5 ms·

What is worse this is a public traded company: https://markets.ft.com/data/equities/tearsheet/summary?s=OMY:FRA https://markets.ft.com/data/equities/tearsheet/

• gertrunde 6y ago
  Also mentioned in the article: "Stock market rules mean Synairgen is obliged to report the preliminary results of the trial."
  • londons_explore 6y ago
    Which rules exactly? Plenty of of publicly traded companies keep R&D projects secret...
    • weego 6y ago
      We're specifically talking about clinical trials.
    • bluGill 6y ago
      There comes a time when you can no longer keep something secret even if you try. The next step in getting this approved requires that some people be told about this that you must assume will not keep it secret (ie a journal that goes to libraries for anyone to read). Thus at this point they have to tell everyone who might invest, that way they can't be accused of telling their friends.
• dmix 6y ago
  To be fair the stock wasn't worth much before today... It's far easier to get big sounding percentages with small numbers.
  • system2 6y ago
    Still, if you put 100k, you get 200k back.
    • dmix 6y ago
      And just as quickly the other direction, which is the risk with low value/penny stocks and high volatility without a strong base. Still I'm not suggesting anything is atypical here (besides BBC declaring it a "breakthrough"). If anyone 'deserves' to be well capitalized it's companies doing research in this email to area with real clinical trials. It's hardly the last time people will gamble on preliminary results even beyond COVID, googling "preliminary results" will provide plenty of evidence.
      • chrisweekly 6y ago
        "research in this email to area" typos? voice transcription errors? no idea what you intended to convey here...
      • deleted 6y ago
        [deleted]
    • idclip 6y ago
      Before tax, also the long train is past, time to short it for the week.
    • dalore 6y ago
      If you use leverage and take options you can put in 1k and get 200k back.
      • justzisguyuknow 6y ago
        This sounds just like a great Bitcoin opportunity I saw recently in a tweet from Elon!
      • im3w1l-alt 6y ago
        A large company is guaranteed to have been analyzed very carefully by skilled analysts. If you have a small sum to invest, a big risk appetite and you are willing to do your homework then you are better off trying your luck with understudied companies in inefficient markets. It follows from the theory of comparative advantage. The big players can extract a lot more than you can from big companies but only a little more from the small ones.
  • johnwheeler 6y ago
    What?
    • ajuc 6y ago
      https://en.wikipedia.org/wiki/Low_base_effect https://en.wikipedia.org/wiki/Low_base_effect
  • keymone 6y ago
    What do you mean? The specific price per share doesn’t mean anything. It’s just a number calculated from value of the company and number of shares.
    • Spivak 6y ago
      If I get my first sale today for $1 and then tomorrow make a sale for $3 I can say my daily revenue is up 200%. The impressiveness of growth percentages drops off when your base is small.
      • graeme 6y ago
        The argument you’re looking for is that the market capitalization is small. The stock price itself is irrelevant and depends on units of stock extant.
      • keymone 6y ago
        If Apple does 1:100 split and their shares will have new price of $3.89, will that somehow make Apple stock more volatile?
  • xorfish 6y ago
    The price of a stock doesn't matter. A company with 100'000 shares that are worth $100 isn't worth more than a company that has 10 million shares that are worth $1.
    • zaroth 6y ago
      Well technically dmix says worth not price which to me is more akin to market cap than price.
      • simonebrunozzi 6y ago
        That's also how I intended it.
    • jfengel 6y ago
      But I a dollar stock is more likely to triple than a $100 stock. As you say, it's the total market cap that matters in how much value a share is actually worth. But there is a floor to how much an individual share can be sold for before they de-list it entirely, resulting in a lot of volatility for very-low-priced stocks. When a company on the brink gets a bit of good news, it's easier for it to triple in value than a company with an existing, stable business. Such things can suddenly turn into big, quick wins for the people who were there before the news. (People investing after the news are pretty much just suckers, though market irrationality still lets them sell at a profit to even further suckers.)
  • iso1210 6y ago
    The company was worth £50m yesterday, that's not chump change