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Sc
Seems you are only here for a bounce trade. Its aim. It might stay here until they delist. I dont think you will see a quick rerate
Do you think we will see a recovery today this must have a rerate to 7p plus.
I cant see how the trading is going lets see how the day goes.
20! That,s all you really should invest in aim. Its a broke slate recently and best avoided.
Good luck for a recovery this week. Id like to slice and leave the rest
My LSE is down again.This seems a regular occurrence.
Has there been many buys this Morning thank you.
Clear the seller and a 2p rise is on the cards. 4-4.5p but 4.3-4.5p online but still easy to buy at 4.5p despite massive buys already since the open.
Hi Lauta2022
I think it has been hammered so much there must b3 a recovery today.
There is certain value here at this price.
I will look at te other one you mention also thank you .
Hello scdm
I purchased these on Friday and will look to add more ,REDX and SND the big movers this week ,both in similar situations but been taken down far too much
4.5p looks a good buy will we see 6/7p today.
I do think this will be day traded for a few weeks now,
Rayte you didn't really mean 20 quids worth of shares did you?
This is perversely undervalued now,so i'm not going to say it can't drop further because it's AIM.
I will definitely buy another 35000 if it drops below 3p or thereabouts,this could be quite a nest egg in a few years time especially if they or more importantly do relist in US.It is a bum mer not being in the ISA wrapper.This could easily be worth £1.50 over there in short order for a small punt imo.
I suspect that's what was happening Friday and hence the large sells. Those are not Pi's sells.
It's a touch one. I'm with AJ Bell but I'll have to open a Sipp which I've avoided due to having most in an ISA account which I can access all the time.
However, I do believe if I keep them the reward could end up being substantial and I don't blame the company delisting.
However, if I'd of bought £20 at 19p which was my original plan I'd be really hacked off. I feel for holders but I do believe with patience they will be rewarded. But if they had it all in an ISA they are also between a rock and a hard place
Rayte's question explains why a lot of people sell in this situation (especially if smallish holding). Mine in a SIPP but also hassle as I'm having to get it transferred to a different provider so I have the option of trading it on the Jenkins platform (though wouldnt be surprised if more brokers sign up to Jenkins now). Also does anyone think some IIs will try to sell now because they have shares in a fund where the mandate is for holding listed companies (rather than private companies)? My guess is II like that with smallish holding will offload - would be surprised if Polar would sell all at these low prices as they have more to lose?
The only problem I have here are my shares are in an ISA and when it delists they have to be removed.
If I keep them for a year and they rise significantly I will be liable for CGT. Unless transfer into a sipp.
Any advice on this? Best way forward for transfer from. Isa?
Let’s see what next week brings us. LTH have been totally shafted but it seems that’s happening all round on the LSE maybe a lot can average down.
The greatest thing about this board is the absence of trolls. Incredible, insightful posts. I just feel for holders here as this week has not been pretty. As some one who has a painful week with SPDY.
I was always going to invest here just means if I hold I will have to lock away the funds. But it's not much so it's feasible.
Kudos to all the knowledgeable posters here and the information they share.
I have a feeling it will come out alright for you all (and maybe me). Esp with Jane.
Will asses what to do next week or two. Hope to slice a bit too
This is a new share to me but it seems to be it’s greatly been hammered on the price.
Next week we could see it back to 7/8p who knows but it looks very cheap at 4.5p but I’m no expert let’s see how the market reacts next week.
It's going to be interesting next week and thanks for this breakdown. Aim is a junk yard. A voluntary delist makes a change of a forced delist from aim.
You can't blame them. You can do well in these situations. Redx has gone under everyone's radar for a long time.
Relisting on the NASDAQ, as long as your holdings are not diluted, would make many of you very wealthy. The Yanks love BioPharma.
I will asses what I will do before delist but I think this has been the most obvious buys for quiet a long time. The drop is completely overdone. Surprised there was not more buying Friday but I think most will wait till the dust settles (new tax year) and buy in.
Let's see what transpires
Rayte, the BOD advised the market on the 02nd April 2024 RNS that it had received letters of intent and irrevocable undertakings from ‘certain shareholders’ representing approximately 84.64% of the company's issued share capital to vote in favour of the delisting resolutions.
The ‘certain shareholders’ are:
1. Redmile Group – 71.18% (276,890,319 shares)
2. Sofinnova Crossover – 13.46% (51,958,907 shares)
This leaves Polar Capital (5.43% or 21,111,504 shares) and Invus (3.91% or 15,203,815 shares) as the only large holders who’ve not declared their hand, and the likely suspects responsible for Friday’s share price drop – 9m shares were sold at an average of 4.30p.
However, going by recent TR-1 notifications, Polar Capital appears to be the likely seller.
https://www.londonstockexchange.com/news-article/REDX/tr-1-notification-of-major-holdings/16324789
This is good news as the share price is likely to recover sharply next week with the sell order now completed.
However, and as indicated in my previous post, the AIM market has singularly failed to value Redx appropriately.
And landing its largest ever commercial deal, WORTH £690m, should have – ON IT’S OWN – moved it into the 60p – 80p trading range. But it didn’t. Instead, it nudged it up by a paltry 5p to finish at 25 pence per share. This was a mighty red flag for the company on how dysfunctional the AIM market is, and also the trigger for the delisting action WHICH I ABSOLUTELY WELCOME.
And it doesn’t take a Rocket Scientist to figure out the likely trajectory of the company’s share price over the next six months:
• The £8m ($10m) upfront payment from Jazz, which extends the cash runway into 2025, expected shortly.
• Significant data for Phase II Zelasudil for IPF expected within the next 9 weeks.
• RXC004 data expected within the next 9 weeks.
• IND clearance from the FDA, for the company’s KRAS inhibitor program, is expected within the next 11 weeks. This will trigger a substantial payment.
• The company’s conservative NPV currently sits at £385m (98 pence per share) – that is ahead of any of the aforementioned value inflection points.
• Redx is unlikely to remain private in the medium to long term. A NASDAQ listing, or an opportunistic takeover from big pharma is the most likely outcome over the next 12 months; after a significant revaluation of the company's shares.
AIMHO.
.
I already made my thoughts clear what would happen a couple of day before the announcement, was surprised it happened so fast..
RE: Up on small volumes.
30 Mar 2024 09:09
"It wouldn't surprise me if Private Equity took Redx of the AIM market seeing as AIM is currently being overlooked by investors. With a potential $870 million future payment ms from Jazz Pharma for Kras inhibitors, the current market cap appears very lowly and the Jazz partnership is definitely a thumbs up for Redx. I'll be sticking this one in the bottom draw as anything could happen here." JMO Adyor!
....for a voluntary delist it's insane.
Aim is broken and many are delisting. You can't blame them. Aim is an unregulated disaster these days and best avoided at all times. Look at the Dunkerton and Superdry shenanigans. Disgraceful and a total con job. He should be made to go to trail over it.
Have no idea why this drop but for a voluntary delist it's
Https://www.lse.co.uk/rns/redx-announces-sale-of-kras-inhibitor-program-ppngbqoo8pjfuap.html
An £80 million Company one week ago reduced to £16 million just because of a decision to delist from a dysfunctional AIM market totally crazy imho. The company has cash into 2025 following the $870 million deal with Jazz Pharmaceutical. JMO Adyor!
I see c4 has had the same news and held quite well.We could well see a turnaround on Monday and this could move up a few pence or remain in this range. I think we will see it move up I’m not saying like 10p but might see it in the 6/7p range.
There is a couple of weeks trading in this could average down let’s see how it goes.
"getting at"
One thing that's obvious is a lot of people have been sceptical of the motives to delist. But I've seen this share on days when liquidity is really low and it can just drop in price with few little trades. I think company is getting out the outlook if they remain on AIM. i.e Having to do fund raisings at dumb price levels just because.