The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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fair enough razoba and thanks ( less than .5% left then is trivial whatever in fairness.. and likely fully gone now, I'd expect )
Norges Bank Investment Management -11.41m / -58.52% 8 million left since 8th Oct
Not many left , so could be out of the equation now
while Norges Bank are probably now under 3% here, it is not certain - in my mind at least - that they are yet fully sold out here .. and as it seems very likely to me that they were intending selling out completely here - as part of the global sector exit plan - there may still be ongoing selling pressure from them too for a while yet here ?
I would have liked Peter Levine to comment on whether they have sold out completely or not now.. some might say the fact he didn't mention them means they are fully out already now .. 'maybe, maybe not' is my answer to that.. as for eg as they are now under 3% PL does not deem it necessary to try finding out their exact 'current' status here anymore
Reassuring to some extent from Peter - Nice to have some honest communication - just hope it doesn't back fire in the short term and certainly not being helped with another 5% down on price of Oil
IFC had 4.9% 20th Oct - I wonder how long this will take to burn through their holding - I guess we wait for the next holding RNS to see how quickly they are moving their shares
GLA
@Leftleg - Thank-you for the link
Really good to hear PL. He sounds annoyed with Berenberg for how they are trading the IFC departure. and the impact that's having on the SP. No more placings coming up. PL is not taking it Private. No hidden bad news. the SP is due to IFC selling out, due to their mpove away from fossel fuels.
I'm happy with those answers. Nice to see PL with some spirit there. Hopefully this is just "a blip", the IFC shares can be cleared soon and the SP can be rise like a phoenix.
This may be the bottom, or the SP might fall a little bit more 1st before it can start increasing. My avg is too high for me to see a ROI anytime soon, but I'll leave my shares in my ISA for a few more years & keep hoping they come good. For anyone who gets in near the bottom, there will be a chnace to make some very good money on the rebound play
Interesting see if P L or other directors add too there holdings at these levels or tra
Agree that there is some underlying serious unhappiness with this and the politics behind the scenes is damaging the SP rather than the fundamentals. I for one am going to stay for the long term, top up occasionally, wait for the 'big boys' to finish playing their games and then see what comes of it.
Fair play for communicating - well - the situation Mr Levine.
Plenty here had kinda deduced this and communicated it in their own ways on this BB already, in fairness.. but it's nice to have confirmation too.
And I feel this could potentially be a further bad again situation for a fair while yet, alas. ( and if there was a market correction in Nov for eg on top - per my last post - this s/p could, sadly, go plenty lower again that 1.25p for eg.. but, one way or other, it might not either, of course.. and hopefully doesn't)
One solution could be for whoever offered to off market block buy out IFC's remaining holding to just buy ongoing meaningful size in the open market instead ( but my guess is they're hoping to 'optimise' their overall average purchase price by whatever tactics they deem appropriate.. eg's eventually getting IFC to off market block sell some to them and/or only start an open market exercise when the s/p is close to as low as they feel it could otherwise go )
Also my guess is IFC are at least fine with causing as much s/p damage as possible on their way out the door...and, at most, proactively trying to cause as much s/p damage as possible on their way out the door.....whatever the extra cost of that to them is (they're probably losing so much anyway in this exit exercise that another bunch on top is pretty academic.. and there may easily be an underlying serious unhappiness on IFC's part with something(s) that occurred during their journey here)
You have to admire Peter’s twitter post. Absolute belter