Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Unfortunately for me I am down 83.4% which equates to large stack of cash. Resigned to the fact I've little choice but to stick around and see it out one way or another. Will need great results to get any form of funding in here.
Further?
Haha “ governance processes”, You’ve got to laugh, the BoD must be thinking are the FCA & PRA going to ask us what are they, who’s responsible for them, does it include shareholder value? this has to be the least governed bank on the feck’n FCA books.
A while ago I used to work for a bank that had been served with a non-compliance notice which is what happens when you are not following the regulators (FAC/PRA) rules, and a large part of that can be around credit risk (which is Metro’s problem).
Metro may had have had little choice but to work with/contract one of the large auditing firms to meet all regulatory compliance requirements (which will may well be a long list). You can imagine, this is a license to print money for the 3rd party involved and a massive cost to Metro, why? there is an absolute requirement for regulatory compliance.
Metro are likely laying out large sums to demonstrate their (new) credit model is fit for purpose, they have the right team in place, appropriate framework, policy, procedure, systems and effective oversight to move forward, which may be more complicated that one would image, particularly so, if no one in Metro realised until the light bulb moment that caused the SP to crash.
Generally, a risk model would normally involve taking advice from or accessing data from the giant credit agencies to incorporate into their own risk model/appetite to allow them to identify their risk level (it’s cheaper to develop your own model, but how good/accurate is it without the data?).
What they have done is a failure of magnitude through many layers within the bank, goes without saying, rectifying this is going to be time-consuming and very costly, It should be said, just because these deals have been classified at the wrong risk level does not mean they will default, but clearly, the risk is higher.
It may well be that the regulator has looked at their entire system, not only their risk management, which of course could lead to more work and more costs?
The costs and timeframe to resolve this all depends on how well their existing framework for credit risk was established and if it was any good etc. All guess work and IMO. I am long. GLA
I'd rather this had not happened, however, it has so if AMER does not move north on Monday there is something very wrong going on, other than the shenanigans between all these nation states IMO. :)
I’ve not been in here for a couple of years but made a £1+ per share when I was in then watched it go another £4+, however, I was happy with my profit. Whilst I’m still not in, would like to be, but we’d all like to be everywhere at once! IMO KAZ is a solid company and if I can free some cash up, it’s going here, hopefully before copper goes too far. ;)
Risk is about exposure to it and how you can mitigate it, the hedge funds (shorts) will IMO have info that PI, therefore, if they are still. In the game they know something or have very good hedges at their disposal, IMHO. I’m long for the record. ;)
Pump and dump share,Shane for PIs IMO
taking a kicking, anyone know why?
AMER will go and go for a tidy sum. :)
does anyone who holds this share know why its dropped 5% of feck all but was up 10%+ lately? Could it be baskards pumping and dumping and fecking over PIs? Dah ken but its bizarre IMO. :)
1. the company is worth what someone is willing to pay, fact.
2. the directors have always had an exit strategy, fact (DYOR and you shall be enlightened)
3. the potential SP of AMER is massively more than the current SP. Speculative observation ! :)
4. the suitors a likely to be many including our existing partners. Speculative observation ! :)
5. We have many assets that our competitors want, e.g. OAB, CPO5, acers and acers of prime development land. fact
6. this is not a fire sale. fact
7.money in the bank and producing assets. fact
8. offer on the table. fact
9. 17p offer rejected. fact
10. higher offer in the making. Speculative observation ! :)
There is no doubt IMO AMER is gone, however, it’s how it goes that matters, we parasite little PIs have zero sway, and for all the guessing that’s been made (some based on sound economics of he business) could be miles off, why?, because this AIM and it’s not the strictest investment market rule book in the world, make of that statement as you will.
Lets hope it reaches the higher levels of prediction and the BOD do a good delivery job (for once)! :)
All IMHO.
17p barely covers the Oxy $100m. It is very cheeky, however you don't ask you don't get. If II's have any sense they'd have reviewed the BS/PL, current assets, potential, partners and the rest and will start buying in bulk. If it does not reach 20+ today on either buying pressure, or the speculation of other bidders making an approach I'd be disappointed. Hopefully, the PR machine will be kept busy over the next few weeks and keep pumping out information, ever raising the price! :)