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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Renovo Grp | LSE:RNVO | London | Ordinary Share | GB00B081NX89 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.625 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
21/6/2011 12:14 | agreed. looks like hopefully a steady, slow rise up towards 16.5p, and as said in the meantime some news on Juvidex to boost the coffers a bit further would do nicely. Off to Glastonbury to brave the rain and let rip, hope that rnvo behaves itself in the interim | holly_dog | |
21/6/2011 10:42 | the_doctor, i think the same. | daytraders | |
21/6/2011 08:14 | The plan they're going for is IMO the best way to get maximum value to shareholders (short of a bidder coming in and paying a good price - which is possible) shareholders will I think get a) ~16p/share via the buyback in the near-term. Possibly up to 19/20p if Juvidex is first sold b) 1-15p/share (possibly more) for Adaprev, Prevascar and the pre-clinical products. IMO there would then be a further, final distribution to shareholders if the products are then sold off on that basis, and the limited/no downside, I personally think the sellers are daft - but I guess that's why there have been buyers taking the stock in | the_doctor | |
21/6/2011 07:33 | because they arent liquidating the company! They are keeping it running, so that rather than accept little for products too early (prior to results coming in), shareholders will get a chance at more later if results are positive. Either way, there's little downside risk of doing that. | the_doctor | |
21/6/2011 05:04 | why would they do a buyback when they are ineffect liquidating the company? | 2bozmo | |
20/6/2011 22:27 | they certainly are keeping us in the dark arent they, i would have thought an update would be about right. | smith99 | |
20/6/2011 21:32 | The company has not suggested a special dividend, so I'd suggest forgetting that. Am I right in thinking that for RNVO (company or shareholder), there would be no tax implications of a buyback, aside from income tax for shareholders with gains? 'In the event such action is agreed by the Board' They've had 90 days to think about it. what's there to think about? I guess they had to (formally) now run it past the large insts beforehand. We should know soonish then? IMO, the plan may also depend on any product sale discussions. I'm guessing that in 6 months or so, shareholders will own an AIM listed vehicle with rights to the products, that would be sat at about 1-5p per share, but could later rise a fair bit higher if trial results are positive... unless all sold off beforehand | the_doctor | |
20/6/2011 21:17 | also, they only need 1mil to continue work on remaining products, that leaves shareholders with 16.5p to 17p in cash, share buyback is only good way forward, any special divi will be like looseing 40% 20% of share price instantly. | daytraders | |
20/6/2011 21:14 | we dont want a special divi thou, out of 10p you would see just 8p or 6p, how would that be good ? | daytraders | |
19/6/2011 09:15 | I would imagine something like a special dividend of 10p, way of returning excess cash to shareholders. Keeps Renovo as listed going concern with enough cash left to continue work on remaining products | 2bozmo | |
18/6/2011 16:30 | so what does all of these means in the mean time | hollerich1 | |
17/6/2011 19:39 | what ever proposal they put to the shareholders we dont want a dividend of any sort, as that will be like looseing another 20% or 40% from share price after the tax we would have to pay, share buyback at 17p+ is the only way to go, and then keep the other 2 assets going until results. | daytraders | |
17/6/2011 15:50 | if held in a sipp do you still pay tax on a divi payment, i want buyback myself at over 17p+ | daytraders | |
17/6/2011 15:38 | Nice chunky 2.8m buy at close | holly_dog | |
17/6/2011 14:22 | Great to have a major holder on the board. Gives me some confidence they will get as much value out of the portfolio as possible. | waterloo01 | |
17/6/2011 13:28 | , it appears that's the plan unless they can sell products for a sufficient amount earlier
It's very clear to me that they're aiming to give shareholders as much cash as possible one way or another. | the_doctor | |
17/6/2011 13:10 | How long before they decide what to do ? | joeblogg2 | |
17/6/2011 13:05 | divis get priced into a stock - that would raise the share price works out the same | the_doctor | |
17/6/2011 12:56 | Smith - see below My understanding is that the price will rise towards the divdend price, and then you are credited with the dividend value, but then this will be offset by the price fall after the dividend is paid. So in theory if price is now 13.5p, then rises towards 17p, and they pay dividend of 17p after it is paid, but then price will drop accordingly the next day, so you are essentially left with the original gain from 13.5p - 17p. I may be interpreting this incorrectly so do shout. But stock buybacks are best as it will drive price up in simplest way and no worries about taxation | holly_dog |
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