Mysterious drop17 Jul 2018 17:30
Given what we presently know about the company I'm somewhat perplexed with regard to today's drop in the SP to an ATL.
They are now making actual profit from their research business, their NAV continues to increase above and beyond the macp, they have zero debt.
Finncap, one of the more respected houses, are now their broker, whom they apparently claim are going to help with IPOs of some of their projects as opposed to an overall placing. Lucyd, with it's 'next big thing' potential of patented AR glasses (tbf they do look amazing), launches in just a couple of weeks. Their 'Neosnax' miracle salt is supposedly teaming up with a world leading snack brand, and Belluscura have a good near term pipeline, and their other projects are all stringently selected disruptive tech.
What I like most though is their overall model. They essentially have first dibs on low cost, high potential IPs as soon as they become 'available' from the world's leading Universities.
LTH for me but still disappointed to see it down here. Some PIs whose opinions I respect are blaming a seller all the way down from 35p and I'm inclined to agree with them. Once the round sells disappear it could recover very quickly, and if it drops any lower I'll be obliged to average down!
GLA.