Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So basically it's only easy to buy more shares if you're Polygon :)
Andybe - I've not read the 100+ replies on this thread but I think others have speculated that they may be completing the 90 day questionnaire with patients - so that the last handful of patients that would be completing their 90 day responses aren't influenced by a big global media announcement that SNG is an effective drug. If thats the case then results would be announced Monday 14th. Happy Valentines Day.
My expectation is still early/mid Feb
Bought 22K more shares today (in 2 purchases) and had to requote repeatedly on HL to get a price from them. Purchase just now went through at 180.4 - even though sell price at that time was 176p
Andybe - Everything is moving towards commercializing the product as quickly as possible. Discussions are ongoing with regulators. No need to fret, the results will be announced and will be bundled with progress on other fronts. The results will also be unimpeachable due to not rushing them out like other BP.
SNG won't be correcting their results like AZN or Merck had to - they know it has to be right first time and it will be. Just relax and wait for the fireworks.
Yes, I think when the RNS comes it will be more than just trial results - there's been a lot going on in the background at SNG HQ. We know they are in discussions with the US regulators since they requested the additional pilot trial that concluded last week. Why would these discussions be ongoing and why would there be a need for the small pilot trial if they didnt have good results to announce shortly?
Results are still within the scope of early 2022 as previously stated. My belief is that SNG are already in discussions with the US regulators (hence the additional pilot trial that concluded last week) so the company doesn't feel the need to rush the results out as it wouldn't progress things any more quickly.
You can hold me to this, but I feel that when the RNS lands they will be announcing more than just the P3 trial results. My guess would be the inclusion of EUA being submitted and/or BARDA funding.
syn00gold - you should start a new thread for that Catalent post or it could get overlooked. Nice little breadcrumb of news
Great paper Matml. Another indication (as if SNG needs one) to show that the incoming P3 trial results are likely to be positive.
Hi Mr Costs, I sense you're getting impatient whilst waiting for the results announcement. I've tried to condense down your post to your 4 concerns/questions to help address them:
1) We know they are recruiting for new staff - does that mean we have potential orders in place pending positive results or does this scream we need to get people in place to try and obtain some orders?
- The staff being recruited aren't sales staff. The new hires look like they are focused on US operations to facilitate the handling of the business with the US orders
2) Even if we get positive P3 data, it will still take up to 6-12 months to get final approval to sell the product unless a EUA is granted.
- Do you have any further reference points to back up the projected 6mth+ EUA expectation? I would imagine it will be more inline with the Pfizer/Merck approvals. Perhaps sooner since SNG has a lower risk profile.
3) Will we actually have any sales this year or will we still be a data / research company?
- Yes I believe sales will definitely be H1 and likely $1Bn+. Its quite possible that pre orders will be announced within weeks of the results announcement
4) Very slow progress.
- I'd disagree unless we are still waiting in March. From all the activity from leadership we have seen since the beginning of the month its clear there is an awful lot going on behind the scenes.
bought 11,400 more this morning at 174p. Not long to wait now and our patience will be rewarded.
Brand - Those interviews were great, but I believe they were deliberately conducted BEFORE the results were unblinded.
Morning all. Just thought I'd write a quick (perhaps not exhaustive) list of all of the actions we are aware of since P3 trial data was unblinded (15th December). Make your own mind up if you feel they are lining up to announce strong results or something neutral or poor:
- New VP Finance appointed
- Made the following statement on Twitter in Jan "We remain completely focused on readying ourselves for regulatory engagement and a rapid launch pending positive data and regulatory authorisations, and look forward to sharing our topline Sprinter results early this year"
- Global Strategic Partnership announced with Ashfield
- posted 5 new job offers for the US in Jan
- Created a new synairgen.com website with a highly polished origin video. New website headline is "Breakthrough Science for Severe Viral Lung Infections"
Remember that all these announcements and actions were after P3 results were unblinded and they had at least some visibility of what the results will be - such as easy to determine numbers around comparable mortality, for active treatment vs placebo.
100% agree Brand. If there had been a constant stream of flag waving and razzmatazz by SNG then recent announcements could be taken with a large pinch of salt. If anything I've been frustrated in the past at how 'British' and conserved RM was whilst BP took all the media oxygen with inflated claims of efficacy.
Now though it does wonders for my own nerves that you can see the confidence exuding from the company - especially when we know of the personal integrity of RM and Sir Prof Holgate.
There could be all sorts of angles played in the coming months - one might argue that the trolling will increase since PI's are sitting on epic gains and efforts may be made to convince that the share has spiked. II's will be aware of a potential TO and will have no doubt calculated an estimated offer price - but they will want more share liquidity from sellers rather than buying and pushing the price up further.
We have seen from Poly that II's can be experts at accumulating shares without greatly affecting the SP. Others will want to follow suit.
Personally I'm holding until TO as I think thats the most likely outcome. However SNG have made all the right moves to show they are not beholden to an acquisition or JV to be able to execute commercially in the near term.
Manifesto - pmjh is definitely in for the finale
Yep and I guess that's when the old adage that in the short term the market is a voting machine and in the long term its a weighing machine. Until the results are out we are driven by sentiment.
Not sure what the answer is to minimise trolling but it can make a board pretty toxic when there are multiple offenders working the board. As you say though, most have made their mind up now to wait for results. Just a few more days/weeks to find out if SNG really have got the 'breakthrough science' thats claimed on the front of the new website...
But yes, ultimately it's not going to make any difference to the SP compared to P3 results and the impact they will have. Just don't be naive to the fact that there are bad actors out there that look to maximise their own wealth to the detriment of your own.
Andy, I think you'd be surprised by the amount of PI holdings that have eyes on these boards. We did a quick straw poll on Reddit and came to a rough estimate (based on 50 of the 250 members) that the group had somewhere between 5-10% of the total shares in the company. Thats more than Polar....
There will be a lot of overlap but I would argue that LSE readers/contributors hold significantly more than that.
A case in point for you. When Castro (Kansas Uni) mis spoke about A2 progression for SNG (and it was posted on the forums) the SP rocketed by £20m plus in a matter of minutes.
There have also been other occasions where a poster has found significant information that has triggered a SP rise.
I will conclude in saying there are more sophisticated rampers/derampers than mumbo jumbo.... :)
I'd beg to differ Andy. As an investor you visit this site frequently.
Where else are you going to find information on SNG that's current? Your choices are here, ADVFN, Twitter or Reddit.
As a stock that still has significant PI holding, I think you can certainly shake some weak hands to sell (or ramp a share to increase buying) by messaging in these forums.
To look at it another way. If you wanted to drop the SP by a few points, what other method would you personally employ if you were looking to buy at a lower price or if you were shorting the stock?
NDN - It's always good to be cautious when investing and check you're thinking for confirmation bias. It does feel that the company is exuding confidence on a scale we have never seen from them before in the past. If lukewarm or poor results were incoming then I think comms would have been non existent or minimal - plus they wouldnt be splashing out on new US websites, origin videos, signing new partnerships and posting half a dozen US job opportunities.
I think we can sleep comfortably (albeit impatiently) until P3 results are announced.