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Harrycash and other shorters are circling. My advice, be careful. Fundamentals here are very strong- 35m buybacks likely to kick in, cash rich and shareprice now >30% below hardNAV. There must be weaker stocks you can find to short!
* CIO, not CFO - CFO is the new CEO.
Wizard Of Oz.
Losing both the CEO/CFO at the same time after their years if service to an IPO in house company is frankly a disaster. These two obviously planned this without anyone having an idea. Rudderless. Be hard to manage the shareprice fallout from this unless a HF or VC see's a cheap buy.
HC
Well, looks like it’s time for new CEO and exec team to I) start the share buy back and 2) get some positive news out (impact of ONT valuation to hard NAV) to stem the outflow. Interesting to watch how it will play over coming days. Let’s hope they have a plan to manage the change well!
The buy in range 121 to 127p we all know won’t last long and it’s never an exact science hence the range. For the long term based on information available it allows for an influx of new investors and existing holders to add holdings at a value level.
CB, good call.
I’ve recalculated IP group hard NAV based on today’s ONT shareprice/mcap. It’s around £1650m/155pps. Be careful not to throw aware your shares during this period!
Some v large buys going through. Some retail investors good screwed this morning. Brutal
and recovering now ,nice
" I'm intending to add more, but I'll wait to see if " buy on the rumour, sell on the news"
- it's not a bad plan waiting to buy after a good set of results or news release, you may miss out on a bit, but you may also gain a lot more than the rush to buy crowd.
For the moment, sitting on my hands again.
Huge overreaction. From recent press releases Greg Smith already appears to be leading and better a driven CEO than someone with one foot in retirement after ONT payout/success. Great day to buy and lucky timing for cestbon- well done. I’ve added a few more thousand at under 127 - amazing!
Yes as expected, this should go less 121p to 127p. Buy in time
IPO is down to 125p now ,looks like someone is not happy with a change and the markets are not helping.
change at the top,
GBX 129.08
5.09%
-6.92 Today
I know they have time to put up an RNS but I hope they either know more than us about ONT or else sold some before they started the downward march.
Much under £1.30 would surprise me,
but never say never etc.
Same I’m ready to top up next week on the punk drop delivered by the market makers (the dirty punks). You may see 121p next week on the board but I’ll take up to 127p
@cestbon IP group shareprice should never see those levels again (121-127p). If it does I'll be buying a truck load!
Oxford Nanopore Technologies Ltd
GBX 644.70
13.50%
+76.70 5D
Holding for now but worth buying next couple of weeks between 121p - 127p?
....if the co will be tempted to cream off some more Nano at 'the top' to add cash? Tempting in this market!
Exactly danrh - no point even considering the discount to NAV and share buybacks due
One last point in case anyone's forgotten - IP group now have £35m allocated to buying back the Group's shares when shareprice is at discount to NAV (i.e. now!)
"The Board is allocating £15m of this realisation [partial sale of Oxford nanopore holding] towards buybacks of its own shares. Including the £20m announced earlier this year, none of which has been utilised to date, a total of £35m is now reserved for buybacks. The buyback programme remains subject to various factors including our shareholder authorities to only buy back shares at a discount to Hard NAV per share"