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.
Good luck fella. Too volatile for me at these levels and with what happens past 2 weeks any news could swing this Sp one way or another, it’s a 50/50 gamble.
Day trading is only way I would play this sp currently but don’t have balls for that.
Incredible to have to have to think like this on a FTSE 100 stock.
Well at least were getting discounts like the Institutions are. I’m expecting next week to be just as volatile both to the downside and upside. Happy days. I may even get an opportunity down to £12.50 who knows. Plus ISA season is round the corner too :)
Just read the news yesterday on Finablr and Mr Shetty in FT
“ Finablr on Friday said that 392m shares, representing 56 per cent of the company, had been pledged as security for debt used to refinance the acquisition facility used to buy Travelex in 2015. Some of this debt had been repaid from Finablr’s initial public offering in 2019, it added. “
For me, This is not just a coincidence now what has happened to NMc and Finablr regarding cash and debt. These 2 companies are intrinsically linked through Mr Shetty’s owership
It wouldn’t surprise me if this is a case of Petermismpqyingn Paul here and both these companies have funds channelling between each other to give the other support.
Either way, putting conspiracy theories aside Mr Shetty and the other Arab owners have well and truly been ‘Touched’ now by the market and have to give up a large amount of their own wealth to repay debt.
Both these companies will soon be laid bare for all to see and judge
I guess we’ll find out one way or another over the next 5 weeks. Good luck with whatever you decide to do.
I guess the positive you can take from it all is the Feech Group have definitely started their work on the Independent Review and have done so for 1 week at least. Each day that goes by now is closer to their outcome.
Until then I guess the SP will range between £12-14 short term. Thereafter depending on Feech outcome lower or higher. Nervousness and excitement in one is not a good combination!
Q
If I knew there was a risk of margin call on,loans pledge on sp,, based on dropping sp price , evidencing of cash would have been my no1 priority and pull,all the stops to get this info out there to market to appease everyone including banks and lenders ....Surely .
Instead the company have dithered here on releasing tangible evidence and have let uncertainty build in sp. You tell me if this is reasonable behaviour if you have nothing to hide
I don’t know if you’ll agree with me but I’m actually glad they’re losing voting power within the business. I think this year we’ll see a huge swing of power towards the institutions. It’s already started with 3 book builds.
They may have a genuine reason as to why nothing concrete/tangible has come out in over a month. I agree they should have been much quicker. But i really want B Shettys % to drop dramatically maybe under 10%.
Institutions need to take as much as they can imho. The top three still own under 45% of the total shares. I want that reducing asap tbh. So they can’t even think of taking the business private at any point this year.
Q
If no news comes out next week on cash I’m reducing my hold. For me this is not acceptable to take this long to confirm just one key financial indicator.
Never mind looking at evidencing the rest of financials....
This is my view given what has gone on past 6 weeks.
Given Nmc BOd are all meant to be rich, financially savvy and astute businessmen I find it incredible that following MW attract, subsequent reaction and drop of sp and then announcement of conducting independent review. How slow the board has been to get news out on committee members, reviewer and we still haven’t got news on cans positions. In the meantime, this delay has caused a further drop of shares which have triggered margin calls on loans and massive losses to owners.
Now surely if the they could have at least put out the cans positionof the company in the first couple of weeks of Jan this may have helped the sp recover to pr vent bookbuild. To me this didn’t look a long tast to corroborate, but we are still waiting and in meantime uncertainty has built on the company to the point the sp got low enough to freek lenders out to call in loans.
Surely they would have know this was a risk, and if all the finnancials were in order in first place they would have pulled out stops to get this out asap and try and salvage the shares pledged against loans.
But this did not happen and 2 bookbuild later, conducted over a 2 week interval we still don’t know cash situation and owners have had to sell of £400m of loans in shares to repay deb . Sorry, I’m not convinced here that all is as good as we are being led to beliecd
The delay in reporting cash position for me shows a lack of urgency form this company ,but it could suggest to me difficulty in evidencing them inline with reported financial statements and there could be potential holes. In which case uncertainly on this company is then justified on why it’s so low
If I were one of these owners and knew MW was making false accusations, I would have looked to drip feed concrete answers like cash position supported by evidence as quickly as possible in Jan to back up any challenge and help restore confidence in sp and buoy its price.rhis also may may have avoided any accelerated book builds beninff offered out
This month at a discount. With all the negativity and worry around the company it has held it’s own. We just need news now. Shorts are down to 2.81% around the same level as April 2019. This is positive in itself. I’m really hoping there are no more surprise book builds from now until the Results in the 1st week of March they’re definitely not ideal.
My question over the book build is focused on B Shetty. Won’t he have any margin calls!? He owns nearly 19% of overall shares in the company! Correct me if i’m wrong.
Q