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Indeed. Mr Cropper bought more shares on the day they were suspended on the market
Hey presto ... back on the market Monday morning. Lrts hope more news flow after that......
After recent published results and updates - It would be positive news now to have to have a view from the management team on when these shares will be re-listed on the market
Latest share holding disclosure was made on 28th May which was the same day Company suspended shares on the stock exchange.
Can anyone please explain their view on the implications of the latest RNS issued today regarding gift of transfer of 17% of the Company !! Many thanks
Why such heavy falls - is it all just connected with big slump in copper price or general stock market malaise?
I believe SUPP will move up sharply once Oxford Nanopore price and market cap is established. Already at a big discount to NAV and surely a better play on Oxford than buying share in IP Group . Good to hear ON is finally coming to market in Q3.
I know how to search but group does not come up ! Hence the question
Thanks - or name of the group would be helpful.
Could you post telegram link unable to find it on a search
Many thanks
Added a few more to SIPP today- IMO fallen back to far
Worth adding a few to share portfolio via Primary Bid - growth market opportunity IMO
Good RNS today. Feels like we will move away from recent lows and move up especially if IPO for Nanopore goes well in Q3
Thank ypu CareFree for the debt update. Shanders
Hi
Could anyone advise what total debt now is taking into account payments made during 2020? Many Thanks
Could anyone advise what total debt is now - takjng into account repayments made in 2020. Thanks
Could anyone please advise or comments on what warrants are outstanding and still to be exercised. Thanks
Tried to email company using email from web site info@metalsexploration.com. I get an immediate bounce back - message is "group may not exist". Can anyone advise or suggest a contact email please for investor relations Thank you
Not good messaging on a Friday close but, upside is offer will close tonight and VCT's on board tend to be longer term investors.
Anticipating this funding is to load the gun to support market launches in Europe and MEA in Q2 & Q3
Looks like some scope for upside is definitely possible after SUPP recent lows when Oxford Nanopore IPO goes to market in Q3
Wealth Manager
Schroder UK Public Private (SUPP), the ‘patient capital’ investment trust formerly run by Neil Woodford, hopes a £3bn-£4bn flotation by top holding Oxford Nanopore can turn its fortunes around after a painful 20% write-down this month.
Fund managers Tim Creed and Ben Wicks (below), who took over the closed-ended fund at the end of 2019 after Woodford resigned when his business collapsed, expressed strong belief in the British DNA sequencer. Nanopore accounts for 21.6% of the trust’s assets, making the stake worth £68.7m. Its plans to list offer a big potential boost to SUPP’s 31 December net asset value (NAV) which this month was slashed to 35.01p per share from 43.84p at the end of September.
Reaction to that has left the shares at 31.9p, less than a third of the 100p level they launched at six years ago.
The pair told Investment Trust Insider they held Oxford Nanopore at a valuation of £1.9bn, reflecting its last financing round more than a year ago. This is less than half the £4bn analysts at Berenberg have said Nanopore could achieve when it launches an initial public offer (IPO). It’s also less than the £2.3bn IP Group (IPO), a listed early-stage investment group, held the company on its books at the end of March.
Creed and Wicks would not be drawn on making projections but noted how Nanopore’s reputation had grown during the Covid-19 pandemic when its devices were used to track the spread of the virus in more than 85 countries.
‘It’s been nice to see the range of projections that other people are making and certainly we have a lot of confidence in the management team of the company to have a successful IPO and the continue to grow,’ said Creed.
He added they would not be ‘forced sellers’ when Nanopore goes public, as the limits on position sizes in the trust only apply to new investments.
Investec analyst Alan Brierley estimated if Nanopore floated at £3.9bn, as recent reports suggested, this would hike the trust’s NAV by around 23%.