Member Info for RuckRover

C7,
Well the last useable version of Windows was Windows 7, anything after is either unstable or unnecessary. I’ll stick with 7 thank you.

Crumbs,
I’d say 14.6p is easily “achievable”, personally I was hoping for a bit more!

I thought the latest Trinity Delta report was far more interesting than the AGM - speaking personally of course!

A number have commented on TD having increaded their forecast from 13p to 17.7 but having looked at the small print, this is not quite true.

Taking account of the outstanding loan notes, the forecast is 14.6p (fully diluted). This figure itself includes 5p per share for the £40M cash and 3.79p per share for Covidity. So that leaves about 7.6p for SCIB1,2 and MODI1 as used in previous forecasts. I think the original TD forecast for these a couple of years ago was 22p.

Don't forget that TD themselves describe their figures as "conservative". I would describe them as "pessimistic".

Almas,
Best first post I’ve read - straight in there, no pussyfooting around!
Welcome to the board.

Let’s hope he’s laughing all the way to the bank.
Did you catch up on the Ugur Sahin interview on Andrew Marr. Worth a watch imo.

Evening C7 et al,
Yes, I always try to have a matin giggle and another apres-midi.
It made me laugh anyway!

OK Brian.

Morning TF,
Short forms of Nicknames are quite acceptable lol!
Ruck.

Krafty,
I take your points. Redmile have certainly removed one of the risks - the risk of not being able to raise funds. Not only have we got enough to see us through a couple of years trials, I think Redmile are now so committed that more funds would be forthcoming if necessary. I think your 1000% is possible, so from here £1.20 in the next couple of years - I'd take that.

GF,
"just because you disagree with Krafty it also doesn’t make you right"
Woah, this is getting a bit deep now. I disagree with everyone so that must make me wrong lol!
Just a point of order - I think it is proper etiquette to address people by their posting name rather than their real initials.

GF,
" No more than supporting Sclp over many years and buying in consistently"
Yep, same here.

Nice to see a bit of blue though.
I suppose having the AGM presentation in advance of the AGM had taken away some of the anticipation don’t you think.
Still time to get those questions in.

Morning all,
Yes, I enjoyed your post krafts, well said.
Perhaps we should be cautious of those accusing others of “agendas” - maybe they have their own?
Just a thought.

MrPos,
“ Makes no difference what is RedMile average cost.”
I’m sure it does to Redmile, perhaps not to you and I so much.

“ I personally believe sclp IP is worth more than current SP. ”
So do I! Something we can agree on at least.
I’ve only attempted to value SCIB1/2 and MODI1 so far but the presentation named a few more targets for modi2/3 so I might add those to my model.
ATB.

Ivy,
Well having bought a load in the OO at 13p I hope you are right!

GF,
I’m not trying to dictate what people think, that is completely up to them.
But let’s consider the facts. Redmile have 29.97% of Scancell right now. This will rise to 40% on conversion of the loan notes. Their total investment works out to 10.6p per share.

So quoting 13p incessantly in my book is misleading. The SP may well settle at anything between 9p and 17p in which case the Redmile price is irrelevant.

For the record, I did not vote for or against the RM cln. I did not feel we had been given anywhere near enough information to be able to decide one way or the other.

Just to reiterate, I respect everyone’s right to express an opinion. Apologies if i came across a bit harsh.

Misterpositive,
Could you please stop perpetuating the myth of Redmile and a 13p floor.
Redmile invested a lot of money at 5.5p and CLNs at 6.2p. Subsequently they mugged shareholders for a massive stake at 13p. Their average buy price works out at 10.6p.
For those that feel these numbers mean anything, I’m happy that you quote 10.6 as some sort of support level.

Compound,
“Iis fighting for these at 13p” is just not true. There has only been one II investing recently at 13p - Redmile. There were a token 10% offered to existing shareholders which many took up (including Vulpes). The excess applied for was scaled back proportionately - no “fighting was involved”
Redmile managed to become the largest shareholder NOT for 13p but at an average of 10.6p

Maybe she was thinking “what on earth am I going to spend £50m on?”