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Agreed 45-50p next leg up consolidation now virtually complete in low 30s
40p soon.
$2.27 at the close Friday. After hours trading saw it fall to $2.02.
Close... make that about 35p is open Monday if we correlate. Looking at all the buys fly through ok the Nasdaq from 2.12 taking it up to 2.38 momentarily before Nasdaq close. Looking good. Consolidation nearly complete before next leg up and hoping the next leg takes us over 50p
Always profit takers after a rise like that.
Now on the Nasdaq with a close near a high and hit 2.4 just before close! Great day ahead tomorrow likely
Nice movement here now.
No doubt profit takers will have their day soon but the trend is in the right direction.
Positive.
Summit Therapeutics adds to SMT-571-stoked rally, up 18% https://seekingalpha.com/news/3437909?source=ansh $SMMT
Looking a touch easier from what it has been today...currently around $2.20, coming up towards lunchtime there.
Equates to about 33p - pretty much level with our UK close today, although if the US falls a bit into their close today we could be lookimg at SUMM going somewhat easier on this side of the pond, my feeling.
The 9.5p was a fat finger event - saw it happen on level 2 - volume rapidly changed to 0
9.5p close sp ??
There are 5 UK shares to one depository share so you divide the $187 by 5 then divide by the exchange rate say £1.33 to the $ = approx 28p.
https://www.tandfonline.com/doi/abs/10.1080/13543784.2019.1582640?journalCode=ieid20
If you can't download the full paper - the expert opinion concludes
Ridinilazole is a novel antibiotic with ideal properties for the
treatment of CDI. Namely, it has a very narrow spectrum of
activity that causes minimal killing of the host microbiota while
displaying potent activity against clinical strains of C. difficile. It
is non-absorbable providing large concentrations to the colon
when delivered orally. Given that it is not absorbed systemically,
it is expected that ridinilazole should have a favorable safety
profile including a lack of drug interactions and systemic toxicities;
results that have been confirmed to date. Given the
promising results from the phase II clinical trial, ridinilazole
may be able to lower the risk for CDI recurrence thus improving
sustained clinical response rates; a current unmet medical need.
As the importance of CDI recurrence continues to be appreciated,
ridinilazole should become a first-line agent due to its antirecurrence
properties. Due to all of these reasons, the results
from the planned phase III study are eagerly anticipated.
Funding
This paper was not funded.
$1.86 (closing price) 1.325 (exchange rate) 1.86/1.325 = £1.40 /5 = £0.28p
Sneaky MMs dropping in sells from the 25th.
Naughty trying to encourage sells ?
Order to fill ?
gl
Good percentage in Sticky fingers.
MAJOR SHAREHOLDERS
Summit had been notified of the following holdings of more than 3% or more of the issued share capital of the Company
Name % Holding
Robert W. Duggan 48.8%
Lansdowne Partners Limited 13.2%
Polar Capital 3.3%
Thanks, good start to your investment!
Great to see some movement here. I’m still in morning but this helps. Not sold since our recent fall as I’ve got faith in SUMM in the long term. Been doing a little top up. Getting in now or before too long could be a very good move.
Diversifying my portfolio a little.
The Proactive report swung it for me as much as anything.
Not much of a Charty person but looking like if we clear 30p then straight to 35p ?
Any body technical to give a better chart forecast ?
Either way up/down happy with my entry and a little dry powder if she drops
jmo
Should be virtually out..hence stocks do sometimes go up as well as down! This has a long way to go so expecting 50-60p in the coming weeks/months. Nasdaq also drives the UK side - currently 28p equivalent
OK great, can you explain why you think SUMM a buy this morning? What has changed in the past few weeks to make you buy now?
Well i just bought 3k worth and it was straight to N/T !
Went through at 26.93
Could have been trimmed up a bit but whats a penny.
gla
News or just another pump and dump exercise? Seen something similar at IMM in the last few weeks.
What is the exact calc you use to covert Nasdaq into uk? Thanks
NASDAQ close was $1.87 (plus 28.97%) = 28p roll on Wednesday.