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SUMM Summit Therapeutics Plc

20.50
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Summit Therapeutics Plc LSE:SUMM London Ordinary Share GB00BN40HZ01 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.50 18.00 23.00 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Summit Therapeutics Share Discussion Threads

Showing 41376 to 41399 of 41850 messages
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DateSubjectAuthorDiscuss
17/12/2019
13:43
I think HL are misleading you there waterloo.

I already hold US Summit ADR's (SMMT) in my HL ISA. And they will allow me to buy more right now - albeit I have to leave a fill or kill order as the US market isn't open yet.

someuwin
17/12/2019
13:26
pharma giles, yes according to HL you can't hold these in an ISA. OK in SIPP and trading accounts, but not ISA.

If you take no action they will either be sold or converted to certificates. However do check with your own broker as they might have a different view

Pain to say the least.

waterloo01
17/12/2019
13:22
Hi Waterloo - tried to get feedback from ii re converting within my ISA, but their response wasn't very helpful. Have you heard there could be an issue with ISA holdings? Thanks and hoping the company will give more info on the converting process, sooner rather than later.
pharma giles
17/12/2019
12:01
You will have a number of options. As long as they are not in an ISA, they will exchange them at 5:1 for ADR's which you can then trade or not (you need to fill out a simple form from most brokers about holding non UK stocks). Alternatively the shares will be exchanged for paper certificates. Less certain about this but these will trade off market, which I think is a facility they will set up.

Best unless in an ISA to exchange them for ADR's IMO

Edit: There should be a secondary market as they can still be exchanged for ADR's anytime, so is an arbitrage option for a broker. IMO

waterloo01
17/12/2019
11:20
What happens next to our AIM quoted share certificates when they delist from AIM? Thanks for any help on this.
infocusint
16/12/2019
17:35
Results tomorrow not that it really matters as we are fully funded now.
kirk 6
16/12/2019
15:55
This is a bit off topic, but as a scientist I consider what's discussed in this video very important and hope my friends on here can spend 30 minutes watching this.



and maybe following the other 11,000 scientists who say we have a climate emergency, a global emergency which Governments and Big business are just ignoring!

I trust doctors and GP's. The people, big business and Governments should trust what scientists say. If a doctor tells you that you have a problem that needs sorting you don't just ignore them.

Stop burning fossil fuels.

hyper al
13/12/2019
17:24
The Americans are more likely to bite the bullet on making sure that drug companies can make a return on their investment in creating new antibiotics.

I listened to a piece about it some time ago on R4 and it won't be happening in the UK any time soon.

So moving to America with a substantial backer is better than staying here. IMO

hernando2
13/12/2019
16:02
The Disarm act might address this. However I've also heard that the US might pass some changes regardless so that hospitals get reimbursed the cost of any new antibotics.

Could change some of the market fundamentals more probably than any other news.

waterloo01
12/12/2019
12:53
sikhthetech

CERTIFIED or CERTIFICATED?

metis20
12/12/2019
12:42
Waterloo,

"Key for me is that I can trade them, should I wish and with relative ease online."

Online trading is not a problem with brokers who deal with foreign holdings...I had no problem dealing with US shares held within my HL account...both SIPP & ISA
Tfr from one broker to another is usually minimal cost anyway...


However, the CONVERSION from UK to US can be time consuming...
The cost, time and money, for CERTIFIED holders can be a lot...

sikhthetech
12/12/2019
12:34
Ceva, another company shares I owned, which were UK then US...

Several posters took years to get their certified holdings back after they were escheated by State of Delaware...

sikhthetech
12/12/2019
12:24
sikh....I'm not intending to go in to holding the paper but will transfer out of Barclays directly to ANO broker. The cost of this are minimal. However I will agree with you that there are some extra trading costs and currency changes, however unless you are thinking of actively day trading, it's not a big issue. Key for me is that I can trade them, should I wish and with relative ease online.
waterloo01
12/12/2019
12:13
waterloo,
"Confirmed HL amongst others have no issue holding these and ADR's in any of their accounts."


Absolutely, HL hold ADRs as they did mine and Barclays used to hold my Ceva directly with their Market Maker Account...


HL also converted my UK shares to US..
but
it took them weeks, over a month and was costly and time consuming for certified holders.. they gave all sorts of excuses for the delays...
crucially whilst the conversion was taking place, the shares could not be traded...

and look at the trading costs, spread, currency conversion costs etc...

See Pace thread from about here onwards, which was when the results of the GM were announced -
read to about Feb/March 2016...
Lots of posters with different different brokers with different experiences..

sikhthetech
12/12/2019
11:46
Hi All SAXO minimum value is £100,000 I spoke to them yesterday.I will wait for further advice from Summit.I am in the process of converting to certs.
chrisatrdg
12/12/2019
11:28
They will also transfer to ANO broker at no charge. Confirmed HL amongst others have no issue holding these and ADR's in any of their accounts.
waterloo01
12/12/2019
11:24
Thanks for that info metis, that could be very useful for me.
vatnabrekk
11/12/2019
22:57
Sikh..... Barclays are useless. Have been for a couple of years. Most other brokers already trade smmt and will happily convert as per the company statement.

Barclays will however transfer the existing shares to another broker who does allow US holdings which one can then trade. At least that's my current understanding. I suggest people do so unless like some you are happy with a paper

waterloo01
11/12/2019
20:31
When a company issues shares of stock it will be accompanied by a stock certificate, also known as a share certificate. Most certificates are managed electronically. However, an investor may request a physical copy of a stock certificate for administrative purposes. Stock certificates will include the number of shares owned, the date of ownership, identification numbers, a unique corporate seal, and management signatures.

Stocks with a certificate are called certificated shares, while stocks without a certificate are called uncertificated shares or book-entry shares.

metis20
11/12/2019
20:17
Waterloo, "hold US stocks"..

Hold currently listed US in nominee, yes, but I'm talking about certified converting from UK...

Chris posted that Barclays wouldn't convert but they would automatically sell, didn't he?

Do keep up...

sikhthetech
11/12/2019
18:25
No there aren't there are loads of brokers able to trade Nasdaq lol and that's just uk brokers
kirk 6
11/12/2019
18:22
Goodness it's true a little knowledge is a dangerous thing. Most stockbroking accounts, including the main online ones will hold US stocks. You just sign a couple of forms.
waterloo01
11/12/2019
18:15
For certified holders... Looking for a Medallion Stamp Guarantee...

"Typically the only banks that may offer such a service are banks who deal with high net worth clients. In the UK none of the main street banks such as Barclays Bank, HSBC Bank, Lloyds TSB or Natwest offer any kind of signature guarantee or medallion service."

sikhthetech
11/12/2019
18:04
I haven't questioned why they leaving AIM, have I? As is expected it's twisting the content of my posts..


Why do you think the huge international bank/broker, Barclays, will sell any SUMM shares held with them in nominee accounts?

There are very few brokers/banks who will go through the process..
Why do you think that is?

I've had 3 companies move from UK to US, with shares held in certified and nominee account..The certified shares were escheated by the State of Delaware...


There's also the issue of Mr Duggan taking a huge 73% of the equity and nothing stopping him buying out the remaining if and when HE chooses to do so....



Arb trading is usual under the current circumstances. The real test will be when the deal becomes effective...

sikhthetech
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