expect a provision uplift in the mid year unless we are very confident. Even if we are are confident as the new CEO I'd want the protection. Either he gets that or his performance is clearly measured excluding DHSC outcome, in which case he isn't a true leader in my view. Grab it, own it and drive it forward
Have to say that is one hell of and RNS
We haven't produced an LFT we have changed the market for LFT.
An LFT for home use that us actually accurate and almost as good as a PCR.
Now get it out to China for mass, cheap production and this thing should fly off the shelves
Richie I'll try and help explain here...
Cash in hand is Cash in and that's it.
The profit is the reason for the cash not additional to it.
Cash is needed to make the wheels of the business turn (working capital) so you can't pull the bank account to zero or we can't pay the next bill that comes along and the business grinds to a halt.
Lastly we don't want a dividend, we want acquisitions/investment to provide future economic benefit and increase the share price
Not saying Nova are worried about their position Airline, we know the margins are huge and we know the profit and cash position is very strong. Just saying demand is potentially significantly below supply to enable a donation to be justified financially at cost rates rather than revenue rates.
Not saying I'm right just saying there are a few possible drivers here
1 We are a great socially responsible business
2 We put the aid ahead of profits
3 We have excess supply so the donation costs very little
4 We have a clever marketing team
5 It's a sales pitch for future orders