"SAROSSA (LSE:SARS) appeared in our 'punt' portfolio, something which tends to be ignored from year to year as it comprised a batch of shares that had a couple of hundred quid sprinkled on each, then forgotten about until a rainy day in the ..."
Silence shares risen strongly over last month to £2.85 today. Maybe worth a punt on SRC as their stake is now worth £5.7m. With £7m in cash plus a stake in PHC and a care home operator this has got to be worth more than the market cap of £8m. May buy a little stake as total assets must be over £14m
Hi Everybody I have now sold my shares at a lost but I keep on getting phoned up by a Global Company probably in India and their latest ploy is saying you were cheated out of money when you sold your shares, It is just a ploy usually tied in with paying money via a Money transfer oufit to them and is an obvious scam they claimed the shares are worth £15 so beware.
Some encouraging signs of life in this old dog - new investment in a completely unrelated field ( unless one takes the cynical view of pharma development being a form of gambling) but also a sizeable investor showing faith by crossing the 5% threshold. Will stick with them for a while longer in the hope of recovering some of the loss. Perhaps this board will also revive.
Hi there! I look in at this board now and again and did in fact e-mail the company in September with a polite request for information. I did not get a reply.
I honestly can't see me getting any of my money back with this share (currently 95.13% down) but at least they haven't gone completely bust.
Why not drop them a line yourself? You may have better luck than me, it would be interesting to see at any event.
Antisoma, a small UK company that formerly specialised in developing cancer therapies, returned to better health this week with results showing it was back in profit.
The company announced pre-tax profit of £424,000 for the year to June 30, compared with a pre-tax loss of £77.9m the previous year. Those losses had been high because of the cost of final-stage clinical trials, the most expensive stage for biotech firms before the drugs reach the market. But for Antisoma, this did not happen.
In early 2011 both of its drugs failed in final-stage trials and it subsequently stopped all its clinical and biotech programmes to save cash. Antisoma transferred to the junior market and reclassified itself as an investing company earlier this year. The company has made one investment so far of £1m in a fellow Aim-quoted care support services business.
I note this paragraph in their last annual report..
"...Antisoma was subsequently admitted to AIM on 11 January 2012 as an Investing Company with an investing strategy under which the Board intends to identify investment opportunities offering the potential to deliver a favourable return to shareholders over the medium term, primarily in the form of a capital gain. A particular consideration will be to identify businesses which, in the opinion of the Board, are under-performing and present opportunities for value creation. The Company's equity interest in a potential investment may range from a minority position to 100 per cent. ownership and the interest may be either quoted or unquoted..."
Does anyone have any idea what they have invested in or what they intend to invest our money in? 2013 is fast approaching and I was wondering what they have spent this year doing?
Cash £13.56m. Stopped cash drain (0.26m loss last half compared to £15m+ in 2010). No deferred tax asset recognised in respect of losses (may be abe to offset any future profits...if there are any).
Small punt? No idea of the track record of the guys making the decisions on investments - anyone any background/inside info?
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