The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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RGO after the name change. Guess this board is dead and buried
Just Miton and Cancord owns more than 30% of the float, that's some serious IIs backing this one....i wonder what's made them invest in this tiddler.......Is it the old portfolio or the riverfort expertise.....hmmm
I totally agree with you, there was a move to sack him but nothing happened.
with the same CEO - Nick Lee. The only person who has made money from the company over the last 10 years by awarding himself massive pay rises and appointments on BoD of companies we invested in and continually promising shareholder value while the SP has dropped 75% over the period. He got lucky with LDP years ago while all other investments have failed to produce. Now River Fort make our investments and the question is, what exactly does Lee do? The sooner Lee goes the better for all shareholders IMHO.
So, we have a new name
Viridas
Paternoster
RiverFort...
still on the gravy train I see getting bloated with all his salary and no doubt lower struck options, poor old shareholders still getting bread and water
Riverfort Global Opportunities Plc *Subject to shareholder approval at the AGM on 26/10/2018. I think, "Riverfort Global Plc" is OK.
Good Luck Scotty, I will be adding here....
I’ve bid Viridas farewell now it looks like bye bye Paternoster
So is the video further down the article with Nick. Two nice pieces
Nice article....
http://www.proactiveinvestors.co.uk/companies/news/205862/paternoster-resources-sees-good-returns-in-small-company-funding-gap-205862.html
100m equates to roughly 1.5% Is there something to offset against?
PRS hold 49 million shares of PPG and 9 million shares of ARCM. In couple of years down the line, just this two stake would be 2.5x-5x of our current market cap.
any good news would be sold into considering the massive amount of shares in issue....post consolidation PRS can turn into a solid dividend player in next 12m-24m......however small that dividend may be....
100 to 1 consolidation is the key to unlock value here.
concentrated holders here (about 38% free float), a 100 to 1 consolidation here leading to just about 63m shares would do more good to long term performance of the share price.....PPG and ARCM holdings are the dark horses among PRS investment portfolio....all the other gains from riverfort capital portfolio is additional bonus factor.....
Halifax are ridiculous. Had this issue with YCA. Other providers let you buy them so don’t see why Halifax are being so anal.
Accumulation going on.....
For RTO
I called them up as I bought more through the Teathers app and I wanted to transfer them across, and then I was gonna move the holding to Hargreaves Lansdowne. Glad I spoke to the guy this morning. I have emailed PRS to see if they can provide any insight. I’ll keep you posted.
I got a letter from Halifax last month stating I wouldn't be able to buy shares in PRS anymore but I could still sell them. It didn't give any detailed reason why but maybe it is to do with them not providing a KID
Trade with the Halifax? I’m unable to buy or sell PRS with the Halifax as PRS haven’t provided them with a KID (Key Information Document). Anyone else heard of this? Should I be worried?
4.5m placing hence the bump in MC. You can cross-check MC by checking the horse's mouth -- https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB0001636918GBGBXASX1.html
Thanks Scotty, do you think it is an accurate MC? Do you have any info on the investments portfolio?