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Share Name Share Symbol Market Type Share ISIN Share Description
Salvarx Group Plc LSE:SALV London Ordinary Share IM00BZ4SS228 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 4.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services -0.55 1.00 4.5 2.0
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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DateSubject
15/7/2019
09:20
Salvarx Daily Update: Salvarx Group Plc is listed in the Health Care Equipment & Services sector of the London Stock Exchange with ticker SALV. The last closing price for Salvarx was 4.50p.
Salvarx Group Plc has a 4 week average price of 3.50p and a 12 week average price of 3.50p.
The 1 year high share price is 93p while the 1 year low share price is currently 3.50p.
There are currently 36,527,182 shares in issue and the average daily traded volume is 50,758 shares. The market capitalisation of Salvarx Group Plc is £1,643,723.19.
09/7/2019
08:37
dexdringle: Really ? It doesn't cost that much to wind up a company. It isn't as though there are administrators etc as with companies that have gone into liquidation due to failure. Doesn't SALV still own around 60M Portage shares with a value of around £4M (which is 10p worth per SALV share)?? This is making me think that they kept the rump of the Portage shares purely as a float to keep enough back to keep the salary band wagon rolling for a few more months otherwise what was the point ? I hope I'm wrong but this simply isn't making sense......
03/5/2019
20:41
bscuit: Anyone else got a similar problem? Originally I retained my rump SALV shares and in retrospect should have sold at 20p, but sold prior to the end of the tax year at 9p. Because they were subscribed shares. I could in theory set any loss against Income Tax using Subscribed Share Income Tax Loss Relief, but I have retained myPortage shares. In the context of completion of my tax return, my accountant advises that he requires the split in value of my original holding between SALV and Portage immediately following the de-merger. I contacted share price Angel – successors to Northland, who advised that immediately following approval of the De-merger, the SALV price was 75.5p and that Portage was trading atCAN$0.115, meaning that each SALV share pre-demerger was worth CAN$2.07 plus the rump value. The information from share price Angel is in my view flawed as the 75.5p included the about to be de-merged value in Portage. There should be a de-merger value on both shares. I that my accountant will not accept that the value of my SALV shares is showing a significant loss on original subscription price when I have an asset which I have retained. Any thoughts? In my opinion that has been a failure by SALV and its advisers to inform shareholders of the split in value in a fractional as opposed to pounds and p pennies in order for the calculation of the loss on the original holding – if any – or any fractional gain.
06/3/2019
20:42
dexdringle: Given that the rump of the Portage shares are the only SALV asset now, should we not be expecting ths SALV share price to move broadly in line with the Portage share price ?
09/1/2019
08:08
dexdringle: Okay. Just to re-cap. SALV will become the owner of 757M Portage shares in exchange for signing over its trading business to Portage. SALV then becomes an investment business SALV then plans to simply pass on 90% the Portage shares to its own shareholders so we will end up each owning X number of shares in Portage (plus our existing SALV shares albeit probably around 10p a share at that point reflecting the value of the Portage shares not distributed). Questions: 1. how long is it likely to be before the distribution takes place ? 2. how simple is it for a UK shareholder to directly own (and trade) shares in Portage ? Presumably, the SALV share price will, from today, exactly reflect the value of the Portage shares and could be sold before the distribution happens ? EDIT: just noticed the SALV share price has dropped to 10p so already prices in the distribution ?
19/12/2018
08:26
dexdringle: ….except that the current Salvarx price is reflective of the Portage share price being half of the 12 cents it is now ?
19/12/2018
03:33
shakyhands: My concern here is that the Portage share price is leading Salvarx - only Portage volume is tiny,as usual.
08/12/2018
14:24
cumbrian2: Agreed Stig, but probably best to use the latest offer price which was $0.105 but that still gives a GBP1.49 conversion. My concern was that Portage would open very weakly yesterday which was not the case, so assuming they hold the current level then the arbitrage has to kick in big time as we head to completion date. Adding in, that we retain the SALV shell(which may get a Juvinescence investment?), and that the said shell retains some Portage shares then the SALV share price looks ''too good to be true'' but looks like it actually is!!! Thankfully own 144k shares, all bought after the original deal (based on my view on Intensity) so averaging 67p but hopeful of a big profit to come! Got to be heading higher on Monday.
22/10/2018
10:09
the stigologist: Should be a double whammy effect coming Portage value will go up and have a knock on effect on the SALV price Should go exponential soon No wonder they were giving the October 20th Presentation such a pre-show fanfare and they delivered !
14/8/2018
11:40
bandflex: Just seen a typically misleading post on LSE suggesting you get more shares if Portage falls. To be clear you do not get more shares if the the Portage share price falls and you do not get fewer shares if the Portage share price goes up. The deal is for 757,943,784 shares in Portage at the price of 8.9c, so a discount to yesterdays closing price. The number of shares remain the same regardless of whether Portage shares go up or down, its the value of the deal that changes depending on the Portage share price because it is shares in Portage you will receive not cash. I should point out that the share price is not fixed at 8.9c before some twitter clown suggests it is.
14/8/2018
10:45
bandflex: Jim Mellon is a director of Portage, Ian Walters the CEO of SALV is on the Portage board though he isn't shown on the Portage website. Very much a related party deal. As it is an all share deal it will be interesting to see what happens to the Portage share price when the markets open. Portage (PTGEF) yesterday closed at 10c with a market cap of $28m, they are offering $65.7m in shares for SALV. Portage shareholders have yet to vote on this and no timing has been announced yet, it will mean massive dilution for them. Demerger shares can only be traded in Canada. SALV intends to become a cash shell if the deal goes through. Value to SALV shareholders depends entirely on direction of Portage share price and Portage shareholders voting yes to the deal.
Salvarx share price data is direct from the London Stock Exchange
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