Member Info for RichTheNewbie

God that was awful typing, should have been "down to 7%, and "could be almost finished".

Well I consider it good news. It's part of why I bought in.
Link Fund are finally out of the picture after a very long time.
Acacia were down to 12% of the company at some point yesterday.
If they've continued selling they could be down 7% of the company today.
They could almost finished by tomorrow if the volume is like it was today.
And this is assuming they want to sell more of every stock......whereas in fact they might have only wanted to trim down positions in everything to a certain size/value.
So pretty quickly, this will be back to trading normally, without being overshadowed by Woodford for the first time in years.

Dave: SNG are the issuer and it's a UK listed share. Therefore, and I could be wrong, but I'd expect them to have to notify regularly. Having said that I've seen companies completely ignore that :p

will = with

I've just had a look round at all the other RNSs just released. Lots from Acacia. Looks like they've been dumping everything.
They must have got a bargain price.
At the current rate they'll be finished very soon (remember the RNSs are delayed and the 12.56% was yesterday) and then this can start to take off. They would probably account for the vast majority of sales today (PI selling would have dwindled by now). So will 11m traded today they could easily have flogged 5million worth into the market and be left with 7%.

Yeah. It's not very clear. They've done the same on DDDD pharma too.

If they were invested in both, they might have hoped to work by selling on market, therefore reduce the price, and buy them themselves from Link at a cheaper price, that they helped bring about.

However I think it's a lot more likely Lansdowne have just been taking profit in stocks that have risen before holding the rest. That's just sensible management. No holdings RNS from them for a while.

Yeah, Woodford called his fund patient capital....
Ironically the capital that invested in it wasn't patient and totally f*cked the fund, because they couldn't wait for any of the investments to mature, started pulling out all their money, and effectively caused a run on the banks (or fund in this instance)!

Yeah it's a good thing.
Either they've sold them all on market (which means loads of selling pressure is gone).
Or a specialist biotech investment firm has chosen to acquire them and others.
Whichever way you cut it. It's good news.
If Lansdowne/Licht aren't reducing (and Landsdowne are quite prompt in their reporting) then there's no major selling pressure anymore. So as confidence grows (and PIs or anyone else) start to increase their buying there's more chance of rises than there has been for months.

So you should see an RNS from Acacia at some point soon in theory.

No, it's not a coincidence, Link fund have clearly disposed of all the shares (as they've been trying to do for all their stocks). It's possible (but unlikely) they sold on market. Most likely is they've all been bought by Acacia:

https://www.cityam.com/acacia-snaps-up-woodford-biotech-stakes-in-224m-deal/

bestoption00 - You want to hear from someone who's actually made money in this stock? Well OK then.......hi.......since I was once of the very few people in this stock before any of the big rises (all there in the post history of this board).

There is plenty of potential at this price. Personally I was/am skeptical of the success on COVID, especially at late stage, as I think there's more chance it'll work as a preventative/protective measure (prophyactic), or for early stage cases, to help stop it progressing. However I think there's even more chance it will work for COPD that they were originally targetting.

Hence I've bought back in for a batch earlier this morning, as there's now multiple routes to success (not just COPD), they're more cashed up than when I last held (due to the previous placement), and the Link fund shares having been taken by someone is another bonus.

Anyone saying this is definitely going up or definitely going down from here is an idiot. You pays your money you takes your chances. My money is on up (fairly obviously as I've bought some back). There's no need to keep saying it's definitely going down to try to scare people into selling so you can buy cheaper.....that's destitute's job ;)

Re-taken a position here for old times sake. More for the potential success in COPD (that I originally invested for) than COVID to be honest. Both would be nice though ;)

This pullback/consolidation over past day or two was inevitable at some point as some people cash in or go searching for other opportunities after good rises. People think the rises are over, if it pauses for a while, and sell out. I know myself I've sold out too early on many a stock (especially in recent times).

What helps me hold my nerve here (and consider increasing my position here again) is I keep looking around for better opportunities and finding nothing that looks anywhere near as safe and with as high potential in the short/medium term (this could easily double and still be well undervalued on a medium term view).

Often, if a stock jumps between two points (up or down), without trading in between, leaving a gap on the chart, it goes back to fill that with trading at a later date. That's the basic principle.

Of course, like an awful lot of "technical analysis" or as I prefer to describe it "drawing lines on charts to try show trends/patterns in trading in a business which has fundamentally changed, or whose market has fundamentally changed, therefore invalidating older data as a credible reflection of demand/supply in relation to current situation", it's basically got no credible logic behind it ;)

Then again....that's not to say technical analysis or mantra like gap fills don't work or won't be right. The increasing amount of people substituting technical analysis (which requires no real knowledge or particular skill imo) for fundamentals based investing (or a combination of the two) means that it is bound to have a self-fulfilling impact on the trading of any stock.

Good update, and even without this RNS, this should have been on the up today anyway, with wider markets recovering from their hissy fit yesterday.

Or even better, bounce back up off 6350, which it's trying to do at the moment.

Interestingly the yank markets are holding up quite well whilst the FTSE does its conkers.
Reckon we might just be waiting for the FTSE to hit somewhere near 6200 before it decides it's time to be in rising mode again.
Sometimes the charty nonsense comes into play when the real world opinions on the future are a mixed bag.

Errr yeah they were repaid a month ago......
https://investegate.co.uk/intnl-personal-fin--ipf-/rns/repayment-of-debt/202005120700025577M/

notaflipper: The way things are at the moment it's a lottery with the way markets will react. They'll ignore all the prospective economic woes but then react massively to a tiny bit of short-term data. Then forget about it two days later and go on a run upwards.

The bond information is here: https://www.ipfin.co.uk/en/investors/debt-funding-information.html

The prospectus for the new bond has been out for a while - https://www.ipfin.co.uk/content/dam/ipf/corporate/investors/debt-funding-information/IPF%20EMTN%202020%20Prospectus.pdf