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CB, good call.
I’ve recalculated IP group hard NAV based on today’s ONT shareprice/mcap. It’s around £1650m/155pps. Be careful not to throw aware your shares during this period!
Some v large buys going through. Some retail investors good screwed this morning. Brutal
and recovering now ,nice
" I'm intending to add more, but I'll wait to see if " buy on the rumour, sell on the news"
- it's not a bad plan waiting to buy after a good set of results or news release, you may miss out on a bit, but you may also gain a lot more than the rush to buy crowd.
For the moment, sitting on my hands again.
Huge overreaction. From recent press releases Greg Smith already appears to be leading and better a driven CEO than someone with one foot in retirement after ONT payout/success. Great day to buy and lucky timing for cestbon- well done. I’ve added a few more thousand at under 127 - amazing!
Yes as expected, this should go less 121p to 127p. Buy in time
IPO is down to 125p now ,looks like someone is not happy with a change and the markets are not helping.
change at the top,
GBX 129.08
5.09%
-6.92 Today
I know they have time to put up an RNS but I hope they either know more than us about ONT or else sold some before they started the downward march.
Much under £1.30 would surprise me,
but never say never etc.
Same I’m ready to top up next week on the punk drop delivered by the market makers (the dirty punks). You may see 121p next week on the board but I’ll take up to 127p
@cestbon IP group shareprice should never see those levels again (121-127p). If it does I'll be buying a truck load!
Oxford Nanopore Technologies Ltd
GBX 644.70
13.50%
+76.70 5D
Holding for now but worth buying next couple of weeks between 121p - 127p?
....if the co will be tempted to cream off some more Nano at 'the top' to add cash? Tempting in this market!
Exactly danrh - no point even considering the discount to NAV and share buybacks due
One last point in case anyone's forgotten - IP group now have £35m allocated to buying back the Group's shares when shareprice is at discount to NAV (i.e. now!)
"The Board is allocating £15m of this realisation [partial sale of Oxford nanopore holding] towards buybacks of its own shares. Including the £20m announced earlier this year, none of which has been utilised to date, a total of £35m is now reserved for buybacks. The buyback programme remains subject to various factors including our shareholder authorities to only buy back shares at a discount to Hard NAV per share"
P.S. anyone selling IP group shares at 135pps is crackers in my humble opinion. My money is where my mouth is, I for one am buying IP group this morning
@millikino I'm guessing IP group shareprice affected by institutional investors flipping some funds from IP group to nanopore for direct investment. However, flipping from IP group to ONT makes no sense for us retail investors at present due to the obvious disparity between ONT valuation (c £4.95bn based on current shareprice of 620pps!) and IP groups shareprice based on hard NAV which still includes 10.3% of ONT currently valued at £510m!
Sell the news and there is nothing to say that IPO needs to
trade around NAV.
It can trade above NAV obvs, or below.
Added.
ONT already factored in, happy to hold for now
ONT grey market price yesterday at 566-568p, This should put IPO NAV at 167p.
Have I missed something....ONT raise to over £6 a share and yet we gain just 3%! Are we due a bigger rise tomorrow or Monday?