Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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Did the courts not rule over cases in favour of the customer which opened the floodgates????
Been watching this share trying to catch the bottom. am i glad did not jump in yet. think i will wait it out until martin lewis finds something else to yap about .
The whole thing is BS. The contracts were signed and consented by the end users.
This is just the FCA flexing to show worth, however legally they have no real ground.
All the cases have already been through out and just the FCA trying to justify their existence.
Big boys up so far .
Might have posters on payroll here.
Open Short Positions in Close Bros
Fund.......................................... % Short Change Date Changed
Millennium Capital (Difc) Limited 0.56% 0.00%... 13 Feb 2024
Marshall Wace Llp...................... 0.62% 0.08%.. 12 Feb 2024
Total 1.18%
Is not it great that the FCA can make rules that can be enforced retroactively by the companies concerned? It is like giving you a fine because you smoked some cigarette in a club 20 years ago.
fca probe and martin lewis all over it....is the worst ****tail mix.
i am not invested here....but for pi's that are i would cut your losses and run for the hills. this has a long way to run and will be torturous.....google amigo and the torturous process that those pi's went through.....obviously different scenario.....and may be a slightly different outcome for cbg in the end but will have a significant material impact on the company and the sp....no doubt.
gla.
Just pulled at 311/12 - has to be worth a few shares - 250p I am all in.
Just set a limit for buying 1500 at 290p - you never know. My luck if it triggers it's not the bottom i.e. still too high.
Bought 320p limit went strait through .
Was giving up shares for lent , has not started well sold a USA share last night used funds to double up here .
@HorisM
I dont disagree
But the 'noise' could last a while and create an opportunity for traders who will 'enjoy' the wild ride.
Not that I'm a trader.
The BoD took the appropriate action with the dividend stop, however the FCA investigation is complete BS and just them flexing.
Fact is the interest and contracts were clear, and all previous cases of consumers complaining were dismissed.
All this has done is great a fantastic investment opportunity, the company is making £94m a year profit against an MCAP of £500m
Grapeboy posted 28/9/21 "I am amazed it’s not far off 2 years since the previous post".
That changed 600 posts last two years.
I decided to buy 25/10/21 at 1450p down 20% this morning to 326p another weed , not all to be found on AIM.
They have just carried on falling since the buy.
Like the company says the risk from the insurance issue is unknowable.
With MArtin Lewis on the case encouraging complaints the uncertainty will last a while.
The share price will react on a whim.
Its already down 50% since january.
The low could be a long way away.
Looking through the charts the drop was well overdone, they placed aggressive low prices yet there was few sellers.
the whole way down was a minimal amount of low prices and few sells, and there was a big buy sat waiting at the bottom.
give this a day and those with holdings from the 500+ will start loading to average down.
The company is expecting a nice AOP of approximately £94 million, after Group (central functions) net expenses.
Expect that the FCA will come to little, the insurance contracts are solid and the terms are clear, its all sensation storm in a tea cup stuff. The issue for Close Brothers is the grey clouds why the investigation is open.
However, for any big firms this is now a great investment opportunity, as a fund to lot up on now and hold for a couple of years to make 30-50% profit. We should see some large loading by the end of day.
Retesting the days low so let's dance
2 year investment window with dividends back = £££££ lots of profit from here
Could have been worse - could have been in GENUS !
Smash and Grab by the MM's, back to £10 over time
Good going if only to average down - these opportunities only come buy every 10 years - at todays price with a 2 year view this will be £6.
Again, not exactly new news that its uncertain how much will need to be paid. The divi cut was expected also and is prudent. I've bought some down here. Good luck all.
Feeling this will be green after the inital shock.
This will down more as uncertain in terms how much money it need to deal with matters. Business in good health but market doesn't like uncertain then with more shorters come in so waiting more time to settle down not bottom yes.
Good time to accumulate, FCA issues priced in.