Not the greatest of days but at least £4 held! Hopefully a good rns or some further clarification in due course. On a positive, At least my oily 88e offset some of that with a +14% and impossible to buy at the end.
"Whilst the lack of a contract extension is expected to impact FY21 revenues, this is mitigated by international sales and private sector testing operations which contributed to half of Q121 trading. The Group is continuing to rollout PROmate™ in hospitals, private sector settings and international markets as well as launching additional products over the year, such as lateral flow tests. The contract dispute isa disappointing outcome for both parties, however, Novacyt has taken legal advice and believes it has strong grounds to assert its contractual rights. Given the uncertainty regarding the DHSC contract and limited visibility over future sales we have withdrawn our forecasts and have put our target price under review"
WHat i do know is that the timing of Friday's rns caused a lot of panicking and reactions that wouldn't have happened had the news come out at 7am or out of hours. The move was overdone so it'll recover from here.