The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The only recent RNS I have seen re holdings was Berkeley Energia selling around 2%. If they anything like other Spanish companies at the mo they needed to raise money. No idea if Peel Hunt selling, but Anglo have bought a lot of shares over the last weeks, and still have 3 weeks to complete. Its really not important.
Jonesy - are you saying that even with a decent Q3 update - Peel Hunt have made a decision that it is likely that the sp is more likely to go down in this new bear market than go up so they are procrastinating the buyback now with the remaining 1m + purchases ??? Appreciate your comments
Mkts are forward looking...obviously there are doubts as to where the world economy will be in 6 months time. With a stronger second wave, and maybe even a third wave things could get very ugly if there is no vaccine. Cant see a real strong move to the upside without a vaccine, and then we will have to see what sort of recovery / pick up there is.
The mkts are extremely nervous...upside in any stock (apart from biotechs) is v limited at the moment. I personally can´t see any major reason for stocks to go better until there is a vaccine out. The situation is likely to get worse before it gets better. One has to look for value in stocks with sound fundamentals that have been really hammered, and if you decide to go long then you just need to wait until this is over.
Hi Jonesy. Thanks for your comments. JT stated the sp was undervalued and Q3 + Q4 should be stronger (results) than Q1 , Q2 so after Q£ update I guess they were assuming sp would go up. So why hold back before Q3 update which usually would be by end of next week. Sorry I should have asked my question better
There was a big seller around until a few days ago, but he appears to be finished. They have plenty of time between now and 25th November to complete.
But there arent many (big) sellers of this share so how could they complete the buyback in time if the strategy in the first place was right ? Thanks for your thoughts
It may be that the large seller who was around has now finished, so they are now just sitting on the bid and mopping up any sellers that come along.
Any theories why our buybacks have dropped significantly the last 2 days ?