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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 ÂŁ2.00.
Assets of ÂŁ2billion 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!
Massive Buy
Up!
Odd that it’s blue on sells
Hardwood capital 10%
Volume has fallen out of this now, price starting to settle on the waiting game for news.
I am hope this falls down to 20p over the next few sessions so I can top up and average down prior to news either way. This is win big or lose big on the outcome which should arrive in the next 4 or 5 weeks
Davey I’m not sure I will be taking any school lessons from you, especially as you struggle even with basic grammar! I think you’ll find opinions will vary on all stocks and the caveat is; it’s your choice, your investment, your trade. On the subject of SED somehow being used to discredit any opinion here, a totally different company and situation, I maintain that the risk versus the reward there was worth it. I’ve been doing this for many years successfully and made money on the exact same situations. Over at SED it’s not actually the end of the road as you well know! Feel free anyone at all to filter my posts including your good self Davey50! IMHO DYOR
I think the submission will take few weeks to review so don't think we’re going to get any news in the imminent future, just need to hold fire for the moment
Jeez sharebel you're a danger to the novice share trader and reader of forums. You would not listen to reason in Sed and you think this is going to be took out for fortunes when they have no money left...risky business
MADGE you’re confusing and then conflating a hostile takeover where the company who want to takeover buy up over 30% of issued stock this however is a formal sale process takeover offer approach for the entire share capital and in those circumstances the marker for the offer would be a minimum price of the highest price the stock has traded at last 12 months. That would be 1.55 and as they don’t own 30% the offerer; there’s no obligation to accept that figure so it could be priced higher pricing in the IP etc it’s a starting point! IMHO DYOR
Another day at Investment kindergarten for SEDBel,
You're confusing requirements for a Mandatory Offer:
"Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target’s voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months"
Nobody has built a stake of 30% in RENX buddy, there is no highest price paid rule.
I still haven't worked out if you're simply one of the stupidest 'investors' I've ever seen, or if you are lying with the aim of trying to deceive.
I want some of what you are smoking sharebel . Great logic for working out the value of a company ha ha 🤪
Stop taking huge risks in RENX and jump on board Atome for a quick 20p turn . You have missed the 44p offer from yesterday as they are starting to move now
I keep reading the fantastic offer RNS and if it’s a takeover offer for the entire share capital then the offer must be in the region of the highest price paid within the last 12 months! That is a staggering 1.55 so THAT is the MINIMUM marker for the offer. We should get a formal sale process timetable I’d say beginning of next week, if not even an intraday. The DD if it’s AZ which I think we are all agreed is the likely candidate, should be substantially reduced as they know us already! Exciting times for holders here, not so much for the shorters and spreadbetters amongst us who quite rightly are very worried! IMHO DYOR
Current figures.
https://kidneycarepartners.org/kidney-disease/
Future figures.
https://pubmed.ncbi.nlm.nih.gov/30559143/#:~:text=This%20incidence%20trend%20along%20with,971%2C000%20and%201%2C259%2C000%20in%202030.
What is it worth, and this is just USA.
Way I view it, if it's takeover, offer will at least 52p based on share price of the RNS and a minimum 30% premium (I'm thinking maybe could go as high as 70p). Otherwise, it could be a fundraise at 40p or a bit below (possibly at as low as 30p given the discount with these things you can get sometimes.)
Evening Gents,
Ears were burning.
SEDbel strikes again, showing his (in)competence. He thinks an 8.5 form is an institution buying, doesn't realise a broker has to report any trades during an offer period.
Take a look at EQLS for three to four of months of 8.3 and 8.5 forms during an offer period. You might learn a little how it all works.
Another red day, many more to come.
"Renalytix AI has partnered with AstraZeneca to develop and launch precision medicine strategies for cardiovascular, renal and metabolic diseases".............so if the buyer is AZN will they need to do a lengthy DD.
It's a thought.
Obviously the cash is low. But on the plus side, it's got some long term II backing from Polar Capital etc, recent progress on regulatory/market access and now they say a possible bid on the table too. If the bid is too low, then the current IIs will want to support a fresh fund raise.
Good luck to you . Hope you do well đź‘Ť
I have no position either way . Just popped on my radar so telling it like it is .
Easy to look at the facts with a clear mind with no position. I can’t imagine many people are short because of the tight borrow .
So I hope they go up for you guys .