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I think without significant scientific updates (new patents have not had the same effect) this is going to bounce around these lower levels. Looking at the volume of trades over the past few weeks and months we have to accept that a load of new people bought in at very low levels and are happy to dip out within days and weeks taking a 2x win whilst there are LTH who are well under water. I wonder how these lucky individuals are able to profit so quickly??? Hmmmm
There'll always be a place in the markets for short-term traders, & good luck to them. They help with liquidity. Whilst I can't speak for all LTH's, I'm not in this for a quick doubling of my investment, I want to be here when the potential in this share is realised. So I get far more worried when people say they would accept an offer of, say, £3 because that way, someone else is going to get the benefit come the day instead of me.
Agreed, I have no proof of this but I would imagine a lot of the people who bought in and sold out quickly didn't hold a lot of stock and so were never in it for potential life changing sums. Instead they made a tidy profit and fair play to them.
Hello everyone.
So, after a few tumultuous months it appears a little bit of normality has returned i.e. no news from the BOD and no response to communications from investors.
You really would think that given the debacle of the last six months, they would be keen to engage with shareholders to add assurances of the short term well being of the company, and as a minimum let us know when they anticipate RF to have forked off never to darken our doorstep again. Maybe even an apology would be in order. Hey ho I guess leopards never change their spots. !!
Given H1 2024 is now rapidly winding down we should remind them that there are commitments they have made to release news in this half year. I truly hope they don't disappoint us and the markets with further slipages of their self announced deadlines. Nice weekend all. Andy.
Andy
Totally in agreement
D.
Perhaps a communication along the lines :
‘CEO Issues Shareholder Letter Highlighting/Reaffirming Progress and Expected Milestones in 2024’.
A la Biodexa https://stocks.apple.com/ANfGBpfYPQFyBnYp0UwA1Fg
Yes will be great to see a start to positive updates and news flowing, I rather hope that they have a plan for dropping news, does anyone know if they can deliberately slow the MAD phase by perhaps agreeing an agenda date at the ethics committee sometime after actual completion. This they may hope let's RF sell out and then maximises SP impact as news starts to be realised, potentially also allows discussions with interested parties in parallel and might lead to sequential news drops in quick succession. GLA
A question l have is who holds the 9,550000 shares issued as part of the raise?
Arranged by Hibridian.
I may be wrong on my presumption, but these 9,550,000 shares would be sold onto the market for the benefit of Sareum and although the Placing Price was 10p, it has increased significantly since then.
At 10p is 955,000 pounds at 20 p 1,910,000 pounds.
Apologies for being a tad ignorant on this one.
Morning SOG - I did wonder that too as to who has those 9m shares. If any individual or company holds them they'd have to issue a TR1 so I can only assume they've been sold on to entities holding less than 3% of the company. Unless as the broker, Hydridan are exempt from that rule and can drip-feed them as required. I'd presume they stumped up the £955k and paid SAR meaning Hydridan could then profit from the sale into the market - perks of being a broker, I suppose.
At least PH didn't benefit as far as we know.
Just to add, it looks like a broker has a 2-day exemption from issuing a TR1 if they still hold enough shares to warrant declaring it. So I'd suggest the 9.5m shares have been sold on or at least 6m or so have been otherwise we'd see a TR1 from Hybridan.
See DTR 5.1.4.R2 - https://www.handbook.fca.org.uk/handbook/DTR/5/1.html
"A market maker relying upon the exemption for shares or financial instruments within DTR 5.3.1R(1) held by it in that capacity must notify the FCA, at the latest within the time limit provided for by DTR 5.8.3 R, that it conducts or intends to conduct market making activities on a particular issuer (and shall equally make such a notification if it ceases such activity)."
In the first 4 days after the placing, there were around 16m shares traded. RF end of day sells were very small (under 100k), which tells me that most or all of the placing shares were shifted by Hybridan in the first few days. If I remember rightly there were a large amount of unmatched buys on those days.
I'm sure many were bought by LTHs - the new herd didn't arrive for a few days. Hybridan have made a good amount on this placing - on AIM they often lead to SP under the placing price with a long drawn out process to clear trhe overhang.
With the general anti-PH sentiment here I wonder if the BoD are gently trying to distance themselves from them. Using Hybridan for the raise might be the first step and once the BoD are in a position to announce P1a results, they could tie it in with a change of broker and watch the sp fly.
T&J aren't stupid so I'd hope they are able to put two and two together if all our financial woes really do stem from advice given by PH. Only the BoD will know the whole truth of the matter and I suspect T&J are as keen for the sp to turn around as the rest of us.
I don't know what to think about PH. We literally have no evidence that they had anything to do with bringing in RF or the consolidation. PH were engaged to try and get Sareum some institutional investors. To even be eligible for that, you generally need an SP of over a pound. If Sareum wanted investors the consolidation was a cheap way to cheat the system but it didn't play our that way as investors also want a degree of certainty and we were never going to get that until P1a or maybe 2a. As for RF, how do we know it wasn't Hybridan or Strand Hanson the Nomad/financial advisor? I mean, wouldnt our Nominated Financial Advisor advise on finance? If not, the deal would have gone across their desk at the very least. Again, I don't want a witch hunt but all roads lead to the board. End of.
True, Potnak, we have no evidence that they had anything to do with bringing in RF or the consolidation however, try as I might, I can't find any shareholder on any forum singing the praises of PH. They do seem to have a bit of a reputation (whether earned or not). I've not come across the same level of disdain for, say, Hybridan.
In the absence of news, sentiment is what moves the sp and you can't deny PH are felt to be public enemy number one. At least now that RF are effectively out of the picture.
It may simply be a case of in the eyes of the shareholder, a broker can't win. They must always be the villain as a BoD would never shoot themselves in the foot. However our BoD are often chastised for not listening to shareholders so if enough have contacted the BoD to say get rid of PH then even if the collective anger is misplaced, what can the BoD do to appease the masses?
Yeah but people are confusing causation and Correlation again. The SP was gradually dropping before the consolidation and kept falling after. The RF fiasco accelerated it further. If PH had managed to get some ii's they would be hero's but with no news due, it was always a big ask.
PH could help themselves by asking James Steel to hang around for questions after any meetings he's attended. Though I've not been to one, I gather he vanishes as soon as the meeting is over.
I see that KBC Group bought PH out for £74 million in 2010, KBC been a banking and insurance Group. PH appear to get a good rating.
And of course with KBC being a Belgian firm they'll know a few HNWs over there who may be also interested in the world of pharma. But I couldn't possibly comment (cough, cough).
Are we getting a half year report of have I missed something? 👍
Good question certainly very late compared with previous 3 years!
Hi Desamax
The half year report appears to have been issued on 28th March 2024, according to the RNS.
Please excuse my ‘senior moment’ post below. How I missed that HYR RNS after scanning about four times, I’ll never know 😂