Member Info for Trendz

Interested to hear if anyone has set stop losses on their holdings here. I have set mine to coincide with a move to the downside from the current uptrend (dangerously close!)... in my experience, it’s best to give yourself a little extra leg room to stop your stop loss from being quickly taken out and then shooting back up but always wise to have one in case of a significant move to the downside. I know most people on here are only thinking about the upside!

But Novacyt have been awarded a massive UK government tender?? Or perhaps not yet after all... lack of volume here speaks volumes

Classy @Simple. Actually companies do this all the time - I am not saying its hiring just on hope, more like starting the hiring process based on expectation and being prepared. Anyway, we'll see. I hope you are right and the news comes in the next 24 hours or so but i'm just giving my own opinion.

OK - we'll see. So based on what you're saying, the RNS should land today then? Or are you saying that the tender has been awarded and the company is withholding it from the market?

I do know that because the company is under under an obligation to immediately announce price sensitive information. There are very limited circumstances where a company can delay the announcement of such information but this doesn't ever relate to supplier contracts in the ordinary course.

Yes but just to continue my 'baddie' role here, let's also be clear that no tender has been awarded to Novacyt yet... This is merely adding to the likelihood that we will get one (i.e. the company must be confident and thus making hiring steps to be ready).

Us* over

Wow - that is great news. Cumon Novacyt! They are clearing gearing up big time. I imagine that they must be confident of landing huge tender award. Let’s hope our incompetent government don’t **** is over!

Annoying that sentiment is turning against the company despite all the tailwinds...

Well it hasn't quite broken yet but could do today. Trading below 20 day MA and share price rallies weak. Here's a screenshot of the channel i'm watching. Crucial couple of days here! Need a bounce on good volume.

https://paste.pics/2a036fe9d2c3d6a1f05b7a63ae6f9a64

Such a stubborn share price. Upwards trend pretty much broken.

Be careful, gents. I can sell my full 100k in one lump above the bid - the MMs want your shares. Simple solution for us is to just not sell!

I have responded - let’s see if I get a response. Uncertainty is not good. If it is just 6 month statutory updates plus material projects/sales.. then fine but shareholders should know this. Any expectation of monthly or quarterly updates (regardless of materiality) will ultimately cause disappointment and will be reflected in the SP

"Good morning Mr [Me!],

As an AIM and Euronext company we have an obligation to update shareholders every six months with sales and financial results. If the Company chooses to update the market more regularly it is because there has been material news which has required an update. As the Company has been transformed through this past six months the level of materiality has also significantly changed and so news yesterday that warranted an RNS may not be considered material today and therefore would not be reported.

The Company is fully cognisant and compliant at all times with its disclosure obligations and rest assured material news flow will be disclosed immediately as required."

So, in summary, monthly sales updates are a thing of the past. This would only have been done earlier this year as the trading would have been material. So, let's get real folks. There is no imminent sales update! We are looking at 20m plus value contracts/projects for an RNS. I think the next update will be end of September.

Typical day expected here today! Open up down a couple of percent. Finish down 3-4 percent. No significant news other than random, unspecific tweets. Vaccine news knocking all Covid stocks. Hold firm and wait for next update. Will be plenty more dreadfully dull days ahead before then sadly. Oh and Bungle - don’t let other people put you off - this board is for all views and styles and you should check in now and again (even tho I can’t stand the RNS/ramping crew It’s important to have a diversity of posters)

From the BBC this morn - “ The army officers that seized control in Mali have announced that land and air borders will be reopened on Friday.

The borders were closed after a coup this week.

The coup leaders have also said they are in contact with opposition groups about starting the process of appointing a transitional president.

West African leaders have continued to call for the ousted president, Ibrahim Boubacar Keïta, to be reinstated immediately.

The regional bloc Ecowas says it is sending envoys to Mali to ensure the return of constitutional order.

The opposition has called for a rally on Friday in support of the coup.”

Borders reopening - peaceful - order will be restored soon.

Regularity*

I suspect it’s a tie up with government flying testing plans. I would love to know the company’s market update plan. They should inform the market - not calling for an imminent announcement. Don’t mind if it’s late September with the interims but we should at least know the regulatory and for what periods!

So, last year, the interims came out late September. I was originally thinking that this is when the next sales update would be but looking at last year’s interims, they only had one paragraph on post period (ie post 30 June) activity. I have tried contacting Novacyt IR but they won’t give an answer. The company really needs to communicate its regular reporting dates - this reflects poorly on the company

I can sell 80,000 shares in full above the bid and have been able to do so for a couple of hours. Someone mopping up shares!