Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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Now the election is over the acquisition transaction can go through
If you sell now you get the lower sales price and you pay costs. If you wait for settlement date (2/1/20) you get the takeover price and no dealing cost. Your choice. BOL
Ive never been in a position where one of the companies has invested has been taken over.
Question: What's the point of waiting for the takeover to happen? Why don't I just sell at the current price?
Does anyone know the implications?
CMA have cleared the acquisition.
Still think the price was too low especially after 2.6m contract win.
Nevermind
Scheme meeting and AGM on 7 August need to approve takeover. Guidance, so far, is that takeover will complete in H2 2019, following regulatory clearances.
Does anyone know when the acquisition will actually go through?
Meant to post this with previous message: Why would this European Asset manager be taking a poistion od more than 1% at this stage of the bid timetiable? Went Ex div on Friday.
Simon from IC says that the offer is a fair price & should be accepted. GLA
Last Friday's investor lunch was certainly a masterclass in deception. No clues were given to a possible takeover. In fact, the CFO pointed out that a takeover was unlikely given the esoteric nature of its operations. Although it's pleasant to view a hike in the stock price, I do have a major reservation in terms of the price offered.
The company is operating very successfully in growth markets that are difficult to access with clear barriers to entry. It has high levels of recurring income and owns much of its own IP. Easy to forget but it even has a very nice chunk of freehold property that has not been revalued. Having re-domiciled itself to Dublin at the end of last year, it can and has won business with the EU's Space programmes. And it's in a great position should the UK launch its own alternative to the Galileo system. This is quite likely as Britain has already earmarked some £92 million for researching the project.
Basically, I believe that it's being sold too cheaply.
The timetable for completion of the takeover will be published as soon as practicable. Expectation is that it completes in Q219. Personally, I'll be taking no action in case anotherparty makes a bid in the meantime.
It takes a couple of months to come through but you don't need to do anything. Hold for the dividend & no commission on the sale of the shares when it happens BOL
Hi
This is the first time I have been in this situation and I was hoping someone could clarify a few things for me:
Does this mean that my Scisys holding will be sold
Is it sold automatically
Is there anything I need to do
Well good news even if it is a bit adrift of my sp target.
Wow. Didn't expect that! Sold at year high last month, then missed opportunity to get back in at 182p. Well done to those who did!
Continues to deliver; one of the more dependable investments in my portfolio.
Simon's target price is 230 but guess that will be upgraded in time as they keep winning contracts. BOL
New high today, presumably as readers of IC print have warmed to the investment case have. Onwards and upwards!!
New highs on the back of IC update yesterday. GLA
Tipped by Simon Thompson of IC today...
I've been impressed with SSY past year. Nice rise today. Onwards to 200p.
Such a well run company. They seem to have got the perfect balance between risk and reward. I really have faith in the management team here.
Very pleasing results...
Think the price here has just drifted down off the back of low volumes. Nice rise today and with results due out next week I'd hope for a rise back to 180p where it was after the last trading update