The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Doesn't look like Astra Zenica are in any hurry to buy AGL at a mere £30m no doubt its the lack of full FDA approval for Parsortix to test the majority of cancers that's the deciding factor here!
Years away from any commercialisation I would suggest.
Bob
I don't need to answer anything if you have doubts over the business and directors legitimacy why not contact Banoco BPM and 'whistle blow' you have every right to if your suspicious over business transactions or directors dealings.
Moaning here won't achieve much I can assure you and nothing you state is new as information or allegations made.
Given the dodgey goings on with LOAM and the Board with both the Samsung settlement debacle and the rigged share buy back clearly designed by LOAM it seems they are intent on selling down at 22p but at what point are they planning to reinvest assuming they want to given they are closer than retail with inside knowledge on liley STM commercial deal announcements.
I suspect they will let things play out a bit before dipping their toes back on the water come mid June when the share price tumbles to mid or late teens.. .that dipping toe in water would be effecting their ramping up in expectation of commercial orders to coming by I guess the Fall this year...sneaky buggars aren't they as slippery as a bucket full of jellied eels!
This mornings update on £3m on market buy back
760,868 shares boughtvat weighted average of 22.757p 17th April equivalent to £173k or 17 business days to reach full £3m utlised.
Seems I'm right floor buy price is 22p and rate of share buy back accelerating as £3m should be uses up by I suggest end May at the latest.
What next in June commercial orders received or the share price retraces downwards towards cash price...at what point do LOAM reinvest high teens?
Bob
No deflection on my part actually you are the one deflecting.
Have you explained your concerns and allegations to BANOCO BPM?
Have you explained your concerns and allegations to BANOCO BPM who no doubt would have done a through KYC 'Know Your Customer' background check on AZ, all directors, all the various businesses and ownership chain to ensure that it is vetted as part of the banks regulated and legal requirement as well as its internal policy before engagement with SYME as a supplier...They would have checked everything including financials, individuals residency and background checks including financial health of the business, credit history etc etc...
Likewise the major Italian cheese client of the bank would do similar background vetting and due diligence checks on SYME and wouldn't simply rely on the banks confirmation.
Have anyone one of you worked at a major bank and know first hand supplier engagement vetting and background validation due diligence checks and processes that are involved and that occur before, during, after, and ongoing checks when a new supplier is invited to bid for a supply contract with a major bank?
I don't believe neither party, bank or corporate client would have given any time to SYME (and AZ for that matter) if through their own due diligence and background checks they had concerns over legitimacy of SYME or its connected parties and business operations.
Whether the business model works and slowly ramps up is one thing accusing directors of shaddy practices, dodgey proceedings, and with some calling out fraud is another.
St1
"I, for one, have no problem if they go private because clearly there's huge demand for their services."
Really, going private means good night Vienna for all investors, basically a write off !
A post mortem more like as the patients half dead from the brain upwards!
Frustrations are running very high on this board...Understandable given delays, setbacks, and false dawns....However no one is going to go to such extradinary lengths to get a business concept off the ground if their sole purpose was to decieve investors and pocket their cash there would no logical rational to continue when the business could have been wound up and the directors pull out with a very healthy sum of cash already pocketed....why do it that would make no sense struggling to get a difficult business model off the ground..Hence its important to allow everything to run its course in due time..And if in the end it goes pear shaped I don't believe it will be through want for trying and we may well find quite possibly a pleasant surprise emerges from those stormy dark clouds in due course which may surprise many of us!
Troublesome
Not sure how things are going to pan out with the share price with LOAM in the driving seat as we are weeks away from when the £3m gets fully utlised and the dust from thevshare buy back has settled.
Looks like those share holders who didn't tender have lost out to LOAMs cunning little plan and the share price will no doubt inevitably fall...Who knows LOAM might dig the hoover out when it reaches 12p in a couple on months...
It's rather nice to have these civil discussions for a change.
But it is a mute point if LOAM expected the share price to surge on the back of imminent commercial orders from STM why try and off load 100% of their holdings at 24p now?....unless of course they don't see any large commercial orders in the immediate future as in next few months arising...
Who knows maybe it's a cunning plan to buy back at closer to the cash cost of what £23m looks like with 185m shares in issue or maybe they looked at their investment portfolio and saw better returns elsewhere and needed as much cash as possible...But the fact of the matter is they tried to sell up and exit and were only partially successful, although by the looks of things they got a large chunck of the available £30m and are no doubt off loading the remainder while the price is above 20p and supported by the £3m on market buy back...Funny that I did question why the buy back price was so high at 23p, and much higher than I suggested being to start once the share price falls below 20p or did LOAM agree the floor would be 22p to 23p to give some litigimate credence to how it was being operated?
Either way we should get evidence via TR-1 notices assuming that 8.5% stake dwindles further!
Actions speak louder than words as the saying goes!
Maybe that was their original agreed modus operandi get as much cash out through the £30m buy back and squeeze the remainder out through the £3m 'on market' buy back by keeping the share price high.
Retail investors with all fairness are warry of the behind closed doors shenegins with the Board and LOAM from the Samsung settlement debacle where Board guidance did not reflect LOAMs actions and the outcome for retail investors, many of whom, I might add supported the 37p placement a year earlier, felt very misled and misguided on expectations based on all the Board communications that were relayed over the proceeding two years!
Troublesome
That sounds like what goes in the newly installed dungeon device room!
Probably got a rack torture device in there as well for any potential customers!
NGR1616
I agree and upticked your post.
Clearly the market has now cottoned on to LOAM's actions and no doubt reached the exact same conclusions.
Nanoco Group PLC
LON: NANO
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17 Apr, 15:15 BST • Disclaimer
Reported for being rude and disruptive.
Hence why as evidenced by the TR-1 notice LOAM tried unsucessfully to dump their whole holding!
So where is the £7m to £10m revenues needed to reach cash breakeven next year going to come from certainly not from STM anytime soon judging by LOAMS attempts to fully exit!
Another example of BT misguidance telling the market one thing while all those in the know dump their shares.
Another repeat of the Samsung settlement debacle!
Tell the market one thing while the insiders do the other!
NGR1616
LOAM dumped nearly 50% no doubt the max they could rather than just 38.5% very telling!
Small correction as per RNS release..LOAM down from 16.5% to 8.5%..
I expect the on market £3m buy back to accelerate as investors dump shares.
As others have already stated watch how LOAM acts and not what the Board guides!