The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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On purchasing £6m shares whoever it is bought around 20% of the company. This is based on the market cap being around £26m at 6.5p a share.
I would not be surprised if we have large buys showing later today,
The only thing I can see is someone has purchased a considerable amount of shares and people spending that amount of money do not go into things like this blind so they obviously know something we do not. Which in my opinion can only be good news.
Good Point actually! I am not 100% sure how it works with that? As they have not officially made an offer to Lamprell I can only assume they can buy whatever they want for whatever price is being offered at the time, but I am not sure exactly how it works sorry! I am sure someone will know?
@AJones - can Blofeld do that before making an official offer?
We will soon find out who bought them with an RNS and if it is Blofeld then its only good news to come? We shall see.
Maybe we are all right and the offer is between 10p - 15p and Blofeld have seen an opportunity to buy up £6m in shares for 6.5p before making an official offer meaning they are making a saving if they do want to bid? Again Who knows!
Well lets be honest the Market cap was at about £26m and someone has purchased £6m in shares? That is definitely a sign that something is coming? Maybe another potential bidder getting some cheap shares before a bid? Who knows!
Offered 7.93 to sell?
Well I am unable to buy or sell! So I am not sure what is happening! Definitely must be good news!
This is now in Auction… something is really kicking off here.