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Happy you could be right just my assumption but yes any news and all that goes out the window, we could have vatic or avacta at any time or even saudi lots of news to come. I also notice how they playing with price. Spread show 27.5 - 29 but I just notice a buy for 36,330 shares at 27.5p! spread change very quickly then back again, someone being let in maybe. I might just bite the bullet.
Are you for real . Got to be a joke account
With the low "freefloat" dont think you could offload a million a day:someone is"selling 100k blocks:making £2500/£2800 profit on every 100k
Stas,
All good theory, but no one knows anything for sure. One bit of news can change everything very quickly and that news can come at any moment.
If those that are getting placement shares wanted to forward sell all of them we would have seen much more selling than we have. All those at 28p today are buys (though showing as sells) there have been a few larger sells yesterday but still small fry in comparison to the share pool. There are only 8 more trading days to the 21st. If I wanted to offload millions I would be selling more thank 100k a day?
Happy, I agree in a couple of months the price be higher, but as investor I want buy more and so not buy now as price will drop first. That is the problem, we know short term institutions selling so will remove buyers and price will drop. After 21st once the instis have their shares then normal business can be resumed. just have to accept that it probably drop before it go up and many traders in AIM that know this.
Stas,
Yes, I appreciate what you are saying but that's a very short term look ahead. My question was does anyone think it will be below 27/28p next month. I.e. mid Jan.
We would have had the RNS to say Avacta TT is complete, you would also guess in the current climate they will have no issues selling all that we can make.
Decent chance we may have Vatic TT complete by then as well,
Chance DHSC payment in, if not we are one month closer to that happening.
Always the outside chance of a nice suprise bit of news.
So, I can't see how, with all that happening on the backdrop of the worse covid wave in history the SP will be lower than it is today. But as I said, maybe I'm missing something so would be interested if anyone thinks differently?
"You can’t sell unless someone is buying" silly comment
On that basis no share price ever move
You can’t sell unless someone is buying
A lot of selling going on today
HD2U I gave reasoning but will re post
"IMO the stock will be forward sold with guarantee to be replaced at 25p. I expect institutions will accept no less than 5% profit (although I have seen less in these circumstances). If 5% is the figure, then 25p placing plus 5% profit should give a base of 26.25p before admission of up to 21,215,045 Second Admission Shares on or around the 21st Dec."
I do not want an argument just debate, I am invested and maybe have more but due to the placing and forward selling the price will be pushed down. I expect to buy at closer to 25p in the coming days.
BTW, if you do think this will be below 27/28p next month, I would very genuinely be interested to hear why. A bit of good grown up debate is always a good thing.
Maybe I'm missing something?
The placing is a significant thing to happen but its now old news, just causing a fairly pointless distraction. New shares are priced in already. Its why the SP went from 40p to 27p.
I just can't believe with all the bad (but good for this share) news going on there is not more interest in Europe's biggest LFT manufacturer right now? I guess its the "will placement shares make it go down" fear?
People should forget the placing. Yes it dilutes the shares (bad) but its put 5.5 million in the bank (good) they basically balance each other out, let's move on.
If you think ABDX SP will be higher next month then you should get some. If you think it will be lower than 27p you should sell.
Thanks:I've been reading the "Proposed placing RNS"
https://investegate.co.uk/abingdon-health-plc--abdx-/rns/result-of-placing--primarybid-and-subscription/202112011347582521U/
in section at bottom admission, settlement and dealings - last paragraph
Have read the RNS 3 times and still cannot see that!
nope much more
"Application will be made for the admission of up to 21,215,045 Second Admission Shares to trading on AIM (comprising 14,015,045 Second Placing Shares, 1,200,000 Subscription Shares, 2,000,000 PrimaryBid Shares and up to 4,000,000 Open Offer Shares) and, subject to, inter alia, Shareholder approval, dealings in the Second Admission Shares are expected to occur at 8.00 a.m. on or around 21 December 2021."
I expect the placing shares by Singer will be the shares to be churned, (plus the 1.2 million from the unknown investor, wonder if that's Myles McNulty) that's a lot of stock thus why I think we will see as near as 25p before any rise.
21 million 2nd placing? THOUGHT it was 10 million
Wouldn’t be surprised if we didn’t get any news till after the 21st to allow the placees out with a healthy profit. Be good to see some notifications that shares have gone to sticky hands
Or at least that is my assumption.
IMO the stock will be forward sold with guarantee to be replaced at 25p. I expect institutions will accept no less than 5% profit (although I have seen less in these circumstances). If 5% is the figure, then 25p placing plus 5% profit should give a base of 26.25p before admission of up to 21,215,045 Second Admission Shares on or around the 21st Dec.
Would be interested in others thoughts?