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22,778 Trade at 10.58 am was a buy. I would guess a lot of the other trades around that time at 10.5 - 10.6 pence were also buys not sells.
I don’t think the RNS today could have avoided stating any more recent less positive news. So that in itself is positive confirmation that things are progressing.as planned.
New measure of enhanced tax credit for life science R & D should be a big benefit to Scancell.
So now approx 1.2 mill shares showing as unknown late trades between 3 and 4pm. Could well be S/h selling some of the exercises options at 5p from last week which in quiet market has excessively depressed the price. Could be more to come if they sell out completely but the price should stabilise / go back up. Not too worried here as LTH.
£5 mill sold. Negligible bought. So SP fall no surprise..
Wish it was 82.5 p. It's actually 0.825 p.
Rioforever - I totally agree with your comments. Disgraceful way to run a public company.
Oh dear. No surprise no-one wants this tired and misdirected brand. Apart from a few years when they prospered on the back of FCUK branding we have been hearing the same sad story from Stephen Marks since the 1980’s. The plan announced today is an insult to shareholders intelligence. SM obviously has no intention of giving up day to day control so hopefully the end of this story will be short and sweet!
Mainly held in WPCT. Much smaller % in the suspended fund.
Both the 16,000 and 12,000 are my top up buys
The share price fall is a temporary while everyone digests the news we knew was coming in some form. The OO will be between 1 for every 20 and 1 for every 25 so those who are committed should be able to support. If you run the figs of the dilution and lower placing and OO price in crude terms and in a perfect market which this is not by any means it should only knock 1 p approx off the price before announced. But as many have said the price has risen more than 20 % over the last couple of weeks so it ma have naturally dipped down as before anyway. What is sure is that the funding is no longer a question to be answered and LT holders will find the lost ground is soon made up. Those who are in and out of the share short term always risk pain and that will always be the case.
6m EBITDA at � 23m was similar to 2016 first 6m and last full year EBITDA ended up at � 60m. So with this years cost savings , which they previously stated were going to mainly show in the second half and acquisitions I think that is where the original � 70m this full year came from. It all 'added up' until this last week !
You need to add back to EBIDTA all salary costs as no vat, premises rates and also some rents have no vat. Depending where they buy from they could also have a monthly import due bill which falls due at the end of the month for March which cannot be reclaimed until the next VAT bill. So VAT and Duty is still my best guess.Cannot see that it could go back to prior periods as they would have had to disclose that in earlier rns.
Monthly PAYE nor Quarterly Corp Tax would not be anything of magnitude of � 30m - It can only be VAT/duty which they need to have at the start of the month as SMT1 states below.
I would expect its VAT.
I believe they can come back as soon as they are good and ready but PWC will want to take as much time as poss to ensure that any further comment form the company is 100% accurate.
I think it breaks down � 5m accounting error (P/L) and � 15m margin reduction (which is trading and therefore also P/L) and then today � 30m which is cash flow/B/S but also may have an effect on trading if lack of cash effects day to day trading
Well short term my alcohol consumption is likely to rise because of this !
I meant to say the projections/forecasts will be separate from the historic accounting records used to prepare the published accounts
I think you will find that the same level of involvement does not apply to forecasts. What you are stating relates to the historic accounts not the forecasts and short term cash flow projections. The projections are not part of the forecasts and I am sure that a lot of companies do not involve the auditors in reviewing this info in any detail pre release.