The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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This is what may happen to Redx if it relists in USA or might happen of the markets before then...Jazz Pharma deal worth potentially $870 million and Redx only valued at £35 million today...bonkers.. JMO Adyor
https://www.lse.co.uk/news/top-news-darktrace-accepts-usd5-billion-private-equity-takeover-offer-ygppjv2vqno24df.html
Unfortunately London markets are historically run by a load of 'Old Boys', Spivvs and Con men and they have a very short term view of companies...the London markets have gone nowhere for 25 years, in fact if you take inflation into account the FTSE is down about 50% from where it was 25 years ago. The US markets has galloped away in the mean time. I'm glad in a way that Redx is moving away from AIM albeit it has caused me some short term inconvenience. See you all on the other side of the pond. GLA.
Eventually the market makers will end up fatally shafting themselves ,They are so blind they can't see it.On top of that some or a lot of our top smaller cap companies will have taken there business to foreign shores never to return.
How stupid this is for our economy and where we are positionally in the business world.
Trading starting to wind down before the delisting. See you all next year on the Nasdaq or maybe Private Equity buyout before then...this company is going Stateside by the look of things...GLA.
MMs taking the shares on the cheap and peeps are paying over premium to load up before delist.
100000 buy printed. Peeps loading up before delist
Yes, Moniman..
I'd be tempted to buy in here for the American listing, as I can see it's going to be at quite a premium to today's value .
I just can't be bothered with all the stress/faffing about, to be honest.
But if you're in there for the start of the American adventure I think it'll do well
Whoops for to added to video link....
https://youtu.be/CwKllJ_mj3c?si=vMbDO-gujjYoVHCE
Schroders article paints a similar picture about the decoupling of UK and US stock markets. All of the UK FTSE indexes has gone sideways or backwards for about the last 25 years whilst the US markets have surged to all times highs despite Covid 19 pandemic and the war in Ukraine... A fair few companies delisting, moving to US listing or being taken out by Private Equity buyers as the UK markets grind to a halt despite recent FTSE 100 high water mark. JMO ADYOR!
https://www.schroders.com/en-gb/uk/intermediary/insights/six-charts-that-show-just-how-cheap-uk-equities-are/
That doesn't surprise me, I am moving all my accounts away from Barclays and HSBC to Interactive Investor as the aforementioned are totally useless. I would have bough a big chunk more today if I could have as I'm not trading them but in for the long haul, Tang Capital just bought over 3% of the company in the past week or so. JMO ADYOR!
Can buy on Interactive Investor, no problem.
Not sure I want to though at this stage.
V risky.
Could go either way depending how many shares the MMS have
Could be. Will be interesting to see if more big buys are printed this afternoon. (I think action recently has been in late afternoon as Tang are based in California!)
Looks like retail buying has been blocked by most brokers only selling allowed it seems, tried to buy in some more but blocked on two platforms, hence why the likes of Tang Capital have been mopping up the retail shares it seems? JMO ADYOR!!!!
Might get interesting yet again though Moniman. If you look at trades just printed on here, some large ones just appeared again. So looks to me like Tang or another II is loading up again.
As expected MM's dropped the bid as the last retail investors become forced sellers because a lot of high street brokers won't allow delisted stocks to be held in their trading accounts etc.
That seems about right , AJ Bell run Barclays SIPP and they won't allow delisted stocks to be held in SIPP..It's a con...HSBC are the same, they're happy to charge account fees and big commissions for doing very little, as soon as something slightly out of the ordinary occurs they don't want to know.
AJ Bell.
However, looking at JK Jenkins info. again appears my current broker (Bestinvest) actually are linked up to JK Jenkins. It was just when I rang them they didn't seem to know about it. Plus, they're listed on JK Jenkins under old brand name. lol.
Which broker
Just been told I won't be able to use JP Jenkins facility if stock is transferred (in SIPP) after actual deilsting takes place (or they may mean they won't be able to accept the transfer). This is despite them having relationship with JP Jenkins.
Has anyone else been told something like this?
If big buying restarts then 20p certainly possible in short order. Otherwise would guess it's more likely going to be max 15-16p before deilsting. I think commission lower on AIM than if buying through the private auction facility so makes sense for anyone to load up now if looking to invest more in this.
I thought that the 30th was day of trading
More than likely we will see 20p by Friday.
No plans to trade.
If it pulls back might invest and lock away. Lets see
Possibly as the trades have to clear...you'll have a job trading this in the few days with a 10% or 15% spread
Is the last day of official trading EOP Monday 29th?