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Hi yes. I have done a bit more research.
Need to see 45k scripts for 1st qtr 24 to get this back on track along with a reduction in monthly costs.
It will be tight.
Traxpern,
Do you believe everything in the garden is rosy with the company hiring?
In truth its trying to fill the vacancies after a whole squad of sales people quit there positions....... just dig a little deeper, its never as it first seems.
Https://www.linkedin.com/company/shield-therapeutics?originalSubdomain=uk
Team continues to grow
I don't think feelings will move the stock much, Monday should be interesting.
Enough said, wait until Tuesday and we will see. G/L all
HarChris,
exactly my feelings and it has happened far to often on this stock over the past 18 months..
Sad but true
No leaks here.
Well historically speaking drops like this at STX are because information has leaked and those in the know don't like it.
It is advantageous when the sp has dropped half a penny in a week
It's very rare in situations like this that getting in before results is advantageous, or worth the risk.
Expect a major rise to 2p plus after.
Take your positions now
Indeed. If memory serves correct, even larger inside buys by one or more of the 4D Directors. Look what happened there.
Remind me, how many shares has the CEO bought here?
Regardless, watching with a degree of morbid curiosity to see how this plays out.
Clear expectations for what the ultimate conclusion is going to be of course, but maybe this time it will be different?
I can only imagine that is the basis for anyone taking a punt here right now. Like an unhealthy gambling habit, lol. Your money, your choice of course.
What's the "technical accountants " specialty?
Raising funds I believe.
What was the reason why the last CFO was let go/moved on?
Still on word on the 3rd party.
I've been incredibly bearish since the last results and saw good reason for the slump to 1.5p but there's no doubt that sub 1p is pretty good punt money for a lowball TO in the 2s later this year.
Are you sure?
Were dies your confidence come from?
Research "Connaught" thd new Big shot Boss bought £500k, 2 weeks later it went tits up 20,000 staff gone.
A lot of times directors buys can be very misleading. This is been played out over and over again. However I long for the 6p+ days to come...🙏🙏
London, UK, 27 November 2023: Shield Therapeutics plc (LSE:STX), a commercial stage pharmaceutical company with a focus on addressing iron deficiency with its lead product Accrufer®/Feraccru® (ferric maltol), confirms that Mr Hans Peter Hasler, Chairman, acquired 2,000,000 Ordinary Shares in the Company on 21 November 2023 at a price of 6.1p per share. Mr Hasler now holds a beneficial interest in 5,500,000 Ordinary Shares.
THIS IS A BUY
The market has almost priced in the worst that can happen but it has not happened yet
At the current price, holding seems more sensible until we see more evidence of a sudden business downturn from the corrected position they have already declared.
There are many AIM companies in similar positions and if the sales are still growing at the stated rate and the new accountant has a grip on costs there will at some point be an SP recovery. (results next Tuesday)
This is oversold
Sales will go through the roof this year
Question: Why would Hans Peter Hasler buy £122k worth of shares at 6.0p back in November 2023 if this share is considered a burning platform with year end results due Tuesday?
ITS THERE CASH BURN HERE need more funds soon at what price ? Directors NOT EVEN BUYING I FEEL THE WORST HERE if great rns says its going great i buy yes have to pay a lot more but it be worth it
E_AL.....I await your buy, if you wait long enough you might even match AOP.
You forgot to mention the elephant in the room...lol
They missed their own revised target by a whopping 55-60k odd prescription and blamed someone else. It ain't that hard to count to 130,000.
How much of the 13m is burnt through already?
Optrade-
I love your optimistic view and I genuinely do hope you are 100% correct, but I doubt it. AOP will be waiting to lift the lot cheap before the enivatable happens.
LWHL,
like me is a realist. If it walks like a duck, quacks like - you know the rest.
GLA that have the ba**s or stupidity to hold.
Hopefully we survive and may come good at some point before dilution/fund raises kills us off.
You said a very similar thing back in early April, when the SP was 1.85p.
Maybe this time will be different, eh?
I suspect a few of us have our doubts, based on the history here.
But of course, that is what makes a market.
The asset is significantly oversold based on the daily and weekly technical charts and it's NT to buy at the moment. To me, it seems like this drop was a deliberate move to trigger any remaining stop losses before the results are announced. I will buy here and hold for the results
From the latest trading update:
Business Metrics:
· Cash: $13.9m as of 31 December 2023
· Total 2023 revenue and other income: $17.5m, a 2.8x increase over FY22
o Accrufer® revenue: $11.6m, a 3.1x increase over FY22
o Ex-U.S. revenue: $1.5m
o Other income revenue including Viatris milestone payments: $4.4m
· U.S. Q4 2023 Revenue: $4.3m
· Average net selling price: c.$145/prescription in H2 2023, an increase of c.21% compared with H1 2023
· Total 2023 Prescriptions: c.77k, a 3.1x increase over FY22
You have no proof of that Sym, it may have been a genuine misquote mistake that won't happen again.
There is no evidence the company is about to collapse.
The fear of complete annihilation has really taken hold and there seems nothing will stop it.
What's the outcome of this?
It's all very sad that inept people are allowed to run companies into the ground, even when they have a alleged wonderful product.
Yes the SP has slipped a lot not without reason, but put the misquote to one side and the results still looked quite good.
The big question here is what the results will look like on April 30th, they have a new experienced accountant and if the adjusted official figures are anything like what they have indicated you could expect a big bounce.
Worth at least holding or possibly adding at these very low levels.