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On the 31st January 2019 with RP at 3.07p my holding was worth 160,000
On the 31st January 2024 with RP at 5.07
my holding was worth 14,000
Madness
Apologies bothwell.iwas trying to delete my post as i released it had ludicrously aggressive capitals through the caps lock being on,but i pressed the wrong button. also didn't finish it.was going to say 96% down since dec 2013.also when looking at your figures you need to factor in the 1 for 20 consolidation,as well as other aspects im afraid.
B9THWEL,I HAVENT CHECKED WHAT THE S/P WAS WHEN WE ISTED IN H/K,AS FR ME THE ONLY RELEVANT FIGURES ARE WHST I PAID FOR THE SHRESAND WHT THEY ARE WORTH NOW.96
So we are at 5p sterling, we were moved to HK exchange at 12p sterling?
Morning bignose.year end results on 29th march last year,so not that long to go now,before some news to end this astonishing period of silence. i hope they don't just trot out the old tropes of continuing discussions with FDA etc.you would think they will have to provide some real updates as to what (if anything ) is happening,but with mellon and co being in total control i wouldn't bet on it.
There are probably 2 good reasons….. apols for the typo ;-)
So….If or when the patent runs out, will Recordati renegotiate a contract or will the existing contract have some clause already included, although I would suspect there is already some a definitive contact duration with clauses for continuation. I wonder if there was even a clause for them to apply for the OTC approval. Not sure if they would even consider renewing given how bad sales have been, although there is probably 2 good reasons to continue. Getting a local Italian manufacturer and obtaining OTC approval which cost both time and money. I wonder what their long term plan is?
You are indeed.
Am I right in thinking the s.p. is currently about 5p Sterling?
FFS...how many more times?
Patent coverage expired in all territories in 2016 (and in the US in 2014). SPCs granted in a few European countries post-approval, all since expired.
Value of Fortacin as an intangible asset was based on the EMA 10 year market exclusivity which expired November 2023, along with some made-up fluff about revenue in other territories.
With no existent IP or other commercial protection in any territory, no need for amortization charge. Carrying value negligible, since only basis can be the NPV of the tail end of the Recordati agreement (less than four years away), Orient Europharma sales (if they ever get product- last imported batch expired Jan 2023), and risk-adjusted NPV for China (which I would not count on...).
Posts crossed. not sure there are any optimists left,but it's see what happens.
Morning bignose. yes finally. not sure about the implications of the end of the amortisation period.may make us look better in accounting terms,but the reality of no income is what matters.clearly no appreciable income (apart from the tax credit) in the period, as it would have been mentioned.there was no operational update with the PW last time either, but if there had been any good news i think they would have announced it. not looking good im afraid.
That said and for those optimists still left ...lol.....There have been operational updates after the profit warning and preceding the final results. Could this indicate something is afoot like a US license deal.........probably not, but one can dream a little....lol
And surprisingly, no operational update which certainly doesn't bode well.
Could this be the final nail in our coffin.
Not that its much consolation but.......
"There will no longer be an amortisation charge relating to the Patent (FortacinTM)". meaning the European patent has now run out !!!
Morning The.Italian.
Finally !!!
Out now.
Wouldn't want to be out of this over the weekend!
And Up 1.111% as I write, somebody knows something.....lol lol lol
By the end of today, we are all going to be millionaires.....or just broke....lol
I can certainly remember shaw taylor.very much an "evening all" from jack warner as george dixon man myself though. much as i enjoyed being reminded of the positive profit alert, i very much doubt either of us are holding our breath for a repeat!
Anyway, in the words of Shaw Taylor off that well known tv program, junior police 5. “keep ‘‘em peeled” (if anyone can remember him or even the program….lol)
Going by the last 2 years, we could see an announcement tomorrow or next week.
2019 there was no profit warning or indeed, dare I write, a positive profit alert.
In 2021 the profit warning wasn’t made until the 2nd of March, however. Before the announcement which included an op update, there were 4 op updates preceding which could be the reason it was delayed by a few weeks.
Let the good times roll,dougie!lol
Up 1.12 % today guys !! The money fountain has been turned on again!
And to add salt to the wound……
The current market cap to long term RPG investors is only about 0.5mill gbp. For long term Ple investors it’s around 1mill gbp. These figures take into account the dilution effects since the PLE takeover. Disastrous. I really do not know how JG has the front to state in announcements that the company is increasing shareholder value.