Member Info for Sparkle1

Enrico, why do you think an RNS is imminent? Am invested here but for last month went off to play on commodities and oil so need to catch up here.. thanks.

Watched a very interesting Bloomberg interview last week with David Rubinstein interviewing CEO of GSK. GSK supply 40% of the global vaccines but decided not to make the covid one.. instead they have provided the intellectual property under license to the top 3 manufacturers of vaccines in order to a) make them stable and b) to be ok for the elderly. They have agreed to be not for profit as long 'as the pandemic lasts'... got the feeling this would be as long as it was classified as a pandemic. However, they do then get the royalties from the major companies for the IP licences.
I can see Syn now doing something similar to this.

actually think mouthwash is a good idea - just a bit worried about how to get it up nose as well. So even if it worked, tricky. Presumably would need to gargle constantly as well. bit hit and miss but not a bad idea.

Think its complex... sister applied to go on home trial. Sent a testing kit, took 5 days to get a negative result - she had a cold - so she could not then do trial. So, seems to me its a function of speed of testing as after 5 days, might be in hospital anyway and no longer at home... ? SO presumably needs faster tests to fill home trial.

My understanding was that at the time they could only produce 22,000, so if you are government trying to treat 66m people, then not enough. Enough for trials. That is now changing with the cash raise / phase 3 trial.
key thing here is that if everyone gets past virus, then Synairgen will have enough stuff and money to finish their COPD work, which got halted due to virus. / and / or a buy out of a very small very cash rich company.

Thanks Ducati2... the gov know all about Syn and Syn are currently going through the right correct process to get approval as soon as they are able. Patience required. It is being regularly monitored.

if it helps anyone, given ive ended up being quite a large holder here, then i am more worried about Man United Leipzig tonight than Synairgen share price. If you need the cash tomorrow then slightly different position. But if you dont, chill out, watch a great nights footie on the box and forget about the difference between 175 and 168 or whatever it is... always knew it could go to 162 and i could have sold at 230+. However, i sold Amazon when it had gone up 400% or so. If i hadnt, would now be 20m better off....so some thing you just have to buy and forget about. This is one of them. Bought 5 years ago, diluted twice, ave 17p. Will almost certainly hold until company is bought out or it gets close to the broker rec.

Being an ex-Ai/Modeller, i model the ftse, s&p etc etc. I have two momentum models on FTSE, one which weights bad and good news, one which weights only bad. Very occasionally, they send up a buy or sell signal - this is a lot less often than people think by and large. So, for the index, on my model, for example there have only been 2 buy signals this year. In 2019, there was only one buy signal for the index all year etc. The 2nd buy signal started this morning - i am expecting the index to go lower yet but it has now hit 'buy' territory. I only tend to invest heavily when the momentum per se is there, as hard to go against global indexes. So the good news today, if one is brave enough, is that we are back in buy territory for the index. As i say, expect ftse to drop further but the other buy signal was on 18th March - only 2 all year. It dropped further for a few days after 18 March but thats when it sent up a buy on bad momentum model. The bad/good momentum combo model is very slightly behind but heading in same direction. so depends how contrarian one is feeling - the market 'feels' bad because it is - it has only felt worse on one occasion this year... but they are buying opportunities - maybe wait a few days and watch but these signals on momentum dont come up very often - once or twice p.a. max. However good the product if the FTSE, S&P and all other indices are crashing then hard to go against that sentiment and momentum but nearly time to buy for the brave.

sorry... bit late to the party today...
As far as i can work out, on 2nd rns they had 8.8m shares (5.91%) and now have 7.65m shares (4.64% of a higher total no of shares). i.e. have sold 1.15m shares - and why would they not - as they a) probably have set a limit as to their total investment in a single company and b) in order to buy at 175 in the second tranche needed to free up some dosh to do so to stay within their total objective. So they sold 13% of their holding but presumably will buy back in at 175 on second tranche. Thats my (current) take on situation. so assuming they buy back at 175, and have sold at 185, they would make a quick £116k, which would take their average to 165 if they bought the same number back... OR the companies who were offered on the first tranche have acted to **** off the two bigger shareholders who didnt want to be diluted. Its a bit irrelevent as over-subscribed in any event.

Thing is... when i sold my business, we bonussed all the staff... the senior guys on mega bucks all winged and argued about how much. The p.a. who got 4k tax free was doing cartwheels down the corridor with excitement so i can see why the managers might sell some as they are the ones doing cartwheels. RM, on the other hand, expects to make the dosh. The managers down the line might hope to make the dosh and be excited when they do.

I have no idea how much the two managers who sold are on but their job titles normally vary between 60 and 100k p.a. When their options were given to them, they are time limited - they have to exercise them or lose them, but when they were given the SP was somewhere between 17 and 30p. Thus in a year, they were effectively being bonused 15-25k ish. Its not huge. They might even have kids who have just lost a job or been made redundant or simply need to pay down the mortgage. Its not millions. They are not on the board. I hold more to put into context as a retail investor so good luck to them. Its very hard as a key managers or director to take cash out of a company as it affects the price adversely but as they have just raised 80m then good time to do it. They haven't cashed in life changing sums and good luck to both of them - they deserve credit for getting the clinical trial away so quickly in March and i dont begrudge them a penny.

happy to skip the bat interferons and keep with the hamster ones.

personally, i'd prefer it if bat was taken off the smorgasbord...

Hi peaksand troughs..you happier today? You seem to have calmed down from last night, which is good to see.

Get in there:

Existing Ordinary Shares marked "ex" by the London Stock Exchange

8.00 a.m. on 15 October 2020

THis is not correct - please read todays RNS. Closed at 8am this morning. That is the date.

The RNS was written for the brokers to send out to the big guys to tell them to buy - as they might not have been on the case / journey plus some things that are legally required. Chill out guys; oversubscribed placings are good news. Bit of patience required. Go have jolly day):

Rasher, it means that as you have 1338 shares, you will be offered (later today) the chance to buy another 36 shares at £1.75, which is clearly below market price at the moment. So you need to find £63 and buy them or do nothing and you will still have your 1338 shares. There wont be any fees for buying them.

Not sure we are becoming a big player - we are still a small company but are now a cash rich small company which in current climate looks highly enticing, probably to many.

not only that but they are saying they have raised £80m and the book build was for just under 30.
Anyone panicking - stay calm; not a lot will happen - you will get a notice shortly to ask you if you want to buy your few extra shares at 1.75 (you do). No need to watch this share or board all day - go and have a nice day all of you, especially the anxious and disconsolate from last night who panicked as they did not understand what was happening.

The next stages for RM is that it is **** easy now to do deals - they can go to potential partners and acquirers and NOT ask them to be a bank to fund them - eg If they go to Astra or Pfizer etc etc they will ask " how are you going to fund this phase 3 trial and roll out" and the answer before yesterday was " we were hoping you;d give us a loan" but today the answer is " we have enough cash in the bank to fully fund that". Makes it WAY MORE LIKELY that the big pharma companies will be interested (and private equity) - none of whom, contrary to other nonsense on this board, want to be banks offering loans; they just want to be growing pharma companies.