Netscientific Share Discussion Threads

[yasx] 26/10/2017 22:57

Looking marginally better...

[yasx] 26/10/2017 22:57

Looking marginally better...

[mortimer7] 28/9/2017 09:42

interims today - ongoing despair.

[purple11] 10/9/2017 10:29

During a summer which saw bet after bet turn bad... Woodford comes clean: I'm sorry I've lost a fortune

[moneytree1] 25/8/2017 16:04

selling @38 now...

[moneytree1] 25/8/2017 16:04

down down deeper and down

[runwaypaul] 23/8/2017 09:48

wonder if this will go the way of sphere medical. another Woodford complete write off.

That mans lost his touch big time.....

In laymans terms it looks like these startups were just hitting him for money.

[runwaypaul] 10/8/2017 15:00

chuckle chuckle......

[runwaypaul] 10/8/2017 15:00

and flush......

[mortimer7] 19/7/2017 12:53

Similarly, I followed Woodford here. They must be sitting on a massive loss.
Can't think of any reason why I shouldn't bin this off.

[escapetohome] 19/7/2017 12:46

I bought a few here but woodford is also a large holder here.

So i thought i would buy a few. £ 600 squandered.

I will live, but for that amount of money i put in im not worried.

[moneytree1] 19/7/2017 12:31

looks likely, breaking down again.

confused as to why some posters seem to think YASX knows what he's talking about.

looked at some of his recent calls NSCI MRS EQT etc....all complete wipeouts.

[blueball] 17/6/2017 14:40

My target is 30p this year.

[buywell3] 17/6/2017 08:35

From what I can see of this only one BOD member has shares

Less than £10K worth bought years back at £1.61

Nobody on the BOD has bought since

Why should you ?

[runwaypaul] 05/6/2017 07:19

standard...need to try and get that placing stock sold.

[aim_trader] 01/6/2017 15:33

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[che7win] 25/5/2017 22:08

YasX, Can't win 'em all, this investment didn't have anything remotely attractive to me, the dilution was always coming.Escape, yes, it is very cash hungry right now and no near term triggers to reduce this.

[escapetohome] 25/5/2017 20:12

It seems that you predicted this correctly Chewin after all.

[yasx] 25/5/2017 20:07

Chewin,

I had expected the company to raise funds, but by way of reduction of stakes in any of the portfolio assets. Even a placing of shares like that announced today would be tolerable had they demonstrated something fairly significant in terms of steps to commercialisation prior to it.

But, after a year and more of non-delivery coupled with periodic promises of improvements to come, to announce this today is fairly woeful.

One has to back the management when investing - I no longer am able to back the current Board. If I were Woodford, I would seek a vote of no confidence and remove the upper layers.

[yasx] 25/5/2017 20:03

All,

I must say I am rather disenchanted by the placing today - indeed, I was not even aware of it.

The fact that a recent disposal was not quantified suggests it was not worth much. I wonder what Woodford thinks of it all, but perhaps he will throw more money at it by participating in the recent placing.

I certainly will not. I think they have had sufficient time to prove themselves, and repeatedly referencing inflection points without tangible delivery is not enough.

If there is a spike I will reduce my position, though will likely retain some exposure just to see how things fare. But, with the current Board in place, I will not buy any.

This has not been a good call - wrong trades one can accept, but when it is an investment one can get it wrong occasionally but it does dent the ego to some degree, but, there we are.

[che7win] 25/5/2017 12:30

yazx,
my analysis has proven correct, I called this out against you from last October and consistently stated they would raise cash.

Are you going to at least admit to your readers that the 'sagacious cha'p was barking up the wrong tree here.

No need to apologize to me, we all make mistakes, I accept you are not infallible just as I'm not, but this was so obvious, I don't know how you got this so wrong and suckered in others...


che7win10 Oct '16 - 09:41 - 502 of 676 1 0 Edit
I think there will be another deeply discounted fundraising here, another jam tomorrow situation.

che7win21 Oct '16 - 12:35 - 525 of 676 1 0 Edit
What happens if they have to raise capital, probably at discount to current prices?

Another £15m needed soon 33% dilution?

che7win17 Nov '16 - 12:41 - 546 of 676 0 0 Edit
They need to raise cash.

yasX10 Feb '17 - 23:13 - 571 of 676 0 0
Since October Che7win has been talking about a placing being imminent - well, still no sign of it.

che7win1 Feb '17 - 09:49 - 556 of 676 3 0 Edit
New low, when is the fund raising?

che7win11 Feb '17 - 09:33 - 595 of 676 0 0 Edit
I have losses last financial year at £14.7m and losses this year forecast at £13.2m.

Revenue this year £4.3m and market cap £30m.

EPS -20p!!!

When are they going to write off Glucosense Yaz, another loss to add to this!

che7win11 Feb '17 - 09:36 - 596 of 676 0 0 Edit
From my research ( seems I'm the only one publishing research here), I assess the net funding obligation of c £15m at the subsidiary level (down from £18m).

I also assess that these financings will need a fund raising and assets will need to be written down for past failures.

Along side that, further ownership upside will be limited due to dilution to NSCI from equity release.

che7win11 Feb '17 - 09:41 - 597 of 676 0 0 Edit
Contrary to the sagacious chap, I'm predicting the funding increases from last year and cash haemorrhaging continues.

I also predict to the great disappointment from aforementioned avatar (as I've been doing for some time) that the company will have to raise more cash.

che7win11 Feb '17 - 09:42 - 598 of 676 0 0 Edit
Where is the £15m cash this company needs going to come from?


che7win7 Mar '17 - 15:23 - 647 of 676 1 0 Edit
I stand by a fund raising or diluting deal this year.

che7win11 Feb '17 - 08:52 - 587 of 676 0 0 Edit
What does the sagacious chap say about the haemorrhaging of cash here? What about the cash burn?

Does the sagacious chap ignore the cash burn or not worry about it?

"Numbers are not particularly meaningful for a company at this stage of development, but for the record revenue in the first half of 2016 grew to £359,243 from £55,000 the year before, while the loss before tax widened to £6.13mln from £4.39mln.

Available cash at the end of June had diminished to £15.9mln from £23.2mln at the end of 2015."

che7win11 Feb '17 - 09:08 - 589 of 676 0 0 Edit
I reckon less than £7m cash left end of this month, cash burn at £7m per 6 months, is that fair? So £1m+ per month outflow?

They had £23.2m last financial year ending 31st Dec 2015, that fell to £15.9m by June 2016.

So 6 months cash left, unless they do an outsourcing and sell down assets or raise cash or list?

YazX, you promised a deal before end of last year, maybe you failed to read the following:

"The Group will continue to focus on its portfolio companies and manage the remaining portfolio, seeking to maximise shareholder return in the form of capital growth. However, there are no fixed targets for the length of time during which an investment may be held, as this will be dependent both on progress and availability of funding, with a view to maximising shareholder value and generating funds for re-investment in the pipeline.".
yasX16 Feb '17 - 01:37 - 632 of 676 1 0
Meanwhile NSCI holding firm the past few days - looks like Chewin was advising selling yet another stock at the very bottom. He really is a perfect contrarian signal.

che7win3 Apr '17 - 07:24 - 658 of 676 0 0 Edit
Cash burn increasing, I continue to think they will need to raise cash, increase debt or sell assets. Less than one years cash left.

che7win3 Apr '17 - 12:24 - 661 of 676 1 0 Edit
It is not an investment, a dog of a stock and burning cash at increasing rates.
Why don't you just admit they will need cash soon? Called wrong.

yasX16 Feb '17 - 01:37 - 632 of 676 1 0
Meanwhile NSCI holding firm the past few days - looks like Chewin was advising selling yet another stock at the very bottom. He really is a perfect contrarian signal.

[runwaypaul] 25/5/2017 12:11

not for them...maybe worth keeping an eye on now as they often pump after placing to clear the stock.

not buying until I see some positive action,they often go under placing price too..and summer doldrums could drift it..atb

[runwaypaul] 25/5/2017 11:55

predictably, hand out @45p