Make your money go further for just 25p per day

Novacyt: never a dull moment but time for greater clarity

21/05/2021 · Novacyt SA (NCYT) 

AIM Coronavirus UK

Covid test

News that a dispute with the DHSC extends to sales made in the 1st quarter of 2021 has pulled the shares down again, although, as we suggested previously, this was surely to be expected. Novacyt now needs to provide greater clarity on 2020 financial results and its current financial position, lawyers notwithstanding!


Shares in clinical diagnostics group Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT), tumbled further after an update on its ongoing dispute with the Department of Health and Social Care (‘DHSC’).


On 9 April 2021, Novacyt announced that it was in dispute with the DHSC in relation to its second supply contract and that this may have a material impact on Q4 2020 revenues. In the same announcement it was also noted that approximately 50% of Q1 2021…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Novacyt SA

A refocused business delivers

30/09/2022 · Company Insights

Having survived a near death experience several years ago, a manufacturer of specialist industrial equipment covered…


Better than expected

17/06/2022 · Company Insights

Some welcome good news at last for shareholders in this provider of online competitions to win…


More Company Insights

Stonking Small Caps: favourable court ruling lifts shares

22/05/2024 · PCI- PAL PLC

Bonkers Bargain receives an offer | Tough to understand

Bonkers Bargain: results reflect contract delays

21/05/2024 · IXICO PLC

Sign-up to our free email updates

SIGN UP