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Oxford Nanopore – forget the broker hype – look what the insiders are doing

By Tom Winnifrith | Friday 8 October 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.


The IPO of Oxford Nanopore (ONT) was Christmas came early for the brokers involved.. Raising £1.87 billion of either new cash or from flogging shares for exiting shareholders at 425p will have generated almost £90 million in commission which, even in these inflationary times, will buy an awful lot of coke and upper class hookers. To support such an exercise there were numerous enthusiastic buy notes.  So with the shares now at 577p should we believe the bullshit buy notes?

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