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The "big buys at close" were a matched pair of non price forming transactions (TNCP) so were a rollover of a 15000 position for a broker fee of £210. Someone long with T+x position who wants to maintain it without closing or paying up yet. They are expecting not having to pay and settle from SP rise. All in IMO

That is an option for a small stake as part of a long term plan of a diverse portfolio. Other options are available.

Penicillin and its antibiotic derivates did transform the treatment of bacterial pneumonia, even though their wider and unnecessary overuse has reduced their usefulness. But they did nothing for viral pneumonia and many cancer patients depart that way rather than from primary disease.

A late friend of mine, Tom Brown , engineer and inventor of medical ultrasound once described viral pneumonia as “the old man’s friend” i.e., a quick exit from this world when ill, which is how he departed from a care home in 2019.

If this SG001 treatment can deal with viral pneumonia from COVID-19 and as a generic treatment for viral respiratory infection complications it might be as significant as the discovery of antibiotics for respiratory health. If it has prophylactic use as well, particularly with cancer patients with immune suppressive chemotherapy, the sky is the limit.

All those guys who put a dollar into Steve Job’s garage operation in SF ended up Apple millionaires.

Why would you not put a grand in here to see the story out?

@carsgeek. If you are looking at the trades shown on this website, they are all all nonsense. Only 7 shown out of 640 today. Useless. You have to download a Excel sheet from the London stock exchange to see the actual trades.

According to the London Stock Exchange. The 206 was immediately cancelled and amended to 204. Fat fingers it seems.

Icemanzig

I don't think Market Makers ever lose money, just like bookies never lose money. The only people who lose money are some investors. I think that is an undeniable fact?

Ninetails
There is income coming in, starting in this half of the year from Wressle production. Ok, its only 200 barrels a day, but even if you only ascribe a conservative $20 a barrel of profit, which seems reasonable at $17.50 , that's a million pounds a year going forward for a few years. All the current well cost liabilities are covered with cash in bank. Why would the company need to tap the market for cash ?

I don't agree. At 08.25 this morning it was 0.29 on the ask and 0.27 on the bid, so it looks like a trader departed and took the SP down with them. It recovered during the day so nothing lost.

What a difference a comma might make?

Does this bald issue extend to nether regions and should I stop having the full Brazilian?

It means the stock is highly volatile in the opposite direction of the general market. Direct result of a 500 % rise in SP . It's based on historic trading and tells nothing about future direction.

Tornadotony

Well said. So far, the cure has been worse than the disease. Huge folly.

Sorry missed the start of this thread, my bad....

AnthonyW

Reagent? Sorry this is not a test, it is a treatment.

"Fitch cuts Italy’s credit rating to one notch above junk" from the FT
https://www.ft.com/content/4f0cbd96-042a-43b6-919d-e8abf3cb1372

And posters think Italy gives a monkey's toss about an arbitrator's decision to give money, or not, to a whacked out useless company called RKH who knew the entry risk anyway?

Arbitrators seizing state assets? How will they get past the Carabinieri?

Never heard such tosh

Better to have a word with the Pope, at least he is an Argie.

"They're even censoring S****horpe now?? What a bunch of ****s."

It's tough for investors who live in ****fosters

I always believed that the end of the world as I knew it would come one day, but not in my lifetime. Exponential growth of everything in a finite world is a mathematical impossibility; it had to collapse spectacularly in some way. I never imagined that a fragment of primordial RNA enveloped in some Chinese bat fat would be the vector, but here we are.

I think we are only at the start, and nowhere near the end of this pandemic, and the poorest will suffer the most, as ever. I dread to think what will happen in the developing world. But the economic, political and social consequences will be as great as the collapse of the Roman Empire, unless some effective treatment is found and PDQ.

SNG001 is obviously a strong candidate and seems to be non-correlated to whatever infection or trigger causes the respiratory difficulty and so may deal with any future respiratory “disease X”. We must at least hope that it is part of the solution to the COVID-19 crisis and on that basis, it must be an investment on any moral argument.

Medical advances are often the result of serendipity and I see that happening here. Who would have thought that medical ultrasound was born from flaw examination of structural steel?

If God is kind, we will all come out of this. If He is not kind, we will all collectively deserve it.

The news was published in the Guardian at 16.30 on Friday, just as the market closed, and you are looking for more news?

"Something that I don't think's been mentioned is the increased volume and big buys near close of business last Friday... is it fair to assume a few people were in the know???"

Journalists have no integrity IMO. Publishing at 4.30 and buying at 4.00. Surely not?

There is at least a theoretical advantage to trading OTC in USA from UK, by exploiting time difference and UK bank holidays. I have tried this once with a UK listed company on a bank holiday when there was at a skeleton staff at my broker office (it was RBS at the time).

A late RNS on Friday looked negative so I called the broker on bank holiday Monday and asked him to put a sell order via OTC in NY which he was able to do. I thought I was getting ahead of the curve before the SP tanked on Tuesday! It’s a matched trade process and if no one takes your offer, it closes that day. No-one took my offer, because they knew what I knew even 3000 miles away!

Foreign companies cannot trade their shares on US markets by law. They either trade American Depositary Receipts (ADR) which are derivative instruments with the same value as a share, or they use the OTC market, which is not a stock exchange, but an over the counter platform for matched trades where a broker takes a commission. I can sell my shares to a bloke in Miami, if he agrees to buy them and vice versa. There is no liquidity provided by “jobbers” as they used to be called. There is some repatriation of shares when the opposite process takes place. However the shares being traded are the same shares as those on LSE.

42 UK companies trade ADRs in USA, 193 main market UK companies trade on OTC , and Lord knows how many AIM stocks do.

Last OTC trade after hours on Friday for ticker SYGGF according to Google was $3.05, but the official OTC Market website says a $3.30 close. Either way, well above £2.

Not sure how valuable OTC moves are, but the Guardian article was published at 4.30 pm on Friday. Surely intended not to influence LSE but maybe influenced OTC across the pond?