Cytomyx Share Discussion Threads

[ozgem] 12/1/2004 15:21

I agree ziny.Call it just a gut feeling but i think consolidation could be a good move for these guy's.41mil tightly held shares would certainly have to have some effect on the price.

[zinyowem] 12/1/2004 15:14

With 41,792,358 in issue things get interesting as far as i can see. Only as long as they don't dilute shares to purchase more companies very soon. Any major buying could have a good effect. All imho....fingers crossed for tomorrow and Good Luck to us all.

[ynotna] 12/1/2004 15:04

this annuncement has just been made .

Cytomyx Holdings Plc

Result of Extraordinary General Meeting

At the Extraordinary General Meeting of Cytomyx Holdings Plc ("the Company")
held today, all of the resolutions proposed were passed.

The 25 for 1 consolidation of the ordinary shares will take effect from the
close of business today. Accordingly, the consolidated ordinary shares of 2.5p
each, including the new ordinary shares being issued as initial consideration
for the acquisition of Clinomics Biosciences, Inc. and pursuant to the placing
to raise £1,915,000, both as announced on 15 December 2003, will be admitted to
trading on AIM with effect from tomorrow, 13 January 2004.

At admission there will be 41,792,358 ordinary shares of 2.5p each in issue.


This information is provided by RNS
The company news service from the London Stock Exchange
END

[ynotna] 12/1/2004 15:01

the shares will trade in consolidated form tomorrow i believe

[zinyowem] 12/1/2004 14:40

Fingers crossed. No nails left to bite. When is the meeting over?

[ynotna] 12/1/2004 12:38

hopefully we might see some research published once consoldation is out of the way. i am no expert on companies in this area but it would seem that the recent excitement has been generated by the acquisition of Clinomics announced in december and the resulting likely move into profitability.

my understanding is that market estimates are for breakeven in the current financial year to september 2004 and for around £1 million the year after.....so a p/e of about 11x.

comparable companies in the UK are hard to find but in the US such companies trade on p/e s ranging from around 15x for companies who have been historically profitable to maybe twice that for companies that are turning the corner into profitability.

investing in companies in this field carry much higher risk than those in more established sectors so please please please, no one rely on any of the numbers above regarding profit estimates.....DYOR (underlined and in big bold font) ..... for those with an appetite for risk, though, the shares look set to move on once consolidated.

[ozgem] 12/1/2004 11:42

Sure am Zinyowem.I am hoping there are buyers waitng for the consolidation to buy in following those results and latest aquisition.The worst case scenario I think will be a slip back for small time period and then solid gains.
But hoping for solid gains from the start.Should get RNS this afternoon re the meeting.

[danielk] 12/1/2004 11:35

37.5p? consolodation

i used to have a sub 1p holding on this but sold our through sheer boredom

what on earth has happened?

[zinyowem] 12/1/2004 11:32

Anyone else feeling on edge about tomorrow?

[ozgem] 09/1/2004 15:15

Next tuesday consolidation day.Will be interesting to see where it goes from there.Looks like we will be starting at about 37.5p as things have steadied and that should be about it.

[hightone] 06/1/2004 21:42

Hi all i tipped my toe in today got in at 1.59 not bad i suppose we are in a niche market here are we not ?? who are our competotors i know we have being on the buyying streak with any begging with C LOL

cheers.

HT.

[bingobarnes] 06/1/2004 15:45

Cheers guys! May well join you and grab some more. Bought approx £37k at 1.6. If I can get nearer to the 1.45 you paid today I'll be very happy!

Good luck

[zinyowem] 06/1/2004 15:30

Yup use comdirect. Been waiting ages as didn't want to pay 1.7...happy.

[boadicea] 06/1/2004 15:04

ziny - You done good boy ...and it's showing as a sell!

bingo - The only way to get a grip on the spread is to use quote-and-deal and make sure you get well inside the 'yellow strip'(as I assume ziny did), or else wait a bit and try again. Com-direct and Barclays both work quite well for me.

Wrt consolidation effects on spreads etc, I'm afraid the improvement, if any, is likely to be marginal as it will remain an AIM stock unless a main market listing is granted.
The perceived spread is a function of the number of mm's in the stock and how much their quotes differ. The official published quote and spread is based on the highest of the bids and the lowest of the offers. So, if all mm's agree on price, then the spread is at its widest but if they disagree significantly, it can almost disappear. The spread of each individual mm may well remain around 20%. A larger issue/more liquidity might result in a spread reduction but I have no idea what formula is used to fix the spread.

[bingobarnes] 06/1/2004 14:16

Only just recently started following this share since the two articles in Shares Magazine a while back.

The spread is a whopping 18%. Would I be right in assuming that the spread will come down considerably following the 1 for 25 consolidation?

If so I guess I have to work out whether the increase in share price before consolidation (if any) will be greater than the % of spread saved by waiting till after consolidation. Anyone who's been following this longer got any views this?

Regards

Bingo

[zinyowem] 06/1/2004 13:47

Happy now. Topped up with 37500 shares @ 1.45p. Amazing i got that...took it anyway. Back onto top shelf now, unless i get it cheaper than 1.45. Role on consolidation. Fingers crossed and good luck to all.

[james t kirk] 02/1/2004 14:44

I think a couple of the 1.7p trades may be sells as the bid touched there earlier. In particular the 1mill looks like a sell, which probably forced the bid back down.

Smaller investors still buying steadily, we're still moving in a very nice northwards motion.

[ozgem] 02/1/2004 14:10

your not wrong James.I have it over 5mil buy's to just under 200k sells.
someone is showing a lot of interest in these.

[james t kirk] 02/1/2004 10:53

There's the reason for the continued rise, a very nice 975k buy delayed. Still very little selling so far.

[james t kirk] 02/1/2004 10:09

ozgem, yes correct, you will automatically see your holding reduce to 1/25th in number of shares so 25000 shares becomes 1000 new shares.

Out of interest I have just looked at trades since Xmas and at a very rough guess the buys are 4.7m shares and the sells 1.8m. This is still small change when there are 695m shares currently but shows the heavy weighting towards buys.

With all the aquisitions last year and the current one, Cytomyx is becoming a major player and is receiving a good re-rating. I personally can't belive PRM's share price and valuation which seems like fantasy time. With CYX valued at 11.5m which will become 15m soon after the double placing, there could be huge upside. And don't forget this has products which sell and make a profit, so it's a different league to PRM.

[czar] 02/1/2004 10:07

A couple of things are happening here, firstly the enlarged group is expected to start to make serious profits, although i can't find any recent forecasts, and secondly the larger market cap and consolidation out of the penny share level is designed to attract institutional investors. A biotech that can make money and may be on a single figure pe will be extremely attractive. I found it very encouraging that they had no trouble placing 200m shares at 1.25p even though the price was down at 1.1p, you have to assume these people did their research, at least they will know more than us. You don't hear the term "ten bagger" these days but this could just be one, even a five bagger would be great.

[ozgem] 02/1/2004 10:00

So James what you are saying is that if consolidation takes place on the 13th of Jan you will receive 1 for 25 as of finish of play on the 12th of Jan?

[zinyowem] 02/1/2004 09:59

Well said guys. Lets see @ consolidation time where we all stand. Fingers crossed.

[james t kirk] 02/1/2004 09:56

ozgem, The price will not be 31.25p, except for the new shares placed, which are always at a discount to current price. Those that bought at 31.25p will receive an instant profit of 30% plus that day.

At the end of the day the price is rising because people are buying, which has to be a good sign.