The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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thanks idk.im sure he wont turn up here as he's clearly only interested in FUM for whatever reasons.this is an interesting one and i expect renewed interest when the dust from the fundraise has settled a bit and the new investments start to happen.gla
I just took a 50% loss in another investment and bought more of ANIC today. If there is a chance I will be doubling those moneys to recover the loss, it will be here.
My average now is 26.
Cheers Italian, God no, that would be awful if that muppet turned up on this board. He's killing (killed) the FUM board, it just awful over there now. There's now more share chat than share trades being made. I keep looking in from time to time but I'm delighted I sold out at 47p and put that one in the rear view mirror - one of my better decisions. Hope it comes good for you and only wish holders the best
Stewie8, you'll be fine with a 27p average as I know I will be longer term, I'm only at 26.5p average myself but hold 100k shares so every penny change is a £1k swing for me, hence 32p down to 22p stings a little. A few new tasty investments and Mellon the Marketing Man goes into bat and this will gain new traction in 2022 I'm sure. It's easy to look at the graphs in hindsight and say I should have waited and bought in later, my first trade was at 28p and then watched it dip to 19p - just keep buying on the dips and we'll be fine. Trying to time the market is impossible in my experience.
be careful idge or you might end up with liambooth on here and you don't want that!
I hear you, idg69. I first dipped my toes in the water at 32p and then averaged down to 27.14. If only I waited etc etc. It's the main part of my portfolio which is dragging it down at the moment but like you said, it's a long game. I only have a handful of shares (8.5k) but it's a significant portion of my portfolio (10%). Pales in comparison to the rest here no doubt!
Cheers RWT2, I understand it's not like many dilutions. (FUM for e.g. where the money is just to keep the lights on and keep inept directors in over inflated salaries year after year). Ours is to build on investments for the future good of the business which can only be a good thing. They must have some pretty specific investments lined up to raise extra funds now when the must have still had £30m+ left from the earlier fundraising.
It just smarts a little when you watch a £10k swing from profit to loss in 3-4 weeks. Your sentiment towards a stock changes under those circumstances. I'm not prepared to try and trade in and out of ANIC on the peaks and troughs as it's guessing game and I've always said I'm here for the long haul. I've got a few quid left in this FY's ISA allowance so I may have another top up if this goes back under 20p. Wishing you well idg69
idg69 - as someone has pointed out, I don't think this is really the same as "dilution". I think they used the phrase that you just now have a smaller share of a bigger pie, and I think that's correct. I think you will only be diluted if the NAV in 2 years time is much higher than the warrant price and warrant holders get to buy in at massive discount to NAV, but I don't actually think that will happen. I think they will get a modest bargain but not a lot - just enough to entice them to take part in the placing. Remember the "big" announcement by Upside Foods (and I do realise we are not invested in them, but they are one of the more advanced players in this market) that they can now process the equivalent of a few dozen chickens per day? They need to upscale this by a factor of 1000 - 2000 to compete with conventional food producers and I don't see them getting near that within the next couple of years. When they do, that will drive the real re-rating.
I appreciate the BoD have an investment strategy and dilution is inevitable with this type of company but I'm now pretty miffed by this latest fundraise. Why didn't they invest what they had before coming back to the market for more so soon after the last one? It fills me with a little confidence that the subscription was filled so quickly, but I'm sure they already had investors lined up anyway.
I agree 5-10p will not be seen again but 15-20p could be if sentiment drops any further. I'm mostly miffed because I topped up again at 25.5p when I could have bought 10 days later for 22p - just poor timing I suppose. I don't think there'll be many takers for the 23p open placing if you can buy on the open market for 22 or less.
Let's hope we get some positive news flow off the back of the next round of investments and we can get this back up and over 30p again - before Christmas would be nice!
5-10p is nonsense. It may go a few pence below the placing price however which presents a good top up opportunity IMO
This is not about alternative meat. They have just completed 2 large fund raises for the best part of £100m in the last 6 months at 22p - 23p and you will 'jump back in at 5-10p'...lol good luck with that tactic.
Where are you pulling the 5p-10p range from?
That would be 2-3x less than the current NAV...
Not buying yet. There seems to be an endless cycle of placings. And some of the steam has come out of the alternative-meat bubble for now. May jump back in at the 5-10p range.
Or is it best to wait until after December 8th? I'd like to get my cost basis down a bit since I paid a premium on the premium (32p) but payday is a couple of weeks away yet. Wondering if the expectation is that it will float around the current price for a few weeks yet.