The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Regarding mud slinging and rattled PIs. A fanboy bb is of no use to anyone other than those who want only views that confirm their bias. intelligent debate and alternative points of view that challenge cherished beliefs is healthy and should be welcomed.
The only issue I personally have with intra day RNS's is not knowing till I get in, around this time in the evening. It's always nice to have that little bit of notice when the market is closed to be able to react, should one wish to buy or sell a stock.
Not here, as I'm just accumulating as many as I can for now, just generally.
I'm more interested in what's in the RNS than what time its released to be honest, for me it makes no difference as the MM's will market up or down within seconds, I'm sure you can see the majority are released before the market opens or after its closed up to 18.30pm i think, same as yanks after hours or before it opens, yes you do get exceptions, but 7am is good with me as then the CEO's can then do there planned interviews with whoever, for me i fear an RNS during the day as i always think its bad news and the ones in the know can get out lol.
Yeah I whinged about that a bit in the past and they did actually drop one at about 4pm I think, maybe he read my comments
I fancy 12 noon.
CF is always dropping the predictable 7AM RNS. Personally I wish he would mix it up a bit. 11am would be nice.
Should we now be looking at sp increase since accounts have been published? been out the loop majorly through to different factors but from what I can gather, CF should be loosening his grip and releasing more information? anyone help consolidate please
This was my top up this morning but showing, like a great many other BUYS, as a sell... (raises eyebrows to ceiling emoji!)
21-Jun-21 10:35:27 32.399 57,060 Sell* 32.00 33.00 18.49k O
BTW, paid 32.80 for my little top up. If anyone is looking at what appears to be a sea of sells on the trades page here. Actually, it went through on the Aquis exchange, for whatever reason. ???
GLA, Si. :)
Good post, Dingo. Never had any truck with the notion that the spin outs have no value built into the sp, myself.
I've certainly added to my holdings (not sold any) to build up my access to more of the spin outs. And I guess, by doing that I have had some small part in increasing the the sp as I've bought. Extrapolate that out to many others doing the same and that, imo, adds a certain value into the sp that is directly connected to the spin outs. Did it again a few minutes ago so as to increase my share of the next one. And will continue to do so as funds become available.
There have been some rumbling by a few PI's in recent days over the effect of the poolbeg spin off on the SP. Many are stating that poolbeg, as well as most/all other spin offs, are not on the balance sheet and therefore should have no/little effect on the SP.
These people are not considering the fact that the SP of the company has little to do with the net asset value of a company. In its most basic sense a company is worth it's net assets, which is balanced by equity. A company is never sold on those metrics alone as it ignores many off balance sheet considerations such as work in pipeline, demand for services etc etc. Given ORPHs past as a loss making company its NA value is probably quite low (recent results confirm the group value to 31/12/2020 to be £22,297,000). It may well be true that this value does not incl poolbeg/DIM/prep/imutex.
However, the SP considers many many factors in addition to the net asset value. Shares can be seen as a commodity of sorts, the value of which rises and falls depending on demand. The prospect if spin off shares in poolbeg undoubtedly attracted short term traders/beneficiaries who fancied a slice of the poolbeg spin off. This would have resulted in pre spin off demand going up, and then, as those PI's sold the demand dropped off. This is in part why the SP has risen and fallen over the past few days. There is also sentiment, that seems low in some people's eyes, and likely not helped by the results.
So, the fall in SP isnt CF lieing/MM screwing the PI about whether poolbeg has any balance sheet value. It is lilely as a result of investors trading the share short term. We certainly cannot value poolbeg on the drop of SP in ORPH as the value of poolbeg is still not known, albeit we have been given some indications (pre funding/dilution).
I am relaxed as things stand, but the events of recent weeks seem to have rattled certain PI's on this board which has led to a bit of mud slinging. Hopefully things return to normal before long :-)