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bunch of sells today - wish I'd taken some profit at circa 50p.
https://jctynews.com/abzena-plc-abza-l-showing-positive-momentum-in-the-technicals/133824/
I agree with this sentiment. Interestingly, there's lots of information out there and CEO and FD have given regular (quite buoyant) updates on the progress of the company. Things, we're led to believe, are progressing very nicely. Let's hope it's soon reflected the SP. My feeling is that the AGM/presentations in sept may be something of a catalyst for upward movement. Hopefully we don't slip too far back in the meantime. GLA
In recent weeks, apart from the activity on the 3rd August, there has been a steady stream of 'sells'. Although they are small amounts...perhaps 500 to 15000 per day, they all add up. This In my opinion is a solid, long term investment and doesn't need all of the hype of the 'oil and gas' ramping, de-ramping and worthless debate, but does lack a certain pizzaz for those that need such a thing. The last post, before today was the 14th July...a month of silence. It's a poor analogy, but a friend of mine sells 'high end' sports cars. If left to accumulate dust and dirt over a few days, he knew that they would not sell...cleaning and polishing them on a daily basis was key to sales success. Perhaps a little more information, discussion and debate (cleaning and polishing) would help. Who knows? Just a thought.
Have any thoughts about recent SP movements?
Well, it does go some way to explaining the absence of noise on this board.
No he did not comment on this point.
Did the CEO comment on why the free float is comparatively low?
Yes - thanks very much for reporting back on that. I've believed for sometime that this is a hidden diamond in the broadly rough AIM market. I was underwater for a time, but have held steadfast and will continue to do so for a couple of years. I think the potential here is huge. DYOR GLA.
Presentation last night confirmed the same with the addition of 1.8 % held by directors as I mentioned last night when I got back
From the company website: The percentage of £0.002 Ordinary shares not being held in public hands is 80.6% Shares held in treasury: Nil £0.002 Ordinary shares. There are no restrictions on the transfer of Ordinary shares in the Company. Number of shares in issue – 213,639,236 Information correct as at 03 July 2017 Abzena has been notified or is aware of the following holdings of 3% or more of the issued share. Invesco Asset Management Limited – 25.8% Woodford Investment Management LLP – 23.0% Touchstone Innovations – 16.9% Hargreave Hale – 10.1% City Financial – 3.0% Information correct as at 30 June 2017
I went to the company presentation last night . Knew nothing about this company but may well invest now after hearing of their good story and progress. Seems they are getting pots of mew approaches to use their skills and good repeat business. £ in the bank to allow expansion of capacity and appromately 12 treatments suject to deals/royalties if they come good - so risk is spread. Seems they have established a one stop niche to work with and assist bios who do not have their skills. Will read a bit more today and then buy a few to tuck away. Good to hear that even tho' share price was depressed at time of recent fund taising they still raised all the £ they neede for the forseeable future rather than rasing less only to clme back latwr for more.
Re Board shares you are wrong . Its 1.8 per cent
70% of stock owned by bod, massive rns the other day. This is on an upward trend to 70p
Had a feeling this might happen. I'm not a chartist but a chap on another BB argues that charts suggest a break out upwards. CEO is presenting tomorrow which might fuel the upswing. http://www.proactiveinvestors.co.uk/register/event_details/106 GLA
Looks like a delayed reaction on a great RNS yesterday. Roll on 60-70p.
Nice bit of consolidation of yesterday's rise. GLA
Doesn't reconcile with the upswing. One can only surmise that some 'sells' are in fact 'buys', or there's a large order being filled in the background. GLA
Only upto £128million in payment.
Good work Abzena.
Actually, they've doubled their stake in the last month. Over 5% in may - now over 10% here in June. Takes their ownership of the company now to more than 10%. Dramatically reducing the freefloat of shares. Holding tight to my 100,000 shares, that's for sure.
..increased their stake, which explains the movement yesterday. Seems to be a lot of confidence among the IIs here. GLA
Passed. If we can hold this today, it will be good 'psychologically' for this share - if such an analogy is even possible. GLA