Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
ANOTHER HIDDEN GEM. LOOK!
So will the profit.
6-10 bagger
£38.4m a year, not bad for a £60m MCAP. P/E standard 10/1 should value the company at £384m on those figures.
Numbers look good here!
Due to delist.
This is bottom, only a matter of time until this rises.
Time for some action.
He is usually correct. Topped up today.
Seems undervalued to me.
The Board of RHM (AIM:RHM) announces that the Company's wholly owned subsidiary, RedHot Media International Limited ("RHI") sold 40,000,000 ordinary shares of RM 0.10 in PUC Founder (MSC) Berhad ("PUCF") at a price of RM 0.1313 per share on 24 June 2015 and 10,000,000 ordinary shares of RM 0.10 in PUCF at a price of RM 0.1300 on 25 June 2015, on Bursa Malaysia's ACE Market (the "PUCF Share Sales"). The total gross cash proceeds of the PUCF Share Sales for RHM are RM 6.55 million (approximately GBP 1.11 million*), with the net cash proceeds of the PUCF Share Sales being RM 6.53 million (approximately GBP 1.11 million*). The Company intends to use the net proceeds from the PUCF Share Sales to implement its Investing Policy (as defined in the Company's circular published on 14 April 2015) and for general working capital purposes. Following the PUCF Share Sales, RHI holds 443,168,402 ordinary shares in PUCF, which represents 41.58% of PUCF's issued share capital, and 36,215,840 warrants to subscribe for new PUCF shares.
At that sale price the company still owns £13m worth of shares in the other company. The MCAP is just £4.2m!!!
The total gross cash proceeds of the PUCF Share Sales for RHM are RM 6.55 million (approximately GBP 1.11 million*), with the net cash proceeds of the PUCF Share Sales being RM 6.53 million (approximately GBP 1.11 million*). The Company intends to use the net proceeds from the PUCF Share Sales to implement its Investing Policy (as defined in the Company's circular published on 14 April 2015) and for general working capital purposes. Following the PUCF Share Sales, RHI holds 443,168,402 ordinary shares in PUCF, which represents 41.58% of PUCF's issued share capital, and 36,215,840 warrants to subscribe for new PUCF shares.
£1.1m in cash, look at the MCAP, £4.22m.
BOOOOOM!
WOW GREAT RNS! 25% of MCAP in cash from share sale.
May be planning a re entry of the deep targets.
Is about 100m barrels to EVO. So 3 to 15 million recoverable or £30m-£150m in profit. Long term of course.
CHEAP AS CHIPS
a glitch