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Sorry Bc, your post came through first and yes I agree
SeenRight84 (and extrader and others) with you all the way and I don’t think any apologies are needed to anyone on this board.
CF is brilliant on many levels and I have seen many of his presentations and I do not doubt his integrity .His enthusiasm was and is admirable but IMO he has to moderate what he says and stick to facts or they be misconstrued.
No worries SeenRight I agree with a lot of what you say.
We just all need to remember that this won’t go up in a straight line. This is obviously a lull into which a few are pouring pessimism, but the long term future looks really promising.
Good luck all
I'm very content and confident in my investment. Looking forward very much to the next couple of years.
It's an AIM company coming out of a transitional period. It's not going to report and guide like GSK.
Bc, apologies if my “for the record” came across as passive aggressive…. It wasn’t meant that way!
I absolutely agree, we are in a bubble and a very exciting space right now with plenty to look forward to.
Steady as she goes and hitting a few objectives on time will see everyone settle down.
I’m not trying to play devils advocate just to cause a stir, just want open discussion to be met with the respect it deserves on this board.
For the record my average is 35p so I’m underwater. But I don’t let SP dictate my mood.
If I was dealing with multiple fundraisers, lies, no sense of purpose or direction, wildly bouncing SPs (I’m talking 80/90% losses from all time highs) no profitability or a whiff of one, then I’d be annoyed. For the record I’ve been involved in shares that tick all of those boxes I’ve just mentioned, but equally I know I’m in AIM, and this sort of stuff is sadly all too common.
I think we all need a bit of perspective here. Orph is a hugely exciting and dynamic company that I believe will realise epic gains in the next 2-3 years. Sure the SP is low but how often do SP and fair value truly match up? I’m not here to sell until we are way way north of here so I don’t really care whether it’s where it is right now or at our last ATH. I’m prepared to be patient and see CF’s vision come to fruition.
For some posters here I feel the dissatisfaction runs so deep they ought to move on. That’s not to say we should be the OO cheerleading squad but equally if folk haven’t a good word to say about a company they have their hard earned in, why not move on?
No one is controlling a narrative here. We are all adults capable of making our own minds up and coming to our own conclusions.
Wrong Jimzi, they are content because they have seen huge gains and are allowing CF a lot of wriggle room because of said gains.
There is a real arrogance on this board around when people bought in…. I’ll say it again, until we are all on the same page the newbies won’t stick around long enough to become LTH.
I would be gobsmacked if anyone is pleased with where the SP is at the moment… are you? If you bought in now and had lost 25% within a few months, would you sit quietly and be content.
Try and see it from both sides of the fence.
Btw, LTHs are quite content because they don’t post much.
Now; constant posters ?
How on earth do you know?
Time to wise up on how it all works short term - medium term is serene as all the guff disappears done the sess pit .
And please, stop pontificating about stuff there are no answers to until disclosed. And more, stop telling the man in charge how he should run the business .
He’s in charge, that’s how companies operate, shareholders have one chance every year - in the meantime, if you don’t like anything, sell
Afraid there are no armchair directorships ( luckily)
Becontrarian, although I agree with you, it could be deemed quite arrogant for the longest of holders to be in control of the narrative here.
For the record, I continue to hold and add on a monthly basis, I’m in no means ready to sell, believe that in time CF will deliver on his promises…. However, there are plenty here who haven’t seen the large gains that many LTH have. The comment regarding share pricing being higher wouldn’t create the current atmosphere…. That’s correct IMO, but CF slippages have (granted along with many traders and Invesco selling out) resulted in a selling frenzy and seen circa 25% drops…His over exuberance is both a lovable and annoying trait, but one we either love or loathe I guess. But as share holders he has to know his actions are likely to be scrutinised.
Jimzi, I think you’re missing the point…. Some have lost thousands not just a few hundred pounds. We’ve also lost a few “decent” contributors on here, who have simply lost faith.
We desperately need the LTH’s and any new investors to be singing from the same hymn sheet. Not the LTH gloating about huge gains and the new investors citing double digit loses over a number of months.
Here’s to a great few months ahead, for all of us… newbies and LTH, I hope we all make a bucket load of cash!
Jimzi. "The moaners are trading ffs."
You're completely wrong on that re regular posters. The criticism of CF is spreading among LTH's as they look back on what he's said. These guys aren't trading, they're not trying to move the sp either way, they're just taking a reality check and voicing their thoughts.
Many LTH's have kept quiet but I'm pretty sure a lot of the comments from such a wide base of OO supporters have hit home. I hope CF and his other BoD members are looking in and taking note.
The moaners are trading ffs.
Switch off gents - it’s an investment
I don’t wet my pants making £200
I agree the board shouldn’t be one sided. But equally, there’s no point in having debate for the sake of it.
Many of the ‘counterpoints’ to the prevailing positive narrative that this company has engineered are often very speculative, or is just CF bashing. To me, that’s not debate, that’s just moaning. And I really do think that those moaners wouldn’t be moaning if the SP was a little higher, which is just dummy out the pram behaviour rather than genuine dissenting voices making fair points based on facts.
Bronx and co. we all know that the previousl crew in charge were complete cabbages, and made several appearance on a well known investor stage and basically lead everyone up the garden path with a load of porkies. CF has proven to be totally differnt and unlike the previous shambles in charge, CF has actually put considerable amounts of his own money where his mouth is unlike the Hvivo managment who owned nothing apart from some freebie options if I remember rightly. If you can't stand the heat then just get out instead of you and your mates contunially moaning and cooking up theories of doom and gloom and questioning the accuracy of the accounts. There are plently of other dogs or savings accounts to invest in if you so wish, make you choices instead of boring us all with your tales of woe.
The big 3 consumer electronic companies that were fighting to get DIM's data back in December.I think he said let's them fight we'll sell to the highest bidder.
Does he think these guys aren't listening to his podcasts.
Let's see if the big pharmas will fill slots 3-8..even if he get 2
Thats the next big hurdle..
Fair enough. I'll start :
I'm positive re ORPH's trajectory , as I understand it.
Hard info is sometimes at variance with the spiel.
But what I really don't like is CF's occasional 'playing to the groundlings' :
- what's with attacking majority shareholder Imutex for being slow(er) to deliver than he'd like ? He's been slower to deliver than WE would like , FFS ! Is this childish behaviour somehow supposed to motivate them to get a move on ? I just don't get it.
- and as for his repeated references to the Chinese 'caSinovac' - OK, it was mildly funny to hear it the first time, but NOT repeated - and repeated again - in public fora : he's said it 3 or 4 times now.
The cultural concept of 'face ' makes this sort of mockery of the Chinese bad at the best of times, but they're on the defensive over various aspects of the coronavirus story anyway, which makes this 'leg-pulling' doubly crass, IMO.
This just seems incredibly short-sighted and counter-productive, quite possibly with attendant negative financial repercussions.
And the biggest concern - because unknown/unquantifiable - if Cathal is a loose cannon in public, who else might he be upsetting, away from public view ?
It's getting quite boring how one-sided this board is becoming.
Anyone dares to open a conversation around any topic which isn't centred around blowing smoke up CF's backside is smacked down and criticised.
Lets encourage open conversation and look at all sides of the argument and being blinkered in either direction is a dangerous game.
The fact is, CF is at his lowest point in terms of PR at the moment, due to many reasons and some of his actions should be discussed and debated..... fairly I may add.
Lets not be a one sided board, as we are in danger of being just as guilty as the man with too many toes over at ADVFN.
Moniman you of all people should be the one questioning management's decisions..
I remember reading one of your posts back in mid 2018 when Hvivo was 60p and you were singing the praises of Trevor saying Hvivo was going to double or treble.
Jeeze, how ironic. lol
Poacher turned gamekeeper. ;)
Blah…Lol..you’re like Bronx and a few others always complaining. If you can’t stand the heat get out of the kitchen. If you want a safe bet go to the post of and buy some Premium Bonds you turkey!
Blah. Apart from the "profitable in Q4" mantra we also got 'cost savings through consolidation, reduction in headcount, premises, debt, much leaner than before', etc., in various presentations and podcasts. With costs ahead of revenues I'm wondering where that leaves us on net debt this year.
Moni. Fine, but our income didn't support that level of investment and CF diverted our attention from that fact.
I've said enough about CF now. I'll wait and see what this 'completely different place' looks like when it arrives. GLA.
Really moniman, who knew you had to spend money when running a business, very informative. You claim that the costs went on infrastructure and a challenge study - what infrastructure specifically, and how much? Do we now have all the infrastructure needed, or are more costs likely this year, if so, how much, and what will be the impact on profits? What costs are associated with the challenge study? That is surely an ongoing project, rather than a one off cost?
I've emailed ir@ORPH re staff costs and 'other expenses' , asking for a breakdown re the latter and whether - for both - the numbers for 2020 are a baseline going forward.
You’ve got to spend money investing in the business to make more money in the following years. A majority of that investment expenditure was expanding infrastructure and new challenge study for Covid related work etc and won’t happen again in the current financial year. Money doesn’t grow on trees you have to invest to make it!
Why did costs balloon so much last year while CF said so little about them? "pretax loss for 2020 widened to GBP11.2 million from GBP5.8 million the year before". That means losses in H2 were £6.2m, even greater than the £5m in H1. Instead of guiding investors about this, CF concentrated almost exclusively on revenue and cash flow, saying things like "profitable in Q4", and "some people will be pleasantly surprised".
"Profit was hurt by an increase in direct project and administrative costs to GBP32.4 million from GBP8.7 million" So that's an extra £23.7m spent. Shouldn't we have had a more detailed breakdown of this, or at least some sort of guidance about why so much money was spent last year, a massive amount compared to the market cap, and surely more than most posters here expected? It is starting to look like Poolbeg was much more than the mere spinoff of minor assets it was portrayed as.
What about costs going forward - there is surely an urgent need for more transparency and confidence about this area of the business?