Read one of their reports to their investors. Lots of apologies for dry bread and water and promises of jam tomorrow and how their bets on the likes of Disney and Rolls Royce will surely pay off in 10 years time.
There are only 2 things stopping this price from correcting to it's true value.
1. Lots of retail investors bought at inflated price and got spiked. They don't want to admit this to themselves and take the hit and so are trapped. 2. There was a placing at 120p, which the failing fund managers Conifer bought in at. This is incorrectly taken as a bottom as it was based on the aforementioned inflated share price.
Avacta has promised so much and delivered nothing. Time to get real.
Just ****ed off at being invested here due to the broken promises from the company and having to bear witness to the cult members here desperately trying to reassure each other that the kool aid in Jonestown 2 will be great.
Just need to understand that a lot of speculative money left the main index and was used to pump some of the small pharma cos and now that normal service is close to being resumed the little pharmas have been dumped as capital has returned to the main markets.
Funny how all the attacks get personal rather than addressing the points made. If you really want a laugh go and read one of Conifers reports to their investors trying to justify their woeful performance over the last couple of years.
Moderna have had a lot of problems with drug development. They have had to completely revamp their strategy switching to vaccines and away from therapies
Nope, been in it since 2017 and bought a lot in lockdown when there was a firesale thanks to Mr Woodford. Also sold out here at 180 and bought back at 105
So what do you think about a cancer therapy flogging the dead horse that is targeted chemo when MRNA vaccines and other revolutionary therapies make chemo and maybe even cancer a thing of the past?