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NPH Neuropharm

11.50
0.00 (0.00%)
16 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Neuropharm LSE:NPH London Ordinary Share GB00B1NPJJ01 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 11.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 11.50 GBX

Neuropharm (NPH) Latest News

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Neuropharm (NPH) Discussions and Chat

Neuropharm Forums and Chat

Date Time Title Posts
22/7/201110:42Neuropharm - Significant Undervaluation3,446
29/3/200911:01Neuropharm Group247
18/2/200921:15NEUROPHARM GROUP - CHARTS AND DISCUSSION6

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Posted at 12/7/2011 18:24 by bingham4
The latter, unfortunately Muzoman (ie a little less than three tenths of one penny).

I held my shares direct in my own name, hence my early news. If wished it seems to me that it should be possible to claim a capital loss in the tax year to 5 April 2011 under the "negligible value" rules as the liquidators had indicated in February 2011 that the final payment would only be about £0.002 or two tenths of a penny per share which in the context of a £0.1 par value seems negligible by any measure. I am going to claim my capital loss for last year!
Posted at 12/7/2011 13:34 by muzoman
Thanks for that Bingham4. Much appreciated. But can you help me out here. The price you expressed is that just over 2p per share or is it £0.00267.

Thanks for any feedback.
Posted at 12/7/2011 13:15 by bingham4
To let you know that a final liquidation payment of 0.267p per share was made on 11 July, a little over the estimate of 0.2p per share.
Posted at 16/4/2011 11:51 by liarspoker
Fans of anomolities between the current share price and the delisting share price should look at JHL & DMG. Both share prices are trading lower than the take out price. You can place a lower offer in the case of JHL ( mine got filled at just over 76p ). The resolutions have passed for JHL but the EGM still has to be held for DMG. Profit margin is likely to be fairly small ( less than 10% for JHL and up to 20% for DGM ( as it carries the most risk at this stage until the resolution has been voted through ) so volume is needed.
Posted at 16/4/2011 11:00 by lombiff
Good morning muzoman

Unfortunately, it's an estimated 0.2p (£0.002) per share - still worth having -but they cannot confirm timing for this. The letter points out that they have paid out 13.65p per share so far, against an initial estimate of 13.23p. If you want a copy of the letter (it's a pdf so I can't cut and paste) let me know on here and I can e-mail it to you.

I ended about £35K down here but have made the loss back many times over. I too have RGM and RRR (I've been in RRR since 2.4p so I'm happy to let it run - I think it will be fine and will test 20p again this year, but I think RGM could be bigger if DNi is as good as they think). I've had LND and PGD for years and had begun to wonder if they would ever reach full value - at least PGD has finally moved to a new trading range and looks like it should be a good long-term hold now.

I've had a great run on CNR and SHG (both five baggers so far) and am letting them run for another 12-18 months, and probably longer. I also have a few other gold juniors including GGP, which I think is potentially massive, albeit with risks attached.

I am probably over-exposed to mining but am comfortable to let most positions run for the rest of this year as I think gold, silver and coal prices will continue to increase - I'm not so sure about nickel and uranium so watching those positions (including RGM) carefully.

I also have SEA, which is due news on disposal of the main business this month - I've had that for years and am still underwater - hopefully the news will give me an exit point.

I have just started to play with a few biotechs/small pharmas - I had SAR at 0.3p and sold 10% at 3p so the rest are on a free run, and I'm building positions in a few others.

I looked at SOU about six months ago but decided not to get any - doh!

Glad it's working out for you - good luck with the portfolio.

All the best
Posted at 24/3/2011 19:28 by lombiff
muzoman - still no payment from Barclays - they have told me they spoke with the administrators and that a payment would be coming, but that was about four weeks ago. Will be chasing again in the morning.

Hey Mike - glad you're recovered your losses - I'll end up losing about £40K here, but have had a spectacular time over the last six months, and have made the loss back many times over. I still have a few small pharma/biotechs, and have had mixed results - I'm well down on ASM and SLN but I was in SAR at 0.3p and sold 10% of them at 3p so the rest are on a free ride. Otherwise, I remain heavily exposed to junior gold and see that bull running for another 12-18 months.

All the best, and best wishes to all former NPH holders
Posted at 11/2/2011 13:01 by lombiff
Good afternoon all - this is a nice surprise as I thought we'd only get another ha'penny or so when they settle with HMRC. It sounds like we may still get that, so the 2.4p is a bonus. Surprising there is nothing on the Neuropharm website, but at least encouraging that pelleeds and balcony have received theirs.

muzo, I'm also with Barclays and no payment has arrived yet - I've asked my relationship manager to look into it.

Good luck to all and hope you've managed to recover any NPH losses elsewhere - my total loss here will end up being around £40K but have had a good run with others lately. All the best
Posted at 08/2/2011 10:17 by alchemy30
Hi all,

Bingham thanks for the info, can anyone confirm whether they have received the payment. I had some with Lloydssharedealing and the last payment was automatically credited to my account, however this time there is nothing, I have raised a query with them as NPH no longer shows in my portfolio either and will let you know what reply I receive.

Thanks
Posted at 20/4/2010 06:19 by hadronuk
Voluntary Liquidation



TIDMNPH

RNS Number : 4483K
Neuropharm Group PLC
20 April 2010

?

+------------------------------------+------------------------------+
| For immediate release | 20 April 2010 |
+------------------------------------+------------------------------+



Neuropharm Group plc
("Neuropharm" or "the Company")

Proposed Members' Voluntary Liquidation and proposed cancellation of admission
of Ordinary Shares to trading on AIM

Neuropharm Group plc (AIM: NPH) today announces that its directors have decided
to recommend to shareholders that the Company be wound up by way of a members'
voluntary liquidation ("MVL") such that, following payment of the Company's
liabilities, its remaining cash be returned to shareholders. The MVL is
conditional upon approval by Neuropharm shareholders ("Shareholders") at a
general meeting (the "General Meeting"), to be held on Tuesday 18 May 2010. The
Company also announces that it has applied for the cancellation of the trading
of its securities on AIM, subject to approval by Shareholders of the MVL. A
single resolution (the "Resolution") will be proposed to Shareholders at the
General Meeting to approve the MVL and the cancellation. It is expected that
suspension of the Company's ordinary shares (the "Ordinary Shares") will occur
at 7.00 a.m. on Tuesday 18 May 2010 and, subject to the passing of the
Resolution, that cancellation will occur at 7.00 a.m. on the following day,
Wednesday 19 May 2010.

A circular providing further details of the proposed MVL and cancellation and
the General Meeting has been posted to Shareholders today. The circular is also
available on the Company's website at www.neuropharm.co.uk.

The Directors consider the Resolution to be in the best interests of the Company
and its Shareholders. Accordingly, the Directors unanimously recommend that
Shareholders vote in favour of the Resolution as they have undertaken to do in
respect of the Ordinary Shares in which they are beneficially interested. The
Company has received undertakings to vote in favour of the Resolution from
certain Shareholders (including from those of the Directors who hold Ordinary
Shares) in respect of an aggregate of 10,612,915 Ordinary Shares, representing
approximately 33.65 per cent. of the current issued share capital of the
Company.
The Company has also received non-binding letters of intent from certain
Shareholders confirming their intention to vote in favour of the Resolution in
respect of an aggregate of 5,573,538 Ordinary Shares, representing approximately
17.67 per cent. of the Company's issued share capital as at the date of the
Circular.
Accordingly, in aggregate, the Company has received undertakings or letters of
intent to vote in favour of the Resolution in respect of 16,186,453 Ordinary
Shares, representing approximately 51.32 per cent. of the Company's issued share
capital as at the date of the Circular.

Background to and reasons for the MVL and Cancellation
The Company announced on 18 February 2009 that its Phase III SOFIA study of its
lead programme, NPL-2008, in autistic disorder did not achieve its primary
endpoint. The SOFIA study showed that repetitive behaviours in patients were
reduced after both NPL-2008 (a novel formulation of fluoxetine) and placebo
treatment, but the study did not meet its primary endpoint of demonstrating a
statistically significant difference between the two groups of patients. These
results were unexpected and hugely disappointing to, among others, the Company
and its management and shareholders.

Subsequent to these results, Neuropharm sought to secure a collaboration with a
pharmaceutical company to continue development of NPL-2008 and undertook
discussions with a number of third party pharmaceutical companies with a view to
securing a potential collaboration that would encompass the further development
and commercialisation of NPL-2008. However, discussions with potential
collaborators did not come to fruition.

On 3 November 2009, the Company announced that it was in discussions which may
or may not lead to an offer being made for the Company and noted that the Board
was seeking a sale or merger of the Company in order that the value of its
pipeline could be maximised. On 10 March 2010 the Company announced that it was
continuing talks with a potentially interested party but that in light of the
uncertainty as to whether an offer would be made for the Company and the costs
associated with maintaining admission of the Company's shares to trading on AIM
and the continued operation of the business, the Board had resolved to explore a
return of cash to Shareholders. On 31 March 2010 the Company announced that,
while discussions were ongoing for the sale of certain assets, the Company had
received confirmation that none of the companies it was in discussion with were
considering making an offer for the Company.

The Board has therefore expended considerable time and energy in recent months
considering in detail the Company's strategic options. Discussions have been
held with various third parties, including already listed trade players, other
international pharmaceutical companies and venture capitalists. The range of
possible transactions which the Company has considered has been extensive and
has included technology licensing arrangements, the sale of one or more of the
Group's programmes, the sale of Neuropharm Limited, an acquisition of the
Company for cash and a reverse takeover of the Company.

Regrettably the Directors have now concluded that it is in the best interests of
Shareholders that a resolution be proposed to, amongst other things, place the
Company into members' voluntary liquidation such that, after payment of the
Company's liabilities, the Company's remaining cash be returned to Shareholders
via the MVL.

The MVL and Cancellation
It is proposed that Samantha Jane Keen and Ian Carr of Grant Thornton UK LLP, No
1 Dorset Street, Southampton SO15 2DP be appointed as joint liquidators of the
Company (the "Proposed Liquidators"). It will be the Proposed Liquidators'
responsibility to deal with the conduct of the MVL and to determine the timing
and amount of any distribution(s) to Shareholders. The MVL is conditional upon
the passing of the Resolution at the General Meeting. If the Resolution is
passed, it is anticipated that the MVL will commence immediately following the
General Meeting and that the appointment of the Proposed Liquidators to the
Company will become effective at such time.

On 19 April 2010, and as required by Section 89 of the Insolvency Act 1986 in
respect of a members' solvent voluntary liquidation, the Directors made a
statutory declaration of solvency stating that they have made a full enquiry
into the affairs of the Company and that, having done so, they have formed the
opinion that the Company will be able to pay its debts in full, together with
any interest, within a period of 12 months from the commencement of the
Liquidation.

Whilst the timetable for any distribution is outside the Board's control, the
Board currently anticipates that the Proposed Liquidators will be in a position
to pay a distribution to Shareholders approximately two months following the
commencement of the Liquidation.

As noted above, as at 31 December 2009 the Company had net cash, cash
equivalents and money market investments of GBP6.18 million.

Pursuant to Rule 41 of the AIM Rules, the Company has today made an application
to the London Stock Exchange for the admission of the Ordinary Shares to trading
on AIM to be cancelled on 19 May 2010 subject to Shareholder approval by the
passing of the Resolution at the General Meeting. It is expected that dealings
in Ordinary Shares on AIM will be suspended at the start of business on 18 May
2010 (being the day of the General Meeting) and, provided the Resolution is
passed, that admission of the Company's shares to trading on AIM will be
cancelled with effect from the start of business on 19 May 2010.



The Board
On 9 April 2010 the Company announced that Dr Mike Snape had stepped down as an
employee and director of the Company. Dr Acton, Stephen Whybrow and Graeme
Hart, the Company's non-executive directors, have each agreed that they would
waive their contractual entitlement to three months' notice in the event of the
termination of their appointment as directors of the Company. Accordingly, if
the Resolution is passed, each of the non-executive directors will cease to be
directors from that date and will not receive any compensation for loss of
office. Unless the Company enters into alternative arrangements with Robert
Mansfield and Graham Yeatman, Robert Mansfield and Graham Yeatman will continue
to receive their contractual entitlements under their service agreements until
expiry on 22 March 2011 of their 12 month notice period.

Effecting Transactions in Ordinary Shares following the MVL and Cancellation
If the Resolution is approved the Ordinary Shares will no longer be tradable on
AIM. Furthermore, as a consequence of the MVL, the Ordinary Shares will not be
transferrable without the consent of the appointed Proposed Liquidators. Further
details regarding dealings, transfers and cancellation of admission are provided
in the circular to Shareholders.

Enquiries

For further information please contact:

+----------------------------------------+----------------+
| Neuropharm | + 44 (0) 1372 |
| | 371 171 |
+----------------------------------------+----------------+
| Robert Mansfield, Chief Executive | |
| Officer | |
| Graham Yeatman, Chief Financial | |
| Officer | |
+----------------------------------------+----------------+
| | |
+----------------------------------------+----------------+
| Piper Jaffray Ltd. | + 44 (0) 20 |
| | 3142 8700 |
+----------------------------------------+----------------+
| Neil Mackison, Rupert Winckler | |
+----------------------------------------+----------------+
| | |
+----------------------------------------+----------------+
| Buchanan Communications | + 44 (0) 20 |
| | 7466 5000 |
+----------------------------------------+----------------+
| Mark Court, Catherine Breen | |
+----------------------------------------+----------------+

Notes to Editors:

About Neuropharm
Neuropharm is a speciality pharmaceutical company focused on the development of
medicines for the treatment and management of neurodevelopmental disorders.
Please visit www.neuropharm.co.uk for further information.



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

MSCUROSRRWASURR
Posted at 10/3/2010 15:20 by boobly
Afternoon Guys !........Some thoughts :

* This is still very dificult to fathom .
* Only very limited news here .
* I imagine The BoD were getting some real pressure from shareholders , and they have almost been forced to say `something` .
* `Several intererested` , now seemm to be one , and still doing DD . So that suggests that there should be some value in their science and reasearch . Perhaps even the commercial viability of one / or more of their drugs .
* I am very VERY , relieved indeed to see that the `Cash` is in effect intact .
* I now believe that `Someone` DID (does?) want to buy the Company .
* I wonder if leaks re` an approach were first apparent around August last
year .
* Looking at the share price movement since then , there were two spikes , and then a sudden collapse one month before the `Bid Talks` 3rd Nov . Since that time little obvious progress with talks , and a total collapse in the share price to around half cash value of the Company . (You could surely be forgiven for imagining this has been a deliberate act of sabotage.)
* Obviously the benefit of these machinations would be appreciated by anyone wishing to buy the Company .
* This has the `Hallmark` of something `Not quite Gentlemanly` about it .
* Priced at half cash , are the years of research worth absolutely ZERO ?
* Has the `Predator` been directly responsible for the current share price scenario ?
* It wouldn`t be dificult , with so few shares in circulation .
* How , could the major shareholders in the business possibly accept this situation ?
* It looks like the business in it`s current format will be wound up , but these suggestions would surely only strengthen the position of any bidder .
* I can`t help feeling that the BoD have handled this whole situation very badly . They need to bring this whole saga to a conclusion as quickly as possible .
* Either the market thinks it`s all pants , or someone is dumping enough to keep this from rising .


Also :...I mentioned a few days ago that I thought there had been a little bit of `Sneaky` buying , I think in amongst the odd bit of profit taking , and err ,,,,`Dumping` , there has again been some interesting buying (at the right price.).
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