Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
We were promised an update in "a few weeks" on May 11th. That was 3 weeks and 2 days ago.
This drop is hard to watch for sure, but nothing has changed. The Government loosening restrictions will have played some part, for sure, but the fact remains we need this test.
Strange old game, AIM.
So I was happily browsing AutoTrader looking at used AMs and thought I'd check the price of their shares. Wow...
In for a piece of this. Buckle up.
July 3rd.
What's more likely - The MMs have tried small tree shakes for the past week and not gotten too far, and are now confident enough to buy any and all shares anyone is prepared to sell in preparation for making significant gains imminently - which is making enough of a wave to unnerve people and drive the price down.
Or - we are all completely wrong about AVCTs product and - despite no news to this effect - the market is reacting.
I know which one I believe.
This is AIM. A 40% rise on news is a molehill (ODX went up 80% on a Sky News interview last week). AVCT news should be groundbreaking.
What a very strange post, Leicesterboy.
Putting the full £20k a year into an ISA each year, with a very conservative 15% profit each year would see your total nudging £400k in 9 years. That's in one ISA, you can double that if you're doing the same in your partner's ISA as well. Then of course if you have aduly children... All would be tax free.
As for £350k in one stock - why on earth not? If your total investment portfolio is £5m that would be 7% of your holding.
Given that AVCT seems to be one of those shares where much of the gain is built in prior to the news being announced, it's unsurprising to see another drop this morning with no news released. Looking back, this slowing of momentum and gradual retrace is typical of AVCT shares.
I understand it must be a nervous time for nwe investors who came in over £2, but this share has shown time and time again that this is how it behaves in the run up to news being released. I'm certainly not going anywhere.
Just put a call into AS and he's dropping everything to knock up 7 RNS statements for 1pm for us.
Not afraid to admit I watched the plunge after the interview in disbelief. It's a funny old game.
Still, I'm planning to be in this share for more than a couple of days, so it's not a huge concern. Good to see the SP bounce back; shows faith in the share from the market.
AVCT took a big dip this morning as well but has pulled back a bit. Was expecting the AVCT dip to come as a result of GDR taking off after the interview. Happy to stand up and say I called this one totally incorrectly; though fortunately had no plans to trade either share today, so no harm done. I feel for those who got caught out, though.
Is it too early for gin?
People are forgetting that Boris relaxed lockdown last night. A lot of people are thinking this is all but over.
Couple that with the fact most were expecting news this week that hasn't materialised (yet) and you're left with an easy push down for the MMs to mop up. The fact it hasn't plumeted much further is etstament to the support for this share in the market.
I don't see anything any differently today than I did on Monday with this share. Other than the fact other companies are getting media attention this week (ODX earlier in the week and GDR are on Sky News as I type this). I see no reason to sell at this point, once the peak is hit from the launch of the test kit I may consider it - though I may also hold for the first sales figures. But sell today? No chance.
Markets want news. They haven't had news. So investors wander off to make their money elsewhere.
I was surprised not to see something at 7am, to be honest. I'm not overly concerned at this point, but this little retrace is completely in line with shares which have risen off the back of anticipated news and then that news has failed to materialise quickly enough.
News will indeed "come when it comes" but markets get impatient when they're expecting news and don't get any. Hence the drop here. The reason the drop is relatively small is becuase, despite being impatient, markets are still banking on big news imminently.
With the GDR CEO going on Sky News to discuss their ready-for-market product tomorrow, it will be an interesting day for them. The thought at the back of my mind is whether AS has chosen 7am tomorrow to drop AVCT news to overshadow it.
Interesting share, this one. I see the rise today as mostly being to do with the placing shares now being removed from the equation. Despite them being priced in over the previous weeks, the market doesn't like uncertainty. Not it can float up unrestricted (EXACTLY the same thing happened to AVCT with their placing shares on the day they went in).
It may go a little higher than I'd have anticipated based on the Sky News anticipation, but I think the interview tomorrow will make this rise look like a molehill. Just look what that interviwe did with ODX yesterday - up about 38% on the price prior to the interview at the time of typing this and that's despite ODX having to put out a speeding ticket RNS at 4pm yesterday. So nothing new with ODX other than being put into the public eye, and up almost 40%.
Imagine what a company that has a product ready for market is going to do...
This share is relatively steady for an AIM share - particularly for a pharma AIM share. But the longer we go without news when news is expected, the more the price seems to swing.
Back in April I had a lot more in ODX than in AVCT. I chose to come out of ODX around 62p because I didn't see much more immediate upside - even with today's increase over there, today's jump would be nothing in comparison to what I've made from putting it all into AVCT over the past month or so.
I'm happy to ODX holders, of course, but I don't regret being out and I don't see the upside being anywhere near as high as with AVCT (I'm looking at the cancer treatments here).
Buuuuuuuuuuuut the share price was never as low as 177 today. in fact it didn't drop below the 180 mark from what I can see.
That's why it looks so odd. Could it have been a big sell at the bottom of the dip that went through lower than the reported daily low as it was reported late? Possibly, but we don't know for sure.
Quite simply - if you wait for a small retrace you're unlikely to see it. But it's possible if there's no news tomorrow.
If you are out when the Cytiva announcement is made then you'll be out a lot more than £1500.
I don't often get involved with shares on a whim, but looking back over their RNS today and their sales figures earlier this month, I like this enough to have gone in for a small punt.
"Yeah but he'll have to wait four days for it to settle....would you do that right now?"
- No. I'd want to make the transactions simultaneously which would require releasing cash from elsewhere temporarily. But even taking a loan with no early repayment fees if liquidity isn't available personally would be cheaper than paying the CGT, I'd imagine.
Whilst not without risk, you can always sell your entire holding with whichever broker you're using, and purchase the same amount of shares in your ISA. Of course you'll lose a bit doing this with trading fees, and the buy/sell spread, but it should be considerably less than paying 10/20% CGT.
I said yesterday I could see this dipping this morning if there was no news at 7am. Was too much of a risk for me to sell up to re-buy on the drop, but I'm sure there are those who have done just that. Power to you.
If the market was genuinely concerned by yesterday's Govt announcements or any of the other companies this would have fallen off a cliff. As it happens, it's just the markets gunning for 170 stop losses. Once they've got them this will climb.
Not quite so confident of breaking £2 today as I was yesterday, but don't think this will finish red.
Have a good weekend, all.