Puretech Health Share Discussion Threads

[colinblackbourn] 16/1/2024 12:26

Institutions can be consulted in coming weeks so that when the Karuna money arrives the plan can be implemented PDQ

[takeiteasy] 16/1/2024 12:17

that is helpful - much to look forward to then :) the constant selling will ultimately bring a buyers strike I suspect with those waiting on the sidelines for a stable pattern to emerge and the seller gone - shame we cannot call the market makers and find out how much overhang is left...

[colinblackbourn] 16/1/2024 11:16

There is probably 300m dollars to play with.Daphne will consult with the big holders.This has been flagged since September and there seems no rush.A tender offer at a premium is probably the best way to clear the holders who need to sell/top slice.This will get the shares to a fairish level and will increase assets per share.Not everyone will need to participate.If it's pitched to low then there will be limited take up.Cash payment is also possible.Maybe a combination of the two.

[takeiteasy] 16/1/2024 10:22

I am not as close to these numbers as you are Colin, but on the above basis what is the likely most they can return to shareholders as a special dividend in your view

[doctor 69] 16/1/2024 09:50

This seller been at it for many weeks , hopefully it finishes this month , then we can rise

[colinblackbourn] 16/1/2024 08:36

Net cash is 320m plus 294 m with 400m milestones plus equals 1014m dollars.272m shares in issue.

[rimau1] 16/1/2024 08:11

As a long term holder the longer we stay at a net cash position the more accretive the buyback is so i am pretty relaxed. I have order buy limits set just below net cash incase!

[linton5] 16/1/2024 08:05

Waiting to get back in here

[takeiteasy] 16/1/2024 05:46

It is hard to read too much into the trades but to my glance it appears someone is dumping c.200-300k a day, the firm is buying back c.100k a day sometimes a little more and net retail demand picking up the rest - as we drop further we may get stop losses being triggered.
Let's hope over the next week or two this selling activity lessens and with the firm's buy backs in place we can pick back up again...

[return_of_the_apeman] 15/1/2024 18:34

Correct, the auction creates a trade at a mutually acceptable price between the seller(s) and buyer(s)

[rogers49] 15/1/2024 17:12

Could someone advise me, I thought that shares in the auction were matched, if i'm correct, at least there is a buyer.

[sspurt] 15/1/2024 16:55

A seller is still rogering the stock at the closing auction, needs to stop before this can go higher

[return_of_the_apeman] 15/1/2024 15:40

It certainly is crazy cheap so have to agree, plus the buy backs will help

Can't really understand why this is trading so close to cash on/due to the books

[doctor 69] 14/1/2024 20:07

Get the feeling which should slowly start moving up .

[colinblackbourn] 12/1/2024 15:24

Sellers do what they do.buy the may be a strategy.

[edwardt] 12/1/2024 14:53

Glad I grew some balls yesterday. Given the cash it should not be this volatile...

[colinblackbourn] 12/1/2024 11:45

https://news.puretechhealth.com/news-releases/news-release-details/prtc-names-robert-lyne-chief-portfolio-officer

[takeiteasy] 12/1/2024 11:27

I never use these so called limit prices, when you use this what do you set the price at - it all seems a bit of a game of chance to me. If the seller is now cleared out this will move up quickly - if another seller arrives, we move back down.

[wildchild] 12/1/2024 09:35

Thats a blast from the past ! BTG !

[colinblackbourn] 12/1/2024 09:20

Puretech reminds me of BTG....on steroids.

[colinblackbourn] 12/1/2024 08:53

https://investors.puretechhealth.com/events/event-details/puretech-present-42nd-annual-jp-morgan-healthcare-conference

[return_of_the_apeman] 12/1/2024 08:20

daijavu,

Some might have been bought back by PRTC, however as seen by the figures below, the UT trade size has been above the size of the buy back

Date UT size Buyback size
09/01 317,412 92,828
10/01 200,555 117,693
11/01 41,859 116,937

As Colinblackbourn points out the buy backs by PRTC can be up to 25% of daily volume, my point is that someone has offloaded over £1million at the end of day auction over the past 3 days - I have no idea who or why

For every seller there is a buyer but why sell now


Perhaps I will put a limit order in at the end of the day to see if I can pick up a few cheap ones

gla

[colinblackbourn] 12/1/2024 08:04

Buy backs are 25pc of the volume throughout the day excluding auctions

[daijavu] 12/1/2024 07:58

I think the UT trades at the end of each day are mainly, perhaps entirely, PTRC buybacks at deflated prices