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Now holding 30,000 shares here. Gobsmacked that the price fell back after yesterday's super news. Should see it going up again IMO.
Anything less than 40p/50p is a bargain.
DYOR
I hope the SP drops back below 25p so that I can load up again.
Sometimes it takes several days for the news to digest before the serious re-rate commences.
Also very importantly, no more authority left to place shares as per today's RNS: "The subscription was oversubscribed and the company has chosen to use the full remaining authorities to satisfy investor demand."
Really interested to see what is cooking here as this could go on a serious run.
DYOR
The freefloat is so tiny (less than 60m shares) that it creates the perfect storm IMO for a multibagger when news like today is released. He1 10 bagged in 3 days...REDX should at least 3 bag IMO once news gets out.
DYOR
HE1 should go to 1.5p placing price, REDX has barely got started it's re-rate journey.
Just added 10,000 more shares at 30p. Thank you sellers.
40p and 50p falling soon??? MM's in a pickle, hope pi's make money!!
DYOR
Jazz is a huge partner to get into bed with....$7.5 Billion Dollars market cap : https://www.google.com/search?client=firefox-b-d&q=jazz+pharmaceuticals+stock
MM's do not have much shares available, let them pay 40p-50p, I would not sell below 40p
why help MM's.
DYOR
57p was 52 week high, looks like we are heading there IMO.
Finally managed to get a top up at 28p.
DYOR
The free float is less than 60m shares, could see a 100% to 200% rise as I have been saying all morning.
DYOR
Only 60m shares free float, MM's are trying to hold the price down to collect cheap shares and balance their books before they let the price go. Expecting to see 30p hit shortly and then 40p and 50p as the day goes IMO.
Trying to free up funds from other dud shares to load up here before it flies.
DYOR
25% up now, could see a 100% to 200% rise here today as the market wakes up to today's news.
I wonder if Jazz will buy out REDX, it could easily offer $880m in one go and pick up REDX at say 200p a share.
DYOR
The SP almost always hits the placing price so I would not be surprised to see 1.5p this week IMO.
REDX Pharma has just released a massive RNS this morning, SP almost at rock bottom there 23p (almost 52 week low) , expecting the SP to double or treble there once news gets out.
DYOR
Current REDX market cap just over $110m, up to $880m deal with a $7.5 Billion Dollar US giant pharma, free float only 15% (less than 60m shares), 40p looks like a conservative target IMO. I would expect at least 50p IMO on today's news.
DYOR
Freefloat only 15% for public.
85% not in public hands and held by significant shareholders- could be a wild rise here today once news gets out: https://www.redxpharma.com/investor-centre/aim-rule-26/
DYOR
Jazz Pharmaceuticals is a $7.5 Billion Dollar Company-wow.....https://www.google.com/search?client=firefox-b-d&q=jazz+pharmaceuticals+stock
Huge RNS at REDX today, market not yet taken stock of the enormity of today's news.