Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Robinz - really not sure how you or anyone can conclude this. Agree claims/complaints will grow, but to what amount? Remember this is due to FCA rules tightening, where AMGO at the time for the most part should have been compliant.
`Richie - wouldn’t that be less because the SP is down and the prior days of selling 1%?
Completely agree with the belief this is a strategic move against the BOD and those who voted against him.
They made good profit and used it to write off entire product lines. That’s a huge failure in my eyes, reflecting poor past management decisions. While Covid brings huge opportunity It will take a while for investors to get over those decisions and that RNS.
Not impressed with that RNS - seems if Covid didn’t arise ODX would have fairies worse with the write off. Someone is making money but it’s not the shareholders. Not sure I can trust leadership here I to 2021!
Let’s separate fact from fiction here.
Facts:
JB is selling 1% per day, therefore predictable that the SP will swing daily
Insiders are buying, either as LTIs or straight buys
A bid to purchase near 20p was declined
FCA has issues with lenders ability to pay - Cost of this is expected to be north of 35M, and remains a risk
Cash in bank greatly offsets net debt, co claims it has more than adequate cash flow to manage.
A sale fell through and we are told presently there are no other buyers
The previously very successful CEO has returned
Price was formally a 52wk high of 184
Fiction
It will go up to 20 30 40 etc, who knows. This is a guess even for insiders
This will be down to 5p this week. Same.
JB will buy, this is speculating and worst case manipulation
There will be an RNS this week today (outside of the 1%) again speculation unless coming from an insider.
Have I missed anything?
Each to their own, I paid into ISA for 8 years now as well as maxing out injections my SIPP so feel I’ve already built up a substantial Value and operate differently, I keep 10% cash for opportunity, after which I divide between stable, growth and risk stocks. In the risk area I figure 4/5 will fail but the one that hits home will make up for it all. Until Covid my portfolio was tracking at 12-18% pa, for 2020 I’m Hovering around 38%. If amgo hits home it’ll be 50%+ assuming no other impacts. (Which surely will be). I’ve kept this in my ISA to avoid SIPP LTA, my stability is MOSTLY in my SIPP. Not yet knowledgeable / comfortable enough to deal in shorts
800K more shares sold then bought today, spread now thinner again after the 1% wasn’t before.
This is rinse and repeat, daily and weekly - I predict it will go lower before going up.
A MM and day traders dream!
These are the 3 most powerful things that I see in life.
3. Knowledge
2. Wealth as it can buy knowledge and the top
1. Craziness - as no one who’s knowable or wealthy wants to take on.
Now some people have all 3... I think that’s the case with AMGO. It could go ANYWHERE.