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CDT $4 in pre market. Remember US main market opens 1330 UK GMT today so have a look.
Big opening sell for some profit taking. Price could drop if many follow suit or we could see the rise consolidate and extend. Will be interesting to watch it play out.
Touching $3 and the volume is at a modestly good level two thirds of the running average.
Looking good but let’s see what the evening and tomorrow brings.
At least we know we now CAN sell our Vela piece of CDT when the price is right, no rush though. CDT news flow could continue.
Conduit Pharmaceuticals Announces Opening of Prime Laboratory Space in Europe's Leading Life Sciences Hub
SAN DIEGO and LONDON, March 11, 2024 (GLOBE NEWSWIRE) -- Conduit Pharmaceuticals Inc. (Nasdaq: CDT) ("Conduit Pharmaceuticals" or "Conduit") today announced the opening of cutting-edge laboratory space in Cambridge, United Kingdom, a global centre for research and development for companies at the forefront of life science innovation. This strategic acquisition marks a pivotal milestone for Conduit, positioning the Company for portfolio expansion, enhanced development capabilities, and growth of a robust intellectual property portfolio.
Conduit Pharmaceuticals Announces Opening of Prime Laboratory Space in Europe's Leading Life Sciences Hub
SAN DIEGO and LONDON, March 11, 2024 (GLOBE NEWSWIRE) -- Conduit Pharmaceuticals Inc. (Nasdaq: CDT) ("Conduit Pharmaceuticals" or "Conduit") today announced the opening of cutting-edge laboratory space in Cambridge, United Kingdom, a global centre for research and development for companies at the forefront of life science innovation. This strategic acquisition marks a pivotal milestone for Conduit, positioning the Company for portfolio expansion, enhanced development capabilities, and growth of a robust intellectual property portfolio.
Now AIM is not logical and neither is the world. But imagine for a second that it was: CDT will fly on the unusual but positive scrap of news, and VELA would fly on the back of the MWE news and the ( logically predicted) CDT rise. You can but hope……and prayer.
Certainly was excellent news. The Hartlepool and DG sites are the leftovers of the disastrous Stadium purchase which left TT with these poorly invested factories. Cardiff had big issues too. A good move for cash and means the remaining business is all Swiss-watch like and well invested and profitable/highly profitable.
Hi unclejim who is this addressed to ? Postman or Hogbog? Just so I know whether to reply or not?
More interestingly the Vela feed on Twitter ( or X for anyone who loves accuracy or Elon) is busy with updates from our invest,ents. Always worth a read.GLA.
Great price to buy in. ENSI doing well and other investments either doing well or recovering. Something will happen with CDT but it could be months rather than days we need to wait.
The value of the business is double current mcap at least.
Perhaps some of this chat boards negativity puts investors off? Consider this too.
I understand that 50k sounds a lot for advisers but it’s pretty normal for a £15m deal size. If it had happened no one would be moaning. You can’t expect advisors to work for free!
A great day for Vela unreflected in the share price ( again).
Good RNS with further commitment from one of our larger holders.
Very good write up in STimes and great half year progress for Ensilica. The portfolio is now over 50% good or recovering businesses. With the news of a recent near sale/investment in the Vela business there is much to be positive about.
And with Mr Bloggs in “rehab” again then it is a better chat board to be part of.
We all knew the accounting practice involved in valuing the CDT holding was going to hit this update so no one should be surprised. Especially those taking a daily interest in CDT.
The small number of share sales in other investments are quite insignificant and the fact the board got close to a massive cash injection is to be welcomed.
CDT may well come good and possibly in a big way.
Other big investors may see the business as a possible good value route into the disruptive market sectors.
I’m happy to sit tight and see this as a medium term investment. One for serious holders not for day traders or roulette wheel officionados. Good luck to all patient investors.
Erudite point Unclejim. The no news SP drift down is certainly the norm on AIM. CIZ has resisted that partly due to PI hope over hope, partly the in institutional holdings.. Solid news will lead to 5p then 10p