The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I am an advocate of LSAI as most here know, and I have been putting my money elsewhere in recent months because of the radio silence. Sentiment is lower imo than it has been for quite sometime. Who'd of thought we would be sitting here a year on (after the massive rise) at a year low. All that ground lost, and as I keep saying with absolutely no response, or attempt to address the decline from the bod???.....
Your not wrong, mate. Totally agree with you. We do need an update. Not via next Trading Update. Update now.
SP isn't just about profits it's also about sentiment.
AIM is a news driven, and is particularly partial to official RNS's news. A note from the CEO, an update as to the current situation, progress, expectations etc
One of my other shares has been abismal with their communications, and today after 8 years released an RNS the sent them up 50% in the first half hour of trading. News is all everyone on AIM talks about, and there is a very good reason why.
Steady the ship how exactly?? Tell us.
LSAI have notified when there were new contracts.
30th April 19 - Partnership with Sito Mobile, and launch of Verify platform
1st May 19 - Partnership with the7stars
15th May 19 - Partnership with JCDecaux
5th Sep 19 - Partnership with Bliss
16th Sep 19 - Contract with Vicinity Media
The issue is there are no figures presented so how do we know how much these contracts are actually worth? This is why the market has not reacted in the progressive way the company has transformed. The contracts probably don't allow LSAI to disclose? I don't know how these work, other experienced investors can tell me.
And until there is evidence of a glimmer of profit on the horizon will the sp recover.
To be fair, LSAI have been playing by the book. Unlike those other dodgy aim company that rise 100% with no prospects of success. It's AIM as you say unfortunately.
There is no reason why they couldn't steady the ship if they really wanted to. The problem is if this hole isn't refilled it will get deeper and deeper (as is aim) and next year the shareholds will be stuffed further as a discounted placement will take place, and then the share will drop below the placing price as is usually for aim. This year low needs to be addressed asap!! They really need to start communicating to the market/shareholders. I genuinely don't understand why they are not?....
I'm down about 40% aswell. Struggling at the moment.