The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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..And no doubt Big Sam (our Mr 13%) has been advising in a very collaborative way behind the scenes and may well have even introduced Rahul to TLW.. (and Mitch). I’m following his confidence when he says “he knows the assets but not the people” the guy is getting us/introducing the right people to TLW I am sure! GLA LTHs
@Michaeliz1...your first two sentences are fake news and sensationalist...but I agree with your latter ones. Not once have we been in a standstill with our lenders as we have had waivers...it’s more the “dark forces” who preyed on Dot’s actions of Nov 19 and then Covid 19 struck...but you know what...Dot actually saved TLW by doing what she did, when she did and that was luck...and for us LTHs that will do as we we planned our actions to get lean pre Mar 20 so we were well ahead of the curve...
The sp crashed because of an unsustainable business plan. So close to total collapse. But business now seems under control and realistic. I think a sure and steady sp increase and don't have much time for those who keep saying multi bagger etc
In a few weeks the lenders sentiment and market sentiments have changed very much in TLW favour..sit back and relax if your can given the initial heavy lifting has been done...just look at the pain CINE shareholders have been through...totally different business but was on the brink and now back to over £1 after seeing the 20s...and doors still not open...be patient over the next few weeks and make it hard for the shorters and you may well be rewarded a many times over! Enjoy the weekend!
In
SB,
I hope you are right about 100p, and I think the debt was nearer $5B
Mic,
We are talking about global oil demand and it has been summer in the Southern Hemisphere. Anyway, long term TLW holders don't need central heating as their blood pressure from watching this SP will have kept them warm!
They had a lot of debt over 2B when they were trading over £2, the reason the share price got trashed was because oil price dropped like a stone, meaning it became difficult to pay back the money based on reduced barrels being pumped each month,hence we had the shorters on their back hoping the whole operation fails, but then came the knight in the form of Raul, rest is history. I think we see £1 sooner than you think as the market always looks six months ahead.
Jmax yes insofar that sp would increase over the winter with additional demand for oil. And....
Michaliz,
It's not that long ago you were making SP predictions based on increased use of heating oil.
There are so many variables which we all know - but allowing for steady progress and nothing spectacular - 18months to 2years. The ideal happy ending (for me) would be a T/O in this price range this year.
1.50 is not reasonable and there is no evidence to support this. Tullow has got good plans in place but until debt is paid 1.50 is a long way away
What’s your timeline for a sp of £1.50? I’d be interested to know your thoughts?
DM,
I have been here a long time and in the dark days I always felt that if TLW survived, we could really go places again and 150P is a reasonable target.
Tullow would have tanked along with the market, it seems the good news is finally sinking in and putting a floor under the price, glalth.