Member Info for ShearClass

The question is at what stage do Venrock announce their investment to the world? Clearly they believe that SNG001 is going to succeed, as they wouldn't be putting in this kind of capital otherwise. They will have an investment thesis based on research that we simply don't have access to, and this is driving them to buy millions of pounds worth of shares. I suspect they'll want at least 10%, but as others have pointed out, I can't see this happening without them causing a sharp increase in the share price as selling dries up... A fascinating period lies ahead.

Huge statement of intent, assuming they started buying on 20th July, they've bought 9.1m shares since, assuming an average price of £2, that's a $24m investment to date...

The 20k trades just keep coming - one just now at £2.22 - looks like someone has bought as many as they can at £2.08 but has now decided to buy at any cost, suggesting news is very close...

JPM have no affiliation to RENX other than the fact they were the 'global' coordinators & joint book runners for the IPO, so I'm not surprised to see a non committal target price given their lack of prior involvement. They've made their money, onto the next one...

Stifel & N+1 Singer have been joint brokers for some time now, and should therefore have a much greater understanding of the value proposition. Without having access to the full detail of the notes it's impossible to make any real judgements though, but I'm happy with an initial target price of $22, which should increase markedly once they announce additional partners etc.

You’ve posted here twice since the IPO, after the first day when it was flat & today when it fell 9%, whilst in the intervening period it rose 27%? Why didn’t you have anything to say then?

The Mount Sinai launch will positively impact the share price when its RNS’d, the fact it was confirmed in the broker note was good news for current shareholders, agreed?

Full Stifel extract copied from the other board;

“Initiation Penetration Within Mount Sinai; Other Deals To Follow. This month, the Mount Sinai Hospital System will begin using KidneyIntelX to manage the ~65,000 patients with DKD (Stages 1-3), which should provide a strong initial test volume ramp, particularly given the population health approach being undertaken (wherein implementation will be hospital-wide). Over the next 12 months, additional patient populations within Mount Sinai will likely become eligible for testing, and we expect new accounts to be announced in the form of formal partnerships with other hospital systems and/or payor networks. We also see strong potential for pharma relationships that could yield another key revenue stream going forward.”

Ha, what wavelength are you on Zach? Planet Zog? I’m sure you’re short here as no shareholder would turn up just to post that the price was getting hammered... what about last week when it was up 10%?

As for the broker ratings - do you seriously expect them to forecast $30+ a few weeks after an IPO at $13.50? The big news was the Stifel note confirming Mount Sinai commercial launch this month to manage an initial 65k population with CKD.

Thoughts on that?

Also both previous times it's been above the 200 DMA, it's been brought back down by a placing... this time we are cashed up AND have the added confirmation of a director buy...

Funkygibbon, clearly you aren't a shareholder or you wouldn't be coming out with statements like that!

@Kevkan, taking cheap shares from traders - why wouldn't they walk it down first thing?

Rajbury, the 100k is clearly a delayed buy timestamped at 12.03, the trades immediately after jumped to £2.25 which simply wouldn't happen with a sell of that magnitude. The share price also finished on the days high, another very positive sign, as well as having 3 x market makers bidding at more than £2.24 at close. LOOP shares are in demand and this will continue for the foreseeable future in my opinion, as it's clearly mispriced when compared to the previous highs. Just need patience to let it rise.

Also, lesson number one of investing; don't take the categorisation of trades as gospel - any delayed buys will be reported as sells if the price has risen in the intervening time period, likewise if the price has fallen delayed sells will appear as buys. You have to review the trades around the time of the trade to guage the probability of a buy or sell.

It’s more positive news so yes it should continue the re-rate...

Volume is really positive indeed - get the IC print version out on Thurs & continued exposure online & we should continue to churn profit takers and move up

Bruce you are a strange creature, it is far from straightforward as your incorrect interpretation shows. As per the SNG website they owned 5.1% as of Friday, however this was reported as Bong Koh & Nimish Shah. Today we have a new holdings RNS which I believe shows a separate 3.11% stake, I say separate because in section 11 it states;

"11. Additional information (xvi)
Bong Koh and Nimish Shah are the voting members of VHCP Management II,
LLC and VHCP Management III, LLC. They have a notifiable interest in
excess of 5% of the voting rights of Synairgen plc as notified on 7 August
2020."

So 5.1% + 3.11% = 8.21% ownership IMO.

https://www.investorschronicle.co.uk/comment/2020/08/10/targeting-tech-stocks/

LoopUp Teams up

LoopUp (LOOP:220p), a London-based premium remote conference meetings company, has just announced a major extension to its flagship product, LoopUp, as it strives to become a leading provider of telephony services for Microsoft’s Teams, a product that has 75m daily active users.

LoopUp will now offer global cloud voice services via a third-party network direct routing to companies using Microsoft Teams, alongside its own premium remote meetings capability. Users will be able to make and receive outbound and inbound voice calls directly from their Microsoft Teams user interface on any device, irrespective of geographic location, and with differentiated audio quality, reliability and security. It’s a win-win situation for both parties.

That’s because although Microsoft Teams has grown strongly in the professional services market segment, few companies use it for external voice telephony. That’s an issue because analysts at Gartner believe that 90 per cent of enterprises will adopt direct routing voice calls by 2022, up from only 10 per cent last year. This is a seismic shift and explains why Microsoft is seeking to increase its presence in this important segment of the market.

From LoopUp’s perspective, around 90 per cent of its customers already use Microsoft Teams so offering direct routing is a natural extension of the product offering. It should be profitable, too, as analyst Peter McNally at house broker Panmure Gordon “believes new and existing customers that sign up with Teams integration can at least double the average deal size for LoopUp”.

Mr McNally is maintaining his recently upgraded earnings forecasts (‘Watchlist small-caps on the upgrade’, 20 July 2020), but now believes that LoopUp's shares should trade in line with the UK Small-Cap Technology sector average multiple of 13.5 times 2021 enterprise value to cash profit, implying fair value of 324p.

Last week, LoopUp shares hit the 225p target price I outlined when I suggested buying last month at 138p (Alpha Report: ‘Tap into the remote working boom with LoopUp’, 2 July 2020), but I now feel a 300p target price is in order. There is little in the way of technical resistance to my new target either. On a bid-offer spread of 215p-220p, the shares rate a buy.

Yes I've got to say that's as confusing as it comes...BUT the bottom line is they are accumulating shares in a significant way, this is a very positive sign indeed.

Other than the RNS on Friday PM? It's changed the sentiment completely, I wouldn't have bought if a director hadn't on the open market...

I thought the point in building new rare earth mines was to remove reliance on China?? Not keen on their involvement here at such an early stage, it will almost certainly complicate any offtake arrangements they look to make with other countries (and rule out the US completely I would imagine...). One for the watch list.

From 31st July RNS:

"2. Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer: Yes, the Company has entered into a Heads of Agreement with China Great Wall Industry Corporation to proceed with an engineering, procurement, construction and financing ("EPCF") model for the development of its Longonjo Project to ensure that the design and construction of the processing plant and associated infrastructure is funded through a single arrangement. The Company contemplates the proposed debt financing component of the EPCF to be obtained from commercial banks in China with credit insurance from SINOSURE"

Any £4m market cap where a director buys on the open market is worth consideration. I bought on Friday after the RNS, first time I’ve owned shares here since 2018. Things do appear to have changed for the better - a proper amount raised, leech like directors removed & improved comms. It’s mispriced at present and now sentiment is improving this won’t last much longer IMO.

Yes, all very positive as you would expect.

Have paraphrased one of the key points for discussion below;

How big is the opportunity? Approximately 90% of LoopUp clients already use Teams and the vast majority of these are expected to integrate regular telephone calls (outbound and inbound) with their Teams tenancies over coming years. Given that most organisations spend many times more on their phone calls than they do on remote meetings, the revenue potential for LoopUp is clear.

We appear to be at the start of a serious revenue upgrade cycle here...