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Share Name Share Symbol Market Type Share ISIN Share Description
Redx Pharma Plc LSE:REDX London Ordinary Share GB00BSNB6S51 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -1.57% 62.50 60.00 65.00 63.50 62.50 63.50 24,500 12:01:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 5.7 -9.2 -5.4 - 172

Redx Pharma Share Discussion Threads

Showing 576 to 599 of 675 messages
Chat Pages: 27  26  25  24  23  22  21  20  19  18  17  16  Older
DateSubjectAuthorDiscuss
19/8/2020
17:51
Fission - are you referring to my post being fake? There's no reference to what you're referring to as being fake? I'm trying to make sense of what HL sent out yesterday but assumed that Redmile were only holding what was stated in HL's opening paragraph. Cheers - Kenny
kennylogsin
19/8/2020
17:46
Supercity - thanks for pointing out the 92% holding. I was running from the email alert issued by HL yesterday which opened with: Our Reference: 02648800 Dear Mr XXXXXXX RedX Pharma plc - Your holding of xx,xxx Shares Extended Cash Offer - Important information that requires your attention What is happening? Redmile Group recently bought approximately 39.5% of the RedX Pharma plc shares in issue at a price of 15.5p per share. Under UK company law the company has to offer to buy all remaining RedX shares at the same price. As a holder of RedX Pharma plc Shares in your Hargreaves Lansdown Stocks & Shares ISA you need to decide whether you wish to accept the Offer or not. At the time of writing RedX Pharma plc Shares are trading at 45p so you may get less cash by accepting this offer than you would trading your Shares in the market. The other part I stated was at the bottom of the communication: What happens if I do not accept the Offer? If Redmile is able to obtain acceptances for 90% of the Company's Shares then they can force all remaining Shareholders to sell their Shares at the offer price. Redmile has indicated that if it receives acceptances in excess of 90% it does not currently intend to exercise its rights to compulsorily acquire the remaining RedX Pharma plc Shares. If the Company receives acceptances in excess of 90% and does move to compulsorily acquire the remaining Shares, we will put forward your holding for acceptance of the Offer, as long as it remains open, in order to ensure that you receive proceeds in respect of your holding as soon as possible. If not you will receive the proceeds once the Compulsory Acquisition has been completed. Redmile has stated that it intends to maintain RedX Pharma plc’s listing on AIM. However, if AIM is no longer considered a suitable market for RedX shares, Redmile may seek to move to a different market or trading facility. Super - as I got this yesterday how is it 8 week old information? Was something issued somewhere else? Any advice welcome...
kennylogsin
19/8/2020
17:35
It's invest at 25p no more
computercoders
19/8/2020
16:20
Redmile have said they don't intend to compulsory purchase the remaining shares but this was eight weeks ago when the share price was around the 15-20p level.They already own 92% of the company so will obviously vote yes to what ever they decide to do.Unless they issue a statement to say they don't intend to buy the remaining shares (which they will only have to pay 15.5p for) and want to leave the listing as it is you are always going to be nervous holding shares.
supercity
19/8/2020
15:45
This is fake...ignore!
fission453
19/8/2020
11:34
If anything is to be learnt from this is: Your top up opportunity has presented itself. No ramp intended. DYOR, all my own opinion. I'm invested. GLA...
kennylogsin
19/8/2020
11:31
Adding to that: Where on earth is the Company going to get acceptances in excess of 90% and move to compulsorily acquire the remaining Shares? What's all the fuss about with confusion?
kennylogsin
19/8/2020
11:28
I'm not a member over on the LSE board so could someone facilitate getting that information across there too? Maybe it will stop further unnecessary tanking of the share price Cheers - Kenny
kennylogsin
19/8/2020
11:27
So to repeat: Redmile has indicated that if it receives acceptances in excess of 90% it does not currently intend to exercise its rights to compulsorily acquire the remaining RedX Pharma plc Shares.
kennylogsin
19/8/2020
11:27
All, could I help clear up what appears to be some confusion. Hargreaves email statement yesterday had a quote in it. Verbatim: What happens if I do not accept the Offer? If Redmile is able to obtain acceptances for 90% of the Company's Shares then they can force all remaining Shareholders to sell their Shares at the offer price. Redmile has indicated that if it receives acceptances in excess of 90% it does not currently intend to exercise its rights to compulsorily acquire the remaining RedX Pharma plc Shares.
kennylogsin
19/8/2020
10:16
Very very bizarre share, I remember reading the recommended cash offer & expected to see them delist. Then you had the non exec chairman buying 215k shares between 17 & 22p, pushing the price way beyond the 15p paid for 91% of shares by Redmile. You then had the Astra news which shot it up to 90p at one point. Definitely needs an RNS clarifying the situation, as PI's buying now are still at risk of significant losses if they can buy the shares at 15p... Many will be marooned a lot higher than that though, and you'd have to wonder how that has been allowed to happen.
74tom
19/8/2020
10:08
They should have suspended these.
phurley
19/8/2020
09:23
need some news from company.. very disappointed. holding from 60p
latifs100
19/8/2020
09:12
Why were they allowed to run up to 70p.Disgraceful
phurley
19/8/2020
09:09
Supercity Maybe you are right but how does this square with a previous poster's remarks which is encompassed in the following takeover rule. We are well past the three months and a day limitation. 'A bidder has a right to compulsorily acquire the shares of minority shareholders of a UK target company if it has acquired, or unconditionally contracted to acquire, not less than 90 per cent. of “the shares to which the offer relates” and 90 per cent. of the voting rights in the company to which the offer relates. Once this threshold is reached, the bidder may send out compulsory purchase notices immediately or at any time up to three months and a day after the last day on which the offer can be accepted.'
dhmace
19/8/2020
08:48
The shares were 4-5p when redmile made their intentions known so 15p was a significant premium - they literally own the company already with over 90% of the shares being theirs.Unfortunately if they decide to buy the rest at the previously agreed price of 15p there is nothing that can be done about it.
supercity
18/8/2020
15:40
And why not buy if they are to hit the roof?
phurley
18/8/2020
14:47
I appreciate the candour. But then how do you know that great news is imminent.
phurley
18/8/2020
12:02
No phurley, I'm NOT ramping; I don't own one share; just observing a shady deal at 15p. Redmile are on another planet called Make-Believe!
colinvest
18/8/2020
10:06
Are you ramping bud? I hope youre right! Im struggling with 200k shares from 60p.
phurley
18/8/2020
08:09
What's going on with Redmile, apparently offering 15.5p for the remaining shares in issue against a current market price of 45p? Should they not be increasing their offer to at least 60p to tempt acceptance? Anyway, I understand there's an imminent announcement from RedX that could send the shares through the roof; - so no wonder Redmile wants as many shares as possible under their belt!
colinvest
12/8/2020
08:20
So little free float with a flurry of buys this will go nuts :))
g2theary
12/8/2020
07:06
it seems so, and I can imagine the difficulties they would have if we were bought out for a fraction of the current price....how much did they know about the progress of the drug and the likely progress with AZ....looks a bit murky but i'll ignore that if they let me keep my shares until further progress is made. We may have to wait for this formally to be announced and I think there is still a risk we may get that compulsory purchase. but it's always been a risky share, right..?
global nomad
11/8/2020
21:34
Thanks. That's reassuring to a degree. The indications are that they want to maintain the listing so aren't proceeding to acquire the outstanding shares compulsorily.
saintbart
Chat Pages: 27  26  25  24  23  22  21  20  19  18  17  16  Older
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