£50m wouldn’t be 2p anyway, not that I’d take 2p. I’d vote against it. Removing a competitor also contravenes certain competition rulings so wouldn’t get takeover approval in principal.
Ahfam, sorry, I’d have to see if it’s still on the PC at the old Queens place but I used to put up a link from about 2009 where TM would’ve listened to offers of £40/50m at the time? We’re 10 years further on. Science have progressed, science has been advanced etc.
Aber’s £50m isn’t happening. Christ, people moan about knife crime as it is? If I got mugged off like that I’d be cutting throats! LOL
I thought you’d sold up so that you could move on and stop looking at the share price? You’ve clearly not moved on and you’ve clearly not stopped watching the share price like a hawk.
I’ve never known anyone cry so much over a measly £300?
There are people on here down tens or hundreds of thousands of pounds yet they have to witness you crying over game console money?
‘IMO, It isn't an issue if we licence it out but for takeovers. It would make it very messy.’
I suppose that shows how we all look at things differently? My view is the exact opposite; the US patent not being granted (yet?) for tyk2 is more of an issue for licensing the individual compound but not an issue in the event of a full takeover as they effectively have the master-patent in the latter situation.
'WTF is an ‘advisory boutique’? Sounds like some of Parker’s cronies....'
Boutique is the latest trend word used to justify why something is charged at a premium in my experience. A 'boutique B&B/hotel etc' is justification to charge an arm and a leg for a room with shabby chic furniture (read as knackered old tat from a second hand shop that no other bugger wanted).
The same thing has crept in to detailing which I am in to. 'Boutique wax'. Erm no, it might be good wax but it's just wax with an expensive price tag that smells rather nice...
Where has this notion that it’ll be impossible/ difficult to get a placing away come from? ASCO details on CHK1 and both TYK2’s being readied for human trials give plenty of scope to get a placing away. Yes, it’d be very dilutive but it’s not the impossible task some are painting it to be IMHO.
I’ll wager that there are some discussions going on with SRRA. You can’t continue to work in calibration with someone if they’re trying to stick it up your ar5e. If they do ‘renegotiate’ the milestones they shouldn’t be going for a negotiated settlement, they should accept less at this stage with the rest to be paid later and subject to interest as a minimum.
As I posted around lunch, 4 times our average daily volume in half a day’s trading.
Yes, the trades dropped off big time, only circa 2m shares traded the rest of the day.
Says that buyers are there but they are considered in their approach for me. Maybe coincidence and a few buyers with a good pot wanted in at the same time?
Newboy200, not a nice predicament to be in. On one hand, if you sell now you’ve got £30k each, not an earth shattering sum of money when all said and done but it’s a nice house deposit. If you’re looking at the fact this was once £4.04 a share then I can get why you would view it as potentially ‘life changing amount’ but in the unlikely event it ever gets back there you’ll be looking 10 years + in my opinion, although I don’t actually envisage it happening.
It may be worth you consulting an independent financial advisor?
I’d certainly be taking any dividends as cash though, not dividend reinvestment but that’s just me and shouldn’t be construed as financial advice.
I’m fortunate that my 27k holding has been acquired via SIP and Sharesave.
I opted not to go with this years Sharesave which was about 98p IIRC? I think there is a chance this coming years could be around 50p a share (it is discounted by 20% on the average of the 3 previous days closing price) and I can put up to £500 a month in for 3 or 5 years. If that price comes about it’s a nice recovery play in my eyes but as I say, being an employee makes my decision making process a lot easier. As you’ve said you’re new to this, £500 a month for 5 years on Sharesave would see me with an ‘option’ on 60000 shares. If at the end of that 5 year period they are worth less than the offer price, I’d take my £30k back as cash. If they’ve recovered nicely I’ve made a fair whack and many people in the past have done so. In the event the company folded my money is secured by the Financial Services Compensation Scheme as the funds are held (by Lloyd’s if memory serves me right?) in a seperate bank account.
Exactly my point Helx. I think, off the top of my head (can’t be arsed digging out the actual figures, that there was circa 5bn share @ 18p a year dividend and circa £2.5bn of debt. That’s £900m a year to offset debt before any efficiencies in OPEX, sales etc. So debt cleared in under 3 years.
The dividend now, on circa 5.8bn shares would then give £290m to offset a bigger debt pile of £3.3bn, so over 11 years!
I certainly wanted the poundshop Ronald Koeman lookalike gone. Just a terrible shame he’ll have a comfy retirement, unlike the thousands of investors, staff and employees who he has b*ggered up the potato-fritter with his awful decisions.
As stated earlier, those that employees him also need to go. Why bring in someone with 3 decades history with BP for him to then turn his back on E&P? Bizarre.
I’d have far preferred the dividend to have been suspended rather than cut. Clear the debt. Reinstate the dividend without SCRIP.
‘Iam A Connnt’ LMAO. Quality.
The problem is, a lot of the selection committee that brought that plonker in originally are still there. They’ve c*cked it up already and given someone a reward structure that’s totally at odds with the interests of the business and it’s shareholders, what makes anyone think the same panel will make the right choice this time?
For me, they all need to take some responsibility and go as well.
Fruitster, when the dividend was cut previously a few years back it was on the proviso of it being a progressive dividend then...look how that turned out.
It’s a big ask for a progressive dividend when you have a SCRIP dividend policy compounding issues.