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Prxt

Some very interesting news shortly.................

bargain at this price

Don't understand your comment: there has been no out of court settlement as yet

As a long-term holder of Fox I had got to the point of fearing for its very survival but now we can start again with a totally different proposition. One of the major US investment banks identified modular housing as one of its 10 significant investment themes for 2023 and that is precisely where the ECO deal takes FOX. Anyone with a close involvement with the building sector will know of the frustrations of materials supply, costs and construction times. Yet with ECO, the main element of the structure is made in factory, pretty quickly, out of material which is very cheap and easily available throughout the world. It should revolutionise the way large scale housing projects are constructed.

Of course, the new management team has to perform and only time will tell on that.

And then we have the interesting litigation situation. As was made clear in the 5 May RNS, the record date for entitlement to any net proceeds of the litigation is 6pm on 26 May. There are therefore still 10 trading days during which FOX shares can still be acquired which will acquire these rights. The litigation is against the Government of Kosovo which may have thought FOX, then capitalised at around £4.5m and looking all but bust, as simply an irritation that would eventually disappear. They are now faced with a company with a Cap potentially at £54m based on the Friday close which is a premium of 41% to the pre-suspension price. I suspect they are going to take FOX/ECO a lot more seriously now, especially since the new board has Dr Shala as a NED given his previous role as a member of the Kosovo Government!

All in all, a very interesting situation..............

in what way?

Have you researched the expected residual value of the fleet at end of leases having regard to likely hours run? If the answer to this is yes but 'not a lot' then have you calculated the possible revenue stream based on current revenue rates and hours?

It is great having a nice running yield but if one is effectively being repaid capital as part of the yield it might not look so great on further analysis.

Great expectations.........................

Quite right; 50p yesterday, down 4p today. Crazy - but great buying opportunity.

The 2021 preliminary results were announced on Wednesday 6 April last so it is possible that we might get the '22 prelims on 5 April. Having the '22 audited results would be an essential backdrop for embarking on a NASDAQ listing, in my opinion.
We therefore have just over 5 weeks to wait for for further significant news about our favourite investment which just MIGHT include the announcement we are all hoping for. Today's SP action shows that the Avacta share register is heavily infected with far too many S/T PI's who have neither the patience or intelligence to see the big picture and tremendous LT value in this share which may only be recognised on the US market. If the BOD does not move in this direction, then I fear that it will leave the company vulnerable to a predatory takeover at an absurdly low value.

Got this one right! A further consolidation pattern just completed; onwards and upwards today.

Quite a lot yet to come from Niox; fill yer boots.

Yes, I noticed that a week ago. Its bizarre and I am sure nothing to do with the company. What have they to gain from such a move?

BuenaVista

The fact that Heights are presently owed via their CLN £55m does not, absent specific wording in the CLN documentation (which shareholders would have to have seen and approved) enable them to block a hostile bid.

So we are left in the position which I originally said that the shareholder base is effectively weak. Most of the apparent institutional holders are nominee accounts for II's - my holdings are via AJ Bell/IG Markets for example.

No one is going to convince me that COLLECTIVELY sufficient small or even large private shareholders will have the strength of opinion to fight off what WE might regard as an absurdly low-ball bid. Just my opinion for what it is worth - crap or otherwise!

Thank you WeAreGroot - your comment is pretty assertive. Exactly from where do you get your statement that Heights can block a hostile takeover?
There was no such statement in any press release/RNS I have seen unless I have missed it.

On the not unreasonable assumption that the January RNS contains positive news on the progress of the clinical trials of AVA6000, where does this leave Avacta in terms of its vulnerability to a predatory bid? It has a m/c of c£300m with a weak shareholder base in terms of major holders capable of blocking an obviously low-ball bid.
Given the significant possibility of revolutionising the treatment of cancers, surely CEO's of the worlds big oncology R&D companies - all of which are valued at many $Bn's - are going to be thinking 'this is a flee-bite that might cost us well less than most of the speculative research programmes we are already involved with, its a no-brainer, buy it!'

Great chart pattern; we are off to the races backed by very strong fundamentals!

At least 7.5p in prospect short term.

ShareScope seems to reckon that 17,820,000 shares traded yesterday!

What on earths going on?

Is the dam bursting at last………

Utter rubbish article. The so called institutional holders are actually platforms representing multiple individual shareholders most of which will undoubtedly be PI investors.

looks like someone has dropped c 500k or shorted to that extent...................

We could be in for some fun with the ECO deal if Morgan Stanley is right with it’s thoughts on ‘moonshots’. In this podcast https://www.morganstanley.com/ideas/thoughts-on-the-market-thematic-investing , Ed Stanley makes the point that since 2000, only 1% of shares have accounted for 40% of the share price growth for new issues. These would include the likes of Tesla, Amazon etc. He goes on to identify his (small) selection for the future, prominent of which is the type of construction envisaged by the ECO deal.