We would love to hear your thoughts about our site and services, please take our survey here.
davey ,
I took the opportunity to sell 10k in the past few days not wanting to risk everything on the trial results. Still hoiding in excess of 30k and will be looking to add as well as soon as the dust settles.
The really big news for Fruq is around Feb on gastric cancer . That is the real biggie.
We obviously have the massive azn news due as well anytime so this is just an annoying setback.
The share price has not really given up much more than the recent spike so the market is taking the news pretty well so far.
You certainly couldn't accuse HCM of being a leaky ship !!
You did well to get 4950...I couldn't even get 1000 shares since this am. I'd imagine we are very close to that big news on fruquinitinib phase 3 for the real big indication. In the past Hogg has been very confident on the results of this data.So fingers crossed, davey!!
Have bought another 1k today .Will be adding a load more in the next week.
There's a lot of news expected between now and xmas inc. falluca, epidemiological study,pfs data on savo /tagrisso le alone all the conferences in the next week or so.
I'm not totally sure of all the warrants and options which may be in existence other than warrants which can be exercised by Feb 2020 at 35p which will bring in approximately 63 million to the company. Hopefullly posters like Zengas and Robberyrob could fill in those details.
Should add , that's $ 85million at group level on completion of the deal .
I think the debt should around 85 million once the deal has been done.
robberyrob, simple question.....what do you think the market cap of an oil/gas company will be based on 130mill Ebitda based on other valuations forgetting everything else?
Absolutely correct, robberyrob . Every sell is a buy and vice versa. To suggest anything else is just plain wrong.
What is important is that the more volume done at higher levels such as these , compared to the 25-27 range , the more it feels like any big sellers are being exhausted.
35p will clearly be a huge level since this where the huge placing occurred. I would hope newsflow and house marketmaker /placing dynamics will ensure that we will be well above 35p to ensure that the warrants are exercised and the company receives the 60 million.
The 7E acquisition looks odds on to complete even if the final approval timetable slips into Q1 2019. That should be the real catalyst rather than the Niger drills which were all low risk. I'm sure the market will be much more receptive to the well test in December which should be a good kicker to keep us well beyond 35p . Here's hoping !
piljoe1212 ,
Thanks very much for that. For all the posts on savp in the past year , that was the only relevant or important one. If I had known that I'd not be be down 50k on my position.
Quite honestly, in future, I'll probably not touch a share where bondholders receive equity .It totally kills off the equity story if they are already in profit.
Lesson learned.
If the 7E deal goes thru , I'd imagine , the overhang will be cleared in short order .This does not remind of afren in that aspect as afren was a total con job.
For a bit more colour on Hive...
Consultancy Services - Hive Group
The Health Hive Group is a leading independent healthcare strategic consulting and communications business whose philosophy is to improve patient outcomes by creating change in healthcare communications.
About: The world of healthcare and communication is in constant flux and The Hive Group was founded to harness this evolution. The Group provides shared operations and talent vital to drive the growth of our companies and their clients. Hive operate globally for the majority of clients, but are currently centered out of London with 80 passionate health folk.
The Hive group has 3 operating companies:
Hive is a patient centric communication agency. Hive uses its understanding of patients and HCPs to influence and improve medicine engagement and experience.
ebee is a digital business with an emphasis on user behaviour. ebee uses a proprietary database to determine the digital behaviour profiles of the prescriber audience and respond to those behaviours with relevant digital interactions.
Pollen is a medical communications consultancy. Pollen develops scientific communication narratives that inform, motivate and empower target audiences to change what they think and what they do.
Healthcare part of strategic division ....why ?
35p to 24p I mean!!
pijoe1212 ,
Thanks for posting that but that doesn't tell us what the terms of the deal ie. at what cost price were the bondholders in for on the savp restructuring .That's the crux here . I'm imagining it was at a good profit otherwise they would be unlikely to dump the share from 25p to 24p or use hedging instruments to do so.
Its easy to pull out excerpts from a document without having clue at what it means to the bondholders intentions thereafter. That requires some real research which no one on here did or had a clue about.
The holding rns's to date indicate it wasn't any major shareholder so it has to be bondholder's imo .
I don;t buy the theory about worries over 7E closing otherwise we'd have seen major shareholders reducing .
Well , I don't often positions wrong but I have here . Holding 700k at 34p so not good and clearly a poor position.
The obvious lesson in future is to work out what the bondholders/convertible bond holders ( post equity raise restructuring) position might be. I think it may have been hard to do that based on the rns's but surely it was possible by digging into the 7E holders.
Too many posts for the past year have focussed on what savp have and the stunning assets but no one and I mean no one, has spent time on the bondholders costs or intentions with any foresight or research. That's been expensive for us all .35p tp 25p is some fall !! Anyway, lesson for the future perhaps.
I was waiting for a climatic bottom with volume before adding and I hope we might have had that on Friday. I'm not convinced the volume was enough to signify that but have added another 2 tranches of 37k at 25.20 a few mins ago.
The 7E completion is obviously a huge event .If that's done the volumes will be massive over 4/5 days and I assume will clear out the big sellers and then hopefully service will be resumed with normal buy/sell parameters applying.