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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Neuropharm | NPH | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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11.50 | 11.50 |
Top Posts |
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Posted at 26/3/2010 12:13 by lombiff Thanks Boobly - it's in my nature to be generous - just ask the MMs how much I've gifted them over the years!!I do travel to Canada a lot (our head office is there) but I live in the UK. I have inadvertently breached the T&M rules - now I know a bit more about this, I can see that their rules are clear, but it seems to me that the rules around nominee accounts are not. I'm not a professional investor, I'm overseas a lot, and don't have time to dedicate to this, and so I thought a nominee account is the answer as I don't hold the shares and therefore I don't have to look after the share certificates,collect and cash the dividend cheques (yeah right!), and I don't have any formal reporting obligations. It was a surprise to me that the reporting obligation transferred to me when we entered the bid situation. You live and learn! As far as I can see (and I only have the same information as everyone else on here), the Directors have done as good a job as they can in difficult circumstances - the results of SOFIA were strange, but let's not forget that NPL-2008 was shown to reduce some of the repetitive behaviours - the problem was with the control group on placebo. Since that disappointment, and while we wait for funding or a way forward, our Directors have overseen the design of the second Phase III trial and have added the two screening/testing products to the pipeline. Unfortunately, the funding issue puts us in a fairly weak negotiating position, but we don't have a choice. I just hope we get taken out by someone with big enough pockets to give NPL-2008 a proper chance of getting to market. All the best |
Posted at 25/3/2010 20:31 by lombiff Mike - as I now understand it, under the current rules, and assuming a company is not in a bid situation, a holding has to be disclosed by RNS if it's more than 3% of the company. However, if your holdings are in nominee accounts, then you don't have an obligation to disclose, but Barclays (or whoever) does have to do so if the aggregate holding in all their nominee accounts is more than 3%.However, all of that changes if the company goes into a bid situation and is therefore on the "list" at the Takeover and Mergers Panel (in which case there should a Rule 8.3 announcement as there was in NPHs interim results statement on Tuesday - which is when I noticed it and made the call to Barclays). In that case, if your total holding (including nominee holdings) is more than 1%, then the reporting obligation transfers to you, as you control the disposal or purchase of the shares. Under the current rules, if you hold more than 1%, you only have to disclose any further trading after it enters the bid situation. So, if you hold 2% of the company when it goes on the "bid list" but you don't buy or sell any more, then you don't have to disclose. However, from April 19th, the rules change and you would have to disclose your holding (if more than 1%) to the Takeover & Mergers Panel and also via RNS at the time the company goes into the "bid list", and also any subsequent trading you do. I'm not a professional investor, so I was taken by surprise by all this. I'm going to get my wrists slapped by T&M - I don't know what form that will take yet, but I've been warned that there are various sanctions for such a breach of their rules. Hopefully, my experience will help others avoid falling inadvertently, as I did, into the same trap. Incidentally, the Compliance guy at Barclays was excellent - extremely helpful. All the best for now |
Posted at 11/3/2010 09:49 by warwick69 that still does not explain why peop;le are selling at below 11p i just can not believe anyone who is an investor would sell at these levels now this news is out. It must be MM games or manipulation by interested parties as suggested on here. |
Posted at 16/2/2010 15:42 by warwick69 If more investors called the company and asked for some news surely they would have to make some comments to the market as to where they are with discussions? If the share price had risen the same percentage as it had fallen since discussions I bet they would have had to comment |
Posted at 11/2/2010 13:46 by lombiff Hi joe - my average is a little higher than yours but I'm OK with my position. I just think that discussions with any third parties would take time and, if they are smart (and we do have some very smart major investors . . . myself not included!), they'll be playing the potential bidders against each other. If that's what is going on, I wouldn't expect to hear anything until it's a done deal. In the meantime, this is moving a lot on small volumes - when the news breaks, either way, you won't be able to buy or sell more than a few hundred.warwick - I know what you mean, but I don't think another holding statement would really help, especially if we're in the advanced stages of discussions. I see somebody bought 41K a short time ago - I just added another 20K for my SIPP but it's not showing on Plus yet. |
Posted at 10/2/2010 12:21 by warwick69 I got exactly the same answer, also tried telephone yesterday and completly non comital on response. Very poor investor relations |
Posted at 22/1/2010 07:44 by the_beagle I think you will find that it is not shorting that has caused the drop of the last few days, nor is it a distressed seller. Private investors like me feel totally shafted by this company's handling of a sale or merger, and the fact that Piper has been handling it at the same time as making a market in the shares and dragging it down, smells to say the least.If all is well why not RNS it. In my own case I have bitten the bullet and sold over half my holding yesterday at a loss of £7000. There have to be better, more transparent investments out there. I would not mind betting that the recent arrivals on the BB talking it up to a 20p bid are the same ones who spiked it to 38p in October (when fortunately I saw it for what it was and sold at 37.7p), and when their T20s run out there will be more carnage. Sorry to long termers if I sound as if I'm talking this down. I'm not. I still have 40k shares. |
Posted at 04/1/2010 19:14 by jotoha2 Boobly, all those investors have been helping to short this dog , so they are not to worried if it goes to zero , thats how they come out smelling of roses , going long or short , easy peasy . |
Posted at 15/12/2009 14:07 by fairdeal2008 Can buy at 12.50 but that still makes investors take a big hit on the spread with the bid at 10.5p. With the spread and the declining price it is putting off investors... |
Posted at 06/10/2009 12:16 by quinan IMHO what we have now is the investor in NPH and the trader in NPH, to the investor the results outline what the prospects are in the long term, the company is progressing well and will expect to generate revenue within 18 months.To the trader the recent news gives them nothing to get over excited about in the short term, more news may not be out until Christmas, so the chances of anything dramatic happening to the share price in the sort term is minimal. So were do we go from here, I think we are now going to trade in the range of 20-25p until more news, the transfer of shares form the traders to the investors will happen now so a more stable share price will being to take shape. This has a good future but will need time. |
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