Member Info for kernowlad

I think the worry is (at least with me) that it will fail and fall away into almost nothing.
Where is the revenue coming from to support its activities?
Why the silence on AZ when everyone must be assuming the deal is dead?
etc etc
so take what you can when you can

This is very unpleasant to watch. Nothing from the company to even attempt to turn it around. Mind you statements don't always do any good as the CEO of Angle just proved managing to knock off all the gains from being FDA approved and then some by saying there is no short term income and he doesn't want short-term investors. Down from 158 to about 103. Even more ouch.

Gerald Ratner comes to mind

The UK has a double taxation agreement with Mexico but I have no idea how we would go about reclaiming this 10%

Here is the explanation as to why now and not previous
The corporate income tax reform introduced in Mexico in 2014 created a withholding tax obligation of 10% relating to the payment of dividends, including to foreign nationals. Historically the Company has been making dividend payments out of retained earnings generated before the tax reform came into force and no withholding tax has therefore been applicable. Dividend payments relating to 2021 onwards will attract the withholding obligation. However, foreign shareholders may be able to recover such tax depending on their tax residence and the existance of double taxation agreements.

19.179p x 90% = 17.26p which is what I have been paid today so yes 10% removed.

Hi Shatter
Wonder what else we are both in?
This is not advice and I may be completely wrong but my interpretation after talking to a few people is that this is a return of capital i.e. they are giving back what we gave them; so there is no capital gain or loss; that will come when the shares are eventually sold. Others may disagree but that is the way I am going to treat it unless something more definitive is published and from what you say we aren't going to get that from Halifax.

Hi Shatter
Mine are also all over the place with a differential of £4.79 ps by my calculations and £6.25 by them.
I guess the only positive is if I sell Halifax will record a large capital loss which will help the tax position. It is further complicated by some of them being the legacy of Friends provident so there is an element of guesswork anyway.
Looking better than OXB atm!

December 2017 for me so patience rewarded - unlike some others I am in.
Well done everyone and now we can look forward to quite a big payday I hope.

I wish I had sold instead of buying. Will hang on and see what happens but I agree that if the AZ deal was ongoing they would have announced it by now.
Have a reasonable amount in Aviva but just did well in Angle today which announced FDA approval for its system - up 55% atm - and should climb higher as income rolls in. You win some and you lose some!

What has caused this latest fall? I cannot find any new information and now we are solidly below £5.
Shatter; I see you are in AV as well. At least that is doing ok.

From the RNS
Following its announcement on 16 May 2022 in relation to the proposed £3.75 billion return of capital by Aviva plc ("Aviva" or the "Company") by way of a B Share Scheme, the Company confirms that the redemption of the B Shares issued pursuant to the B Share Scheme will occur today. This is in addition to the £1 billion share buy-back which was completed on 31 March 2022.

It is expected that the holders of Ordinary Shares entitled to receive payments in respect of the proceeds from the redemption of the B Shares will receive such payment by 31 May 2022, and the holders of ADSs entitled to receive payments in respect of the proceeds from the redemption of the B Shares will receive such payment by 6 June 2022 in order to allow for the conversion from pounds sterling to US dollars by the Depositary.

Wow. Didn't expect this nearly 6% drop this morning even with the market the way it is. Tin (not silver) hats time!

I hope so. In answer to P no I am not paid to make things up. I first invested in OXB in July 2004 and have been a shareholder ever since adding here and there; sometimes at the wrong time so I now have an average of £7.24 which I hope helps explain my concern about this precipitous fall and the lack of communication from the company and my search for possible explanations.
GLALTH

I do read things and it is hard to see how this is a buy
Oxford, UK - 03 May 2022: Oxford Biomedica plc ("Oxford Biomedica" or "the Company") (LSE: OXB), was informed on 03 May 2022, that Dr. Jason Slingsby, Chief Business & Corporate Development Officer of the Group, exercised 8,712 LTIP (2018) options at nil cost on 27 April 2022, and sold all the resulting ordinary shares at 539.0p per share. Following this transaction Dr. Jason Slingsby continues to hold 120,476 options over ordinary shares.

Doesn't look temporary. Hard to see what will reverse this decline. Market has lost faith/patience with OXB according to the sp. The heady £15 days may be over for good so its about minimising losses now - after 20 years!

Depending on the cash burn but yes atm they would appear to be ok. I misread the figures but with limited income and the US company seemingly making losses how long will the current cash last.

It's never a good sign when senior staff quickly want to dump stock and the sp has reacted accordingly.
I don't think I will average down as it has the feeling of throwing good money after bad.
Could OXB actually go under with its debt and losses without the vaccine?

Hi Shatter
We always knew communications were not the best (understatement) and cash burn an issue but I never thought we would see those days back. Agree with your diagnosis and am wondering whether i should lower my average or whether that is just pouring good money. If you buy back in let me know as your judgement seems sounder than mine!
Cheers
K

I have been incommunicado for a while so this is a bit of a shock. If I can get back to even I am out which after all these years is very sad but I now have little faith in their ability to turn this around especially as they keep shareholders in the dark as much as they can legally get away with.
I emailed them about the AZ contract and didn't get an answer which is unforgivable really. Desperately disappointing.