Morning All8 Mar 2019 06:08
Thursday night bliss, 6.00 Rennes 3 v 1 Arsenal.............8.00 Chelsea 3 v 0 Dynamo Kiev and both games live on TV and worth the watch.
Another article on City Financial................................
https://www.investmentweek.co.uk/investment-week/news/3072160/battered-city-financial-suspends-equity-fund
Learning how long this has been going on, to which we seemed blissly unaware, explains to me the constant selling we have seen, and not just L & G over the last few months and before Xmas when news of closures must have been known amongst the ii community and ultimately has taken up to 60% off our Share Price. L & G must have felt it was rude not to dispose of 10% of their holding as a result. So one mystery possibly explained, and the reason i said last , but on the other hand and noted in this article "by on a daily basis" was it is perhaps another cloud hanging over us, one which again i hope is resolved by a company like BioNTech agreeing a price, it would seem higher than the 6p City sold at, to take a 5% stake in Scancell, and then increase their holding at a higher price in an equity issue, again leaving us to raise more in the market at a much higher price. If there is legs in the BioNTech, Genentech and Roche triage, an opportunity to take a stake in us not such wishful thinking. Lets see what develops, would still love to see where the first 5m tranche ended up.
Probably fair to say this has caused much speculation as to what is going on, and understandable criticism of Scancell might just have been a bit unfair but who would have guessed that this was the cause behind the slump. Just ny own thoughts and would really appreciate the thoughts of others too.
So another week has flown by, every week seems to go quicker these days, but i do believe rather than totally incompetent management we have not enjoyed much luck, what with the vaccine, IND and now this to name just a few examples.Amongst the gloom a 2 x 200k buyer has emerged, don"t be shy, hope to see you back today and for many more visits too..
Hope that resignates with some, but again share your thoughts, it helps us all. ATVB