If you have any questions for next week's webinar guest speakers (Atlantic Lithium, Cora Gold and Valirx), please submit 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 and have access to Premium Chat. 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.
I think I’ve touched a nerve as you couldn’t even get your usual 3000 characters typed up soon enough to counter the real truth behind your constant trolling of CF.
Earwax, You and your trolling pals JB etc are the only ones underwater here. You have the nerve to criticise others on here and constantly post non factual bile all the time. You and JB have been outed from your losses from elsewhere, and now all you can do is constantly post derogatory statements about CF. If you don’t like whats being posted you try to get them removed…you are just a sad trolling LOSER!!!!!!!!
The worrying thing is that the likes of JB, Bear and Earwax start by trolling CF on BB’s , the next thing you know is they will be stalking CF and following him around. Who knows where that deranged behaviour is likely to end? Maybe someone should warn CF that he has potential stalkers on his tail.
Interesting, but not surprising. Own your own mistakes should be the philosophy for all, unless fraud is in play.
I know where and how to use the filter tool.
Very interesting to learn the reasonings, there is always a motive to the deramping and they are never open about their reasons for sitting on boards and bashing shares
looking back at that Amryt history I came across the ADFN page below which for those few interested in the psychology of trolling perhaps sheds some light on JimBeann/Bronxville?EA?PF's pathological obsession with slandering CF and talking down OO. I draw your attention to the info that JB/Bronx lost heavily on Fastnet, CF's previous company, and subsequently obsessively dissed Amryt. "Bronville is a very, very bitter man," one poster writes "because he made big loss when he sold his Amyt shares having vastly overpaid for his Fastnet shares". It appears he has transferred his animus about that fact (and CF) here. I've nil interest in exposing other people's miseries or mistakes - I've made enough of my own -but it does perhaps explain quite a lot about the roots of the unhinged campaign that has been waged on here against Friel. Perhaps you could address that JB. As ever, dyor.
No citizen if you did your due diligence you'd know there has been 2 major acquisitions by Amryt and his below 1% now.
Thanks for the correction JB, my mistake. They sold a few and retain 9%. Look forward to you correcting your own errors (without resort to imaginary friends).
"I'm done with you now"? Get over yourselves
And that Share Magazine % is wrong.
I'm assuming that was the % of Amryt he owed with he 'resigned'.
Jim Beann is always making derogatory remarks about CF. I just hope he gets what’s coming to him. He’s lurking on here like a bad smell with his alter ego Earwax. Can we all report Jim and Earwax posts as they keep getting my and Ryan’s posts removed just for sounding them out. I’ve no doubt Jim and his mates will get this one removed.?
Yes they have..I'm done with you now,another waste of space.
8 May 2018
AMRYT PHARMA PLC
("Amryt" or the "Company")
Holdings in Company and Lock-in agreement
The Company was notified today that Raglan Road Capital Limited ("Raglan Road Capital"), a company in which Cathal Friel and his wife, Pamela Iyer, own, has today sold 8,380,000 ordinary shares of £0.01 each ("Ordinary Shares") at a price of 17 pence per Ordinary Share (the "Disposal"). As a result of the Disposal Raglan Road Capital Limited is interested, in aggregate, in 24,697,347 Ordinary Shares in the Company representing 8.99 per cent. of the Company's issued share capital.
maybe your "knee-deep friend" should have a word with investors in Sound Energy. Since they acquired Fastnet's Moroccan assets their share price has lost 80% of its value. In 2016 the company was valued at £423m it is now valued at £22m.
And I assume you are retracting your (libellous) comment about CF being "pushed out" of Amryt, which is not supported by any comment or fact from the time or subsequently. His holding in Amryt hasn't altered. https://www.sharesmagazine.co.uk/director-deals/director/1873/cathal-friel
Citizen I'm not going back an researching 2012-15 history.
I was told by a friend in knee deep in the oil business.
It's not been drilled by apparently its very lucrative.
As for Amryt CF wanted a quick in and out whereas Joe Wiley and Rory Nealon wanted to build something on the line of Shire Pharma.
So he was overruled and then after they did the reverse merger of Aegerion Pharma his stake was watered down.
JB I'd be really interested to see your evidence that CF was "pushed out" of Amryt. If this wasn't a marginal and anonymous message board that's the kind of public allegation that would have m'learned friends licking their lips. Also the Tendrara Lakbir basin that Fastnet was exploring remains, six years on from the sale to Sound energy, at best a highly speculative play in a politically difficult part of the world as far as I'm aware. Do you have alternative sources? Please enlighten us.
Elrico..just so you know he was co founder of Amryt but there were differences in opinion and Friel was pushed out in 2018.
Actually the Fastnet Oil and Gas licences Friel let lapse in Morocco (after the setting up of Amryt) turned out to be very productive assets.
I'm not denying CF is not a good businessman,he obviously wouldn't be where he is is he wasn't.Maybe he does eventually strip Hvivo's assets and the sum of the parts greater than where we are now.Thats his Business,he's done it before.
Maybe he knows he's locked in until next year and doesn't care where the share price is now.
Maybe he's deliberatedly holding back news to let his mates in again like he did at the last fundraise.
Right here right now there's no doubting he has over promised in early/mid 2021 and under delivered and that's mostly why the share is getting crushed.
There is justifiable criticism of CF for being overly optimistic / using glib sound bites (share price growth etc…) / calling out imminent news that hasn’t yet materialised……but I’m quite enjoying the new approach…talk when you’ve an announcement to make and if it’s quiet in the meantime so be it (granted did revert to old CF in the Poolbeg session).
I try to take a logical view to Orph as the majority of discussions are emotive, and it still seems (to me) hugely appealing as an investment.
There are two key pieces for me…
Firstly, financial performance / market opportunity, and secondly, senior management team.
On the first…Core business trajectory is obvious.
- Aside from H1/H1 revenue growth, contracts increasing in value so cash straight to bottom line. (I don’t think influenza ones will increase as much as others but still positive)
- Demand is clearly there - I think Hvivo did 2 challenge studies in 2019, 10 this year, 15ish next excluding Covid.
- Low cost to grow (for short term growth)
- Cost management / frugality - there are no vanity projects, if it’s not linked to revenue it doesn’t happen - a little short term it’s potentially but Orph isnt going to be standalone for long.
- Market demand increasing - whether the overall market is $250bn, $150bn etc… I don’t see as relevant - its analyst views, they will vary, we don’t know how that breaks down. What we do know is that demand into Orph is growing, albeit would be nice to see 3-4 contracts land this side of Christmas to reaffirm this.
On the Management strength piece, I think this is hugely under called. See far too many plodders in SMT positions, very rare to find someone that drives change. With that there might be some bluster/bravado, but CF certainly mixes things up. Most outcomes will be positive, but will be the odd screw up. Having a bit of a maverick as a leader but a strong team behind you tends to be a winning solution.
Coupled with this is a strong work ethic (certainly can’t be questioned) and the ability to set a strong team around him.
Whether A Catchpole, A Wildfire, M Treacy, A French, B Buckley, and the non-execs e.g. E Sullivan, all seem to be highly competent individuals.
While news has been thin on the ground recently, the work in the background still strikes me as very positive.
I have always believed it is best to have an honest dialogue from both sides of the aisle. I step away when the bullying becomes a strategic response because this is the point all hope of a sensible grown-up discussion is lost. It ruins the board for everyone else unless observes like car crashes.
Jim, if you are serious, email me your questions and I will try my best to get you answers. lemminginvestor **********
A polite reminder.
emhaigh1 (earache) - 30 Sep 2021 - 18:29:06 - 19138 of 19666 open orphan a new beginning - ORPH
elrico - re 122, your reply to adorling.
Elric: "If you pay close attention to what CF has been saying, and even closer attention to the strategy, you should conclude as I do ORPH is being fatted. I expect the company to be sold to big pharma for a significant premium to the ATH. Will it be next year or 2023? I have no idea, but I doubt ORPH will be independent for more than 36-months."
"The whole idea of the spinouts is 1. unlock real value 2. Make ORPH lean, uncluttered and attractive for potential bidders."
emhaigh1 (earache) Q. Have you got the same anatomical anomaly as adorling 'cos you both talk out of your arse.
Straight in with an insult with your opening sentence. I offered an opinion I still hold today, a whole four weeks ago. As far as I could tell, I was having a sensible exchange with another investor, when you jumped in.
I believe CF has provided plenty of clues that will, in due course, prove I am correct. Moreover, CF has a history of restructuring and M&A. See Amryt, formerly Fastnet Oil & Gas. CF and JS regularly discuss the value of sector related companies, and on occasions, M&A activity. I believe ORPH will prove to be more attractive to big pharma without the baggage of DIM, Imutex, Prep, etc. CF is also on record, stating everything has a price.
I offered an honest opinion, not dressed up as facts.
Well I do have McDonagh relations in Portsmouth and Furey relatives in Southampton and Wards in Brighton.I could ask if some of them could ask some hard questions.
Each to their own JB but if I was as angry as you and I needed to fly to Dublin to vent I would be on the plane.
So rather than just carp on to others I would seize the day and actually do something rather than just post negative thoughts on an anonymous BB “talking” to folk I knew nothing about.
Much rather deal with real people,ask real questions and judge real answers but takes all sorts :)
What a load of pompous rubbish ivy..lol
CF has promised the sun, moon and the stars over the last year and all he has come up with is a lump of coal.Anyone who bought 6 months is down almost 50%.
Yes he got Poolbeg off but who knows where that will be next May.
I tell ya some of you mothers are living in la la land.
Hey if he did an event here in Dublin,I'd definitely be there.
Now I could fly but last time I did I was sitting next to someone with Covid and had to self isolate for 10 days.
As you say we are all anonymous posters so we can claim whatever and whoever we want to be abd no one can dispute it with total confidence.
Therefore we have to make a judgement call on who we believe or disbelieve and whose opinion we trust or trust within limits or simply distrust.
Personally I am happy to make such calls and measure it against what I already researched here and see if their claims match my understanding and knowledge.
If there is a big divergence then it is natural to question their motives but no matter as I have already stated we all have individual responsibility and accountability.
I also look for consistency and must admit when I see certain posters consistently asking others to ask CF questions and to voice criticism at him I think well if those posters are so exercised by why don’t they attend the meetings and ask CF direct.
CF is happy to appear at many investor events so why don’t these folk avail themselves of such opportunities but instead seem to prefer to call him out on public BBs and encourage others to attend and criticise on their behalf.
Why do they seem so keen to bully others into submission but lack the moral fibre to fight their own battles.As I said we all have to decide for ourselves but certainly my experience in life has usually meant the ones that make the most noise have the least to shout about and the ones who are most dogmatic usually have the most closed minds.
Is it possible for you to address people with a less condescending, arrogant tone!
Let's deal with your Walter Mitty ego. I am sure you think it is deserving. Now let us deal with reality. For someone that "claims" to be on the board of "experienced businessmen and retired listed company directors" but offers no supporting evidence; therefore, one can only assume you are overegging your self worth, lying, or some other reason I am not worthy of comprehending. We are addressing pseudonyms - how is anyone to know anyone status, let alone trust implied.
I guess we mortals should be grateful for your wisdom, be we worthy or not. Please accept my apology.
"elrico. Where do you get this idea that CF listens to you or takes your advice? "I am sure he also suggested or should say, agreed with my hypothesis DIM could be worth equal to or 1.5 x POLB at IPO." You were also telling him how to do presentations, if I remember rightly. Your ego's way above its paygrade. Wind your neck in a bit.
Answer: The clue is in the sentence. You either believe me, or you don't; either way, I don't mind. However, let me be clear...I suggested the idea, CF agreed. I did not mean he was adopting my opinion/strategy and decided to adopt it. I am sure he had the same thought, or I would hope he had given his experience. I hope this clarifies this item for you.
And no I will not claim the credit if, as I hope, CF does adopt a 20% retention of DIM. I bet you would though. :-)
"You tell long experienced businessmen and retired listed company directors we don't understand strategy or value sapping spin-outs. You know so much you can tell us all where we got things wrong and what we should do - BUT YOU DIDN'T KNOW WHERE THE FILTER BUTTON WAS ???"
The shame of it :)
Your other pseudonym on AD VFN seemed incapable of understanding the benefit for investors by spinning out non-core assets. Your whole case centred around your apparent experience of sitting on PLC boards, nothing else. You pull the same chair up at another table. I don't know you from Adam. How am I supposed to know who I am addressing? You chose to be offended...own the sulk and man up. You were wrong about POLB, you will be about the rest. Evidence enough!
When I opinioned why the spin-outs offered value, your retort was, "I'm talking out of my arse." Is that the behaviour of an experienced PLC board member? You lose your cool very quickly. Moreover, you deliberately misconstrued my opinions, and make a fool of yourself into the bargain. No holidays because due Covid was a peach!
I have come up against bullies like you many times over the years. I have learned they always resort to slinging mud and talking down on others. The art of discussion sensible discussion is lost on you. If people disagree with you, you try to bully them, insult them and talk down as though you're the alpha-male that must be obeyed cowed too at all costs.
JIm. We know there is a healthy pipeline of work into the future, and that demand for OO services is strong. From an investors perspective, announcing new contracts is just noise really, as is news on the spin offs (accepting other factors on retained ownership, etc). What we need to know is that there is growth in revenue or profitability, and where it's coming from, otherwise the share price will remain around these levels. I agree that the market dictates the share price and that confidence also needs to be there, but we're not dealing with crooked BOD. Their interests are aligned with all share holders. If people think otherwise then they shouldn't be investing in OO. I do wish Emotionally, Mr/Ms 50k sells would do one though. He/she has been annoying me for months.