The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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sorry 8.3p
Bang on, Starchild.
Long term investor since November 2010 (4.2p) albeit sometimes holding no shares.
The Merger surprised me, but I trust the BOD to get it right.
if it wasn’t for Covid-19 lockdown and having time on my hands because all my businesses being in limbo, I doubt I would have been so prolific in posting stuff and doing research. I needed a hobby to stay sane
And here's me thinking you just liked the sound of your own voice (and the cats')
BPC Shareholder demographics
I am of the opinion:
Most retail shareholders will not bother to vote. In all the years I have held FTSE and other shares, I let the BoDs make the decisions. If I had a real issue with a company, I would have dumped its shares.
The majority who get the BPC voting documents in the next few days via their share platform provider or via the post, will not do a deep dive unless they hold a substantial chunk of shares.
The ones that do a deep dive, I think will go with the recommendations by at least not voting against them.
The institutional ones such as Mersey pension fund, J Finn and others holding below 1% we do not know about will likely vote for the merger. It seems implausible to me they would hold shares in a company whose BoD they do not trust.
Of all the above, only a few hundred probably even bother to REGULARLY read this forum, let alone contribute to it. Although I occasionally read this forum since 2014, if it wasn’t for Covid-19 lockdown and having time on my hands because all my businesses being in limbo, I doubt I would have been so prolific in posting stuff and doing research. I needed a hobby to stay sane, although I did buy a substantial number of additional shares (several times) since I started posting in February.
All said and done, in the absence of Brexit or election polls, or consumer questionnaires to gauge demographic voting intentions, I believe the BoD (or its assignees) DO read this BB for shareholder sentiment. They also probably read the ADV one for a laugh.
Starchild
xxx
Maybe 4 months
That has already been determined, All that is in play is how much SWP can contribute. I guess 5mill+ assuming they can sell oil for three months at 7dollars a Farrell profit. That's a high estimate, but it means they use ten percent less from elsewhere.
The fundamental questions to ask are
1. Do we trust the leadership of BPC and CERP, who unanimously voted for this merger?
2. However much we all want more information on funding NOW, what if they honestly cannot disclose it yet because they are in the middle of negotiations or the merger is a pre-req to funding?
3. Would the CERP BoD have agreed to the merger on a whimsical promise that ‘with a bit of luck, we (the BPC BoD) will ‘probably’ find the money for Persv-1 and other prospects without a massive share dilution?’
Share-dilution is not a bad thing if assets are assimilated or leveraged that will increase in value. Even more so if the future market cap is such, that a SMALL percentage of dilution can facilitate mergers with another 3 CERPs. I’m quite content for there to be 7.8 billion shares for everyone on earth to have one each……at a pound each! Furthermore, massive share options for key executives is a good thing as it makes them aligned with all shareholders and creates incentive not to dilute unnecessarily.
I personally am happy to vote yes TODAY, however those still not sure, perhaps should wait and see if more news is forthcoming and to get independent specialist advice before the vote deadline. It’s up to them.
Those that wish to vote no, this is their right. (assuming they have shares and are not on this BB wilfully attempting to destroy the merger and/or lower the SP for selfish reasons). However if the merger falls through there is the risk the BoD will resign as it is a vote of no-confidence in its leadership and decisions.
Starchild
xxx