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Out of interest, how much is every penny of SP worth to you?
Ain’t wanna know how much you have invested, or your number of shares. Just how much a penny increase in SP or sale value means to you?
I think I read one person is at £300k a penny so has seen a £1m swing most days in the past few weeks! Balls of steel
It'll be the only thing to save my sanity.
Markets are a deep shade of red today. I got caught the wrong side of a FTSE trade overnight, and a lot of shares are in the red. Yes, that's market life, and they'll be green another day, but throw a man a bone please EUA :)
Sareum Announces Grant Funding Conditionally Approved by the UK Government (UKRI) to Explore Potential of SDC-1801, a Selective TYK2/JAK1 Inhibitor, to Treat Covid-19
Cambridge, UK, 27 October 2020 - Sareum Holdings plc (AIM: SAR), the specialist drug development company delivering targeted small molecule therapeutics to improve the treatment of cancer and autoimmune diseases, is pleased to announce that its application for approximately £174,000 grant award (the "Grant") by UK Research & Innovation ("UKRI") to investigate the therapeutic potential of SDC-1801, its selective, small molecule TYK2/JAK1 kinase inhibitor, in severe phase Covid-19, has been conditionally approved.
The Grant is subject to the UKRI's standard financial review of the Company and the submission of additional documentation, which the Company has provided to the UKRI and is now awaiting a formal grant offer letter (the "Offer Letter"). Subject to the Offer Letter being received and the Grant being provided, Sareum has agreed to contribute an additional c.£64,000 in cash and commit additional management time to the project, which is expected to take approximately six months to complete.
A further announcement will be made in due course as and when appropriate.
Sareum's CSO, Dr John Reader, commented:
"We are delighted that UKRI has indicated its conditional support for our programme to investigate the therapeutic potential of SDC-1801, our proprietary TYK2/JAK1 inhibitor, in severe phase COVID-19. There is a pressing need for new therapies to treat this potentially life-threatening disease, and there is evidence to show that TYK2/JAK1 signalling may play an important role in the inflammatory cascade that leads to the cytokine storm observed in some patients."
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
For further information, please contact:
Sareum Holdings plc
Tim Mitchell, CEO 01223 497 700
Strand Hanson Limited (Nominated Adviser)
James Dance / Richard Tulloch 020 7409 3494
Hybridan LLP (Nominated Broker)
Claire Noyce / John Beresford-Peirse 020 3764 2341
Citigate Dewe Rogerson (Financial PR)
Mark Swallow/ David Dible 020 7638 9571
About Sareum
Sareum is a specialist drug development company delivering targeted small molecule therapeutics to improve the treatment of cancer and autoimmune diseases. The Company aims to generate value through licensing its candidates to international pharmaceutical and biotechnology companies at the preclinical or early clinical trials stage.
Sareum is advancing internal programmes focused on distinct dual tyrosine kinase 2 (TYK2) / Janus kinase 1 (JAK1) inhibitors through preclinical development as therapies for autoimmune diseases, including the 'cytokine storm' immune sy
I can imagine they will be involved for a good number of months to COMPLETE the deal.
However - to get to the point they can put an offer forward for shareholder approval should be significantly quicker. Notwithstanding counter offers and gazumping ;)
Tiger, while I admire your enthusiasm, think about what you said for one minute. There is no way on this earth that UBS would 'tell' their clients to close shorts. That is stonewall insider dealing and totally illegal.
Think of how big UBS are - those dealing with the M&A are so far removed from those on teh trading floor, it simply wouldn't happen.
Fingers crossed we all get what we areaiting for soon though!
Let’s just follow my scenario based on today’s 30p.
You put £10k in at 15p. Average 15p. Now it’s 30p and worth £20k. Still average 15p. You take 10k out. Average 30p for your free ride
It sells for 300p for maths sake. You get 100k back. For free.
You don’t take your 10k out you walk away with 200k.
Had a few beers. Am I doing this wrong?
"investing.com" is the name of the app I use. I also use the website.
Custom watch lists, custom holdings portfolios so you can enter your holdings and averages to get a live price change.
Comes with charts, notification on +-5% movements. Really good and free!
Probably busy with other things Ferg, and the headline is very positive. I’m personally not reading too much into it.
Although tomorrow is my last day at work so waking up to a nice red dot will make it even sweeter!
I think the rums have gone to peoples heads tonight. As much as I respect PI, it’s just a bit of positive, but poorly researched journalism. Let’s not get overly excited and try to read between non existent lines.
Relax and wait for the official red dot ;)
I agree it's all part of trading, but even if someone is a complete and utter testicle, I wouldnt wish them to lose significant amounts of money, and i certainly wouldn't get satiscfaction from it. My 'long' money is satisfying enough.