Synairgen Share Discussion Threads

[toffeeman] 27/3/2020 17:42

Len Licht has sold 1m

[nobbygnome] 27/3/2020 17:40

No is the answer. That was a stupid comment of mine above!

[talk2dubya] 27/3/2020 17:40

Bought half my holding back in on the close. FOMO kicker in, not unusual to see a Company release an RNS with the admission of new shares to clear them out.

I dont think that will happen, but it’s clear that much of the firm placing has been forward sold. Don’t like it, but also prepared to accept the fact my investment here could pull back to 35p range.

Have some kept some ammo in reserve in case I need to average down (not much else worth investing in at the moment), have a seriously good / life changing feeling about this one.

Have a nice weekend in quarantine all!

[nobbygnome] 27/3/2020 17:38

I was wondering that. Is that a 10% reduction in his holding which corresponds to the initial tranche of shares which aren't relying on the GM?

[tickboo] 27/3/2020 17:36

The authorised number of shares has increased so one would have a smaller % unless took part in the placing.

[dealer55] 27/3/2020 17:26

Yep that’s the rules. A big holder selling is only bad if bad news is evident. This is cashing in on gains and reducing risk. If you know your millions are about to double etc maybe you move a bit elsewhere in case or for if it does. And sure if you get more at 35p defo sell some in profit at today’s price.

[dave444] 27/3/2020 17:14

Every 1% at 3% or above is notifiable

[3fiona] 27/3/2020 16:57

WHO officials enroll first patients from Norway and Spain in 'historic' coronavirus drug trial https://www.cnbc.com/2020/03/27/who-officials-enroll-first-patients-from-norway-and-spain-in-historic-coronavirus-drug-trial.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

[801710245] 27/3/2020 16:56

Don't companies usually issue TR-1s when some threshold or other, has been crossed?
I wasn't aware falling below 10% was one such 'notafiable' (have I spelt that right?) threshold.

[fez] 27/3/2020 16:53

News from Southampton...

Southampton is part of the national effort to prevent, diagnose and treat COVID-19 and, in line with national guidance, we are currently prioritising COVID-19 research activities at this time.

...nothing material except confirmation of current trials...

hxxps://www.uhs.nhs.uk/ClinicalResearchinSouthampton/Research/News-and-updates/Articles/COVID-19-important-update-for-Southampton-researchers-and-study-sponsors.aspx

[best1467] 27/3/2020 16:27

From what I understand this Protein should certainly help with the most Critical affected to reduce the burden which in the current climate should be more than enough to appease the quick quid merchants

[tidy 2] 27/3/2020 16:19

Same as Griffiths they are part of the placing so using the cash to fund it from sold shares.

[spqstrader] 27/3/2020 16:17

Nobby,Look at RNS dated 15 Oct 2018. Same format. He had 9.78% then. He has reduced by 1%. I'm not sure it means anything sinister..

[d1nga] 27/3/2020 16:14

sloppy RNS , should be corrected by the company, showing his previous stake and new stake , agree with Nobby looks like he's just bought in by the RNS

[toffeeman] 27/3/2020 16:11

hxxps://www.synairgen.com/investors/major-shareholders/

look quick before it gets updated!

[nobbygnome] 27/3/2020 16:05

So why wasn't it a TR1? An announcement like this usually indicates a new purchase and not a change. But if true I bow to your superior knowledge.

[flashheart] 27/3/2020 16:00

Good point blueblood.

[toffeeman] 27/3/2020 16:00

So he has reduced his holding - he used to own 10.7m shares

[blueblood] 27/3/2020 15:59

Maybe replacing them with new ones from placing

[crookie3634] 27/3/2020 15:58

Held 10% previously now 8.8% might be what was being worked this week.

[crookie3634] 27/3/2020 15:57

He sold 1.5% not a new holder

[nobbygnome] 27/3/2020 15:53

More good news. His will be sticky hands....so a lot less shares in the free float!

[makendon] 27/3/2020 15:50

Whoop, good news




Synairgen PLC (LON:SNG), the respiratory drug discovery and development company, said it was informed on 27 March 2020 that Leonard Licht, a private investor, now holds 9,720,000 ordinary shares in the company, representing 8.88% of the issued share capital.

[nobbygnome] 27/3/2020 15:44

Price taking off....

[mo2550] 27/3/2020 15:40

Lenny - not just dipping his toe in this