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I WILL WAIT a bit
Have not looked for a while any problems here if not its a buy will quick check
Ready for strong reversal.
I wonder if the CEO has something left field up his sleeve re XF-73 Nasal? Otherwise the M3 switch looks an odd decision, from DEST's perspective the best time to switch to a solid formulation would have been post Phase 3 but before market release giving them plenty of time in parallel with Phase 3 for preparation and disolution equivalence testing. Does the CEO really think that using a liquid formulation might actually impact Phase 3 through non compliance??
This can do 100% any time.
Selling not done yet this will be up about 30% on the day when it stops
Time to be in to win.🚀🚀🚀
You will always get the egotistical people like Alamo saying I was right to sell (even though he’s actually worse off due to HEMO) when a SP is dropping but mark my words they’ll disappear when it starts rising and it will!
I have been around long enough to have felt the pain in stocks that have gone on to 5 bag and some I’ve got impatient sold and then they have bagged that’s even more gutting!
I also have no problem cutting a stock I don’t believe in but for me I very much still believe in the story and the CEO here, yes it’s frustrating and painful watching it drop but you have to just switch off and ride it out or sell if you don’t believe.
I’ve never been in a company where they have addresses a fall in SP via an RNS and as JH pointed out to me CT doesn’t do interviews via proactive etc so it is not unusual that we haven’t heard anything. The accounts are due I think in April so that will tell us where we are in terms of a deal if talks are still ongoing in the forward looking statement and if still cashed up to Q1 25.
You only have to look at the chart to see how quickly it can go up and down and mms are happy to keep driving it down if people keep selling and that’s all that’s happening.
I think the Mcap is getting silly for the assets we have at the stage they are at and soon or later it will start getting bought up IMHO GLA
I have been, but having seen it drop down a few times to the mid 30s, I bought there - looks like I shot my bolt too soon.
Alamo please stop being so silly you sold at 38p and bought HEMO at 4p which is now under 2p so like I said if you’d of held your holding would be worth 50% more currently so stop being bitter and post on HEMO they need your ramping there mate your boring me here
There is very little buying on the opposite side of the sellers.
Hence the sellers are selling against themselves driving the price down.
What is their minimum price.
Next support is 25.5p - 27p then its new all time lows
Sellers lack of positive news. If the upfront payment on the XF73 JV is small the assitional funds will be needed.
Maybe another massive discounted fundraise along with the JV
Well, I don't know, but it feels like I'm the only one buying down here. Having previously bought at just under 30p and then sold in the mid 60's, I have very fond recent memories of this share! Never thought I'd have an opportunity to re-buy at under 30p, but that's exactly what has been presented to me.
Position size appropriately to ensure one can handle the volatility and, with luck, investors should be 'fine in time'...
Still happy here Brooko? I reiterate your post last year when the sp was 68p.
I intend to get back in here but at the moment it's a falling knife, company should update on funding or are they waiting for 20p?
"Couldn’t agree more, I believe it was obvious that a deal wouldn’t be till Jan/Feb so if people want to sell now they’ll be regretting it in the new year. Presenting a great opportunity for people to take advantage of the drop GLA"
Personally I suspect there is far more than one seller. The real problem is not the seller, whose sales could be easily accommodated but the fact that at the moment there has been no reason why new buyers should buy in, save that actually even without any news the sp is now ridiculously low.
Doesnt appear to have finished. 20k 15k10k lots still being dumped daily. Has been going on for months, recent negative corporate update and the lack of XL73 Nasal progress has compounded the bearishness
Thanks. I wonder if the seller has finished.
Https://www.lse.co.uk/ShareTrades.html?shareprice=DEST&share=Destiny-Pharma&trade-date=2024-03-04
Yep it’s there, it was reported late as the MM’s always do this for their larger trades. Look at the trades for ‘Monday’ and you’ll see it, the last one of the day, it was traded at 13:50 on the 1st March. Once the sells dry up this will recover, use it as an opportunity to load up.
Candid, I can’t find any confirmation of the big trade you mentioned for last Friday.
I agree mad to be selling at these levels, I know some people are frustrated with CT but I think from since he joined it was clear a deal would be more around the end of Q1 and I think you’d have to be crazy to look at his CV and think he’s the wrong man for the job!! On the selling side someone is still selling unfortunately it seems
Makes sense Kipper. I’m not going anywhere that’s for sure…
I know what you mean, OldDog, but I really think patience is needed here. I am confident that CT will pull one out of the hat, but its going to be a large and complex deal with lawyers involved both sides of the Atlantic and Board approval from the Big pharma and all these things take time (especially in Pharma!). CT will be keeping other options open, just to keep the pressure on. I suspect that those who can't be patient will have already got out, because it makes no sense getting out at these levels, in my opinion.
I hope you’re right Candid…I’ve just taken a serious haircut over at Avacta and this feels the same.
I could do with Sir Nigel and Chris Tovey pulling a big fat winner out the bag here.