Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Yes I did FFX. Not because I stopped believing the story, but because in 9 out 10 placings, the share price drops to, or below, the offer price.
FYI I have since bought them back (around about 1.8p from memory), so I am under water on those as well, but none of those things alter my belief in the eventual outcome.
Had I stopped believing, why would retain 80% and only sell 20%? (I’d have sold the lot, would I not.) As I’ve said, neither the placing, the elongated time scales, nor the share price have altered the story.
Watching and whinging about every 1% drop in the share price is pointless. It will most probably continue to drift and be walked down on no news and tiny volume, so people best get used to it, take advantage of it, ignore it or give up and move on.
Each to their own.
GL
Barwickman - the same people are here, much like yourself & #SEED... Sitting, waiting, wishing
"You either believe in the story or you don't....If you don’t believe the story, you should have sold long before now. Just prior to the placing you could have sold for double the current SP (the story hasn’t changed since then"
Whimax, didn't you say in one of your recent posts that you offloaded about 20% of your holding just after the placing?
If you believed in the story then how come you sold?
Thanks for letting us know Berwickman. I pop in a couple of time a day, just to see if you’ve popped in to wish us luck lol
Just popped in to see if anything new with NFX, surprised to see same guys here, i wish you luck you now deserve it with this one, GLA
I don’t follow, Filter?
It’s not really about predicting the future (or hindsight) because we knew at the time of (and before) the placing what the order of news was, and to a certain extent, the timescales of it. That hasn’t changed, I don’t think. Only thing that hindsight would have told us, is that we wouldn’t get a decent rise from NXP001 news to allow some to trade it or jump out completely.
This has never been about NXP001 for me tho, and I never planned to sell on (or after) it so the SP before or after it is irrelevant (to me anyway). NXP002 is the money shot, always has been (although 004 is intriguing).
Not sure I understand this expression " the MM's are walking the price down"
The price is down because there are more sellers than buyers, as there has been for months. Mm's are just following the trend so as not to end up with expensive shares on their hands and no buyers.
ATB
Whimax, hindsight eh, would love to be able to predict the future
Not sure I get the morbid fascination with the SP every day to be honest. At these levels a 2% tick down/drift and/or current share price are completely irrelevant, as at this stage in the proceedings you either believe in the story of you don’t. “All time lows” at this level don’t matter a jot, because they are not based on volume or news, it is simply being walked down by the MMs.
If you don’t believe the story, you should have sold long before now. Just prior to the placing you could have sold for double the current SP (the story hasn’t changed since then, only the share price has) If you do believe the story, you should be averaging down, if you can afford to (I will be if/when I can if timings allow) and wait for the news.
GL all. It’s a waiting game, simple as that.
Q4, I'm hopeful that news on NXP004 will come in the near term, they've been underway with the further research since May.
" While there is literature data and preliminary preclinical data generated by the Company providing evidence for this drug's potential activity in fibrosis, it is the Company's strategy that in order to derive most value from the NXP004 asset, the opportunities in oncology should be exploited as a priority.
Should the further research be positive, there are two potential options for licensing the Company's IP to generate value from NXP004:
-- license to the originator of the marketed drug to potentially extend its patent protection, thus potentially adding significant value for the originator; or
-- license to generic companies to potentially allow commercialisation of a generic alternative to the marketed drug."
Q4 can't come soon enough
Don't worry filter, someone keeps buying 2 quids worth at a time. That'll prop the sp up.
Getting daily all time lows now, really is pathetic. I pray this stays above 1p I really do, how much is a clean cash shell these days?
Agree SSM, feels like we’ve been played by the pump and dump brigade over the year.
Certainly everyone who paid for the shares they hold is sitting on a loss right now.
(I say paid, as DG and JH didn’t so will still be in the blue on theirs)
To be fair soup, we've all called nfx wrong. Anyone with the luxury of hindsight can seem like a genius. If I'd known where we would be at this moment I would have sold years ago in profit or with less of a loss, I still have faith though but it's hardly done me any favors
Wonder what happened to that twitter poster called Make England Great @NFXupupup, he had some great posts last year... there's been some great characters but for some reason they all disappear.
"@NFXupupup Jul 24
#nfx its lined up to close NXP002 shortly. You would never state progress into next trial without confirmation in house of a deal. It looks very much like all systems are go and the formalities of the deal closed imminently. "
Ah soup I completely forgot about that too, would email but they wouldn't say
It could be done in an informal way. e.g. there had been talks that were left in a position of 'come back to us once you've got results', so not agreement in place other than the door is still open.
Does that still apply if a prospective deal was arranged based on the data results (which are currently unknown)?
I suppose it does really as he is aware of something that is not in the public domain.
Very sad if so because that means nothing is lined up as yet.
The problem is now with Riddells purchase last week. If anything positive had come of the 'business development' he could not have made his buy.
10 March
"NXP002 Asia discussions: The Board is disappointed that previous business development activities in Asia have not reached a positive conclusion. A new business development consultant has been engaged to assess the viability of legacy discussions coming to a successful conclusion in the near to medium term."
"Nuformix is putting in place the team and development partnerships to pursue this path for NXP002. Funds from the Placing will allow Nuformix to drive progress in this programme and support Nuformix's position in the Group's on-going discussions with multiple potential development partners in Asia and the US."
Completely slipped my mind that! It would have been a great question for the AGM!:
"Did you manage to assign any Business Development agents to discuss the potential for any positive outcome regarding the legacy discussions with the Asian partners?"
Perhaps they did. Perhaps that's exactly why none of them seem too alarmed by the current sp and lack of reaction to the Oxilio deal....I can still dream.
I've made a few Bob, not a lot, trading twice .
Have lost an awful lot more selling down my holding over the past few months. But glad I did looking how things have gone since.
I actually thought over the weekend about averaging down what's left first thing Monday thinking sentiment had changed to the positive. Glad I didn't.
Perhaps no substantial positive reaction sp wise after 002 results as people wait to see if it can be marketed
More of the same or taken out?
ATB
"Unfortunately when the markets have a good day, NFX goes down and when the markets have a bad day, NFX goes down."
I'm certainly not going to challenge that.
oh well... I'm just reminiscing about the time we were in talks with 'multiple' parties on NXP002. Happy days.
"Nuformix is putting in place the team and development partnerships to pursue this path for NXP002. Funds from the Placing will allow Nuformix to drive progress in this programme and support Nuformix's position in the Group's on-going discussions with multiple potential development partners in Asia and the US."