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SBI Sourcebio International Plc

115.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sourcebio International Plc LSE:SBI London Ordinary Share GB00BKSB1674 ORD GBP0.0015
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 115.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
105.00 150.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 115.00 GBX

Sourcebio (SBI) Latest News

Real-Time news about Sourcebio International Plc (London Stock Exchange): 0 recent articles

Sourcebio (SBI) Discussions and Chat

Sourcebio Forums and Chat

Date Time Title Posts
04/6/202318:55SOURCE BIO INTERNATIONAL579

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Sourcebio (SBI) Top Chat Posts

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Posted at 29/12/2022 11:21 by supernumerary
finkie - don't be so lazy!


'As previously announced on 23 November 2022, following the approval of the proposed Cancellation by Shareholders at the General Meeting held today, the last day of dealings in the Company's Ordinary Shares on AIM will be 29 December 2022 and the Cancellation will become effective at 7:00 a.m. on 30 December 2022, subject to a Dealing Notice, as defined in the AIM Rules for Companies, being issued.

The Re-Registration of the Company as a private company is expected to take place on or around 18 January 2023.'

yes

yes; but 'at a lower price' makes no sense

9degrees - yes, farewell indeed. Been in and out here in the past, and was contemplating buying a chunk again, but saved by the bell. I suspect, however, they'll be back in some form or other...
Posted at 29/12/2022 10:09 by 9degrees
Good bye SBI I feel i have been ripped off whatever their good intentions
Posted at 17/12/2022 21:55 by finkie
And a further question what happens to investors buying stock and holding at 100p do they still own a part of source bio as a private company but able to own at a lower price?
Posted at 09/12/2022 14:23 by assword
Just sold for 110 and moved on. Take the hit and learn a lesson or two. Thought best strike now with what little I got out of SBI to move for a stock awaiting results before end of Q4. At least I had the money to trade with now, rather than later. Hopefully it's a double bagger and I get back what I lost out on !!!
Posted at 05/12/2022 17:15 by c3479z
grim result having to accept 115 but the alternative is just too risky,
chances are that it will reappear in a few years at a much higher price but this is not certain.
Posted at 09/11/2022 08:11 by brummy_git
Planned 115p/share tender offer for SourceBio shareholders, before going private.

All the news here

www.linkedin.com/posts/paul-hill-a5994116_sbi-sbi-activity-6996020008975745024-tHGb?utm_source=share&utm_medium=member_desktop
Posted at 13/9/2022 14:24 by c3479z
what disturbs is that the CFO gave a summary at the presentation without mentioning, as far as memory serves, that the group made a loss, reinforcing the cherry-picking approach also adopted at the results announcement where readers had to scan down almost towards the end of the announcement before this was disclosed.
Do agree that there is plenty of opportunity in cellular pathology but the idea that a 24 hour turnaround time can be achieved across the board is false- it may be possible for the simplest specimens and biopsies to present digitised images to the pathologist within 24 hours but for more complex cases a period of specimen fixation, dissection, block selection and processing can mean a 4-5 day period between specimen receipt and slides being available,
the overall turnaround time varies with the diligence of the pathologist who must fit in reporting with a number of other commitments,if they work in the NHS also- MDT meetings, post mortems, CPD, specimen dissection...
plenty of competition for private work even if SBI and LD combined are the biggest provider: digitisation of slides not all that novel- it's happening also in the NHS where amalgamations between labs could eventually lead to a more efficient service/increased competition for SBI, with on-site molecular pathology/NGS also becoming standard.
Agree there is a present global shortage of pathologists and increasing demand for cellular path as the population ages, more endoscopies done, skin biopsies and gynae specimens taken and more complex investigations required - seems that cellular path is not a highly popular specialty among medical graduates since pathology was de-emphasised at the medical schools but staffing tends to go in cycles though no present sign of improvement...especially as the NHS London medical staff weighting is not sufficient to prevent staff moving to the provinces once trained up..
Overall therefore outlook should be good for their cellular path division especially if they can integrate it with their genomics outfit.
Posted at 08/9/2022 07:28 by samewe
Let’s hope we will see some upwards movement on the share price to above 200p.
Posted at 08/9/2022 07:14 by brummy_git
Excellent H1 numbers, and positive outlook today from SourceBio's core divisions.

All the details & commentary here

www.linkedin.com/posts/paul-hill-a5994116_sbi-sbi-activity-6973523349662535680-MKpH?utm_source=share&utm_medium=member_desktop
Posted at 05/4/2022 16:13 by james188
base7 - They paid for LDPath in cash because the share price is(and was)so low that it made no sense to pay in shares (even if the vendors had wanted to do that). Contrast that to the EKF acquisition of a US lab which was done when the EKF share price was pretty much double what it is now. That might also have been noticed.

I think that the market reaction today has been relatively cautious because there will have to be a huge increase in the core business revenues - and healthcare diagnostics in particular - to replace the large hole left by the drop in revenues from infectious diseases testing. It was alway known that that was going to happen, but it is still a challenge.

In my view, the management team deserves a lot of credit for spotting the COVID business opportunity and then executing it so well. They now need to repeat the trick and demonstrate that the price paid for LDPath was reasonable.
Sourcebio share price data is direct from the London Stock Exchange

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