The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Seadoc, to be quite honest with you I don't make predictions on this company. I'm purely going by what I'm seeing on the order books. The demand for a share in this company is constant their are people willing to buy what people are selling and vice versa. I've been able to sell and buy whatever amount I have chosen to. Today has been a very strong buy signal without question, due to it being very clearly oversold. The majority of people selling today I would presume a very nervous of going into negative numbers or as announced by the company a investing vehicle selling unwanted stock. My honest opinion is that we are cleaning up the office here. An oil change before going on a new longer journey. All in my opinion of course, looking at the numbers the company are making is quite remarkable really and by using the simplest of indicators shows that it is a very undervalued currently.
No one shorts when a stock is over sold, not even a shorter!
It's like placing a long trade when it's over bought.
I'll say this once, if this ship was sinking, you would not be able to sell because no one would be buying.
In terms of your specific question about the US when the Company is ready to give an update about a market it will do so. They did not update shareholders for some time as they prepared their position in the UK market as an example and it is certainly dangerous to provide a running commentary on what they are doing at any one time, but I'm pretty sure they will provide updates as they become material and therefore need to be disclosed.
The Company has taken revenues from €13m in 2019 to €130m (with its order commitments) in 5 months of 2020. They have also guided the market towards the financial performance of these sales by confirming the EBITDA margin of 50%. They have also confirmed their plans to remove all long term debt and issued an updated cash balance several days ago at €25m. when they issued the outlook for the Company several weeks ago they deliberately used the description of it being transformed. I hope the actual performance reaffirms your belief in the Company.
Buy more, hold but certainly don't sell is my advice, obviously take it with a pinch of salt!
Good day to you all
If you can't handle a 8-15% drop on a trading day, you really should not be investing on the AIM market. People are talking like the stock is crashing. Sellers are selling 1000's of shares and buyers are buying 1000's of shares. What is not to like? Every RNS this year has been positive, the company has no debt!!! Watch it swing boys and girls, the signs are all there. My suggestion is get a proper trading platform and learn about markets and trading or read the company communications and use common sense. This company is not crashing because people are investing. Watch her swing watch her swing.
Paul,
I'm trying to work out if your post is meant to be complicated or confusing? I really don't mean to wind you up here but let's be honest it reaks of panic!
I think you will be pleasantly surprised with the performance of this company.
Its amusing they ended their article with
"But shares in Novacyt fell 14.6 per cent, or 58p, to 340p yesterday. Annual results for 2019 showed losses had widened from £1.8million to £3.4million"
Even Ade would agree things are alot more mouth watering in 2020.
That's a fair calculation you've done there Ghia, but! Let's be honest that's not how the market works is it? If that was how you valued a company there would not be any point in trading shares. Interestingly enough that is some mouth watering numbers, 30% risk? I think you'll agree there is less risk currently if you collerate what we are selling and what is needed (obviously) globally.
Exactly! The important money is in and still taking position. It is as clear as day. Market 101 = take a position while there is control and sell (if you want) or hold while said position is generative