Member Info for Bankfool

I don't think there is much ponit to a slanging match about who is ramping or deramping etc. We all want to see a sp increase after all. The simple ponit is that there is no basis for the claim about trial success. If anyone wants to speculate that the trail will be sucessful then take responsibility for your own investing actions. Please do not fabric grand claims without the evidence. The golden rule is why would someone share a tip with you? If the tip was any good why would they need to share thier tip? What do they gain from it?

Noise, the link posted to the trial was at least relevant, but the last update was 1/7/20 and I didn't read anything in the update to justify the claims made. Quite happy to be corrected on this ponit as I as well as others stand to gain from good news. If you could identify where in the update the good news is I am sure lots of people on here would be appreciate it.

There were a number of posts yesterday about VAL201 getting through a trial. If true I am sure that's good news but I have to admit if I had heard such a rumour I would keep it to myself for 2 reasons :
1 if it's true the sp would rise regardless of me sharing the information.
2 if I share news like that then valirx know someone leeked commercially sensitive information which means wasting time and money finding out who leeked and dealing with them.

I would love it to be true, but sharing information like that does more harm than good in my opinion.

Shovel 53, what does that link to the daily mail have to do with the price of toffee?

I would be careful what you read into 1 share trades. Could easily be just a radom person trying to start a ramp or just someone having £13 worth of fun seeing hw much commotion they can cause as much as it could be a mm signaling that they need shares. I never thought much of these mm codes. Surely mms (if they exist at all) will form networks and would not have any need for such radom clandestine codes.?

Thanks all for the clarification. The subtle differnce followed on from the details of the nominal value of 0.01p. I think it is the way Halifax do things, they do not always present information well on my account. I have been thinking of using a differnt broker.

I don't think I understand this open offer. Am I opting to aquire more shares at a discount or am I actually acquiring shares in a scancell spin off? Halifax has confused me by putting an extra line on my statement for the open offer shares with a subtly differnt name.

I think the spread is the result of having a more dynamic /engaged broker. For years the broker has been happy for the spread to sit between 13 and 22% and as a result no one wanted to buy, because of the hurdle to jump before any profit can be made. Its good that we now have a broker with enough sence to keep momentum going by closing up the spread when volume drops.

I am not one for averaging down and as a consequence after consolation I only needed £111.11 (99.6% down) to break even. However since regime change I have put put in a quarter of my original investment and only need 69p to breakeven. Mind you being sat on that sort of loss putting in more money is more likely a fresh investment for all intents and purposes. Happy to let suzy have a fair crack at turning things around but I know this could still potentially be a dog. Just going to wait and see.

Emill, whether GM and or SV are still around as employees is irrelevant. They are not directors and so there is no responsibility. If they give advice or not suzy is the responsible one and its her responsibility along with the other directors as to what actions the company takes.

I took my 1% figure from Valirx own website.
https://www.valirx.com/aim-rule-26/shares-issue/
4.2% is a much higher figure. Granted the website could be due for an update, but if it actually is 4.2% that would mean serious director buying.

I will just mention that when GM and S V were running things the directors holdings accounted for 0.47 % of shares in issue.
GM and SV are no longer directors, but directors currently own 1% of shares in issue. Sure that's not earth shattering, but it is a 100 % increase in comittment. I think I saw a post below that suzy had put in 5k. OK again not earth shattering but GM and SV didn't buy any in 2019 when shares were being issued like confetti (and worth as much as). Not going to try and spin this as a good thing, but it is still a big move away from the way things used to be.

Max, I rent my old flat. It's a never ending source of worry, at any given moment the tenant could start a fire. As it's lease hold I own nothing so what can I insure? Take into account maintenence fees, ground rent and interest on the mortgage and tax on rent and I am making very little. Also take into account the additional stamp duty I had to pay because I didn't sell my old flat and it will take years just to break even. The only profit is likely to come from increase in property prices. Oh that's right we are looking at a 14% drop in property prices! This is not a golden age for being a landlord!

I agree with dreammachine. The bottom was circa 220 last week. The drop off in volume mirrors the drop of in media attention. I think it is fair to say that Boohoo have weathered the storm. I will have to wait till pay day before I can get in, hopefully I'll still get sub 300 with a view to get out at 400. The only concern I have at the moment is the effect of a possible 2nd wave of covid and that's not going to be a risk unique to Boohoo by any stretch of the imagination.

Just looked at the current charts. We are closer to the 200 day moving average than in a very long time. Furher increase and we might actually get above it! Don't get too excited though, charts don't predict the future, but it looks like those green shoots of recovery are starting to come through.

I think you are worrying for no reason. The sp is climbing and there is no media reports trashing boo hoi's reputation. Volume is tailing off, but I would say that is a good thing as the speculators are moving on as things return to normal as the media scandals are losing momentum. Would be nice if I can get in sub 300 (no cash till pay day). The rate of increase may tail off with the volume, but I am not envisioning any sudden drops from this point forward.

Max, totally agree. I doubt there is scope to sell out and leverage profits before the next nugget of news that will push the sp up. We know we have a pipe line of pending news to come. However as I said I would not begrudge anyone taking a profit now if they wanted (we are all responsible for our own trading decisions). Also it leaves those with dry powder to top up ready for the longer term gains.

I don't think you can blame anyone for taking profit, it's what we are here for after all. It's the end of July (nearly)) now. I think we were due an update September which means there is limited time to take profits and leverage them ready to capitalise on a update.

Matty, buying and selling decisions should not be clouded by emotions and as you say the sweatshop stories have been reported before. However you seem quite happy with exploitation historic or otherwise so long as the sp rises. I am keeping an eye on this share and if the sp is 300 or less come pay day I will be looking to buy in. However if it turns out that this current scandal is the result of current exploitation I won't buy regardless of sp as I don't want to be associated with any company that exploits people. I don't have any issue with people putting forward the view that boohoo have addressed historic wrongs, but to imply that its good that young people don't care about ethics can not be a justification for shareholders to be equally apathetic. Simularly to imply that boohoo is kept afloat by a young customer base to stupid to spend money responsibily is to demonstrate complicity with exploiting the producer and the consumer equally. This exploitative attitude may not be uncommon, but to voice it openly does nothing to enhance the reputation of boohoo and is more likely re-enforce predujuce against boohoo.

Things are looking good dream machine. Doesn't look like I will get my 180 buy in if this is anything to go by! Few days before pay day so I can't afford it right now. I don't see any reason why this would not return to 400. Even if I get in at 300 I would be happy with a 30% rise!