The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I think we can get over £1 sooner than September. We have so much going for us now - 1. Solid buy backs. 2. Good economy evolving setting a nice platform for SME's. 3. US non core disposal pending. 4. Flex Pay knocking it out the park. Total number of shares now below 360m , Mkt cap = cash at bank in hand. We should be over £1 now IMO
Solid buying that's for sure, it's just a matter of patience really, 250k shares a day / 5.5m shares a month will soon see off any sellers. Any guesses at the share price come end of September? With falling rates & an improving economy I'm hopeful we can get back towards £1
Buying in 250,000 at a time now. V V Nice
US disposal will propel this past £1. Buybacks kicking in nicely now too supporting a stepped move north. V bullish
49.3p was highest price paid today in the buy back. Going nicely
Nice buyback today - paying over 49p now
Resistance at the moment but could easily breakthrough in a heartbeat
About to breakthrough 50p in next hour
Yes US sale to come and 50million buy backs are going to propel us much higher
Buying in at 49p now. Should break 50p today with ease
US disposal will create some real interest in the shares
There are happy to sit on the bid at present, probably sensible if they intend to buy back 50m shares. Likely consolidate for a bit unless their tactics change
Needs some volume here to get moving. At the moment its completely dried up.
That’s just shy of 1m repurchased and cancelled in the last few days. Great work. Next move up will be sharp and quick
Lovely - buy backs just keep coming
Another 100,000 for me down here. Thank you v much
Indications of interest received.
Probably they execute on a disposal in Q2.
I wonder how advanced the USA disposal is? This will propel the share price towards £1.50 on completion no matter what price they receive for this loss making part. Interesting times ahead - v bullish on this company
They can't simply bid their own shares up, as per the FCA rules, so they've taken when they can this week & that's fine by me. There has been a large buyer taking shares off a large seller most of the week, if that buyer wasn't taking 150-500k chunks (see delayed trades from Thursday, published midday yesterday) then FCH would have very likely bought back a lot more. Given the volume, I wouldn't be surprised to see some TR1's in the next few weeks.
Higher price needed to facilitate the buyback of 36m shares.
Thanks SC -some big 300K trades there and nice UT into close.
Nobody was taking their bids today at 48.5p so they has to up their buy price to 49p to get their fill. Excellent week with a rise of 13%, and with a mere 1.4% of the buyback completed - ~732k shares for £350k
And here come the buyers/buybacks, nice
Could be, I suspect the 4 largest shareholders who have held since IPO were instrumental in initiating the share buyback as they wouldn't want a low ball offer coming in when shares were at their lows. The buyback also serves to increase their ownership stakes, which would be further supplemented if they are adding shares as well...
36m shares to be cancelled in this programme AGM 11th May when additional authority will be tabled to buyback even more stock. Current market cap is £176.4m based on 360m shares at 49p. Cancelling 60m shares adds 20p to the price alone. US disposal imminent. Can’t see past this stock and it’s so under the radar.