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I'm just grateful it doesn't start with a 4 or 5!
We all know Monday was an over reaction but Monday still happened.
More than happy with where we are.
We know there is news to come but we also know this Covid demand increase has a limited lifespan. Yes Nova is more than a Covid stock but right now its a covid stock.
I aim to hold into Q1 2021 at least but its really does feel like a game of chicken now!
Simple - I agree nothing has changed. The problem is the wider market feel different.
This is why I feel we will only see more growth when hard facts and numbers are released to prove it.
There will be more vaccines coming soon. Ones that don't need -80c to store it. Deployment will be easier and fulfilment will be much easier when multiple vaccines are on offer.
Those things will spook the market again and prices may drop again. We are going to have to prove our worth with hard facts, magin and cash.
We all now the sales are progressing on the background. We all know we have an excellent management team with a track record of exits. I'm just saying growth will be based on proof of that now rather than belief.
I personally think the market had been spooked and if you look at our share price now is pretty much at a Market Cap inline with the forecast cash in bank at the end of 2021 from Numis.
I'd suggest confidence in Covid stocks has gone. We will hold at this sort of level until we can justify future profit.
That justification will need to come from the January Trading update or RNS of other large contracts.
I still have confidence in Nova we know its the gold standard Covid stock.
3 things will hold us back now:
1 - UK and other Govenments focus on testing numbers and not quality by pushing inaccurate LFT and Lamp Tests
2 - Confidence in Covid stocks has gone. OK we are more than a covid stock but many don't know that
3 - Huge amount if investors now looking to claw back losses will see breaking beyond previous highs so much harder.
We all know weighting significantly to one stock is very risky and I'm sure is against all our own investment plans.
Personally I usually invest in funds not single shares.
Nova very much goes against my investment strategy of medium/long term solid growth.
I have almost 80% of my portfolio in Nova, I know that's crazy.
But then Nova has changed my investment approach. For the next 6 months its a punt at life changing money. Eventually sell out of Nova and then back to funds and a 10%-15% a year growth target
Hoping we have seen the end/reduction in tree shakes now we are on SETs.
OK we all hope for growth and as some have said we know that's there its just when.
Main aim for now has to be stability. Keep day traders away and build a solid base above £10
What does everyone think?
Clearly lots of good news dotted around all over the place. None of it RNSable and in reality won't hit the share price until we get a trading update, which is a while away.
I'll go for £12.50 at the end of the week. We have stabilised at £10 and the £2m sell held us back on Friday.
A tweet from Martin Martin seems to suggest France hasn't approved Winterplex.
I'm not 100% sure as I'm struggling a little with the abbreviations.
See the link below noting the status of various tests of ours.
It flags HAS which we all know and CE.
CE is shown as approved to but then notes no approval for "CNR" while our other tests have this approval.
Can anyone clarify here?
https://twitter.com/MartinMatinTH/status/1324967910461345792?s=19
Post from Gasman suggests we are part of this after all
#ncyt #novacyt $alnov
Mass testing in Liverpool starts Friday.....
Pcr, lamp and ltf
Using the Frankd lamp test
Which in turn is run on our newly acquired #q32 machine ??
Novacyt ?? leading the way out of lockdown https://t.co/OejpPesxOh
https://twitter.com/gasman2020/status/1323709525430575105?s=19