Ip Share Discussion Threads

[bamboo2] 21/12/2023 13:48

Management here like to claim the moral high ground with regard to the companies ESG credentials. Yet when it comes to an equitable balance between shareholder's interests [share price] and management incentives [nav], the fairness that is the essence of any good ESG policy is completely absent.

Shareholders, as owners of the capital of company, have as much right to be treated with respect, as any other group.

The CEO and CFO have a duty of care towards us, and they are currently failing in this regard.

[bamboo2] 21/12/2023 13:34

In a similar pickle to IPO Group, Polar Capital Technology Trust Plc, Scottish Mortgage Investment Trust, and Schroders Capital Global Innovation are all focussed on buy-backs.

[p1nkfish] 21/12/2023 13:21

One year it will be, very frustrating. You've probably joined at a decent time. Still have a 150p target as a staging post and still believe the overall shape of price recovery is intact.

I'm not against the buyback as no one else will pick up the slack and the discount to current NAV is attractive and even more so if NAV responds as some holdings become more mature.

[bagpuss67] 21/12/2023 11:52

Morning all. Just made an initial purchase of c20k shares. I'm hoping that 2024 is a better year for private companies and the sectors IP is invested in.

[palisz] 21/12/2023 09:02

The hope is volume picks up in the New Year, as we approach final figs.
Or they realise how long it will take and up the ratio to 15%
I don't know the rules on this, I'm sure someone here does.

[palisz] 21/12/2023 08:56

regarding the share buyback, they are using a simple volume weighted algo.
Based off 10% of volume excluding auctions. If volume excluding auctions averages 1 to 1.2m shares a day. Then they buy 100-120k, or £70,000 worth, really slow.
At £70k per day, it will take 285 trading days, or 13 months to complete...with a report every day! Jeeze!! Couldn't have been a smaller number if they tried. Numis must be yawning already.

[brucie5] 20/12/2023 11:42

Chart has turned bullish on this first time in over two years. And I see Oak Bloke has started coverage. Worth watching.

[p1nkfish] 20/12/2023 08:44

I'm clueless, in react rather than predict frame of mind.

GLA.

[palisz] 20/12/2023 08:28

Unbelievable yes, but in reality, having been around a few decades, not a surprise.
There's always someone who manages to get the nod.
So, year end approaches, no further announcements likely. What will the NAV be at year end?
Suggestions please!
My thoughts. At end 2022 was 132.9, in July 2023 was 126.7p.
Since then there have been very few funding rounds and in July company said 86% of funding was at or above previous rounds. The listed portfolio barely exists. ONT is down about £10m or 1p off the NAV..
IPO is, after this rally, unchanged.
The company could use the opportunity to take the knife to a few Zombies, but who knows...this will be very interesting.

[jaf111] 18/12/2023 09:15

Spot on palisz….truly unbelievable!

[palisz] 18/12/2023 08:33

Lucky buyer of the 5.7m shares at 46p last week, purely coincidental. No insider trading going on here. No, no, no...BS

[palisz] 18/12/2023 07:35

Realisations of £38m, So even with the share buyback the dividend, which costs £13m a year, would still be covered by this. . And still leave £200m in the bank, sitting there for nearly two years doing nothing, but earning hopefully 5%
Who ever came up with this totally does not understand markets...staggering

[palisz] 18/12/2023 07:26

HO, HO, HO.....oooo jeeze
Company announces £20m share buyback.... about time. But kick in the tail, suspends dividend...Morons unite!
Having been asking for over year, since stock first hit 52p, the management have responded...and suspended the divi, with £235m in cash... WTF
Need to read full details...but the advice this company gets is pitiful.
Should get a further bounce...be interesting to see if it can last.
Really lost for words, many funds comingled, growth or income buy stocks for the divi, no divi means some must sell...

[palisz] 12/12/2023 17:04

Diffblue, creators of the world’s first fully autonomous AI-for-code software, today announced the closing of a strategic investment from Citi Institutional Strategic Investments. Diffblue’s solution, Diffblue Cover fully automates the writing of Java unit test code, which allows customers to ship higher quality software faster, with lower risk.

(Before this IPO had 29.5% stake.. no info given on size of investment, dilution etc..) Not exactly an informative helpful release.

But would guess a jump in the valuation...so probably good news

[bjfanc] 09/12/2023 21:32

No incentive for the management to revalue unlisted companies.Even though the market has already done this through the share price.

[palisz] 09/12/2023 16:36

As the lack of responses suggests...not a lot.
Worth pointing out yesterdays volume.. was one big trade of nearly 5.7m shares
at 46.20p at 10.37am... after which the stock popped. Possibly a seller being finished by trader buying out balance. if so could bounce a bit further.
Company year end fast approaching, may get a trading update, but with this management don't hold your breath, news has been pretty limited.
Obviously the next NAV will be pivotal, question is will it be believable.
NAV's are historically for the unlisted companies based off last funding round, but with hardly any financings this year and the private equity market in turmoil the company needs to re-think this one. Otherwise meaningless.
I'm also interested on the cash pile, sitting on £250m for two years, it should now be earning a decent return, if it's being actively managed.
I'm sure others will add comments.

[moontheloon] 07/12/2023 13:20

What's occurring here .. difficult to keep track with portfolio companies?; reason for drop?

[bamboo2] 16/11/2023 18:11

IBEX Innovations - IBEX Bone Health Powers DensityScan, a Revolution in Osteoporosis Screening

16 Nov 2023

Every routine X-ray will become an opportunity for automated osteoporosis screening, addressing a widespread healthcare need.
IBEX Innovations Ltd. announce the integration of IBEX Bone Health software which will power Agfa’s DensityScan™, revolutionizing osteoporosis screening.
Routine access to osteoporosis screening from a simple X-ray is set to be a game-changer for clinicians and patients
Working together to Revolutionize Osteoporosis Screening

IBEX Innovations Ltd., a pioneering force in medical X-ray technology, proudly announces a major milestone as it integrates the IBEX Bone Health (BH) technology into DensityScan™, an advanced AI-driven workflow for Agfa Radiology Solutions DR X-ray equipment. This groundbreaking solution is poised to reshape the landscape of osteoporosis screening by offering automatic detection from routine X-ray images, providing a cost-effective and accessible solution for healthcare professionals and patients.

DensityScan™, powered by IBEX BH, takes center stage in addressing the critical need for osteoporosis screening, enabling earlier detection, diagnosis, and treatment of this condition. By harnessing the capabilities of IBEX BH, DensityScan™ measures subregional areal bone mineral density (aBMD) and estimates the T-score from wrist X-ray images. This technology provides earlier identification of osteoporosis, with the result automatically available to clinicians in secondary captures archived by the MUSICA workstation. This provides a valuable starting point for assessing fracture risk and initiating diagnosis or treatment.

Earlier Detection through Opportunistic Screening

Every compatible routine X-ray becomes an opportunity for automated osteoporosis screening, making DensityScan™ an invaluable tool for radiology. Osteoporosis is a widespread condition, impacting millions of patients each year with a significant portion going undiagnosed and untreated. Early detection is paramount, and DensityScan™ offers a cost-effective and easily accessible method of opportunistically screening patients from a wrist X-ray, already requested for other purposes.

A Game-Changer for Clinicians and Patients

IBEX CEO Paul Scott emphasizes the potential of this technology, stating, “Routine access to osteoporosis screening through a simple wrist X-ray offers a route to earlier and more widespread diagnosis of this silent, chronic disease.

“Diagnosis is the first step to change, and we are excited to be working with Agfa Radiology Solutions to put this technology into the hands of clinicians. Wrist X-rays are just the start, and we will be widening compatibility to screen even more patients in the future.”

Paul Danini, Global Software Marketing and Product Manager at Agfa Radiology Solutions, underlines the significance of DensityScan™ to Agfa’s vision: “DensityScan™ is a key part of Agfa's vision to transform radiology by bringing intelligent and definitive answers to patients through X-ray imaging. This will especially reduce the risk for women, half of whom will break a bone due to osteoporosis during their lifetime.”

IBEX Bone Health's integration into DensityScan™ signifies a pivotal shift in healthcare technology, and it stands as a testament to IBEX’s dedication to pushing the boundaries of innovation to improve patients' lives.

Experience the Future

Discover the power of IBEX Bone Health and DensityScan™ at RSNA 2023, Chicago, Illinois, from November 26th to 30th on IBEX booth #3279 and Agfa booth #2552

For more information, please visit our website at hxxps://ibexinnovations.co.uk/

Media Contact: Cassie Burgess-Rose, IBEX Innovations Ltd. [e-mail]

About IBEX Innovations Ltd.

IBEX Innovations Ltd. is at the forefront of medical X-ray analytics, driven by a bold vision to close the gap in osteoporosis diagnosis. Leveraging the power of IBEX BH software, we are dedicated to transforming every compatible X-ray into an opportunity to screen for osteoporosis and to reshape the landscape of osteoporosis screening.

Headquartered in Sedgefield, UK, IBEX is home to a dynamic and highly skilled team of scientists, mathematicians, and software engineers who are committed to enhancing healthcare through innovation.

[bamboo2] 15/11/2023 22:13

Abliva - Abliva and Owl Therapeutics enter into licensing and collaboration agreement for NeuroSTAT® in Traumatic Brain Injury
14 Nov 2023

Abliva AB (‘Abliva’; or the ‘Company’;) and US-based Owl Therapeutics today announced the signing of a licensing and collaboration agreement for Abliva’s NeuroSTAT® for the treatment of moderate to severe traumatic brain injury (TBI).

Under the agreement, Owl Therapeutics (San Antonio, Texas), a clinical-stage biopharmaceutical company focused on the development of diagnostic-powered therapeutics for traumatic brain injury (TBI) and brain health, will receive a global (excluding China and South Korea) license to develop, manufacture, and commercialize NeuroSTAT.

Under the terms of the agreement, Abliva is eligible to receive up to $43.65 million in milestones (excluding royalties), $1.15 million of which will be paid upon realization of specific clinical and regulatory milestones, with a further up to $42.5 million payable on achievement of commercial related milestones. In addition, Abliva is eligible for mid-single digit royalties (based on net sales) upon commercialization. Owl Therapeutics will be responsible for all costs associated with the development, manufacture, and commercialization of NeuroSTAT. Given the collaborative nature of the agreement, the Abliva team will remain involved in the program and will contribute to the operational and strategic elements of the program. Abliva will contribute by way of an agreed and time-limited commitment with respect to certain Abliva team members.

“NeuroSTAT has been an important asset at Abliva for many years, and we are delighted to have found the right partner to take this program through development and to patients throughout the world who suffer from TBI. We are pleased that this agreement ensures Abliva expertise will be available as Owl drives the program forward, as well as has the potential to provide significant economics to Abliva,” said Ellen Donnelly, CEO of Abliva.

"Abliva stands out as an exceptional partner for Owl Therapeutics, and we are excited to join forces in our collective commitment to advance NeuroSTAT," said William E. Haskins, Co-Founder and Chief Executive Officer of Gryphon Bio, which wholly owns Owl Therapeutics. "We are thrilled to focus our team's scientific, clinical, and business experience on this potentially game-changing treatment for military and civilian TBI patients."

TBI is a significant public health concern, affecting millions of individuals annually through accidents, falls, sports injuries and military combat. TBI occurs when a sudden external force or impact to the head disrupts normal brain function, leading to a wide range of cognitive, physical, and emotional symptoms. The far-reaching impact of TBI extends beyond the individual patient, exerting a substantial economic burden on healthcare systems and society. Additionally, the emotional and financial toll on affected individuals and their families underscores the pressing need for continued research and advancements in TBI prevention, diagnosis, and treatment. Efforts in this direction are crucial to not only improve patient outcomes but also alleviate the socioeconomic consequences of this complex and pervasive health issue.

[bamboo2] 14/11/2023 15:31

FOR RELEASE ON 14 November 2023

Portfolio company Autifony signs global licencing deal worth up to $770m with Nasdaq's Jazz Pharmaceuticals

IP Group plc (LSE: IPO) ("IP Group" or "the Group"), which invests in breakthrough science and innovation companies with the potential to create a better future for all, is pleased to note that Autifony Therapeutics Ltd ("Autifony" or "the Company") has entered into an exclusive global licensing agreement with Nasdaq-listed Jazz Pharmaceuticals plc ("Jazz"). Through the agreement, Autifony, which is pioneering the development of novel pharmaceutical treatments for rare CNS disorders and other serious brain diseases, will discover and develop drug candidates targeting two different ion channel targets associated with neurological disorders.

Under the terms of the agreement, Autifony will receive an upfront payment from Jazz and is eligible to receive development, regulatory and commercial milestone payments across the two programmes. The upfront and milestone payments have a combined total value of up to $770m. Autifony is also eligible to receive tiered royalties on future net sales.

Autifony will lead drug discovery and preclinical development activities on the two targets. Subsequent to successful completion of such preclinical development, Jazz will lead all clinical development, manufacturing and regulatory activities and commercialisation.

IP Group has an undiluted beneficial holding in Autifony of 26.3%, valued at GBP4.6m. The directors will review the carrying value of Autifony, as usual, as part of the Group's Annual Results for 2023 in light of this transaction and all other relevant information. The directors currently anticipate a fair value gain of approximately GBP5m.

[bamboo2] 13/11/2023 08:16

Re the second link in post 2845, and chart in 2846, the valuation of some of the co's in the p/f such as CARM are evidently doing quite badly.

There are however a few unlisted co's that appear to be doing okay.

[bamboo2] 12/11/2023 19:39

Carisma Therapeutics, a company focused on developing novel cancer immunotherapies, completed the merger with Sesen Bio and commenced trading on the NASDAQ market under the symbol CARM.

Carisma Therapeutics, Inc. Cancer immunotherapy treatments £10.9m [30/6/2023]

[bamboo2] 09/11/2023 22:54

Bringing in a few documents.



Half-yearly results 2 August 2023