||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Flightstore Share Discussion Threads
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|started a new thread with updated name and epic code, (try again)|
|epic code now vpha and name changed to vphase|
|welcome to vphase born out of energetix and flightstore
Makers of voltage control units mainly for industrial use to reduce the amount and cost of electric a husehold uses
checkout www.vphase.co.uk for more details
EPIC CODE VPHA|
FINSBURY LIFE SCIENCES INVESTMENT TRUST PLC ("FLS" or the "Company")
Posting of circular to shareholders seeking approval for a change in investment objective and policy and the investment management arrangements, release of obligation to put forward a continuation vote in 2005, a proposed change of name, amendment of the Articles of Association and renewal of buy back authority
On 7 April 2005 the Board of FLS announced that it would be writing to shareholders seeking approval for proposals to change the investment objective and policy of the Company so as to widen the geographic exposure and to change the nature of the companies in which FLS invests.
In order to manage the Company's investment portfolio under this broadened investment remit the Board proposes to appoint OrbiMed Capital LLC in place of the Company's existing investment advisers. The Board is also proposing to change the Company's name to Finsbury Emerging Biotechnology Trust PLC, which more closely reflects its new objective and to implement an active discount management policy.
A circular detailing the proposals and convening an Extraordinary General Meeting for 19 May 2005 to implement the proposals has been sent to shareholders today, 26 April 2005.|
|prob millenium sold out their stake which was around 15%.
once sam isaly takes charge the port will shift to mainly us bios i imagine.
in the states he is a bit of a legend.
i am sure that the trust will trade at nav once things settle.
of course, he's got 10% of the port stuck in the merlin fund, which has been a v bad performer. that along with other bits could see the nav drop whilst he does his changes before being able to move up under his command.
but, his long-term track record would suggest that nows a good time to buy in as a long-term hold.|
|Thanks Ram. Though he clearly has a fan club, I reckon institutions have bought 15% plus of the issued share capital in the past couple of weeks, and with a stock like this, they will be in for the longer term. Add to that the pretty huge share buyback last week, and all this bodes well for FLS in the medium term.
|change of investment manager and new discount mechanism damanko - the new manager is v good and its main man has bought a disclosable stake as of today.|
|Anyone have an idea what is going on at this little biotech investment trust? Recent RNS's show very large volumes bought by institutions, as well as hefty share buybacks for cancelling. Possible a buy note has been issued? Massive amount of activity for such a small trust, more than I've witnessed over the past couple of years in such a short space of time.
Also possible that one of the investee companies has something in the pipeline that the market in general is not aware of.|
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