The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hope so Pianista but situations can change rapidly as we have seen so don't bank on it
They still intend to pay a dividend for this year, they said.
I suspect that the divi will be suspended for a couple of years so there is no incentive to buy at present. I bought at c5p a while back and will probably hold on . The fundamentals are pretty sound and it could be a takeover target??
They said they were "expecting pipeline orders to begin to recover, starting from February 2024", and the CEO obviously believed that, with his purchase at nearly 14p.
They'd know by now whether sales have indeed recovered, but haven't informed the market presumably because they are too busy running the business!
Meanwhile, with its pitifully low share turnover, it only takes a few nervous investors to knock the SP for six. But at sub 10p, it surely can't go much lower, so I would say it's a great opportunity for anyone not already heavily into this share.
The share price is getting ridiculously low though, if it carries on the mcap will be equal to the property values and cash in the bank
For me Going from paying regular dividends and special dividends, and doing share buybacks to then issuing profit warnings and cancellation of dividends is pretty concerning. They couldn’t look less professional if they tried, when you see these rapid changes you have to recognise something is seriously wrong imo
I hope you're right, a 100k purchase would be a much-needed steer.
Dont think we are in a close period as Finals not expected until later this year-only trading update expected so Lance may have bought 100k shares today @ just under 10p-or any other Director & , if so , that would be a positive !
Whatever the trading performance has been since the profit warning, the SP has certainly deteriorated. The CEO's lost about 30% on his own purchase, his colleagues much more. But they won't be too concerned, as long as they expect the next update to confirm that the company is back on track.
In the meantime, as we are in a close period, there won't be any more directors' share purchases to settle the market's nerves, so as you say Mr BB, we'll just have to be patient.
Ceo said there would be a trading update shortly after the year end , ie 30/4 - so nothing else for him to say,unless trading has either deteriorated substantially further or substantially improved .
We will have to be patient for another 3 or 4 weeks until the "reveal"
If his next pronouncement is anything like his first, then I agree.
In his favour, though, he did at least have the decency to dip his hand in his pocket and make a substantial purchase.
With this CEO I prefer silence
...after a profit warning, is the problem here.
Today's "further announcement" - £30k buy from the CEO - seems to have settled the market's nerves.
"Coral Products warns on profit – but investors shouldn't panic".
I agree. But we'll be living on our nerves until further announcements are made.
I’m going to sell and put the funds in duke and Polr for income, the dividend here is not guaranteed to return at previous levels
With HL you can buy and sell very quickly, I did a few dummy buys today and there’s no shortage, but I’m not sure if I want to add or sell, without the divi this is bang average at best imo, I’m unsure what I think of the new CEO my first opinion isn’t great GLA
Hey, can anyone here let me know how long it took for your broker to process your order on this stock and in that case what broker you use? Send out my order on T212 for quite some time but couldn't get my order filled.
Appreciate your help
Cancelling the dividend is the worrying part of the trading statement, they have saved themselves less than 500k and the mcap has reduced by £4 million.
They obviously haven’t done this just so they can declare larger profits and pay more tax, I’m wondering what they are preparing for
If it's just deferral of purchases by customers that's the problem, it will soon unwind - as will the market over-reaction.
However, I think the new CEO is indulging in a bit of kitchen-sinking here - which has inevitably played into the hands of the MMs.
On the plus side, Mr Burn does at least sound like he's on the ball. Let's now see if he puts his money where his mouth is...
Featured editorial
https://twitter.com/LEMMINGINVESTOR/status/1747675638423486534
Perhaps that started today ?
Now that the results are out of the way, we just need some director buying,
Looks like the acquisitions have bedded in well. Company performed well in challenging environment. Divi held so all in all pretty pleasing.
New CEO has good CV ,has done due diligence ,met the key senior managers within our Group & at his age & CV should be able to afford to buy a few shares (along with family & friends) .As ever ,CRU unlikely to ever multibag but should prove to be a solid investment with a high yield in turbulent times -assuming our spread of businesses remain resilient