PureTech has US$330m in cash its stake in Karuna is worth US$294m if the FDA approve KarXT they receive another US$500m. So over US$1b in cash alone that’s £3.20 per share. Surely this company will get taken out some time soon
Most of the big tracker funds are ftse all-share trackers so will already own EJZ. So if they get promoted to the FTSE it isn’t such a big deal regarding buying volume as they already own a he stock
No the last placing was done in April 2022 & it raised £5.4m at a price of 1.2p. In May 2022 the company bought Laddersfree for £8.5m using the proceeds from the placing. The share price has been under 1.2p since