Courtier1
09 Aug 2016
Re: RNS Thanks - useful.I will wait until I understand more about the funding then. seems to me this could be a problem for the stock for some time.
JudahBenHur
09 Aug 2016
Re: So as per my 27/04 post What's your take please onedb1?
Baker2005
09 Aug 2016
Re: RNS useful article here [link] they could not get enough interest to get this IPO away. Be careful, as this may mean other types of funding are explored.
Courtier1
09 Aug 2016
Re: RNS don't own but was considering buyingwhat concerns me around this statement is....1) market conditions - would have imagined as reasonably positive and biotech has certainly more than bottomed over recent months. Suggests to me that brokers have had trouble placing the stock at anywhere near acceptable levels - i.e. the 60p+ mark. Why - that seems odd to me as they would have done soundings prior to taking on the placing I would have thought.2) Do they need the placing cash from US IPO? If so then one of two things happen. either they have to do placing in UK (discount to current price??) or can they wait to do in US later? Markets are quite high at the moment - whilst I'm not a doom monger by any stretch I do think there is quite a high risk of a decent pullback anytime in the near future. If that arises can't see Motif raising higher than today.leaves me in a quandary. feel like I'm not being told something by the RNS. Lack of information should tell me not to take the plunge yet.Anyone have better information or insight than my ramblings?
penhome
09 Aug 2016
RNS In the RNS they have "deferred pricing of its proposed public offering of American Depositary Shares ("ADSs"
and listing of ADSs on the NASDAQ Global Market"Deferred pricing?Also they say that this is "as a result of market conditions"But Nasdaq and IShares Biotech ETF are at six month highs, so what market conditions?[link] haggling over listing price or a suitor???
pally66
09 Aug 2016
Nasdaq delay Hi allthis delay will scupper the current trend ......for a while anyway!. very annoying delay.Pally
Elster
08 Aug 2016
70 pence The old 52 week high is only thruppence higher.Hope it all goes well on Thursday on Nasdaq.Biotech is beginning to recover from the last 1/2 year.
Elster
08 Aug 2016
Re: NASDAQ ? Thanks for the link. Same minute as I wrote!
Elster
08 Aug 2016
Re: NASDAQ ? Maybe today, as sp is up 6% this morning
penhome
08 Aug 2016
Re: NASDAQ ? I think it was held up by a couple of regulatory ticks in boxesNow due to start trading on Thursday 11 AugustSee paragraph seven here:[link]
Elster
08 Aug 2016
NASDAQ ? I thought it was supposed to list there last week.
penhome
04 Aug 2016
Updated Chart Hi OneI'm still holding from when you gave the original heads up! Thanks!I've since added two more tranches so holding is now complete.Here's my hourly chart showing price in uptrend, breakout of RSI downtrend combined with the shift of the RSI into its bullish range capped off with a large bullish engulfing candle this morning.So in other words, this is looking quite positive.[link]
substp
03 Aug 2016
SEC approved It's done!"Certification by the National Association of Securities Dealers Automated Quotation approving securities for listing"[link]
substp
02 Aug 2016
.. [link]
onedb1
01 Aug 2016
So as per my 27/04 post am long at 47.5 , added as per strategy at 51 too SL I will move as I wake tomorrow , its still at 40p Tomorrow when I get the run pre market of where all my levels should be I will post my SL . For now this is a LONG ( 3,5months holding period ) and continues to show the validity of my adapted Trend Trade strategy . I am by far having my best year in 6 . I even nearly forgot about this as my third and fourth units were not added as per my rule book Shame but I remain happy
