The bid price is the signal to this share IMO. I stopped using live pricing movements as a guide months ago as so many of the trades over 50k are delayed.. Bid has been pretty much static for a couple of hours and atm the range is actually 13.10-13.20.. Once the bid moves its a good gauge of trajectory for those that are as bored as I am at the moment :)
RE: Astrazenica may use HUMAN challenge studies as COVID 19 is becoming low in the population at large!29 May 2020 08:13
they would have to build a quarentine unit and develop a complete challange study model from scratch which takes huge investment and a long time to do...Hence why Cathal is so excited by this part of the business
Dave. I held this for six months and then sold out on the hype whilst waited for the RSI to drop back. So, if that makes me a trader on this one occasion because I started to buy back in when it started to cool off then so be it. Check my posting history and you will not find a traders narrative on this company or de-ramping as you call it. I am a person who looks at the detail not the group think.. cheers thou
North... People are putting out all sorts of fanciful future valuations on the group and, in my veiw overstating the profit margins on the anti body testing. The bottom line here is that we do not have clarity on the revenue model outlined and what the costs of sales will be? For example is the revenue be routed to Orph through third parties with thereafter minimal cost of sales to Orph on the top line or is the revenue all to be divided from the Orph balance sheet. This is an unknown but it didnt stop people talking just this aspect of the business to sky high valuations earlier this week. The SP was hyped and pumped to high heaven but now it is settling thankfully. IHO of course.
For what it is worth, my take on this movement is two themes. First people are tring to second guess the intentions of those who paricipated in the raise, without regard to the fact that only 4.5m were allocated to retail over both tranches. Institutions are included to flip given that invesco would have alreayd done so surely on the back of the past months SP movements. My second point is the fact that throughout the month of May this share has been trading onn a very high RSI consistenly and needed to cool off. It is for that reason that I sold my holdings earlier this week and, it is for the same reason (RSI dropping) I started to add again just now...Yes the SP may retrace but I wouldn't bet my house on that. If it does I'll buy more but my take on the movements in SP was it was overcooked on the news todate and I dont trade but even I saw this retrace coming. GLA
Scored - the cash burn was no doubt to reduce head cut and make redundacies in dual management posts.. He said as much in February when talking about the last raise ...I am happy with the figures as reducing costs; costs money short term...