Member Info for Jose83

Given that Seaport Therapeutics exceeded its fundraising targets in a successful IPO, could they realistically participate in Celea financing? While it may seem unlikely, taking a stake in a high-potential Phase 3 candidate would resonate strongly with US investors and act as a meaningful catalyst for Seaport’s stock price.

I have the feeling that Robert Lyne will announce a share buyback programme following the Celea spin-off, without adhering to the original plan of waiting for the funding of both Celea and Gallop. The initial buyback programme in 2022 nearly doubled the share price within a few months and may represent the only way to boost the share price and deter a low‑ball hostile takeover bid.

Point 14: To authorize market purchase of own shares - 99.9%

Do you think the delay in completing the Celea financing was intentional, aimed at allowing time for a bidder to submit an offer? Robert Lyne may favour a takeover bid over an unfavourable financing arrangement, and given the current M&A landscape in biotechnology, a bid could be imminent. A large pharmaceutical player or private equity firm would likely be a more suitable partner for Seaport than a struggling company that is not listed on Nasdaq and is trading close to all-time lows in LSE.

I’m genuinely surprised by this valuation. The company holds $248.7 million in cash and an additional $295 million stake in Seaport (based on today’s price of $17.67), yet its current market capitalisation stands at just $407 million. This suggests the market is pricing in a failure of both Celea and Gallop, effectively discounting more than $130 million along with the royalty streams from Karuna and potentially from Seaport.

Is it possible they are only declaring bankruptcy in the US? Hertz did that in the past and the share price rebounded

Hi all,

I must be the only one still holding shares at Menzies. I missed the deadline and now the company has been delisted. Anybody knows what happens next? Agility is still buying my stocks (Sell-out rights)? Many thanks in advance and congratulations to all shareholders that made some profit with this company.