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We have had a lot of good news recently reckon this will be a long awaited major success story
RNS is about as good as it gets at this early stage. NASDAQ seem to like the news.
Great news rns.
Looking good again now going forward.
Cracking rns ....good news after good news after good news
Fingers crossed for Phase III
The following sentiment could be one of the reasons in the sudden SP increase for which I note further interest on the NASDAQ this evening;
Summit Therapeutics' Upcoming R&D Day Could Be A Tradeable Event:
http://seekingalpha.com/article/4294632-summit-therapeutics-upcoming-r-and-d-day-tradeable-event?dr=1#alt1
Interesting day ahead . Good luck.
£100,000 Buy !! Something cooking ??
GLA
Thanks pharma confirms with Chris last night 29p equivalent
Take the dollar price - divide by 5 and apply the exchange rate - so would be $1.79/5/1.23 = 29p
US = 5 ordinary shares on AIM - current exchange $1.23 to the pound
I think one US depository share = 7 ordinary shares in Summit. But don't quote me.
https://www.investopedia.com/ask/answers/06/adshares.asp
It doesn’t - Chris normally gives a good explanation of the conversion formula
am i being thick but how can $1-77 = 20p
There is 148,000 shares waiting to buy on the Nasdaq at 1.77 which is about 29p... why do you think the huge disconnect ?
So 1.80 close = nearly 30p? Going to be a great day tomorrow then as uk line follows Nasdaq
stew200 - Summ is currently 14.38 % up at $1.75 = £0.29p which is the highest rise this year.I also note that we have not had the interim results out yet for the 6 months ended 31st July 2019 which are normally out by now - is there something brewing ?
It’s certainly moving over the pond take a look
How can this share price move until long term finance sorted out? They run out of cash in a few months time. What is to prevent the 49% holder buy this for a few % points over the prevailing share price? Clearly, no big pharma was interested. Been here for years-not much faith in CEO-interested to see CFO left-despite been given a shed load of share options at around current share price levels.
GLA.
Good day over the pond
Summit Therapeutics to Host R&D Day 7 October 2019
https://www.summitplc.com/app/uploads/2019/09/2019_RNS_33-RD-Day-alert-FINAL.pdf
There is more evidence out now
Encouraging but we need some firm scientific or business news to see the sp fly.
Editorial articles not going to really move buyers imo so holding and waiting.
Thanks chip some very exciting times ahead
Hi Stew, This may be common knowledge but Ridinilazole is licensed to Eurofarma in Latin America so they are following across the pond closer than us, It's also classed as "urgent" by the CDC (Centre for disease control & prevention) Funded by BARDA
Once this gets through phase 3 it's only going one way & 65% of the shares are in the hands of three individuals !!
This also makes interesting reading
https://www.summitplc.com/app/uploads/2019/06/ASM_Summit_Pipeline_final-2019.pdf
GLA