Vectura Share Discussion Threads

[richman777114] 27/4/2020 16:47

could be a well timed entry Polarisi held through the painful IG margin calls as the stock fell to 58p and was pleasantly surprised by the bounce back into the 90s at a time when the market was tanking-still can't figure out the reason for such a sharp bounce!

[richman777114] 27/4/2020 15:40

looks like a well timed entry Polarisi held through the painful IG margin calls and was pleasantly surprised at the bounce from 58p back into the 90s when the market was tankingstill can't work out the reason for the sharp bounce!

[polaris] 27/4/2020 14:14

Here are the actual numbers for the dates 13/3 - 19/03 with columns as:
date / volume bought / average price / value / total of mandate / total bought back / average price of mandate / shares in circulation before any options vested / shares in circulation

13/03/2020 149460 73.7077 £110,163.53 £9,464,852.66 10538736 0.8981 604,766,856 605,092,924
16/03/2020 168179 69.0327 £116,098.50 £9,580,951.17 10706915 0.8948 604,598,677 604,924,745
17/03/2020 280000 62.0785 £173,819.80 £9,754,770.97 10986915 0.8879 604,318,677 604,644,745
18/03/2020 299800 64.0927 £192,149.91 £9,946,920.88 11286715 0.8813 604,018,877 604,344,945
19/03/2020 83805 63.2252 £52,985.88 £9,999,906.76 11370520 0.8795 603,935,072 604,261,140

[a1ord53] 27/4/2020 14:09

Polaris , they bought on 17 March 299k average 65-66 p and on 18 th March 85k average 60-65 p .
No millions unfortunately :(

[popper joe] 27/4/2020 13:47

We live in interesting times. Many companies won't survive, but those that have cash and no debt have a better chance. The board probably thought that it would be more prudent to hold the cash, in the same way that many companies have chosen to retain cash rather than pay dividends. That doesn't mean that the directors "don't trust what they are doing".

[polaris] 27/4/2020 13:45

a1ord53 - the first mandated buyback completed on 19/3 and VEC bought large chunks on the 17-18/3 at low 60s. The average buyback price for first tranche was a tad under 88 p for 11.37 M shares. There were almost 1 M buybacks at prices averaging under 70 p. The share price fall happened right at the end of the first mandated buyback. The second mandate will start sometime in Q2, according to the results.

edit
the 2 largest buybacks were at the lowest prices during the whole buyback period.

edit edit
Just bought my first new position on that fall back sub 93.

[a1ord53] 27/4/2020 13:35

Polaris, same on my side - been stopped out of half of my position back in March average 68p. And replaced tiny part @ 90p.
Actually los los case.
I am wondering why Vectura guys didnt buy back shares at 60-80 p ???
They have 10mil £ approved for buy back - is 60p was to high for buy back ? They were buying back at 85-100p range and 60-80p did nothing and insiders didnt buy too.
Why ? Dont they trust in what they are being doing ? Why they didnt buy back ?
Thanks Polaris and all for your views and opinions.

[polaris] 27/4/2020 11:07

Not been posting here for a while. Goldies finally got my trading pot back up to parity and so i've been releasing some margin.

I see that pretty much all of the buyback will now be re-issued to cover the various share plans...must say i am not a fan of that approach and it does seem rather underhand. That's a huge number of shares set aside for performance related options. The only upside is that if they all vest then VEC will have really upped revenues and operating profits.

I was looking to buy back some positions but see that the share price has taken off again. Every time i look to release margin to make a move here it goes on a run. So, still holding zero positions. Time is running short as i'm expecting the news on QVM149 soon and some feedback from US GSK litigation, although maybe that'll be delayed by Covid-19.

[pdoc] 22/4/2020 19:51

Anyone see the money grab in the past few years? Report two days ago showed a 25% increase in "Total remuneration of key management personnel" from £2.4m (2018) to £3.0m (2019). Then today there is block listing of 10 million shares "to be issued pursuant to the exercise of awards under the following Vectura Group Share Option Plans". It is so good to see that the snouts are still very much in the trough. When the old man paid himself those millions before he left I thought that might be the end of it. They are happy with 70 - 95p. This is going nowhere.

[cockneytrader] 19/4/2020 01:11

Off topic. Wise words from Charlie Munger

[cockneytrader] 17/4/2020 16:34

Off topic. On the Remdesivir rally - I really wanted to believe. However, on further investigation on the Gilead website, it turns out that they can manufacture 500,000 treatments by Oct 2020, and 1 million by Dec 2020.
This will do nothing on the ground anytime soon, enjoy your continued lockdown and watch the UK economy tank!

[cockneytrader] 15/4/2020 00:42

Off topic. My own analysis suggests a strong asymmetric correlation between revenue and profit. Without going into numbers, on average a 25% fall in revenue equates to a 50% fall in eps. If P/E ratio remain equal a 25% fall in revenue would equate to a 50% fall in prices. (i.e., DOW 30000 > 15000 and FTSE 7500 > 3750)

Be careful!

[best1467] 14/4/2020 19:53

For what is worth I’m surprised the market as come back as it as and I’m not convinced we are not in for further downside but I suppose it all depends on when things start to open up again .Regarding Vectura would I begetting back in at these levels in the current climate I’m not sure.
I would suggest the $32 million Pacira milestone is likely to be put back a year with all none emergency operations put on hold not sure about the Potential GSK Windfall will that run to the dates given and we have the other two short term drivers which I can’t think of the Names off the top of my head.
But the Biotech sector as performed very well and outperformed most others in the last Month if I was looking to get back in I would be inclined to drip feed over the next few weeks months depending on the price

[cottonpickers] 14/4/2020 18:34

I think joining ftse250 will pull us up some more come summer time.

[base7] 14/4/2020 18:24

decent levels of profitability & ,hopefully increasing dividends,eventually.
Apologies for the continuation but my screen froze !!

[cockneytrader] 14/4/2020 17:15

Off topic. The market in general looks like a trap. US bank earnings significantly down this quarter, with more bad news next quarter. DOW up 400 points - I smell a rat!

[westofengland] 14/4/2020 16:23

Polaris, well done on the gold call.We will be happy to have you with a position here again.For choice, I wouldnt sell all the gold.I think there will be rewards both here and with the golds.

[cockneytrader] 14/4/2020 14:23

Whether you are in at 70p or £1, won't make much difference three, four or five years from now. If you are worried about a further tanking of the market hold some of your intended holding, with the intention of buying more at lower prices.

[pooroldboy55] 14/4/2020 13:12

Hi Paul
Will this do have a feeling in my bones this could well be over a pound in a few weeks .POB

Them bones them bones think there could be a song in there somewhere now i'm showing my age.

[polaris] 14/4/2020 12:22

It has taken some time for me to be relatively sure that I have seen the worst of the hits to my trading pot. This morning I finally transferred my 'emergencies' cash back to my current account. I like to keep 3-6 months of cash in that account for rainy days and was unhappy I had to move it to fund my trading account margin.

I've analysed all the positions and am actually down on VEC overall! That was all caused by me opening new positions on the way down when we reached 70 p, thinking it was the bottom. Had I waited 2 trading days then my buys would have been low 60s on those positions I had to close on the break of 60 p, a minimum £25 k turnaround on the bounce back to 90 p. That's how close it was to success, but capital preservation can be a unforgiving mistress.

Now my goldies are finally moving upwards then I would like to scale back in here. I would like some great positivity from a certain poster to allow me to get the best possible prices. ;-) I'm still heavily long gold so I doubt I'll be anywhere near the 260 k position I had here back in mid-February. However, I can't have a zero position in my favourite stock for much longer...

[popper joe] 10/4/2020 12:08

Possibly found themselves over 5% as a result of the share buy-back.

[polaris] 10/4/2020 11:54

That's not a large change from Aberforth. They only declared a position in February (RNS 20/02) and went from no declaration to over 5 %. This one sees them reduce from 5.01 % to 4.91 %.

[a1ord53] 09/4/2020 16:43

We have new seller - Aberworth - any views or comments ?
Thanjs all in advance for your opinions .