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Is the dip over the last few days due to Invesco selling down their remaining holding?
If so the brakes could be off when this overhang clears. IMO, GLA
This is a great trading stock....buy when it gets near 20p and sell near 30p...that's the range for now...until the next set of upgrades hopefully come! Just topped up
really why?
I think the gap has been filled should see a rise above 30p soon
Forecasting is futile. All forecasts are wrong including mine. What have wind farms to do with a pharmaceutical company. I think we should be told!
For anyone interested uk wind seems to be doing a fair bit of buying wind farms over the last 6 months, hence low sells and large buys this a.m. back to the board anyone have views were the sp is heading over the next month or so?
The free float here must be c12.5% now, any further buying pressure and we could see a decent move north IMO. GLA
The big guns are still adding.
Ft do not mention Oryx either. Who are they the only one I can find is a small outfit in Oman. You don't mean O d I e r do you?
Have checked FT website correct to 3Feb. Holdings down to 1.5% Woodford not shown at all. I am not concerned personally about the correction. I assume Invesco one of the largest investors is not either.
The company website is not up to date with the latest figures; it doesn’t even show the Oryx position, for example.
CIR will be on the books of other institutions too, but we’ve all been focused on Woodford and Invesco, thinking that they’d be the only ones selling.
Perhaps the market are redeeming £££ from other funds, forcing them to sell off smaller positions such as CIR?
This drop, although expected (just not to this degree in only two days), has likely been caused by panicked retail investors and traders. It’s similar in magnitude to the one in early December, and that preceded bad news (coincidence or not, who knows?).
Coronavirus won’t be doing us any favours, but if you’re still convinced by the story and figures, now is simply the time to sit and be patient.
Just looked at aim rule 26 on circassia site. The lowest is 3.4% and Woodford is not shown. So either it is nil or less than 3.4% the free float is tiny so yesterday's fall is very puzzling.
Ps. Your right to say that WG Partners are invested in CIR but there is still a investment (less than 5%) in CIR in the Woodford Fund.
Nope.
This is the original article from The Times: https://www.thetimes.co.uk/article/new-blow-to-neil-woodford-investors-as-sell-off-fails-wfnsfdnxv
The article in Portfolio Advisor is only saying that CIR is an existing client of WG Partners. Not that the Woodford fund has any CIR
https://portfolio-adviser.com/woodford-investors-lose-550m-lifeline-for-unquoted-companies/
http://wgpartners.co.uk/clients/
It was from today. On Portfolio Advisor.
It was my understanding that Woodford had reduced its stake from 20% to 5% in September but there was still this amount outstanding.
Jonny the article you read must be many months old, Woodford's Fund disposed of the CIR shares sometime ago, Richard Griffiths picked up a bargain and now sits on >28%
I read with interest that the Woodford Fund has an interest in Circassia and that they have, so far, been unsuccessful in attracting another investor to take them on.
This issue isn’t unique to Circassia - for instance, it also affects Oxford Nanopore which I have an interest in.
Possible the Company's ongoing and developing plans in China is having a negative effect on SP??
Totally agree.
Had some more today myself
This has now pulled back after a strong rise but I've seen it as a further opportunity to top up. the fundamentals here are in place, with strong Institutional backing and a solid product pipeline.
Several brokers upgrades and strong buy recommendations, with Peel Hunt providing this:
Circassia reinvented
For Circassia, the Peel Hunt analysts noted that the firm has reinvented itself as a specialist respiratory pharma play having discontinued its allergy activities.
They added: “Progress has been swift, with a significant deal with AstraZeneca that brought US rights to two COPD products with combined peak sales potential of c$300mln.”
The analysts concluded that Circassia’s delivery on sales and cash at its half-year and strong operating leverage underpins their 120p target price for the stock, implying a near doubling of the share price.
Yes she used the same spiel. She also sprouted nonsense and rude about other people an their investments
same as marie1980 on advfn perhaps? Her excuse is that she is from Malta, and English is not her first language, and therefore comes across as rude but doesnt mean to?
This woman who was so rude has deleted all her details and closed her account. Wonder if she will start again as an alter ego. not unknown
Just topped up ;)