IP Group is an investment company, I don't believe that they buy companies, they buy shares in the expectation like any other investor that the shares will rise in value. if the IP Group wanted to take over Avacta, why did it not take all of the new issue rather than holding back to allow two new investment houses in on the act? (one of them being NFU Mutual, I forget the other one). No one would buy a company that was commercially unproven and besides, Avacta more or less revolves around one person at the moment, which would not make good business sense to the IP Group Board. Excuse my ignorance, but what is wrt code 9......?
I'm not so sure that the bottom drawer is the place for AVCT shares. The recent placing was to accelerate the commercialization of mainly the Affimers, which will now bring forward the progress of this product and probably the predictions of Avacta's growth. I think that there will be a rise in the sp with the announcement of the launch of Sensipod, but the October interims will be most interesting. Will the Market concentrate on the losses or on the progress and future? I am building a holding in my ISA, but I will sell my trading account holding after the Sensipod announcement and buy into the ISA before October, hoping to get the best price all round. I think that bb and PP hold good solid views here and it's good to see our long term faith in Avacta starting to come good. It is true that our money could have been working harder elsewhere, but medium term the rewards I believe will be very good indeed, and long term? who knows.
Both great articles,this is the share I believe that will do everything it says on the tin.It might take time but I do think it is one to accumulate over time while the price is so cheap and ,whats the phrase,keep in the bottom drawer.
Hi All, in response to Blueberry - still keeping the faith, have watched the SP daily. Have increased my holding significantly, part rolled into a new ISA. Also, much appreciated the input from Wisheye following his visit. Projection for three years looks great even if it's half that indicated. Can confirm that buys often appear as sales on this site as I have recognised all my recent purchases/additions. Was very pleased to read about the appointment of the new Non-Executive Director. He appears to have all the right credentials and should bring a lot to the party. He looks to be a good addition in the event they have to contend with takeover approaches etc. Guess I remain very upbeat about what looks to be a very well run company with tremendous market opportunity ahead of them. Let's hope their markets stays strong despite everything else around them. I subscribe to the school of thought that the UK economy will one day soon super-correct with massive financial issues, at least 20% property correction and major bank collapse. The ticking time bomb remains the underlying problem of excessive personal debt, 1.6M interest only mortgages etc. etc. In reality we're far worse than all the PIG nations To me AVCT is an exciting punt, an intelligent gamble and a lot more fun than tying money up for one, two or more years at ridiculously low rates. Sorry about the rant.....I'm an optimist really!
As per usual, I could be wrong here, but I think that it is 30% of the shares in public hands. Around 48% is still owned by the company/directors. Dr. Smith said that He still had control of the company. I've never had a Singapore Sling, I prefer a Rusty Nail.
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