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Been watching this one for months but never pressed the trigger, thank god. Have gambled on many small oillies over the years with most being losers. As an outsider this one seems to be acting a tad differently as they normally rise as people pile in approaching drill time and then it becomes a crap shoot after that. Always like a gamble but ultimately that’s all it is, so no point in falling out with each other.
Analysts at Liberum cut their target price for shares Oxford Biomedica from 1,390.0p to 1,010.0p on Monday, arguing that the company's pan-vector offering had yet to reach sufficient scale in order to deliver sustainable profitability.
If only…..
The share price doesn’t stand a chance when you see the trades going through. This is being manipulated by bots and has been for months…
Half Oxb’s value is now in cash but the upside is they shouldn’t need to raise any funds for a while.
Just echoing the previous sentiments. Can’t understand this dropping on the lead up to the drill. Been watching for months and luckily haven’t bought yet.
Hit or miss perfectly describes this. Have been caught and scorched with various small oillies over the years but fancy tossing the dice on this one. G.l. all.
The talk on other sites is that it’s ‘auto bots’ that are selling and this would appear to be borne out by the quantity of small/ tiny sells over the last few months. I agree that possibly one or a number of parties are driving the price lower for whatever reason ? It has always been a very volatile share and the light at the end of the tunnel is getting dimmer and dimmer…
Hi Kern,
All in the same boat. Have lost 20% of my portfolio over the last few weeks. Made a purchase today, the first in months, that being Lloyds. Scary and expensive times ahead. I also thought that Oxb was going to drop below the £3.00 level but lets hope that the market settles .
Hi Kern,
$5 million a year is a hefty wad of cash to find and that is only the interest. Going to be loss making this year I believe. I hate being pessimistic about Oxb but I was really lucky to get out when I did because unless they land a major contract I can see no upside. Cashburn has got to be, or should be, a major concern so these small ‘undisclosed’ contracts aren’t exciting the market. Hopefully I will be proved wrong..