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SARS Sarossa

1.52
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sarossa LSE:SARS London Ordinary Share JE00BKWBZV64 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.52 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.52 GBX

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Date Time Title Posts
22/7/202012:41Severe Acute Respiratory Syndrome Epidemic (SARS)129
31/8/201620:00Sarossa Ld39
07/4/200908:092 MILLION people could die in the UK within a few months20
07/8/200511:42SARS - Who will produce the Vaccine38
17/12/200311:38SARS-WHO WILL PROFIT FROM IT?26

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Posted at 09/6/2020 13:03 by waldron
source : Dow Jones News

Danaher Unit Unveils Sars-CoV-2/Flu A/Flu B/RSV Combo Test
Print
Alert

By Colin Kellaher



Danaher Corp.'s Cepheid unit on Tuesday said it has developed a four-in-one test to detect Sars-CoV-2, Flu A, Flu B and respiratory syncytial virus from a single patient sample.

The Sunnyvale, Calif., molecular-diagnostics company said the Xpert Xpress SARS-CoV-2/Flu/RSV is designed for use on its more than 25,000 GeneXpert Systems in place around the world, with results expected in as little as 35 minutes.

Cepheid said the test will aid global efforts in the fight against Covid-19 during the upcoming respiratory virus season, as all four infections have similar patient presentations but different treatment and management pathways, making accurate detection and differentiation critical.

Cepheid said it will pursue U.S. Food and Drug Administration approval of the test under the agency's emergency use authorization pathway.



Write to Colin Kellaher at colin.kellaher@wsj.com



(END) Dow Jones Newswires

June 09, 2020 07:41 ET (11:41 GMT)
Posted at 17/4/2020 16:05 by bunz3
even now to watch number of buyers moving back into ncyt after shsre price drop
some exspecting rns soon
Posted at 01/7/2016 12:46 by charlie
Have received circular re proposed acquisition of Ora Limited from (mainly) Richard Griffiths, Rule 9 waiver, tender offer buyback at 1.31p.

Ora Limited is valued at £6.1m (full net asset value)

Acquisition to be paid for by issuing Sarossa shares at 1.31p. This is half net asset value!!

I think this is very poor price for independent shareholders. I will vote against.
Posted at 19/11/2015 11:44 by johnsmith321
Hi Hlp_4U,
I agree with you a revaluation is needed as SLN has halved in price since the last annual report. They bought £4M of SLN at 200p, then 300K at 240p. PHC is down 20%. GVC is also down. I think more than a £2M loss will be seen in the P+L unfortunately. I guess they may need to do more buybacks this years otherwise the NAV per share will be way down as well.

GVC will go back to 450p once the overhang of people who do not like the merger/dividend holiday go. The same thing happened at Optimal payments. Once the merger is completed, it will lead to a improvement in price as will the move to the main market.

How low (1.5p) are the BOD going to let Sarossa go before they do something. The original Sarossa cornerstone investors are way down. They need to bring in another cornerstone investor to hover up the overhang in shares otherwise this will continue down. In Adams plc, cornerston investors own 89.6%. I think they should have the same arrangement.
Posted at 22/10/2015 16:05 by johnsmith321
David H Richardson, who was also a director and now major investor in Adam plc has now increased his stake here (4.04%). He clearly has a positive opinion of what can happen in a small investment company with 4 years of rising profits, EPS and NAV per share.

Lets hope we see 2.4p soon.
Posted at 16/10/2015 11:36 by johnsmith321
Hi guys,
The largest shareholder Richard Griffiths acquired his stake in Sarossa at average price of about 2.4p in 2011 from my caculation. That puts his holding underwater.

I am wondering why he has not forced the price up (by restricting stock) to at least break even level by now. At 2.4p any stock buybacks they want to do would still be at a big discount to NAV.

Why do you think the stock price has stayed so low?
Posted at 02/10/2015 11:50 by johnsmith321
SARS price ticking up to 1.8p. With only 100M shares. I agree that NAV is down at the moment, but I think PHC and SLN will go back up to 100p and 300p soon.

No yield for GVC for the first year as with the last acquisition. The acquisition should stop GVC being dependent on any single source for more 10% earnings. In addition the move up to the main market should be positive for the share price. They also promised to maintain same rate of dividend once acquisition is completed.
Posted at 29/9/2015 22:13 by callumross
A good move, the cancellation of the prefs, John. NAV probably down a bit and just a little above 3p now due to PHC and SLN falling back a bit. Not so sure as you about GVC further investment John as no yield on GVC for a year to help pay for their big acquisition and they are subscribing at 422p which is a touch above current GVC price. Guess we'll just have to trust that they have got this investment decision right!
Posted at 29/9/2015 19:39 by johnsmith321
Hi Callumross,

Getting rid of the Abbvie pref shares made sense. As you say, they just cloud the investment picture.

NAV up, investments up and profits up (if you exclude the one of Biotech legacy refund). Yet the share price has not moved. There must be a large share overhang. I do not care how they do it, but they should get the share price to 2p at least (as NAV per share is 3.35p). Perhaps they need to consolidate the shares 1:100 and get away from the penny share label.

I like their follow on GVC investment (10% yield) should help to keep the NAV increasing year on year.
Posted at 20/5/2015 16:29 by johnsmith321
Lets hope the next 48m shares does something to the share price :). They still have some cash. So they can continue buying back more shares. At some point the share price has to move.
Sarossa share price data is direct from the London Stock Exchange

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