The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
LurkingNoob, many congrats on a wonderful end to your trading week. I remember the Synairgen phase 2 trial results day and also mad Friday with TILS.
It won't be long until TILS holders enjoy further success. Thankfully, the bleeding may now have stopped.
Have a great weekend all.
How about the BoD buying shares back, using some of the placing money?
Or would that send out wrong signals?
I meant a much longer prolonged period of pain. Clearly we’ve had enough of pain since placing
Yes, another bad day at the Office. Not long til Stem vote and shorts will need to close at some point.
Don’t see a painful drag down and purchase by Exact as:
1) have cash from placing to tough it out
2) Gabrielle holds the majority of shares.
As was recommended to me after the placing, maybe it’s time for switching off and coming back in a month.
As always, GLA
Mis-timed !
On the (short term) face of it, I’ve mis-time’s my top ups earlier this week.
I care not a jot, as I believe, like most posters, that the price paid this week will be insignificant within a month. I’ve never been so relaxed holding a Company’s shares.
TBF, there are so many other Companies due to make significant announcements (mainly Covid related) and once they do, you can expect sizeable investments from those waiting in the wings.
GLA
Have been out for a liquid lunch. Have the Yanks dragged down the UK again?
Filled up earlier and will assess selling other holdings in the morning to top up.
Risk off now?
GLA
Totally agree. De-risked now ands could be the safest investment available
Seems I might have been right.
GLA
Today has been a reminder to me that there are lots of people on the sidelines wanting to get in, trying to judge the right entry price. Probably some of the profits from Covid testing shares turned up before lunchtime. Welcome all.
Whilst it’s a shame the Yanks couldn’t hold things up their end, it was great to see that lovely rise earlier.
I topped up too and this is significantly my largest holding now.
GLA
That there are so many eyes on this share with fingers triggered to buy, like a gunslinger at high noon.
IMHO, the next news will send this flying.
I'm in, with an average of 1.70 and think that's a bargain for what will surely come.
GLA
Well, this is a turn up for the books. Hope all kept the faith.
Thanks Rokerpark68.
So, broadly speaking eight weeks plus, if TILS and their financial advisers have their game in order.
Anyone know when a listed Co are obliged to notify shareholders of a potential buy out?
It’s a month ago, exactly, since the placing was announced? I’m in dreamland mode working out when we might here news, if that’s the case.
Y-Alam, don’t lose the faith just yet. SNG have just had a lovely TR-1, could be here next (fingers crossed)
And me, Rockz.
Anyone know rough timescales for due diligence to be completed for a buy out of StemPrintER?
Shiraz, I’m sorry if I created the impression of being a doom merchant. I’m far from that and am very happy with my holding and the prospects for TILS.
Just a quiet day so I aired my thoughts ref drop.
It will all seem like a moment in time once news hits and I will enjoy toasting TILS’s success.
GLA
Oops, Nasdaq suspensions, not PMEs. Apologies.
Y-Alam, your comment, "But let's look at this....let's say they actually had no intention of raising funds....let's say the institution approached Tils and asked for a stake but did not want to buy at current price. Worth thinking about.", seems to get to the nub of my thinking too. Very well put.
The US placing wasn't taken up by US PI's, who may have mistaken the ADS split. PME's were going off everywhere that mad day, with no-one knowing exactly what was causing it (couldn't just be FOMO).
Until then, the BoD's objective appeared to be to clear the ATM in the best way possible to preserve the share price. Then, BOOOOOMMMM !!!! A major placing at a top price.
Could this have been an unexpected opportunity, which they felt they couldn't turn down (help them reach major milestones without cashflow fears / negotiate best terms on any potential NDAs, including StemPrintER)?
It feels like we're missing part of the story. Only time will tell.
Unless, I, you and many others on this board are wrong.
It won't be long to find out, I'm sure, either way.
GLA
It's a quiet day so:
My first purchase in TILS was in May 2020 (only 4 months ago !!!) at 0.59 per share. So, I guess I’m a Covid newbie (in this share). I’ve topped up significantly since then due to the potential that I perceive this has, on so many fronts, with this now my biggest holding (followed by SNG).
Rightly or wrongly, my view is that from the announcement that StemPrintER was significantly superior to the ‘best in market’, announcements significantly shifted gears, including:
- Back track on FTSE de-listing for a Bahamas listing (I particularly remember JHenry’s selling of shares due to the lack of transparency over this issue and then the subsequent buy back – the share price fell that afternoon)
- StemPrintER (previous nil balance sheet value) to be spun off to support Formulab, ‘the jewel in the crown’, getting to market
- US ATM facility
- Desire to move to full FTSE listing
- Mass Bloomberg advertising campaign
- Change in US ADS arrangements
All gave the impression that this would be a significant and short-term rags to riches story.
The silence from the BoD since is deafening and, as I mentioned yesterday, my hope is that it’s because of NDAs. There’s so much of value in their portfolio especially with the recent Patent grants.
In the meantime the share price needs to come to terms with itself. Perhaps part of the problem is have the US PI’s written off TILS as a tiny complicated UK market cap Pharma, when Nasdaq is on a flyer and other ‘safer’ options are available? Do investors feel tricked into believing TILS was worth the price on that mad trading day and resentment has kicked in?
That may not be the same view for the US II that swallowed up the huge placing, but it appears, for PI’s, TILS is walking on eggshells until the next piece of news. The hope is that the US will shake off any negative sentiment to allow the price to rise.
All of this does not change my view that this is a hold and buy time for TILS, but I can totally understand if you invested on the mad day or didn’t understand the ADS change in split, why you’d be reluctant to commit until you knew the price floor is in.
I’d like to switch off for a fortnight and see how the land lies then. But, when this moves ………..
Thank you to all posters for your views as these have certainly helped.
GLA
Are we in for another modest afternoon roller coaster like yesterday, ending the day at price parity?