Arix Bioscience Share Discussion Threads

[gemlotte55] 28/11/2019 14:16

is there still a over hang on these shares with Woodford having to dispose

[the shuffle man] 06/11/2019 12:09

Autolus shares are starting to recover so hopefully we will also see a pop in the NAV.

[nchanning] 06/11/2019 11:52

News reports suggesting Woodford stake in Arix close to being sold to a hedge fund as part of a bundle of his illiquid life sciences holdings . Expect a sharp pop as soon as overhang officially cleared

[hashertu] 23/10/2019 14:38

Does ARIX have the means, or authority, to buy back its shares from Woodford/Blackrock?
If they believe the company is significantly undervalued at this share price, it might make some sense to do so.

[newtothisgame3] 20/10/2019 15:40

#HVO Equity Income Fund was suspended in June. Companies such as #Tissue #Regenix, #Synairgen, #Arix ... via @ThisIsMoney

[rambutan2] 17/10/2019 18:53

Re WIM. ARIX is a cert for the non liquid pot!

What happens next?

FCA rules mean investors must be given three months’ notice before a fund can be wound up. So the process of liquidating the fund will begin on 17 January 2020.

In the meantime, Link has divided the Equity Income Fund into two parts. The first contains listed assets that can easily be traded. These will be taken over by US investment giant Blackrock.

Blackrock will sell these shares and switch the money into money market funds and FTSE 100 index securities, ahead of liquidation. The remainder of the Equity Income Fund consists of unlisted and hard-to-sell listed assets. These are being handled by a specialist adviser (Park Hill - ) who will work to find buyers for these assets.

After 17 January, Blackrock will liquidate its part of the portfolio. The cash will be returned to shareholders — Link says it hopes to make the first payment by the end of January. Further payments will be made when possible, after the deduction of fees incurred in the liquidation of the fund.

If you’re an investor in the Woodford Equity Income Fund, you should receive a letter from Link Fund Solutions with more details. The liquidation will apply to all investors in the fund.

[dave4545] 17/10/2019 13:53

Looks like a certain "Link Fund Solutions" has took out Woodford entire remaining
holding.

[the shuffle man] 15/10/2019 21:20

Cheers Ram should have looked a bit closer. Hopefully Blackrock will shift them quickly.

[rambutan2] 15/10/2019 20:47

The rns is not for a sale but due to fact that WIM sacked/resigned as manager. The stake remains in the fund/s, unfortunately.

[the shuffle man] 15/10/2019 16:11

Hopefully this will recover now, discount is too large.

[stevenb3] 15/10/2019 15:34

Looks like a placement has been completed as Woodford stake is now less than 5%. Just bought a few more.

[the shuffle man] 15/10/2019 09:44

Looks like the Woodford Fund is being wound up and cash will be returned to investors. Hopefully they already have a buyer lined up for their stake here otherwise a big overhang. I assume this is why the price has been so weak recently and surely represents a buying opportunity.

[tim000] 13/9/2019 16:23

Autolus continues to recover. I estimate NAV currently around £1.73, so the current share price is at a discount of around 30% of NAV.

[tim000] 10/9/2019 08:30

Autolus rose further yesterday, if a more muted increase than the previous two days. Looking through the portfolio, there is lots of important news in the pipeline, including various Phase 3 trials reporting over the next 3-6 months. ARIX reports 28 clinical trials are in progress across the portfolio.

[tim000] 09/9/2019 14:00

That would certainly help, but I don’t think it essential. I think the ARIX team are pretty good scientists and hopefully have invested wisely. So there should be plenty of upside over the medium term from companies like Autolus, irrespective of what Woodford does. Indeed, if you go through the portfolio company by company, the listed ones to date have generally shown good capital appreciation so far.

[the shuffle man] 09/9/2019 13:49

Thanks so Woodford just needs to offload his stake in Arix now and we should fly !

[tim000] 09/9/2019 10:13

Shuffle Man, see link below:

hxxps://www.proactiveinvestors.co.uk/companies/news/902235/arix-jumps-as-woodford-finally-sells-stake-in-autolus-therapeutics-902235.html

[the shuffle man] 09/9/2019 09:52

Thanks Tim

I took a holding on Friday.

Do you think Woodford has sold a lot more of his holding here. The last RNS from 8th July still shows he has 19%.

[tim000] 09/9/2019 09:21

I've been a buyer today. I agree, they look incredibly cheap. If one strips out their uncommitted cash, the shares are currently trading at a discount of over 40 % to NAV of the portfolio. The true discount is a lot larger, since Autolus (which currently accounts for 17% of total NAV) has been hammered by factors unrelated to its underlying value - namely Woodford, who has now sold much of his holding. You've probably noticed that Autolus has risen about 40% in the past two days, I expect that to continue as it's currently trading at a 40% discount to its latest capital raise. Were the Autolus share price to return to that level, ARIX's NAV would increase by 20p per share. Finally, over half of ARIX's portfolio is located in the US and is valued in $. So future sterling weakness against the $ (which seems likely) will further increase ARIX's NAV.

[the shuffle man] 06/9/2019 10:45

Been following for a while. They look cheap with a big discount to NAV and problems at Autolus seem to be getting better with the shares up 20% last night.

Any views please.

[typo56] 14/8/2019 15:02

Woodford dump underway? Short attack?

[rambutan2] 08/6/2019 20:38

Yes x2 ie WIM’s large direct stake in ARIX, and also the plummet in AUTL’s share price due to WIM’s large stake in that, which is of course ARIX’s largest holding.

And on top of that, who read the AGM voting rns? The greedy management are hopefully going to start pruning their pay!

[chesil356] 04/6/2019 10:28

Looks like the Woodford issues are having an effect here?

[ltinvestor] 04/4/2019 07:34

Rambutan.Do you not agree that the AUTO1 results were excellent?I have posted on Advfn Syncona thread and also Lse but with no response.It really beggars belief!!