The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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RevoltingPeasant I hope you are wrong but something is driving the SP up (see my post below) but some time before US 12.50.
Delighted to see the continued rise but am a bit concerned that the Reddit/wallstreetbets crowd have apparently turned their attention to small pharma. Does anyone have a view on this? I need US D12.50 before I break even!
HI EP Currently SMMT on the NASDAQ is $8.31 which at $1.37 to the £ equates to £1.21 old money.I sold earlier in January approx 75% of my holdings fearing a drop then bought back in 25% into an ISA .Currently I am in profit for the retained shares & those I bought back in.
It is a mystery why the gradual increase in SP which does not seem to stop & I guess that some people are 'gambling' on positive results for the year end results 31.12.2020.I also think that the fact that a 'multibillionaire' is funding the Company has given some investors comfort.
I am now finally sticking for this tax year & will think again post 5/04/21 with regards my Non ISA shares currently up over 50%.
It is all a gamble & I wish you well.
Assuming sentiment and the recent fund raise, which should in theory mean little risk of dilution.
The only risk now being poor results ... but this is matched obviously by the opportunity of success !
Fingers crossed
My original 10,000 SUMM shares were transferred to 2,000 SMMT shares; so yes, I believe your understanding is correct.
Thanks Daz.
So say 5000 original UK shares ÷ 5 =1000 × $7 =$7000 .
So worth $7000 today? Bar exchange rates.
Have I that correct?
By 5!
Unsure what is taking this share price so high in recent months, no doubt due to belief in Robert Duggan and he's track record. I very happy to see this rise, as Ive been here for longer then originally planned. But would be nice to know why the take up? I dont believe phase 3 trials are expected for some time.
Wow nice push again for summit
Can't remember the ratio of US shares to 1 UK at the time .
Anyone know?
But great to see .