Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Heh LOL yeh but what do we do here? I suppose its worth a tiny punt - totally blind to whats actually going on in this sector. Who knows if SBRE.L's arithmetic problems are pervasive? I wish I had a pal in the auditors that are doing these guys' books!?!
Further thoughts: +ve: general negativity in markets over rest of this year might bring even better buying ops for this. The negativity arises from issues that don't really affect HGEN: earnings worries, recession, etc.. But HGEN might well just go down anyway. -ve: The SP rapidly dropped 9% from the recent IPO price; that makes offerings in the immediate future trickier/infeasible. Still, they got 20m cash for their pipeline.
Today's ToryGraff pumped JLEN.L! Aarg! Now I'll have to sell. After a 20+% cap-gain run-up and a couple years juicy divs, I wanted to hold this until I croak. But the curse of the Questor cannot be escaped: "Buy hi sell lo, always be the last to know".