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I don't have level 2, but I've been monitoring trades over last few days/weeks, since some weird activity - some low volume trades going through well outside lower daily range. I can only assume it's MMs trying to trigger stop losses to fill large orders. Take this morning for example - 4 shares sold at 111.4p!! Anyone with level 2 care to share their insight?
Not sure why no RNS yet, but this is amazing news. WaveOptics being acquired for $500m+. IP group stake is 17.1% !!
https://www.ft.com/content/6416472c-fcad-4b1d-82c0-aa8fa9e8947c
It will come good in the end beardozer.
Most investors just follow the money.
What are punters frightened of? This week I read a book about Neil Woodford and all his troubles...
Which would've been largely avoided if he'd structured his funds as Investment Trusts instead of open-ended Unit Trusts.
Except he wouldn't've attracted so much money but it would certainly have been better long-term for everyone.
Woodford was an early investor in Oxford Nanopore which was a good call! What am I not seeing?
I think recent drop is linked to Nasdaq drop due to inflation fears and shorting of growth stocks. Nasdaq tech stocks turning around now, so expect IP group shareprice to do the same over coming week or so. I enjoyed the opportunity to add more below 120pps. Much upside still from here IMO
I agree but results not till August so will get traded until then perhaps.
The recent drop in SP is hard to fathom..........it should be a lot higher than this.
Mon, 17th May 2021 12:44
RNS Number : 8689Y
IP Group PLC
17 May 2021
FOR RELEASE ON
17 May 2021
THIS ANNOUNCEMENT CONSTITUTES INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO.596/2014.
IP Group plc - Announces additional fair value gain of £20m
IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the developer of intellectual property-based businesses, notes that a sale has been agreed of a company in its deeptech portfolio which, upon completion, will give rise to a fair value increase of approximately £20.0 million or 2 pence per share. Further information will be provided in due course.
It seems IPO is no longer an Investment Trust but it might as well be and I'm hoping it will outperform its erstwhile peers.
You can lead a horse to water but he will never see IPO as the best-performing Investment Trust of 2021.
after this RNS we might have some fireworks ,
I'm surprised the SP isn't a lot higher in anticipation of the Oxford Nanopore listing. I've increased my holding by 125% in anticipation of a huge increase in IPO's NAV . Investing in UK listed companies is much like moving the deckchairs on the Titanic - I'm expecting a significant Market correction. Meanwhile, true value is to be found within IPO's portfolio.
Crescendo is other potential acquisition target and will be for far more than Kurr or Inviata :)
Interesting news today re the acquisitions of portfolio companies Kuur and Inviata (by Athenex and NeoGenomia respectively). Reading the press release, it seems that the price of the sales are £54M in excess of the value shown in the last R&A. Not sure how they've calculated this bearing in mind two thirds of the Kuur sale price is in potential future milestone payments, but nevertheless on face value this would seem to be good news - leading to a 4% increase in total NAV versus that stated in the 2020 FYR&A.
Maybe more importantly it shows some of the potential value hidden in some of the less heralded IPO investments. It's easy to focus on Oxford Nanopore right now, but maybe there's equal excitement down the road in some of the portfolio companies that aren't being talked about?!
Very good news this morning for IPO .
IP Group only value Nanopore at £2.47 billion in their books. I think £6bn is reasonable
Nanopore listing at £4bn (conservative in my view) = IP Group hard NAV £1.59bn = IP group shareprice circa 150pps
Nanopore listing at £7bn = IP Group hard NAV £2.04bn = IP group shareprice circa 192pps
Can't see IP Group holding onto their stake in Nanopore following floatation, it would go against their strategy to realise gains
It was still a pricing disaster, your description exactly why. Hopefully at least one of these genuine tech companies, Dark Trace (about £3bn) or Alphawave (about £4.5bn) float successfully, for higher value, before Oxford Nanopore do. Therefore making the City hungry for more.
Deliveroo was an app based float reliant on cheap labour. No way to compare with a company determined to gene sequence all living things with deep domain expertise and IP.
Am sure that IP would be happy with a £2.3bn valuation, £4bn would be a dream result for all shareholders. £8.92bn seems to be in the world of fantasy especially after the Deliveroo pricing disaster. Though assuming they retain a portion of their holding post ipo, there is always the chance that their remaining holding will increase in value in the future.
Your sums don't agree with mine. Oxford Nanopore is going to be HUGE! It's currently worth a fraction of similar companies and IPO's book value of their investment is a joke! Consequently , does that make the rest of their holdings very undervalued?
Probably. Obviously, some companies will fail but the odd mega-success makes it all worthwhile.
IP values its 15 per cent stake in Oxford Nanopore at £340m, implying that the business as a whole is worth £2.3bn. But Berenberg believes it could “comfortably” fetch a valuation of more than £4bn, and says that each £1bn added to the valuation would translate to a £150m fair value gain for IP Group.
Having read lots on this BB, I must thank all those who have posted.
I'm in now!