The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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ICL are losing money but the s*** load , where would they get this type of money to buy SM out
Agree Gina is the best option for SM but not for the shareholders because of the dilution.
Also we could see ICL making an offer - they badly need the polyhalite, especially as their Dead Sea phosphate operation could be stopped in the long term - excellent fit for them but very bad news for shareholders.
so who could a strategic partner be ? I live in hope
I aint in Yorkshire. That being said I enjoy 'All Creatures Great and Small'
Why? How narrow minded are you? Have you actually any history with this stock? Have you no conception of the position many people are in?
WHY? WHY? You are lazy minded beyond belief. We are not investing TODAY are we. Grow up FFS.
I would take up a load straight away if their was a float of additional shares... It really is the way to stick two fingers up..
Share price is 4.6p. Any placing will have an associated discount. They would probably place at 3p max. So you are probably looking at 100 billion shares. Its just not feasible. No one would buy into this. There isnt enough people in Yorkshire.
shell you may make few quid but this one could give you double the MONEY...
60bn new shares issued at 5p today is not a worst case scenario, its actually the best case scenario right now, and i doubt there is anyone willing to expend 3 billion on sirius shares.
That 2bn profit in 9 years is also a best case scenario, and its ignoring all the risk that would be present from here on out.
Why would anyone invest now in a company that might pay 5% of current price dividend in 9 years if the stars align, with a very high chance of bankruptcy, when you could start earning 6% of a much safer share right now like shell, i think current price its way overvalued.
If the worst case scenario were 60bn new shares issued at 5p today - no interest payments and job done - we have approx 70bn shares sharing $2bn profit in 9 yrs. run that through as a 5% dividend and you have a share price of nearly 30p.
That represents a terrible return for anyone already invested with an average in the 20s right now but still a return.
Invest now at 5p - what’s not to like?
It is grim and it has slid further from the dream but it is far from over.
This hysteria is of course adding to the problems. Take my above scenario back to a 10p share price and suddenly the new issue is half as many shares and twice as much profit and twice the SP.
If my shares are 60p and returning a 3p dividend I will have an investment that provides me with all I need. There will have been better opportunities with hindsight but I chose this one.
The PIs are unfortunately self defeating here at present and they will moan forever about it and blame everyone but themselves. I despise those who are so greedy, lazy and stupid that they thought this was a gravy train and someone else was driving. They will never know it was their own fault and driven further down by their own stupidity because they are so pathetically inadequate.