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Pretty much everything is down today; banks, pharma, gold, oil, even some lithium miners which had gained 40% in the last fortnight. Sar is the worst performer of mine today but only just. If Russia does invade expect far worse in the short term but just hold for the longer term if your nerves are up to it. Mine are.
Most sectors are well down today. Fears of the Fed raising rates, poor retail sales and sentiment in Asia aren't helping. Plus ongoing worries about Russia and Ukraine. AIM stocks are always volatile, so take a longer term view and hold if you believe in QBT. Just my opinion. But I'm holding.
You are in SAR and GGP for the same reason I am MattyBoy. You know both have massive potential. I'm well down on GGP but it's a gold mine. Literally, a big one. (Apologies as I'm a bit off topic here, but both will come very good at some point). Not ramping, just an opinion. I respect others may think differently. But just look at the facts and the science., do your research and decide.
Just to add my two-pen'orth - I've read a lot about the consolidation, but IMHO the share price at the time matters not one jot. The MC remains unchanged as a result, the bid/ask spread should be a lot lower, and it should be more attractive to institutional investors. There is so much more in the pipeline now than when I bought in 12 months ago that I'm waiting as long as it takes. Those who bought in at 8p or so - this is AIM. Its volatile, but there are big profits to be had for the brave and those who wait.
Seems to me this is the start of something big. Strange timing just after the investor meeting maybe, but the directors could have made more by selling earlier (and probably much more by selling later). The dilution is tiny and the tree will shake a bit, but this clears the way for partnership announcements that couldn't be made during the closed period. So a little pain if you wanted to sell (rofl), but much more gain if you hold. I'm in. (All IMHO)
You have an annual CGT allowance of £12,300 for FY21/22, so you would only pay tax on your capital gain above that amount. There's always a risk in doing a Bed and ISA that the sp goes up before you can buy back in the ISA and you'll lose out on the bid/ask spread too. I moved all my shares in SAR into an ISA a few weeks before they went up 200%. Boy am I glad I did.
The market hates delay so the sp drop doesn't surprise me in the slightest. What I think is really exciting is the BoD taking a slightly longer route of formulating a capsule for increased commercial value. If a worldwide patent is obtained for a pill to treat immune and yes, covid, the potential valuation is enormous. So I agree the potential valuation in a couple of years has just increased 2/3 fold. I also agree there are risks, but anyone who isn't prepared for that shouldn't be investing on AIM. Just my opinion of course.
I know my maths was never that good, but how is it possible to be '200% down'? If I bought shares at 5p and they are now completely worthless then that's a maximum fall in value of 100%. Only if I have to pay 5p a share to get rid of those shares could I be 200% down on my investment. Or am I missing something in my old age? Anyway, I'm here for a 10-bagger by 2023.
And I just discovered submarine patents don’t exist in the U of K, at least not as such with the 18month disclosure. Even so, I stand by my view that the BoD must have know they were onto something big by submitting the way way they did.
Mia culpa
Steadydanny - I knew nothing about so-called ‘submarine patents’ until after I read your post this evening and looked into them. I can’t believe (just my opinion) ours has anything to do with the malaria vaccine but OMG if it does!. But I get your logic and I like it. Whatever the case, SAR must have known they were onto to something pretty big to lodge a submarine application.
To anyone else as ignorant as me about submarine patents - go and read up about them, and when you’ve recovered your breath after realising the implications go and raid the piggy bank. I thought 10p a pop might do me nicely. No way.