Member Info for TonyFawcett

Today’s Times
Astrazeneca has abandoned a tentative interest in combining with an American rival behind remdesivir, the coronavirus treatment.

The London-listed, Cambridge-based pharmaceuticals company made a preliminary approach to Gilead Sciences last month, according to Bloomberg.

However, sources talked down the prospect of any Astrazeneca interest yesterday.


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The Anglo-Swedish company is thought to have ruled out any deal because it would have distracted it from developing its own drugs pipeline, especially promising oncology drugs, and from attempts to produce a successful coronavirus vaccine.

There was scepticism, too, that such a huge deal could be put together because of logistical problems posed by lockdowns. Astrazeneca is valued at £111 billion on the FTSE 100, making it one of Britain’s most valuable publicly quoted companies, and the New York-listed Gilead has a market capitalisation of $96 billion.

I’d like a £5 SP by the end of the week , it depends on the news , I would be happy with £2 - £3 by Friday.

Ridiculously cheap at this level

Seems to be a bit more confidence and the SP making some solid gains, the Oil price is similarly having a sustainable rise, the two being inextricably linked.

Oil $42.25 a barrel

Over $41 a barrel now

Shorters closing positions

The Placing will be over subscribed, the share price will recover make no mistake , huge Institutional interest.

I am happy with my investment here, I am not worried about short term fluctuations, the SP may initially drop today but there’s a lot of good news in that RNS, the next couple of months should be very exiting indeed.

Downing Street Coronavirus Update, R rate increasing again is a concern as Lockdown eased Says Scientist.

£1.39 just been paid

Peel are showing £1.38 on level 2

AVCT now oversold, Brokers target price was £1.50 pre Covid-19 ,
Don’t be panicked in to selling , the good news is just around the corner. 1 million more buys than sells tells the story .

Has there been a leak ?

Loads of buys coming in on level 2 , probably get a strong finish like yesterday

I bet the mug punters who were panicked into selling feel a bit stupid now. The wise one are either sitting tight or buying at this level. News will be imminent could be this week or next or even the week after but it will come.

It’s like trying to catch a falling knife , those in the know won’t be panicking that’s for sure

Support at £1.60

Loads of buys coming in on Level 2

Brent Crude $39 a barrel