The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Yes I just need another £16.75m,any takers ? Seriously the company is not in trouble,just the share price and someone will eventually realise this apart from the analysts
questions needs to be asked why they delisted from TSX, they could have purchased asset in canada just like i3e did.
Very poor from sdx, the current board needs to be sacked as he has nothing which has made things better than when PW was here.
Look down the back of that sofa littlened! :-)
We will see legache but at a market cap of £17m I might make a bid myself !
I don't agree littlened. There are multiple instances which I can draw your attention to where the business just ends up either getting broken up or hibernates and therefore drifts. Trying to get a return out of this dog is looking unlikely without new management IMO...
Yes but there comes a point when the undervaluation will trigger some action by a big player.This is not a case where the business can go bust,it appears to be incompetent management.In these cases someone always comes in as' deus ex machina'.We just have to invest on the way down to be sure we profit on the way up
Littlened, this is how this stock trades due to low liquidity and weak AIM PIs who don't know what they are doing. People have been saying for years this is being manipulated down for a takeover but nothing has ever happened.
This price is being manipulated down for a takeover.The signs are there,constant sells of smallish amounts just a bit more than buys.It is coming,the obvious course of action ,at this price,is to double down.With the current assets and profitability it will succeed
Spread 8.10p=9p
They are not making this easy...
:-(
Yes! And then another even more strongly worded letter when they inevitably don't respond and don't alter course. That should do it.
Maybe it would help if we collectively write them a strongly worded letter?
Waha etc must be breathing down these guys' necks. If they aren't it would explain why Reid and Box are so blase about everything. Neither of them have a significant stake in SDX other than salary and have bought no shares for years, neither have the board. Absolute basket case, management and all board members need to go.
Valuation is now significantly less than one year's operating cash flow. Of course free cash flow is what really matters and given this company has generated either 0 or slightly negative free cash flow for years the worry is that this will be no different next year. We thought we might get some free cash flow this year and see some cash added to the balance sheet but it is now looking like that might not happen.
Projections for CAPEX in 2022 indicate 2022 should be a year of free cash flow generation but no one trusts this company.
8p looking i danger. If price gets more silly I might have to add. Although I want to see successful outcome of Meseda drill. Where are the comms on this?
Yup, also there isn't enough in retail hands to make any difference, which is why Laurel and Hardy think they can act with impunity.
It'd do no good. If Waha etc don't have the clout or the desire to change things here, we have no chance.
We need to organise a Shareholder Reform Group
Really quite absurd valuation now. Liquidity is very low here and no demand for shares so when some PI wants to sells a few K's worth, it drops and keeps dropping. MM's fill orders when they have them but there is no real demand for shares on a consistent basis and given such low liquidity and most shares in (apparently) very tight hands, a big buyer can't really get in. If someone does want to get in here in any size they'll either have to agree a trade with one of the big shareholders (seems unlikely they'll sell given they had every chance to before) or they'll go to SDX and try to do some kind of financing to get a decent stake.
Could go either way here. Although short medium term the company won't go bankrupt. Should have additional cash on balance sheet. But if anyone can squander it it'll be these guys.
I second the call for a return of Welchy!
By my calcs, the assets are now valued at about $6.5M. My average is 11p. Is it darkest before the dawn or before it's totally black?
Should bring back Paul Welch, he was a lying Baztard but at least he had the share price moving the right way, the board the now are just lying Baztards and haven't got a fkn clue,
I think that is one thing we can all agree on here, management really are bottom of barrel salary men. Where are the comms?
Something doesn't seem right. Hope I'm wrong but silence is never good. This is run by idiots.
tie in news an flow rates due on this well very soon...
I think we all agree that messers Reid and Box are out of their depth. I change of mgt would result in a 50% change in share price overnight. I just wonder what someone like Paul Blakey from JSE would do here. "Miracles" is the most likely answer!
However, noting is uninvestable.
I will have a nibble if this gets near 6-7p, purely as a punt on M&A activity.
Management are clueless . They have no experience in this sector and this is one of the reasons the company has become uninvestible.