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………..”I don’t bet often, I bet big”
Earache I’ll keep this reply fairly short. I only have nearly 2 million Poolberg because I’ve been buying heavily into OO after it went ex divi on the 16th June thanks to TR selling and you lot bashing CF and the company, check my history and you’ll see I’ve had a very substantial holding since OO came into being and you’ll see I’ve been buying large amounts at around 25p since the recent pull back. Thanks again Earache and TR keep up the good work and I might buy you a burger as that’s probably what you’re budget is for a decent meal.
No worries - glad my name is on your list now. I was feeling left out.
DesperateStar was quite good. A one letter change is better though - like for yours.
That would make me DessertStar.
Still strong and long here.
Neon........don't be concerned about my holding ,I now own nearly 2 million Poolberg shares and will soon be holding three other companies off the back of my ever increasing OO holding. As I've said before, I'm holding for Gold not Bronze, why don't you tell CF how much his 7% has gone down, he'll give you the same answer!!!
Apologies, DesperateStar for missing your name off the list of CF bashing morons who have invaded this board like a plague of locusts.......
Moniman congratulations on your 1% holding . I read this board regularly and post rarely, I understand now your attitude to others who you perceive to be deramping. The declining share price has been tough for me but I can’t imagine what it must have been like to see your holdings value go down by over £1million.
i have no issue with a few posters not being overly keen on CF or challenging some of his comments but it is important to quote facts and not wild conspiracy theories.
For example "This meant there was no need to go out and make new hires." - No new hires but staff costs went up £15m?"
Firstly, employee costs were £15m in 2020 in total so they didn't go up by £15m. I too was concerned by this and did email the company a few weeks ago and the reply was posted on here last week for info purposes. It appears this was ignored by certain posters.
Anyway, a quick summary is that due to IFRS rules the 2019 to 2020 comparison is not applicable (e.g. Hvivo was purchased in Jan 2020 so none of these costs are included in the 2019 figures).
In terms of the additional loss in 2020 (from H1 numbers) the response was that many of the cost savings were only realised in Q3 and ORPH became EBITDA profitable in Q4. I thought this was a slightly weak answer but does ensure we go into 2021 with a lower cost base and EBITDA profitable.
We know CF can be overly optimistic with timelines etc and if you want to bash him so be it but i think it's fair to say he seems to deliver in the end.
"Never have 2 posters names been so appropriate LOL"
There's a third one: moaniman
That's because they are disrupters just looking to trash the company in some vain hope of getting back in a 5p, it laughable what Earache and his playground crew will post on here. I suppose it keeeps them off the streets and mugging old dears!
If you guys think CF is that much of a liability then it's strange to be that obsessed with this company and investing your hard earned cash here, would you like Trevor and Kim back, I think not? if the stories are true about our disgrunteled ex employee deciding to dump million of shares onto the market over the past few weeks at the end of a two year lock in from Venn takeover then there was nothing much CF could do about that, the same could be said about Invesco wanting out. Get over yourselves no one really cares about you guys ****ging off CF on a daily basis. AIMHO!
Sorry Moniman, I disagree with your assessment of some of the posters on this board. IMO it’s good to have a balanced board and I think Blah and Earache raise some valid points.
I also agree with Earache that CF can be injudicious with what he says sometimes and it doesn’t sit comfortably with me either the unnecessary bashing of the previous management team.
I think CF is a brilliant man in many respects but he must a CFO’s nightmare with some of the things he says ref timelines etc.
Blah, earache, Bronx, Deepjoy, bear666, the list is an endless bunch of boring, CF bashing morons who have invaded this board like a plague of locusts spouting carp all day long, almost as bad as that other Kretin 12 toes and his mates on Advfn. I suppose we’ll just have to put up with them until they get bored, I won’t hold my breath though, but I wish they would permanently! I continue to build up my stake on these buying opportunities, now thanks to the panic sellers I’ve got over 1% . Keep up the bad news guys you’re doing us real investors a huge favour !
"overheads are down. Whilst these aren’t visible from the recently reported numbers due to increases in staff numbers to facilitate the company’s increased pipeline of challenge studies, this can be seen from the pro forma numbers and will have a bigger impact on 2021 numbers as Open Orphan moves into profitability."
We were supposed to have "moved into profitability" last year, surprised CF still spinning exactly the same story, for over a year now. The £6 million additional losses in H2 cannot be explained away by a retrospective "increases in staff numbers" never mentioned before: that is nonsense and should not be accepted by anyone seeking to understand the true financial situation. An £11 million loss is surely due to a lot more than staff costs. What are the specific staff levels required, for which contracts, and why they are so expensive? How many more staff are needed to win new contracts going forward, and how much will they cost? Apologies for negativity, just being honest: we need realistic guidance on costs, not a fob off.
Cheers Jscs for the link, more good publicity.
Great spot, jscsc Makes one feel proud to be a shareholder. ORPH has to be one of the best investments on the markets today. The time next year ......
Minnowette?
If Open Orphan is the minnow at the centre of an expected $250 billion expanding market over the next few years....then what does that make Poolbeg !