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BREAKING: Avacta – dissembles as placing fails

By Tom Winnifrith | Monday 19 June 2023


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.


On Saturday, I revealed that Stifel was running a £10 million book build for Avacta (AVCT) at 90p HERE. On Sunday I reported that it might now be at as low as 80p HERE as the response had not been good. Today Avacta has dismissed the attempted placing as market speculation and says there is no imminent fund raise. It misleads. There is a partial fess…

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