Member Info for StarBright

It is unfortunate that increased transparency has led to the politicisation of government procurement. A few months ago, the government saw the release of bids/tenders/contracts etc as a way of evidencing their activity and industry. Now there are questions over some procurement processes and decisions, similar releases have become hot potatoes. In the end this helps no-one.

Whilst the death of a mum in her 40s with no co-morbidities is obviously a tragedy, it is important to understand that it’s highly unusual. Of over 30k hospital deaths in England, just 313 were people aged under 60 with no pre-existing conditions.

50k shares or £50k?

TR1 holding threshold is 5.4m shares.

Covid symptoms = temperature, persistent cough, loss of taste/smell. Why would you need a test to detect these?

The test detects antibodies.

Hypothesis is straightforward: Widening sector interest (as generalists are attracted) plays out first in large caps, then mid caps, finally juniors.

If correct, this should be easily visible by comparing the price performance of large and small cap miners. So I knocked up a quick chart https://thumbsnap.com/6asTNw58 comparing GDX (the gold line) and GDXJ (green).

Unfortunately it doesn't support the hypothesis as the peaks and troughs appear perfectly aligned with respect to time, with no sequencing lag apparent. The correlation coefficient between the two instruments is consistently high (>0.9) with the residual likely explained by the expected variance in magnitude between the two series.

Interesting. Don’t worry about the video - I’ll call him.

“Money always flows from Big caps -> Mid caps -> Juniors.”

Can you explain what you mean by this please Max?

Interesting to hear regular posters histories with UFO.

I first bought some in late summer, with the intention of building a modest position over time buying on weakness. I then forgot to do this until - for reasons I still don’t understand - I bought some more in October when the spike was in full swing. This increased my average materially. Shortly afterward I realised I had been - as my teenage son would put it - “mugged off”. Luckily my position is only a small % of my portfolio, so I am generally able to laugh at it / myself. I plan to continue to hold as the red stain in my portfolio reminds me every day not to be a billy. It is for me the garish shirt bought in a rash moment after a liquid lunch. It taunts me silently every time I open the wardrobe door.

I bought some more today, responding to the compelling RNS announcing the new website, which I think features an excellent font. Also - of course - responding to the exhortations of our resident multi-account rampers. When someone pointed out that UFO was “NT to buy” I knew the moment to reach for the trusty kevlar gloves of courage had arrived.

Wish me luck and I will do the same for you. I think we are going to need it.

Investor. 20+ years in a value investing shop. Now choking on my own cooking...

The FDA have given regulatory approval for the tests to be sold in the US. But characterising what is required from the DHSC as “approval” is leading to confusion. It’s not a regulatory approval at all. If we referred to it as “permission”, better still “contractual permission” I suspect it would be better understood.

I added a few this morning., after a momentary loss of self-control...

Yes Lovejoy22 - the share price reflects what people “the market” expect. It moves when those expectations change.

Thanks - my mistake.

Promotion from the Micro-Cap Indexes to the Small-Cap indexes is of course beneficial, but the points I made all still apply. The small cap indexes contain many many names, all at tiny percentages. It is normal for index changes to contribute materially to price action only when considering additions/deletions from the larger more concentrated indexes.

The "promotion" will help with exposure generally, but it's not going to be a short -term catalyst for a re-rating in the way the earlier poster suggested.

Inclusion in the MSCI Global Micro-Cap indexes (actually a series of indices) isn't going to have a material impact on the share price, principally because:

1. The Mico-Cap indices contain a very large number of individual names, each with small weightings.
2. The value of AuM managed against these indices is small
3. Passive investors don't have to hold ALL of the names in an index, only enough to be confident that they will track index returns accurately enough to meet their mandates

I hope this helps.

I took a look at your posting history, and am treating your contribution with the respect it deserves.

BOOM!

No worries. On reflection my response is a little harsh in tone. Sorry for that.

The content is correct though. Omega could be bought at any price, but only if sufficient acceptances can be gained. In practice the fragmentation of the register and high level of PI ownership make such a transaction complicated and difficult to execute. Therefore risky and less likely. I wouldn’t lose any sleep worrying about it.

https://aim-watch.com/project/price-monitoring-extensions-explained/

A couple of posts of mine from recent weeks. Not saying “I warned you” - not least because I failed to heed my own observations - but re-posted for interest given recent revelations. I sincerely hope that due TR1’s aren’t “missing”. That would be very bad.

Posted Oct 28th...

“The short term selling pressure here is obvious, despite all the "to the moon" posts and endless far-fetched discussion of huge buy orders in the background. It's not possible to tell whether this pressure is coming from the warrant holders, or simply from those who acquired shares at lower levels. Some evidently view the recent spike as a decent level to exit, having multi-bagged. There's nothing wrong with this, although there isn't now enough volume for them to sell into and the price drops sharply when they try. So they are like the monkey holding a fistful of nuts in a bottle - they can get their hand out but only by dropping some of the nuts. It's not hard to spot the posters here who have positions to sell . They want you to buy THEIR shares at or around 2p so they can get as many nuts out as possible.”

Posted Nov 5th...

“ Watching this share is a little like watching a WWE bout. Every time plucky little UFO staggers to its feet and rises by 3% our resident rampers - resplendent in their glittery budgie smugglers and knee-high boots - jump on any volume from the top turnbuckle and smash it over the head with a folding chair. So the price very quickly falls back.

The pattern will continue until they’ve sold the positions they failed to clear through the recent spike/pump. In the meantime, they continue to provide value alongside entertainment as they seem notably well-informed about everything the company is involved in. It’s good/useful for LTH’s that this information is shared here.”

Shouston - what you call the “small cap listing” isn’t relevant to this in any way.

A cynical person might conclude that certain holders have been “helped out” with a steady stream of stretchy RNS’s and some enthusiastic and determined efforts at spike/sentiment support on a bulletin board to motivate PI’s to do their bit...