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I think you have ure decimal point in the wrong place. I believe you are implying 0.3 pence or £0.0030. Very important when making calculations!!
Looks like another MM has joined the party taking the number from 6 to 7. Bullish sign me thinks :)
I have been scratching my head as to what has happened here, and just like many others have commented here , it does not make sense. I don’t really like making emotive posts, but today i will make an exception.
For those of u who are Bond fans(ie James not Terry), there was a villain called Gold Finger who in a sense wanted to increase his gold value by making the US gold reserve @ Fort knox worthless. I do believe this is what has happened here. They have been trying to obtain our shares through 'tree shakes'. This has not worked well and they have resorted to what i call an earthquake!! You may ask how do u know? Well i can tell you the participation from Institutional Investors and directors tell me that this dog is not dead yet. Why would you have savvy II and directors line up to board the titanic? The biggest shareholders Bill Chang and BGF have not sold a penny; on the contrary have purchased more!! This behaviour is not in the DNA of an institution that wants to make money.
Why put a subscription price at such a low level, if not to destroy the original investor base value? This has been completely subscribed to.
In November, there was a trading update that bore no indication of any trouble ahead so it beggars belief suddenly there is an issue. Also we employ 250+ people, so is the prudent action not to reduce head count? On the contrary I believe I saw on twitter the company is still hiring.
On the balance sheet, we have 8.4m so where has all the money gone?
If this action is legal, then they have pulled off a blinder, if not I welcome an invitation of behalf of HM service for those culpable (excuse the Bond Pun again)
Finally i would like to draw your attention to Stifel a brokerage firm who valued us @ 21p a few years back. One could argue since then with the recent signings we are much more valuable, but lets remain conservative.
The shares in circulation amounted to about 727m. The gives a market capitalisation of 152,670,000. I posted last month how it is possible for a deal to be done in the backround and possible the share price to fall to ward off frightened retail investors.
I and few others have commented that their recent share purchases have all come up as sells. The new shares in circulation will amount to 1.66B + 0.7b = 2.387 b. In order to maintain the original market cap, the price will have to fall to about 152,670,000/2.387b which equates to about £0.0639 or 7 pence. On the 11/05/2022 a director bought 1,000,000 @ 7p . U know who :)
Also using Barrys total share allocation as an example, he currently holds 4m shares. from here to 7 pence, he stands to make 280,000 pounds . Have a good Xmas folks
Just been looking at the FT website and its interesting to see new institutional investors buying in and present still buying in
For example UOB Kay Hian Pte Ltd purchased 12.93m AS OF 02 NOV 2022 as a new member
HSBC Global Asset Management (UK) Ltd added 733k AS OF 02 NOV 2022 as an existing member
So looks like there is still interest in the II community
PS
Liontrust and Jarvis have also sold some
Very disappointed to report that one of the MMs is now offering 0.9p!!! Also earlier this week there were seven MMs, but now just six
Looks like two of the MMs are offering 1.8p and 1.3 p (SCAP & STFL) for this stock in the backround. This is quite an experience to behold in stock manipulation. No reason for it to be this low unless something is happening in the backround, like others have alluded to.
I read this excerpt which may put some light on whats going on.
https://www.griproom.com/fun/why-your-stock-is-always-red
Right now on L2 , 6 MMs are offering in the 3p range. very strange price movements of late !!
T Trader you are welcome. hopefully a good week to come !
You can check out this FT link and scroll down to the bottom to see recent II movers and holdings
https://markets.ft.com/data/equities/tearsheet/profile?s=YGEN:LSE
...maybe a green shoot of hope today as i can see the MM offering 9 pence . GLA
...not only that, why would an II invest in a company that consistently dishes out options/shares? The dilution effect would be taken into account no matter what the growth prospects are worth. This is why at the last AGM, the BOD were pulled up on exactly this strategy. He is going to have it tough i think unless he pulls out a super rabbit out of the hat. Candidates include, take over, share buy back, massive revenue(excess of 37m) this financial year....etc. Also the MMs trading this stock are now down to 7. In 2020, there were nine of them.
I think there should be some sort of pivot towards shareholder value in my opinion. Buying up companies is a good strategy(if the companies are up to scratch), but i believe since the value of the share price has halved since 2020(against increase in revenues), the company should think of polices such as share buybacks or dare i say dividend payments. Also to convince institutional investors to come in at this level as well as directors buying. This will send a strong message to the market, instead of relying on acquisitions and apparent endless issuance of shares/options
Wow on the 07/08/2020 the Institutional investor BGF Investment Management increased their holding from 7.88% to 9.166% at an average price of 17 pence!! I would luv to be a fly on the wall in their update meetings as how they mis timed this one!!
Looks like one of the market makers has dropped off CFEP(Cantor Fitzgerald Europe) from trading ygen. Previously there were nine, now eight. Share trading volumes are very low atm.
Well said my friend!!
Looking like a good blue day. 5mms are bidding 15p and one @ 16p
Yep a bit slack i would say!!
Has anyone noticed that year end revenue for Regional segments is 2020, while revenue for operating segments for the same revenue amount is for 2021??
Looks like 4 mms are on the cusp of offering 15p for Ygen. May this increase continue....:)
...again not all of the 100k sells are sells. Two of the 100k i bought the other day registered as sells