Member Info for chilting

mateyboy Do you think AstraZeneca will be interested in the REDX pipeline?

More insight here - just published. http://www.investorschronicle.co.uk/2017/05/26/shares/news-and-analysis/administrators-called-as-redx-pharma-fails-to-repay-loan-mYttpJCLpS5JpKcj2ys4YK/article.html

If some of our British agents had the spunk that she has I doubt bricks would be where it is today. Good on you gal - you fight your corner!!

On a point of interest it was Countrywide who originally set up Rightmove back in 2000 along with Halifax, Sun Alliance and Connell. Talk about sowing the seeds of your own doom - little did they know!

We will get a percentage back if it isn't sorted - not very much I shouldn't think. Hopefully it won't come to that and some of the larger shareholders will rescue the company on their terms and probably install new management. I guess Astra Zeneca is a large creditor and Redx have a collaboration deal so they must be actively involved in sorting things out - maybe they will simply take over Redx from the administrator.

steve it seems that it does mean that the share listing on AIM is cancelled from May 31st. Another example is here - their code is DCP if you do a search on London South East. http://www.ftse.com/products/index-notices/home/getnotice?id=2189976

CEO should go!!

I think that the only way forward is for the large shareholders to take control of the situation with a completely new board to fulfil the massive potential in the pipeline.

Our biggest hope has to be the institutional investors - I cannot see them just sitting and watching things fall apart.

Yes, a very impressive bounce!!!

I wonder if PAYS stepped in and used their buy back option earlier this morning?

Not much damage this time although someone in the murky world of the shorts would have benefited. This says it all --- https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=301182727

I guess they will be raising more funds later in the year or early next. But I think that the SP already reflects that need for extra cash. After all the potential would not exist without the continued funding.

All systems go! go!! go!!!

The main thing with Pharma companies like REDX is potential. REDX clearly has potential but the risk is much higher than the potential. The trick is to ride with the potential and double up, then sell to just leave your profit. Then you are just risking your profit for the long term - Good Luck!!!

TradeUp That may be a little optimistic - remember this is AIM and big fluctuations do occur - no matter how good the company is. I sold about 60% and kept 40% last Friday. Long term this is a very strong buy now maybe a hold or sell for profit. Also shorts are starting to take an interest.

Agreed - sell for profit. But still a hold for the long term - upward momentum will continue for the foreseeable future unless things go wrong with the American expansion.

Yes, correct. It would be the logical coming of age for PURP to move to the main index and the market cap is big enough for the 250

I was just wondering if anyone had heard if PURP was going to join the main index? With its current market cap it could actually join the 250 above the automatic entry position.

The bottom line here is that PURP have designed their service around the needs of the customer and buyers. But can traditional agents claim to do the same - many for example don't open on Sundays or if they do only have junior staff in attendance. It seems to me that traditional agents have become very complacent over the years and frankly are fair game to Pureplebricks disruptive technology.