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Sunday share tips: Dunelm Group, Green REIT, Redx Pharma

Sun, 11th Sep 2016 15:25

(ShareCast News) - Buy shares in Dunelm Group, said the Sunday Times' Inside the City column. On Wednesday the home furnishings retailer is due to publish its first annual results under new chief executive John Browett. In the final three months of the year the FSTE 250 company - a sort of cut-price John Lewis that should do well if the economy suffers a slowdown post-Brexit - saw like-for-like sales fall 0.6%, not helped by an earlier Easter and a extra week the year before, with total sales up 2.5%. It has a good dividend history.Dunelm's share have not recovered all their losses since the EU referendum vote and CEO Browett also has a shot at redemption with the company. After a premature exit from his roles as Apple's retail chief and a short stint heading Monsoon Accessorise, following a senior role at Tesco and as CEO of Dixons Retail, Browett was brought in by the founding Adderly family to fine-tune the business not for a total overhaul. For Browett, who has looked at managing stock levels and expanding store numbers into London, this will be a big week.Shares in Green REIT are worth holding, according to Questor in the Sunday Telegraph. The real estate investment trust, which has final results due on Monday, is focused on developing office space and industrial parks in Ireland, where the property market is seeing green shoots after a tough few years. What may boost the Irish market further is the opportunity from Brexit, with finance sector companies looking to move to a nearby EU country - and Dublin offers the same language and a supportive tax regime.As well as weak levels of consumer confidence, the Apple tax wrangle remains a major sword above the head of the Ireland's tax haven - though it should not put too many companies off. Green REIT has been improving its debt levels recently by selling off some non-core parts of the portfolio, which has helped the stock outdo the sector benchmark. If Monday's results are positive that should also provide a extra fillip, with some brokers seeing potential for the €1.46 shares to add another 40 cents in the medium-term.Red Pharma is a bargain for the long-term, said Midas in the Mail on Sunday, but be warned - founder chief executive Neil Murray is likely to need to raise further funds before the end of next year. Shares in RedX have sunk to below 27p since they were floated at more than three times that level in March last year. The strategy is to improve existing or close-to-market cancer, infectious diseases and immunology drugs to make them more effective. To be chosen for further development by Redx, drug compounds must have already been tested to some degree, there must be limited competition and the resulting Redx drug must be the best in the market.For example, Murray expects to move into clinical trials late next year on a version of a leukaemia drug that is designed to be more effective for longer than a similar drug produced by Johnson & Johnson and AbbVie. Elsewhere, trials earlier next year are planned for a treatment for pancreatic, breast and head and neck cancers that will target cancer stem cells in these areas of the body - a variation of a treatment first developed by Swiss giant Novartis. There's also a joint venture with the NHS focusing on hospital superbug MRSA and a collaboration with AstraZeneca on certain treatments. There was £14m cash in the bank at last look and the company will be back for more before long. Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only and not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
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19 Apr 2024 16:02

IN BRIEF: Redx Pharma shareholders approve AIM delisting plans

Redx Pharma PLC - clinical-stage biotechnology company - Shareholders pass resolution by 99.75% margin at general meeting to approve cancelling shares on AIM in London. This is now expected to take place on May 1, with last day of trading on April 30. Says it remains the company's intention to provide a matched bargain facility to assist shareholders wishing to trade in shares following the AIM delisting. Says it will make further details available in "due course" on its website.

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12 Apr 2024 15:35

Director dealings: Redx Pharma CEO ups stake

(Sharecast News) - Redx Pharma revealed on Friday that chief executive Lisa Anson had acquired 399,000 ordinary shares in the AIM-listed clinical-stage biopharmaceutical firm.

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2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

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2 Apr 2024 12:15

Redx Pharma plummets on plans to delist from AIM

(Alliance News) - Redx Pharma PLC shares fell on Tuesday, after it said it intends to cancel its shares from trading on AIM in London.

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2 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 buoyed by UK manufacturing growth

(Alliance News) - The FTSE 100 in London was up at midday on Tuesday, reacting to the UK manufacturing sector returning growth and further PMI data across the globe.

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2 Apr 2024 10:50

AIM WINNERS & LOSERS: 88 Energy finds oil at Hickory-1; Redx to delist

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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14 Feb 2024 09:34

IN BRIEF: Redx Pharma clarifies not currently pursuing US listing

Redx Pharma PLC - Macclesfield, England-based clinical-stage biotechnology company - Responds to a Times article published on Tuesday saying RedX is looking to list its shares in New York. Redx says it "wishes to clarify that it is not currently in any process relating to a listing in the US, nor any other jurisdiction".

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7 Feb 2024 11:08

Redx Pharma shares skyrocket on deal to sell inhibitor program

(Alliance News) - Redx Pharma PLC on Wednesday said it has struck a deal to sell Kirsten rat sarcoma virus inhibitor program to Dublin-based Jazz Pharmaceuticals PLC.

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7 Feb 2024 09:29

AIM WINNERS & LOSERS: Verditek falls on cash shell plans

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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15 Dec 2023 21:09

EARNINGS AND TRADING: Redx full year revenue tumbles; loss widens

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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18 Oct 2023 12:30

Redx Pharma looks to progress portfolio after raising GBP14.1 million

(Alliance News) - Redx Pharma PLC on Wednesday said that it has conditionally raised around GBP14.1 million by way of a subscription for 54.1 million shares at 26 pence each.

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21 Aug 2023 10:29

AIM WINNERS & LOSERS: Fulcrum Utility to leave AIM as loss widens

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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21 Aug 2023 09:33

Redx Pharma says RXC007 receives orphan drug designation from US FDA

(Alliance News) - Redx Pharma PLC on Monday said its RXC007 drug has received orphan drug designation from the US Food & Drug Administration for the treatment of idiopathic pulmonary fibrosis, a condition causing breathing difficulty due to lung scarring.

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21 Aug 2023 07:43

LONDON BRIEFING: Crest Nicholson lowers annual profit forecast

(Alliance News) - Stocks in London are called flat on Monday, with little in the way of economic data or company updates to reignite risk appetite.

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10 Jul 2023 11:22

Redx Pharma extends term of outstanding notes with two lenders to 2024

(Alliance News) - Redx Pharma PLC on Monday said it extended the term of its outstanding convertible loan notes issued to two lenders RM Special Holdings 3 LLC, otherwise known as Redmile, and Sofinnova Crossover I SLP by a year.

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