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They're going to end up owning it at this rate

Noel Borg did predict that this would start to recover late on today, before the recovery gets underway in earnest tomorrow. Fingers crossed.

Ignore maestro, he's a serial troll. Check out his posting history. I can assure you, he is detested across numerous boards for relentless deramping. If only he'd got his NCYT short on a week ago, instead of turning up just as we bottomed out.

I appreciate that following the bombshell last Friday we don't have such a clear view of what free cash balance NCYT has. But despite the fracas with DHSC, it is still considerable. And worth remembering that, as SP Angel noted, it was built "after substantial investment in working capital and paying down all outstanding debts." So cash accumulation rate was even higher than the cash mountain suggests.

How many AIM companies have this sort of basis?

Believe, maestro, believe

We are living through the ultimate share price test, ak-gabba

Income, guidfarr, income

Completely agree flushfrank. There's an awful lot of posters here and on twitter predicting armageddon tomorrow. What they really want, I think, is to rinse inexperienced panicky investors out of their shares so they can buy them bargain basement. They already are bargain basement imo.

Brookr2144, my advice is, never use a stop loss on AIM. 2 reasons. First, if the price blows through your stop in a period of intense volatility, the stop will trigger the sell, but it won't set the price, so the price you get could potentially be much lower than you have indicated. Second, MMs can see where stops are, and will occasionally absolutely crater the price to take them out, before rebounding up very sharply - even inside a minute. They have all the control in such a scenario, you have none.

If you are determined to sell at a set price, you need to monitor it yourself, and make an active decision on when to sell. I would suggest you don't during the first half hour of trading as that's often the most volatile.

One final thing. Yes, MMs can go fishing for stops. But they have not dictated the very steep share price fall on Friday. This is because NCYT, in common with many AIM shares, has a large shareholder base of private investors who trade on sentiment not logic, so the fear and greed factors are amplified. Thus, rapid share price rises and falls are both overdone with much greater amplitude than those of very big companies where institutions are the main shareholders.

For what its worth, I think the selloff here is already chronically overdone,

I'd recommend everyone go back to the first post in this thread and follow the link. An excellent and well informed assessment of where NCYT are, and what the future holds.

Net debt? Are you for real fairfiej? The company is debt free and sitting on a cash mountain.

Lots of posters talking this down today, trying to sow fear despair and panic. Why?

I had a back of the fag packet calculation of £14 sp. Pretty close to Numis's £15. And it was based on the contract being renewed, keeping revenues broadly in line where they had been, and a clearly articulated route to similar revenues in the future. And £14 would have been on a low PE underpinned by that.

I understood that we were trading at £7 to reflect the uncertainty of contract renewal, and without a roadmap for the way ahead.

So really the news yesterday simply reaffirmed the basis for the £7 sp.

We are now approaching the silly situation where half the market cap is underpinned by our cash pile. We have no debt. Even the trolls can't scream that there's a placing on the way. I mean, the company could actually announce a special one-off dividend of £2. Per share. Let that sink in.

With that cash pile, and our revenue which will still be £36m a quarter, debt would be easily available, and on competitive terms, if the company wanted to go for a strategic acquisition. Options are open, in a way they simply are not for most cash strapped, indebted AIM companies.

NCYT has shown itself to be quick to spot and seize an opportunity. It's R&D programme shows that it is building the flexibility to be able to respond to future opportunities. And, all Western governments will want to keep the machinery to respond to future pandemics in place. Somewhat like a standing army.

I can't tell what will happen next week. The price will drop if more people decide to sell out of NCYT. But taking a cool, calm view, the SP is significantly oversold already, and this is an opportunity to get a slice of a solid company at a discount.

Shorts closing? Lets see next week.

10% of the company's stock traded today. Can't be much left in panicky hands, although some people at work may still be catching up with the news. Great opportunity to buy in very cheaply imo, and I have done that.

Just tried a dummy sell, offered 83.1 for my full gdr holding. Admittedly not huge, but not inconsequential either, for me anyway, my biggest holding at the mo.

And with lockdown easing, and much talk of being able to fly abroad on holiday again, so long as you have a govt approves pcr test, hopefully revenue will start rolling in. After all, where better to buy than trusted pharmacist Boots. You know you're not getting scammed there. By summer with, fingers crossed, more contracts announced and very healthy sales updates we'll be looking back at the current share price amazed at how cheap it was.

Sorry Bish, but I agree with Templar here. Market cap is the critical metric. As for SP rises, its the percentage rise that counts, not some absolute number of pennies.

Printed

Ok, I was wrong that they closed off the downside last Sept, as they claimed to have done, and would set about the rebuilding. Given the improved underlying situation I'm pretty puzzled. Interested to see if CA throw in the towel. Or call an EGM.