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Wow, who would have thought a close today at exactly the same price as yesterday 112.50. A day of very strange price action. Still, todays huge long candle forms an excellent hammer at the bottom of a downtrend, hopefully indicating a reversal from here, or at least a good solid bottom for now.
In any case, it's looking (currently) as though support is emerging at around 73.5, maybe indicating the bottom of our new trading range for now. Guess it all depends on the next couple of closing prices and whether this level holds.
ST follows MTR closely and has commented several times. It's never a done deal but I can't imagine he will miss the opportunity to update his column with todays long awaited news.
See below the relevant section from yesterdays RNS:
In their published in-vitro[2] study, scientists at Cardiff University concluded that Venture Life's two CPC based mouthwashes eradicated the SARS-CoV-2 (COVID-19) virus completely (>5log reduction, equivalent to 99.999%) within a 30 second exposure. The virus was supplied by Public Health England, unlike other similar studies reported in the media, which have not used the relevant COVID-19 virus, but a related strain of it.
Cardiff University went on to state that the 'exact formulation is also important'. Whilst the CPC technology in Venture Life's mouthwash proved highly effective in the in-vitro study, they also tested a third mouthwash, which also contained both CPC and another ingredient, yet this proved ineffective. Their conclusion was that active ingredients in mouthwashes were not, on their own, enough to rely on, but rather it was the construct of the mouthwash formulations that was the critical determinant of a successful outcome. The Board considers the composition of Venture Life's CPC-based mouthwashes to be unique.
There is a particular active ingredient called CPC. Furthermore, it appears that the particular ratio/mixture of CPC to other ingredients in the mouthwash is also very important and in the case of Dentyl is proving highly effective.
Simon Thompson has covered this excellent news today which should help to get the message out there.
The above is the exact title of his article - you'd think IC might proof read rather more carefully haha. Still, it's all good publicity!
It's because it's been issued as a Non-Regulatory RNS. Why it was not deemed important enough to be a normal RNS I have no idea. It seems significant enough to me.
I can currently sell 45,000 shares in one hit at 59.16, even though the advertised spread is 58.60/59.40
Something is afoot.
Two more massive trades just gone through, just after midday. One for 1,115,000 and the second for 814,000, both at 59.5p.
I'm usually extremely sceptical about whether trades are buys or sells due to them being only indicative and based on the mid point of the spread, but I can't see how they can be anything other than buys at that price given the spread at the time.
The volume is going to be very high today, and I usually see that as a far better indicator of what is happening.
Off topic
SG2 Have you tried satellite broadband? I watched the whole presentation on our satellite and it was faultless (the satellite, not the presentation style!) We have no landline broadband here whatsoever, not even kB/s. Look up BigBlue. Hope that helps maybe.