Synairgen Share Discussion Threads

[tidy 2] 25/3/2020 15:39

The net proceeds of the Fundraising will be used: (i) to fund the COVID-19 clinical trial activity; (ii) the manufacture of the SNG001 drug product and other supply chain considerations; and (iii) for general working capital requirements and to strengthen the Company's balance sheet.

[hazl] 25/3/2020 15:36

'W' on the chart

[mo2550] 25/3/2020 15:25

Can't get quote to buy....

[likya123] 25/3/2020 15:25

Most confident placing I've ever seen!

[saw89] 25/3/2020 15:20

Especially in the current overall market climate

[saw89] 25/3/2020 15:19

They’ve raised a huge amount at a good price when you consider it was 20p a share 17th March. Big money won’t do that unless there’s confidence

[toffeeman] 25/3/2020 15:16

If they were more certain, they would have raised more at a higher price!

[hazl] 25/3/2020 15:10

Well gives me the excuse to get more if it goes any lower and as people above suggest....perhaps we wont get the opportunity!

[pdt] 25/3/2020 15:10

Good, they can now negotiate from a position of strength. The Placing was widely expected and I wonder if that was to a certain extent a drag on the price, nobody likes uncertainty.

However, the news of the day was posted earlier by Timbo ...

[dave444] 25/3/2020 15:10

Hi timbo Agee very good price

[silversox] 25/3/2020 15:07

Always been a glass half full man.

[jobcfc] 25/3/2020 15:06

Must be very confident of the outcome of the trial!!

[nobbygnome] 25/3/2020 15:06

Thanks for the information Tim! Overall it's good news but more shares and a lower price than I would ideally like. But it is true that they now retain 100% of the asset which shows confidence.

[d1nga] 25/3/2020 15:05

but they'd have to say that silversox , they couldn't say anything else really.

lets hope the trials a success

[saw89] 25/3/2020 15:05

To be honest it was 20p a share on 17th March so to get 35p (nearly a 100% premium) is actually very impressive indeed

[likya123] 25/3/2020 15:04

Saw, wait unitl the positive news of the the covid-19 starts to filter through.

Why prepare the drug in massive volume if they're unsure?
Because that's exactly what they're doing!

Synairgen know they've a blockbuster drug and this £14 million is the the biggest hint yet!

[silversox] 25/3/2020 15:03

"To manufacture the drug and other supply chain considerations"
They think this is a runner and are getting prepared.

[mostro] 25/3/2020 15:03

Pulling of a placing of that size and at that price in current market conditions was very good indeed. Price will be moving up again by close of play today!! IMHO

[saw89] 25/3/2020 15:00

The more I think about this the better I feel. After the initial shock, to raise so much in this climate is impressive considering it was mid thirties last week

[toffeeman] 25/3/2020 14:59

Nothing available for the PI - according to my broker - it's targetted to VCT and EIS funds who will pass on the tax relief, but at the rate they will allocate to subscribers, it's not worth it.

[inv] 25/3/2020 14:56

They can fast track through phase 1V trials. Wow!!!

[arab3] 25/3/2020 14:56

Trust you, you are having a giraffe Likha !!!!

[timbo003] 25/3/2020 14:55

>>>>dave, I have no desire to spend time at Her Majesty's pleasure and I have been in Synairgen for 5+ years, so there was no way I was ever going to sell any.

I think the BOD have done a good job to raise so much at a pretty good price. The fund raise was first muted on the day of the Covid trial announcement (March 18th) and the share price closed at around 25p/share that day, so as you can imagine the initial price discussions were likely to be somewhat less then the 35p/share announced today.

[tialouise] 25/3/2020 14:55

A fantastic bit of business, onwards and upwards

[likya123] 25/3/2020 14:53

Mirroring what happened at Novacyt.

The nost positive placing I've ever seen. 
Synairgen know they have a blockbuster drug and they own 100% of it!

£14 millon to fight off low bids is fantasic!!

Those waiting for 35p will have to pay 45p (if they're quick) and trust me, that will be an absolute bargain in a few weeks!