Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I'm not keeping it with this company and have no idea. Things I see could be positive outcome from the dispute, but is there anything else? New BOD would also be a good development but I have no say in that
Other than the DHSC case being settled in NCYT favour I currently see little bullish potential at all. That's mainly as we're all in the dark about almost everything to do with this company.
It's difficult to form any sort of reasonable forecast or even guesstimate of where this is going due to the complete lack of substance coming from the BOD.
From my perspective it can really only be one of the following.
1/ The BOD are genuinely out of thier depth and don't have the skillset to drive this company forward.
2/ The BOD have lucked into a lottery win situation (covid windfall) and are now running this as a Lifestyle company with the aim to get as close to breakeven/small profit as possible and draw an income for life, which each year will increase handsomely. The DHSC spectre is actually staving off potential takeover predators.
Anyone else have a thrid or fourth possibility to add?
Starting to feel more and more like no.2...
Number 2. Who doesn’t want an easy life and pay day? They see the cash pile and it’s a fall back option to keep paying the salaries. Are they motivated and driven to try to grow this company in a tough market? Do they care?
I think it’s over for anyone with an average over £1-1.50
Feels like there needs to be a completely new board, new strategy and LTIP that is realistic. They constantly repeat the phrase about being in a strong position to grow but every metric is the complete opposite.
PI100
24 negative mongy posts so far today, from someone who holds less than £1000 worth of imaginary shares, that’s some hardcore 10p posting going on there …
3rd option a deal is already done and they are just treading water - using nda as smoke screen
IN MY OPINION
and why I hold and continue to buy? dyor not advice
I typed up my thoughts but realised it was longer than this mornings Rns, deleted it threw my teddy in the corner which bounced up and knocked the tv off the wall(part of this statement is untrue but you get the idea).
If a deal was already done, I would expect to see some urgency to get the DHSC monkey off our back.
We should've pinned them to court date last year and watched their case get torn a new ãrsêhole and thrown out.
Kicking the can down the road does nobody any good. It will be 2 years this April...
So frustrating as I really believed this company was going on to great things.
*frown emoji*
Have you thought, what if, the negotiations are happening, so they DONT have to go to court? Wont benefit either, imo?
Simpler to do a deal and move on?
That is my thought and once the T's crossed and I's dotted, then maybe we will get the announcement we are all waiting on?
If Dhsc thought they could win, dont you think the pressure to get 123 MILLION back would be far more assertive?
Where as with the Nova RNS " we have very strong grounds to assert the contract" are showing patience, and allowing the dispute to run, so as to keep themselves in frame for any further requirements in the future? Why burn a bridge if you know the money is eventually coming?
Better to cut costs, keep calm and carry on? KNOWING Mr Merger / Predator wants you (and the many millions) once resolved?
Well it makes sense in my Bi Polar world lolol
Afraid the RNs just showed the company is totally rudderless ,
Might well have said , “here is our ****e figures that you probably already know. We have absolutely no idea what’s happening this year. We can’t even give you any idea if we will even have any sales this year but don’t worry we still have £87M in cash. With regards the DHSC dispute then we are just waiting for the government to tell us when they will get around to looking at the problem.
Errr can’t think of anything else our shareholders would be interested in so until the next update goodbye”
We desperately need a new CEO who can give us some direction.
Have to agree Latic.
So covid sales declining, as expected, but non covid sales fell too so god knows what the BOD think they are doing. Should this not be the growth area?
It's all well having £87m in the bank but if you are losing over £10m a year then this cash pile will diminish quite quickly.
Whilst the DHSC case is frustrating and has clearly tied the BODs hands how about going down the mediation route - quicker and cheaper surely.
The company can do nothing until the Court case is over. No-one will sell them anything. There are technically bankrupt....the potential liability will see the company go into administration IF they lose.
I dont see anything the directors can do myself. The money is locked up until the result. They may have personal liability if they take action and then cannot pay.
Any buying here is a gamble. Win or bust. Nothing has changed. They are running the company down. The interest on the cash pile should cover most costs. Fighting the Government was never going to be a short term process.
The doom merchant barnetpeter resurrects from grave when 'bad news ' is announced by Novacyt . Must be related to PI100 , possibly twin brother .
...the mediation route is time consuming, but I haven't heard that we are no longer going down the mediation route. At the end of the mediation process is the court, who will have all the reasons laid out why negotiations have not led to a settlement before the case got to court.
If DHSC decide they don't want to pursue the case further, and they owe £81.5 million, that could happen on any day, and only DHSC know when it's right to make that decision.
That's why I stay in, - I'm certain Novacyt will win that argument.
I'm also fairly sure no M&A until they receive the funds.
That will be the time for any R&D, because at the moment the board are hiding from a takeover under the DHSC dispute.
I'm not sure there's a potential ceo out there. Who would want to take over at this basket case of a company ?
"The doom merchant barnetpeter resurrects from grave when 'bad news ' is announced by Novacyt . Must be related to PI100 , possibly twin brother ."
They can't be as one thinks the cash burn will be £25m next year & the other thinks the money is locked up & can't be touched. Which one is correct? Neither.
Buying my end.
KT is that what the green box said omg I wasn't aware we were paying out staff for hitting targets recently:((((
B2 you've said in effect we are hiding in plain sight re takeover for a while, I'm hoping you're right they surely can't be that bad. I've currently lost all confidence in our board of Directors to successfully visit the toilet and I'm patiently waiting on them pulling back the curtain to show us their marvellous illusion.
R and d Rns anybody? You can't spend substantial sums on it and show zilch, unless of course .........and I can't finish that sentence off as it may be viewed badly.
Slice of fiduciary duty pie for tea anyone.