The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Another nice Govt contract today and Liberum rise ourtarget to 70p.
,,,,today on very small trade. That is encouraging. If it continues it will draw attenrion. There are some of us who think this could now go places.
sold a wodge of marginal winners and spread out the booty including a top up here.
I've also now bought at 47.44p. Only a small investment at this stage but looking at the medium to long term and may top up as things progress.
Best wishes all
...got back in today at a more sensible 48.7p. Claire knows her stuff and this time I hope to actually make a profit!
Proved wrong so far but believe these have jumped far ahead of events. Do want to buy still but much nearer 49p.
Google search on 1spatial share price showing after hours price @ 53.50 up 3.88% after being flat all day, maybe we're gapping up in the morning ?
...and still happy to wait. Small deals.
Now raised the cash. Wai8ting for the expected drift!
I was into these too early and cut my losses more than a year ago. Looks more tasty now. I shall wait for the 10%ers ro shift and then might buy. again.
Tipped in Sunday Mail 24 October 2021
Another 1m accounted for - Canaccord Genuity.
One seller could be Oryx International Growth Fund. They've been reducing their holding all year, from 9.75m in February to 5m by June. Be nice if they've finally sold out as them being a big seller would probably have been a drag on the share price.
Having said that, I'm not currently a holder but watching very closely.
FP Octopus UK Micro Cap Growth Fund has a great track record
Octopus is one of the leaders in EIS schemes and VCT schemes so it sweet spot is private and small cap companies. Very strong resources in this are of the market. As a result, their small cap equity investment team has built a strong reputation in recent years and a great track record. This is a big endorsement imho of what Milverton and the team are achieving at the company. Octopus would have done reams of due diligence and clearly had them on their target list to take such a big stake. The question is who were the loose shareholders. I guess we will see in due course.
Actually yesterday trades totaled 10,000,000 (5.8M+800K+400K+4M). Todays notice is for 5.1M shares so 4.9M to come?
Now we know....Octopus Investments....I know nothing about them so some homework for today
Yet only an increase in price of 1.5p. Some days it drops further than that when somebody sells 1000 shares!
10M+ traded today versus average daily volume of 54K....hmmm
I agree with you that should be doing better, that said they are deliberately investing in the business as Milverton said in the webcast. Margins on contracts should be much, much higher. What I hope and believe is that the ongoing shift to a Saas model will start to improve the margins and provide much better quality earnings and visibility. For an international business with expertise in this space, it is woefully under the radar. I dont see that lasting.... as this area becomes more important ( governments and states pushing net zero and green agendas for all their worth) this company and its IP will look increasingly attractive as an investment
should be achieving bottom line of 10%
number crunchers have yet to update spread sheets for contract wins, and calculate reasonable estimates of current year profit.
my reasearchsuggests company undervalued by 50% strong positive cash flow should be doing better
Hopefully they can get margins up which seem very low for a specialist software business at mid teens. This management team finally now has them on a clearly defined growth path - its early days , but there is evident very strong demand for their products and recent big wins bolster my belief that good things lie ahead.
One senses some real momentum here, under this management team
Agree. Been here a while as current management and Board (Chairman did brilliantly for investors at Innovation Group and his appointment was what initially caught my attention) turn this into a very interesting business.
The thing that jumps out to me about this contract is that it shows scalability in the products they now have - i.e. starts small in tandem with the whole project but the scale up option is there to cover the whole country and add up to £6m if the project scales up. In the past, I think the business struggled with scaling its undoubtedly highly skillful service expertise, which made it very hard to invest in. This is what has changed so much in the past three years. Looking forward to the interims and I think if the French vendors have dumped their early release shares over Summer, we could be heading upwards (just in time for CEO's LTIP assessment of the share price at next AGM ... by complete chance I am sure).
This is poised to be a long term holding in mine and the children's ISAs. Still very much under the radar with a small market cap, low liquidity, and a lack of profile. The call for their services is evident from today's announcement. Much much fourther to run once the market wakes up to the potential of their expertise....
but the 8pc spread makes timing purchase tricky