The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Worth watching.
https://youtu.be/godOhIecGk4
For a company engaged in a complicated business model reshaping, with a questionable track record over the past several years, in a highly competitive sector with low barriers to entry - a multiple of 7/8 times EBITDA doesn’t look cheap at all to me... Can someone explain what I’m missing? Thank you.
(PS. No intention to have a fruitless criticism, I’m genuinely interested in the stock cause I think uneconomic sellers are surely present here)
Actually the EBITDA for this year is looking to be £6m. Broker report has debt at £12m. This should be renamed to Unbound this month.
If my understanding is correct the company main business is the Hotter Shoes now with app. 50m revenue and 5m EBIDTA and 18m net debt. It looks cheap now.
Because the demerge was a bit of trash in the way it has been dealt with. There is also additional charges when buying which I imagine is putting buyers off, which leaves mainly sellers and drives the sp down. Also, I think investors are worried another lockdown may happen. This is still quite a high risk share but looks incredible value now and could bounce back very quickly and provide 100% return. High risk with possible high return.
People are selling but surely must turn soon
Could somebody enlighten me why is this keep falling?
I'm using the following, based on how AJBell split the purchase cost of my ELTA holding.
Hostmore 0.7792845845
Unbound 0.2207154155
It's 3 MORE to 1 ELTA
There were also some shares given to management for the demerger.
So as a ballpark sum - 3 to 1 suffices.
For detailed pre and post merger analysis for MV - after the dare I say useless Numis job - u will need to account for the shares issued to management as well.
HI,
I am having problems finding the conversion ratio of Electra to Hostmore shares . Has anyone any detail on that please
This looks like a scam its so bad !
I am over 18% down since the demerger. What about the promised benefits from the sale. How could this appalling demerger be acceptable or correct? Is it in the interest of the investors? NO
Shambles of a demerger
Yeah this isnt panning out the way I had expected at all. It seems maybe that the Hostmore share is just not being promoted. I hope this is to get mates onboard at a cheap price !
Both shares down this morning - combined price less than pre split price. And no hostmore shares showing yet in my nominee broker account. Altogether a very disappointing few days. The split has been planned for some time so very poor that investors left in limbo and unable to sell hostmore as it drops.
I am expecting Hostmore shares to be added to my share account today and that the total value of the shares combined will be no less than yesterdays Electra value. The information that has been provided is unacceptable.
I have bought in today at 116.4 ...........I am expecting this to be up to 130.5 by the end of the week then it will stay steady for a few months while the market decides how things are going to go.
Can anyone give their insights into the impact of todays RNS for us PIs please? All feedback gratefully received.
Yes, budget broadly favourable for TGI - and yet the price drift continues. I’m feeling apprehensive about the demerger at the moment.
But biz rates down 50%
= more $$$ saved.
Nice one Rishi!
Drifting steadily down.Market not anticipating demerger benefits. Unfortunately hospitality and retail not the best places to be invested at the moment so the timing of the demerger not ideal.
Demerger announced looks good for ELTA shareholders !
I thought this IT was done, but its turned out to be one of the sweetest albeit little known investments of the last 9 months.
HSBC have today increased their target price for ELTA to 840p (up from 327p!). Hopefully, it looks like this share is going to be in great demand.