Maxcyte Share Discussion Threads

[trickydicky1] 08/10/2021 10:48

That’s the $100b question!

[trident5] 08/10/2021 10:04

Is this stumble confined to the Allogene therapy or does it have read across to the other partnerships?

[shstt1] 07/10/2021 23:40

Bad news. Looks like we’re in for a rough Friday.

After hrs tumble


For ref;

[assagai] 07/10/2021 23:37

Both Allogene and Maxcyte recovering, somewhat.....

[nimbo1] 07/10/2021 22:02

Bad news! Mxct down heavily after hours in US

[edwardt] 06/10/2021 15:50

fca should do something about it but it is a open secret price gauging that the platforms get away with. disgusting.

[trident5] 06/10/2021 12:20

Yes. And that's why, if you hold shares in an ISA, in overseas companies - each trade is converted back to GBP and then back to the overseas currency.

Sell Microsoft and buy Apple in an ISA and your Microsoft proceeds convert to GBP and then back to USD to buy Apple. It's a blatant rip off.

[edwardt] 06/10/2021 12:12

aj bell are being greedy - look at their fx rates as a reason for this.

[spittingbarrel] 06/10/2021 11:12

I have accounts with AJ Bell and iDealing. Lucky for me my MXCT are held with iDealing and no problems dealing with them online.

[trident5] 05/10/2021 16:15

So much for the narrative that the yanks are happy to pay more for shares in these companies.

[trident5] 05/10/2021 14:52

And they're all busy selling, too.

[adamb1978] 05/10/2021 14:18

From what I can see, last 3 month average volumes:

- US: 669k shares
- AIM: 155k shares

So there's certainly more volume being traded in the US and more than 4:1 ratio. It always felt like the AIM-listing was likely to be axed at some point and if this ratio becomes more one-sided, I think it will be brought forward

[rgmgo] 05/10/2021 13:36

IG Markets trade in the London line and I believe have been quite active on it

[jitters3] 05/10/2021 11:29

I have a account with Halifax share dealing because of AJB I trade MXCT and JSE on there if that helps

[thetrotsky] 05/10/2021 10:50

Can anybody suggest an alternative broker to AJ Bell. The more I think about it the more incensed I am by their action. I have sent them messages this morning to advise that I am now looking to move my accounts elsewhere. How dare they stop trading on the UK market without any warning! Maxcyte have not applied to de-list in the UK (as yet) and as such AJ Bell's move is totally arbitrary and is no way beneficial to me

[assagai] 05/10/2021 10:49

Charles Stanley...

[thetrotsky] 05/10/2021 10:26

I have to say that this is a very bizarre move by AJ Bell and also very detrimental. Personally, I am unhappy to place my (advance) orders over the phone to trade in a window that tends to be to the downside (the US market often trades down to start and then rises towards the end of the session from what I've seen). AJ Bell are throwing us to the wolves and if they are unwilling to provide online trading during from open to close in the US then I will be looking to take my accounts elsewhere.

[lancasterbomber] 04/10/2021 16:48

I was just going to post the same.
I sent them a secure message on Friday because I thought there was an error since the share price was quoted in dollars, even though ADVFN were quoting in dollars.

You have missed off your note the sting in the tail you can only deal by phone and during the hours of 2.30pm and 5pm.


Letter from AJB

Good afternoon,



I’m writing to let you know about a change in dealing arrangements for MaxCyte Inc.



MaxCyte Inc is a US security that is traded on the UK AIM market via a Depositary Interest (DI) and on the US Nasdaq exchange.



To date we have offered online dealing in the UK DI based listing, however there are now substantially greater volumes of shares traded each day on the US Nasdaq exchange.



This increased liquidity means better price outcomes can be obtained by trading directly on the US exchange, even allowing for foreign exchange currency conversion costs.



To ensure we continue to obtain the best prices for our customers in this security we have now moved all trading to the US exchange.



Please note however that currently there is no online or mobile app dealing available for the US exchange listing and any orders you place with us can only be placed by calling us on 0345 54 32 600 between 2.30pm and 5pm.



Phone orders will be charged at our standard online dealing rate, however our foreign exchange charge will apply, please see here for full details.



If you have any questions relating to this change please contact us at [e-mail]

[adamb1978] 04/10/2021 16:42

Interesting. I just received this from AJ Bell:

Good afternoon,



I’m writing to let you know about a change in dealing arrangements for MaxCyte Inc.

MaxCyte Inc is a US security that is traded on the UK AIM market via a Depositary Interest (DI) and on the US Nasdaq exchange.

To date we have offered online dealing in the UK DI based listing, however there are now substantially greater volumes of shares traded each day on the US Nasdaq exchange.

This increased liquidity means better price outcomes can be obtained by trading directly on the US exchange, even allowing for foreign exchange currency conversion costs.

To ensure we continue to obtain the best prices for our customers in this security we have now moved all trading to the US exchange."

[trident5] 02/10/2021 10:52

But he will continue to provide consulting services. Which seems a little un-non-executive, unless he's consulting on the Chair's role - which will hardly endear the position to a new incumbent.

[davep4] 02/10/2021 00:45

The Chairman was 80 this year, so I think he deserves a rest!

[edwardt] 01/10/2021 16:55

Going to raid the piggy bank next week for a few. Been a hell of a ride but this bump in the road has made me greedy for a few more