Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It has been too long since I revisited AIM-listed biotech Scancell (SCLP). Much has happened since I picked it as a share for 2015 but it is egg-on-face as the shares have more than halved, with (so far) no value-enhancing corporate deal on the table. The clinical trial on the company’s lead product, SCIB-1, is done but there have been funding questions – correctly called by Tom Winnifrith. Now we have an EIS-qualifying open offer on the table alongside a placing, with some detail of plans going forward. Still holding my shares, the question is what to do?
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Comments
alcira16247
Nigel
Thanks for a great article.
I sold out @27.5p back of last summer, following Tom’s story on an imminent placing. It was a ruddy good decision as ever since the share has gone south.
Would I reinvest, even at current levels? No, I don’t think I would……
Cynically, if the company really did have such ground breaking new science in fighting the targeted cancers, wouldn’t have a major pharmaceutical, stepped in offering an joint venture partnership or bidding outright for the company, by now?
I don’t like the apparent greed of the directors in awarding themselves options for other than doing what they get well paid for doing…ie. running the bloody company!
I sincerely wish the company all success in their endeavours, but for me, as an investment, nope.