Member Info for RichTheNewbie

If you feel that way you should sell dealer55.

Personally I feel exactly the opposite way, and I've not come across many companies who are more prudently run, dilute extremely rarely, and are very straight to the point and professionally run. Was one of the big reasons I invested a year or two ago. I think the placing was at a very good price considering their trading of the previous years.

Nolupus: Link didn't want to be continually selling down shares into the market. They would have tanked the respective stocks and never got fair value for them. That's why they (and people on their behalf like PJT) had been trying to find takers for the big blocks or as a bundle.
So they've not got the return they might have by holding the shares long term but that's not their remit. They fulfilled their remit in the end to get them all sold. The big rises in biotech stocks will have helped them conclude this massively.

Acacia have a recently funding deal for $400m with Starbord Value LP and it's not about them not having cash and probably more to do with having some liquid cash.

Good point Miggy.
They may well have already raised the cash they needed to from the sales and are holding the rest (hence notifying in bulk yesterday on every share).

I doubt shorters are having any real impact here (or most places). It's simply a volatile time.
Stocks can lose 20% in a matter of hours or days and then quickly recover that and more. On 9th June afternoon it was down to 63p and hit 75p a few hours later of trading the next day.
Even giants like Barclays have lost over 10% in the past two days for example. There's lots of trading out and back in again.

-a

dealer55 - you're making yourself look a pretty silly. Trials usually take miles longer than this to complete. The fact they're getting things done anything like this quick during a pandemic is a testament to everyone involved. Saying it's not good enough is just plain laughable.

I think the most likely thing that'll happen is, without warning, the price will suddenly push through 37 or 38p (because Acacia are finished selling - whether because they've run out or are down to a stake size they wish to hold). You'll then get a holdings RNS saying they're down to a certain amount or out.
Traders will then jump in, seeing a rising price, and a large holder finished selling, and join in for the bounce.
Then you'll probably get the PIs who were despondent suddenly becoming enthusiastic again because the price is rising and pushing the price up even more.
Everyone says they want to buy low and sell high but in reality most people do the opposite and just react to the short-term price.

Yeah - most things have been battered in past 24h. Past hour has seen signs of recovery. Barclays (I like to use as a measure of things as it's not retail but tends to go with the market) is back from 116 up to 120 now.

I'm getting an itchy trigger finger too....but trying to time another long (or maybe even buy back some shares in the ISA).
I like to look at Barclays as a good bellweather and they're back up from 116 to 120 now after the main dip. I prefer looking at them because they tend to react to market wobbles quite directly but they're not a retail shop particularly directly impacted by COVID (much like here).

The transaction is quite complicated and they might have just wanted to free up some liquid cash. On top of that they may have (naughty) shorted the stocks they bought and filled those shorts with the shares they got.
Remember SNG raised £14m at 35p and that was in March when the number of COVID cases was about half a million (now around 8 million worldwide). If they actually want to offload any more it shouldn't be hard for them to find buyers.
Either way, they're either going to hold a chunk themselves, or they'll be gone pretty soon.

Please don't post that clickbait nonsense. It's just automated garbage designed to get gullible people to click it because it mentions their stock and automatically generates a page of waffle.

Happens every week or two. Gets slammed back to bottom of trend.
https://i.postimg.cc/pTk3TzhV/FTSE.png

Forgive me for not taking your expert advice. After all you said " i am still holding over 50000 but i won't sell this low" just 10 days ago when this was about 44p. ;)
Personally I prefer to buy after the big falls when all the doom-mongers are about, and doubly so when there's a big flipper who've been offloading their holding, what usually happens when a big block of selling pressure is removed? Yeah....the chances of a big rise increase massively. When that happens in tandem with upcoming potential news (and the market shifts from optimism to increase concern about virus).....even better.

Here come the doom-mongers trying to get everyone to sell at the lows. Regular as clockwork.

Starting to bounce back nicely. The times to sell are when things are riding high. The times to buy are when people panic and sell.

A prophylactic would be the correct term but the media misreport everything (sometimes unintentionally ;) ) but especially science/technology related things. So take any terminology they use with a pound of salt.

gkb47 - wouldn't it be nice if they had a drug that helped people fight off a variety of viruses to help with that problem ;)

At the end of the day it doesn't really matter. If they're going to sell everything they'll probably be done at some point very soon. That could easily be tomorrow (based on the numbers), or the next day, etc.
Either way this should be free to rise very soon without this shadow that's been hanging over for a very long time.

Nojjer41 - it's an automated garbage news site that's like running a newspaper back and forth through a chinese>english translation service back and forth 20 times ;)

ChrisToffer: All the RNS's after 4:49pm - most of them:
https://investegate.co.uk/Index.aspx?sector=AIM&date=20200610