We tipped Avacta in November as a speculative buy – we could see both the risks and the potential for big rewards – and it has lived up to our description with a 130pc gain in just a few months. Will we be pushing our luck if we hang on to it?
Avacta has two businesses: it makes lateral flow coronavirus tests and is developing a special type of cancer treatment.
The announcement on Monday that everyone in England would be entitled to two self-administered lateral flow tests a week gave the shares a boost when the market reopened after the Easter break yesterday, with the announcement of a distribution agreement for the tests no doubt helping.
Fantasy fund manager: three ways to build your starter portfolio
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Predict the winners of lockdown easing – and win £1,000 a week
Fantasy Fund Manager is back for a third season, with weekly treats and a £5,000 grand prize
The third season of the game begins next week
Normally, Telegraph Money advocates the “get rich slow” approach. But with fantasy investing, the opposite strategy is required.
Without risking a penny of your own, you could be quids in by playing Season Three of Fantasy Fund Manager, our stock-picking game, launching this Tuesday.
Everyone starts with a notional £100,000 to buy between five and 20 stocks from the FTSE 350, with unliited trading. The best performing fund each week wins £1,000, while whoever is top after two months takes home the £5,000 grand prize.
This column normally believes in long-term investing – let’s say over five years or more – so it’s a drastic change of course to seek to double our money in a week. Rest assured that we will go back to “get rich slow” next week, but today we aim to help readers win one of the new weekly prizes in our Fantasy Fund Manager competition, the latest round of which begins next Tuesday.
In this third contest in the series we have increased the weekly prizes very significantly from £100 to £1,000 so there is now a strong incentive for readers to try their hand at this alternative, quick-fire approach to making money on shares.
The Robinhood competitor landscape intensifies as Invstr raises $20M
One of the biggest gripes about investing apps is that they are not acting responsibly by not educating users properly and allegedly letting them fend for themselves. This can result in people losing a lot of money, as evidenced by the number of lawsuits against Robinhood.
Today, an eight-year-old company that has been focused on nothing
but financial education is now offering trading and banking services in the U.S..
Over the years, London-based Invstr has built out an educational platform with features such as an investing academy. It’s created a Fantasy Finance game, which gives users the ability to manage a virtual $1 million portfolio so they can learn more about the markets before risking their own money for real. Via social gamification, Invstr has set out to make the educational process fun.
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