The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Yes, overdone. The bit they're selling has done much worse than expected, which makes the price they got even better! Remaining business also marginally behind, but record order book. Does this deserve 40% fall? No IMV. Indeed I'd go as far as to say the mkt has been a bit of a bell end on this one......
ADMIN..needs new share chat for PEB
for shareholders? The sale, completed after a big change leaving the "good bit" and now that is going down the swanny. Trust is easily lost and then it take so long to get it back. Mr Hawkins for PM then!
...with deferred payment. 25p here we come..... (IMO)
....when this gets bought out Gerry. I think there's a reasonable chance of this medium-term given the quality of PBS. Since August, I've made back half the losses I had in the stock from the previous 2 years. I'll be breakeven at 22p. Finalization of the deal leads to 25p in short order IMO. We'll see.....
...just keep buying God bless them. More than 13% now.
Matt, you were always braver than me here. I have a beef with management and wondered if it was another doggy deal on the back of a good promise to shareholders. Of course it could be the buyers are getting cooler feet or that they cant really afford it and need to sort something different out. I hope your bravery is rewarded and maybe I'll be back if management change.
....yet the stock's back up 6% and where it was when the news hit yesterday...... Good news here is that at least SHs and management are aligned on this one!
Something fishy seems to be going on. After the sale announcement I considered getting back in then remembered the management haven't changed. So from the jaws of victory it looks like some sort of mess reappearing. Although that shouldn't surprise me. Glad my monkey brain waved the red flags at the time and stopped me. Still lets hope its not half as bad as it could be for the shareholders, they deserve so good luck. Maybe I should exclude VLK from my email updates but I was hoping one might mention a management change.
Paul Scotts view is this is a very bad bit of news today-see Stockopedia for his blog Monday 16th January. Nothing is straight forward with Vislink
Guess there will be a late large trade because as you say the Sp is holding despite the selling pressure. Looks like it ain't plain sailing (not unusual) for VLk when it comes to finance.
However it appears a buyer is soaking up the 2.3 million sold this morning. As would have expected a bigger drop all things considered with this share
Its late in the day to be moving the goal posts. In particular I don't like the line "The terms of the loan notes and security are to be agreed in advance of the general meeting referred to below." Those terms could hypothetically lead to a material change in the quality of this deal. Get the feeling VLK are desperate and the buyer is starting to realise this. What next then? RNS Announcing the deal is now for a total consideration of $12 million or some other lesser figure. I hope I'm wrong but I've halved my position size and taken some healthy profits at 16.5p.
...with the acquisition now being paid for in two parts. Clearly there is a higher risk of the deal not proceeding than before, so share price move is logical, but given the that the $9.5m is only deferred by 45 days, still feels like a reasonable bet to me. Any other thoughts folks?
...back above 17p. Very much looking forward to the next statement.
...I'm, expecting 25p by end June.
Off we go! Train leaving the platform. Overhang now cleared from large seller. Should see this begin to run up and then spike higher on completion of sale of VCS. 2017 game changing for VLK
....deal to sell VCS confirmed today. Proceeds leave the PBS business with no debt. Business now a fast growing software Company, on which a multiple of 3x sales should be justifiable. Assuming £12m full year sales should give a market cap of £36m, vs current mkt cap of £17m. So, anyone want to give me a good reason why this stock shouldn't move to 25p quite quickly?
Plus a further £2000 bought by me. Onwards n upwards. Rerate here we come!
A further 685/- bought by Kestrel Partners.....every little helps!!!
...that it's not good money after bad!!
Kestrel Partners goes through 10%, as I mentioned before, big order being filled. Lots of sells at 14.5p over the last few days and bid remained static. Might be a top-up opp looming if selling continues.
If one looks at VLK's share price chart going back 20 years on Yahoo, this stock has been a dog throughout the period, soaring on occasions only to fall back with a crash every single time even though its activities have always looked leading edge. I've been caught a couple of times, meekly handing back decent profits. Difficult to forget the past sometimes!!
JH has raped and pillaged the organisation. even when he goes he will make a lot of money as he has granted himself shedload of shares at zero cost
is the key here imv...pushed to non exec (chair) as compromise first step?