Member Info for worst

This company has a few loyal shareholders still ie. Webley, but he's wealthy so can afford to lose a chunk of his investment money without affecting things much. For the rest, a modest speculative punt this remains, live in hope not expectation with this one.

At least investors had a few days to sell up after the CEO departure as the red flags were certainly waving at that point.

A rather poor show from the board members involved over recent years. Still taking a nice salary each I would imagine though. I had always hoped to be able to re-invest in this company one day having sold my stake at circa. 80p but since Paul Brett departed things have fallen apart somewhat.

No news yet on the matter.
This company always seems to flatter to deceive if that's not being too harsh.
Impression is of a private company disguising itself as a public company as run on private lines.
Suggest the next interview for a CEO is done by Alan Sugar as he usually gets things right.
Cannot afford to drag out the uncertainty much longer.

The bluntness of the RNS leads me to suspect that he found something not strictly kosher (a non kosher savaloy?) hence the need to make a report or disclosure to officialdom and the company might be unable to give more insight at the present time. The board would have expected the share price to dive on the announcement but couldn't offer a sweetener to go with it. Maybe a suspension at 7am tomorrow.

Extraordinary news today and the company needs to let the market know asap what's happening. If bad news, the share price will correct to a lower value and if nothing bad then it should rise back upwards. Being dumb is not an option here for the sake of the long suffering shareholders.

The Auditors report of Shipleys LLP on 21 October 2022 includes a mention of there being a material uncertainty of the going concern which is a bit of warning flag. Hopefully a take-over happens sooner rather than later.

Told me he has a 8p take-over price target on this one

Nice to read some straightforward and thoughtful comments.
A long way from the robotic posts made by someone when this company was buying its own shares on a daily basis.

Little interest in this company currently, the jury on the new boss is out.

With the SP down 80% from the high, surely a pharma with the resources would see SAR as an opportunistic buy? A bid of say 250p would be hard for the Board to dismiss given the obstacles and costs that lay ahead and the prospect of getting any more placings away at a half-decent price preventing further dilution for current shareholders. I think now is a perfect time for a third party to make a move.

Keep buying these if one can afford to lose the lot. 10 years of pain here it looks like

Excellent post SOG. I see you are a Hammers fan so no excuse for you not visiting your little local club The Daggers during the World Cup period. They might turn you into a happyoldgit, just a maybe....I'll look out for you but don't wear your WHU scarf if you want to avoid comments.

Just bought a few for 2023 prospects

I cannot see that anyone has staked more than £1,000 in these shares this afternoon (in a single trade). I guess this reflects the risk here but the shares do look compelling at this level so I'll pitch in tomorrow all being well.

Two large sells 15 mins before the close to be investigated by the insider dealing dept. i fully expect

to average down substantially unless there is a 7am RNS clarifying matters to stabilize the share price.

The share price hasn't reflected the positive news today so far. A buying opportunity presents itself...

Best bet might be to entice Paul Brett back who left a few years ago. Current decision makers are in a pickle and the macro position is against them and will get even worse. This looks like a private company in disguise, not one for the public as the share graph shows. Better to have had an investment in one's own property portfolio than putting any faith into these guys.

Looks like the sale is almost agreed and no doubt the strike price reflects a cut for the added risks so expected 60 but will now be happy with 35-45