Wondering..3 Jun 2017 07:53
I suppose with the amount of cash Roche has paying 8 or 28 for Sphere is immaterial they can afford to wait and see how Sphere progresses. I know if I was boss of Roche I'd have made a cheeky bid by now continued with P4 (+) to see if it could be a runner, if not, we'll saonara! If we were sitting at 50 they wouldn't adopt the 'wait and
see' attitude that's for sure. Indifference and circumstance has driven us to this ridiculous level where are future is not in our hands as a) we have no leverage and b) Woodford & Co control Sphere. Plusses and minuses to that for sure. Many thought Woodford's envolvement would see the sp take
off and by now we would be safely packaged up and sold to Roche, Siemens or others to develope. If you asked Dr Henry could he have imagined £60m being Spent on Sphere and being able to buy the Co 10 years later for half that, he'd have said never in a million years! I often wonder at this price if an MBO of sorts might be on the cards (present management excepted) to kick start some interest in the Co. I cannot see us being this cheap for very much longer and SVB might be the first to move.