The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
L1 and Lind are Finance companies so they are only interested in making money quickly ..Quick Profit is the name of their game so one cannot read more than that into their conversions , imo
Possibly notflipper, but I'm always 'wary' when major warrant/option holders conduct business 'around 'RNS' releases.
But, if they are doing it for 'positive' reasons then great.
My interest isn't just financial though, my girlfriend has had Lupus for years and so any potential remedy for her is worth investing in. So my fingers are crossed very much.
Have to keep in mind that it is only 2,000,000 new ordinary shares which have been exercised, whereas the number of Options held by L1 and Lind increased from 25,640,254 to 56,408,558 in the last placing. Only makes sense to exercise if they didn't think that the sp was not gonna tank by 90% as some were suggesting last week. Does it pass the smell test?
Yep, I appreciate that the owners of the warrants are not deemed directly part of IMM but let's be honest; if you're a large shareholder then you can bet your bottom dollar that they will be being given snippets.
But, at the end of the day we as minnows have now say in anything and are at the whim of market, major shareholders and BOD. SO it's a wait and see game.
But hoping we don't start to see some major selling off of large share volumes today before any RNS.
i must say 2m is a FKN good buy just before they release news to the Market
with the expectation 0f at least 40p mid term GL to them,
as i have just topped up myself just now'' on that little drop of fright''
as i would like to be a pound behind him LOL!!
GLA
RNS were waiting on i believe wont arrive till 0700 sometime this week if positive to maximise interest and hopefully buying.
The only reason they exercise them is that they forward sell shares in the market and then cover the short position by exercising the options/warrants. The profit is the difference between the selling price and the 5p exercise price. They can only do this when there is sufficient liquidity (i.e. PIs buying shares).
Bottom feeder,
Lind and L1 capital are not classed as ´ insiders ´
They have no directors on the BOD so they have no ´direct access to price sensitive information
I don't think they'd be able to act on an RNS much before Joe Public TBH. My hunch is that - given the delay - any RNS on the FDA outcome will now be issued outside today's UK trading hours.
My query on these warrants etc is why are they NOT seen as potential "Insider Trading?
THe fact is that ANGS BOD are gaining shares, just as iff they bought them on the market, but they have the details of the future RNS and so can easily take massive advantage of any spikes etc.
I seriously think the FCA etc should treat this method of share gaining as a potential issue and prevent companies and Directors exercising their own warrants/options in this manner so close to important news. It is exactly the same as Insider trading but clearly a loophole.
Given the price is fixed, why would you exercise options before the FDA outcome was known? Only reasons I can think is a) they're very confident of approval & b) they want to sell out very soon after approval, as they're not at all confident of a positive long term revised P3 outcome.
It's ridiculous how the directors agreed to give Lind 56.4million options at 5p and 30million warrants to Lansted.
Any buying by PIs is met by the institutions selling down the options/warrants
Bet that got peoples hearbeats going? Exercise of options, guess they are still confident of a positive outcome but guess more selling into a spike. GLA.
RNS not the one we're all waiting for
RNS out more option taken up'' Mmmmmmmmmmmmm
they are getting in quickly
Nothing "nailed on", but best that PIs can do is look for signs of confidence in the last few months.
Still time to move in, or out. No shame in it, either way.
All reported past transgressors equally welcome.
Bid strengthening in back.
Each to their own.
GLA (*__*) NP
here we go panic over'' back to even on the day''
when it go blue anytime from now, it will mean RNS is on it's way
anytime today or tomorrow
here goes something..
What's with the "Nailed On" statements?
Stupid Rampers at it. Only the RNS is going to give us a definitive answer so just wait.
The company must inform the market in a reasonable timely manner on any major news that would affect the company.
Patience as we know is a virtue , and Imm shareholders are very virtuous :-)
Either the FDA made a decision yesterday or it didn't......the company must update investors of what happened yesterday.
What you mean is you hope & firmly believe the decision will go your way. That, my friend, is very different from it being nailed on.
Well I'm afraid that makes you an idiot
I repeat, this IS nailed on,
in my opinion, and many others.
Load up!
I'm not saying they won't get approval. But NOTHING. repeat NOTHING is ever nailed on until it's officially announced.
In YOUR opinion maybe. But not the market's. If it was nailed on, the share price wouldn't be trending lower this morning, now would it?