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.
DAVY arw house broker so will know before others regarding news I’d imagine : )
Nai/DYOR
They are bidding size at above the mid price. They are desperate for shares as can’t buy either. News coming looks like.
Nai/DYOR
I have my holding split via isa and dealing account and was quoted over 18p to sell 150k there so buyers around and can't see any large seller bailing before news.
Getting quoted 19.4p to buy 25k Davey sitting at 19p and as mentioned previously they won't even quote for 5k via IG.
There must be an issue getting quoted online with Davey with IG?
just tried still nt
Can anyone buy any shares at the minute ? Keeps going NT
Nai/DYOR
Based on the charts !
Nai/DYOR
They bought out IVIX LLC didn't they? Final amount was 5 million bucks so I guess that was seen as a fair sum for the company. If IVIX were a small Russian drug developer I guess Ovoca had the firepower to take it to the global market
A rehashed post from me on ADVFN, I've been reading up alot on this drug and the trials etc and it all looks very promising, still a risk but then aren't most shares like this until they hit approval? I've read stories of companies changing focus and then hitting it big so theres a chance OVB can do the same. Does anyone have any idea why IVIX sold out? One question I still cannot find an answer to.
https://money.howstuffworks.com/10-companies-reinvented-themselves.htm
Worth mentioning the announcement when it comes will probably be during the day so small window to maybe trade before the RNS as plenty insiders will have a heads up.
So cash and POLY shares could be more than £15m ?
Nai/DYOR
Looking at their accounts for YE Dec 2019 - cash was 10m eur, but thought they used $5m to buy the bal of the IVXX stake
but Poly shs are worth £13.92m
£15m market cap
£15m cash and POLY shares
Drug that could be worth hindered of £millions in for free : )
Nai/DYOR
NT apparently to buy so could be a delayed buy to show ?
Nai/DYOR
It was definitely stated 12 months was the expected timescale so I pencilled in September 2020 at the time, no idea if Co-vid will delay it any.
Does anyone have a rough idea of how long it takes for Russia to approve or deny an application? I knows it states towards the end of 2020 for marketing but could the actual approval decision drop anytime?
Thanks
Thanks
Yes so the business is in for nothing !
Nai/DYOR
s noted on their website information page below, this is about £14.7m Gbp
https://ovocabio.com/about-us/A
Davy are the house broker so maybe they know something coming ?
Nai/DYOR
Cheers for twitter heads up, really need to check there more often. Regarding targets, I'm happy if I can see room for any share to double or treble and Ovoca has that easily on approval and the roll out in Australia being successful. Tried for another 25k on IG and they wanted 16.9p, reduced it to 5k just to see if available within the spread and nothing doing which is the usual when Davey are sitting there.
New website and the company have just tweeted this.
https://twitter.com/ovocab/status/1298541900136407041?s=21
Their first tweet.
Looks like news coming ?
Nai/DYOR
Thanks. Nice holding that. What you hoping for sp wise ? I don’t think 100p is unrealistic personally.
Nai/DYOR
I make it 630k shares in Poly so around $250k when they go ex-divi beginning September or $640k for the year.
Bought another 20k yesterday and 22k this morning so up to 300k.
POLY divi announced this morning also. By my calve that’s an extra c. £750k a year to OVB ?
Nai/DYOR