The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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18p for me!!
Distressed investors will not want to hold shares and they will be keen to redeploy their funds to the next victim - they will not leave money tied up in harbour equity. They have been given a sweetheart deal and even at 20p, they are making a huge profit on their original investment. I invested in PMO bonds in June last year and it has been the best performing asset in my portfolio.
Many of the distressed debt investors have already sold out by taking out shorts (including me), but this only accounts for 170m of the 3 billion shares they will be given tomorrow. Shares price for next few months will be driven by how quickly the distressed debt investors sell their shares and what floor price they are willing to accept.- I am betting 20p to get out quickly, but this is just my personal view.
I also invested in Premier shares and will buy more on the dips around 20p post 1 April. This is going to be a great share in the medium term but everyone needs to fasten their seatbelts for high turbulence.
Let's see if some positions close this afternoon.
We could see some massive moves this afternoon as they scramble to buy stock going into close
Lol- it's like the Good , The Bad and The Ugly film with Clint Eastwood. Gunslingers with spying each other through crooked eyes. Who's gonna draw first...
You seem panicked Timmy.
Hope you're ok.
PMO is an income stream. You make completely miss the upside.
its worth min 30p all day long
https://www.youtube.com/watch?v=MXuHZ4WtMvs
Interseting point you make Krak about £4bn mcap, Jeffries value new entity at £6bn, so the shorters could get toasted, distressed debt investors best strategy is to hold their shares
Pmo is no more and your shares will be worth 5% why not sell and buy back when the reverse takeover has settled.
I know I am
Just depends on where you're at.
If everyone sells, I'll topup, if they dont and it goes up, things are rosier than I thought, and I still top up.
You cant predict the bottom but we're nearly there.
PMO is tullow but without the debt. Chrysaor arent idiots, they want to get paid and they are willing to buy out the debtors.
5% we’ve been mugged sell now
5% of harbour sell now don’t do them any favours.
Yep, Jeffreys seems to think so but these big guys need to shake out small investors to get into a sizeable position.
The share will probably become fashionable at 20p.... which is probably when most institutional investors have bought in.
The rest is just up side.
October might get a dip but doubt it. As soon as this thing starts paying dividends, it'll take off.
bare in mind. We'll have £3bn in tax free earnings to enjoy.
Lots to like about Harbour and definitely undervalued to peers which will correct over time. However we need to accept that the share price over next couple of months will not be driven by value but by the number of. creditors shares being sold. LTH need to sit tight and top up on dips around 20p. My prediction is a trading range between 20p and 30p over next 2-3 months with price stabilising and moving up to 40p in July/August. More selling then likely in October as some of the original Harbour shareholder lock ins expire.
Agree with your view. Wonder if other institutions are holding the same view as the PIs?
I like PMO.
Waiting for the share price to drop more to buy more.
definitely commit more funds to it at 18p.
There will be a sell off but it'll be an opportunity for the big players to buy more of this company.
Undervalued for the amount of production output there is.
Will they do a bog off deal, buy one get one free while stocks last in the last hours of trading before the "sell by " date ends. Might need to stock up the fridge !
support gone sadly
23.2p support getting tested today. next stop 18p. british bulls TA says SHORT.
Ec when demand goes up the opecians simply supply more oil to rebalance the market. So theres not going to be a spike in PoO. In any event, HE have hedged 75 per cent of pil production at 59, so have locked themselves out of benefitting from increases oil price , largely. They do not want to speculate on the oil market, as did pmo to great cost, he is a safe harbour for your/ our money, not a casino.
So how many Pmo shares to 1 new share ? 4 is my guess
So if the 18510652139 shares are valued at 23.5p we would have a Mcap of just £4.3b - that’s very cheap for a company producing 200k oil per day plus gas.
This has to be a no brainier BUY
I sold out last week as IMO this is going to retrace in the short term, creditors are getting their payday. Questions from my perspective:
- How desperate are they for liquidity
- Do they believe in long term growth
I am hoping to buy back in once the dust begins to settle, going to be a very interesting ride! Long term growth is definitely on the cards
oil consumption will be rising. UK over 50% of adults alreeady have anti bodies. The USA I'm seeing a chart that says 44% here:-
https://edition.cnn.com/interactive/2021/health/global-covid-vaccinations/
Clearly World oil consumption is and will be increasing.
Likely the price of oil will be rising more IMHO.
All IMHO.