The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Davey50, normally I would say your updates would not be necessary as a long term investor. However these are unusual times and as we get closer to D day your posts are welcomed rom me at least. Appreciate your intraday updates, as it tells me there are buyer/s hoovering up any loose stock all the way upwards from those not willing to hold through to D day and that is also understandable. I am expecting larger upwards movements over next week.
The rationale for me would be that if these guys deliver and there is very little room to doubt they will not, then there are a few larger players who will have no issue tying up cash for between a few months to maybe 4 years in the knowledge they will be returning multiples after that time, either through another relisting or OCTP getting bought out. There is a lot of exchange of stock going on at these level right now. Distressed sellers V buyers who want to maximise potential profits and get as much as they can cheap today. As we get closer and closer to D day the fun will begin to gain traction. I cannot see it closing at these level but more post placing of 0.5p and above.
When we delist, we as shareholders are no longer able to buy or sell, and we have to wait for the company to announce their intention to re-enter an exchange before we are able to have value restored.
However as delisted there is still the fact that we own a part of the company. My question is then if the company were approached to be bought out while not on any recognised exchange, and we were offered a fair value price on our holding, which then would have to be agreed to as we would still carry voting rights. This is possible?
Https://www.ingenucro.com/about-us
There is a clue on this page which is a possible why OCTP are going private. I don't want to say other than the price is still giving me the option to add. If I am right then, no issue with delisting.
Remember?
Appointment of Phase I Clinical Trial CRO
Oxford Cannabinoid Technologies Holdings plc (LSE:OCTP), a clinical stage biopharmaceutical company focused on the development and commercialisation of innovative cannabinoid medicines, today announces that, through its subsidiary, OCT Victoria Pty Ltd, it has entered into agreement with iNGENū CRO Pty Ltd (iNGENū), to conduct a Phase I randomised, double-blind, placebo-controlled dose escalation study to evaluate the safety, tolerability and pharmacokinetics of OCT130401.
Https://www.londonstockexchange.com/news-article/CIZ/holding-s-in-company/16465649
"My money is on a NASDAQ listing in Q4 2024" is not a ramp, its personal opinion.
If they don't come back onto an exchange then your long term hold for a few years will be over. So they do need to get back on an exchange at some point and apologies if you think that is a ramp.
TK44
I am not sure what your life experiences are, but your observations, draws your own conclusions, about someones personality and what their intentions are. I dont have to agree with them. You made assumptions whether right or wrong on someone you may have never met but from the outset, you never listened to what was said rather you observed what YOU wanted to confirm for your outcome. You could be way off the mark, you could be right, so you decide what is the best route for you.
You might be right that she could not care less about her shares, but you would be completely wrong in that she and the other BODs are not responsible to other shareholders. There are a lot of reputations on the line. You have nothing against say Jeremy Hunt who slashed CGT this year to £3000? which in turn stops a lot of people wanting to invest? which may have impacted stocks like OCTP, or nothing against the FCA for their continuous destruction of the markets with zealous rules? which again is the reason this company and many others are in this predicament, of not being able to raise finance unless making compromises which in other circumstances would make no difference? or the continuous pumping of economic finances into wars that leave people at home in a destitute situations with cuts being made everywhere to fund those wars. No Clarissas earrings being worth more than her holdings, is what made you decide, this is not worth holding.
Though no one likes money being tied up where you cannot get hold of it, at your own choice, its wiser to assess what would be the best option personally, and everyone has till the 6th June to decide.
Yes just watched it with subtitles as I am in a public place without a headset. I will watch again but my first impression was that its was pressed over and over regarding the position of current shareholders and each time it sounded like they will potentially go for another public listing down the line, once they are in a bigger position and it makes sense, as Clarissa said she will be as other directors holding onto their shares. They would not be wasting time in interviews like the one watched if they didn't feel confident.
So my take is that if this is true to its word and delivers then there should be plenty of buyers coming in who are willing to let their money sit for whatever time period and come back positive, if their DD shows growth. There will be sellers also which is natural but only those who need the money urgently or for whatever legitimate reason. No one should feel under pressure to make the correct decision for themselves.
The shares will be transferred out of the ISA and into another account accordingly to whichever broker you use. However you will not be able to trade those shares unless your brokers deals matched bargains.
It mind boggles me that a company worth lots more than the current market cap is this low.
They are traded on the OTC markets in the USA so not sure what bearing that will have here going forward as most holders are UK based and the shares I assume in the USA are under a different jurisdiction.
So a potential company worth a valuation of £27m could be picked up for £1m right now. It does make me wonder a while back there was a mass of buying and no movement in price, just what was happening, This has been rushed through for reasons. For the fun of it I am sticking around.
So this is for anyone with a HL account. I have this morning requested a contract note just as a proof that I made a purchase of the shares. However the shares will be moved out of the ISA and into a Fund and Share account which costs £1 to open or if you have one already the shares will be transferred out of the ISA and into it. The shares will not be able to be traded at any time and will sit there in the off chance that they come back on a recognised exchange again down the line.
UKtrader6
I understand the predicament here and that everyone has a different approach right now. I am in a loss on this but am willing to write this off for now in the hope that down the line it comes good again. This might not be suitable to others and they have to make up their own mind what do to next. It has been stated that a NASDAQ listing is a potential option for consideration then I am prepared to wait.
Appreciate your reply BC2021. I never read the appendix as it was not showing on small tablet. Thanks for clearing up.
Thats exactly what I intend to do. Its not said anything about a NASDAQ listing and not going to guess they do but no point in selling for me if what they say is true about being debt free.
Thats correct its only the share trading that has stopped. I had that in an email for clarification.
very clever ff, did you take “nhs up xxxx creek” as a standalone statement that there are many interpretations to people can think, or was there further context to that statement which would make it more understandable but you conveniently left out? what did you want us to mould into our thinking?
i am totally amazed why some people even get into investing or is it a trade that snowballed out of control? and now it gives them the right to **** off the company at every opportunity to find a scapegoat? the price of the share is influenced by many external issues and those issues depending on your approach can drum up an opportunity at these prices or regrets. depends how you control your emotions and how you are approaching this.
i was there at the agm the day psl became bou, and met john treacey, depasquale, and co, and voted against any further placings for psl which then created the shell. i was confident that day and still am that they will deliver.
i am glad that the communication between board and ‘investors’ (really the snowballed out of control traders) is kept to a minimum as from what i read from some these posters it would better for all.
“as has constantly stated the fastest way to get to market is through the us, once that is done i am sure other regions would quickly follow” absolutely bang on daddylonglegs.
The price movement has been near static, and basically moving within a top ask of 0.4 and low of 0.34, with bid bouncing in between. Not really interested in the short term price movements other than it is certainly facilitating in my view constant heavy buys which to me is pointing to stakebuilding, as by now the price would have moved out of this range and given the placing recently was at 0.5p. 1m in the grand scheme of things is not a lot of buying but added to what is other buys and within a price range puts an entirely different slant on this. No problem the price being here if that is what is happening and then followed by the upward correction once the buyer (if there is one) is done.
If Rob Bennett's reply went out at 9am this morning in reponse to Lord Mott's Linkedin piece then we have a run of buys starting at 9.22am with 1m, and now few minutes ago a 16.6m trade. Thats around £50k. Tell me I am wrong.
Https://www.lse.co.uk/rns/CIZ/holdings-in-company-225hfcfo7b5a6a5.html
Dave82 don't worry my friend, will put your mind at rest later.
I have been here before and not saying two situations are alike, but the last one was worse than this but we knew more detail. This one surprisingly is not yet details are few and far between.
Is this paragraph from July 17th 2023 hold any clues especially the first stipulation?
The Subscription Agreement also contains certain covenants in favour of WHI in respect of (i) the Company incurring financial indebtedness in excess of £50,000 without the prior written consent of WHI, excluding the 2025 Convertible Loan Notes, (ii) amalgamation, demerger, merger or corporate reconstruction of the Company, excluding a change of control or other acquisition of interests in the Company by WHI or third parties, without the prior written consent of WHI, (iii) issuing shares or share capital (or any instrument convertible into shares or share capital) to any person, other than pursuant to options or warrants which are outstanding at the First Completion or pursuant to a bona fide employee share or share option scheme, without the prior written consent of WHI, other than in respect of repaying all or any amounts due under the 2025 Convertible Loan Notes, (iv) the appointment of new Directors of the Company without the prior written consent of WHI, other than to replace an existing Director, (v) any substantial change to the general nature or scope of its business as carried out on at the date of First Completion and (vi) entry into a material acquisition or corporate joint venture transaction, excluding for the avoidance of doubt the acquisition of trading stock in the ordinary course of business and distribution or equivalent commercial agreements in the ordinary course of business, without the prior written consent of WHI.