The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Its not surprising he's not bought alot when he's just been awarded 4.6 Million shares that will vest very soon.
Perhaps I'm in a minority of one on this but whilest I'm delighted to see Jeremy putting his hand in his pocket I was hoping for something a little more substantial than Stg£15.5k. Its relative "chicken-feed" to someone like him I would have thought?
That went into HVO 10 minutes later and explains the quick jump there as well...
Big £132K sell late announced from 12.29 pm may explain sudden drop today.
For long term IPO holders, 30 days or 60 days is totally unimportant. For late coming, day trading carpetbaggers, 30 days will seem like an eternity here. I'm sure CF and Jeremy have some idea where this is going despite not having a contract signed for anything yet. The NOMAD has obviously given them the green light for directors to buy. JMO Adyor!
There are rules relating to a director-in-the-know buying or selling shares within a 30-day close period of news that is likely to affect the share price.
I think they have bought now as they are able to, I don't see a deal getting signed for a while yet, if they were in the last stages of penning an agreement they definitely wouldn't be able to buy.
There is also another closed period coming up, the one the Directors are all in prior to publishing Annual results, so they may have used this time to get in before that starts ticking, they were released on the 30th March last year.
The market obviously sees it as there will not be any imminent news and that is why Director's purchases although clamoured for by some, aren't always taken as a positive.
The strategy of doing deals is not market shaking, the fact we have a specific deal in play is usually more sensitive
I cannot see why any future deals or M&A opportunities would be market sensitive as the company has stated on numerous occasions that they are in active discussions with potential partners in both RNS's and investor conferences. It is no secret that this is the company model and their route to revenue. A deal can come at any time and one can almost sense something brewing. GLALTHs
I bet Jeremy wished he had bought today instead of yesterday, he would have saved some cash.
GLA
That's probably why Cathal and Jeremy have bought more shares now as it might only be 30 days or so before news breaks...tree shaking going on here as most shares could be in sticky hands by now. We've seen what happened to Hvivo price rise from 10p to 30p once the big investors wanted large amounts of stock but couldn't get their hands on enough, hence Cathal selling half of his very large personal holdings at Hvivo. He or Jeremy won't be doing that here it's clear as they are making significant additions to their holdings this week. JMO Adyor!
Presumably, there can be no price-sensitive news published during the 30-day close period of the purchase date 21 February?
Thanks very much for that Cash. Much appreciated. Regards
Presumably, there can be no price-sensitive news published during the 30-day close period after the purchase on 21 February 2024?
Hi Spuddy, check this link and see if it works
https://youtu.be/ajqOZym0cs8?si=MMA0-kAGhfVTllkX
Hello Cash
Hope you are well. Do you have a link to the mello youtube presentation ? take care
Yes the CEO knows that he is making good investment for himself. The 2 analysts offering 12 month price targets for Poolbeg Pharma PLC have a median target of 21p, with a high estimate of 23p and a low estimate of 19p. The median estimate represents a 93% increase from the last price of 10.90p. Zac Mir forecasted Poolbeg on Sunday to be at 13 p by the end of February... ...he might well be right! (ok maybe end of March now, after Tuesday's poolback)
If and when the shareprice hits 17.9p our CEO Jeremy will be a millionaire on paper when his allocated 4.6m shares is coupled with his shares purchased on the open market. What an incentive to get the ball rolling here. As he stated in the Mello presentation available on YouTube near the end of Q&A session that a deal will be done on Polb 001, this share could well turn out to be one of the big movers of 2024.
With a M&A oportunity looming also we are on the verge of a rebate and heading to becoming a £1b plus market cap company. How much dilution we will get on the journey will be another matter but CF will manage this correctly this time with the experience of Amyrt behind him.
Great news this just after CEO (Cathal Friel) bought again recently of course...
22 February 2024 - Poolbeg Pharma (AIM: POLB, OTCQB: POLBF, 'Poolbeg' or the 'Company'), a biopharmaceutical company focussed on the development and commercialisation of innovative medicines targeting diseases with a high unmet medical need, announces that it has received notification that on 21 February 2024, Jeremy Skillington, Chief Executive Officer of the Company, purchased 154,764 ordinary shares at a price of 10.8 pence per share (the "Purchase").
Following the Purchase, Jeremy holds 873,497 ordinary shares representing approximately 0.17 per cent of the Company's issued share capital.
Good to see Jeremy buying shares.
GLA
Https://twitter.com/PoolbegPharma/status/1760212766676422781
March 18-20th.
GLA
Https://twitter.com/PoolbegPharma/status/1760197665181016490
GLA
Soooo many buys today (or so it seems) , yet we lose 5% on the SP, no idea how that works.....looking at the share trades tab on there, you'd expect a 5% gain, not a 5% loss... :-(
Bit of a tree shake today, do MM's need more shares I wonder?
In the last hour there have been 450k buys reported against a 10k sell, in fact the lst sell before that was at 1.30pm, nearly 3 hours ago.