The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Nomoretwist, TED is another fun one to play with. Long term trend should be up, and it has nice dips to play with so should be ok to punt upwards.
Swanny:- Thanks for giving a very honest reply.
I have lost money on other shares (ie, Prem).I have not gone back and left negative comments incessantly like G.Rees. Some of his comments may be right but the manner they are left are meant to be destructive. Some investors may decide to give up, with the rewards just around the corner.
It would appear that G.Rees has a vendetta against the company and will only be happy if the company goes under.
Nomoretwist, I am not exactly a day trader, I have around 1.75m shares in TERN that I sit on and have never sold, just built up, and then I have up to 300k that I trade the swings. And yes, while we wait for the main event I would much rather the share price float around for some small winnings than just sit at 19p for a month or two.
I am also not sure any investor should pay attention to free chat boards and risk anything they are not prepared to lose on any advice they read here, or if anything posted here has any weight on where a share will move.
I also think if you have a board full of positive comments to encourage investors, with all the negative posts deleted, that is worse for a small investor as they will be encouraged to do things where they might otherwise have more caution.
Anyway AML is a trading dream right now with its swings, and all my short term bets are already on TERN so I am sitting this one out now for trading, just topping up shares to keep.
Swanny:-
You have stated before that you are a Day Trader with Tern. It would be in your interest for G.Rees to sow doubt in the minds of investors so that the price rises and falls.
The gains you make could be at the cost of small investor who do not have your money to play the market.
So what is the 5.5m?
Not much can be read into Abridged Accounts but on a cursory reading Trade Debtors increased by 200K which would usually imply increased Sales. If terms are 30 days then possibly a turnover increase of c.2m if 60 days poss an increase of c.1M
Other big moves Short term Creditors (usually trade invoices, accrued costs etc)up 5.5M repayable in less than a year and same amount 5.5M has hit the P&L and the loss has increased by 5.5M. Now since they only have 10K in the bank what fool would let them have 5.5m worth of goods or services with no prospect of the invoice being repaid within a year? Hmm.
Da are also sponsoring. So surely they ain't worried
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Good point Swanny27, quite interesting that very little in cash but have not asked Tern for top up nine months later.
Why does everyone pick on G Rees, I think negative comments open your mind to a different perspective on an investment, and are just as likely to be wrong as positive comments looking through rose tinted glasses.
I like to look at negative comments as some are valuable, and personally I would not have checked out the report and accounts, albeit they are meaningless, although no staff increase at all concerned me, if GR hadn't correctly pointed out they had just been posted.
Anyway I am off to buy some more shares as I have earned some new punting vouchers this week, rock on Agronomics! as I need to lower my threshold for a £1m win on this thing.
Greasy you clown!! Maybe if instead of just peeping you opened your eyes to the wider picture. As well, what was going on at most companies around the world ie staff reduction, losses etc??……..why not think before typing!!
Chuggley, why do you say his facts are wrong when you can just log into Companies House, search for Device Authority, and the first item that appears is the 2000 year accounts lodged today. There may be more to it and the UK company is only a small part, but 12 staff etc is there for all to see.
I have a lot of these shares so not being negative, it is just that G Rees has not told a lie.
Facts are wrong. But hey when's greasy cared about facts
Rees'y, cannot fault your facts there, just had a look myself.
Have to admit I thought the staff numbers had increased significantly over the last couple of years and a zero increase looks odd, but that is what they have submitted as their return and I am not sure you can make stuff up and put it in Companies House.
Nothing about sales and future sales though, so all may be ok in the long run.
At DA’s accounts…
You should hang your heads in shame..
12 staff, £5.5m loss with £10k in the bank..