We're still living with the hangover of the vaccine work ending, losing Homology as a big customer and OXB resetting the earnings guidance about 13 months ago.
I'm sure that still has a lot of people cautious.
Without that worry OXB should never have dropped much below a fiver in 2023. Should have been c£7 for most of this year on the back of C£130m guidance and a tenner as we go into next year.
Unfortunately people remember these stories even if they don't currently follow OXB and of course we have had analysts like Numis doubting OXB's forecasts in the Times.
This is basically the root of my longstanding hope that zero OXB insiders buying means they have something good to announce at some point. Lucky timing with that and it could be all past sins forgiven. |
Nice rise today shame my Cambridge Cognition shares can't do the same.
Hopefully OXB reaches a fiver by the end of the year. |
Like a stopped clock |
Redirish
I understand you completely
I cancelled my stocko a few years ago.
I couldn’t see how it was able to have an accurate view/prediction on every listed company…I guess it’s accurate sometimes |
Harry - got you. |
I've just renewed my Stockopeadia subscription for the year. It continues to tell me that OXB, my largest holding, is a momentum trap. I continue to ignore it. And yet I paid..... |
I'd love to know wtf is goin' on 'ere |
takeiteasy,
I was just clarifying that I didn't ever say forced selling from £15. |
If you look at the free order book snapshot ( click the "today" bar on the chart and scroll to the bottom of the page) the numbers there at the moment are c60p better than Friday on no public news.
Maybe this is all down to that tip generating website, but surely something else here which we just don't know about yet? |
Harry, I know what has happened - the analysts covering the stock have appended your posts to their client research emails and said words to the effect "if you don't believe our work, believe in Harry a trusted voice on ADVFN" ...:) |
Yes indeed,a 325th qualifying position would currently require a market cap of well over £500m.I've had my doubts whether inclusion would occur in 2024 but i'm happy to be proved wrong. |
 takeiteasy,
I don't mind the moaning part, but the forced selling is from 1st August last year (allegedly) and if you look at that short position chart and compare it with the posting on badger's thread of truth, it does all support the theory that people had worked out one US fund was very near having to sell if OXB dropped below it's market cap size rules for core holdings. I think the second fund triggered by that at a lower level was just a bonus. It must have made some people a lot of money.
But my point here is that's basically a drop from a steady trend of 400 to 500p which would have been about right for the work (revenue) OXB had after the vaccine contract suddenly halted (i.e. 90m x 5.5 for a market cap). £15 was covid mania and the drop from that was like any bubble bursting imho and nothing to do with forced selling.
I'm much more interested now in the future, the very real possibility of c£180m in sales next year supporting a very sensible £10 share price.
As for what's happening today? No idea. |
M, if the traders here were sneaky they would push up the share price in a way to "encourage" the board to explain a share price rise...i.e. tease some news out of them :) |
About 527p last Friday SJ
What it will be at close 24 working days from now of course depends on the index. |
There's the RNS but not the one that will truly propel the price to the moon |
As much as we would like rational explanations for share price movements,the volatility amongst second line stocks can often be near unfathomable nowadays.Something around 480p would make OXB a FT250 contender and invariably stocks move ahead sharply in anticipation of inclusion.As Dominic C.mentioned awhile back,it has felt like there's a large buyer about and that sharp move down in the price last week to around 360p ish felt like a tree shake,a throw of the dice to shake out loose holders. |
Hopefully now a competition where everyone needs some and will keep buying while it keeps rising...FOMO |
I'm not an expert by any means but I maintain a keen interest in charts and in OXB (vested!). I mentioned a little while ago that I thought we were heading into a 'cup and handle' pattern and I do believe that's what's happening (I'm also relying on good old fashioned crossed fingers here!). If that is what is playing out, we might be looking at 760's as our next target. See here for an explanation: |
Something in the pipeline? |
Any chart experts here...if you glance at the 5 year chart there seems to be a next resistance around £5 from way back.
Harry you have repeatedly moaned what happened when we had the forced selling from 15 down to 2 from the IIs...perhaps we are now playing the reverse...if there are long term buy orders on the book in a thin market punters can push through an open door in the reverse of the last few years :) nai etc |
Lesley Nielsen comes to mind
Bursting through 400p is pleasant |
Surely 112k in the 1st 40mins can't just be down to that automated tip website? |
Looking good. |
That's £4 broken |
I like the words "can occasionally turn into an explosive long trade".
Let's hope this is one of those occasions! |
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