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Scancell - £8m fundraise at 12p. A bargain?

By Nigel Somerville | Wednesday 18 April 2018


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.


My old (and terrible) tip from the 2015 New Year of AIM-listed Scancell (SCLP) has announced a placing. And there I was thinking that things were finally turning around, with the shares back up to 17.5p. The 12p placing and open offer is, on the face of it, at a huge discount of 31%. No doubt broker Panmure Gordon will rise to the incredibly difficult task of placing the shares out and earning its commission.

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