The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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The NHS could face legal action if they don't follow the guidance.
Implications of avoiding the guidance...
Whilst the word ‘guidelines’ may conjure the impression of discretionary and optional advice, this is far from the case. Following the landmark case of Montgomery -v- Lanarkshire (2015) the way that practitioners dealt with consenting patients for operations significantly altered. Legal principles established through case law are binding and they cannot be ignored. The case law on NICE guidelines is likely to have the same effect. When making a decision about how to treat a patient, ignoring and failing to adhere to the NICE guidelines is likely to lead to legal consequences.
Does anybody know where the Barclays Smart Investor will be informed on the placing at 1.5 At the moment, they don’t know?
BankruptStock. Whilst I agree that it will take sales to turn this into a sustainable business, it is just wrong to say that NICE approval will not impact the SP, nor that this company are heavily in debt!
Bankruptstock, it’ll depend on whether you’ve maxed your allowance. If you have, like me, you won’t be able to add new cash to buy. I’m hoping I’ll be able to sell half my shares and use that freed cash to buy back at 1.5p
I spoke with HL and they said their corporate actions team will be reaching out soon to all customers , and also he said they have not had the full details from GDR yet .
Bankruptstock, statutory spelling hasn't improved and neither has her business acumen.
It stays in your ISA if you have the available allowance to add more cash to you ISA to buy them.
There’s no minimum period for holding the open offer shares once received. I’m not sure about the ISA question, I am still waiting to receive the offer from my broker. I think most will receive it after the circular has been sent out, this week I believe.
NICE Technology Appraisals are statutory guidance for which NHS healthcare services must make funding available and implement within three months of their date of issue. All other guidance, guidelines and quality standards are non-binding advice intended to assist the NHS in exercising its statutory duties. So is GDR statuary guidance? I think not.
If the SP remains at the 2.24p mark up to the time of placing, essentially well make 50% gain on the shares we purchase through the open offer (at 1.5p). Once placing out of the way and as we head to NICE news I can only see it going up. Does anybody know if we need to hold the open offer shares for a minimum period of time or can we sell them immediately (if we wanted too) once they are added to our individual trading account? One other question, do you know if the shares acquired through open offer get automatically added to a stocks and shares isa if that's where you're holding ia currently? Many thanks for amy comments people may have
Not sure there will be any corporate action until after the GM and resolutions passed, or am I wrong in thinking this?
I use Barclays smart investor ... anyone else ? no corporate action as yet ???
It’s an obligation to use the most cost effective approved solution
The NHS has no legal obligation to follow NICE recommendations and any NICE approval will have no bearing on the share price until massive sales start coming through. This company is heavily in debt and needs a contract like a premier league footballer to even hit 10p again.
NICE full recommendation in July, UKCA marking and the devote study all coinciding around the same time should result in sales beginning straight away. The NHS will clearly need to follow NICE’s recommendation and order the test.
The need for the cash raise has pushed this down from 8p. It meant that the huge NICE news had no impact on the medium term share price. Needs to rerate now. The opportunity for sub 2p has passed IMO
The news from Nice will just be a traders spike. Only sustained sales will tell and effectively you ll be going 6 months with no real news
The open offer will increase demand imo as people will need to hold shares in order to take part. Then once the shares have been issued in June it will be a matter of weeks until the July NICE news and not many will be selling in the lead up to that, quite the opposite.
Of course it will
Dont worry sp will go under 1.5p for awhile..
A few on here have been asking how they can take part in the placing. If you are with HL you should get an email similar to the example i attach below from BOIL. It will give full details of the offer price and deadline for applications etc.
What is happening?
Baron Oil (BOIL) have announced their intention to raise £5m via a placing for institutional investors and a Retail Offer for individual investors.
Baron Oil have decided not to issue a prospectus as part of the fundraising. This means that the Offer has been limited to the sterling equivalent of €8 million and will only be open for a very short period. It also means that information relating to the fundraising is limited to the Company announcement.
Applications are due to close at 5pm on 15 November 2022.
The Offer price will be 0.12 pence per share.
AND FINALLY
The man or woman who hasn't seen an investment go wrong or made a bad call has never lived, in my humble opinion. Even the great Warren Buffet makes mistakes and admits to them, although their appears to be a few Nostradamus type characters on here who are exceptional investors, never make mistakes, and who can predict the future - yea right - strange that isn't it? Most of them aren't shareholders by the way!
I admit that i've got this one wrong and i'm averaging down further in the hope of better days ahead - theirs no shame in that - we'll all live to fight another day - its called life!
GLA.
Stephen11.
Johnboi1968 - Is it worth averaging down with the 1.5 p offer or will it drop below just like most of my shares especially syme and eua
This company has 2 great things that could change the SP from Pennies to pound or so. EUA have nothing to sell, if they did, it would have been done by now. Talking about here, if they don't raise enough funds, we will be take over target. One company that will be interested would be Novacyt . Averaging down can work, in some cases, if the company have good products coming their way. T have avg down in Novacyt and now in profit. Please do your own research.
Is anyone with hl and bought shares or had any kind of communication ?
Hi Is this a winner. Have you signed up for Cag at Copl?
I see you were a genuine holder so will have lost big there. Time to get your money back!
Again Rud, thank you, this is helpful