Summit Therapeutics Share Discussion Threads

[waterloo01] 26/6/2016 16:21

I'm not for going against 'the will of the people' but I do feel many just wanted to punish the Tory govt and austerity (disaffected Labour voters)and have ended up kicking out at the EU. The reality is many will be poorer and suffer more austerity with the UK out. If Corbin had actually argued that with a little passion, the outcome would have been different.

It's not beyond reason that if we have new Labour leadership and a new Tory govt that we might well get a general election outside the 5 years term (which in itself is relatively new to the UK). Further given the vast majority of MP's are not in favour of exit...I suspect the fat lady is chirping still!

[abergele] 26/6/2016 14:34

I believe Tim Farron of the Liberal Party has announced just that H al.
vote liberal and we stand for staying in the EEC..it's the only way that they will ever gain ground over the two main parties,,,

[luminoso] 26/6/2016 14:11

And why do you feel that an election will bring a Remain mandate ?
This referendum has let the genie out of the bottle.
Look at the political map of Britain - its been torn up.
The Two main parties are ripped apart and how can they rebuild themselves quickly enough into 2 viable governing bodies in the electorate's eyes ?
There would most likely be a hung parliament, with UKIP ( the biggest winnners by far in the Referendum ) as the power brokers.
Xenophobia and Ignorance are just one side of the unacceptable coin being flipped around. The other side is Intellectual "we know better" Snobbery.
Both are products of a Capitalist system that has rejected its " One Nation " past, which worked fine, and has now created a grossly market rigged and unequal world through sheer greed. That is the culprit of this mess, not voters in Sunderland or anywhere else for that matter.
What we need is a bit of Mandela style Reconciliation and Reconstruction, not more voting.

[chrisatrdg] 26/6/2016 12:55

Hi All - There is unlikely to be another referendum but the petition is a very strong vehicle of protest which cannot be ignored - now above 3m.

The way forward is going to be a general election (pretty sure) and I believe that there will be a game changer following some agreement with the EU that can be put to the country to reverse the decision i.e. change through a general election.

I have been speaking to a former aid to David Cameron and I am trying to get some form of consensus on the subject which will become clear in the national media hopefully shortly.

We are still in the EU and the 'fat lady has not stopped singing yet'.

This is a good forum for Summit and I do not want to take up much more space on the EU subject but this is greater than all of us.

I just want to bring stability which we currently do not have.

I fear a meltdown in the markets on Monday and a total breakdown in the Union created by the Out vote - I hope they now realise what they have created.

[luminoso] 26/6/2016 12:16

I am sorry but I just don't understand this call for a second referendum. I am not particularly happy with the result of the referendum, myself, but is the solution really to keep asking for a vote until we think the 'right' result is produced ? No, is my answer.
Referenda are totally unconstructive exercises in my opinion and a kind of mob rule democracy, when you look at the quality of the debate on BOTH sides of the argument.
However, should people not have complained about the process before it started and petitioned for it to run differently, rather than now asking for a re-run ?
Perhaps they were just confident of winning it that time.
As the referendum showed, a lot of people came out and voted 'Leave' out of protest against the political establishment,Tory and Labour Govts, which have left them out in the cold, not benefitting from the wealth created by this increasingly globalised free market world. That group of voters clearly tipped the balance to a Brexit victory.
BUT now there are calls for the establishment to ignore their wishes and constitutionally undermine the Referendum result ?!
What the hell would that do for the confidence in our democracy, for the inclusion of the disaffected in the political process ?
You don't give people a vote and then tell them they got it wrong, so we'll ignore it and carry on regardless.
And as for healing divisions, exposed by the Campaign, in our society - it can only make the whole situation worse.
Anyway, whatever I feel about the result, in the grander scheme of things this vote was like swapping deck chairs on the Titanic. The Titanic being the Global economy. Looking for a sunnier spot on deck is all very well, but we are going down the same way when we hit that Iceberg of Debt a few years from now. By then we may not even have completed Brexit.

[freedosh] 26/6/2016 12:09

Agree christstrdg
Snap election with a Remain mandate is probably the best bet.

[football] 26/6/2016 11:52

freedosh the share price up or down friday and only 1 share i hold when down, the IN lot only have fear the OUT lot have hope that things will be better in the long run and are not thinking about themselfs and there pockets but what they think is best for the UK






Revealed: Second EU referendum petition was started by right-wing activist who backed Brexit

[freedosh] 26/6/2016 11:51

Indeed football, those voting to leave did so with their heads. Shame they were running on empty.

[freedosh] 26/6/2016 11:37

A message to Sunderland (previously Nissanland)
Welcome to the Northern Poorhouse.

[chrisatrdg] 26/6/2016 09:19

Hi freedosh - You are so right and I will be working with others to reverse the decision through the Parliamentary process i.e. a general election. The 'seed' was sown by Phillip Blond of ResPublica on SKY news yesterday afternoon (post 4.30).

We are still in the EU and the 'fat lady has not stopped singing'.

Well done freedosh.

My e-mail is [e-mail]

[football] 26/6/2016 09:13

freedosh why sign a petition when you lost by 3.8% over all or 7.6% just using the english vote, if it wasn't for them trying to fix the vote by letting 2mil more people sign up after the dead line was closed and this i hate to say but the death of Jo Cox's when the leave lot had a 9%+ lead which got all wiped out over nite this would of been a landslide to leave.

Now we have the "snowflake generation" all crying again and throwing the toys out of the pran again it only needed 1 vote to win and not 1,269,501 to win like it was and is was also good to see that people VOTED with they heads this time and not there pockets.

[freedosh] 26/6/2016 08:41

I have signed the petition but see little constitutional precedence for its support but I have also written to my MP suggesting that parliament reject the Referendum advice. For that there is a clear constitutional pathway.

"Dear Mrs May,
As one of your constituents I wish to express my support for a rejection by Parliament of the referendum advisory vote to leave the EU.
I do not want to see the disintegration of the UK nor indeed that of the EU.
Political and economic suicide will ensue if we proceed with an exit.
Yours faithfully
etc"

[hyper al] 25/6/2016 20:56

waterloo01

o/t

True that thread has gone down hill. yep risky as well.

[waterloo01] 25/6/2016 20:28

O/T I've kept an eye on them since you mentioned them a few years back. I'm not keen on miners not in production and with somewhat unknown financing (have enough of that with SUMM!). In my experience miners do one thing well, and that's throw money down holes!

Their BB's a bit poisonous, including with one poster who says he has a notifiable holding?

[waterloo01] 25/6/2016 19:32

There are a number of stocks that 'should' survive/thrive ex EU (trying look for upsides to the madness).

Obviously gold and other resource companies that sell in $$ but report in ££, but also pharma/biotech for the same reason(both up Friday). Given how much of the FTSE 100 have earnings in $$, I suspect that explains why the UK markets weren't as bad as they could have been. I'd expect the FTSE 250/350 to be hit hard generally.

Anyone who imports is going to get hammered or is sensitive to both interest rate rises (they will quickly follow any inflation) or/and consumer spending (peoples pockets are going to feel this and quite quickly IMO and I bet they quietly cancel any rises in the minimum wage). I'd avoid UK financial services and banks big time.

[chrisatrdg] 25/6/2016 19:01

Sign if you want to change your mind or go for reversal of the vote:

[luminoso] 24/6/2016 17:06

Yes, I think biotechs are generally well protected from sterling weakness, especially if their primary target market is the U.S. I have shares only in biotech and Gold companies - not been such a bad day for the portfolio.

[tightfist] 24/6/2016 15:56

Interesting that a jam-tomorrow stock like SUMM can be a riser on such a dire and distracting day in the markets; that seems very positive - maybe it's recognition that revenues will mainly arise in foreign currency.

[visionon] 24/6/2016 14:01

also quite interesting:

hxxp://www.bbc.co.uk/news/uk-politics-eu-referendum-36599417