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I am amazed how much money these BOD can earn . As a medical guy , we have huge numbers of young GPs now unemployed and cannot find work because the government have replaced GPs with Advanced Nurse Practitioners / Paramedics / Physician Assistants / Pharmacists. As a result of unempolyment , huge numbers of GPs are moving to Australia / New Zealand.
Neilrich , my thinking is this , the precourt hearing is relating to the DHSC £135M claim which will be dismissed. Then we have Novacyt's counterclaim of £81.5M + interest. I feel this could go to court because Novacyt have strong grounds for full amounts and I don't think they will want to accept anything less.
I am anticipating DHSC will withdraw their dispute and agree to pay Novacyt the £81.5M + interest [~£10M ] .
With this cash , which would amount to a total of £130M+ , I would be eager to see how quickly they announce further acquisitions and what revenue that would bring. I am sure over the last 6 months they would have been searching for companies that they could buy and grow Novacyt. We have a CEO now that is very experienced in acquisitions. I cannot imagine LR has not got something lined up to acquire.
This RNS today and also the previous one should have been released in January 2024 , because it looks like they had already decided who the CEO / executive members would be and already allocated their LTIP. So the RNS today and the previous one are strategically scheduled. But , are they not legally obliged to release this information when they are taking December 2023 as base SP for LTIP.
It does make me sad with how us share holders are treated. We pay good money for these shares especially those who were buying in 2020 /2021/ 2022 and @ £3-£12/ share . The BOD have protected us share holders during these last 3 years. Now they reward themselves with 1 million free shares to CEO and CFO , CSO for reaching a low Base SP £1.38.
I paid a fortune for the shares I have . Yes these people will get it free.
I think they deliberately used the December 2023 SP for LTIP and they needed to get this sorted quickly so to make sure of a low SP base for LTIP . If they had waited till December 2024 , who knows what the SP could be then ? £5 , £10 , £15.....
But I am not happy with the fact they don't need to work hard to reach £1.38 .
I had to pay a incredible lot of money for my shares whereas LR will get close to 1 million shares for free
Kpa1 , my plan was really just to put £250K in Novacyt , which is what I did on 2nd October 2020 @ average of £7 . If i was smart and just knew that the DHSC would screw Novacyt i would have cashed out @ £11ish and made £400K -250K = £150K . Unfortunately, no one anticipated the RNS on 9th October 2021, and the SP crashed from £9 to £3.50 . It left me stuck at a high average like most people. Since then, I have been averaging down . That's my story.
The problem with this share , and I have been telling everyone this , is that because the BOD since Jaunary 2021 have neglected share holders with mainly negative RNS , it meant traders came in and created volatility in the SP. What we need now is institutional investors on board to take out this surplus shares off traders hands and stabilise the SP.
Amers , I will be off to Dubai and India soon . Hope you had a good time in India. This share will come good , have confidence. We will beat the DHSC and the money received , hopefully £130M+ will enable LR to go after some good companies to build this Novacyt into a mid cap company. We need to bring in institutional investors to take off those loose shares manipulated by traders.
I actually bought a £3000 valliant boiler this January. It's amazing , I can control it using a app on my mobile. I don't think Ideal boilers will be sponsors of WBA next season. Hopefully WBA win the play offs and get to premier league
A message for B2HS2L & dinglewolf . ( I wouldn't be surprised if it's the same person )
For your information. I will remain holding onto this share , in fact not sold one single share since I first bought Novacyt shares on 2nd October 2020. I will hold every single share until I feel I am satisfied I have got my profit. I don't need either of you to bully me off this BB. I am financially in very, very good shape and can hold my 210,000 shares and not in any rush to sell. This company will be a mid cap company. I am very confident, especially when they will get their £130M+ cash