Indivior Share Discussion Threads

[rmart] 10/4/2019 13:31

All the panic babies have gone

[tsmith2] 10/4/2019 13:28

5.4mn buy at 12:02 at 29.9p just reported!

[tsmith2] 10/4/2019 13:26

L2 turning. small buys are moving it up nicely and less sell volume.I said between RB and INDV they've already provided $900mn and this strikes me as Trump style opening salvo.

[the canadian mounted] 10/4/2019 13:23

Agreed 👍🏽

[lw425] 10/4/2019 13:15

Fair price today when the dust settles

55p - 60p.

[sarkasm] 10/4/2019 13:12

Reckitt Benckiser Group PLC (RB.LN) on Wednesday disassociated itself from its former business Indivior PLC (INDV.LN) after the latter was hit with charges brought by U.S. prosecutors.

Indivior, a Reckitt spinoff that manufactures drugs to treat opioid addiction, is accused of using fraudulent methods to increase sales. FTSE 250-listed Indivior maintains that the accusations relate to events that occurred while it was still part of its former parent company.

Reckitt, in turn, notes that the indictment wasn't brought against it, but against Indivior.

"We currently have no additional or new information in respect of this matter, apart from what has been publicly issued by the Department of Justice and Indivior Plc," Reckitt said.

The FTSE 100-listed company said it has already recognized a $400 million provision relating to the case in its 2018 accounts.

In the indictment, the U.S. Justice Department accused Indivior of setting up a telephone and online program intended to connect callers with doctors that Indivior knew were prescribing Suboxone or opioids in a "careless and clinically unwarranted manner."

The Justice Department is seeking at least $3 billion and control of other property from Indivior. The drug-maker, which became a standalone business in 2014, denied the charges.

Shares of Reckitt Benckiser at 1005 GMT were down 6.3%, while Indivior's plummeted 76%.



--Maria Armental contributed to this story.



Write to Carlo Martuscelli at [e-mail]



(END) Dow Jones Newswires

April 10, 2019 06:21 ET (10:21 GMT)

[tsmith2] 10/4/2019 13:08

can you let us have link

[the canadian mounted] 10/4/2019 13:05

Ridiculous share price,rebound will be massive

[urbanvoltage] 10/4/2019 13:03

Cash and cash equivalents at the end
of the year 2018 were $924m, an increase
of $61m versus 2017 of $863m.
Borrowings, net of issuance costs,
were $241m at the end of the year
(2017: $482m), primarily reflecting the
impact of the voluntary prepayments
of $235m of outstanding term loan
principal in the year. As a result, net
cash stood at $681m at year end
(2017: $376), a $305m improvement
in the year

[tsmith2] 10/4/2019 12:54

I think this is where we are..think we'll get a very decent rebound in the afternoon

[the canadian mounted] 10/4/2019 12:54

Buywell goodbye!

[letmepass] 10/4/2019 12:49

Some nice shorts closing

[sarkasm] 10/4/2019 12:47

sarkasm
10 Apr '19 - 12:24 - 479 of 489 Edit
0 0 0
Price (GBX) 21.93 Var % (+/-) -79.30% (Down -84.02)



no big turnaround as yet but going in right direction



Price (GBX) 24.23 Var % (+/-) -77.13% (Down -81.72)

[tsmith2] 10/4/2019 12:46

4.5 hrs of selling pressure beginning to ease with L2 firming up for the first time this morning. Bounce could well be spectacular.

[blackbear] 10/4/2019 12:38

Not guilty fill ya boots

[letmepass] 10/4/2019 12:36

Shorts closing time to get in

[sarkasm] 10/4/2019 12:36

Should you not be mentioning net cash not gross



Cash PS 99.49 p
Net Cash PS 11.41 p
Net Tangible Asset Value PS * -1.94 p
Net Asset Value PS 7.11 p

* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.



letmepass
10 Apr '19 - 12:31 - 483 of 484
0 0 0
3 times as much cash as mcap.. Over sold

[lionheart69uk1] 10/4/2019 12:33

Indivior have just issued an eight page rebuttal explaining that the charges are misdirected and will be challenged. They have already set aside ample funds to fight the case. Wait and see, 55p by the end of the month.

[letmepass] 10/4/2019 12:31

3 times as much cash as mcap.. Over sold

[dansaunders25] 10/4/2019 12:30

Looks interesting due to the boards seeming confidence of a legal victory. Already $450mn provision in accounts. DOJ say $3bn which is a nonsense figure.Like T Clarke says RB are saying they are uninvolved but also already have a $400mn provision in the accounts... if it ends up anywhere near or over a $1bn that's big trouble. But are there serious chances of that happening? Can't see it...Last Time I followed a company with a legal battle that dwarfed operations it was Augean. Also a historical dispute relating to tax treatment. Dropped from 55p to near 20p when they first got charged, now it's at 100p+. I didn't have courage then and now wish I had. They were so certain they were right (just like Indivior board now) and I was too. But I still didn't buy the damn shares!Not so sure Indivior can get off as lightly as Augean did, because I was sure Augean were right in their tax treatment. Need to do more research into the background of this case, whether there is any significant evidence.

[letmepass] 10/4/2019 12:28

Shorts closing.. Tume to get your monies back

[the canadian mounted] 10/4/2019 12:25

Only for investors who know what they are doing (buywell excluded)

[sarkasm] 10/4/2019 12:24

Price (GBX) 21.93 Var % (+/-) -79.30% (Down -84.02)

[letmepass] 10/4/2019 12:20

Tomorrow over 60p..easy man