The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Ex holder as from today.Had high hopes here but don't like the risk profile now.Gl.
Any other holders on here? I've done OK on this one, but thought there was quite a lot more to go for given the balance sheet is now sorted, the valuation / cash generation and with the upcoming PSTN switch off over the next couple of years which *should* be a tailwind (at least to the better parts of the business).
Current mcap at £37m give or take with £18m net debt and £9m EBITDA in FY23, so about 6x EV/EBITDA. But this falls to about 4.5x by end FY24, and 3.4x (!) by end FY25 based on Cavendish's forecasts which I would hope are conservative given the recent history... I also note the recent acquisition of 4Com by Daisy Group for £215m which shows there is still appetite for M&A in the sector. Daisy bid 450p for Maintel back in 2021 but for some absurd reason was rebuffed by the Board back then.
BUT I must say I am concerned following today's news. Exec Chair stepping down IMMEDIATELY which is strange in of itself with no explanation, Deputy Chair (and 24% shareholder, and I believe who is an NED of Herald IM who own a further 5%) stepping down at AGM. So at that point will only be one NED and two Exec Directors on the Board. No permanent CEO and not clear who is leading the search for one, let alone more NEDs. Then you've got the delay to results which in of itself would be innocent, but in conjunction with the above....
Outside in, it looks like there has been a bust up. Harwood own 18% which gives some reassurance, but not 100% clear they have the votes to push through changes here given the shareholder register, and its a tiny holding in the scheme of things for them...
Penny for your thoughts!!
Anybody on here holding or interested?
Nobody invested comments on that kind of rise?
What a performance
I found this on stockopedia and its got good fundamentals - 100k customers 100m turnover. If debt is manageable and cloud strong it looks attractive. When see 1 or 2 trades a day and 12.5% spread makes it hard. What gives here?
I am convinced that something is going on behind the scenes.......the silence from the Directors is deafening! Maybe they are terrified of addressing the possible £4.50 takeover issue?
Why no comment about the 4.50 take over.? The complete silence is VERY telling!!! If it is not true, why no denial????
Mai oh Mai.......this share seems to be totally ignored at the moment......no one is paying any attention to it all.........Except the Directors who have been buying........and then of course there is talk of a possible merger. I think this share is worth having a punt on.......a 33% possible gain is NOT to be sniffed at!!
The rising continues ... ahead of results?
Non-exec Chairman buying £244,000 worth of shares. That's some recommendation. :))
Friskier as the days go by.
MAI being signaled higher with that tiny 5 share lot @ 314p at the open today.
Good to see 300p having been paid, just now.
Hopefully so good news behind this rise but it was very oversold and due a correction.
Interesting buy at 349.98.
Only 14.36m shrs here and a recent tp of more than double where we now stand.
Well looks as though people are starting to see the real value here.
Or at the new offer price. Stock is very tight
Cannot even buy 500 shares today
Nice to see a few buy. This moves quickly when it starts
tp now upped to 600p - potential near 3 bagger.
Topped up. Showed as sell, as I think others have.
Was actually looking for something to sell!
Correction needs to take place and seems that it has started. Very difficult to buy in any size as only 14M shares in issue and many are very tightly held.
£123m revenue market cap £30 million