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Hi Kern,
All in the same boat. Have lost 20% of my portfolio over the last few weeks. Made a purchase today, the first in months, that being Lloyds. Scary and expensive times ahead. I also thought that Oxb was going to drop below the £3.00 level but lets hope that the market settles .
Hi Shatter
I thought for one moment we were going to fall below £3 and it was beginning to look like a death spiral. Yes when they were finally disclosed the "undisclosed" contracts were not worth very much which is why the market eventually moved against rather than the initial small rise.
I am still in having misjudged my last buy very badly. It's hard to get excited as the company releases very little information and it is hard to be optimistic from the numbers we know but it is still operating and so there is a chance I might get some of my money back.
Sareum hit by what was seen as bad news and lost a third before clawing back a bit so that down from about £4.50 to £1.50 and Angle from £1.50 to about 50p and VAL scraping along at 16p, I am not doing so well in my biotechs/pharmas
Hi Kern,
$5 million a year is a hefty wad of cash to find and that is only the interest. Going to be loss making this year I believe. I hate being pessimistic about Oxb but I was really lucky to get out when I did because unless they land a major contract I can see no upside. Cashburn has got to be, or should be, a major concern so these small ‘undisclosed’ contracts aren’t exciting the market. Hopefully I will be proved wrong..
Shatter
Morning
That's the going rate now even for secured though if they are selling and leasing back what is it secured on?
15% would be nearer unsecured so I don't have a problem with it and it is much longer term so hopefully there is now a financial base to move forward.
SP reacted in the right way but can easily turn and a very long way to go.
At 10.25% I would be more than happy to lend OXB a few quid.
Briefly hit a new low today.. surely the major shareholders must be livid at the recent performance or do they know something we don’t ?
Shatter,
I’m not really sure if k want to buy again . The reason o bought it was because of covid vaccine .
But I won’t re invest untill something else comes up and they get Oxford again .
Metom….great price,eh. Fancy buying back in again? On a serious note the sp is shocking . You did well to get out when you did. Roughly 7p in old money before the consolidation. Scary..
Bloody hell, I sold this at around 10ish and it went up to £15 and now just over £3 !!! Wow
Even if Covid returns that doesn't change much for OXB because everyone still uses Pfizer! Only 3rd world countries still use AZ. They should have also invested in developing mRNA vaccine manufacturing capacity, as it would have been significantly cheaper and more profitable than taking over Homology. I don't mind if they go under though, certain people needs their ego's popped there.
I experienced 3 takes over but prior SP was dropped to 2012 level
this SP drop is only on 128 transactions
GLA
Today's paper, Fri 23rd Sept
HOSPITAL admissions with coronavirus in England have jumped 17 per cent in a week and are now rising significantly for the first time since July, latest figures show, amid fears of a new wave.
NHS statistics show that 718 people were admitted to English hospitals on Sept 19, a large increase compared to the previous week when daily admissions did not rise above 586 and fell as low as 476. It is the first time there has been a significant rise in admissions since numbers began to fall in July.
Another bad day at the office. Can’t even blame this on shorters. Where and when is the turning point ? Is this merely seen as a vaccine manufacturer, by the market, but with nothing to manufacture. Need a miracle..
Hard to see where this will stop let alone turn around. Having looked at the Interims again good news is well hidden if there at all. The much vaunted undisclosed projects are peanuts, which is why they probably didn't put a monetary value on them at the time and the Covid boost has disappeared leaving us with what?
A few on here, including me, have said about the negative aspects of sale and lease back as it looks as a method to improve cashflow and potentially to keep the lights on.
After 18 years of being in OXB it is disheartening and indeed sad that it has come to this.
Oxb has tested the £4.00 on 2 or 3 occasions which is concerning. The recently disclosed “undisclosed” revenues would appear to be suspiciously small. Why all the secrecy ? Perhaps not worth mentioning! Less than a year ago this was close to £16 but there doesn’t seem to be a turning point on the horizon..
Had a huge shock this morning when checking before opening and saw that OXB was down 95% at 218.
Obviously one of those false, rogue sp that occur sometimes before the bell but the sad thing was I was quite prepared to believe it.
Onward and hopefully upward.
Saw you posting over on Nwg. Probably see a drop next week after the Divi reinvestment but nice to get a few back after the consolidation. As for Oxb it never ceases to amaze….a few stop losses hit this morning. They are going to need a few large contracts to stop the rot. As for selling and cutting ones losses it’s always a hard decision and with its volatility it could be £5.00 next week.. Vulpes must be down a fortune.
im going to wait a bit longer before buying in.. really disappointed at todays news, but maybe come back next year and see where it is.
id been looking at this one for ages as well... but sell and lease back... always worries me.
imo.. near miss for me..
Sale and leaseback isn't death spiral financing but it's hardly a sign of strength either and that's the way the market seems to have taken it reading the interims as no likelihood of profitability soon and cashflow problems.
In an acute dilemma as to whether to crystallise my large losses or hang on for a few more years, as that's as long as it's going to be imho
Spoke too soon about the mid £4’s
The sale and leaseback is an expensive way of doing business long term.How much of the loan is going to be repaid? Another few years before it’s profitable by the looks of it but isn’t it always…the covid vaccine has been its saviour. As you say the market isn’t impressed. The mid £4’s seems to be where the sp is at the moment . The big investors are locked in for years to come but tomorrows another a day.
Hasn't caused any excitement in the market. Hard to know what to make of them despite the upbeat commentary though at least we are now clear that the AZ bonanza is over. In my (admittedly limited) experience - sale and leaseback is usually a method of raising capital at the expense of ongoing commitments so what does it mean here?
There appears to be a long way to go yet before it becomes profitable.
All my biotechs are suffering - Angle, SAR, VAL - and this is no exception.
I hope so though the previous appear to have done nothing for us; as the rns says "with this being the fifth new or expanded customer partnership we have announced this year" and look what has happened to the sp.
Still holding but probably more in hope than expectation. Will make a decision after the interims to stick or twist.
GLALTH
The "undisclosed" sum may be irrelevant BUT the "undisclosed" customer is - i would interpret this as a potential break through of course with its risk attached
Yes which means we have no idea of the significance of this - is it substantial or peanuts - so it doesn't help shift the sp as we can see from the reaction.
Hopefully the interim will at least bring some clarity to the financial situation and be a bit forward looking but who knows.