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Sp well up on day’s lows. If it was panic selling, people are easily panicked. There may also have been margin calls, I suppose.
Polx is one of my two largest holdings. I haven’t sold any and I don’t intend to. Patience will be rewarded in due course, I’m sure.
This is an extraordinary implosion of the sp by any standards. The board need to issue a statement of some kind - eg that they know of no reason for the volatility.
Extraordinary too is that last time I looked there were no shorts.
Apparently not. I wonder what’s driving this persistent selling. Not panic. I’m not normally paranoid. But a sense that someone who wants a takeover on the cheap is pushing the sp down.
If so, does any II hold a big enough percentage of the shares to force a dirty deal through?
I agree with Sundezena. Mr Market very often overreacts at first, whether up or down, but comes back into balance sonner or later.
The trusted person is certainly taking his/her time!
Yes, but there’s no excuse for rudeness. Quite gratuitous. I’ve long noticed that anonymity on the internet encourages people to use the sort of rude and dismissive language that they wouldn’t dream of using in person. The move to require people to drop pseudonyms is welcome and overdue, imo.
‘My friend thinks she may be pregnant’
Hoping is the right term. I have zero inside knowledge or informed insight. I hold Jim for the dividend and the potential IHT benefits - and because until the inquiry it had seemed a very well run company. Also, rising interest rates should boost profits.
Smacks of insider knowledge of the outcome of the inquiry. Expect an RNS soon, and a further jump in sp. If so, I’m glad as it’s one of my main holdings.
Mr Market is usually right in the longer term. But in the short term he can be seriously bonkers - as we are seeing right now. Steady the Buffs!
Agree. The week between Christmas and New Year is a sort of phony war. We should know around the middle of next week where the sp is headed. Up, I very much hope.
Sadly, an opportunistic takeover bid seems all too likely. The consolation will be a bid above £1
Let’s hope so. Currently it’s an extreme example of ‘sell on news’ - even though the news is really excellent and promising for the future. My assumption is that it’s largely profit taking and very short term.
A lot of profit taking going on. If you are an investor, rather than a trader, I would suggest relax and ignore the noise. Polx has a great future and patience will be rewarded.
Not medical, though I do have WWH. I hold Jarvis for income and a Symvan SEIS for the tax benefits. I also hold BHP, Woodside and Alumasc for income. But I have increasingly been moving into AIM shares for the IHT benefits (I’m 80 and no one lives forever).
Whatever one’s view of the prospects, panic selling is the very worst policy.
Polx is one of my top 3 holdings, and I haven’t sold any - and don’t intend to
You need a UK broker who deal in Aussie shares. We use Charles Stanley.
The Aussie sp is 1.885 and rising. They pay a dividend too.
Not sure about the accuracy of the trades shown. I bought £5000 worth at lunchtime which are not shown at all and exceed the alleged entire volume of buys for the day!
The further delay is annoying. But there’s no reason to be downhearted, in my view. For me, we’re on the last lap to approval, with the remaining obstacles narrowed down to one narrow issue - eminently resolvable. If I weren’t so considerably overweight in Polx I would regard this setback as a buying opportunity.
I think we’re seeing profit taking this morning. I certainly hope that’s what it is, as I have bought more at 112p.
This is a fundamentally sound business. It has got to be a good long term investment.