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MMs have taken off the weakhands as they always do.
MMs kept doing it ncyt, again and again :)
MMs did with SNG at 30p, now 60p
MMs did with GDR...at 20p, now 40p
MMS will do with TILS at 70p.....(200p)
So no suprise there then...
Don't worry about delist off aim, the shares will only double when moves across to Nas, plus there is no shareholder approbal, and now with Covid drug treatment in the pipeline it will most likley not happen. :)
TILS aslo has another key drug in phase2, and now have £10M cash. SO why shoudl the pps stay at 60p. It was trading to 200p+ 2 years ago. so you buyers are getting these at low end, given all other Covid stocks have moved much higher, TILS drug is easy to deliver and has a couple of distinct advantages over others, therefore expect multiple of current pps regardless.
In the end the downside is limited (20%), upside 200%. take your pick. how many missed on ncyt on mis-information. it was not long ago. where £4 was impossible/ silly number, yet there sales are under £20m, and the mkt cap £200 - ask your self why. Well, Tills treatment will be needed for years to come to help illiminate infections in people that woud otherwise certianly die (liek you are seeing today - nothing is there to help them once the infection reaches the lungs!)
do some proper research fellas....
If they delist and they have stated that that is the intention then its just alot of hassle - probable be a period of time when you will not be able to trade and also will not be able to hold in your isa
And so may have to pay tax on any gains - this is not advice only my thoughts of that may or may not be correct
Tonnacombe....i have a trading account with Interactive Investor and it took me about 20 seconds to register for overseas trading which near enough includes every exchange including Nasdaq, and i imagine it will be the same simple and quick process for every other UK on-line broker. Gl ;-)
Although I seem to remember with shares solely listed on USA markets, you have to complete a US tax form, waiver or such like, brokers get a bit sweaty if you don’t do it promptly, think US regulations scare them.
And before folk get too excited, remember the value is basically 5 to 1 so you won't get an equivalent of 3.4 dollars for each share you have here !!!
There has been no sharehder approval to delist from Aim. If it does delist your shares get transfered to Ads. Nice and simple the broker does the paperwork. I had a similar situation with RLM 18monthd ago
Leslie - article from share magazine. ‘ Inflammation and oncology focused Tiziana Life Sciences said it had appointed advisers in relation to a planned redomicile to Bermuda that would see its shares delisted from AIM.
The move was expected to occur in the second quarter of 2020, the company said.
Tiziana also said it intended to cancel its American depository receipt program and have its Bermuda common shares listed on the Nasdaq exchange’
An article (from jan 2020) I’ve just read said at some point in the 2nd quarter of this year but no specifics. Could all change though. Not had experience with a dual listed stock for it to be delisted from one exchange, hopefully they will just transfer my/our aim listed stock and move them over to the Nasdaq. I’m pretty sure we will receive a ‘corporate action’ notice in your share dealing account if and when they do.
sorry just saw moneymunch post
they said in the rns, will delist in q2 this year as redomicile to bermuda. i agree with previous poster on this...cant find any further info on this
Please excuse my ignorance....what is the effect on UK holdings, should the company delist from AIM, but retain the NASDAQ listing?
The delisting was planned for Q2 2020, although every chance this could be delayed due to the impact of CV crisis, although it really isn't an issue as all TILS Aim shares would be exchanged for Nasdaq shares wjhich are easily traded on most UK on-line brokers that the majority of us use.
Here's a recent example of a dual listing, Summit's sp almost doubled on Nasdaq after delisting from Aim in February, all SUMM's Aim shareholders shares were converted/transferred to Nasdaq shares, Bring it on!!!, Gla :-)
February 11, 2020 05:00 ET | Source: Summit Therapeutics plc
Summit Therapeutics plc
(“Summit Therapeutics” or the “Company”)
AIM Delisting Reminder
Oxford, UK, and Cambridge, MA, US, 11 February 2020 - Summit Therapeutics (AIM: SUMM, NASDAQ: SMMT), a leader in antibiotic innovation, issues a reminder that, as previously announced and pursuant to AIM Rule 41, the Company’s ordinary shares of one penny nominal value (“Ordinary Shares”) will cease to be admitted to trading on AIM at 7.00 am on 24 February 2020. Accordingly, the final day of trading on AIM of the Company’s Ordinary Shares will be 21 February 2020.
The Company’s American Depositary Shares (“ADSs”) will remain listed on the Nasdaq Global Market and all public trading of shares in the Company after that date will take place on that exchange; one ADS is represented by five Ordinary Shares. Thereafter, Ordinary Shares will continue to be capable of being held and transferred in certificated form, but there will be no public market in the UK on which the shareholders of the Company will be able to trade Ordinary Shares.
Shareholder are able to convert Ordinary Shares into ADSs and by doing, are able to trade such ADSs on Nasdaq. Further information can be found on the Company’s website at https://www.summitplc.com/investors/investor-centre/ under the heading “AIM Delisting FAQs”.
When will it be delisted
Mms again took sp up above 100% to then bring it down 50% on more buys than sells. They’ve been doing this almost every day since the previous rns. They should be reported to the FCA, daylight robbers. Can’t wait for the delisting from Aim.