Sinclair Pharma Share Discussion Threads

[bend1pa] 11/7/2013 13:29

"Surely SPH is a smaller more illiquid company."

Small, yes, but it's hardly illiquid judging from the number of trades going through daily and the relatively small spread for an AIM stock.

[red ninja] 11/7/2013 12:38

Bend1pa,

I am not convinced about manipulation.
Surely SPH is a smaller more illiquid company.

dealit

Agree trading statement shows real progress in knocking down the
debt. Coming off the Euronext is also a good move in cutting costs.

[bend1pa] 11/7/2013 12:27

100.000 shares sold first thing this morning and sell volume today well outstripping buys. Then later on 2 buys for 50,000 shares each. Strange goings on. Seems that someone's trying to manipulate the price.

[dealit] 11/7/2013 08:23

Solid trading statement good size reduction in debt.

[eggbaconandbubble] 10/7/2013 11:02

Judging by the way the share price is going I doubt they broke into profit last year.
How are the shares held, re potential takeover target?

[red ninja] 09/7/2013 15:59

DC74,

Yes, I believe you are correct, AIM shares can be held in an ISA from this Autumn, but if you hold SPH in your ISA at the moment on the basis that they are on Euronext, you will have two options, transfer the shares out of the ISA or sell the SPH shares within the ISA.

[dc74] 09/7/2013 15:39

I would assume that the delisting from Euronext means you can no longer hold in an ISA, could causes number of forced sellers for a while having short term effect on share price

[red ninja] 09/7/2013 12:42

Euronext is seperate from AIM, but when a share is held on 2 indexes and delists from one, generally in my experience you get shares on the other index.

Thus, if you held SPH on Euronext (presumably denominated in Euros), these would all be transferred to AIM (in sterling). Ug, you might think as a foreign national, it is more difficult and expensive to hold my SPH holding on a foreign exchange and in Sterling. Thus, you sell your shares and that impacts the AIM price.

I accumulated a few yesterday as once the Euronext de-listing is over and some time has passed to allow former Euronext holders to sell I'm hoping for a bit of a re-rating.

At least we should save Euronext index charges.

[bend1pa] 09/7/2013 10:59

I don't know much about Euronext but isn't that totally separate from AIM? What I've been seeing is heavy (for SPH) and consistent selling presumably on AIM over the past few weeks and barely a buy trade in sight. Nothing seems to have changed fundamentally so I can only assume that this is panic selling by UK investors believing that SPH is going to be taken private, although I don't believe that's what the directors are planning either.

[red ninja] 08/7/2013 20:34

Is it fear of a delisting from AIM as that seems pretty unlikely or just that holders of SPH on Euronext are taking the opportunity to sell off. I mean it is probably a lot less attractive to hold SPH through AIM.

Meanwhile the weakening of the £ may be having some positive effect on income flow.

[bend1pa] 08/7/2013 16:55

I would not put any great store in some rumour-mongering article in the DM. What I believe is causing the share price to fall (now at a 15 month low) is the delisting from the French Bourse. PIs have been panicking out scared that the same will happen here. Not sure that it will. This company is about to become profitable from this year onwards so if they do delist they are not going to be able to raise capital so easily. A promise of a div over the next 2 years might help the shares.

[red ninja] 04/7/2013 16:02

Wonder if Tosca fund is no longer accumulating and that is letting share price drift ?

[+eysenck] 04/7/2013 16:01

This article was posted here recently about the possibility of a buyout - the 35p mentioned looks good now!

[hazelton] 04/7/2013 15:52

Was there an approach recently ?

[eggbaconandbubble] 04/7/2013 15:40

This is going to be taken private. BWTFDIK!

[eggbaconandbubble] 25/6/2013 09:43

For Chris Spooner and the other directors it must be coming painfully obvious that there is more to business than just doing deals.
They need to get some shrewd business accumen onto the board.
Or are they being devious?

[+eysenck] 12/6/2013 17:10

Wow - big fall on Tuesday. Any ideas why?

[steeplejack] 05/6/2013 13:54

Perhaps but more likely they simply think the stock is undervalued.

[red ninja] 05/6/2013 12:36

Mmm maybe they are increasing their stakes because they think there is easy money to be made with a private equity deal at 35p as suggested in the Daily Mail article in Febuary.

[steeplejack] 05/6/2013 08:51

Further institutional purchases here would appear to reduce the likelihood of the company being taken private.

[steeplejack] 05/6/2013 08:34

Tosca have now pushed their holding up to over 16% and Fidelity International Limited through nominee accounts of JPMorgan and Brown Brothers H.now hold over 5%.This company has an excellent quality shareholders list.

[dealit] 05/6/2013 07:18

Toscafund Asset Management LLP and FIL limited have increased there holding to over 5%, approx. 3.5m share bought.

[red ninja] 11/5/2013 12:44

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