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In line with my previously stated expectations about big pharma continuing to do takeovers of existing established diagnostics companies. I have just seen the announcement about the BBI takeover by Novo……Wonder when others (NCYT, GDR, ABDX, ODX, etc) could follow….
Good luck to all on this board with your impending takeover .
I’m not crossramping 28jazcar but as you mentioned NCYT which I am invested in and have been for the last 15 months I have seen many similarities and agree with your sentiments on small to mid cap diagnostic companies been snapped up by the big boys .
Yep, I don’t think it was a coincidence Antha......
One of my investing methods is to look out for such signs that are outside of the normal pattern of trading.....
I was planning on increasing my IDH holding today having seen those delayed 13th May trades over the weekend but alas the RNS has put paid to that.....anyway it’s still been a nice earner of 70% profit for a 6 month hold.
Best of luck with how you re-invest your profits. Personally I am taking a look at EVG which has some great IP and is cashed up but seems to have been forgotten by the market for the time being.
28ja, those mega buys and the timing would suggest to me there was a bit of insider trading going on, too coincidental.
Good call 28J!
Congrats to all holders!
Well there you go. Is everyone in bed or have they fainted in shock? :)
I believe there is an ongoing accumulation of IDH shares by a significant buyer which was first started back in late April (see my previous thread). They look to have been slowly picking up shares in this illiquid stock over the past several weeks to avoid causing a SP spike.
Today we can see 2 very large buys printed from close of play yesterday (13th May). One for 140,000 shares at 260p and the other for 175,000 shares at 263p which like was done back in late April was sneakily reported over on the Aquis exchange......these two trades total up to be more than 1% of the Company.
They could continue to accumulate more stock in the coming weeks and if so sometime down the line we can expect to get a TR1 to tell us who is this mystery large volume buyer.....