The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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As we know people tend not to sell while it's still rising, but will sell when it starts to drop. It doesn't look like many share fell out the tree to be honest, they should try shaking again a lot high up. Most pi's here probably have averages higher than this and have held way too long to sell at these levels, especially given everything is pointing to the business turning around. There may be a few ii's who have averages which would allow a profit at this level, but i doubt they would be interested in 10% - 20%, not their game really.
interesting post bunco.i suppose the question that springs to my mind is will PHD get the time to see the debt reduce. i think clearly the level of debt has been the single biggest negative since the initial major drop to 30p or so on the poor trading update back in the day (forget the covid collapse as that was market wide). of course Dbay may be happy just to see their holding appreciate in value organically, but whether that's their strategy or not we can only speculate.next few weeks will be interesting.
would take that as a starter.
One thing which i though was interesting from the Vox interview last week was Tim's view on the debt. He highlighted that the debt should become less and less of an issue quite quickly as revenue increases which will filter through to more profit to reduce the debt burden, but also with increased revenue the debt ratio will automatically look much better too. When considering the significant increase in TCV over the coming months and year which Tim quoted and how that filters through to an increased ARR, we should really start to see improved figure from this point forward...40p is going to be looking very cheap in the not too distant future.
The share talk video mentions 60p target by end of December.
Certainly some tricker at play in the last hour here, looked like an attempt to calm the rise. I was only being quoted 40p for any dummy sells i put through but for anything up to 100k share. On the flip side I could only buy 5k share at 43p, anything more jumped to 45p.
As we haven't even seen any large buys or significant volume i can only imagine that there is a big order sitting in the background to be filled. Most are holding pretty tight here though which is good to see. If after the ii Webinar we have a new ii interested in taking a percentage, they may have to pay a much more reasonable price that Dbay have. Not may shares have been sold since the rise started.
lets wait and see
If this can't be held down for more accumulation to occur, but I think some might try, a bid could happen all the sooner rather than see the opportunity run away from the acquirer. They won't want to pay any higher than necessary.
I think DBAY have a network of support we can't even dream about and can do all sorts of clever things. This moved on pretty low volumes given the float onf 90M+ so either there's not much stock for sale at an acceptable price to the buyers in the face of better demand or the price is being manipulated to help keep it down until someone big has enough shares. I do think it could pop up nicely towards 60p.
interesting today.in the closing auction someone with DMA put a small number of shares on the ask at 30p (reduced to 29p just before end )thus ensuring we uncrossed at 36p not saying it's significant as they may just have wanted to ensure they sold, but at 3.50 i carried out a series of dummy buys .i tried to buy starting with £20k and worked down to £1k without getting a quote at all from HL. so clearly following the series of small "sells" there was not much stock available for the normal pi. were the sells trades by Dbay just to arrets the price rise? who knows and no point reading too much into any of this as there are larger forces int lay i suspect. will we see another TR1 from Dbay at beginning of next week? very probably imo
If DBAY want to.buy this as cheap as possible they might want to get a move on.
not sure bout that but someone paid 37p for 25000 shares a little while ago.
Someone had to say it
I’m holding until we get a decent offer of between 75-100p then I willlet my 400,000 shares go to highest bidder if an FSP starts, or Dbay offer 80p they can then take this share to the next level with a good partner?
https://spendmatters.com/2020/11/05/trax-ceo-transportation-spend-management-is-next-technology-sector-to-see-a-boom/ just posting this curtesy of pinkish on ADVFN. havent read it properly yet but looks interesting from quick skim.
if my calculation is correct Dbay need another 86,000 shares approximately to put them in the next disclosure bracket.
It looks clear DBAY are stalking Proactis and have laid out their table. The more shares they pick up down here the cheaper they will get the business.
Proactis management need to get the share price moving upwards pronto or see the business go private at the first opportunity DBAY have. The recent presentations had no impact something else needs to happen to get buyers interested. PHD might not be listed 12 months from now.
well i certainly can't top your post Pete,but out of general interest if anyone wants to look,Telit has received a preliminary approach from Dbay to acquire it. there they have 11.53% and the formal "put up or shut up "process has just started. there is another interested party as well.not suggesting the situation is in any way analogous to here (telitl is a very much larger company) but may be interesting to see how it pans out. not invested in telit and have only seen this from a poster on ADVFN.
Watch this space, I predict a bid from Dbay at 75p on Monday 16 Nov 20. That is all I will say! This has gone on long enough!
it would depend,i imagine,on what interest if any DBay have expressed.everuone knows they are increasing.presumably ,in view of sykes comments about them ,they have not made any approach ,even an informal one.i personally see slaters purchase as no barrier to anything happening now at any time.just my opinion.
OK, Craig Slater then.
The CFO last bought in March, which is a fair while ago now.
The CFO wouldn't have bought recently if he was aware a bid was coming soon.
I think if there was a time for dbay to make an offer it would be now. The past 20 months or so have all been turning the ship, going by the TCV increase in times of covid the new strategy seems effective and bepayd is now functional also. Bepayd has great potential, but even if it's moderately successful it's still additional income and selling point for the proactis offering. So I think if anyone was interested 1 year ago, they'll likely be more interested now as the share price hasn't changed and the company has advanced significantly and is starting to prove its strategy in the toughest of times. Now would be the time to pounce for a cheap takeover.
Not sure if the webinars last week were an attempt at a defensive move by the board to drum up some interest and push price up to avoid a low ball offer, but they are still 3-6 months away from being able to provide enough proof of the strategy being effective for that to work in my opinion. Interesting times.
up another 1.35%.this is engrossing stuff.
How they managing this?