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You must be in big deep Maj, never seen such a nervous poster!
SEDBel, you are literally too stupid to have any sensible form of communication with, at least in terms of investing.
You don't understand when mandatory offers apply, you don't understand what a form 8.3/8.5 is, you think you are getting your money back in SED. You are quite simply as daft as a brush.
You're officially added to my list of LSE'ers that I'll base short trades against your posting, you are that strong of an indicator.
Looks like we will be finishing in the 40’s ask is on the cusp and NT for even medium sized buyers! Shorters do shut up if you’ve not covered yet your problems not ours, when this moves and it will soon then you’ll need to have bought or risk RNS with offer price being filed which will be minimum of 1.55… MADGE still moaning despite plain black and white forms filed here telling us ii have bought more since the RNS announcement last week! IMHO DYOR
Companies at this stage in this sector run out of cash all the time. Some of them manage to raise at market price. This one now has an offer on the table as well as the other usual options.
Amazing how they apparently “keep lowering the price to fill buy orders” 😂
SEDbel is definitely good value, never a dull moment when following his calls for a blue day.
Another week closer until the cash runs out, will it be a highly discounted placing, or a brutal CLN?
SEDBel’s record makes administration a contender based on his track record, so don’t rule that out.
Think there'll be coverage. AstraZeneca are a leading sponsor.
Well once again they’ve wound this right back but looks as though this in reality is really as far as they can take it before they get swamped with buy orders which will defeat the entire object of why they’re doing it when theres a tiny available free float; so expect this has to be the bottom now all things considered but a great top up/entry line for those who want in/want more! IMHO DYOR
Let's see what US trading brings. Might be an upturn....
The next rns will be interesting to see if an offer comes in which I suspect at multiples from here and whether they suspend it pending a shareholder vote?
As our near neighbours AZ are around the corner and have plenty of coin it wouldn't surprise me if it was them?
Anyway have to be in it to win it at the end of the day...
Hopefully. I've been following some of the US chatboards on this and posters generally seem to think the chart still looks very good, despite the pullback.
We’ve had 4 days of pure manipulation since the announcement and endless pullbacks to fill clear buy orders as we’ve seen printed. With such a tiny free float it’s inevitable but the shake out must be coming to an end as any minded sellers now have sold up and anyone left now, is holding tighter for the offer and looking to buy more! IMHO DYOR
"I must say, it's extremely curious how they got an unsolicited offer just before they ran out of cash".
IMO it is a good time to make an offer as it will not be high ball but enough to interest, here is the offer or do you want to go down the new equity route.
I admit I think they will struggle in 2024 to turn a profit and the report shows this, so for me it is worth a punt that they might sell to deeper pockets if the price is right
https://renalytix.com/renalytix-reports-financial-results-for-second-quarter-of-fiscal-year-2024/
RENX will be talking to the main shareholders. What would they accept, the people who own a 10% chunk? 8op minimum? 120p minimum or 150p minimum, for example?
Obviously if they think the best offer is too low, they'll be looking at securing some kind of fundraise. Given there's an offer in the background to me it would be logical if any fundraise was at market price rather than discounted.
I must say, it's extremely curious how they got an unsolicited offer just before they ran out of cash.
Maybe the company that made the offer is one of those fine upstanding companies oozing with a good Christian business ethics. It's so gracious of them to put themselves at a huge disadvantage by making an offer for a company that was weeks away from being stony broke. They could have waited a month until RENX was up for grabs for next to nothing but they went ahead and did them what was moral and righteous. (For people who didn't quite pick up on it, I'm being sarcastic)
MAJ, ok, I get it the company has very little cash. But you're saying the firm has fabricated the whole thing and they don't even have an offer on the table. That's going a bit too far surely.
So four straight red days. Funny huh?
The company fluffs an expression of interest on Monday, causes a highly speculative spike in the share price. Also tells shareholders it is still trying to raise funds because they will run out of cash in April.
Share spikes on Monday. Fictional speculation ensues, kindergarten level speculators run riot predicting a 70p close every day.
The share then falls every single day for the rest of the week. Some Tricky folk think something has leaked when the share momentarily bounces a few %.
Speculators make up random takeover links, Abbott being today's raffle ticket.
The number of noisy folk is vastly reducing, this is normal as the boiler room moves on to the next target.
Sensible prediction is still that this is 10p by the end of April
Did I miss anything?
It makes sense. The RNS did say big diagnostics company. There aren't that many of them. And bound to be a US firm isn't it.
Where have you seen/heard this?
Link?
Abbott Laboratories
Hope people have followed my switch idea . Sell RENX buy Atome 🤞
Be lucky 🍀
Mills aged 70.
Levangie 73.
The rest of the board is over 55, three are share holders another two have options and one has none.
https://app.boardroomalpha.com/profiles/companies/FJ7WCT41-RENALYTIX_PLC
Current cash runs out next month.
If the price is fair I think this will sell, pass it on to a company with deep pockets.
The broker says they'll get £2.00.
Assets of £2billion for investment. They also act for Rockwood Strategic plc who are based in the US. Assets of $39 billion under management.
Wonder if they are buying on behalf of the buyer? If not there's a leak surely?
Looking promising here now!