Arix Bioscience Share Discussion Threads

[affemoose] 15/2/2024 10:05

My Arix stock now sits on my ISA platform as RTW. See you over there..

[boystown] 12/2/2024 15:45

Thanks rimau1

[rimau1] 12/2/2024 15:30

In theory yes, that is correct. Arix gets wound-up and the consideration shares are paid simultaneously 8am tomorrow. I guess there may be a time delay depending on your broker.

[boystown] 12/2/2024 15:13

Does "the admission of the Consideration Shares to the London Stock Exchange, will each take effect by 8:00 a.m. on 13 February 2024." mean our accounts are credited with the RTW shares tomorrow?

[makinbuks] 02/2/2024 09:44

Yes still a nice way in to RTW, which in itself is on an attractive discount. this may be a better year for Biotech in which case this will be a great way to play it

[jaf111] 01/2/2024 10:58

Indeed it should…. A bit of a bargain imo😂

[sophia1982] 01/2/2024 09:59

I am surprised at the spread. Should't this trade closer to £1.59 (1.46 times RTW stock)??

[hpcg] 29/1/2024 13:09

First meeting held and the deal comfortably approved.

[ohisay] 27/1/2024 00:42

“There have been 18 years with a positive initial start to the year out of the last 24,” Werber told Fierce Biotech in an interview yesterday. “And in 14 out of those 18 years—or 78% of cases—the sector ends up up for the year.”

[dekle] 26/1/2024 11:46

Although all the trades today are shown here as sells I think half are buys with just a 1p spread approx.

[makinbuks] 23/1/2024 10:37

I agree, there's clearly timing and currency risk but the closer 15th Feb gets the closer we will be to £1.60 and even then we can realise a 14% gain from today or hold on to RTW shares benefiting from this merger priced at a discount with their own NAV having just risen 15% in a month. Things can turn quickly but its all looking attractive for now

[jaf111] 23/1/2024 10:05

Nicely moving up….but surely further to go in run up to completion of deal with RTW which is scheduled for mid Feb

[rimau1] 22/1/2024 07:41

Good news this morning, RTW have completed the share purchase of Mertons 25% stake and are clearly so pleased with the transaction that they are setting aside an additional $20m for shareholder returns over and above the ongoing $10m share buyback

[referencepoint] 21/1/2024 11:59

Small write up in the Mail on Sunday suggesting it would be a good deal.

[hpcg] 20/1/2024 17:04

I've voted my HL shares in favour, will do the same with my Barclays if I am able. Surely everyone will vote in favour now? The offer has improved substantially with RTW NAV improvement, and also share price improvement. RTW has a lot of cash and is actively buying back shares, we bring even more cash, costs are better spread, biotech is not a sunset industry and has just been in a 2 year slump. Chocks away so far as I'm concerned.

[weatherman] 19/1/2024 07:18

ARIX reports NAV of 181p at end of Dec, now add on 8p to effectively 189p once deal goes through. A clear benefit to RTW if they get hold of ARIX.

[makinbuks] 15/1/2024 16:39

Yes added to my holding today

[rimau1] 15/1/2024 16:08

Yep, 20% (paper) upside still and minimal risk of deal not proceeding. This is why i topped up on the sale of Harpoon last week. Biotech could have a decent year.

[makinbuks] 15/1/2024 12:23

Yes 15% in a month! I'm beginning to wonder if our principal shareholder is regretting taking cash at £1.43 when we are now being offered £1.62. Of course we don't know the updated Arix NAV, perhaps £1.90?? This deal is starting to look much more attractive

[weatherman] 15/1/2024 08:11

RTW NAV $1.90 end of Dec, up from $1.65 previous month.

[makinbuks] 09/1/2024 13:18

RTW were already getting a great deal irrespective of the main shareholder taking cash matter. Unfortunately I can't see a point of leverage to get them to improve their offer to account for this

[frazboy] 09/1/2024 11:11

So, had there been no bid, that news would have been worth ~12p/share. Gives a little more share price support if the offer doesn’t go through.

[weatherman] 09/1/2024 10:10

Assuming institutions vote for it.