Member Info for russell1

Above average daily volume very early but enthusiasm seems to have disappeared.

Thanks.

When I look at the AVCT Share Trades on here it shows the last trade at 16:22:05 for 74.15. However, if I look at the AVCT share price graph it shows a trade at 16:30 for 73:51 (presumably a sell) and a trade at 16:35 for 76 (presumably a buy). Does anybody know the size of these trades?

Well he was using the law of averages over previous good news announcements!

I can't see that that today's news is anything less than superb although I'm shocked that the share price hasn't jumped dramatically.

I have a feeling we won't but I'll be extremely happy if I'm wrong!

Wyn. I often agree with some of the points you make but I also have observed that every time something arises that could be a positive you will always post a possible negative but if something arises that could be a negative you will rarely, if ever, post a positive alternative.

'So anyone who is overweight or god forbid this is their only stock is taking the most enormous risks.'

It's my only stock Wyn but I was aware from the time I first bought it (back in the LFT days) that it was a huge risk.

However, it consists of no more than 2% of my total savings and everything else is held in Cash ISAs with all rates higher than inflation (at least that's the official inflation rate which I don't believe!) so overall it's not a great risk.

If AVACT was taken over at £100 a share, I still would be nowhere near being a millionaire but there are no circumstances where I would buy any more shares as, for me, the risk is too great.

I have dabbled with shares previously (mostly in the tech boom) and a lot earlier and have yet to make anything other than losses. In fact, the first share I ever bought back in the late 70s went into receivership within a month of me buying! A toy company called Mettoy which had been tipped in a newspaper. At the same time as I first bought Avacta, I also bought 2 USA biotech companies and 1 of those has since gone into receivership while the other is much lower than when I bought. However, I sold both of those a long time ago at a loss. I'm not quite sure why I actual bought the 3 biotech companies initially as I've always been convinced the only way I could increase my savings would be to put them into areas where I couldn't lose but at the time most biotechs were flying. As usual I put my money in at the wrong time!

I'd like more but if I have to wait 10 years for it I'd be dead so I wouldn't be able to enjoy spending it!

I'd be happy with £2 a share which would cover my losses but I can't afford to wait another 10 years on top of my current 6 years so I'd prefer £2 a share within the next year to £20 a share 10 years from now.

'We know they’re already in commercial discussions across first, second and third generation assets.'

Do we? I don't although I do know they have said they are which isn't necessarily the same thing. I don't think the market does either otherwise the price wouldn't now be heading for the 60s!

It's showing an estimated Study Completion date of June 2030. Does that mean it will be at least another 4 years before it will be able to go into production if the results are satisfactory?

An excellent biotech fund so I am definitely encouraged by it having an increased holding in Avacta.

Doing what it usually does on low volume. Starts the day moving up a bit into slightly positive territory and then moves down gradually until it ends the day in slightly negative territory. Can't see anything else happening until more news is released.

If it's Avacta it would be worth posting. Otherwise nobody's interested!

Not hear but here obviously!

At least one on hear said it as well!

Well seeming there are a few who weren't over-impressed as the price was 84p when it started and 81.5p when it finished!

I just hope the 'soon' is before I die!

So I assume this means the value of the loan is reduced by the value of the shares issued?