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In the past, I have found it difficult to trade large numbers of shares electronically, so I suppose you would have to use a broker, which I don't use, so maybe that's one reason that retail investors avoid low value shares.
I've obviously got it wrong then. Perhaps you could explain why consolidations take place.
Perhaps illiquid is the wrong term, but it's easier to sell 500,000 @ 37p than 10,000,000 @1.8p.
My thoughts are that the sp will not rise substantionally at the moment, because I don't think that the big institutions will risk buying a share with such a small value with an election on the way. It has to be said that the liquidity of this share in a fire sale would not be good. However if there was a consolidation of say 20 to 1 making the share price somewhere around 37p, I think that that would be more attractive to investors in general. Personally I hope that the sp climbs to 37p on its own merit. That would give all of us investors a nice few bob, and a bit of a headache for the MMs.
Staggering? Bought a few more anyway.
I keep hearing about this company and at first I thought it was just a fad, but the whole idea of growing meat instead of killing animals appears to be gaining traction. It's been described as a "no brainer," so methinks it's time to take a serious look.
I vaguely remember the last FDA approval attempt and I remember someone saying that the FDA wouldn't allow parsortix through because an American company had been trying for 11 years to achieve what AGL had perfected, but had yet to succeed. As I understand it, you have to employ a company with an excellent track record to present your product to the FDA for approval as was the case with IQAI just recently.
To my mind, it keeps dropping because nobody is buying Avacta shares, and they are not buying because there are no timelines for therapeutics or diagnostics payments. Having to raise money by placings is not doing the SP much good either. I too have been invested here for a long time although I have reduced my holding to a fraction of what it was, never the less, I am keeping a close eye progress because in time this will be huge or taken over.
From my point of view, I see Avacta as an ideal company to trade. The recent agreement with ADC Therapeutics is valued at around say, £300mil, that's a potential total of £680 mil of future earnings, but there is no timeline for these payments so receipts will be sporadic. Next year is said to be "exciting" as far as new contracts for Diagnostics goes, so we will expect a number of announcements which hopefully will create spikes, and then on to phase 1 clinical trials which should also create interest over a few years. I would consider buying in with a reasonable holding in the new year with the hope of building a good amount of cash over the next 4-5 years.
I don’t think you are wrong this time. If Affimers do what it says on the tin then it will be huge, but I also think that a T/O would be almost a certainty.
GB talked about attracting the bigger investment houses which would probably mean a consolidation at some point, unless of course the sp made such progress that this was deemed unnecessary, which I hope will be the case.
This kind of rise has only happened to me three times. First was Rockhopper, second VRS and now IQAI. If SKIN does the same thing, my smile will be visible from space. GL all.
After losing a shed load of money in my penny shares stupidity days, I vowed never to buy penny shares ever again. A decision that has seen my fortunes regain some of their former glory, however, I have broken my golden rule having studied SKIN for some time and decided that this may well be the exception to that rule. What an amazing company and what an amazing product. So I’ve topped up to 200k today which is all I dare syphon away from my other major holdings. So good luck everyone, let’s hope that this really is the exceptional company that it seems.
Massive disappointment. Still no China agreement, still no revenue. I wouldn’t be surprised if the sp tanked.
Yes. I have decided to hold all my present shares because I don't need the money right now and at some point I have to trust my research and judgement. However, I see a bit of a rough ride ahead, and although I could just sell up and buy the max in premium bonds which would be far less stressfull, where's the fun in that?
Thanks for the link, and what a fascinating product and company. I only hold 138k of these at the moment, but I'm sorely tempted to dig in.
I am down 84% on EQT and 69% down on PHE. Have either of these companies actually got a working unit in the field? Dave Ryan, CEO of PHE looks as if he is nervously lying through his teeth. I have basically written off both companies, so if anything does come of either, I will be very surprised.
My knowledge is fairly shallow on the subjuct, but I do believe that it will be necessary to re-think the electric vehicle scenario, including aeroplanes. At the moment electric motors are being strapped to conventional cars, whereas the car needs to be completely redesigned to encompass super capacitors and the latest technology in graphene based batteries and graphene enhanced materials. So I believe it will be with aircraft, with the electrical storage being where where the fuel is stored and the upper body and wing surfaces covered with micro thin solar panels, and ground recharging times would be the duration of the usual stopover. I am invested in ITM and VRS, so I hope both do very well.
Congratulations Max on having enough marbles working at your age to keep up with this stock market lark. I turn 70 this year (just a kid by comparison) and I sincerely hope that I make it as far as you have with at least some of my brain cells still functioning. Well done you. GL.
TW is a typical attention seeker who, if he is right "There I told you so" and if he is wrong "0".
I think the term is "for amusement only."