Member Info for RichTheNewbie

Looking like this is following the rising trend channel nicely:
https://www.tradingview.com/x/1HOdIhxO/

Bouncing strongly off the bottom of the channel, and just getting the pull-backs at the top of the channel, whilst itching to break out again (and imo the chances of that will only rise the closer we get to news - or with good news it could be far bigger than before).

All the major holders have only increased their stakes. You're making zero sense as usual.
Still.......that's one more excellent piece of news to add to the rest....that you're out and leaving us to it!

Two of them actually (one late reported).

Another delayed buy snuck through after close.
Doesn't take much to get this going with the low free float.

The massive paired trades were probably some sort of transfer/rollover.
The tick down was probably unrelated and purely due to a single sell at 15:22.

Held the gains well and buying started to trickle back in when it back evident there was nobody selling in the afternoon.

Synairgen (SNG): Corp Phase 2-ready asset Pharmaxis’s announcement that it has completed the 13-week toxicity studies for its two LOXL2 inhibitors, in which Synairgen has a c.17% carried financial interest, is a key milestone. These data complete the overall Phase I data package enabling Pharmaxis to conduct a final series of scientific briefings with potential partners before licensing. Given the significant interest in NASH from large pharma and the sizable licensing deals (both upfront and long-term ‘bio-dollars’) that have historically completed in this field, the probability of Synairgen receiving a material upfront payment has substantially increased.

Your spread bet provider SHOULD just pay you the equivalent of the dividend proportional to your position.
It therefore leaves you in basically the same position as any holder of shares pretty much.
You should email them and check though to ensure you're not going to be left out of pocket.

You're saying this as if it's a hard and fast rule, but it's not, is it?
If you can point me to any reference to back up what you're saying I'm willing to learn......but I'm assuming there's not.

How can you possibly say that?

If it stays around this price until the dividend date, where someone instructs their broker at 7am to buy all available stock at 22p and under, up to a maximum of £5m worth. You think it will still open at 16/17p?

IreneKrapp - Read the post again then if you don't understand it. Of course I think the price will most likely fall.

"minus 15p" rather than "plus 15p"!
(that should have said obviously!)

If I was a newcomer who's just bought I'd be watching like a hawk on 18th/19th (depending on how the cutoff works).

If, for some reason, it didn't drop, you could sell and lock in a tidy profit from the dividend, with no material gain/loss on the shares you just bought.

If it does, as it presumably will, then at every price above your purchase price plus 15p, you're in profit. So someone who's bought at 32p today would be able to sell at a profit at anything above 17p (ignoring dealing costs etc).

Therefore the big question is what people think the price will settle at after the 18th/19th.

And then a drop would likely have happened so it would more be a case of whether you want to hold for the price after the drop (assuming it comes) plus 15p on top you'll have got.

They'd need to sell after the 18th/19th of January rather than now inrhubarb.....

I was surprised at that jed.

Read the RNS expecting it to say some date last month and re-read it to make sure I wasn't going mad!

Some people like these capital redistributions but personally I prefer companies to buy back their own shares rather than money just exiting the company in one go. Both should make the share price rise but giving the cash back in one lump creates a cliff edge date where the company is suddenly going to be worth a lot less the day they give all the cash back to shareholders and disappears off their balance sheet.

Indeed jed - I haven't held this for years but I saw the RNS this morning and considered doing exactly that (buying up to 32p expecting selling to increase above 35p and trying to pick the top).

Knew your last post with a tiny fraction of optimism was too good to be true.....

Are you going to carry on 2019 doing a masterful impression of a cross between Private Frazer from Dad's Army and Eeyore from Winnie the Pooh? :p

Heh....funnily enough whilst replying to your message......I've just noticed what I described in my earlier post at 13:03 has now happened.
A matching trade has shown up for that big trade earlier and therefore I assume it's another rollover or on-market transfer of some kind.

No worries. Although I wouldn't go as far as insight at the moment. Just feeble guesswork.
Only real insight would be trying to read too much into trade feeds tends to be a bad idea ;)